"In the absence of a gold standard there is no way to protect savings from confiscation through inflation - there is no safe store of value." - Alan Greenspan (1966)
You are basically an NPC if you blame boomers for the economic state of affiairs. Having an illegal central bank and going off a gold standard ruined this country.
How the fuck are boomers making the cost of living skyrocket exactly?
If you blame boomers for the economic mess you are an NPC
Inflation is a necessary component of Keynesianism because it forces spending and investment. The entire modern economic system is based on coercion.
Nice pic ruhtard.
the "silent generation" didn't stop the FED or the IRS or the FBI
the "boomer generation" were given everything and didn't care what the government did
the "generation x'ers" got high and forgot to do anything important
Who the fuck do you think voted for the people who went off the gold standard? Ayyyliums? ZOOOMERS? People born after 2000? It was the fucking boomers who voted. So yes, they are responsible.
YOURE an NPC
>WW2
>The only way for Europeans to buy American goods is gold since everything's fucked and there's no currency anymore
>America accumulates 2/3 or worlds gold
>Has dollar/gold standard 1/1 ratio
>Europe rebuilds, starts making stuff America wants to buy
>America starts printing more paper even though it's supposed to be backed by gold
>Americans buy European goods with dollars
>European countries start buying back American gold with American fiat
>Poof goes half of Americas treasury gold
>Nixon comes out in front of the world and goes like well it's time to end gold standard :^)
Oh you Americans... The wolf in sheeps clothing. It's even worse nowadays though. You make fiat out of thin air, pay yourselves huge wages, buy cheap products from the rest of the world. You have enslaved the whole planet and only a few clever boys can figure it out. Quite a nasty piece of work you managed there FED KIKES. I am impressed.
They bought into Marxism.
I can blame both at the same fucking time, you retard. Going off the gold standard set us on the path, and the boomers raced their asses as far down it as their retard gallop would take them. And here we are.
Yeah but the fucking boomers weren't voting to be taken off a gold standard.
That's like saying you voted for Clinton so it's your fault he lied about getting his cocked sucked by lewinsky.
Doesn't matter who the boomers voted for..... we would have went off a gold standard regardless.
I mean do you think anyone voted for Nixon to explicitly be taken off a gold standard?
Federal Reserve Act is when everyone in america lost their sovereignty and that's when the citizens should have revolted
read this, especially the part about the war.
feelsbadman
>implying it wasn't the Boomers who took us off the gold standard by freaking out over Vietnam
How is it possible, that people come up with all kinds of conspiracy theories about Jews and niggers, even though the truth is painfully obvious? All suffering and blight is because of BABY BOOMERS.
Good chap! Go ahead and blame the Jews and the niggers! Baby boomers only destroyed the whole planet permanently for the rest of the human kind during a couple of decades, but never mind that! Just focus on these demographics. Baby boomers are squeaky-clean, yes sir! It's so obnoxious to live on this planet of apes, where people claim to be "woke" and simultaneously disregard facts when they are presented to them.
I agree. But that's just a consequence of after going off the gold standard.
Going off a gold standard was the catalyst to make it so everyone got brainwashed into Marxism.
Afterall you can't have Marxism when on a gold standard
If you're going to post a sexy lady to get me to click on your shitty thread at least post one that's full resolution
what do we do when people start hording gold
the last part about "there is no cabal" is a crock of shit, they're the Black Nobility, and Committee of 300 who both serve the Jesuits. Their combined worth is over 1 quadrillion dollars and it's really nothing except to people who don't have any money, which is why they keep it so that everyone is stuck working for them.
>How the fuck are boomers making the cost of living skyrocket exactly?
by being there first with the capital to exploit it
If people horde gold is only makes other peoples gold worth more. They can sit on it if they want and YES they can spend it at a loss to manipulate but that has a big cost to do.
I blame them for the societal mess more than economic issues.
The central banks were/are still perfectly capable of fucking with the currency even if it's tied to gold. The Roaring 20s was a classic inflationary boom, and the Great Depression was a classic bust. Both happened on the gold standard.
No. Boomers created it and millennials inherited it. If you blame millennials, you are an NPC.
The gold standard ended in 1972. My dad was about 30 at that time. He should have known what the implications were for the future and reacted. Then was the dot com crash in 2001 with corporate bailouts. Buying a house after this time was dumb as you would be overpaying massively. Then was the inevitable 2008 bank bailouts. now were all totally fucked.
>How the fuck are boomers making the cost of living skyrocket exactly?
Because the bailouts mentioned about expand the amount of currency in circulation. The more currency in circulation diluts the value of the currency - the purchasing power. Each $ or £ has less value, so you need more of them to buy anything. Hence, house prices rise along with cost of living and anything else including LABOR. Millennials are earning less than ever before in terms of purchasing power AND and expensive to employ for the same reason - namely that the currency has a depleted purchasing power. So this keeps wages low.
>Going off a gold standard
If individuals held their savings in gold, they were protected.
Thats the point. Gold is money and dollars are currency. The fed manipulate the dollar, but cannot manipulate the weight of 1 oz
Hitler had a better model imo
Nothing stopping you from doing just that today. When busts happen, gold (and going forward crypto) soars in value against fiat.
Gold has been valuable to societies all over the earth for 1000s of years. This reason alone makes gold valuable - because it has 1000s of years of reliability. There were no iPhones or tech in medieval times yet gold was valuable. As long as the aristocracy values gold - its valuable.
Money HAS TO BE:
>Durable
>Transferable
>Divisible
>Intrinsically valuable
>Scarce
>Recognisable
>Fungible
time and time again people try to replace real money with something else and it fails every time, and what are those people forced to revert back to? GOLD
Gold is the ONLY substance (along with silver) that has ALL the properties needed and meets all the requirements to be defined as money.
It is these properties that give gold INTRINSIC value.
Demographics play a large part.
Cuckservatives need to learn they will never, ever, get the non-white vote and to concentrate on whites.
>gold (and going forward crypto) soars in value against fiat.
right - thats the fiat devaluing NOT gold getting miraculously heavier
Well you can thank Nixon for that one. He was also the last redpilled American president who named the Jew...
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>Boomers didn't fuck the country. Going off a gold standard did.
You can blame who ever you want, but at the end of the day...
Its always somebody elses fault.
The gold standard is probably retarded and Boomers still, against all logic, thought it was smart to massively liberalize laws regarding tech transfers to China in the 1990s.
Its boomers. Its only boomers. Not their parents. Not their children. Just boomers. It was on boomers watch that they abandoned their own families by disconnecting value from currency and going to this "unlimited free everything" system
>How the fuck are boomers making the cost of living skyrocket exactly?
This is the result of their importation of foreigners over natives -- either illegals (eg in farming) or via the radically abused and fraud-filled H1B (eg in Tech) -- which itself is a continuation of their aversion to training/apprenticeship (because training/passing on knowledge is work, and we can hire someone from somewhere else instead!)... all of which conspire to push down wages and actually make getting jobs harder.
But you are absolutely right that we need to return to Gold Standard. There's a PDF here with a Constitutional amendment to this effect:
> edward.fish
>productivity
sounds like horseshit. How would you measure productivity.
Some pointers for the idiots - you don't need a gold standard, but you'll want physical assets. Stocks, businesses, property, farm/ranch, gold, etc - they will maintain proportional value. Greenspan is correct - the entire economy today is based off of debt inflation. Borrow a dollar today, pay back a cent in the future. If you are in debt, with no ownership of physical assets, living paycheck to paycheck, your standard of living will decline at whatever rate the fed sets.
talking about america here:
1908 income tax added to the constitution, never ratified, people allowed it
1913 federal reserve act signed, unconstitutional, people allowed it
those two event could have been stopped and reversed all the issues but nope the people allowed it, everything that happened afterwards was the direct result of those two events
Its a quantifiable metric
The Gold Standard worked because it was backed by Gold right?
Because Gold has value right?
But value is a human concept, thus why can't we just say paper has value?
>Muh gold standard
Is just another excuse for taking the blame off the welfare state. Which btw, is the actual cause for the decline in the west.
Not untrue.
Bu the obvious currency sperging came throughout the 70s, 80s and 90s
See
Because you can arbitrarily print as much paper with as many zeroes on it as you please. See Venezuela for the latest example of profligate currency printing. See Rome's debasement of the denarius' silver content for a very early example.
This, subsidizing the weak is the cause for concern that ruined the economy of the West and now soon to be East and South. Culturally/politically straying far from the natural selection process(capitalism in this case) degrades the genetic criteria of your host population.
1) the gold standard did not stop inflation seen in the 20s that lasted through the 30s. inflation can have many different sources and all companies are run by people who will increase rates little by little to increase profit margins
2) the boombers over invested in bonds then demonized bonds traders in the 90s complaining about a paltry 7% return on investment. this drives banks to treat debt like bonds. boomers also ushered in subprime mortgages. not a single GENXer in the bunch in the government signed off on that. it was all old men and women even then. and the boomers social security is killing the country because the amount they paid in doesnt affect the amount they are paid as much as younger generations.
at this point the simple fact you bring up leaving the gold standard is funny as it was done by a boomer. a general byproduct of calling the shots for the last 4 decades is that you will be blamed for the state of affairs in the country for decades to come because cause and effect is a thing
>good day at work honey?
>yes! I was just between 3 and 4 productivities today
>posts random bikini bitch
>defends boomers
checked
no doubt about that, when AIPAC had its tentacles wrapped around the balls of both parties there wasn't a viable option for citizens except to revolt which never happened
>you voted for Clinton so it's your fault he lied about getting his cocked sucked by lewinsky.
That's why I voted for him
This is because banks, directed by a national central bank keeping them in line, can fraudulently print as many receipts to their gold deposits as they please and issue the receipts as loans. Banks accept other banks' checks and wire transfers without actually demanding transfer of the gold they're supposedly backed by. In this way the currency gets inflated regardless of the amount of the actual gold in the system. Ending the central bank is just as crucial as using gold in the first place.
>I mean do you think anyone voted for Nixon to explicitly be taken off a gold standard?
Yeah I know a couple of boomers who say that's why they voted for him. They said "hard currency was to restrictive broooo" then they proceeded to take fat bong rips, one after the other, and blew the smoke right in my face. All while they were blasting Echos by Pink Floyd on a old vinyl record player.
Going off the gold standard really screwed us. Take the gold pill, my guys.
> #
No. Boomers created it and millennials inherited it. If you blame millennials, you are an NPC.
The gold standard ended in 1972. My dad was about 30 at that time. He should have known what the implications were for the future and reacted.
You are an NPC based on JUST the fact that you are trying to blame another generational group or not.
It isn't like Nixon campaigned on ending the gold standard just like bush didn't campaign on the patriot act.
And once it happens........ it's not like you could really do anything right?
Like NAFTA. Nobody cares at the time because they are NPC's but now people are fucked now.
It's all a slow process
I eat my gold. I have a magnificent aura. Splendor beyond the senses. Perfection attained and the diamond body resurrected.
Really?
> trying to blame
Its a mathematically demonstrable historical fact. Its not "opinion".
High quality Canadian post and no one commends it. Wow.
Are you black or just stupid? There can't be a welfare state when on a gold standard and no illegal central bank.
How the fuck do you think socialism is a thing to begin with? Because of fiat money!
It was buying into globalism. The rich have been screwing everyone over by brainwashing you to think that is a good for you. It's only them youtu.be
On top of this, the gay agenda has been implemented, turning everyone into a degenerate
I think they killed Kennedy for doing that.
I don't believe it. The fed caused the fuckery of the 20's and 30's right? And didn't directly have something to do with being on or off a gold standard.... ok fine.....
But FDR made gold ownership illegal though. So there's something to be said for that as far as all the monetary fuckery goes. Why would he make gold illegal to own?
Then we go off a gold standard and obviously everything now is completely fucked and upside down.
Not being able to own gold and not being on a gold standard is an intricate part of why everything is fucked to high heaven
You know who defends the gold standard, Jews. Stop believing returning to the gold standard is some magic solution cause it’s not true.
The key to it all is figuring out whether or not the money supply should be managed, and whether or not there should be a central bank.
Being off the gold standard is not necessarily a problem nor a solution. Actually, the gold standard was first proposed to ensure the dominion of the banks over the money supply. The problem will always be the tutelage or control of the money supply. Nothing will change if the money supply stays in the hands of the same bankers, regardless of being a scarce commodity or not. The problem will always be fractional reserves and the control of the banks on money.
I agree with you. I'm just saying that you can't have globalism that you correctly stated people have been brainwashed into unless you get rid of a gold standard first.
The elite can't benefit off the masses when you have sound money.
>Boomers didn't fuck the country
Yes they did.
/thread.
>he thinks gold standard stop happening in 1970
retarded npc. That was the fault of the "Greatest Generation" aka the greatest goyium ever.
>You know who defends the gold standard, Jews.
Ron Paul isn't a jew. I think we should go on the iron standard anyways.
If it isn't a problem why did FDR make owning gold illegal? Why did we get taken off a gold standard?
If it didn't matter if we were on a gold standard or not then what's the point of making owning gold illegal and taking us off a gold standard?
>thinking the voting population had any say in the matter.
The biggest heist of the history of the United States was the executive order requiring people to hand over all of their gold by law. This was the start of the "gold standard". Now imagine if today Donald Trump wrote an executive order telling people to hand over their gold or else go to jail.
The bankers wanted more control because the gold standard was creating a few limitations on their power grip. This was basically a strategy to expand their power definitely, but it wasnt like the gold standard was doing a good job either before 29.
What you dont understand is that if we adopt the gold standard and bankers are the ones in hold of gold, they will be able to play with the economy in the very same way, by inflating / deflating certain areas as they fit, because they own the means to do it. The gold standard is irrelevant without making illegal for fractional reserves to exist.
Ron Paul mouths whatever the Jews tell him is wisdom. Libertarianism is another Jew bs ideology pushed to the burger goym to keep them confused and incapable of thinking straight.
Go ahead and try to make it through this book, and get back to me.
They were sociopaths on an individual and macro level, private and public sector.
So basically your saying what I'm sorta saying. Gold standard isn't perfect but now that we are off it we are fucked.
You just admitted that a gold standard restricted bankers.
>Ron Paul mouths whatever the Jews tell him is wisdom.
I guess that's why he's so anti-war. Makes sense.
>boomers dindu nuffin
>posts pic of thumbnail because he doesn't know how to save pics properly
Boomer detected. Day of the pillow soon, old man.
>You just admitted that a gold standard restricted bankers.
Don't you think the plutonium standard would do a better job at that?
And anti-israel
We are partially agreeing. The gold standard creates a few restrictions, and hence the reason they had to do away with it, but they are not enough to stop the bankers. If you read the history of banks, it was exactly the gold standard (and the prohibition / parity with gold of other metals such as silver) that allowed banks to take control of commerce and industry in the first place.
If theres a hierarchy of things that have to be done away with, fractional reserve has to always come first. Then private companies such as the FED cannot be allowed to be even close the money supply. Only then the gold standard (or any other scarce commodity) would be a good thing. Your solution is basically starting by the lesser of the problems.
I'm 35
> the absence of a gold standard there is no way to protect savings from confiscation through inflation - there is no safe store of value."
why don't you just buy stocks
To give them radiation poisoning?
We’re going back on it.
Dude, wake up. These people adopt whatever narratives that will work to woo the audiences that willl elect them. Ron Paul is full of shit, as are the majority of politicians in the senate or congress.
>Dude, wake up
Whatever sheeple
No because plutonium is more rare than gold, so therefore better.
Ummm because stocks are investments and gold is savings/money
The question IS why do I have to invest in stocks in order to stay ahead of inflation?
Why can't I earn 100$ today and have it buy me the same amount of goods today as 25 years from now? THATS the issue.
Nobody is saying don't invest. But why are my savings losing value??? (Aka prices going up?)
You understand that being rare is only 1 of many characteristics that money has to be right?
Also.... gold is rare but not too rare... if it was too rare it wouldn't have been a good candidate for money
>Fractional reserve lending is bad
Why though? Without it people’s savings are essentially removed from the money supply and currency would be even more volitale based on people’s savings rates?
35 year old boomer who can't use a computer and defends real boomers. To answer your question, in Australia boomers fucked the property market by buying up most of the houses to rent out and letting chinks buy the rest. Boomers were also hippie druggie degenerate scum and are brainwashed by their precious TalmudVision.
>Why can't I earn 100$ today and have it buy me the same amount of goods today as 25 years from now?
Why should you be able to?
Wow, you’re on this board and yet you still believe the shit you’re fed on a daily basis by your jew media, and jew financially controlled government. You have no freedom, other than being a consumertron for your jew overlords. Get that through your thick head.
Who the fuck changed the policy and voted for said people to be in power to change said policy.
>Grug buy rock. Muh Liberty.
The absolute state of you people. "backed" currencies and "independent central banks" are two sides of the same thing, which is subordinating the State to a bank.
>productivity increases due to efficiency
Hooray, the value of my savings went up by me doing nothing, because the money supply is limited and I HODL'd a rock while productivity went up.
>Jews make money charging interest on loans to the state
Fucking Jews are making risk-free money doing nothing! REEEEEEEEE!
Well sure.... I agree that fractional reserve banking has to come first, because that came first
gold is just proto-fiat. It's actually not any better - and causes big problems in trade deficits. Gold standard is a dead debate and a distraction from more critical questions of degeneracy and demographics.