Hypothetical: Would you support a gold backed Amero?
Submitted by Forge on Thu, 10/02/2008 - 11:19
I've posted a few articles that I've read recently (such as one from the WSJ) that suggest some people in the MSM are finally starting to wake up to the fact that it is a lack of sound money that has got us to our current financial situation. Which makes me wonder if some of the "powers that be" are preparing the way for something new... perhaps a gold backed Amero.
So, my question to you is this... say that the US gov't, in concert with at least one other nation, announced the creation of a new currency that will be backed by gold and that will compete in the marketplace against the US dollar.
Would you support such a plan? Why or why not?
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Amero = NWO wins
NWO for Dummies
http://www.youtube.com/watch?v=XRLPG_HplrA
Gold or no.
"There can be only one permanent revolution - a moral one: The regeneration of the inner man."
—Tolstoy
"The body is but a vessel for the soul,
A puppet which bends to the soul's tyranny.
And lo, the body is not eternal,
For it must feed on the flesh of others,
Lest it return to the dust whence it came.
Therefore the soul deceives and despises."
yeah.......
We will probably do what the British are doing. This might bite them in the ass actually! LOL!
"The real terrorist's are in this country and they are not planning to blow us up, but rather, take our money, our freedom, and our country."
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"The real terrorist's are in this country. They are not planning to blow us up,......... but rather, take our money, our freedom, and our country."
Problem with a Gold backed Amero
One problem I see with a Gold backed Amero is that the bankers consistently have a problem with giving the gold back. They have no problem taking your gold and giving you paper for it. Or taking your house and giving you paper for it, or any other tangible asset. I would seriously doubt that the bankers would entertain changing their ways.
No government above ours.
No government above ours. An Amero backed by gold would still have an institution of government above ours, which would mean we could kiss the Constitution and the Bill of Rights goodbye.
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The Amero might happen, but NEVER, EVER Gold-backed
Heck, we'll just start from scratch on another Fiat cycle that will last about 100 years before another inevitable collapse.
We have to print money out of thin air, because we can't afford to run an empire and police the world if we don't.
The Fed doesn't want to guarantee our cash against gold..it's way to risky for them.
I don't care,
they could call it the Amero, they could call it a Deutch-Dollar, hell they could call it 'Freedom Money'! The name is meaningless. If it's backed by hard assets, and the supply is controlled exclusively by our country, then WHO THE HELL CARES!
PS. If Canada and Mexico wanna deal in OUR currency, then they're more than welcome.
Hypothetically.
Who dose NOT want the AMERO????
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Not me
No Thanks. Our dollar could be revived if silver or gold came into play
No, And Hell No
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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels
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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels
Switch gears, folks
Federal Reserve Notes are not the real problem.
The Amero would also not be the real problem.
The real problems are the legal tender laws which force us to accept a fiat currency when it is offered in obligation of a debt, and government disobedience to Article I, Section 10 of the Constitution: "No state shall make anything but GOLD & SILVER coin a tender in payment of debts". Get rid of the legal tender laws, and the rest of it is moot because the market will decide what real money is. And there may very well be more than one type, be it Liberty Dollars, or Ameros, or cow patties.
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Moobi
"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." -- Thomas Jefferson
How about the Dollar
backed up by land. No one can steal it , print it, vault it etc..
And that would be good competition to all fiat money, and less prone to manipulation and speculation. There is only so much land and that should shelter the value of the notes against any scheme imaginable.
What is your take?
Dr. Paul "The prophet of the economy"
An interesting idea...
but, some downfalls. The first that springs to my mind is that not all land is equally valuable. One oz of gold is the same as another... one acre of land could be more or less valuable than another. I'm not sure how you'd deal w/ that with a land backed currency.
One problem...
real estate is not portable. But you're thinking outside the box, which is a great start.
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Moobi
"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." -- Thomas Jefferson
First we have to eliminate the debt.
It doesn't matter what currency we have if the government is allowed to take on debt. People profit from government debt, they make their living off the government debt and we pay eternally.
What if the government was unable to sell more Treasury bills? What if China and Japan began to sell? Wouldn't the Treasury be forced to mint money?
Seems to me that if we want to take power away from the elite who benefit from the Federal government, then people need to stop holding and investing in T-bills and put wealth in their own bank. An investment in T-bills empowers the elitists controlling the Federal government. Remember T-bills are just paper, just like FRNs. Withdrawling our investment is their biggest fear. Holding onto T-bills locks up dollars as they say. I suggest investing in something other than T-bills such as your local economy, food, supplies, silver and gold. These items stimulate our economy and the individual is empowered. But, what the hell do I know?
grant
It absolutely matters! Under
It absolutely matters! Under a Fiat Monetary System the money itself it debt. We operate under a DEBT STANDARD of Fiat Money. It is therefore, impossible for this government to ever pay off the DEBT by using a DEBT INSTRUMENT. You cannot pay a debt with an IOU and that is all each fiat dollar in circulation is, a legal notification of a debt obligation used as a medium of exchange. In our current system all this government can do is swap old debt for new debt.
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It is not possible for the Dollar
to fail.
The Dollar is 371.25 grains of pure silver. That isn't going to fail.
What will collapse is the accepted value of a piece of paper called a "Federal Reserve Note" which is claimed by the Fed to have a value of "One Dollar."
It currently has a real value of about $.02
If the "FRN" fails, then the old money will simply come out of the wood work.
We need to educate people on this NOW so when it is time to substitute REAL dollars for FRNs, people will understand how to do it, and they will understand the advantage of real Dollars, over the Amero.
It most likely would be silver
and would be based on the original dollar as it is most convenient in 400 years of use in transactions, and has been used on this continent for almost 300 of them.
Gold would be there, but for more big ticket items. Most people, as before, will never hold a gold coin ever, or need to.
I would not support any 'backed' currency.
I will only support actual coinage.
I would prefer it be privately issued with no legal tender clauses.
I WILL NOT SUPPORT THE NAU under ANY pretenses!!
if it werent a form of
if it werent a form of internationalized money then i would welcome the amero backed by gold. if its something thats directly controlled/regulated by the IMF, no thanks.
Would I support 2 government
Would I support 2 government controlled currencies, one fiat, and one based on a gold standard, but also happens to be part of a conspiracy to form a NAU?
No... I would not.
No the only thing I will
No the only thing I will back is a completely free market of competing currencies.
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systemic repair
It is not neccessarily the system that is broke ,IT has become the people running the system....
weee
Highly doubt it
that those that want an AMERO would reject Keyenesiasm and adopt a commodity backed currency!
Agreed
I think that's why it makes for an interesting question.
No International Currency...
They already violate our Constitution with fiat money. How long do you think a gold-based Amero would last?
the one best currency
Why do we try to pick the one best currency? Would it not be easier and more conducive to freedom and liberty if we would ALLOW COMPETITION IN CURRENCY? It would likely quickly narrow down to a handful of currencies, and each could choose to use the currency they desire, instead of being forced to use whatever is deemed to be the best.
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The IRS has to be abolished first.
Because they would have to have a "standard" that they bill and calculate in.
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NO
American Soverinty comes 1st,
A gold back US currency yes.
Overwhelming Fight to the death no to anything that has us losing our Sov, which would be required for in shared currency.
The Abuse of Greatness is when it disjoins remorse from power. - Shakespeare
No paper.
As long as we get to hold the gold and not paper, and as long as it's value isn't fixed, what would be the point of calling it an Amero. Why not just call it gold.
Depends on what you mean
I would use money that was either gold itself or was redeemable on demand in a specified amount of gold. Can't inflate gold, so as long as the money is as good as gold, I would use it. I don't care what name is on it. Neither did the Founders of this country. They used Spanish milled dollars for a hundred years.
Better get used to the idea. When the dollar collapses, somebody is going to issue a metal-backed currency. Maybe China, maybe Mexico, maybe an Arab country. Probably NOT the USA. And when that metal backed currency becomes the new world reserve currency, you will use it because it will be the best money around. Until they debase it again.
Wouldn't it be nice…
… If the people simply created their own money after the crash and told the banks to stuff it?
"It does not take a majority to prevail... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." Samuel Adams
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