Gold filled currencySubmitted by stockoneder on Tue, 04/14/2009 - 14:21
Here is a great solution to replace dishonest, corrupt fiat "money" with honest 100% gold money. The technology exists to create gold filled plastic money that are the same size as our current corrupt, evil, federal reserve slave notes. Gold filled notes would have a stated, verifiable weight of gold embedded in the notes themselves. Based on todays gold prices($890 per oz. or 480 grains) a gold-filled note worth about 1 dollar would contain roughly 1.85 grains, lets make it a 2 grain gold note for simplicity. 9 grains would be about $5 and 19http://www.youtube.com/watch?gl=AU&hl=en-GB&v=YTggA4jVPj0 grains would be about $10. And so on. Probably would be much simpler to make a 2 grain, 10 grain, 20 grain, 40 grain and so forth. The larger value notes could switch to grams. 1 oz. = 31 grams. So a $100 note would be about 4 grams. Prices would no longer be in dollars but would be in grams or grains of gold. Smaller amounts could be taken care of by silver coins just like we did in the u.s. for a couple hundred years until 1964. When you went to the store to buy groceries, prices would be in gold grains.
Now you say, well gold prices fluctuate wildly so how would this work? that is true they do. Question is why? For one thing gold isn't used as money so it's value in relation to money is constantly changing. If gold was again the money of choice it would be far more stable. The other factor causing the difference in gold and "money" values is inflation. Paper money is cheap, easily created and counterfeited(biggest counterfeiter is the government) and is constantly being printed out of thin air. This drives down the value of paper money and destroys its purchasing power. Gold has held its value throughout history and has always risen in value against fiat(backed by nothing of real value) currencies.
Here is a video showing show these notes could be made:http://www.youtube.com/watch?gl=AU&hl=en-GB&v=YTggA4jVPj0
The only role of government in a new gold-filled paper currency would be to monitor the manufacturers to ensure the notes contain the stated amount of gold in them. Burning the note would allow anyone with a scale to do the same thing to make sure their note actually contained the stated content of gold printed on its face. These notes would destroy the power of governments to steal from you through printing up more and more paper money as has been going on in the u.s. since 1913. The biggest tax you pay is the inflation tax. Didn't know about that, did you? Well if you are a product of the public indoctrination system that is by design. Why would they teach you they are systematically stealing your hard earned wealth? You might actually get mad and do something about it. That would be incredibly foolish on their part.