Kelantan launches gold dinar

[cavanami]

Errrr....who's the Tin Head (me of course, but...)

[shygye]

So the US starts issuing "gold backs" again? Before FDR (probably illegally) took the US off of the gold standard' date=' paper currency said it was redeemable in gold. After FDR it was redeemable in silver. JFK even did that in and now it's just redeemable in more paper money ...

 

[/quote']

...and herein lies the problem. The US can't start issuing gold backed currency again without the price of gold skyrocketing.

 

The purpose of the gold dinar is to take the ability to inflate/deflate currencies out of the hands of politicians.

 

 

... but it doesn't make the economy more stable! Look at all the boom-bust cycles while countries were on the gold standard. The Great Depression happened while the USA was on the gold standard.

 

[Old Hippie]

Ok, the sky is falling, the USA is going down the shitter, we will lapse into 3rd or 4th world poverty in 2 years etc...so what happens to china when we don't buy their shitty products? and why is the Euro also declining? Yeah yeah the Arabs will kill us with their new currency basket and oil...until we fuck them by going nuclear and thus deminishing our need for them...at any time, the rest of the world could and should fuck them/crush them and take their oil...so why are we worried?

 

If it means anything, I launched my own currency today backed by vodka, be very worried everyone!

[cavanami]

So the US starts issuing "gold backs" again? Before FDR (probably illegally) took the US off of the gold standard' date=' paper currency said it was redeemable in gold. After FDR it was redeemable in silver. JFK even did that in and now it's just redeemable in more paper money ...

 

[/quote']

...and herein lies the problem. The US can't start issuing gold backed currency again without the price of gold skyrocketing.

 

The purpose of the gold dinar is to take the ability to inflate/deflate currencies out of the hands of politicians.

 

 

... but it doesn't make the economy more stable! Look at all the boom-bust cycles while countries were on the gold standard. The Great Depression happened while the USA was on the gold standard.

The Great Depression happened because the Federal Reserve flooded the economy with dollars and then took all the dollars back, causing the depression.

 

Who controls the money, controls the country! and the US gov does NOT control the money, the Federal Reserve does!!!

[shygye]

...

The Great Depression happened because the Federal Reserve flooded the economy with dollars and then took all the dollars back, causing the depression.

 

Who controls the money, controls the country! and the US gov does NOT control the money, the Federal Reserve does!!!

 

The Fed is part of the US government.

 

Legislators and bankers started pushing for a central bank-like system after the 1907 Bankers' Panic caused the stock market to tumble nearly 38 percent in a year. To put that into perspective, the Dow lost 34 percent in 2008.

 

[Flashermac]

<< If it means anything, I launched my own currency today backed by vodka, be very worried everyone. >>

 

The Frisco? Printed the same on both sides, since it goes either way.

 

 

[Old Hippie]

...

The Great Depression happened because the Federal Reserve flooded the economy with dollars and then took all the dollars back' date=' causing the depression.

 

Who controls the money, controls the country! and the US gov does NOT control the money, the Federal Reserve does!!![/quote']

 

The Fed is part of the US government.

 

Legislators and bankers started pushing for a central bank-like system after the 1907 Bankers' Panic caused the stock market to tumble nearly 38 percent in a year. To put that into perspective, the Dow lost 34 percent in 2008.

 

 

 

If I have it right from the tin hat bunch, thr Fed is NOT part of the government. and there in lies the "conspiracy."

[cavanami]

OH, you are correct the Federal Reserve is NOT any part of the US gov.

 

Easy test, try to find the Federal Reserve in the "blue pages" of the phone book, as the blue pages list gov agencies...NOT THERE!

 

You will find the Federal Reserve in the white pages along with Fed Ex and all the other commercial companies.

[acockasian]

...

The Great Depression happened because the Federal Reserve flooded the economy with dollars and then took all the dollars back' date=' causing the depression.

 

Who controls the money, controls the country! and the US gov does NOT control the money, the Federal Reserve does!!![/quote']

 

The Fed is part of the US government.

 

Legislators and bankers started pushing for a central bank-like system after the 1907 Bankers' Panic caused the stock market to tumble nearly 38 percent in a year. To put that into perspective, the Dow lost 34 percent in 2008.

 

 

 

If I have it right from the tin hat bunch, thr Fed is NOT part of the government. and there in lies the "conspiracy."

 

A really good book about this is the "Creature From Jekyll Island". The Fed acts on behalf of the major money center banks.

[shygye]

OH, you are correct the Federal Reserve is NOT any part of the US gov.

 

Easy test, try to find the Federal Reserve in the "blue pages" of the phone book, as the blue pages list gov agencies...NOT THERE!

 

You will find the Federal Reserve in the white pages along with Fed Ex and all the other commercial companies.

 

It is part of the Federal government. Its website is http://www.federalreserve.gov, part of the Federal governments .gov domain.

 

Let's see what else is not listed in the "blue pages" in my local phone book,

 

Supreme Court

FBI

CIA

NSA

US Marshalls

NTSA

Senate

White House

NASA

NOAA

 

So according to your "tin hat" criteria, all of these are not part of the Federal government.