Gold standard back?

The US dollar use to be said to be “as good as gold.” As the dollar declines, though, others elsewhere are starting to think otherwise. Russia, China and India have all been building up their gold supply, and with the US dollar in danger, is the return of a gold standard imminent? Goldline CEO Scott Carter says returning to a gold standard would force Congress to make America live within its means, crucial at a time the country spends more than a trillion and a half more every year than it brings in through tax revenues.

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Original Youtube video here.

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whitewolfeyy
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its just a matter of time,gold and silver will be money.

18wheeler76
Guest

@whitewolfeyy not if the fed has anything to do with it,or our corupt government.if gold and silver are money they wont be able to keep us totaly enslaved

TheEpoxyExpert
Guest

Respond to this video…
yes

Duong Nguyen
Guest

Gold standard can't be adopted without devaluing all economies of the world. Truth is gold is an actual commodity which can only be mined so quickly and there is only so much known gold floating around. The human population on the other hand, has tripled in the last 50 years, gold reserves has not. So the available capital per person on the gold standard will decrease every year the population growth outpaces gold mining.This means less economic growth and massive gold hoarding in long run.

tdebat
Guest

TAX THE FEDERAL RESERVE !!!!!!!!

burn413
Guest

gold is no answer! the banks and governments own almost all the gold! and aren't they the ones that have created this struggle! we don't need gold we just need to end the fed and let the u.s treasury take over all the feds responsibilities on money creation and intrest rate setting and they can create money for loans but when the loans are paid back they can take the cash back out of the economy to prevent inflation. check— stop the robbery .com

hiyukenmusic
Guest

The gold standard is the stupid thing ever. Gold is a limited commodity. Gold scarcity is called a Panic. Silver is a better commodity but the whole idea is based on interested based or debt based money. Treasury can print debt free money backed by nothing. If it is backed by nothing with no interest, then no corporation or foreign government can manipulate its value. Yes we would reduce our imports and increase domestic production…BUT THAT'S WHAT WE HAVE TO DO ANYWAY!!!

hiyukenmusic
Guest

@europa the FED prints money out of thin air and charges interest on that money…then allows banks to create more money via Fractional Reserve Banking and charge interest on that. Interest on fiat currency and Fractional Reserve Banking are the problem…not fiat currency itself. What they propose is serfdom by returning to the Gold standard. Ask the people of North Dakota who have a quasi interest free monetary policy and see what they think about the Gold standard.

hiyukenmusic
Guest

Remember this "guest" is the CEO of GOLDLINE!!! Do you think he has a non monetary opinion on the matter? Do you think he is speaking altruisticly? He stands to make money off of the gold standard and that is why he is promoting it. Ask this CEO to compare price stability under the gold standard versus price stability under the Lincoln Greenback.

hiyukenmusic
Guest

To Summerize:
This suggest of a change of our monetary policy has the built in assumption that we are going to pay off 14.5 trillion in debt plus interest.

A change to the gold standard would mean nothing other than our creditors would be paid in gold instead of fiat currency.

Repeat

A change to the gold standard would mean nothing other than our creditors would be paid in gold instead of fiat currency.

If that doesn't sound stupid to you I don't know what to say.

hiyukenmusic
Guest

DEFAULT ON THE DEBT AND START OVER WITH AN INTEREST FREE TREASURY ISSUED CURRENCY!!!

hiyukenmusic
Guest

And if you want to back it, back it with silver a cheap abundant commodity not gold.

harveybirdmannequin
Guest

Cheer a gold standard, you dumbos. You people need to learn the hard way.
The only practical thing a commodity standard does is limit the money supply.
The idea of backing a currency by gold is a meaningless nonsense statement. You don't exchange currency for gold you exchange it for goods & services.
All the smart people know gold has very limited uses (useless). This is just a Jew trick to get people to park their money in a useless asset thereby offset inflation in commodities with utility.

SharkTheArdvark
Guest

going to gold standard does not mean handing out gold instead of dollars. It means we have an agreed upon collateral. If you go to get a loan you need collateral. right now our collateral is our GDP. We are surpassing that with our debt so we need better collateral.

SharkTheArdvark
Guest

limiting the money supply is what a lot of economists are calling for. another way is to increase the interest rates. both options to which the feds is doing the complete opposite. this hidden tax called inflation is also affecting our creditors. so to recap, inflation is increasing beyond the current stagnant wages, so we need to limit the money supply, gold will do that or increasing interest rates or stop printing money.

xtop23
Guest

Goldline is a rip . Don't buy from them .

o2head
Guest

gold standard is what created our feit currencies! back in the day when there was only gold people would keep their gold at counting houses. they would give paper notes saying that they had gold. the owners of these places where quick to realize nobody ever collected all their gold, the could loan out paper and charge interest! this is how the rothchilds started! CURRENCY FOR THE PEOPLE, BY THE PEOPLE! not in our lifetime

Tepstolog
Guest

Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act

capucchan8
Guest

I hope so down with the Fed and it's Yuppie supporters

98bigbutt
Guest

So that means paper $ will replace with gold because paper $ especially US $ won't value anything?

MightyMatt28
Guest

People are waking up to the Fed, and the role of central banks… NWO is polishing brass on the Titanic!

Nicolai Laache
Guest

65% premium????

Metallicafan6611
Guest

I think I will have to agree with Mr. Ron Paul. We don't need to go back to the Gold standard which limits how much money can be printed up. We need to END THE FED. Screw currency. No matter what currency exists, it eventually becomes corrupted. You can't print gold and silver.

End the Fed and use what the US Constitution says is real money…gold and silver.

colourmegone
Guest

Just another scheme by billionaires and international brokerage corporations, who control the vast bulk of the world's gold supplies, to extend their control of the economic and political organizations of the world. Anyone who falls for this twaddle gets exactly what they deserve.

Andrew Thorpe
Guest

@colourmegone You obviously don't know what you are talking about. The gold standard will stop all these bubbles from happening and give purchasing power back to a currency that is backed by something. If you have a currency that is backed by nothing (fiat currency) its real value always returns to zero. History has shown us this already

hopenchrist777
Guest

Clearly, Ber-spanky don't know anything about economics. Returning to the gold standard will, where we are now, is only going to cause all of us to lose what "money" we have until the economy corrects itself. Can you imagine; terror and revolt in the streets. Huummm…I am pretty sure we will have that either way we go. So what should we do? Which is the lessor evil….you decide. Wake up America before it's too late! May God help us!

hmj8786
Guest

lol to bad americas gold went to israel

drewzillasaurusrex
Guest

The Central Banks have been buying huge amounts of gold so they are buying up all of their own handcuffs.

colourmegone
Guest

@LanceThorpe And you obviously have no knowledge of the history of economics. When the gold standard prevailed there was bubble after bubble, from the South Sea to the Teapot Dome and on and on. The Great Depression occurred during the gold standard. You are simply a gullible twit who has swallowed the line they want you to. "Gold is the people's money", what twaddle.
The dollar is based on oil and will rise & fall with it but mostly it's based on US military power.

ustfu
Guest

hell yeah!

Derek Oxenreider
Guest

If I wanted to listen to this guy's line of bull, I'd watch Glenn Beck's stupid ass!

ThoughtCrime7
Guest

– Bring back Glass-Stegall
– Ban derivatives, CDOs and CDSs
– Ban naked short selling
– Impose a Wall Street high volume trading tax
– Give congress (the people) control over money supply and interest rates
– Ban fractional reserve banking
– Let the treasury issue money at 0% interest as it once did
– Outlaw the practice of governments borrowing from private banks at compound interest
– END THE FED

Problem solved

MarkFaust
Guest

@hmj8786 Really? Last i have heard, Fort Knox is still full of miles of gold.

hstone39
Guest

We got to get rid of the federal reserve first before we go back to the gold standard.

donniebrasco24
Guest

if this happens, gold will have to be revalued to make up for all the dollars printing into existence, gold will go to 15k an ounce easily!!!

hmj8786
Guest

@MarkFaust did faux news tell you that? fort knox hasnt been audited since ww2 and you trust your politicians?

MarkFaust
Guest

@hmj8786 No, i don't trust ANY news source or politicians. There's military presence there for a reason. Our government LOVES secrecy (just look at the news of Team VI killing Osama even after the U.S. denies their existence). Also, there's no way our greedy government is going to let that gold go, no way.

hmj8786
Guest

@MarkFaust you should research about the amount of gold that disappeared from the world trade center! america works for israel get over it!

alg3r1a
Guest

blyth : "ON MY DEAD BODY !!!!"

MarkFaust
Guest

@hmj8786 Ummm, there's nothing to get over. WHY would America work for Israel? Do you have ANY evidence to support this fanatacism that doesn't come from some made up paranoid conspiracy website?

StanwoodSpartans
Guest

Fort Knox will be raided?

Andrew Thorpe
Guest

@colourmegone There have been more bubbles than ever seen before after the gold standard was taking off because you started to have cheap money. The Great Depression had nothing to do with the gold standard; The Great Depression was a sudden contraction of the money supply.
In regards to your last statement, when you have gold backed by the dollar, which it currently isn't, you can not print money out of thin air. This then makes what you are trying to portray and what you said a paradox.

colourmegone
Guest

@LanceThorpe It's hard to know where to start with this illiterate rant. You mention the Depression being caused by "a sudden contraction of the money supply" but in an economy backed by gold the money supply is limited by the supply of gold whereas in a system backed by production the only limit is productivity.
The bubbles you mention were the direct result of the deregulation of the banks by the Monetarists, who are doubtless behind the gold movement.

Andrew Thorpe
Guest

@colourmegone When a country has prosperity they can buy gold. Gold is just stored so it isn't limited, and has real monetary value. Not peg it to the American currency which is backed by nothing. You say productivity but America has stuff all production when it is the global currency of the world. America is causing the problem giving the world inflation because America imports but doesn't export. Oh I see deregulation of the banks :/ the stock market is based around bubbles in America.

carlo1775
Guest

Russia Today is Communist Propaganda. Bring back the monarchy.