Rasmussen poll on support for a return to a gold standard

Discussion in 'Politics & Religion' started by Bernard, Nov 1, 2011.

  1. #1
    More: http://finance.yahoo.com/news/October-Surprise-Can-Gold-Be-xfoftp-3327442108.html

    The original source for this article is behind a pay wall:

    http://www.rasmussenreports.com/pub...ic_has_mixed_views_of_return_to_gold_standard

    I hope this bodes well for Ron Paul's H.R. 1098: Free Competition in Currency Act.
     
    Bernard, Nov 1, 2011 IP
  2. thesickearth

    thesickearth Active Member

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    #2
    Sorry , this is a pipe dream. Gold standard, copper standard, goat cheese standard or any other is not possible in a current economy where 1 farmer is feeding 1000 people that cleaning each other's shoes. People will actually have to MAKE/PRODUCE something in order to link their labor to a real commodity, and that is not possible as there is nothing for people to do with all the robots/machines/etc.
     
    thesickearth, Nov 1, 2011 IP
    sachin410 likes this.
  3. ApocalypseXL

    ApocalypseXL Notable Member

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    #3
    LOL people also support free money and free drinks .
     
    ApocalypseXL, Nov 1, 2011 IP
  4. sunfyre7896

    sunfyre7896 Peon

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    #4
    Well the current "free market" 'print all the money you want to pay for past debts' system is not working as well. All it's doing is raising inflation and devaluing the dollar. A return to the gold standard could mean less money in circulation, thus valuing the dollar and lowering prices.
     
    sunfyre7896, Nov 3, 2011 IP
  5. ApocalypseXL

    ApocalypseXL Notable Member

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    #5
    Yes an there will be a magical amount of money that will buy food and utilities . If you want to reduce your water production and use only the local river you need to cut consumption first .
     
    ApocalypseXL, Nov 3, 2011 IP