H.R. 5404. Gold backed dollar????

Topic by Vajra Varaha

Vajra Varaha

Home Forums Money H.R. 5404. Gold backed dollar????

This topic contains 17 replies, has 11 voices, and was last updated by Legendary life  Legendary life 4 months, 2 weeks ago.

Viewing 18 posts - 1 through 18 (of 18 total)
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  • #881761
    +2
    Vajra Varaha
    Vajra Varaha
    Participant
    592

    This appears to be on the table.
    House bill would define a dollar in units of gold. Would activate 30 months after passed (if passed).
    Maybe around 2021?
    I think the clock has seriously started gentlemen. Make sure you have your stuff in you possession and not on an exchange or with a third party. I hope it’s finally time…..

    #881769
    +1
    FrankOne
    FrankOne
    Participant
    1219

    It will never pass. Jack Kemp wanted to do it in 1984 and also introduced a bill.

    You can’t ‘activate’ it without purchasing enough gold to back dollars. The price of gold would skyrocket. I think a system based on a basket of precious metals is more practical. Most importantly, you can’t ‘activate’ it without balancing the budget, which is anathema to the jackasses elected by the US sheeple. I am in favor of it primarily because it CONSTRAINS government’s ability to print funny money (fiat currency) backed by ‘the full faith and credit of the US’ (haha).

    The huge benefit to me is it reduces ability of government to spend beyond its means. The US broke with it during the Depression temporarily, when that tyrant 3-term president FDR ‘stimulated’ the economy. Then the final break was with that traitor Richard Nixon, partly brought on by the Vietnam War expenditures, but also the breakdown of the international Bretton Wood system. It was almost dead, though, when President ‘I am not a crook’ put a dagger in it.

    #881772
    +3
    Awakened
    Awakened
    Participant
    32164

    There’s not enough gold in the world to back all the “play” money that this government generates DAILY never mind ALL THE OUTSTANDING DEBT.

    In a World of Justin Beibers Be a Johnny Cash

    #881778
    +2
    Carnage
    Carnage
    Participant
    22083

    There’s not enough gold in the world to back all the “play” money that this government generates DAILY never mind ALL THE OUTSTANDING DEBT.

    Not really, all you have to do is increase the value of gold out of orbit…

    Problem is everyone with a wedding ring becomes rich… Althoug they wold blow trough it in two days.

    Jubilee, gold standard, market crash, keep kicking the dead horse are the opcions.

    Trump is a especialist in defaults, if he defaults what wold happen?

    BIG DICK IS CUMMING, WATCH YOUR ASS.

    To those following me, be careful, I just farted. Men those beans are killers.

    #881779
    +1
    Carnage
    Carnage
    Participant
    22083

    Althoug is possible, i mean russia buyed tons of gold the last 10 years, soo did china, europe collected their gold back from US, problem is, does US has enough gold to pull it off?

    There is something on gold no doubt, i got some soo what ever happens, im cool with it.

    To those following me, be careful, I just farted. Men those beans are killers.

    #881780
    +1
    JVB
    JVB
    Participant

    Have another one.

    Peace is > piece.

    #881783
    +1
    Carnage
    Carnage
    Participant
    22083

    Have another one.

    I dont get it.

    To those following me, be careful, I just farted. Men those beans are killers.

    #881784
    +1
    Forsaken
    Forsaken
    Participant
    1682

    It was introduced by a Republican.
    It has NO cosponsors.
    It was referred to the House Committee on Financial Services NINE months ago.
    Nancy Pelosi is about to become queen next month.

    Odds of passing? Hmmmm.

    #881785
    +1
    JVB
    JVB
    Participant

    Have another one.

    I dont get it.

    Sorry not you, op. Have another pint. Just saying I disagree.

    Peace is > piece.

    #881787
    +1

    Anonymous
    0

    I have always been a firm believer in this:
    If you have gold IN YOUR HAND you have money.
    Don’t pay attention to anything the political or financial liars have to say.
    Just an old Canuck chiming in.

    #881791
    +1
    Carnage
    Carnage
    Participant
    22083

    Have another one.

    I dont get it.

    Sorry not you, op. Have another pint. Just saying I disagree.

    Ohhhh got it.

    To those following me, be careful, I just farted. Men those beans are killers.

    #881808
    +1
    Monk
    Monk
    Participant
    12278

    Any member of the administration who looks like getting this passed will fall out of a window. Kennedy wanted to break the Fed and get away from fiat money, and look what happened to him.

    Fort Knox is empty anyway, the government having blown the US gold reserve (and everything belonging to anyone else that was stored there, too), decades ago.

    The violence of their reaction to any suggestion of an audit, or to other countries asking for their gold back, says it all.

    #881831
    +1
    Uchibenkei
    uchibenkei
    Participant
    7888

    I buy 10 – 50 grams of gold every month. F~~~ the usd. I’m backed by gold. Lol

    I bathe in the tears of single moms.

    #881843
    +1
    Joetech
    joetech
    Participant

    Money is just a score keeping system humans came up with to keep track of…what, exactly? If there were no money you would work at the grocery store for a few hours and take home a bag of groceries in exchange. We’d all be doing little odd jobs for each other and using the barter system. The IRS hates this because they can’t figure out how to tax it. As a MGTOW I find myself using the barter system more often than I ever thought I would. So, when the system falls apart and there’s no more U S of A I’ll be playing gigs for food and fixing broken equipment for shelter. F~~~ the gold standard.

    "Don't follow in my footsteps...I stepped in something."

    #881859
    Vajra Varaha
    Vajra Varaha
    Participant
    592

    I buy 10 – 50 grams of gold every month. F~~~ the usd. I’m backed by gold. Lol

    A wise man!

    #881860
    Vajra Varaha
    Vajra Varaha
    Participant
    592

    There’s not enough gold in the world to back all the “play” money that this government generates DAILY never mind ALL THE OUTSTANDING DEBT.

    Very true. The house of cards has to fully collapse. I’m just happy to see someone even tried to slip this bill into into the table. Will it ever make it out of committee? Doubt it. But I’ll be watching. Right now I’m also watching the Deutsche Bank debacle. Check out those derivative failures….

    #881889
    Monk
    Monk
    Participant
    12278

    Right now I’m also watching the Deutsche Bank debacle. Check out those derivative failures….

    Deutsche Bank is bust.

    Germany has spent too much propping up basket case economies in order to buy their votes.

    #882134
    Legendary life
    Legendary life
    Participant
    43

    Deutsche Bank, Italy bankrupt, Brexit side-show, USA vs china trade war, world debt 25 trillion, asset bubbles globally……no end of problems everywhere….how are you all diversifying your risk?

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