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I heard a statement from Peter Schiff yesterday and I’m having some trouble thinking about it. The average Ford worker in Henry Ford’s era (1914) earned approximately $5 per day in wages – the equivalent of 1.25 ounces of gold per week. The average Ford worker today earns approximately...
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http://www.economicpolicyjournal.com/2011/08/case-for-25000-per-ounce-gold.html I came across the above link (article text below) on Robert Wenzel's site yesterday. My comments are in bold & italics. I'm hoping some people will want to address my questions or make additional comments. Gold...
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Hypothetical question : If the US Treasury/ Federal Reserve were to make an announcement saying that the US will never be returning to the gold standard (and fiat currency were permanent), and the Fed would no longer hold gold in its vaults, what would be the impact? What would be the attractiveness...
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I saw this on an anti-Ron Paul site today. Some marxist said if America goes back to the gold standard it would either have to buy up all the gold on earth or it would have to find a way to take money out of circulation in order for the amount of money to equal the amount of gold. Is this true?
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By the looks of it, the economy is only going to get worse (part of the reason why I'm taking up a survivalist platform and buying gold/silver and learning primitive/hunter-gatherer skills). When do you think it will collapse for good?
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so I've heard a lot that you can't use gold as money, that there are legal obstacles to using it. can anyone point me to a source that demonstrates and confirms this? I have not been able to find one. thanks
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Paper money is on its last legs. The American dollar will collapse any time now and become worth less than toilet paper. My question for everyone is: what will do you once the dollar is finally toast? Did you buy enough gold and silver to provide for yourself? For me, I'm trying to put as much of...
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Is it more moral to use gold and silver as money than it is to use paper? I believe fiat currency is immoral and anti-philosophical. How would you make a moral case for gold as opposed to an efficiency case?
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I have a feeling that there may be a societal collapse sometime in the near future. I don't just mean the American dollar being devalued to the point of toilet paper but a full-blown collapse. Knowing how the FED keeps destroying liberty and seeing things like the food crisis and overpopulation I'm...
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In " Return to Honest Money " ( http://fofoa.blogspot.com/2011/05/return-to-honest-money.html ), blogger FOFOA discusses the idea of Freegold in the context of some writings from prominet Austrian School economists, focusing on Mises, Menger, Hayek, and in particular Mises' ideas regression...