The US Dollar should NOT be backed by gold.

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PostMon Nov 01, 2010 3:53 am » by Truthseekerx

The US dollar should NOT be backed by gold because that would make money scarce. Silver or something else more plentiful is better, but the most important thing is not what backs the dollar. The most important thing is WHO controls the quantity of money in circulation, as this video explains:

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If you are a Ron Paul supporter, do you think Ron Paul would agree? Read this Q&A to find out:
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PostMon Nov 01, 2010 5:39 am » by Absolute

Good video, it shows that America has been high jacked since the 19th century.

Does anybody know who controls the Canadian central bank? same money interests in Europe?

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PostMon Nov 01, 2010 9:16 pm » by Elhoff

It is all controlled by the Bank of England, at least that is what i understand.

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PostMon Nov 01, 2010 9:38 pm » by Zmonkey

The only thing that makes a raw material more valuable is the the addition of human labor. Gold should not have an inflated value because its precious. The new economy should be based on labor, and refined metals store that labor. Not just precious metals like Palladium, Platinum, Gold, Silver, Rhodium, Indium, and Germanium, but also mundane refined metals like Copper, Beryllium, Iron, Aluminum, Molybdenum, Zinc, and Lead can be used to stabilize the value of money. We can also throw the rare earths into this mix like Neodymium, Samarium, Promethium, and Thorium.

Any refined material substance will do, just so long is its not based on paper or bits in a computer. We should also develop ways to quickly assay the materials to assure that they are genuine, to prevent situations like the Gold plated Tungsten bars. If those bars were properly tested for density then that situation would have never happened...
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PostMon Nov 01, 2010 9:57 pm » by Taintedsample

Yes it should. We wouldnt be sitting with as big a mountain of debt.

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