"He who makes the money - makes the rules"

[matrix]

America: Freedom To Fascism.

New film from Aaron Russo highlights the fact that the world is becoming controlled by the bankers that run the economies of the world - i.e. the people that own the Federal Reserve - the Bank Of England - pick your central bank..

Aaron interviewed here

I really hope this film makes it to release...

Should the central banks be shut down? - is the Federal Reserve a good thing??

Is it about time that US currency was actually backed with something like gold or whatever?

[ShakeZula06]

[ QUOTE ]
America: Freedom To Fascism.

New film from Aaron Russo highlights the fact that the world is becoming controlled by the bankers that run the economies of the world - i.e. the people that own the Federal Reserve - the Bank Of England - pick your central bank..

Aaron interviewed here

I really hope this film makes it to release...

Should the central banks be shut down? - is the Federal Reserve a good thing??

Is it about time that US currency was actually backed with something like gold or whatever?

[/ QUOTE ]

Maybe we should have listened to the majority of the founding fathers who over 200 years ago believed state run banks would lead to tyranny?

[BCPVP]

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? - is the Federal Reserve a good thing??

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No

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Is it about time that US currency was actually backed with something like gold or whatever?

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Yes

[Copernicus]

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? - is the Federal Reserve a good thing??

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No

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Is it about time that US currency was actually backed with something like gold or whatever?

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Yes

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0 for 2..not a great start.

[hmkpoker]

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0 for 2..not a great start.

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That's ok, people who don't understand economics can't be expected to count.

[Cyrus]

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Is it about time that US currency was actually backed with something like gold or whatever?

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Yes

[/ QUOTE ]What's so great about Gold? he asked expecting the usual litany about the intrinsic, eternal value of a yellow, shiny míneral. [img]/images/graemlins/smirk.gif[/img]

[hmkpoker]

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Is it about time that US currency was actually backed with something like gold or whatever?

[/ QUOTE ]
Yes

[/ QUOTE ]What's so great about Gold? he asked expecting the usual litany about the intrinsic, eternal value of a yellow, shiny míneral. [img]/images/graemlins/smirk.gif[/img]

[/ QUOTE ]

Remember a long time ago when I pointed out that some bartering mediums are better than others, and asked you what properties are necessary for a good bartering medium?

You never did give me a straight answer.

[Cyrus]

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Remember a long time ago when I pointed out that some bartering mediums are better than others, and asked you what properties are necessary for a good bartering medium? You never did give me a straight answer.

[/ QUOTE ]Bartering is the straightfoward exchange of goods and/or services, without using money. Humans have been using as Money various things in History. The qualities they look for, in the material to be used as money, vary but are mostly a marriage between practicality and symbolism. Gold is a solid mineral (a metal in fact) that is relatively hard to dig up and cleanse, so it can be considered as practical for such a purpose.

Then there is the symbolic aspect of the shiny, ultra-heavy, yellow, sun-like (hey, could be life-givin'! [img]/images/graemlins/smirk.gif[/img]) matter.

Gold did the job fine. But don't ask me about its strict utilitarian qualities! It don't hayve many! [img]/images/graemlins/grin.gif[/img] Gold simply carries, through its physical properties, a much more convincing symbolism than a small piece of colored paper with a coupla signatures on it.

Coins shoulda been pricier than bills, godamnit! [img]/images/graemlins/smirk.gif[/img]

[hmkpoker]

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Bartering is the straightfoward exchange of goods and/or services, without using money.

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Yet in all civilizations, some form of "intermediate" barter commodity emerged. Namely because, well, what if you have A and you want B, but the guy who has B doesn't want A? That ups the transaction costs A LOT. An intermediate form of worth is much more efficient.

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Gold is a solid mineral (a metal in fact) that is relatively hard to dig up and cleanse, so it can be considered as practical for such a purpose.

[/ QUOTE ]

What does that have to do with it's practicality?

[hmkpoker]

For people who believe the gold standard was responsible for the depression:

The presence of testosterone in males is what causes women to get raped. If testosterone production is artificially disabled, fewer women will get raped.

Does this justify mandatory testosterone inhibition?