Obama Has Dictatorial Power To Confiscate Europe’s Gold
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This arrogant asshole is why the system is phucked….”you might not like the answer”…puhlease…a lawful currency is one based on individual production, not some “hard asset” that can be stolen….the crazy poart is that people actually buy into this mainstream bullshit…good luck with telling the Chinese we just stole your gold…uh yeah, good plan dipshit. I would have more respect for someone rattling a saber if they actually had one to rattle…wow, such insolence, kt
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@trexx32 yeah, and the crack addiction isn’t helping them either…too true
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And they said I needed a tin foil hat being a Ron Paul follower but listening to these folks, PHEW!! Buy all the metals, gold, silver and LEAD!!
Ron Paul 2012!!
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unreal how stupid yanks are, rickards is the only guy talking sense with utter nonsense spouted the other retards
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Did Becky have botx or something done? She looks stupid now. She used to be a normal looking person and then she had to get work done like everyone else. Women!
Rickards is right, the tools on TV are wrong. It’s pretty much that simple.
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WOAH! Europe has it’s good inside the U.S? i know that FDR confiscated all the gold of U.S citizens, but too confiscate the gold of foreign countries? Does anyone know where Europe’s gold is located and the receipts?
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Hey, European sheeps, stay calm and don’t ast for your gold !!!
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There is no value in gold! The only value is the past labour of people or the promises of labour in the future. The first is capital the second is credit – what a load of shit saying that paper or metal has any value. Who has the most labour power is all that is important after all. Does this guy not know the the story of King Midas?
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Gold does not oxidize. As such, if you buy an ounce of gold when you’re 10, you’ll still have an ounce of gold when you’re 50, or 100 or 1,000,000.
THIS is why it’s used as a backing–or medium–of currency. It NEVER loses it’s value.
A ’67 Camaro cost $3,500 new. Today’s Camaro will cost you $55,000.
In ’67, it’d cost you about 1200 ounces of gold. Today’s Camaro would cost about 32 ounces.
Everything is more expensive because the dollar is WORTH LESS.
No “spin” there, just facts.
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is this guy insane?
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is this guy insane?
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Hey guys, you know what else never decreases in value?
Real Estate.
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@IronicallyVague not just gold but central banking is the main problem as well.
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@YourOasis97 – It isn’t the Bankers or Governments fault, they are inherently dishonest and are only acting like they are expected to act …
This is the fault of the people for not forcing the Government and Bankers to audit, analyze & publically list their accounting (as well as allowing the Government to take the USA off of the Gold standard.)
It’s much like were allowing a 15 year old teenage boy to baby sit our 15 year old teenage daughter and then wonder what went wrong
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@IronicallyVague maybe so but what do people know about government or how it should be? it is the government’s fault who controls the education system and the media for using the dialectic process and making people choose between two options and not letting people think for themselves.
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@YourOasis97 – That’s why I’m in favor of taking the country back to the Constitution, it’s that or total chaos and civil war
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@IronicallyVague I agree. I hope it happens and if it does, sure there will be disagreements as always but the essentials and the basics should always be there.
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@TheRealElectroPig That’s not true at all. If more gold is mined, then the value of gold drops. Its value is based on its rarity.
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” if you peg your economy to gold how does the economy grow” how did it grow in the past you moron! Because there wasn’t a debasement of the currency so people wanted to invest in a country that had little currency risk. What a moronic statement.
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@2011rcm The economy still grows, the value of the Gold just grows with it. At which point you would have to lower the value of gold based on GDP growth accordingly so that the value remains stable. This is reverse valuation compared to what is happening now, where the currency is devalued (actually devalued) and it gives the appearance that gold is gaining value. Remember, real value is what people produce, real labor. When real labor outgrows gold, gold loses value, but wealth is preserved.
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@imingzee Thanks for the astute analysis.
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@liOVERLOADil You would think that…but the fact is, it is a COMMODITY these days, and since it is used in almost every industry today, the supplies are getting smaller.
The value of gold can be maintained–even if the supply doubled OVER NIGHT–by the same methods used to keep “inflation” devaluing all of the world’s currencies.
When you look at the bigger picture, you’ll understand what I mean in greater detail.
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@TheRealElectroPig The value of a commodity is based on scarcity.
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Stand for World Equality.
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Stand for World Equality.
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