Did you know that our word "SALary" derives from "salt"? That's because money used to be backed by all sorts of things: crops, silver, salt.
But most societies settled on GOLD. Until recent times. Now money is backed by nothing.
People like @SteveForbesCEO worry about that: pic.twitter.com/47o0zMgYRe
— John Stossel (@JohnStossel) May 21, 2019
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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I read the twitter accounts that blame Nixon for taking us off the standard. I would suggest that folks should go back to FDR and the date of o5-June-1933 when we officially went of the gold standard. Nixon simply put a period at the end of the sentence so to speak. This trip to socialism and one world order has been in the works for longer than most folks think. Wilson did the most harm by creating the federal reserve. If you desire more answers to the problem follow the money.
P.S., I did not like Nixon either.
Technically, the US citizens were FORCED off the gold standard by FDR, while the rest of the world was still able to redeem. The massive guns and butter programs of LBJ, so decimated the gold reserves, that Nixon felt he had no other choice (not that it was right). He stopped foreigners from being able to redeem, and essentially left the currency with nothing as a backing.
Backed by a massive war machine it is.
Technically the currency is backed by the force and violence of the US government that is used to STEAL the hard work and productivity of the American slave labor force though the mechanism of the income tax (and other taxes).
nailed it. ^
Indeed.
Not to mention a shitload of land grabbed by the FedGov. I suspect that’s what the “Globalists” are really after. Yeah, we’ll forgive all your debts, but your land belongs to us. Oh, we’ll rent it back to you, of course, for a small fee.
You mean like property taxes?? They already “own” it all if you really want to wipe away the bullshit veneer of deeds and the rest.
Mr. Liberty,
What group is the most free among us?
The deceased.
Although the Amish have a pretty good deal….if you don’t object to the absolute lack of freedom that comes from being part of that community.
We are all ultimately trapped within the confines of the mortal realm, where everything changes and everything living…dies. Too deep?
Damn, I thought I was blackpilled.
From what I understand, “Capital” comes from “capi”, meaning heads (of livestock).
It’s utterly wrong-headed to include silver in with crops and salt. While all of these things are valued based on the amount of energy it takes to OBTAIN them, only two represent a true contribution to wealth (well-being). WEALTH is the quality of being well, just as HEALTH is the quality of being hale.
But that Stossel is an idiot is widely known.
Gold and silver only represent energy exerted in the past; they don’t contribute to anything going forward.. in fact, they comport ongoing maintenance costs.
wish the -6ers would state their objections. How do precious metals contribute to wealth, exactly?
Maintenance costs on the gold coins buried in my back 40 acres are zero. As refined metals, they represent stored wealth – I agree that it costs energy to refine them. BUT, they also represent potential – so many linear feet of computer trace / contacts per ounce, so many feet of wire or corrosion-resistant coating per ounce, and so on. Gold is also a chemical catalyst for some reactions, and makes vessels for other reactions that stand up to operating conditions better than steel.
Further, colloidal silver is a biocide / antibiotic that microbes cannot build immunity to, and disinfects water. There are commercial / chemical uses for silver as well.
Silver and gold are fixed assets, negotiable anywhere. Fiat money is only good as long as the people believe it is – and constantly depreciates anyway. The loss of confidence in the dollar (I call it the Crunch) is coming – because politicians CANNOT resist the urge to “print to infinity”. Our current crop of idiots thinks 2% inflation per year is a TARGET – and should be shot for thinking so. Who thinks losing 2% of your purchasing power per year is desirable?
It’s time to demolish the FED, define the dollar as grains of gold and silver again and issue only so many paper dollars as the Treasury has gold to redeem them. We can be free of the madness only when we quit doing mad things.
While there are industrial uses for gold, I think the scenarios many of us are talking about are .. shall I say.. post-industrial, and that gold would be mostly limited to a means of exchange. There, I don’t see it as being very much different from FRNs or wampum: while it has greater properties of endurance, its value is negotiable, even down to zero. If I’m starving, I won’t give up a turnip for any amount of gold.
Pffffftttt. I say it’s a bastardization of celery… cuz it’s green.
The Fed never wanted our money backed by anything…
Stossel is an idiot. Go eat your pesticide, herbicide laden gmo food Stossel, it’s affecting your brain. Anyone advocating for that is bought off and brain dead. Fuck Stossel and his fake libertarianism. Or am I just looking in the mirror Hollywood Rob? No I am not, so fuck you too.