Oh this is a good one. Let us remain calm and remember we are friends.
#1) Well this question has gotten way off track but I like it, this direction will be more fruitfull.
since you are so against the rich, I assume you are not rich, (me either, ) so ...................
How would you revelutionize this country back to the way it should be if you had money to work with like you said?
You did not answer #2 Are you for the way the government was set up, or are you for a Direct Demacracy? Exactly how many things should there be referandum for.
#3 Now this one my friend made me laugh. ITS OUR GOLD AND WE WANT IT NOW, in the style like JG Wentwryhs commertials. I can just see it now, Thousands lined up infront of the white house, with thier picket signs, and then here comes Mr. Wentworth on the back of one of those old timey flatbed trucks. wanting to get you settled up. ok 147,200,000 oz of gold divided among 314,000,000 citizens would be .4687, hell lets just call it 1/2 a oz per citizen for fun. $1,781 a oz. hell yeah thats like $890.00 a citizen. Considering roughly 35+% of people pay no taxes that would be a landslide to them. Of course most of them already get a landslide with unearned income credits, stimulous plans and grants. but hey Every citizen should still OWN thier $890 dollars worth of GOLD.
At this moment, I think that this is about like saying that the $780 dollars in food stamps, the hundreds in wic vouchers, and the medicade, my neighbor gets every month is a a slice of what I personally paid in last year in taxes.
Here is a good chance to teach me something new. You said,
"you have told others to do their homework, well my friend, i think you need to study this a bit more before concluding."
I have done my research many times on this, I hope you can specifically tell me what I missed. So let me do a refresher course, with some math.
You can help me come to a conclusion on the real value of such said OUR GOLD. I hope you take the time to read all of this before we do any more concluding on it. Yet I find myself strangly entertained by what your thoughts may be.
Anyone who has done any research would know that the gold is now on the Federal Reserve Balance sheets, The federal reserve is a Private bank, that the US government works with not through. I am of the opinion, That even when our money was backed against gold, a dollar guaranteed the bearer a dollars worth of gold. The ownership of such gold is the question, HHmmm, how many of those notes do you have? I would like to extend an offer to you, I am interested in buying them. anyways. oh yeah the ownership of all the Gold. It personally being Literally, or metaphorically the individual persons. I would like to know your opinion on if the Gold was the peoples or the governments.
Even though we are the people, and the government is of and for the people, They act in proxy of us. And make decisions by our proxy votes. In the eyes of the constitution, They are we the people, and make decisions everyday that are legal constitutional decisions.
Has anyone ever questioned why we left the gold standard?
I believe, and it is opinion only.
In early 70s US was on the brink of literal bankrupcy on the gold standard.
East germany left the Bretton Woold system of Finance, That for people who dont know was the system of 44 countries that all agreed to be on our Gold standard, So they could all equally trade with each other, as in imports and exports and the like.
Anyways East germany left it for thier own Fiat system (like we have now)
Problem was, we had borrowed more from many countrys than we had the Gold to pay for,
So, THE PEOPLES GOLD, was owed to more places than there was Gold,
the PEOPLE had spent more in vietnam than it had.
Those loans were in US currency value, and we being called in.
In between 1969 and 1970 the gold coverage fell from 55% to 22% with loan payments comming due continuoisly.
The government had to do something, as the fears were comming to light
Many other countrys were contemplating thier own kinds of monetary systems.
We could only back 22% of the money owed with gold.
What choice did they have to correct their mistake,
They had to change the system, to make good thier debts and to have the money to opperate.
The plan was to pay off the debts, and then rebuy the gold and return to gold standard.
What the hell, they unleashed another force that had not been planned on. Smart people began using thier money before inflation took over, and started buying thier own gold. lets be honest, anyone whom had say 100 dollars could still buy Gold on the market, at that time for the value of the gold, hehehehe, thats what made the value of Gold go up. Hello, it was only the release of the private ownership of Gold in this country and all the others, that opened up the free market of Gold and allowed it to go up to the value that it is now. If we had stayed on the gold standard gold would not be worth so much as the demand for it would be less now wouldnt it.
Gold in 1970 39 a ounce 71) 45 72) 64 73) 107 83) 380 93) 392 today $1,781 a ounce
OUR gold was sold to the Federal Reserve, a private bank, to pay off our loans, Since we didnt have enough gold to do anyways, when we switched to a Fiat system, It takes a surplus of money to buy it back, something we all know The US has not had for a long time.
Lets put the boot on the other foot.
Other countries owed us money, the debts are called in, our social system is dependent on that money. If we dont get it, there will damn sure be revolts, and uprisings by the 7th as noone gets thier checks and foodstamps on the 1st. but those other countries say blow off. what happens to us.
We find ourselves in a situation exactly like the one that allowed WWII to begin in Germany, they were broke and desperate. 1970 WWII was still a fairly fresh memory, Most people whom had faught there only being 50 years old. The fear of returning to that desperation, what choice did US they have but to be able to pay thier debts to the countries they owed?
Was it the right choice, Looking back I would like to say I think not, but have been unable to come up with a better solution to the near world problem, that US had made in thier borrowing practices. That US has historically kept making ever since.
You say,
"btw, what would it matter?
no gold=America totally broke, 17 trillion in debt, you do the math on the outcome. "
1) I say, we were broke the day we had to borrow money to pay a debt. its just that simple. when all you can do is borrow more money to pay the intrest on money you borrowed you are broke, Hello, anyone whom knows the deficit knows this has been the case since 1950 atleast.
2) since we are no longer on the Gold standard it does not matter if it is there or not...........or are you insinuating that it should be sold to pay the debt, which if you are you could not complain if that is what they did at the time. now can you.
3) 147,200,000 oz of OUR gold in Fort Knox 1970, (if its still there) multiplied by the $1,781 that it would be worth today.= 262,163,200,000
UH WELL that looks like 2 hundred and sixty two billion to me. Which is roughly, lets see 4x to make 1 trillion so we owe 17 trillion 4x17 is 68
So it is fair to say it would take (safe side) 60 of the most gold WE THE PEOPLES gold supositorys to pay the debt. Yes 60 times more gold than we have ever possessed. If your #s dont mesh with mine I would like to see them.
4) I did the math, I did it before a long time ago, thats why I have so many conexes buried. I see the outcome if its there or not its a drop in the bucket. I see the outcome coming, I know what will be the end of days if nothing else gets us only first. What I see is logically irreversable, and 100% feeding on itself.
4) Its obvious now its put in perspective isnt it. America is totally broke, and is why more Guests should register RIGHT NOW, so they can begin to prepare for what is comming.
I know this was long, I hope it was enlightening to those that suffered through it.
