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(BusinessWeek)   Time to get out your suspender barrels and hobo sticks: Republicans really seriously this time want to return to the Gold Standard   (businessweek.com) divider line 216
    More: PSA, gold standard, Republican, hard currencies, World Gold Council, inflation hedge  
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3248 clicks; posted to Business » on 26 Aug 2012 at 12:55 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-25 09:14:46 PM  
Paging William Jennings Bryan...
William Jennings Bryan, please pick up the white courtesy phone
 
2012-08-25 09:48:42 PM  
Ayn Rand Paul Ryan.
 
2012-08-25 10:55:50 PM  
They're all Glenn Beck
 
2012-08-25 11:03:51 PM  
We should tie our currency to a finite resource. A resource that is mostly held overseas (in the ground and by countries/investors). That is such a brilliant f*cking strategy. What could possibly go wrong?
 
2012-08-25 11:12:32 PM  
Return with us now, to those thrilling days of yesteryear...
 
2012-08-25 11:17:00 PM  

fusillade762: Ayn Rand Paul Ryan.


Quite the amalgamation.
 
2012-08-25 11:25:28 PM  

fusillade762: Ayn Rand Paul Ryan.


Love it. Take a bow.
 
2012-08-25 11:28:03 PM  
Because having no tools to manipulate our own currency would be awesome?
 
2012-08-25 11:30:57 PM  
Why not a manure standard? It's a consumable needed around the world, we can produce a lot of it, you don't have to protect it in a heavily guarded location, and if you redeem your money for it as an individual, we give you a trowel and a bag. No longer would we say our money isn't worth shiat.
 
2012-08-25 11:38:35 PM  

Makh: Why not a manure standard? It's a consumable needed around the world, we can produce a lot of it, you don't have to protect it in a heavily guarded location, and if you redeem your money for it as an individual, we give you a trowel and a bag. No longer would we say our money isn't worth shiat.


Not a bag, a basket.

To my knowledge, Ryan has not, in fact, endorsed a gold standard. He's too smart for that. Instead, he endorsed something that sounds better than a gold standard but is functionally identical. "The best way to guarantee sound money is to use an explicit, market-based price guide, such as a basket of commodities, in setting monetary policy," he wrote in the Wall Street Journal.
 
2012-08-25 11:44:37 PM  
It's the only thing that will actually deflate the value of Monster cables.
 
2012-08-25 11:59:39 PM  
Wall St. will love the gold standard. It's funny shipping tons of gold for the next M & A deal.
 
2012-08-26 12:00:15 AM  

The Beatings Will Continue Until Morale Improves: Paging William Jennings Bryan...
William Jennings Bryan, please pick up the white courtesy phone


luckily there are no courtesy phones down where he is.
 
2012-08-26 12:03:51 AM  

Bucky Katt: The Beatings Will Continue Until Morale Improves: Paging William Jennings Bryan...
William Jennings Bryan, please pick up the white courtesy phone

luckily there are no courtesy phones down where he is.


Cleveland?
 
2012-08-26 12:06:25 AM  

NewportBarGuy: We should tie our currency to a finite resource. A resource that is mostly held overseas (in the ground and by countries/investors). That is such a brilliant f*cking strategy. What could possibly go wrong?


I think they actually wanna go a step beyond that - eliminate the paper currency altogether. Paul Rand Ryan is apparently a huge fan of Atlas Smugged.
 
2012-08-26 12:06:39 AM  
What a bunch of farking retards.
 
2012-08-26 12:06:44 AM  
Anyone feel like reminding these farks that it was a REPUBLICAN President that took us off the gold standard because it was an out of date system unable to effectively operate in the modern world?
 
2012-08-26 12:07:20 AM  

MisterTweak: NewportBarGuy: We should tie our currency to a finite resource. A resource that is mostly held overseas (in the ground and by countries/investors). That is such a brilliant f*cking strategy. What could possibly go wrong?

I think they actually wanna go a step beyond that - eliminate the paper currency altogether. Paul Rand Ryan is apparently a huge fan of Atlas Smugged.


It's like Communism, but with more rape.
 
2012-08-26 12:11:20 AM  

GAT_00: MisterTweak: NewportBarGuy: We should tie our currency to a finite resource. A resource that is mostly held overseas (in the ground and by countries/investors). That is such a brilliant f*cking strategy. What could possibly go wrong?

I think they actually wanna go a step beyond that - eliminate the paper currency altogether. Paul Rand Ryan is apparently a huge fan of Atlas Smugged.

It's like Communism, but with more rape.


Legitimate rape, or .. whatever the other kind is? You know, where the girl gets pregnant.

*lightbulb*

They're going to propose we go to the Rape Standard. I'd say "we're screwed", except that would kind of be the crux of the problem, wouldn't it?
 
2012-08-26 12:16:45 AM  
I think we should go with the fetus standard.
 
2012-08-26 12:26:54 AM  
Bindle.
 
2012-08-26 12:41:35 AM  
*eyelid twitch*
 
2012-08-26 01:03:54 AM  
it appears many topics exist only to temporarily distract people from more important business.
 
2012-08-26 01:19:17 AM  
how the hell would that even be pulled off in this day and age?
 
2012-08-26 01:29:25 AM  
Lovers of Gold
Give All you own
To bats and spiders
and to moles

As branches fall
and Light grows thin
listless men
find their desires
Unfulfilled

I come to Warn
and to Inform
Earthly Kings
and Judge and Condemn

I overturn worlds...



- henry cow, 1975
 
2012-08-26 01:30:37 AM  

MaudlinMutantMollusk: Return with us now, to those thrilling days of yesteryear...


*insert William Tell overture here*
 
2012-08-26 01:33:46 AM  

KrispyKritter: it appears many topics exist only to temporarily distract people from more important business.


Yeah - just a bunch of stupid fringe GOP loonies sitting around and mindlessly debating monetary policy while Sarah Palin does all the heavy lifting by heroically leading the party through the Chik-Fil-A crusade.
 
2012-08-26 02:23:37 AM  
Finaly, Republicans are at a stage where Sarah Palin can be considered an intellecutal. By 2016 the withered and desicated husk of the Grand Old Party will have blown away, leaving the writhing amalgam of superstition and ignorance that will be come to be known as the Neo Know-Nothings.
 
2012-08-26 02:29:04 AM  

quickdraw: I think we should go with the fetus standard.


www.hamiltonbeach.com

"That'll be 7.42 fetuses. Out of 10? ....I'll be right back with your change"
 
2012-08-26 02:41:23 AM  
WTF is with that awful formatting when you start scrolling down? I hope someone gets fired for that shiat.
 
2012-08-26 03:19:37 AM  
USD backed by:

2.bp.blogspot.com
 
2012-08-26 03:57:55 AM  

fusillade762: Ayn Rand Paul Ryan.


Until you said it like that, I didn't realize there was a "Rand Paul" in the middle.

And that all you have to do to get Ryan from Ayn is get mixed up and add an R- to the front.
 
2012-08-26 04:19:51 AM  
I prefer a corn standard. Not sweet corn though. Popcorn.
 
2012-08-26 04:21:00 AM  
www.frumforum.com
 
2012-08-26 04:22:36 AM  

fusillade762: Ayn Rand Paul Ryan.


It looks like a human centipede of wrongness.
 
2012-08-26 05:33:53 AM  
Since when were farkers in favor of the current "print lots of money and give it to the banks for free" standard?
 
2012-08-26 06:15:06 AM  
Dutch tulip bulb standard.

At this point its value is beyond its usefulness. That = Inflated.
 
2012-08-26 07:17:03 AM  

BiffDangler: Since when were farkers in favor of the current "print lots of money and give it to the banks for free" standard?


Since most other standards are worse?
 
2012-08-26 08:02:24 AM  

GAT_00: Anyone feel like reminding these farks that it was a REPUBLICAN President that took us off the gold standard because it was an out of date system unable to effectively operate in the modern world?


Yes, NIxon did that. But to be honest the only reason that this move from gold was such a supreme disaster was because gold was not replaced with anything as the standard. Banks no longer had anything of value to trade between eachother. Just meaningless pieces of paper that used to represent something tangible and which no longer did. So they ended up trading in the only thing they had left...loans. Essentially that is how the gold standard was replaced by the debt standard, and as a result we now have an economy based on something with negative value.

Returning to the gold standard would be bad for our economy, that is true. But it would be worse to leave it as it is. We are headed down the exact same road as Greece, Spain, Italy, etc. The problem with economies based on negative value is that as each country collapses from debt the load gets bigger on the countries remaining. Eventually, it becomes a case of the last person at the table gets stuck with the check. The strongest country, the one that lasts the longest, loses the biggest. Bottom line is that they all collapse though.

A sustainable economy must be based on something that has positive value. It must be something tangible. It must be something either finite, or extremely difficult to get or produce. Gold worked really well, and would work again just as well once things stabilized. BTW, the US has more gold than most people think. It didn't take economic geniuses to see that Nixon was botching things up by doing what he did, and we have been quietly socking gold away ever since.
 
2012-08-26 08:19:39 AM  

tzzhc4: [www.frumforum.com image 298x245]


I've generally found that any time some sort of company or organization has to tell you that they're "trusted" or "respected" in the ad, they're not very trustworthy or respected.
 
2012-08-26 08:22:07 AM  
In the grim future there will be only bitcoins.
 
2012-08-26 08:28:31 AM  

GAT_00: Anyone feel like reminding these farks that it was a REPUBLICAN President that took us off the gold standard because it was an out of date system unable to effectively operate in the modern world?


To today's conservatives Nixon was a RINO.
 
2012-08-26 08:30:01 AM  
Perhaps Republicans can explain why they took the US off the gold standard in the first place.

/b..b..but Nixon
 
2012-08-26 08:57:18 AM  

The Beatings Will Continue Until Morale Improves: Paging William Jennings Bryan...
William Jennings Bryan, please pick up the white courtesy phone


Done in one, thanks.

Are the republicans trying to crucify mankind???
 
2012-08-26 09:12:51 AM  
www.morethings.com
WHUT WRONG WITH BONES? BONES WERE GOOD! GRUGG SAY GO BACK TO BONE STANDARD!
 
2012-08-26 09:15:31 AM  
www.thescifiworld.com
After me gold, are ye?
 
2012-08-26 09:18:51 AM  
AU hell no!
 
2012-08-26 09:18:53 AM  
The gold standard is no less stupid than the fiat system we have now.
As long as the Fed can steal as much money as possible, nobody will get hurt.
Make a move to marginalize the Fed and there will be blood.
 
2012-08-26 09:21:12 AM  

Tickle Mittens: Finaly, Republicans are at a stage where Sarah Palin can be considered an intellecutal. By 2016 the withered and desicated husk of the Grand Old Party will have blown away, leaving the writhing amalgam of superstition and ignorance that will be come to be known as the Neo Know-Nothings.


Neo Know Nothings. That is awesome.
+2
 
2012-08-26 09:23:36 AM  
It's alright. The way our banks work the gold would just be ledger entries with the understanding that no one will be allowed to withdraw the bullion. Then they can go back to creating as much gold as they need to.
 
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