Comment

Weekly Standard's Great Idea of the Day: Go Bold With Gold!

134
Jocko's Rocket Ship7/14/2014 9:38:58 pm PDT

re: #133 austin_blue

The fact is, there isn’t enough metal, much less precious metal, to back up the currency of the United States.

((Fuck Gold! Let’s demand a Protactinium Standard! That’ll show ‘em!))

Really. This is just stupidity and should be mocked at every opportunity. These people are, at heart, Luddites, Ninnies, and Feebs. Gold Standard? Math is beyond their ken.

Let the word go forth on the Interwebs!

Yeah. The world bank via google says Japan has 3x more gold than we do. Russia has more, Switzerland too. China almost 10x more. So yeah let’s peg our currency to the stupid metal. Even if the stats are wrong, it’s dumb to base a currency on perception of a value beyond your control vs. perception (fiat) you can control.