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[–] Whitemail 1 points 26 points (+27|-1) ago 

This is anti-semitic because it frustrates Jewish bankers.

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[–] 13014304? 2 points 25 points (+27|-2) ago 

It won't matter if the government won't actually provide physical gold on demand of exchange. Paper gold is worth exactly nothing.

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[–] MyDrunkAccount 0 points 24 points (+24|-0) ago 

Meh, this bill won't get further than the height of the ink printed on it.

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[–] SChalice 6 points 4 points (+10|-6) ago 

I agree. There isn't enough physical gold in the world to account for all the dollars floating around which makes this bill non-sequitor.

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[–] SyriansAreTerrorists 2 points 3 points (+5|-2) ago 

And trillions of dollars have been printed since Bretton Woods ended to prop up the petrodollar. If people actually came to cash in for gold the whole financial system would collapse. I doubt we could even support 1% of our printed money with gold nowadays.

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[–] Foundation2 0 points 2 points (+2|-0) ago 

Why? How do you know what the gold/dollar rate would be? You don't.

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[–] BB-3 0 points 0 points (+0|-0) ago 

(2) Federal Reserve Banks shall make Federal Reserve notes exchangeable with gold at the statutory gold definition of the dollar.

I don't know where you got the idea that's not in the bill.

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[–] 13018153? 0 points 0 points (+0|-0) ago 

It depends on what "gold" means, and in practice I expect that would just be gold certificates.

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[–] TheRuralJuror 2 points 16 points (+18|-2) ago 

Lots of great free material on mises.org for those who want to educate themselves on the gold standard:

The Case for the 100 Percent Gold Dollar - Murray N. Rothbard [PDF]

What Has Government Done to Our Money? PDF, eBook, Audio Book

Will be keeping an eye on this bill!

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[–] RaptorJesus 1 points 11 points (+12|-1) ago  (edited ago)

"Gold is the currency of Hebrews, fiat is the currency of goyim, credit is currency of slaves."

----Some Zionist rabbi

We have to get rid of the money as debt system put in place by central babker Jews. It is the only way to be free.

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[–] whereisthemountain 0 points 4 points (+4|-0) ago 

Raptor Jesus speaks the truth.

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[–] Morbo 0 points 1 points (+1|-0) ago 

Raptor Jesus. He killed for our sins.

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[–] un1ty 1 points 10 points (+11|-1) ago 

Fuck the nay-sayers - this is AMAZING.

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[–] whereisthemountain 0 points 2 points (+2|-0) ago 

THIS, Best news since the introduction of the Greenback.

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[–] SyriansAreTerrorists 0 points 1 points (+1|-0) ago 

What about the bareback?

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[–] Skyrock 0 points 9 points (+9|-0) ago 

It will always remain a mystery how Democrats and Republicans suddenly decided to stomp this bill out in a bipartisan effort.

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[–] Merlynn 0 points 5 points (+5|-0) ago 

The problem isn't paper money. The problem is new money comes with debt already on it.

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[–] EyeOfHorus 0 points 0 points (+0|-0) ago 

Which could only happen with "paper money"

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[–] Merlynn 0 points 0 points (+0|-0) ago 

No,they can mint gold coins just as easily and "loan" that out too with the same effect. You might have a gold coin,but you'd owe a gold coin plus interest.

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[–] Drkadrka 1 points 4 points (+5|-1) ago 

So what... A dollar is worth .075% of an ounce of gold?

Until when...the next day when the Fed creates more money out of thin air and now suddenly a dollar is worth .05%?

It doesn't work unless you have the gold on hand to cash everyone out for every dollar in circulation.

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[–] Locked_Account 0 points 0 points (+0|-0) ago 

You know how else it don't work? When another army rolls in and takes the gold. The gold you can keep is the only gold for any standard, and military power to protect that gold is the real value in play. The US Dollar is not a fiat currency, it is backed by the hot lead standard.

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[–] Alopix 0 points 0 points (+0|-0) ago 

Or the bankers holding all the gold dump and the dollar becomes worth 0.075% of fuck-all

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[–] Flour 0 points 0 points (+0|-0) ago 

Shh... don't look behind the curtain.

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