I asked Google's AI why can't modern governments move back to the gold standard. What do you think ? Do we need a hybrid system or something radically new ? Gold Standard Pros • High price stability over decades • Prevents hyperinflation Cons• Regular, severe recessions• Vulnerable to bank runs and gold supply shocksModern Fiat System Pros• Flexible toolsets to rescue failing economies• Smoother, more predictable growth Cons• Risk of chronic inflation if mismanaged• Subject to government debt expansion The global gold standard effectively collapsed during the Great Depression of the 1930s, because the countries that abandoned it first were able to recover their economies much faster than those that held onto it.
Bitcoin backed fiat
>>544138088It needs to be tied to something finite and physical. The infinite money press is where we get in trouble. Idc if it’s tied to oil, coal, gasoline silver or even corn or sunlight but like cmon now
gemini slop thread
>>544138088NOBODY GIVES A FUCK ABOUT WHAT SOME AI HAS TO SAY HOLY FUCKBALLS. GO POST ON X NOBODY HERE GIVES A SHIT
>>544138557>>544138550Piss off, you contribute only garbage to every thread.
>>544138557No different from quoting from an Economy book. For descriptive shit, AI is good.
>>544138716You're replying to bots programmed to be anti"ai"I know I did it as well, however I want you to know what's going on.
>>544138480Whatabout time? 1 hour = 1 hour
>>544138088There's nothing wrong with it, the problem is that Jews are allowed to make it out of thin air at their banks and then governments have to borrow it, when it should be the reverse
>>544138088what happens when 99% of the gold is held by old people?
>>544138088The global gold standard officially ended in 1971.You can learn about the two competing theories by reading Keynesian economics vs Austrian economics. The government naturally chooses to have more power, but it destroyed the capacity for individuals to save and grow. You ever notice food and energy keeps getting more expensive?In 1971 the price of 1 kWh was $0.01 In 2026 the price of 1 kWH is $.015 Why is it 15x more expensive with all the technological improvements? Because they debased the currency terribly.The government isn't efficient, every time they print more money and bail out the jewish banks and niggers is another x% added to your own burden of just trying to survive. I linked a picture of a dozen eggs priced in BTC.Since Bitcoin is hard money like gold it keeps getting cheaper for food and energy. The government isn't going to just give the power back to the people you need to protect yourself. https://fred.stlouisfed.org/graph/?g=PUbY
>>544138480Do you know how Germany's 1923 hyperinflation of the Papiermark was solved ? The Papiermark was goldbacked but Germany gave away all its gold for WW1 reparations, hence the currency lost its value. They created the Rentenmark, currency back by Germany's physical land, agricultural and industrial. , a holder of Rentenmarks could theoretically exchange them for a tiny piece of physical German real estate.
>>544138817Thx
>>544138088whatever you do, DO NOT under any circumstances ask the AI what would happen if we were to move back to a labor-backed money standard rather than a gold-backed one, and what happened to the local economy the last time a country tried that. DON'T DO IT
>>544138557This.
>>544138557AI posting should be a bannable offense
>>544140365 History's Grand Experiment: The Cincinnati Time Store (1827) ? Kek. Never heard of it, thanks. I'll do a deepdive
>>544138088Fiat can and has worked at various points in history, but its issuance has to be responsibly managed as to avoid inflation (devaluation) and deflation (hoarding). Colonial scrip brought the early US colonies into prosperity until the Bank of England outlawed the colonies ability to issue their own currency, which Ben Franklin believed was the main cause for the Revolutionary War.The Tally Stick System was used in british monarchies for hundreds of years. Notched pieces of wood could be used to pay taxes, and were issued in proportion as to makntain their value. The wood pieces were impossible to counterfiet, as each stick was split down the middle - one half was circulated, the other half stored as a record to compare to.Gold is scarce, and a large percentage of all known gold (one-quarter to one-third, maybe more) is said to be owned by large banking families - Rothschilds, Warburgs, Schiffs, etc. Large sums of gold can be dumped into circulation to rapidly diminish its market value, allowing for price manipulation. The same families can then scoop up even more gold at new lower prices.Fractional Reserve Banking, the practice of banks issuing amounts of currency in the form of loans that exceed the physical quantity that they have in reserve, creates more currency out of thin air. With a 10% reserve requirement, banks can issue a $1000 loan with only $100 in its "vault". Where did that extra $900 come from? Nowhere - it sprang into existence at the stroke of a key on a keyboard.This practice started hundreds of years ago when goldsmiths realized that hardly anyone would ever collect all of their gold, and they could issue paper reciepts (IOU's) in amounts that exceeded their actual gold reserve - until people caught on and they would be expelled.Inflation of the US dollar and our ever-increasing national debt will continue until Congress takes back their ability to issue currency from the Federal Reserve and fractional reserve banking is outlawed.
>>544138088No Satan modern economies gold coins and silver coins are not the gof standard with paper issuance as promise there is nothignadsncement about them
>>544138088Wrong fiat is not flexible fat nonhuman retarded one you protocols of zionsh spewing muh false economy crap
>>544138088Daily reminder international transactional finance capital cbnot fujing exist why out modern modes of fraud and it's based on a. Turkic jew Sanhedrin pile of crap from the 15th cntury
>>544138480All systems are corruptible. The fight is against corruption. aka, the jews.
>>544138833Can't trade it. Although, I remember the film "In Time" which explores the idea (it's shit).
>>544138088The gold standard is an obsession of NPC retards who totally misunderstand the actual problem.
>>544138088Complete utter bullshit and each one has a solution. For example an exclusive gold standard is wrong, the constitution says a bi metal standard, gold and silver, so you won't have continued deflation because kikes hoard all the gold while the population is growing, silver is abundant enough and then the next step is copper. Also, banks should not be able to control market corrections and go against them, if there is a period of deflation then that is the market naturally working and things sort itself out, why should the banks be able to print currency at will that the rest of us have to work for and force us to go begging to the banks for currency and allow them to enslave us via interest? All of those issues have already been dealt with, they all have solutions which is why after confidence is lost in governments, the market naturally reverts back to gold, silver and copper and you enter the golden age of civilization once again in which usury is not the basis of the civilization and the incentive is no longer everyone forced into thievery and deception because they are not continually being stolen from at the source of their labour. Jesus Christ, if anyone can't think beyond the reasons given there, they are goyim.
>>544142596Can I be the devil's advocate for fractional reserve banking ? They're not printing more money, because when you pay that money back it's taken out of the market and erased from their accounting book like it never existed.
>>544142596>Notched pieces of wood could be used to pay taxes, and were issued in proportion as to makntain their value.What AI juice are you drinking? The sticks were used for private debts.I'm imagining your tax collector bringing an oxcart of sticks to the counting room, dumping them on the floor, and then some slaves run around to try and find the matching halves in the government brushwood storage, so as to prevent fraud.
You know what FIAT stands for?Fix It Again Tony!
>>544138088The current US monetary system is the best that has ever existed and if you try to change it chances are you will only make it worse. You Austrian gold jews get moged everyday by the Goy Kenynes and his fiat, even all the top jews have had to acknowledge this fact. Your problem is that you keep voting in incompetent people who are just there to take advantage and parasite off the system. The fact that the dollar is still king even after a hundred years of jews and Niggers sucking the life out of it proves how brilliant the system is. And maybe that would be the only criticism I could find about it "it works to good that it allowed parasites to get fatter than ever while still producing unprecedented growth ". Goyim should learn how to pick leaders better and should not fuck up one of their best innovations.
>>544138088>Recessions deeper and longerFiat money printing is the economical equivalent of kicking the can down the roadSaving the economy during the downturn at hand has a cost that will have to be paid at some pointThat comes when the whole system collapses because it cannot contain these kike manipulations any more and the result is so severe that it destroys everything. Maybe forever. We don't know.They prefer that to having some business owners and banks get fucked for their bad decisions in the moment of crisis.They are fine with future generations getting MEGA FUCKED if it means they are okay for today.YOU DO NOT HATE BOOMERS AND JEWS ENOUGH.Also, AI is fucking retarded and should have told you something similar to what I just did.
>>544143749Fucking kek
>>544138088It's because jews can't print infinite gold for themselves
>deflation leads to unemploymentWhy?
>>544143408You can only and exclusively trade it.Jews use fiat to rig the trade.
I wouldnt really get a modern one. If you want a fiat go with the original.
>>544144569People hoard money. Things will be cheaper in two weeks than they are today so people wait to buy things. That slows down the economy, companies don't make profit, they have to fire people. On the opposite spectrum of the pole you have hyperinflation, the moment people get money they buy anything because their money loses value by the hour. Two historical cases if you want to deep dive Us - the great depression 1929-1933 (deflation) vs Weimar Germany 1923 (hyperinflation).
>>544143451I really like the idea of the currency being pegged to a combination of metals, in your scenario gold, silver and copper. The biggest problem I see is that the majority of mines are in 3rd world countries, if Ngubu does a military coup in bananarepublic nr.2, your currency will be negatively affected. Maybe this would work for China, seeing they have a monopoly on rare metals
>>544138088Dude, even AI is legit smarter then that neoliberal pedo retard that we have for PM in Canada, who still thinks "money printer goes brrrr" is sound economic strategy.
>>544145396Pegging doesn't work when the economy is growing. You want to expand the monetary base (otherwise people freak out about deflation), and can't because some niggers don't mine you precious stones at the rate you need.Hold that idea until techbros bring back feudalism. When the world is stable, you can use gold or bitcoin or whatever.
>>544145579Yeah, that's one of the big issues when it comes to modern economies.
>>544138088Capitalism, socialism (all flavors), communism, and all other “-isms” are all derivatives of judaism.They exist for the sole purpose of inflicting central banking on a target population.Fiat currency is fake money that steals from everyone who is not the banker.
>>544138480Tied to oil is what caused this mess.Oil has gotten cheaper in real terms, which has pushed the rest of the economy into a race to the bottom and enabled the printing.Oil is still under $200/bbl, and yet everyone is upset that wages are too low.
>>544138088>Gold Standard > Pros >• High price stability over decades • Prevents hyperinflation> Cons>• Regular, severe recessionsREGULAR, i.e. mostly predictible>• Vulnerable to bank runs and gold supply shocksWhen banks cannot be trusted, people should have the option to stop giving them money.>Modern Fiat System> Pros>• Flexible toolsets to rescue failing economies'ECONOMIES' is code word for jew owned limited liability companies.>• Smoother, more predictable growthAmong the jews and their pet golems who run the system.> Cons>• Risk of chronic inflation if mismanagedRISK???IF???Fiat currency IS mismanagement.Inflation is an inherent property of the Ponzi scheme necessary for the bankers to pull off this scam.
>>544143607The principle is yes, but the interest is not. And the compounding nature of interest means the total money supply must grow exponentially on an infinite time scale. Besides that, most debt is not paid down it is rolled over, which furthers the embezzlement.
>>544138088>I asked Google's AIThat's very nice honey I'm sure you had a great time. I'm not doing second hand interactions with bot slop though.
