|
| Authored by: Anonymous on Friday, May 18 2012 @ 04:47 PM EDT |
> How do we take money back from citizens, from Oil producing
countries, from China, in a way to change the inflation factor we see
hurting us all today? It's all about people !
Set the price of gold to US$1,000,000,000,000 per troy ounce of gold, and
keep that fixed for one year. Thereafter, the price of gold can float, but
the United States Federal Reserve System has to have enough gold on
hand, to pay out all issued dollars in troy ounces of gold, at the current,
floating price of gold. If there is not enough gold to cover both the issued
and the outstanding coins and currency, then all vacancies in the
executive and legislative branch of the US government, and the agencies
they create, either directly, or indirectly, or fund, either directly, or
indirectly, shall not be filled for a period of no less than twenty five
years.[ Reply to This | Parent | # ]
|
| |
| Authored by: Anonymous on Friday, May 18 2012 @ 06:28 PM EDT |
To remove too many dollars you must induce deflation. A quick and effective way
to do this is to shut down credit markets. That's what nearly happened in 2008.
Then banks were petrified about lending to each other--who wants to lend to an
institution that's going belly up? "Not even overnight" was the
answer. And if banks won't lend to each other, they sure won't lend to anyone
else.
If that's unpalatable, you can always raise interest rates a lot. That's what
Paul Volker did in the early '80s. We had a nice little recession in
consequence.
There is no painless way to remove currency from an economy.[ Reply to This | Parent | # ]
|
- Deflation - Authored by: Anonymous on Saturday, May 19 2012 @ 08:14 AM EDT
- Deflation - Authored by: Anonymous on Sunday, May 20 2012 @ 01:06 AM EDT
|
|
|
