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Old April 25th, 2014 #59
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Joe_Smith's Avatar
Join Date: Aug 2012
Posts: 3,778

What will this future gold-standard currency using nation do when you need to purchase some extra oil to fill in production gaps from ? What's going to happen when prices explode because Peruvians or Ghanans, who despite producing very little in terms of innovation, commodities, or technics, will need oil for their Lamborghinis? (since pound for pound they produce the most gold in the world)

Sure, maybe you could argue, if that happens you invade them and take their gold (deja vu, now these colonial muds are flooding all our countries). But then by that definition, gold-standards don't reduce war, instead they make it even more prevalent.

The Murray and Friedman fans call me a nigger because I have some socialist beliefs. But it's you and Alex who are fixated on bling bling .
"The favorite slogan of the reds is: 'No Pasarán!: Yes we have passed! And we tell them...and we tell them, we will pass again!'"
― Benito Mussolini after the Communist capitulation in Barcelona