https://www.congress.gov/bill/115th-congress/house-bill/5404/text

Trump and Co. about to get JFK'd

I need an explanation

Did JFK try to tie the dollar back to gold?

Yeah, that’s a bit confusing

JFK fought the fed

>moving back to the gold standard
Can't wait for our economy to crash

Benis

It already is

So it actually doesn't matter.

I pulled out all my stocks, everyone I know has too.

Yeah, but it will be way worse. Every time a country has gone back onto the gold standard, they suffer an economic collapse.

That's because globalist interests have pushed this ephemeral fiat bullshit to create literally worthless debt bonds as the world currency.

I'd rather the economy crash and be rebuilt on the tried and true material currency system than crash and be rebuilt as another fiat debt treadmill.

Nothing wrong with fiat, the problem is private banking and interest on loans. Gold standards, however, are a universal failure at this point. That was the primary cause behind the Great Depression.

That's patently false.

The Great Depression was a result of standard boom-bust spending cycles exacerbated in the 20's

Spending went through the roof while economic growth didn't

Largely driven by the lack of money supply.

It was a basic "spent more than you actually had"

Yes, which is not a problem of material currency

Fiat currency is literally worthless

You print it to meet demand and in the process, it devalues to nothing

No it isn't because it has the power of the state backing it

Which is why fiat currencies are always tied up in corruption and bullshit

Hyperinflation only happens when you do something retarded or are beholden to foriegn pressure.

Which is, oh let me see, always.

You can't hyperinflate a material currency

Not realistically

No, not always. I mean specifically in cases like Weimar Germany.

Every economy going back on the gold standard has an economic crash.

This happened all across the world after WW2.

I wonder why, going from debt treadmill fiats to actual money with value

It's because sovereign fiat is far superior for a good economy

So what's the value of a fiat.

What is the actual value

How much does cotton paper and ink cost?

It's like the penny costing more money to mint than it's worth because reasons

The value in fiat comes from the state. It's what the state does business in, and it's what the state demands in taxes.

What is the value