The Gold Standard

If there was a switch back to a gold standard the top would have to call in all the Gold that was lent out into circulation currently.

How about this...I produce food...enough to feed you for a day...lets say for 5 dollars and decide to conficate $15 from you for it...

or I could just club you over the head and confiscate the $15

By consent or conquest folks...There is no escape...

The top will always suck from the bottom to the top...

The current Congress decreed fixed price of GOLD is $42.2222 a troy ounce...

Yes of course the speculative free market value is not static but dynamic so it constantly changes...

And the current US Dollar decreed by Congress is...

"The United States $1 Coin Act of 1997 was legislation passed by the United States Congress providing for a redesigned gold colored coin with a distinctive new rim.

The current "decreed" U.S. Dollar is...

"The Sacagawea Dollar is the current United States dollar coin. This coin was first minted in 2000 and depicts the Native American woman Sacagawea. The obverse was designed by Glenna Goodacre and the reverse by Thomas D. Rogers."

"Obverse design: Sacagawea with her baby
Reverse design: A bald eagle in flight surrounded by 17 stars (for the number of states in the Union in 1804 at the time of the Lewis and Clark Expedition)."

88.5% copper
6.0% zinc
3.5% manganese
2% nickel

But the free market mostly prefers electromagnetic polarity differentials on hard disk platters or Federal reserve bank notes...

Article I, Section 8.

"To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures."

Congress has the power according to the Constitution to arbitrarily fix or decree (Fiat) the standard of weights and measures in the USA...To coin money of the USA...To regulate the value of all coined money in the USA and of the USA.

Value of course being a measure.

(Given to them by a group of people called "We the people" supposedly on September 17, 1787 according to the date watchers...Signed by 39 of the 55 Philadelphia Convention delegates)

You against that? Then you are against the Constitution.

"I, {insert name here}, do solemnly swear, (or affirm), that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter. So help me God."

PERIOD END OF STORY...

Right now you are all basically assets...once the system implodes...the vast majority of you will transform into unfundable liabilities...

Meaning that entire cities will be liquidated to balance the books...There will be no debate...

You become trouble?...You and 1000's of people standing around you will be turned into splatter and chunks of meat...

Play time is coming to an end...