Gold- How Is Currency Related To It?

Replies

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  Kaustubh Katdare

  "Money is big fraud" - that should be the shortest answer to all the questions you've asked. I prefer to keep my mouth shut.
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  ISHAN TOPRE

  The_Big_K

  "Money is big fraud" - that should be the shortest answer to all the questions you've asked. I prefer to keep my mouth shut.

  I still don't get it. Please explain the logic.
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  Scorpion007

  may be below links will help you to understand the relation of gold and Currency
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  #-Link-Snipped-#
  
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  Kaustubh Katdare

  The gold standard no longer holds true. In fact, money is created out of thin air - by the banks. Imagine the world as 'banks' vs. 'people'. Bank gives you some money - say 100 bucks. You spend 50 and save 50 in the bank; with some interest. Now if the bank promises to give you 'interest', the bank is essentially generating money out of nowhere! Now, the economists will rush to tell me that a bank has finite reserves and it can't just give out money 'like that'. Explaining the whole thing is going to take lot of time. I wish I'll be able to summarise it in just few lines, some day.
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  Abhishek Rawal

  I won't pop much because if I will talk about hidden society then someone will come forward criticising saying "#-Link-Snipped-# or or #-Link-Snipped-#", but I will summarise in few lines -
  
  Money or Dead presidents or Green presidents have no relation with gold, currency is for "common-people", real wealth lies in "Oils","Coal","Monuments" & "Gold".
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  Kaustubh Katdare

  ...you forgot 'dreams'. They sell more of those every day. In fact, every commodity is a 'free gift' with the 'dream' that you buy, right? [Ex. The toothpaste is given free of cost for buying the dream of shiny white teeth & great breath that lasts all day long].
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  ISHAN TOPRE

  Friends, I am only asking that how is currency of a particular nation valued and how it is related to Gold. Please stick to the topic.
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  Ankita Katdare

  One awesome question (thank you for bringing it up) - and loved all the replies here! 😀
  I have been a follower of the Zeitgeist Video Series and I think you should really watch these two videos:
  
  
  
  and
  
  
  
  See if you dig out some answers in there. Also ask questions that pop-out because of that video.