Ever see an old abandoned gas station lot sit unoccupied for years and years and wonder why nobody buys it? These tanks are why. To build something new on the land, you have to remove the tanks and clean up any spills. It usually costs more than the land is worth.

Walgreens found an “interesting” way of using these properties. They get a 99 year lease, which means they can just pave over the land and leave all the contamination right where it is. The land owner will still be responsible for cleaning up the mess in 99 years, but they’ll be dead so they don’t care. Who cares if the people living nearby have unusually high incidence of cancer, right?

fiat currency which is literally just paper we are being convinced is valuable

Only idiots who don’t understand fiat currency think this. The paper is a medium of exchange. It allows determining things like how many chickens are an even trade for a cell phone.

If the golbal reserve currency of the world is no longer backed by gold then what incentive do the economies of any other countries have to back their currencies with gold which would just allow citizens and foreign nations to pilfer their supply with no resistance from the aristocracy.

So you recognize that gold based economies are inferior and can’t survive alongside a better alternative. Thanks for proving my point.

Bitcoin is not backed by nothing

So show me a picture of a bitcoin. What element or elements comprise a bitcoin?

The increase in US national debt since 1971- $400 billion to 36.2 trillion

The highest tax bracket in the 1970s was 70%. Now it is 37%. The debt has nothing to do with gold and everything to do with taxes being too low to sustain our spending. The rich do everything they can to not pay their fair share.

Oh sure. The water contamination itself is horrific, but it doesn’t stick in people’s mind as well as random buildings exploding.

Gas stations keep their gasoline in underground storage tanks. Sometimes those tanks leak. The spilled fuel will spread on top of the water table. What happened before the EPA regulations is this gas would seep into basements and crawl spaces. The fumes would build up until something like the pilot light of a furnace was enough to ignite them. Then boom, the building would explode.

That’s the trick though. Contempt of court isn’t the same as breaking a law and doesn’t have the same restrictions. For example, a person can be held in jail for contempt indefinitely without trial until the person yields to the demand of the judge. This sometimes happens to people who refuse to pay child support that the courts know they can afford.

The reason no country currently backs their currency to gold is primarily because central banks control all the currencies

You are making the same logical mistake again. Every central bank on the planet is not in on a global conspiracy to control they economy. That is insane. If the gold standard worked better, someone would still be using it. It is simply inferior.

You can still trade currency for gold

I’m the same way you can trade currency for Beanie Babies and Elvis commemorative plates.

the us dollar either needs to be deflated intentionally

Deflation is catastrophic to the economy and causes a downward spiral. People don’t spend because their money is worth less, so businesses close which increases unemployment which makes people unable to spend, further weakening the economy.

developing a new blockchain based stable coin or just adopting bitcoin

You hate cash because it’s not backed by anything but you want Bitcoin? WTF.

Cryptocurrency exists for one reason - to make exchanges of money more difficult, if not impossible to trace. That is the exact opposite of what the government needs to function.

compare that to the 8400% increase in the value of gold since we ended the gold standard and it speaks for itself.

About half of the gold ever mined by humanity has been extracted since 1970. At the same time demand was decreasing since governments were no longer hoarding it. In what reality would a commodity increase in price under those conditions? The value of gold is FAKE.

It will be really interesting for the supreme court to decide if a president can be held in contempt of court.

No there is no conspiracy against the gold standard

Then why do absolutely no countries on the planet use the gold standard?

to eradicate the progress made by the civil and labor rights movement from the 40’s to 60’s

That was the Red Scare, globalization, and automation. It had absolutely nothing to do with the gold standard.

But go ahead keep believing that if you work hard enough and show initiative and make it to a salary equaling $50 or $100 an hour that you have made it buddy

I agree that what you are identifying is a problem, but proposing a gold standard to fix it is absolutely bonkers. The wealth gap can be closed by taxing the wealthy, increasing minimum wages, providing universal services, and investing in poor communities.

We live in a society where the majority of people are totally blind and dumb to reality.

And you are one of them. There is no global conspiracy against the gold standard. Smarter people than you know it’s a bad idea.

It’s possible that this is a threat to judges. I read it as “Resist us and be removed”.

It’s horrifying that I could see Greenland being his Poland and Canada being his France.

Some of the best advice I ever heard was that if you can’t express your argument concisely, you don’t understand it well enough.

They need to get themselves arrested. Get his in front of a judge asap

Jesus that is a gish gallop. TLDR

Economics isnt a real science

The Novel Prize committee says it is a science and I am more inclined to believe them than you.

Are you telling me that tbe increaae in currency supply and the us debt increasing over 72 times in 54 years isnt right on the money with the increase in gold price?

As of 2024 the US holds 8,133 tons of gold. Germany, Italy and France hold just as much combined. The IMF holds 2,800 tons.

Stockpiling a resource decreases supply, which artificially inflates the cost.

Some of the craziest do care about making babies. They think the white race is being outbred into extinction. They are fucking nuts.

Rent for a 2 bedroom apartment has gone from between $30-50 a month to $2200-2500 a month in just 54 years

Which has absolutely nothing to do with going off the gold standard. It is based on a low housing supply due to excessive regulation and wealthy people buying property as an investment.

If gold backed currency was so bad then why was inflation before we abandoned the gold standard and started printing money faster than nudie magazines

Look at this graph.

https://www.macrotrends.net/2497/historical-inflation-rate-by-year

See those wild swings between high inflation to high deflation? The economy is more stable off the gold standard because the government can respond to economic shocks more effectively.

The gold standard was a far superior economic model for currency than the current system

Then why do basically all people, regardless of political stance, who study the economy for a living think you are wrong?

Once again, the value of paper money isn’t the paper itself, but the worth of the country issuing it. They know that if a country like the US suddenly became unable to support it’s currency, people would only be trading ammunition.

Gold backed currency is a bad idea and that is why it was abandoned globally. It puts a country at the mercy of supply and demand. This makes inflation and deflation uncontrollable. When the California gold rush happened, the supply of gold increased causing rapid inflation. Between 1848 and 1855 inflation increased 30% nationally, while California itself experienced inflation as high as 1000%. The other big problem with a gold standard is what happens when a country must make large expenditures, for example when they are defending against invasion. This causes massive deflation of gold backed currency and was a major cause for the global economic downturn following WW1 and the subsequent abandonment of the global gold standard.

Gold was the first currency

No it wasn’t. Silver was the dominant currency for centuries before gold. Before that probably the most widely used currency was cowrie shells.

Humans have extracted absurd amounts of gold from the earth. It is not remotely scarce. Its value is artificially inflated just like diamonds. Platinum and palladium are more rare and just as useful, but cost less than half as much.

The value of currency is not based on the value of paper, but the value of the country issuing it. It has worth because the country has the labor force and economic stability to ensure it will be redeemed for value.

This is what is known as scientific racism. The US has always been the world’s #1 producer or it

https://en.m.wikipedia.org/wiki/Scientific_racism