Thread 513860253

>Nixon: yo we getting rid of the gold standard and are dooming your sons and grandsons to dying in forever sand wars, hyperinflation, unaffordable housing, wage stagnation, hoeflation, and unaffordable healthcare
boomers:

>>513860253 (OP)
Boomers being happy fill me with uncontrollable rage.
Life is unfair, evil people don't deserve to smile.

boomers are 3/8 already dead

There is not even close to enough gold to account for the global economy. We'd all have to be significantly more poor just so you kikes can have "muh preshus gold"

France was demanding their gold. If we didn't get rid of the gold standard we'd simply go bankrupt fighting the USSR and we'd all be singing praises to Lenin and Marx

>>513860801
now we’re singing praises to Netanyahu, Theil and Fink, whats the difference

>>513860253 (OP)
Is that image ai, I'm noticing all sorts things?!

>>513864234
cant eat silver retard

>>513860696
You are stupid. Gold wasn't incredibly valuable until we went off the standard. Look at the price chart before then.

Older cultures actually did transact with gold and silver coins and it wasn't insane wealth

>>513865255
>Gold wasn't incredibly valuable until we went off the standard
Something definitely happened but it wasn't gold becoming more valuable
>Older cultures actually did transact with gold and silver coins and it wasn't insane wealth
Their currencies retained value instead of dropping like a rock like ours did. It happened right when boomers voted in people that severed the ties between our dollar and anything else.

>>513866158
Gold used to be used to buy regular shit purely because it didn't tarnish/rust/degrade. You could store coinage and generations later it wouldn't be a pile of tarnished crap.
It IS attractive for ornaments, and it does have industrial uses like copper, but it's current value is based on it being Precursor Crypto.

>>513866716
>but it's current value is based on it being Precursor Crypto.
Relative to other values, gold tends to be fairly steady. A nice steak dinner in colonial times is comparable in gold weight to the cost of the same in modern times. Formal attire tends to follow the same trend. Median property value has minimal fluctuations when comparing value of property to gold.
Crypto has no stability and won't because it's modeled after the post boomer influence dollar.

>>513860253 (OP)
You probably can't keep a welfare state limited without having to fleece people for it.

>>513866716
Crypto is not real and never will be a real "currency". all crypto is a ponzi

>>513860253 (OP)
The gold standard has nothing to do with Middle East wars. And we don't have hyperinflation.

>>513860253 (OP)
in their mind, who cares about the future, right now its good, and it probably will be like this forever.
nowadays, they are noticing things going to crap, but they are more insulated from it compared to younger generations because they had a lifetime to work their way up and become successful.

>>513870865
>The gold standard has nothing to do with Middle East wars.

Probably won't have endless wars, when you actually have to tax people for it or run into huge debt, which means bankruptcy the slow way.

>>513870865
all middle east wars are in pursuance of legitimization of the petro-dollar
>And we don't have hyperinflation
denounce the talmud.

>>513871092
Wars in the middle east are driven by entirely jewish interests. They have nothing to do with economics. You goldbugs have shown a persistent and sticky misunderstanding of government debt, so I'm not going to engage with that aspect of your comment.

>>513870865
>And we don't have hyperinflation.
We are uncomfortably close, and with wages not matching the extreme inflation we are losing major sections of the economy. People can't afford goods, so luxury goods providers are going under. This increases unemployment while further eroding the value of the dollar. We are on a very fast path to that 50% monthly inflation which will make our extreme inflation match that narrowly tailored definition of "hyperinflation".

>>513870903
Boomers profited immensely from this Weimar hyperinflation since most hold lots of real estate and stocks. These assets inflate at a higher rate than other things like food and cruise tickets so it's made them richer than they could have ever imagined. They all think they're geniuses too because they're so successful now compared to the younger people

>>513860418
>Boomers being happy fill me with uncontrollable rage.

Boomers have been on a 25 year victory tour, I know many that have been retired and partying for literal decades. I know one dumbass boomer that went broke after spending over a million on coke and booze and had to go back to plumbing at 70 years old, dumb fucker. If you look at crowds at major sporting events it is 90% boomers. Stupid , pot-belly, retarded guys screaming and thinking they are tough masculine guys for watching a bunch of nigger zesty fags running around with a ball

In Nixon's defense, the gold standard has been raped by his presidency.

>>513871237
We are not close to hyperinflation. Your other complaints are entirely a result of distribution, something you conservatives resist tooth and nail.

>>513871231
Then make the historical case, why governments go off the gold standard when waging war.

>>513871625
>We are not close to hyperinflation.
What's going to stabilize the market? More laborers getting trucked in from third world countries who don't yet realize how devalued the dollar is now?

>>513867308
Some cryptos have an actual use case, such as XMR. Its price is somewhat stable compared to the others, but it’s not a great way to store or grow wealth

>>513871720
You're making the case yourself.

>>513872037
When the currency is pecked to gold people get a more realistic bill for what their government is spending. Wars are very disliked and if the people would have to foot the bill with real money, they would see what it costs.

A money that isn't inflatable means the state has to tax the people. So it is a natural limiter to largess like wars and welfare states.

>>513867308
>Crypto has no stability
>>513871794
>Some cryptos have an actual use case
>Its price is somewhat stable compared to the others
Of course crypto is useful, it was the main currency used back when the silk road darkweb site was only selling drugs. Doesn't make it a stable currency.
And if you want to compare one crypto to another crypto and claim it means stability, the Titanic floats just as well as the USS Liberty. Just as buoyant.
Neither point detracts or even relates to the fact that gold is more stable than the unbacked dollar and neither shows the stability of crypto.

>>513872438
>muh boomer rocks
unc moment

>>513873194
>unc moment
Gold as stable currency predates boomers
Also, boomers voted in the politician that ended the gold standard.
How does it feel?

>>513873587
>How does it feel?
nothing you typed made me feel any emotion

>>513860253 (OP)
You give nixon too much I am 100% sure he doesn't knew what the fuck he was doing but the money he gets from (((lobbyist)))

>>513860253 (OP)
Yeah, most boomers were in their late teens or early 20s in 1970.
What's your point?

>>513860253 (OP)
the french ended the gold standard not nixxon

>>513861902
Now do
>Average house size
>Average number of phones and televisions in a house
>Percentage of Americans with air conditioning
>New pair of jeans
>New shoes
>Cost of plane ticket to a tropical beach
>Average number of times people ate out in a year

>>513860253 (OP)
Reminder that most boomers aren't rich, and boomer hate threads are posted by nihilistic kikes who get off on the idea of turning White children against their parents and grandparents.

It's the exact same spiteful and arbitrary energy as when zoomers decided that millennials are "cringe" and the zeitgeist of the early 21st century boils down to Mumford and Sons and bacon.

>>513875354
the premise of the OP is wrong, the french started a sovereign actor run on the US gold reserve
the US defaulted on her obligations

>>513874990
>Yeah, most voting age people were in their late teens or early 20s in 1970.
ftfy
Boomers outnumbered non boomer voters long before all boomers could vote.

>>513875322
> Youll never own a house goy but the houses youll never own have AC!
> You will never have a family but you can eat out occasionally
So much PROGRESS

>>513875322
Damn. You forgot avocado toast with your imaginary list of expenditures.

>>513875322
>Shut up goy! You don't deserve a house! Your blue jeans and shitty phones are all you get! And of course they'll cost twenty times as much as they do to manufacture!