The Gold Standard Is An Economic Myth Whose Only Benefit Is It Sounds Good

[Cruise]

I've read this post a few times, help me out. Are you saying since America made the correct economic decisions, it later led/forced, central banks around the world to collude with each other to promote Anglo-American supremacy that we are still battling today?

Well, my basic point was that no good deed goes unpunished.

Yes, by doing the right thing in 1920, the United States set itself up for massive manipulation by the British, with the help of Benjamin Strong and the other white supremacists who believed in a pro-inflation, pro-white, easy credit, Anglo-American world hegemony.

Personally, as long as white supremacists are in charge, there is no hope for financial sanity nor fiscal reason.

There was no good reason for the United States to squander its future helping Britain create an inflation-driven, central bank focused, pseudo-gold standard in the 1920s... other than a belief that whites are somehow superior. Only egos run amok like that could justify such unreasonable behavior.

 

[Lamarr]

Well, my basic point was that no good deed goes unpunished.

Yes, by doing the right thing in 1920, the United States set itself up for massive manipulation by the British, with the help of Benjamin Strong and the other white supremacists who believed in a pro-inflation, pro-white, easy credit, Anglo-American world hegemony.

Personally, as long as white supremacists are in charge, there is no hope for financial sanity nor fiscal reason.

There was no good reason for the United States to squander its future helping Britain create an inflation-driven, central bank focused, pseudo-gold standard in the 1920s... other than a belief that whites are somehow superior. Only egos run amok like that could justify such unreasonable behavior.

this just cements my view that blacks, in general, would be much more successful operating in a free market. The only way for a black man to 'get ahead' nowadays, is to sell out to the Anglo-American establishment in some form/manner. Why, because we don't live in a 'free market', as long as the Fed Res controls the $$$ supply & the govt acts as a willing accomplis doling out benefits to the politically connected. So yeah, I agree with your statement, but we need significant CHANGE

Morever, if we take this example about Harding allowing the market to rebalance itself, it illustrates an approach of fairness to all Americans (excluding the racial strife of that time, which we don't have to get into) I'm just expressing an economic opinion.

If anything, this article should expose how the power & scope of central banks around the world collude to pick the winners & losers in a given economy. Like the article explains: Despite the severe contraction in the economy, the Fed Res. didn't respond with an expansion in money supply. Also, Harding dismissed the opinions of Hoover (Keynesian), And that shit was over in 18 months