What would America look like it we return to the gold standard? Would we return to the stone age, would innovation end as Wall Street bankers and government’s paid economists claim? It's easy to talk about the catastrophes unleashed on humanity by paper money. The permanent inflation, the endless
When you see such an exhaustive list of the benefits of hard money, it's almost impossible not to support the principle. Unless you live by the precepts of monopoly, relentless power, and evil.
Dr. Onge: how do we return to gold standard? Is Congressional action required?
Hopefully The Fed will be replaced by something because that something is far superior than the fiat the Fed creates.
Hopefully the Fed is OBE (overcome by events), such as the rise of a global hard digital currency that is not susceptible to the debasement of central bankers and greedy politicians.
Thank you for all you are doing!!!
Gold Silver Bitcoin and one more element
Read it at https://bit.ly/dollarhyperinflation
This is what I love reading about. This is good stuff, Peter. Thanks for reminding us of the potential in humanity. Let's put the money back in the peoples' hands and make government peripheral again.
It is also tangentially interesting that we made such leaps and bounds technologically in the era of open science, where results and replication in the real world were what mattered, as opposed to fiat institutionally gatekept peer review and expertise.
I questioned your claim that mobile phones were invented in 1908, so I asked ChatGPT, which stated the mobile phone was invented in 1973. Undeterred, I Googled it and found that you were indeed correct, Nathan B Stubblefield patented wireless communication in 1908. So then I had to go back and tell ChatGPT it was wrong. It started off with a "but it's complicated..." argument, but I persisted. It took me a couple more exchanges, but it finally gave in and admitted it was correct. So, not only did this obscure fact educate me, the rest of the world will now know it as well.
Nailed it! Also, was great to see you and meet you in person at Pacific Bitcoin. Keep up the awesome work!
> And 1913 was when it ended with the founding of the Federal Reserve. Which actually destroyed the world surprisingly fast -- within a year most of the world was shooting each other in the trenches of France. All financed by the Federal Reserve.
Which the United States wouldn't even be involved in for another four years.
Should embed associated YT video in this article.
I agree about hard currency but wonder how much of the incredible growth of that time was attributable to other things like the massive natural resources that became available to the market because of the railroads and similar things.
Has anyone wrestled with that and sorted it out?
Wow. I had never thought of the connection between the ending of innovation and banks. But you left out how they engineered the takeover of the world and created the federal reserve.
Love your work bravo