[Kissntell]

GO BLOW SHITMOUSE, COMMONSHITS.

[ArrereGarhync]

A gallon of gasoline today costs about 65 milligrams of gold.

65 milligrams = 0.002292 oz

An ounce of gold today is worth about $1,752

$1,752 x 0.002292 oz = $4.01 a gallon

On January 1st, 2000, gold was selling at $283.00 an ounce. If the dollar was pegged to gold, gasoline today would cost $0.65 a gallon...

And we would work for $0.65 an hour.

[ZIDouglas]

http://youtu.be/FDDZOvnSAcI

[BegeMoT]

And we would work for $0.65 an hour.

Magog already does.

[GaxyGroordrep]

yes, of course. but today's liberals get their orders from alinsky

Liberals, eh?

Where did Bush and the republican congress get their orders, then? While they were running up debt, printing money, and destroying the value of the dollar?

This is so much bigger than republican vs. democrat. Let's not play those silly games anymore...

[wpFWNoIt]

And we would work for $0.65 an hour.

Incorrect.

[Pa33anger]

FIRE THEM ALL.

[ftqwhbvxlcfop]

"Had the trends under Bretton Woods continued, the average person’s real income would be nearly 50% higher, the increase in prices would be nearly 50% lower, trade imbalances would be nearly one-third smaller and the world economy over the past four decades would have suffered through 4 instead of 104 banking crises."

http://agoldenage.com/an-internation...verning-elite/

[Gideleb]

Liberals, eh?

Where did Bush and the republican congress get their orders, then? While they were running up debt, printing money, and destroying the value of the dollar?

This is so much bigger than republican vs. democrat. Let's not play those silly games anymore...

you're right. the problem is both parties and neither party. The problem is liberal progressive thought. Liberalism is a much worse enemy than any terrorist. Liberalism has destroyed every past civilization and will destroy ours if we let it.

As to silly games, you are the game master. Its all you do.

[sterofthemasteool]

"Had the trends under Bretton Woods continued, the average person’s real income would be nearly 50% higher, the increase in prices would be nearly 50% lower, trade imbalances would be nearly one-third smaller and the world economy over the past four decades would have suffered through 4 instead of 104 banking crises."

http://agoldenage.com/an-internation...verning-elite/

Nonsense. We had several depressions with a gold standard. Saying "this wouldn't have happened if we had gold" ignores a host of other problems that likely would have happened. Gold is not a panacea. Sound monetary policy would be beneficial as well. I highly doubt the market would have pushed wages up with gold as a backer.

[Zptmsemk]

Fantastic thread, though. That's a great way to put it into perspective. That's a powerful graph.