Tiny Mustard Seed of Gold Backing?

[Seashore]

These are the words used by Tracy R Twyman in her blog post of May 8, 2009. She has some ideas about restoring the American economy:

"In my opinion, the only way to bolster our money would be to bring it back into a relationship with gold. Just a little bit of gold backing could go a long way. Once again, I come back to the metaphor of alchemy. According to many of the alchemists of the past, a tiny “mustard seed” of real gold is used, which is multiplied through the alchemical process, like Christ multiplying the loaves and fishes. As Masonic scholar Albert Pike wrote on the topic of alchemy in his book Morals and Dogma:

…to make gold, we must first have gold. Nothing is made out of nothing; we do not absolutely create wealth; we increase and multiply it.

I believe that with a tiny mustard seed of gold backing, we could begin to stabilize the value of our money. That is the FIRST STEP of any economic recovery. Then we can look into further reform of monetary policy and banking regulations, and also work towards bringing back our manufacturing base. But before we even bother trying to “create or save” jobs, we have to make sure that money those workers are paid is actually worth something."

[Malynda]

I remember years ago asking my mom why we don't just print more money when we need it as a nation. I'll never forget her answer. She detailed the whole gold in Fort Knox story and from what I understand, that was once the truth. Somewhere along the line, we didn't get the story that it was no longer truth - until recently. I think we need gold backing or basically we're getting Monopoly money and we all know what that's worth.

[Unified Serenity]

Originally Posted by Malynda

I remember years ago asking my mom why we don't just print more money when we need it as a nation. I'll never forget her answer. She detailed the whole gold in Fort Knox story and from what I understand, that was once the truth. Somewhere along the line, we didn't get the story that it was no longer truth - until recently. I think we need gold backing or basically we're getting Monopoly money and we all know what that's worth.

The reason those in power in the US don't want gold backing is it would destroy our economy. There are other nations with far more gold than we have. The Chinese just bought a great deal of gold and intend to keep increasing their stockpile against their failing dollar investments.

[Seashore]

Originally Posted by Unified Serenity

The reason those in power in the US don't want gold backing is it would destroy our economy. There are other nations with far more gold than we have. The Chinese just bought a great deal of gold and intend to keep increasing their stockpile against their failing dollar investments.

Tracy was interviewed on Coast to Coast on May 9, 2009, and during the interview she and Ian Punnett tossed around the idea of using gems such as diamonds, rubies, etc. to back up currency!

[Swanny]

I hope money system completely fails and we go back to a barter system

[Seashore]

Originally Posted by Swanny

I hope money system completely fails and we go back to a barter system

That would be getting back to basics!