Gold prices hit record high against USD

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It-s_Not_Important@reddit

Alternate title: USD hits record low value as Americans’ PPP slips further.

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ForthrightGhost@reddit

I want to explain something to you all, something that many people don’t seem to understand, because of the US and other governments completely brainwashing people about economics.

The US dollar, and any other sovereign nation’s currency that uses fiat has NO value like commodities do. It’s the exchange rate and buying power you all are missing. What you can buy with it depends on the disparity between wages and price margins.

Money is many things, including debt (social contract), social construct (physical note to exchange), an accounting tool (numerical like for numerical like), and it’s main purpose…control.

Money is not a commodity, unless you buy and sell them as collectables for defects, etc.

When gold goes up, it does mean there is less confidence in currency, and that can have negative effects on the economy and prices can increase because businesses are not making enough money, so they adjust fir wider margins, which will shrink buying power for the poor and others who are not quite poor, but still are losing buying power.

Let me know if any of you have questions?

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Excellent_Set_232@reddit

“Let me rehash the most widely discussed talking point on the Internet regarding currency but I’ll sound even more pompous and full of myself this time around”

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ForthrightGhost@reddit

🤦‍♂️ Let me ask you a question. Who created the US dollar?

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Excellent_Set_232@reddit

No thanks, I don’t need the first 3 minutes of basic YouTube video summarized for me, have fun.

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ForthrightGhost@reddit

Well, then you have no say in this. If you can’t answer basic questions, and you are trying to tell me I’m being pompous…look who’s better than all of us here.

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ThrowawayRage1218@reddit

So I have no horse in this race. All I need to know is that the US Dollar is losing value quickly and all money is made up. But to clear up this burgeoning internet argument, this

I want to explain something to you all, something that many people don’t seem to understand,

is what makes you sound pompous. And this

because of the US and other governments completely brainwashing people about economics.

is what makes it sound like you think you're better than everyone else. The implication of the first quote is that nobody here understands basic economics, which is what you explained. We're in a prepper sub, many people understand economics enough to have invested in gold a long time ago. (I don't and it would take a detailed in-person conversation and note taking for me to understand, so I don't invest in gold. But a lot of people here have, and I know enough to understand that what you explained was essentially Gold Standard 101.) The implication of the second quote is that everyone except you has been brainwashed by the government to believe in the inherent value of the dollar. "Any questions" can come off as haughty and self-important, like you know more than everyone else here, and your history lesson on U.S. currency didn't really clarify anything.

Like I said, I have no investment in either side of this argument. But as an autistic former gifted kid I spent a lot of years having to learn the hard way why people got pissed off at me for explaining basic concepts about things I was interested in (so that we're all starting from the same point of knowledge). So when I see someone making the same mistakes I did, I try to help clear up for the person why people are getting mad and think they're an ass.

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ForthrightGhost@reddit

I get what you are saying, and I do realize how my wording can come off as implying those things, which anyone here could end up deciding to take it personally. My reasoning for using the wording in the way that I did is because of how frustrating it is to see people in the year 2025, who obviously understand that gold has real value, and that we exchange the matching numerical amount in money for that thing of value. Then, you see the same people state that money has value, but is losing value. A $5 bill in the US is always going to be a $5 dollar bill. It won’t be $4 dollars one day, or $2 dollars one day, etc. it’s what you can buy with it, aka buying power. There is no such thing as money having value like a commodity, unless you are buying or selling collectable money.

When I see people talking about it like it’s the commodity gold, and there’s so much evidence that states otherwise it just makes me think they’re intentionally reveling in ignorance.

I don’t believe myself to be better than anyone, because I used to believe in the lies of the predator class ( government, lobbyists). I learned how wrong I was about my own belief systems, and kept my mind open to learning. I admitted to not only myself that I was wrong, but that I was wrong for spreading the misinformation. I did the same things everyone else here did. I can’t say the same for others here when they are wrong, that’s on them.

This doesn’t make me better than you or anyone else. Me pointing out things about them that people do that they don’t like doesn’t make me better than anyone. Sure, I don’t have to do that, and can let people be repeating my own mistakes from the past, but I rather be honest, even if people don’t like me.

I’m not apologizing for being honest about people’s incorrect usage of words when it comes to money. I have too much knowledge and time spent understanding the subject to just not try my best to explain it.

If it helps, I will apologize for how I opened up my explanation.

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sludivvitch@reddit

no one said or implied money has value "like a commodity". the comment you initially replied to was referring to exchange rates and buying power. saying money "has no value" or "five dollars will always be five dollars" is obscenely obtuse in the context of this discussion. you are nitpicking semantics and should absolutely apologize for all of it.

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ForthrightGhost@reddit

You should read further down the line. I used to work with economists and econ lawyers at a non profit. I learned everything I know about social economics from them and spent most of the lockdown going to live virtual seminars hosted by economists who work in Washington DC. Money itself is just a social construct that represents an exchange between two or more people or entities snd debts owed. It has no real world value, other than accounting for debt.

Buying power is the measure between the disparity of ROI and price margin increase. Margins go up, regular people lose buying power. If deflation of price margins doesn’t happen, the disparity grows.

ForEx is the translation of disparity internationally.

Thank you for your opinion, but no thanking for your projection.

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ThrowawayRage1218@reddit

Hey man, like I said I have no horse in this race. Your comment genuinely inspired no emotion in me one way or the other. You have no need to apologize or explain yourself to me. I totally understand your thought process, and I often have to make the decision myself whether a thing is worth the mental energy of explaining for the same reasons you list here.

All I'm doing, as a person who constantly has to analyze what I say in case it could be taken the wrong way, is letting you know that people are being dicks to you because they think you're being a dick first. Whether that was your intention or not, because text and the internet don't have tone or expression indicators that was the impression people got. I personally get more infuriated when people put words in my mouth while refusing to explain what I said or did wrong when I genuinely meant no offense, and asking what I did only makes it worse. So I was trying to do you a solid by explaining.

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ForthrightGhost@reddit

I appreciate it. Thank you. It’s always nice to see others with the same kind of thought process.

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breadeatingmonster@reddit

George Washington

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ForthrightGhost@reddit

He definitely helped in this, as well as Robert Morris, Jackson, and The Continental Congress in 1785. Jackson created the banking systems and helped to create the Small Business Association.

Businesses were given the US currency as payment from Congress and that’s how everything started. They also explained at a later time how taxes would work and that businesses would have to start taking taxes out of their paychecks.

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Appropriate_Ad_1429@reddit

I thought it was the promise of land, gold and new opportunities that got people to move from the UK to the US that started it and then the gold was traded for promisary notes. Currency is a promise from the bank to pay the holder of the note. The note itself is technically not the valuable item though it is viewed as the actual commodity by the layman. The real truth is that essentially they are all tokens of wealth and some are more volatile than others and carry different levels of risk, tmo.

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ForthrightGhost@reddit

Yes, what you are saying is correct. When everything clicked into place for my understanding of this, I realized that money is thought as valuable because you traded your gold for it, and the government backed it with the gold, so it has to be valuable for them to do this, right? The government understood that gold had the true value over a bank promissory note, and at the time they convinced the layperson to use the US Dollar as it’s backed by gold. Flash forward to after the 1970s when Keynes introduced a new economics system that no longer needed value to be placed on it via fiat. Fiat allowed for Congress to nearly generate close to unlimited funds for the budget each year, as gold backed was limiting to the kinds of spending the government wanted to do. It also paved way for Reagonmics and all the shit happening now. I personally don’t like monetary systems, as just like with gold backed currency, it’s extremely limiting unless you’re a megalomaniac oligarch. Regular people get restricted for pay, because only the corporate world and the government get to do whatever they want with money and the rest of us barely can get by. At this point, the lines between government and corporations are blurred.

There are better ways to do commerce with each other that don’t require money, and don’t require individuals or groups of people to control access to basic needs/goods and services.

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Big_Fortune_4574@reddit

We are all aware thank you

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ForthrightGhost@reddit

Finally, someone who isn’t being a dick. Thank you for being cordial and not trying to start shit. The problem is people keep using value with Money. It’s not true at all. I don’t understand why people keep saying it. Money is literally debt. You use it to pay debt.

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Big_Fortune_4574@reddit

I don’t know if you’ve read it but I very much enjoyed a book called Sapiens. If the illusory nature of money is top of mind for you right now, I think you’d find it very enjoyable

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ForthrightGhost@reddit

I’ll check it out. I haven’t. My mind is preoccupied by many things regarding power dynamics and social econ. I studied a lot about this in 2020 and worked for a non profit that hosts economists and econ lawyers. Most of the lockdown I just attended virtual seminars and learned a lot.

Thanks again for the book recommendation. I will go to the library this week and see if they have it.

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Chipsandadrink666@reddit

The audiobook is on Spotify too if that is more accessible!

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Big_Fortune_4574@reddit

It’s actually about those things in a way. In the same way that fiat money is basically a shared mass delusion, it’s about how that is true of much more than just money. Anyway, I hope you like

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ForthrightGhost@reddit

I just read the synopsis, a lot of the things touched in this book go into my expanded view of the frameworks and systems we have. I’m sure I’ll enjoy it and I’ll let you know when I finish it.

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Soft_Walrus_3605@reddit

it’s main purpose

We got ourselves a true Rhodes Scholar here

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LassenDiscard@reddit

Prime /r/iamverysmart material, right there.

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ForthrightGhost@reddit

Okay, and if a subreddit existed for ignorance, you would be in it.

Money is literally debt. When you provide labor that’s debt paid in currency.

No one buys money with money, we use money to buy stocks or stable coins, which are all commodities.

Money has zero value, this is where the brainwashing comes in by mainstream econ, so they can continue to lie to you about how the systems work. Money is used to control people.

That’s why you can’t do anything without it in most nations and the people who control distribution which are businesses and the government.

In the US, you are not allowed to have a business without the government’s approval, and you can’t use any other form of currency other than the US dollar to pay your workers, bc the US only accepts US dollars as payment since they created the banking systems, the taxes, and even the currency itself. That’s why it says on every note, that it’s the property of the US Treasury.

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LassenDiscard@reddit

Money is literally debt.

Money is representative value.

No one buys money with money, we use money to buy stocks or stable coins,

I use it to buy groceries, gas, pay the rent and utilities, etc.

Money has zero value, this is where the brainwashing comes in by mainstream econ, so they can continue to lie to you about how the systems work. Money is used to control people.

Silver and gold also have zero value if people choose not to that them. Money is why I don't have to count how many chickens I need to trade for a tank of gas. You sound like a 20-something libertarian who discovered the definition of "fiat currency" recently, and now desperately try to mesh it into all the rest of your belief system.

you can’t use any other form of currency other than the US dollar to pay your workers

Yes. This is a good thing.

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ForthrightGhost@reddit

Also, I can’t stand Right Libertarians. They’re the ones taking over right now with Peter Thiel and Elon Musk, etc.

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contrarycannery@reddit

Precious metals have many intrinsic values for industrial/technical purposes. Hell, in a pinch silver coins in water can keep the water from going sour/bad.

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ForthrightGhost@reddit

Thank you.

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ForthrightGhost@reddit

This would go a lot easier if you actually understood what you’re trying to say.

“Money is representative value.”

Absolutely incorrect. It’s a social construct we all agreed to use in exchange for commodities and services and it represents debt owed, not value.

It’s a lot easier to control people when you convince them that money has value, when it’s really just an over glorified IOU and a tool for accounting for items you buy from businesses.

A $5 dollar bill will buy you whatever is priced for $5, as the item or commodity is what has the value we put on it, not the money. You owe the business $5 dollars for a bag of chips at their store, therefore your debt is paid once you exchange the $5 bill or card swipe for the bag of chips.

In regard to your groceries comment, those are also commodities. Everything that we buy is a commodity, including services.

Gold and Silver are commodities, which are anything you put up for sale (value). They have value for their properties, and are used to exchange for money, which is the debt owed for the gold or silver.

“Yes, this is a good thing.”

It can be a good thing, for those who control the distribution of money. Taxes are good only if there is representation, otherwise it’s just corruption.

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Suspicious-Limit8115@reddit

Yeah, same deal with BTC. Go look at the price of a bushel of any basic crop, again, you see the same phenomenon. The US dollar is turning into a Romanian Lei quickly

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BanchesterUnited@reddit

That’s not true, it’s been lower.

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It-s_Not_Important@reddit

I wasn’t intending it t

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ENTroPicGirl@reddit

Mark my words they are going to do a rug pull on gold like they did crypto.

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sherwood_bosco@reddit

Oh boy, I can't wait for yet another once in a lifetime financial crash in my lifetime.

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Terrible-Sir742@reddit

Sorry, best we can do is another pandemic with a little bit of war sprinkled in.

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Flex1nFinesse@reddit

🫣

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ThrowawayRage1218@reddit

WW3 or Civil War2? I need to decide if I want to wait for it to come out on streaming.

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Terrible-Sir742@reddit

Mom, can we get a new war? No, we already have war at home? War at home...

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sherwood_bosco@reddit

Oh good, a war, I was worried it was going to be called a special military operation this time.

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rudbeckiahirtas@reddit

No, we've already been funding one of those. Plus a genocide!

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Planeandaquariumgeek@reddit

Man that Costco gold bar I bought for 2100 paid off I guess

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Thoraxe474@reddit

Not if you don't sell it

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Planeandaquariumgeek@reddit

Actually just got back from selling it

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Thoraxe474@reddit

Where's my cut?

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WobbleKing@reddit

Sir this is reddit. He’ll sell it for 1000 after the apocalypse is over

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Plenty-Salamander-36@reddit

It’s not just the dollar, I don’t know a single currency that is valuing relatively to gold. We may be witnessing a global meltdown of fiat currency.

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Appropriate_Sir_2572@reddit

Yea its almost like every country has the same families central banking system and the ones that dont get bombed by the ones that do and that family just prints money with no consequences

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