Non Sequitur by Wiley Miller for July 15, 2021

Knowledge of another kind

Why social distancing is important is kind of an abstract concept. I try to explain how virol load changes with distance. My daughter had a better explanation. She calls it " fart smell radius "

There is one teensy little problem with the gold standard — while numerous gold mines operate around the world, their output is barely enough to keep up with the worldwide demand for jewellery. Add in gold’s usage in electronics, satellite shielding, and other little known but essential industrial processes, and there just isn’t enough left over to back up the world’s largest economic system.

We ARE still on the gold standard. The guys that have the gold make the rules.

Bob has underestimated the public’s thirst for ignorance.

Some people just can’t leave the 19th century.

I think I’ll stand over here.

He should have charged (more for) admission/consultation.

Maybe, but don’t start any wars you can’t afford. Also, watch that emergency spending.

Must be before TED talks.

Obviously, “Location, location, location" is not in his purview.

Of course we should. But the banks would never want it. With the gold standard, the value of the currency is locked with that of gold, ending (1) speculation on the precious metal and (2) essentially locking the price of anything away from inflation.And the reason banks would not like it is that it would be readily apparent that the current interest rates on deposits are negative when inflation adjusted, meaning that banks do not pay interest, but charge rental on money.

I’m sure he’s thought long and hard about this – a shame no-one seems to be interested.

There are so many other possible topics that Bob might post.

He’d have more people in line if he was giving away free samples…!

When I die, I want my last check to bounce.Check? I guess I’m stuck in the 20th Century.

Nobody wants to hear ideas that would fùck the economy even more than it already is.

At least it’s not Four Seasons Landscaping.

Just like dollars, gold is only valuable, beyond it’s physical uses, because someone told us it is, and we believe it. Money, whatever it’s based on, is just tokens that represent wealth. A way to keep score and allow some to hoard more than the rest of us.

NO! NO! PLEASE, PLEASE, PLEASE! I’LL DO ANYTHING! JUST . . .NO ECONOMICS!!!

Well, Bob…… oh, never mind.

I read in a geology text some time ago that all the known gold in the world would make a cube 18 meters on a side. Not all that big. And that it was/is formed in the universe only when neutron stars happen to collide. So apparently there’s really not that much to go around, unlike the case of diamonds which are formed constantly in the earth’s mantle and can be made in the lab from carbon. Those are only valuable because of strict control by a cartel.

There’s about $10 Trillion in gold available compared to 19 Trillion USD in circulation and $46T in the US stock market alone. Ready for a serious adjustment of the world economy?

Just add the “signature” of Q on the bottom of that sign. That’ll get their attention.

The US left the gold standard in 1971. USD in circulation: $19T, world stocks: $95T. Mined gold: $10T It could get ugly.

This is why the world has switched to the Bitcoin standard. That and ransomware.

Well, We SHOULD go back on the gold standard. Much better than fiat currency.

Bob must be in DC. Politicians don’t want to be controlled by any standard.

Bob’s knowledge might be more highly regarded if he knew how to set up the stanchions for a proper waiting line.

You have to call it crypto-gold and tell people it’s backed by massive expenditures of power for tedious calculations.

I don’t think we have that much Gold on earth to cover what we are in debt for and the Democrats keep wanting to spend more and send prices up even more.

Shhh, the Democrats may be reading this.

I had to work with someone who insisted on talking about going back to the gold standard while we were standing around waiting for work. I’m not sure which level of Hell that is.

Please, stop printing unbacked money.

Back our money with any objective standard of worth

Is the joke about the gold standard or about how no one ever disseminates information in that manner? It doesn’t work with both.

The only profit ever made by “REAL GOLD” is made by both sellers and buyers with ‘us’ in the middle as advertised in the back pages of AARP, Veterans Mags, etc. By the time a $95 investment is made buying a $100 gold piece, time passes until it’s listed as worth $105 bux, where it’s bought for $100 bux by a ‘coin dealer’ looking for a $5 buck profit and where’s the fun in THAT?? The only GOLD profit I’ve ever made in life was the discovery of a small sachet of California Gold from the 1800’s found in Grandpa’s old roll-top desk back in the ’50’s when we sold the farm.. Seems a bunch of relatives ‘went out west" in the 1850-70’s and brung home a few samples of their findings and gramps put it in a box along with a bunch of Silver Dollars of the era and so I keep it around to send on to ‘not my brightest’ generation who will somehow manage to get themselves screwed real goodly by the “Gold, Valuables and Silver Collectors” of that age.. >huge eye-roll<

You know the old saying that you can lead a horse to water, but you can’t make him drink.

If you stake him down next to it, he’ll come around eventually.

The concept of a gold standard encourages hoarding so there can never be enough to keep an economy moving. If it’s not circulating it’s not money, it’s collectable scrap at best. If it doesn’t circulate to the bottom it gets scuzzy down there.

Is Bob going to talk to people One at a Time? That seems very inefficient.

Wouldn’t it be “Back to the gold standard”?

The BLING Standard.

I think we should return to the cowry shell standard.

Bitten by the Gold-Bug.

presently, the public has NO thirst for Any knowledge!!! GAAAH!!

Libertarians are hard for gold.

The real problem with trying to go back on the gold Standard at this point in time is that we would need at least 10 times as much Gold as there is in the World to do it.

And, that includes any gold that haven’t been dug out of the ground yet.

The Money supply outgrew Gold, Platinum & Silver combined many years ago.

Ha! There were 139 commenters here who would’ve stood in line for Bob….