Comments by "DrScopeify" (@drscopeify) on "We're Going to Have Another Great Depression." video.

  1. That is a big giant massive huge misconception that Gold Standard does not lead to Inflation. The USA inflated 100% between the 1920s to 1970 as the price of Gold was FIXED to the Dollar and it increased from $20 to $40 in that time span. Also in addition, Gold standards are always Fractional. People forget it, Gold standards are FRACTIONAL. The US never ever had enough gold on a 1-1 basis with the Dollar and neither did other gold standards which is why they are pretty much phony. Yes there I said it, Gold standard is PHONY. Gold price is a fixed price set by the Govnemrent allowing for inflation at the press of a button and in addition the Gold in reserve is fractional. I dare say it's easier to inflated with a gold standard than Fiat alone!!!
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