The plain fact of the matter, is that there are certain standards for absolutely everything. Think about it, and you will see that in every aspect of life, business, science, education, or any field whatsoever, has thousands of exact standards. In education, there are standards of passing or not passing, to mention but a tiny fraction of educational standards there are.
In manufacturing, there are exact standards of purity, weight, containers, strength, and thousands of measuring standards. Farmers have standards of soil, fertilizer, water content, ph, clay content, and even that set of standards for soil are close to endless. If you ride up and down in an elevator, there are standards for the strength and content of the cables that hold it up, standards for the electricity which powers it, the motor and controls, light bulbs, computer control, speed it runs, and the brake which stops it.
Transportation standards in railroads are in the thousands, and just for the track, there are grades, weight of rail, content of rail, banking, tie construction, size, treatment, and placement. Planes have thousands of standards which must be met in order for efficiency, safety, longevity, comfort, speed, take off and landing speeds and space requirements, fuels, construction materials, weights, electrical, and on and on it goes. The Shuttle just landed, and the exact standards involved in that, are mind boggling.
Think of the standards the grocery shopper must decide on, when she picks a certain product. What brands, sizes, contents, expiration date, variety, price, weight, and on that goes. All manufacturers must use certain exact, unchangeable standards when they build things, be they clothing, machinery, insecticides, fertilizer, roofing, lumber, cement, and that list is endless as well.
Without exact standards of weight, content, size, durability, cost, and lots of others, civilization would collapse. Nothing could be built or sold without rigid standards. I listened to a BBC half hour commentary on standards the other night. The broadcast went on and on about standards; hundreds of them. I waited for the main standard which keeps us happy and afloat, and it was never even mentioned. Now think about all the millions of standards we know about, and mostly use, and what exact standard is missing?
You guessed it, it is the money standard. If the money the world uses, doesn’t exist with firm standards of value, how can we continue? Literally. Money has to be standardized as to size and content, or chaos, inflation, and eventual collapse will result. Money used to be standardized. A one dollar gold coin had .04837 oz of pure gold in it. It was tiny, and easily lost. That’s why silver coinage was developed. A silver dollar had .77344 oz of pure silver in it, and smaller silver coins had smaller amounts of silver. The silver dime had .07234 ounce of pure silver in it. People used to carry dollar, three dollar, five dollar, ten dollar and twenty dollar gold coins, and silver coins around in their pockets and spend them. Ten dollar coins were “Eagles,” and twenty dollar coins were “Double Eagles.” Those who preferred paper money, knew that it was 100% backed and convertible into real gold. There was no inflation, because the U.S. money was made according to rigid standards. It was impossible to inflate, because the money was real, and made of real, or backed by real silver and gold. No gold? No money! No silver? No coins! Other nations had the same standards for their money, and Mexican and Canadian monies were easily exchanged between us. Until politicians found a way to buy votes, that is.
Think about the probably millions, or maybe even billions of standards in the world today, all of which make civilization, commerce, manufacturing, growing, and mining possible. Without the standards by the thousands in every field, nothing could be built, made, sold, mined, or grown. Standards of space in acres, square feet in yards, or millimeters, standards of distance in miles, kilometers, light years, inches, or feet. Standards of weights, Standards of capacities in gallons or ounces, standards of weights in tons, pounds, etc, are absolutely necessary for us to live. Yet, as of today, there is no longer a standard of money, anywhere in the world!
The standard of money, throughout thousands of years of history, have been gold and silver. Those two words, gold and silver, are used hundreds of times in the Bible, for buying and selling things. They were the standard of money. Today? We have no standard of money. It’s a politician’s dream, being able to spend as much as he wants, to buy votes and potential votes from the gullible public. This has been going on for so long, that few realize it is gold and silver which are real money, not endless pieces of engraved paper. If all the dollars in circulation were literal paper, rather than checkbook and computer entries, the world would be out of trees to make them.
How sad. More Thursday, but in the mean time protect yourself.
P.S. I brought my son David in first, and then my daughter Melissa, to take the pressure off of me. They’re doing well, but Melissa could do more to take pressure off of David and myself. She’s probably got a better personality than either David or myself, and she opens at 8:20 AM Eastern time. No, I’m going to keep it in the family! I discovered a web site called “ripoff report,” and you’d be surprised at all the complaints about metals dealers, and especially those who advertise a lot. We have not a single complaint, and of course we don’t advertise at all. Our A Plus rating with the Better Business Bureau is deserved and well guarded.