The Instigator
xXCryptoXx
Pro (for)
Winning
14 Points
The Contender
Kytax
Con (against)
Losing
0 Points

The U.S. Dollar Should be Backed by a Meth Standard Instead of a Gold Standard

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Post Voting Period
The voting period for this debate has ended.
after 4 votes the winner is...
xXCryptoXx
Voting Style: Open Point System: 7 Point
Started: 3/2/2014 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 1,136 times Debate No: 48218
Debate Rounds (3)
Comments (5)
Votes (4)

 

xXCryptoXx

Pro

I'd first like to thank Dan Bench for the argument and resolution inspiration. This has remained one of my favorite debates and ideas so I would like to do this debate myself.

This is a troll debate.

No semantics

U.S. Dollar - Money used in the United States

Meth - That drug Breaking Bad is centered around

Gold - That shiny gold colored stuff that people like

Standard - How U.S. currency is valued by using something of value to back up the value of the money

First round is for acceptance.

Kytax

Con

I'd like to accept the debate. I will argue that gold is better in this troll debate.
Debate Round No. 1
xXCryptoXx

Pro


Thank you for accepting.


A Meth Standard would be 3.5X More Valuable than a Gold Standard


Since it would easily be within the abilities of the U.S. government to be able to produce very high quality meth under highly controlled laboratories with expert scientists it is safe to state that the meth backing up the U.S. dollar would be of a high quality variety.


For this debate we will use a news story in which 165 pounds of meth found to be worth 11 million dollars was discovered in New Jersey in 2008. [1]


Doing the math this would mean that one gram of meth equates to $146 ($11,000,000 divided by 165 lbs= $66,667 a pound then you convert that to grams.)


24 Karot gold on the other hand is only worth $41 per gram[2], therefore making meth 3.5X more valuable.


Inflation has become a problem in the United States and inflation could largely be solved by converting to a meth standard.


Meth is Far Cheaper to Produce


Here gold truly fails and this is where the gold standard truly fails.


One ounce of gold costs about $1,148 (about 24 grams in an ounce at $41 per gram) but it can actually cost anywhere from $333-$3,764 to actually produce one ounce of gold. [3]This means that at it’s cheapest it costs more than one/fourth of the value of gold to produce and at its most expensive costs upwards towards 3X more to produce than it is actually valued.


Meth on the other hand literally just combines seemingly everyday objects together in different ways in order to produce meth.


Meth contains: [4]


Sodium Hydroxide which can be found commonly in drain cleaner, and is used to make biodiesel


Anhydrous Ammonia which can be found in chemical fertilizer


Iodine


Red Phosphorus which can be found on matches


Ephedrine which is a drug that can be found in pharmacies


Ether, which is used as an anesthetic agent


Drano, which can be found in stores


Brake Fluid


Lighter Fluid


Hydrochloric Acid



All of these can be easily possessed even by poor individuals while meth is illegal. The government could easily get the purest chemicals from this stuff in order to produce good meth cheaply.


Gold Prices are extremely unstable


This year alone there has been a 25% drop in the value of gold. [5] This is massive.


In addition, in the 1980’s gold had a value decrease by 50%. [6]


If the U.S. dollar was backed by gold standard the inflation would become extremely necessary, in the the U.S. dollar would become absolutely valueless, then necessary again, and keep on repeating like a roller coaster. People would be losing their jobs, business would have to constantly change prices, and the entire economy would be in chaos because of the inconsistency of gold value.


Conclusion


A meth standard has been shown to be far more reliable and far more valuable than a gold standard. It would allow the economy to truly flourish as opposed to the chaos a gold standard would present.


Over to you.



[1] http://abclocal.go.com...


[2] http://goldpricenetwork.com...


[3] http://www.businessinsider.com...


[4] http://www.lynnpolice.org...


[5] http://goldnews.bullionvault.com...


[6] http://commons.wikimedia.org...


Kytax

Con

Kytax forfeited this round.
Debate Round No. 2
xXCryptoXx

Pro

Bah, I win. No new arguments on the last round.
Kytax

Con

Kytax forfeited this round.
Debate Round No. 3
5 comments have been posted on this debate. Showing 1 through 5 records.
Posted by 16kadams 2 years ago
16kadams
if you want to be technical, the issues of a gold standard apply to any system backing money with a commodity :P
Posted by SeventhProfessor 3 years ago
SeventhProfessor
I was really looking forward to someone not forfeiting this debate.
Posted by xXCryptoXx 3 years ago
xXCryptoXx
I didn't want to debate the topic.
Posted by Pfalcon1318 3 years ago
Pfalcon1318
Crypto, why did you decline my Challenge?
Posted by SeventhProfessor 3 years ago
SeventhProfessor
The following exception(s) occurred:

You cannot accept this challenge because you do not match the Instigator's age, rank or number of debates completed criteria.
4 votes have been placed for this debate. Showing 1 through 4 records.
Vote Placed by Zarroette 3 years ago
Zarroette
xXCryptoXxKytaxTied
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Total points awarded:60 
Reasons for voting decision: Pro's arguments went uncontested and were well sourced. Conduct to Pro for Con's forfeits. Troll debates...
Vote Placed by Wylted 3 years ago
Wylted
xXCryptoXxKytaxTied
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Total points awarded:30 
Reasons for voting decision: FF
Vote Placed by Krazzy_Player 3 years ago
Krazzy_Player
xXCryptoXxKytaxTied
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Total points awarded:40 
Reasons for voting decision: FF
Vote Placed by Ragnar 3 years ago
Ragnar
xXCryptoXxKytaxTied
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Total points awarded:10 
Reasons for voting decision: lol... Also forfeit.