The Instigator
imabench
Pro (for)
Winning
6 Points
The Contender
natoast
Con (against)
Losing
0 Points

The US Dollar should be backed by a METH standard, not a GOLD standard....

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Post Voting Period
The voting period for this debate has ended.
after 1 vote the winner is...
imabench
Voting Style: Open Point System: 7 Point
Started: 7/18/2013 Category: Economics
Updated: 1 year ago Status: Post Voting Period
Viewed: 523 times Debate No: 35745
Debate Rounds (3)
Comments (5)
Votes (1)

 

imabench

Pro

Meth: The drug/psychostimulant that makes you really freaking hyper and is highly addictive

US Dollar: That thing that controls your whole life

Gold: The shiny stuff

First round acceptance only, 3 rounds, 4000 characters
natoast

Con

I accept.
Debate Round No. 1
imabench

Pro

Argument for why the US dollar should be backed by a Meth standard and not a gold standard:

1) Backing it by Meth will make the US Dollar 3.5x stronger then if it were backed by Gold

The price of meth varies from region to region, but the highest quality, purest, and most addicting meth batches can easily reach very high prices. For the sake of this argument, the price of Meth will be calculated according to the largest Meth bust in the Northeastern United States, where the DEA intercepted 165 pounds of Meth valued at about $11 Million Dollars
http://abclocal.go.com...

$11,000,000 divided by 165 lbs= $66,667 a pound, which is $146 per GRAM for good Meth
24k Gold, the highest quality, on the other hand costs only about $41 per gram (http://goldpricenetwork.com...)

So a gram of good meth is 3 and a half times higher then the price of good gold of the same amount, which means that if we back the US currency by meth then the US dollar will become 3 and a half times stronger.



2) Meth prices are more stable then Gold prices

Gold may historically be a good bet for your money, but that certainly doesnt mean its reliable.... Just last month, the price of Gold actually dropped 25% in a matter of 3 months.
http://goldnews.bullionvault.com...

Had the US dollar been backed by Gold, then over the past 3 months the US dollar would have been weakened by 25%....

This isnt a one time thing also, Gold decreased in value by 50% back in the 1980's and has gone through numerous periods of decline in value.
http://commons.wikimedia.org...

Meth on the other hand has never had a significant drop in price in history! It has been steadily climbing upwards while the prices for other drugs like crack and pot have been all over the place. Meth has a history of stability which is something that Gold cannot claim, so to back the US dollar on Meth instead of Gold would actually give the value of the US dollar more stability and more reliable growth over the long term then Gold.



And those are my arguments, over to you con
natoast

Con

natoast forfeited this round.
Debate Round No. 2
imabench

Pro

-_____-

meh
natoast

Con

natoast forfeited this round.
Debate Round No. 3
5 comments have been posted on this debate. Showing 1 through 5 records.
Posted by imabench 12 months ago
imabench
Holy crap, this was win number 300 for me o_O
Posted by imabench 1 year ago
imabench
"Lol, Imabench actually has some good arguments!"

It's been a long, LONG time since anyone's ever said that XD
Posted by Magic8000 1 year ago
Magic8000
lol, Imabench actually has some good arguments!

F*ck Austrian economics, this is Methamphetamine economics.
Posted by imabench 1 year ago
imabench
Why thank you <333
Posted by johnlubba 1 year ago
johnlubba
Quality resolution.
1 votes has been placed for this debate.
Vote Placed by Fictional_Truths1 1 year ago
Fictional_Truths1
imabenchnatoastTied
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Total points awarded:60 
Reasons for voting decision: Con didn't provide any arguments...