The Forum > General Discussion > Utah goes for gold and silver currency.
Utah goes for gold and silver currency.
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Posted by one under god, Friday, 15 April 2011 8:21:04 AM
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""It is either i)a symbol,..representing a certain value
or..ii) a value based on the weight of metal(s).""" se how you deliberatly distort things its not either or both your either/or mention value your deliberatly confounding coin..[intrinsic true value of its metal] with paper[fiat]..a promise underpinned by its ability to convert into coin..or goods two differnt things ""If i)..then it is no different in any way, shape or form,to paper money."" yes thats what bank NOTES /checks/bonds...are ""Both are simply abstract representations of a notional value,its exchange value determined by the market"" you confuse the real economy with the paper economy those money trading are trading in paper values* the coin underpinng the intended value has been confounded by trading paper for paper NOT COIN FOR COIN.. all cupra coins.. of the same weight /same metal MUST HAVE the same REAL values.. but layering on paper..upon paper.. has distorted the values of the paper..NOT THE COIN ok only by deciete ""If ii)then it is no different from any other traded commodity, whose exchange value is determined by the market for that particular metal or combination of metal,at any given time."" again with your verbal trickery as im saying..the metal in the coin is the same regardless of the paper promising the coin ITS TWIO DIFFERNT MARKETS im saying its time we sepperated away from the bankers delt in the coin only..for govt and the people let the bankers play their games but return the true values..[in silver]..back into nickle this equates to a nickle coin who's face value in cents..is based on one cent = one dollar a dollar coin=100 dollars $2 coiun=200 dollars [that way we re monetise the money market] so the babnkers got a whole new field..to exploit and dont need the new tax of the carbon economy..[the only reason we are getting these new taxes] ""You seem to want it to be both. Which cannot be done."" says you your not govt..that people are going to kick out of office..and into jail please explain to the listener about odious debt in law Posted by one under god, Friday, 15 April 2011 8:36:16 AM
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read the entrails
http://dailybail.com/home/william-black-why-arent-the-honest-bankers-demanding-prosecu.html http://dailybail.com/home/top-25-hedge-fund-managers-make-almost-1-billion-each-and-pa.html In another dig at the dollar, the development banks of the five BRICS nations agreed in principle to establish mutual credit lines denominated in their local currencies, not the U.S. currency. Webmaster's Commentary: It's only a matter of time before the US dollar collapses completely, along with a morally and fiscally bankrupt US government. http://wonkette.com/443115/banker-controlled-government-cant-figure-out-how-to-prosecute-bankers http://www.goldshark.com/kaspars-comments/item/109-can-dollar-weakness-mean-equity-weakness?.html http://www.activistpost.com/2011/04/budget-deal-turns-out-to-be-gigantic.html BUT..deciding to allow the banks to confiscate Americans' homes to cover the losses from the forced buy-back all those fraudulent mortage-backed securities,that was EASY! http://bit.ly/h1GXHk BUT.. OCC Takes Enforcement Action Against Eight Servicers for Unsafe and Unsound Foreclosure Practices The Office of the Comptroller of the Currency today announced formal enforcement actions against eight national bank mortgage servicers and two third-party servicer providers for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing. http://www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-47.html http://www.cnbc.com/id/42584668 http://www.zerohedge.com/article/will-silver-surge-following-nationalization-bolivias-silver-mines-president-evo-morales http://www.rawstory.com/rs/2011/04/14/shock-employment-figures-fewer-than-half-of-americans-have-jobs/ http://www.usatoday.com/money/economy/employment/2011-04-13-more-americans-leave-labor-force.htm http://dailybail.com/home/goldman-traders-tried-to-manipulate-derivatives-market-in-07.html http://dailybail.com/home/the-goldman-sachs-hearings-7-cantankerous-hours-securitized.html At Bretton Woods INET The interviews are excellent, especially Stiglitz and Johnson. http://dailybail.com/home/gillian-tett-martin-wolf-interview-simon-johnson-joseph-stig.html http://market-ticker.org/akcs-www?post=184237 http://revolutionarypolitics.tv/video/viewVideo.php?video_id=14569 http://dailybail.com/home/walter-jones-cut-this-cut-that-were-spending-8-billion-dolla.html http://theeconomiccollapseblog.com/archives/corrupted-5-shocking-examples-of-government-corruption-that-will-blow-your-mind http://gonzalolira.blogspot.com/2011/04/burning-candle-at-both-ends-raising.html Raising the Debt Ceiling, and Extending QE-2 Indefinitely This coming May 16, the U.S. Federal government debt ceiling will be breached; that is, the national credit card—currently topped at $14,294,000,000,000—will be maxed out. http://lonestarwatchdog.blogspot.com/2011/04/debt-cieling-must-not-be-raised.html (Yeah, I know: It’s one thing to read “$14 trillion” and quite another to see the actual number, written out with all those zeroes.) PS the debt clock cant record the true numbers it run out of space for more zero's the Federal Reserve’s policy colloquially known as Quantitative Easing-2 (QE-2)—whereby the Fed created $600,000,000,000 of new money, and used it to purchase Treasury bonds—will end. http://dailybail.com/home/senator-no-debt-ceiling-hike-without-a-balanced-budget.html The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden governments to secure financing,the IMF warned on Wednesday. http://www.reuters.com/article/2011/04/13/us-imf-stability-idUSTRE73C32G20110413?WT.tsrc=Social%20Media&WT.z_smid=twtr-reuters_%20com&WT.z_smid_dest=Twitter http://profilesinevil.blogspot.com/2011/04/rothschilds-dark-lords-blood-bank_13.html http://revolutionarypolitics.tv/video/viewVideo.php?video_id=14574 http://www.activistpost.com/2011/04/destroy-globalists-one-fat-cat.html one fat rat at a time http://www.activistpost.com/2011/04/brics-demand-global-monetary-shake-up.html refuting carbon/do-oxide want the truth? http://www.suite101.com/content/greenhouse-gas-theory-discredited-by-coolant-carbon-dioxide-a365870 http://www.activistpost.com/2011/04/world-bank-food-prices-have-entered.html http://weeklyintercept.blogspot.com/2011/04/americas-military-expansion-funded-by.html dont say you didnt know Posted by one under god, Friday, 15 April 2011 1:59:29 PM
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Before your posts once again descended into incoherence, one under god, I think I understood the following:
>>your deliberatly confounding coin..[intrinsic true value of its metal] with paper[fiat]..a promise underpinned by its ability to convert into coin..or goods<< I wasn't "confounding coin". In default of the "intrinsic true value of its metal", the only possible alternative is that the coin is representative of an agreed amount. Like the $2 of value contained in the coin I have in my pocket, which bears no relationship to the weight - and therefore the intrinsic true value - of the metals it contains. It is therefore absolutely no different from the old $2 notes that we had before. Both are worth the same, paper and coin. >>you confuse the real economy with the paper economy<< There is only one economy. >>all cupra coins.. of the same weight /same metal MUST HAVE the same REAL values.<< Which is absolutely true. They have the same as each other. One "cupra coin" will have the same real value as another "cupra coin" But they will have different value on different days, depending on the price of the metals involved. Why is this so difficult for you to understand? You can read the price of copper, and the price of nickel, as well as I can. How come you have a mental blank when it comes to putting these two facts together and making a coin? >>the metal in the coin is the same regardless of the paper promising the coin ITS TWIO DIFFERNT MARKETS<< Nup. There's only one "market" in which money is used. This is the really confusing part. >>this equates to a nickle coin who's face value in cents..is based on one cent = one dollar a dollar coin=100 dollars $2 coiun=200 dollars<< So it cannot possibly be the case that the coin is valued on its metal content, can it. A $200 cupro-nickel coin would weigh over 14 kilograms. So it must rely on its face value. Which is precisely the same as two hundred-dollar bills. How would that change anything? Posted by Pericles, Friday, 15 April 2011 4:05:55 PM
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i will ignore your deliberated over simplifications
you recall no doudt the times of hyper inflation..in say germany/japan..after ww2..or argentina..or more recently zimbabwe where it costs millions[even billions].. of paper marks yen etc just to buy a postage stamp pre the hyper inflation...there was a coin after the hyper inflation is the coin the metalic values..of the coin have not changed but the paper values have fallen.. in comparison to the other fiat currencies [this is simple money market forces..[the paper e-con/omy] but those in the know...get in early convert their paper..into coin..[the real econo-my] lets go a simple egsample pre 66 a shiling had in it..5.67 grams of sterling silver post 66 [at decimalisation]..it had 5.66 grams of nickle.. and was called a ten cent piece... THEY STOLE OUR SILVER gave us nickle those in the know.. got the round 50 cent pieces containing 31.28 grams composed of 80 percent silver/20 percent copper few knew..so the mintage of 36.454.000..lasted till 1969 when the next batch of 50 cent pieces was printed [weight 15.55 grams..composition 75 percent copper/25 percent nickle] now lets say we hit hyper inflation against newzealand...[which has simular weights measures/coinage] the coin metal[silver value]..will ensure those in the know..keep their silver coin... while the paper notes hyperinflate say to one million 'dollars'..to one dollar nz* now say you got one million dolars in silver[coin] are you fool enough to trade it for one paper nz dollar ie to trade 5 million dolars of silver for one nz paper dollar ya think bankers dont know this? [i had a childhood friend] son of a banker..his 'job' was to go through all the new coins [as late as eaerly 70's.. to GET THE SILVER SHILLINGS/sixpences/threepennies ETC.. out of the windfall easy money..from fools who dont know any better [heck im still finding silver shillings in coin today] Posted by one under god, Saturday, 16 April 2011 7:55:51 AM
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im saying
*RETURN OUR COIN TO ITS TRUE VALUE [in silver] to what it WAS PRE THE THEFT OF IT ALL IN 1966 not put in 200 dolars worth of nickle make 20 cents of nickle=20 dollars in PAPER till yoiu clearly get that its no use trying to explain it further GOVT CAN MAKE COIN VALUE..be whatever it says it to be after declaring a ten cent piece..to = 10 dollars re-minting the new coin..[the same weight/size as current coins] their face value will.. be true to its traditional value[in silver] [and the bankers can keep their STOLEN gold/silver] THE nickle coin REPRESENTS one worth its..weight..in silver it isnt silver... its justice now re-read the fruits of RE-capitalising the poor with pennies.. worth their real values not nickle values..but nickle weights representing silver value ...by weight GOVT BAILING OUT THE POOR PEOPLE FROM THE BOTTUM UP [TRICKLE DOWN dont work] its tiome we paid those who pay for everything what they really are worth...in coin that represents the same values as when we set govt the job of protecting the intrests of ITS PEOPLE not serving big busioness bonus and bailout BAILOUT the people not the capitalists.. with notes they print at will that govt needs to borrow AT INTREST *from the money changers why you chjose to not see isnt for me to fix read the links [go watch yesterdays keiser peport link previously posted] mate soon those using bailout funds to speculate on food..will set up hyper inflation styarving people are as deaf as you are pretending to be Posted by one under god, Saturday, 16 April 2011 8:01:26 AM
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we have bailed out banks
by assuming debt collectivly/unfairly
[the bankers are allready..back on their self bonus cycle]
and globally the 'people'
govt is charged to serve and protect are being collectivly/selectivly..further impoverised
these people are the same ones big business needs to consume
[instead they will be paying[as will their children]..
for a long time to come...for the bankers crimes
by returning the coin..
back to its origonal silver values
is only being fair..
us monetising cheques[bond]..
that need to repay at intrest..
wont be good for anyone..in the long run...
the gain for the people will be but brief..
[people will soon spend it back to the big business people]
we saw ussr collapse..
and the people got a dividend..in shares
recently we saw capitalism collapse..
and all we saw was them pass on their debts..to govt..ie the people
capitalism is meant to let the market adjust
people are supposed to go bust and those risking the dollars left to share the pennies...the main theory of capitalism...[discount]...seling something at its TRUE market value
to use your own words
""No-one is robbing anyone with discounts...They are a perfectly simple mechanism..to satisfy buyer and seller,that they are each getting a good deal*.""
we havnt got a good deal
in bailing out bankers
even the quantive easing
[govts selling bonds...at intrest..
to give intrest free loans to the rich..
to..lol kickstart the economy..
which..is only allowing extra mkarket distortions
into resources...[the next bubble that may bust]
globally the unrest about food rising
25 to 35 percent..is allready causing unrest
the people need
a return back to true values..
[real change*..we can believe in]
if we need to bail
your masters out yet again..
or we
are expected to repay
the money..*they collectivly/individually..spent
http://dailybail.com/home/goldman-traders-tried-to-manipulate-derivatives-market-in-07.html