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The Forum > General Discussion > Utah goes for gold and silver currency.

Utah goes for gold and silver currency.

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Before you ride off into the sunset on your high horse, one under god, have another attempt to answer the two key questions in my previous-but-one post.

"It is January 1st. You have a metal coin that is worth exactly the price of a loaf of bread - let's say, $2. By July 1st, after hyperinflation has set in, a loaf of bread costs $2 million. How many loaves of bread will you get for your metal coin?"

"It is January 1st. You have a metal coin that is worth exactly the value of its metal content - let's say, $2. By July 1st, after hyperinflation has set in, the same amount of metal costs $2 million. What is the value of the coin in your hand?"

You even provide the key to unlocking the solution:

>>so dont be saying a coins metal
deflates the same as banknotes<<

Of course it doesn't "deflate". But it moves in lock-step with the purchasing power of the currency it is linked to. So the $2 coin may end up being "worth" $2 million. But it still only buys one loaf of bread, does it not?

You do make an interesting point though.

>>the twisted egsample you quoted
is an absurdity...metal holds an international value
silver dont care what coin its in.<<

It is of course absolutely true that metal is traded internationally. So think through the same example, only from an international perspective.

It is January 1st. You have a metal coin that is worth exactly the price of a loaf of bread - let's say, $2. It will also buy the same loaf of bread in the next-door country.

By July 1st, after hyperinflation in your country, a loaf of bread costs $2 million in your country. How many loaves of bread will you get for your metal coin a) in your own country and b) in the next-door country, which has had no inflation at all?

>>i hope your not advising people about finance
as you dont have a clue of the reality..past the base spin<<

That's funny.
Posted by Pericles, Saturday, 16 April 2011 5:32:27 PM
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Dear one under god,

You obviously care very deeply about the issues you raise… I'm sure many OLO posters would find themselves affronted by more than one of the (very) many conditions, situations and explanations to which you have given links. There's enough malfeasance in the structures and operations of national and international financial systems to rail against without needing to include the unfounded, the untrue or the impossible.

Pericles' patient tutorials reminded me of my economic statistics classes – in the best possible way, of course. I would have told you the same things had I Pericles' skills at explanation but though I have read this thread from the beginning at least once a day for almost a fortnight, I didn't comprehend the suggestions you were making until about page 14.

If your concern is that the actions of governments, corporations and bankers make (however many) dollars you have worth less over time then you're concerned about these dollars' buying power. You do have a solution available… Spend as many dollars as you can afford to. Convert your inflation prone dollars into whatever has 'real' value to you.

Store as much of your wealth as you can afford to as gold and only convert as much of this back to money as and when you need legal tender. This isn't a perfect process – the value of gold will fluctuate – and the relative costs of things change, but it is as close to the principles you were proposing with your cupra coinage as I think you can get.
Posted by WmTrevor, Saturday, 16 April 2011 10:53:21 PM
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you are pretty close win
but i feel we have been systematicly ripped off

recall we changed penny weights
for cent weights

then lost our 1cents and two/cent coins

mate next its the nickle coins
[nickle is fast gaining parity
with its national/face value...INTERNATIONALY]

the only thing we can do
is return true values back into coin GLOBALLY...
over night..the worlds poor..get a bailout..all in

ie the 5 cents=50 cents..
10=$1..20=$2
50 cent=5$

and then we adjust[micro adjust]
so that a dollar coin=10 bucks
$2 coin=20 bucks

and the notes *stay at face value[and current/exchange rates]

the coins gradulally change
into proper face[with an extra 0]value

this relieves the strain..on the poor
now expected to bailout the bankers/elites

we could also bring back
the one cent as 10 cents
and two cents as 20 cents
but not in copper..but an iron coin plated in copper

even bring back..a token one cent in paper

BUT BACK TO PER/RIDICULES

as usual..your egsamples are found wanting
hyper-inflation..is local..*[so far]

like in zimbawe recently..
it left the global/others in the main..not affected

the metal is worth..the inflated price
ONLY in zimbabwe*..the metal equaled the zimbawe/price increase

for the rest of the world
the metal in the coin stayed the same 'price
*as priced in..*NON zimbawe money

but you seem to see
the absurdity of your own premise

so will continue explainig mine

you will recall..the pr/spin..
'in come the dollars..out go the pence'
it should have been..out go the pounds..to give you pennies

in the same catologue
a dollar note is worth[in 1989]
just one dollar...

[compare this to the 10 shilling note..*equivelent being worth $4]

it only gets worse when we compare coin
recall the 6 pence..worth 75 cents
the 5 cent..*we exchanged it for is woth 10 cents

so in one year
they not only took away our silver
they are still ripping out value today
just like with the theft of copper one cent/2 cents..!

dogs allways repeat tricks that work..have a payoff
fix the tricks..by adding a zero...to bailout the poor
Posted by one under god, Sunday, 17 April 2011 8:01:12 AM
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i realise its a seemingly huge step
but with the next intrest..[inflation cycle]
the metal value of the coin..will outstrip its face values

something needs to be done
will need to be done

adding a zero..is the easiest way to fix the aberations
govts need simply deem the coin values to add a zero
this capitalises the poor[a thing i advised rudd/swan..

that i fel might have helped..them
to give a cash grant to the people
[when the rest of the world was bying bankers debt..with bailout funds..lol..lent from the self same bankers..at intrest]

ie putting the debt of private excess
upon the tax payers..in lue of letting capitalists
buy up the discounted assets..ie letting capitalism fix its own collusive system

the globe is in severe stress
the bailouts capital...they promised would create jobs
ie filter from the top..down..and instead of doing jobs for the poor..

we find they are investing in resourse and food futures
[that will inevitably bring on hyper inflation and hardship as food/resource costs..[including metals] go insane]

its time the people got a break
its time those pennies were worth dollars
everything else has a market price..but coins dont
its time we nationalised coin..put real true values upon it

..before the next big metals grab..
by those who so cleverly stole first our gold..
then our silver..then our copper coins..and soon even our nickle coins..[ending the coin-age]..

with cyber credits..its in the bank
by whim of tghose controling the computers
records dont even need be shredded..

[then]..its simply
THEN..a matter of pushing delete...
[and all the proof of their crime is gone]

stop letting.."the most clever guys..in the room"
steal everything..then delete the evidence

DONT SAY YOU WERNT TOLD..!

[ya think people are angry..*now
you aint seen nothing...yet*]

wait till anger..[HUNG-er]..stirs them
from their slumber..
Posted by one under god, Sunday, 17 April 2011 11:29:43 AM
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http://dailybail.com/home/housing-rebound-may-never-happen-foreclosure-wastelands-ron.html
Housing Rebound May Never Happen,
Glass-Steagall Lite, Foreclosure Wastelands,
Ron Paul 2012, Wrist Slap For Banks,

And The 6 Most Ridiculous Things Ever Taxed

http://dailybail.com/home/e-trade-baby-loses-everything.html
E-Trade Baby Loses Everything

How Paulson Appointees & Former GS Employees Dan Jester & Ed Liddy Colluded To Destroy AIG And Secure A Secret Bailout For Goldman Sachs
http://dailybail.com/home/how-paulson-appointees-former-gs-employees-dan-jester-ed-lid.html

Painstaking detail follows. New angles, new details, new actors, while Henry Paulson stays behind the curtain, controlling the destruction of AIG, the pillaging of taxpayers, and the positive outcome for Goldman Sachs.

Part 2 of our look at mystery man Dan Jester.

http://revolutionarypolitics.tv/video/viewVideo.php?video_id=14608
the video says..Only way to stop the Insanity Is Cut Of the Funds

of course my fix
simply adding a zero to coin values
is more just..more fair...govt can simply pass a new rule[globally]

but hey so what
fools who dont realise inflation of paper values
is theft [deflation]..of real[true]..value
thus colluded thieving..

from your savings/from your wage
staying the same means its loosing in its relitive buying power

but there is more links
[i put them down to record the warning signs in one place
along with the cure...]

proud to be a truther
Truther: Slang;
A person who seeks Truth in Government,
Politics,Economics & Reality.

Truther is a term created by MSM / Military Industrial Strategists
to keep the masses perplexed, ashamed & confused
so as not to expose the corruption, lies,
Profiteering by the Military
Industrial Complex and
moral bankruptcy
in our world

BUT getting together
into another minour party
weakens the drive to personally work at bringing change

so saying
here is a feel good link
for those expecting..'others'..to fix it for you
http://theintelhub.com/2011/04/16/it%E2%80%99s-time-%E2%80%93-the-truth-party/

more rebutting the new carbon tax as a cure/all
http://revolutionarypolitics.com/?p=5325
Posted by one under god, Sunday, 17 April 2011 12:33:04 PM
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war mongers want's 700 billion more
http://www.youtube.com/watch?v=9VFIMTDfTDg
why are we spending it all on war?
[its economic activity]

FLASHBACK-Kaiser Goes Ballistic!: 'Pitchforks, torches, guillotines - all's fair in war on bankers'
http://www.youtube.com/watch?v=kw1iu7XNWao&feature=player_embedded
From about 1 minute to the end!

One More Time:
WAR is a racket.
It always has been.
http://www.lexrex.com/enlightened/articles/warisaracket.htm
It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope.

It is the only one in which the profits are reckoned in dollars and the losses in lives.
[noting civilian casualties have gone UP..IN EVERY WAR

ww1 it was arround 30 percent
in the latest wars its near 90%
are you sleeping?
A racket is best described, I believe, as something that is not what it seems to the majority of the people.

Only a small "inside" group knows what it is about.

It is conducted for the benefit of the very few,
at the expense of the very many.

Out of war a few people make huge fortunes.

BANKERS GONE WILD!
http://whatreallyhappened.com/WRHARTICLES/wildbankers.php

hiden costs?
http://www.spiegel.de/international/world/0,1518,756369-14,00.html

lol..imf cure
http://www.youtube.com/watch?v=seo8U5Vcnps
or are they the disease?

war on info
war on asistance of the ignorant
dont it just make ya think?..
saving pennies..so others..[BWANKERS}..can steal your house
http://www.youtube.com/watch?v=PwtOXlwgPUM
see earlier mortgauge seizure documents fraud link

someone elses idea of truth
about silver values
[ps dont buy paper promises]
http://inflation.us/silvertruth.html

geitners zietgiest
http://dailybail.com/home/geithners-crimes-through-aig-will-the-truth-come-out.html

The War on the US Economy
http://www.activistpost.com/2011/04/war-on-us-economy.html
The federal government claims the debt is $14.3 trillion dollars,
but other economists say the US debt is closer to $200 trillion (based on projected revenue and projected spending).

Either way, a $38 billion budget reduction makes no difference.

Especially when the federal government’s actual spending will decrease by a mere $352 million compared to last year- as reported by the National Journal:
http://revolutionarypolitics.tv/video/viewVideo.php?video_id=14601

iceland pm
soon to go to jail?
http://www.icenews.is/index.php/2011/04/15/charges-against-former-iceland-pm-expected-soon/
Posted by one under god, Sunday, 17 April 2011 12:56:02 PM
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