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