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, Thursday, 21 April 2011 7:25:41 AM
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Well, thank you for the additional digging, WmTrevor, you found the up-to-date information that I missed.
But I think you may also be confused by the billion/trillion problem. My trusty calculator goes into meltdown when playing with numbers like these, so I pull up a spreadsheet instead. >>The US Mint actually produced 2.354 trillion pennies in 2009<< The data that you provide says 2354.00M, which comes from here: http://www.usmint.gov/about_the_mint/coin_production/index.cfm?action=production_figures&allCoinsYear=2009 By now you probably know where this is leading... 2,345.00 million is in fact 2.345 billion. Not trillion. Which makes a bit more sense, as this is only $0.07c per person. Interestingly, if you use the same source and change 2009 to 2001, you find that in that year they minted 10334.59 million (which, as we now know, is 10.3 billion), which given the population that year was actually $0.36c per head. Or "only" 36c a head, whichever way you like to look at it. No matter. I think we have finally ended the math lesson, for which, I am sure, one under god is truly grateful, since he obviously hates it. >>anyhow im not a math wizzard like you<< The only point of following this particular trail anyway was to highlight the silliness of the "multiply coin vales by ten" bee that he has in his bonnet. The "convert to metal" idea has no legs either, I'm afraid. >>If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods.<< If "everybody" did that, the Banks would be empty, and would have to close. Think about that for a moment in a practical, rather than an ideological manner. Consider the path of a bottle of milk from the cowshed to the shelf in the corner shop, and explain to us all - roughly - how that might work. Banks are a fairly important cog in that process, once you stop thinking politically. Posted by Pericles, Thursday, 21 April 2011 10:30:57 AM
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Dear Pericles,
As they say on some television shows, here is one I prepared earlier… Or it least a post I wordprocessed off-line last night while I tried to work out why my USB modem connection kept failing (faulty USB extension cable). "Dear Pericles, With reflection I worried that my reference to conspiracies was too oblique and obscured my attempt at *intrigue*… the points I hoped people followed were the first site mentioned trillions, the US mint site numbers matched, but in a table open to interpretation. A cursory look would confirm the basic numbers and assume the 'trillions' still applied. The US mint produces a lot of coins, but merely several billions of them a year." I wish I had been able to get back here before now, it may have saved you some time which I am prepared to compensate in cupras. But I am hanging on to my 1930 Australian proof penny. Apologies. Posted by WmTrevor, Thursday, 21 April 2011 2:58:06 PM
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ok glad we finally got the numbers straight
but lets get back to the math what is 2.3 billion times 2.500 grams [how close is it to the 'face value' of $23.54 million] this number equals the cost price of the zinc we could do it proper values including the copper [one cent coin is 2 percent copper..98 percent zinc] anyhow lets go the ozzie penny weighing 9.45 grams.. [exchanged for a cent/weighing 2.59 grams] there were 12 pennies [weight 113.40 grams] we were conned into trading for 5.66 grams of curpa nickle [if we traded them for a 10 cent piece] or if we traded a shilling [sterling SILVER weight 5.65 grams of silver excanged for 5.66 grams of cupra nickle] any fool can see we got scamed if only by trading 113.40 grams of copper coin[pennies] for 25.9 grams of copper cent pieces even in trading 12 coppers for 10 cents we got ripped off then it was 24 shillings to the pound but we gave up a pound for a measly two bucks [or twenty-four silver shillings [weight 135.60 grams/silver for 113.6 grams/of nickle] sems we get the shaft because we trust others to do the math fool me once shame on me fool me twice shame on you for me the math never seems to work in favour of the litle guy allways those expert at 'money'.. get the big win we can round up or round down but we get screwed all the same by the same greedy money/changers the facts are there for all to see* it simply needs an honest broker to run the real numbers then we can play by honest rules..not scam the ignorant guy the coin-age scam is nothing to the fiat-money scam which pales into insignificance with the cyber/credit scam Posted by one under god, Thursday, 21 April 2011 3:22:28 PM
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And an afterthought… I suggested the 'hold gold' idea as a personal solution for oneundergod's concerns and referenced the quote from Alan Greenspan in Wikipedia to show there were other similar lines of thought.
I suspect we are in 'violent' agreement. Your last sentence also works worded as, "Banks are a fairly important cog in that process, whether you stop or start thinking politically." Posted by WmTrevor, Thursday, 21 April 2011 3:37:58 PM
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pers quote/""The "convert to metal" idea has no legs either,..I'm afraid.""[so you should be]...lol
im not saying..convert into metal im saying..restore the true-value..of the metal BACK..into the coin we had coins..of silver with silver values* the silver..has been stolen[its gone] but the criminality of the theft is clear! to fix that would mean returning..100 times current values back into its face value.. but..this semed a step too far.. so i accept 10 times..*as being fair i too had trouble posting yesterday but lets look..at your egsample..today ''>>If everyone decided,to convert all his bank deposits to silver or copper or any other good,""" thats not what im saying im saying keep the notes just re adjust the coin values back closer to traditional and currently more true *market values based on their traditional representative value.. and real metal market value..based on current metal quality/content but you waffle on..""and thereafter declined to accept checks as payment for goods,"" im not saying that either nor credit bnor notes only re-adjust coins face value ""bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods.<<"" this is pure hyper-bile notes will still be notes exchanged for other notes and coin ONLY COIN WILL GET REVALUED ""If "everybody" did that, the Banks would be empty,and would have to close."" mate thats insane ""Think about that for a moment in a practical, rather than an ideological manner."" think about WHAT IS FAIR stuff practicality..[ie the THEFT of gold/silver/copper] work with what we got revalue the value that remains that soon will get stolen..by the same means by the same crooks..[not your bankers..but the fed..run by 12 of them] stop thinking politically! you didnt steal the silver [or did you?] why are you defending the indefensable? Posted by one under god, Friday, 22 April 2011 6:57:54 AM
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the any possability..of the gold standard has flown]
so too has that of silver..[as others have pointed out on the links
there isnt enough gold/silver left to do the job]
its for this reason i suggest the cupra nickle equiv-lent
mainly that the current coin is near its parity in cupranickle
[revising the values now..by the facter of ten..should see us safely through the next few inflationary cycles]
these are inevitable
the links reveal an upcomming food crisis
and a rush into having real commodity values are only bringing the time of urgent action all the more forward..
little metioned as yet
is the shortness of the global inventry
[the just in time...delivery..allready has seen a shortage of componants to build vehicles and soon other stuff...because japan cant produce its part of the production cycle..due to its current trials]
there is also the old trick..comming home to roost
of wages..and global levies and taxe/burdens...mainly upon the poor[its well known to take tax from the few rich dont return as much as the same tax upon the poor]thus the use of acces rather than user fees
that is going to reap its fruits
now the true unemployment
[over 40 percent just in usa]
soon the same i europe..reveals
'austerity measures burdened upon the poor..
isnt going to pay for the excess of the elite and wealthy
we are fast going to the wall
if the poor dont get a bailout...soon
[and hiding the truth..isnt going to work for long]
my base revalue micro adjustment of coin
is as i see it...a matter that can be reseting..
[or rather putting into temporay abayance]..the inevitable collapse
capitalisation of the poor
because sending the consumers broke..wont work
[trickle-down affect has failed]