Washington State proposed bill to make gold and silver legal tender

Will cashiers have to be trained in how to test gold and silver and be equipped with a testing kit? That is what I don't understand. I bought some 1 gram "buffalo bar" the owner claimed to be "solid gold". Turned out it was gold-plated and was sent right back.

 

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That will be fun at Starbucks... so long Plastic!

 

One very reasonable way the modern world would use gold and/or other PMs as currency once again would be to use paper money backed by gold. It is a very legit system, its just greed takes over and people want to create money from thin air like all the fiat money we currently see in the world.

 

Oh really? And that same government you will trust to give you your gold on demand when the world comes to an end?

ROFL!!

 

This is why gold laced paper currency makes a lot of sense to me. Having the gold standard built into the money, just like with gold and silver coins would help bolster faith in it. There has to be a way modern technological advances can make this happen, somehow ensuring it will stay in good enough condition so there's no concern about the gold always being in the paper.

 

Gold Laces in paper, that is the best thing to do with a limited gold supply in a modern economy. And here I am for years wasting it on high end computer connections.

 

If gold is so valuable, how is it the more you wear, the cheaper you look?
We could go to a Gold Chain standard.

 

http://www.chrismartenson.com/blog/trouble-money/73469

In case anyone is interested, here is an article that is a case study. This article shows incorrect interpretation of graphs using dollars as constant units. His analysis is misleading, ill informed, and worst off he wants you to pay to be able to read page 2.

So much of this stuff is intentionally misleading to either sell subscriptions or increase viewership. If its not misleading on purpose, then the author is an idiot. Either way the reader is worst off for the story.

Just an example of the types of charts I have warned people on here about, and their misuse. You see it everywhere, especially "doomsday" articles.

 

Gold and silver are already american currency but the frs came along and dropped a duce on the u.s. economy and replaced it fiat... look all we have to do to take power away from fiat and the frs and bring us back to world power ... is enact presidential executive order 1963: Executive Order 11110: Delegating the authoritytoissue silver certificates under the Agricultural Adjustment Act of May 12, 1933 to the Secretary of the Treasury and re~isssue silver certificate notes and bonds problem solved

 

Executive Order? Silver Certificates? 1963? = :sniper:

 

I think you are confused on the actual sequence of events.

http://en.wikipedia.org/wiki/Executive_Order_11110

Read the section on revocation and removal of authority to do so. It is right above the CONSPIRACY theory section.

 

Gold and silver haven't been legal tender at least since 1856

 

Can you expand on how this is misleading and ill-informed instead of stating that is the case without providing any information to support your claim? The chart has static variables on each axis, not on a basis of percentage in which case I would agree with you. Regardless of if you use a 5 year span or a 1 year span the only difference is how sharp or drawn out the grade will be, but notwithstanding the chart the numbers themselves clearly show exponential growth. I do not understand what is misleading here, and if you are going to try to undermine someone who backs up everything they say with information you should at least try to do the same.

 

Its misleading for you to say the charts show exponential growth sir. If you reset the Y axis, you would see the exact same "exponential growth" at any point along the graph, yet if you rest the Y axis to what will be needed in 10 or 20 years todays growth does not look exponential.

Like I said, I went over it earlier, and technically the numbers are not wrong, its the nature of this type of graph to always lead you to a "exponential growth" conclusion. Plot nearly anything priced in dollars over time but treat a dollar as a static item, and you will see the exact same pattern, which is simply the pattern of compounding.

Why do you think you see these graphs SO OFTEN on websites trying to argue such a point? Graphs are powerful devices, and convince people better than words. As such, this is the go to graph type for anyone wanting to shock. Its pretty insidious if the person knows what they are doing. I will admit that I believe most simply do not know what they are talking about, see a chart like this, and think they "know" something. Either way, I hate these graphs. I hate them because 95% of Americans or more simply do not understand how this is misleading.

 

Anyone try to pay their taxes in Gold in Washington State yet?

 

dup, plz delete

 

What if there is no growth? Then resetting the chart like this will hide all the data and the chart becomes useless. Your concept fails on this very simple example. It doesn't change whether there is exponential growth or not, it only makes it impossible to determine.

Resetting the Y axis on charts only when it suits you is exactly what you are arguing against. What you suggest isn't done in any shop that I've seen using any kind of scientific approach to examining chart data. What you are really suggesting is to move to a logarithmic scale. This handles the problem you state without being selective in its use. In that case it's extremely easy to determine if future growth is exponential or not. They don't, as you suggest, toss out present day values, by resetting the scale to essentially eliminate them.

 

Oh God, your being so belligerent. He is telling you that Axis needs a standard reference, not that he is randomly creating a standard, but that the standard your using is inherently flawed.


Pardon him if his pointing out that your charted was being untruthful.

Ruben

 

BTW - did you pay your taxes in gold yet? That is what this thread is supposed to be about.

Ruben

 

On a chart of growth over time from the present, the present IS the standard reference. What is being argued is to remove the present day values from said chart.

I would have expected that someone who claims to be a pill pusher might have known this bit of elemental mathematics.