Silver quarters.
Relative to the OP. Nothing will happen to gold except that pure gold will get processed into coin gold or something similar. It won't get cut...
I hold a US Treasury I-Bond for 5 years. Face value is $5000. So government gets $5000 of my Federal Reserve Notes for 5 years. When I redeem...
Indeed. Diamands & Rubys will continue to be valuable but not in terms of currency as they fail one of the basic currency tests. The test is...
They have crossed the event horizon. There is no mathematical possibility they can return the $ to historic levels so they will keep doing what...
To answer your question, it might have never been if the government was controlling the economy as it does now. Incentives to take the risk on...
This is nitpicking, IMO, and has nothing to do with the point made. I've laid out, in detail the differences between the USN & FRN. You guys...
I didn't say that the gold was seized when the Federal Reserve was created. I said that in order to make it viable they had to seize people's...
You miss the primary and fundamental difference between the two. The US Treasury can only issue USNs depending upon the true economic output of...
I agree. Keep them all.
Actually, if you want to fix the US economy then you have to put the people back to work making things. Bringing back trade barriers is the best...
You would want to be somewhere where the population is low, where the basic economy is not 100% dependent on global trade, where food production...
Ahh, but the only reason to eliminate the FRN would be to eliminate the debt associated with it. Sure they would do a 1:1 match for the FRN, but...
You guys, on the FRN vs USN arguments are making one big, and I do mean big, fundamental flaw in your reasoning. You are assuming the USN $= FRN...
Maybe Bullion Direct will satisfy what you are looking for. Specifically the Nucleo Exchange.
I never said that banks issue national debt. In fact I've said the federal reserve can create dollars without it being covered by Treasury debt....
The Federal Reserve system couldn't exist without this ability. Here is a very simple example of how this works. You have $1000, take it down...
They held a funeral for the Euro today. At least in Europe they understand the problem somewhat. Too bad the USA is a long way from something...
You just contradicted yourself earlier when you were stating that all currency represents national debt. It's the bankers that issue the...
Well, yes they did. The government seized the local banks and told the foreign creditors (mostly the UK finance industry) too bad. The...
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