I'm still here on page 16. Banks didn't issue paper during the 130 years the US was on the gold standard?
I am still stuck here 3 pages back. Banks were not issuing paper during the 130 years the US was on the gold standard?
We are on the same page here - I believe - my responses are to InfleXion and to what I comprehend he is advocating - A Gold Standard with no...
With this I have to disagree. With a gold standard absent of fractional reserve banking then gold is the money and only gold is the money....
Overly generous I think. A gold standard absent of fractional reserve banking economic growth would also be constrained by gold inventories.
If their is no fractional reserve banking then banks are not able to loan out depositors money. The only revenue stream a bank would have is a...
If there were no fractional reserve banking - then what money would banks have to loan?
Yes your account is insured up to the prescribed limits but the government does not settle the claim by issueing the account holder a check or...
US citizens pay their income tax with dollars but they don't pay them with base money. Income taxes are withheld from your paycheck, you write a...
Revenue Act of 1861 - taxed income over $800.00 The Wilson-Gorman Tariff Act passed in 1894 taxed income over $4000.00 16th Amendment...
Webster's Dictionary - currency - something (as coins, treasury notes, and banknotes) that is in circulation as a medium of exchange. Fractional...
In a gold standard - gold only backs the base currency. Money in 401 Ks and in your bank account are not base currency - They are derivatives...
Lincoln Wheat Cents 1944-D WDDO 015 WDDR 008 1940-S WDDO 002 WDDR 002 1946-D WDDO 003 WDDR 005 1944-D WDDO 023 WDDR 015 1944-D WDDO...
Gold has been money for 5000 years yet there isn't a gold currency remining in use. Eventually all money systems fail gold based or not for some...
They are becoming more common in the scrap metal industry. Mostly with yards that do high volumes of non-ferrous metals. Not only are they...
If the money is pegged to your gold reserve preventing the arbitrary expansion of the money supply the only avenue available is to expand the...
From 1900 to 2010 the US population has grown from under 100 million to over 300 million. The world's population has grown from 1.6 billion to...
Are you saying your company takes physical delivery of CME futures? I have always veiwed this as a rare circumstance.
I would bet relatively speaking very little silver ends up in landfills. In fact I'm inclined to believe that 80% or more of all the silver ever...
You could also apply your scrap conclusion to steel, aluminum, copper and etc. In 2010 alone 100 million ounces wnet to striking bullion coins and...
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