Filling up albums

cmbdii, I have the feeling that we live in two different worlds when it comes to viewpoints on a host of issues but it seems to me that beneath all of the surface layers of thought our hearts want the same thing. The ability to live ones life in freedom and opportunity with the ones we love in a world based upon character and moral values. I will look up those San Marino coins and what do you think about a coinage series on the Bill of Rights?

 

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I like the 1993 three coin Bill of Rights commemorative series of a silver half dollar and dollar and a $5 gold piece, mainly because it consists of three precious metal coins. If you meant a series struck under the authority of the federal reserve and made of ordinary industrial metals like the current circulation coinage, I would consider such a series a sort of sick joke on us all.

The modernistic design of the1987 US Constitution commemorative set is pretty nice, though it's a pretty big departure from the more traditional art such as that on the early to mid 20th century coinage, but it's still nice art, IMO.

 

cmbdii, I know you don't like the industrial metals for coins and I wouldn't collect them as investments. I like you go for the real deal. However, I would have a concern if the USA used gold and silver for its basic currency for then foreign elements that are already hostile to us econmically can use their massive petro dollars on the currency market or in basic trade and drain our gold out of the country and hence our gold standard will go with it. Then again, I never really studied the subject.

 

I'm sorry, but I can't follow that line of reasoning. When dollars are valuated in gold, how can someone wipe out the gold standard by presenting gold certificates to be redeemed in gold?

The currency circulating today is owned, not by the US Treasury, but by a cartel of private banks which make up the federal reserve system. The US can only reinstate the gold standard by repealing the federal reserve act. When they do that, the federal reserve banks are responsible for the currency in circulation not the US Treasury.

In Asia and in the middle east, regardless of what official currency is issued by any government, the people hold all their wealth in gold. Once any major monetary issue becomes gold based, anyone wishing to trade with the holders of that issue will have to bring gold to do their buying, and will have to accept gold for their goods.

Would you rather see the US be the first to monetize gold, or would you rather see Red China or the EU beat us to it? Somebody is going to do it pretty soon.

BTW, some of the dealers I buy from have been selling gold to Chinese buyers at a premium over spot for quite awhile, so the gold is leaving the country anyway, while our currency is steadily falling in value. Who has the most US paper to throw at our domestic gold supply, OPEC nations or Red China? Bear in mind, when gold is monetized, the government doesn't own it. It is owned by the bearers, and is known as "portable property". The only reason the treasury was holding gold reserves before 1933 was because they had issued gold certificates as paper currency.

We'll look pretty cute trying to buy back our gold coins from the Chinese with federal reserve notes.

 

cmbdii, I am very much interested with your views of the federal reserve banks. I never really studied the subject but I seem to recall that Andrew Jackson attacked the old banking system. The Rockerfellar family is very involved with the World bank. Is there any linkage and who is in control of the federal banks. I remember going into their New York branch and always being screened by federal agents that belong to that banking system.

 

No, Jackson didn't attack the old banking system. He opposed the establishment of a national bank on the grounds that it was unconstitutional, which it is. The Federal reserve act is also unconstitutional and has brought us to the brink of ruin. We had a president, Woodrow Wilson, who signed the act saying "I have just ruined my country". How he realized that and still signed it is a puzzle.

There is a wealth of information of the fed available online. Start with "The Creature From Jekyll Island". Do a google search for it. It's interesting reading and can give you a much more accurate view of what our money really is these days and how it got that way.

It's hard for me to understand how anyone can know that our coins were once gold and silver and still think that money doesn't have to have intrinsic value to last as a medium of exchange. Every fiat currency ever established has ended up being worthless. There are no exceptions.

Ours is rapidly approaching the end of its run.

 

cmbdii, seems like no one else wants into this conversation so I will end my part with this last post. Did a quick read on Jekyll Island notes and did see the Rockefellar connecton. Funny even today they are active. Last I heard David was running the world bank and there were a few ex-presidents children in high offices. As for Jackson, I really haven't read up on him since High School and thats been so long ago it seems like it never was.As for the middle class, we are just upperty sharecroppers who rarely own anything and live and rent other peoples processions, i.e. mortaged houses,loaned cars..etc. Don't worry, the New World Order people thought they could team up with OPEC without realizing that the OPEC nations for the most part were just using the Western nations resources and know how to make their "own thing". Now they don't need us so things are exploding and Red China got there "own thing" so theres at least three major powers that are at odds with each other. Maybe when they bump heads it will give the dire need for the cream to rise.In the meantime, I buy some more gold coins and hope South Africa or Nambia doesn't flood the market.