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<p>[QUOTE="Tom Maringer, post: 239498, member: 7033"]So... let me get this straight... according to the US treasury, real metallic silver is illegal to spend... and fiat paper currency unbacked by any collateral whatsoever is considered "real"? Isn't that rather interesting? It would seem to me that this is exactly the situation that Bernard is trying to remedy. His stated goal is to provide a working metallic medium of exchange that will cause the US government to go back to a metallic standard. We've got a government issuing worthless notes, which have "value" only as long as a large enough percentage of us continue to believe in them. We tend to think of prices as having gone up over the years... but that is merely the inevitable result of a dollar that has continued to fall. Only the costly miltary support of the dominance of the dollar in petroleum markets has kept the dollar from tanking completely. China is sending us cheap plastic crap and buying gold, land, and corporate assets with that capital. When they have enough gold they will be able to create a true gold-backed currency in the Yuan, and there will be no further need for anyone to hold dollars. The dollar will fall below 10% of its current value, destroying much of the American economy. China will have won the war without firing a single shot.</p><p><br /></p><p>The only way to prevent this is for the US Treasury Department to abolisgh the Fed and return us to a silver/gold backed currency. </p><p><br /></p><p>The stated goal and purpose of the Liberty Dollar is to convince the Treasury that this is, in fact, the only course available which can and will preserve the republic. In this sense, the issuers of the Liberty Dollars are true patriots and deserve every bit of support we can give them. I urge you to donate to their legal defense fund and purchase as many coins from them as you can. If they are defeated in court, and the Treasury does not listen, then our economic defeat and the loss of our republic becomes virtually inevitable.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom Maringer, post: 239498, member: 7033"]So... let me get this straight... according to the US treasury, real metallic silver is illegal to spend... and fiat paper currency unbacked by any collateral whatsoever is considered "real"? Isn't that rather interesting? It would seem to me that this is exactly the situation that Bernard is trying to remedy. His stated goal is to provide a working metallic medium of exchange that will cause the US government to go back to a metallic standard. We've got a government issuing worthless notes, which have "value" only as long as a large enough percentage of us continue to believe in them. We tend to think of prices as having gone up over the years... but that is merely the inevitable result of a dollar that has continued to fall. Only the costly miltary support of the dominance of the dollar in petroleum markets has kept the dollar from tanking completely. China is sending us cheap plastic crap and buying gold, land, and corporate assets with that capital. When they have enough gold they will be able to create a true gold-backed currency in the Yuan, and there will be no further need for anyone to hold dollars. The dollar will fall below 10% of its current value, destroying much of the American economy. China will have won the war without firing a single shot. The only way to prevent this is for the US Treasury Department to abolisgh the Fed and return us to a silver/gold backed currency. The stated goal and purpose of the Liberty Dollar is to convince the Treasury that this is, in fact, the only course available which can and will preserve the republic. In this sense, the issuers of the Liberty Dollars are true patriots and deserve every bit of support we can give them. I urge you to donate to their legal defense fund and purchase as many coins from them as you can. If they are defeated in court, and the Treasury does not listen, then our economic defeat and the loss of our republic becomes virtually inevitable.[/QUOTE]
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