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Ron Paul and Ed Moy - Financial Services Hearing on Coinage July 20 2010
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<p>[QUOTE="PeacePeople, post: 954128, member: 20082"]Am I the only person that is just amazed at the volume and amount of money that is going from the mint to the 3 suppliers of the planchettes? Think about it using "math for dummies". 30,000,000 planchettes at $15 per, using a very round number from last year, and most likely not correct iis $450,000,000, divided by the 3 supplies for them is 150,000,000 divided by the 12 months is $12,500,000 per month if divided equally per month. I wonder what happens if they are late in paying the bill? How much interest accrues on that monthly? What are the penalties if paid late? I guess my entire point is this, unless you have a huge bankroll and can afford that float, who would want to be their supplier?</p><p> </p><p>The above is for the ASE only, which is what the beginning of the video was about.[/QUOTE]</p><p><br /></p>
[QUOTE="PeacePeople, post: 954128, member: 20082"]Am I the only person that is just amazed at the volume and amount of money that is going from the mint to the 3 suppliers of the planchettes? Think about it using "math for dummies". 30,000,000 planchettes at $15 per, using a very round number from last year, and most likely not correct iis $450,000,000, divided by the 3 supplies for them is 150,000,000 divided by the 12 months is $12,500,000 per month if divided equally per month. I wonder what happens if they are late in paying the bill? How much interest accrues on that monthly? What are the penalties if paid late? I guess my entire point is this, unless you have a huge bankroll and can afford that float, who would want to be their supplier? The above is for the ASE only, which is what the beginning of the video was about.[/QUOTE]
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