Washington State proposed bill to make gold and silver legal tender

I don't doubt that charts of debt against gold value, the stock market, inflation, etc etc etc are all interesting. I like looking at them too. But they really have nothing to do with what I posted. My chart is nothing more than the increase in US debt data in real numbers. The point was about the increase in the amount of currency via debt that was enabled once we went to 100% fiat. It wasn't about the value of gold because of it. If we were to have that discussion then what you suggest might be relevant.

Medoraman's point is nonsense. And I am being nice about it.

 

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Webster's Dictionary - currency - something (as coins, treasury notes, and banknotes) that is in circulation as a medium of exchange. Fractional reserve banking has been practiced for hundreds of years - with a gold standard and without.

 

That is absolutely correct.

 

- Correct as a fiscal policy. It doesn't NEED to take taxes.

Wrong. It can raise tariffs, sell savings bonds, see treasury notes, issue guarantees and hundreds of other mechanisms that you never thought of because in your limited vision and understanding, you still think the US government is your personal checking account.

But if the Government wants to make the Dollar as rare as say gold, god help us if they ever do that, the simplest way is to raise taxes and remove dollars from circulation.

No - that is you POLITICAL opinion, but not a fact.

Wrong. For the Government money is nothing more than a tool to fuel economic growth...

I don't care about your opinion. I care about the facts.

That is an idea best cracked up by a bunch of old men drinking in an Irish Pub. The real Government doesn't need this, and neither does the rest of us crippling problem.

 

Yeah that is not true either.

 

Mind boggling. Really.

 

Fiat money has existed for hundreds of years too. I'm not sure what point you are trying to make.

 

How about how it is obvious that a gold standard prevents income taxes.

 

So you said....

I believe that it's people's actions that matter: So what did you provide in that post.?

Oh Dear. Not one single fact. In fact all of your posts are void of any facts. Now if you wish to provide some concrete examples or numerical numbers to prove any of this, then that would be another matter.

 

I'd just like to say that I'm enjoying the fatima-mrbrklyn bout. Why didn't we think of this before to get them in the ring together? This is better than Mayweather-Pacquiao could ever be. :hail:

 

Actually it is all verifiable fact, except for the Irish Pub. That is a figurative Irish Pub but you can sustitue Bowling Alley if you want.

Please explain to the Whole Wide World how the Gold Standard makes income taxes impossible!

Also, review this newsgroup and see any parallels in the argumentative style.

http://groups.google.com/group/sci.bio.paleontology/topics?lnk=srg&hl=en

 

Is this a question or a statement? Assuming you are asking I would think that someone with your self promoted education and credentials would immediately understand the folly of trying to collect a tax on transactions that do not depend upon federal currency and federal controlled banking system.

 

Cloud, I still love you. Please don't worry that I still consider you by biggest groupie.

 

I would simply LOVE clarification of how "On a gold standard, an income tax is impossible."

Read more: http://www.cointalk.com/t199751-14/#ixzz1rBGbosAB

Please, please, pretty please educate us on that. The ancient Jews had a 10% income tax before coinage was even invented, so I would LOVE to here this.

 

Then do some verifying. Else it's nothing but opinion.

 

Take some lessons and then come back in a few months after reading exactly how money and the economy and government work

http://wfhummel.cnchost.com/index.html

 

...um, on "transactions"? Are you talking sales taxes or income taxes? You are saying force of law, legally required information reporting, and audits of employers cannot ascertain how much employers are paying their employees?

I know how you never admit you are wrong, but I seriously think you should admit this one, since its so comical as to be remembered forever.

 

Obviously if you have income in gold only, you can't income tax it because because...hey then what would the government do with all that gold? Build a Temple in Jerusalem? Dollars just get shredded.

 

Not forever. Only as long as the Internet exists. I just don't want to have any exaggerations or opinions that aren't facts.

 

I haven't promoted my credentials or education. I'm just a lowly pharmacist who understands that the government uses money as a tool and not subject to it.