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This insane "law" was presented on a radio show today (no, not Limbaugh/Beck/etc, think small scale audience). Who would actually follow such a "law", considering that the money you have earned is now yours and no longer the government's?
This insane "law" was presented on a radio show today (no, not Limbaugh/Beck/etc, think small scale audience). Who would actually follow such a "law", considering that the money you have earned is now yours and no longer the government's?
Now where is jetgraphics when you need him ???
That money is not money..it's an I.O.U.
The coins themselves have barter value.
Once melted the metal has real value if you understand that.
Even coins? It doesn't say "federal reserve note" on the coin. How is the money you earn not your property? Who would dream up a demented system like that?
That still doesn't address my question. Since it's your property, how is this "law" enforceable?
It's not really. Who is going to know what you did ?
Until the DHS can watch our every move 24/7 you can melt away.
Used to be pennies/nickels that garnered some money for the melted metals. The metal was worth more than the face value of the coin.
Government big shots just got worried that it would lead to shortages of coins in circulation.
I'm not an expert on the subject but this how I understand it, someone please correct me if I am wrong.
You earn a 'value', not currency. Currency is a government property that secures the value of your earnings and assets. It is yours to spend or store as you like, but its material existence in the form of bills or coins is essentially government property.
That is to say the government could theoretically 'take your currency away' as long as they continue to secure your assets. For example, the government could 'take away' your dollar bills by issuing another currency of equal value, say a One-dollar coin, to which you would have a right in exchange for the now worthless dollar bills in your possession.
I'm not an expert on the subject but this how I understand it, someone please correct me if I am wrong.
You earn a 'value', not currency. Currency is a government property that secures the value of your earnings and assets. It is yours to spend or store as you like, but its material existence in the form of bills or coins is essentially government property.
That is to say the government could theoretically 'take your currency away' as long as they continue to secure your assets. For example, the government could 'take away' your dollar bills by issuing another currency of equal value, say a One-dollar coin, to which you would have a right in exchange for the now worthless dollar bills in your possession.
I dunno...that sounds like lawyer speak to me. I work/produce, I earn something in exchange. Whether it is wampum, gold, or coins, it is irrelevant. The government cannot have it both ways.
I dunno...that sounds like lawyer speak to me. I work/produce, I earn something in exchange. Whether it is wampum, gold, or coins, it is irrelevant. The government cannot have it both ways.
Should be this.
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