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Old 07-31-2011, 06:58 PM
 
19,226 posts, read 15,321,408 times
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Quote:
Originally Posted by hilgi View Post
Greenbacks were debt free, read the difference in my other post.
They were debt-free, but they were still fiat per not having any intrinsic value.

They were fiat.

Debt-free fiat money.
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Old 07-31-2011, 07:05 PM
 
Location: South Jordan, Utah
8,182 posts, read 9,212,194 times
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Quote:
Originally Posted by ergohead View Post
They were debt-free, but they were still fiat per not having any intrinsic value.

They were fiat.

Debt-free fiat money.
Of course yes. I have no problem with fiat money as long as the quantity is controlled.

Gold and silver would be fine as a competing currency issued by the states and exchanged by weight, not a set price. Just like we did a couple months back here in Utah!
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Old 07-31-2011, 08:30 PM
 
Location: Dallas
31,290 posts, read 20,737,754 times
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Quote:
Originally Posted by redroses777 View Post
Oh, and they give guns to Mexican drug cartels so they can kill people, but heaven forbid a law abiding citizen wants a firearm for protection then they have to go through background checks, waiting periods, or may not even be able to buy a gun.

Maybe Obama's guys did a background check on the Mexican gangs they gave guns to... maybe they registered those guns.

Just askin.....
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Old 07-31-2011, 08:37 PM
 
19,226 posts, read 15,321,408 times
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‪"What is a Dollar?" RonPaul at Dr Thomas Hoenig July 27, 2011‬‏ - YouTube
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Old 07-31-2011, 09:14 PM
 
Location: South Jordan, Utah
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Quote:
Originally Posted by ergohead View Post
Ain't much difference.

Utah is practicing tokenism.

"A token character is a character in a work of fiction who only exists to achieve the minimum compliance with assumed normality for the environment described in the story."

Tokenism - Wikipedia, the free encyclopedia
It is very real, no state tax on the transfer of gold or silver coins in Utah.

You keep jumping from one thing to the next, I thought you were for a gold and silver standard, now your against gold and silver. Make up your mind what you are against.
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Old 07-31-2011, 09:15 PM
 
Location: South Jordan, Utah
8,182 posts, read 9,212,194 times
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One area I disagree with him on, even though he is more interested in gold being a competing currency.
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Old 08-01-2011, 12:02 AM
 
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Quote:
Originally Posted by hilgi View Post
It is very real, no state tax on the transfer of gold or silver coins in Utah.

You keep jumping from one thing to the next, I thought you were for a gold and silver standard, now your against gold and silver. Make up your mind what you are against.
Well tell me, which form of currency to you think will become most widely used in Utah?

Paper or metal?
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Old 08-01-2011, 08:01 AM
 
Location: South Jordan, Utah
8,182 posts, read 9,212,194 times
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Quote:
Originally Posted by ergohead View Post
Well tell me, which form of currency to you think will become most widely used in Utah?

Paper or metal?
Paper, the other G&S would be used by people who want to hedge inflation.

If we had non-debt based currency and each state had legal gold and silver, we would have a great monetary system.
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Old 08-01-2011, 08:14 AM
 
19,226 posts, read 15,321,408 times
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Quote:
Originally Posted by hilgi View Post
Paper, the other G&S would be used by people who want to hedge inflation.

If we had non-debt based currency and each state had legal gold and silver, we would have a great monetary system.
That might be what Libya has, which may explain why we are at war with them.

List of National Debt by Country | Economics Blog

Perhaps Utah doesn't play well with others, also.
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Old 08-01-2011, 08:22 AM
 
19,226 posts, read 15,321,408 times
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Quote:
Originally Posted by Memphis1979 View Post
Owning someone elses debt is an asset, and you can pay for things with assets.

Its the same thing as mortgage swaps that Wall street was doing.

If the United States holds no debt itself, but holds the debt of others, its still an asset to show what you are worth.
Hey, nice scam, Elvis.

Sounds pretty Liberal.

Keep the gyrations going.

http://www.gwu.edu/~nsarchiv/nsa/elvis/elnix.html

Now, let's talk about chickens, homes, and roosting.
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