Quote:
Originally Posted by Leo58
Why does gold and silver have "intrinsic value"? The Constitutional prohibition against non-gold or silver coin was directed to States, not the Federal government.
Usury is bad, but how do you define it? Would you outlaw all collection of interest? Then I guess there would be no lending.
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Why does gold and silver have "intrinsic value"? Because it is a commodity that has a value in the free marketplace that is not determined by "fiat" or whim...That people see it as a valuable commodity is why it has intrinsic value.
Surely, you know that all of the founders and anyone who has read any history understands that fiat currency is a tool of theft used by governments to "tax", actually steal, wealth from the people indirectly without guns. Fiat currency is nothing but a method of theft for those who can "legally" counterfeit or "create" it.
Usury is evil and immoral and it always will be. No "service" or "investment" is made by moving around "money tokens". It is a false "value" created by the minds of parasites.