Posted on 10/14/2012 2:00:18 AM PDT by pansgold
Grow up and brush upon your own studies. . Yes it’s minted by the US mint but the stated face value has NEVER governed it’s worth, never except for dealing with the government. Do you have a pre-1965 dime? Will you sell it to me for $.11 and think you made a penny profit?
There's a difference between a Federal Reserve NOTE and 1 DOLLAR. The DOLLAR is real money with a value fixed by the U.S. Government and will NEVER be worth less or worthless like the overprinted fiat currency you call money. I talk apples and you have oranges. Congress COINED the real money and set the value according to the U.S. Constitution. Like it or not.
I have a 1909-S VDB penny. It's worth 1 cent and will get me a gumball from any old Ford gumball machine.
BTW I can sell it for hundreds of dollars but congress set it's value at 1 cent.
Got it yet?
The value of the currency is NOT the market value. In short it takes you 1,750 treasury notes to but $50.00 in real money.
Hey did you hear the fed’s printing tons of more paper notes? Next year you'll need 2,000 notes for a 1 oz gold coin.
The gold's not wort more... your paper is worthless!
It’s good you sent along the full value of your thoughts and brain power
You really have nothing to offer in an intelligent conversation
The constitution and rule of law put in front of you and you are still in denial. Funny how facts get in the way of your arguement that congress has nothing to do with the legal tender value of a 1 ounce gold coin made at the United States Mint.
Congress has everything to do with regulating the the value of real money. The federal reserve notes are just that, a note. A promise to give you something of value for one. They have no real set value. The notes are actual bank notes issued by the Federal Reserve Banks and issued by a for profit corporation that can print all they want.
Now read a bit more and sonny... get off the stage.
LOL!! Love those Green Bay Packers. They just spanked those Houston Texans... YEEE HAWWWWW!!
You think you can buy 1 oz. gold eagles fir fifty buck and you want the government to slap price controls on gasoline and you’re questioning my understanding? Listen, for perhaps the first time ever, congress can regulate the value of anything it wants but that has zero effect on the value of anything. The confederate congress set the value if it’s money at a time people were burning it for fuel. I understand you are not familiar with Gresham’s law or apparently any economic concepts but the willingness of the market to accept something is what sets the value of something. The fact that no one agreed with your original post tells us how the market values your ideas.
or is that Ma Dame
Real Money is NOT a bank note. Congress told the mint to add FIFTY DOLLARS to the back of the gold coin. That's it's value as REAL MONEY and is backed by the full faith and credit of the United States government to NEVER be WORTH LESS or worthless.
The words “...redeemable at any federal reserve bank in Gold or silver”; “redeemable in lawful money” and “Silver Certificate” have long since been removed. Congress did not abrogate it's authority to coin money and set the coins value. That's still being done.
I'm done wasting time because all I get from you is Saul Alinsky RULE 5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions.
You're on my stage now. You're on my post. I have never even read or responded to one of yours because I'd find them boring. Then I'd be on your stage.
Now go away sonny you bother me. See Rule 5 above.
Stop snorting your meds
WWWAAAAAAAAAAAaaaaaaaaaaaaaaaaaaaaaa
Go away baby.
Rule 5
Next personal attack gets reported to freerepublic.com ADMIN
Got it?
RULE <<< YOU SHOULD ALSO READ “Please: NO profanity, NO personal attacks, NO racism or violence in posts.”
Now go away.
Oh I got it, you post nonsense and object when someone calls you on it. Somehow you call that a personal attack. I’ll go away when I please; despite your claim, this isn’t your stage. If you don’t like the conversation or can’t compete in reasoned discussion you can always go away.
You’ve been reported.
The last thing in this world we need is for the federal government to take over anything. We need less government, not more. Get the government the hell out of our way! Let freedom ring!
That’s fine. They’re not my team.
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