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To: Toddsterpatriot

But the State can’t make payment of debts with any THING but gold or silver coin.

If you people started demanding payment for property grabs by States then soon it will stop.

Gold doesn’t fluctuate, the value of a federal reserve note fluctuates in it’s ability to purchase gold. Gold is payment in full. An ounce of gold is an ounce of gold, no more no less, it doesn’t fluctuate.

A federal reserve note is a denomination of debt in garantee of payment at some future time in paper. It’s debasement by flooding the market in more paper, thus inducing inflation is legalized theft by stealing the purchasing power of a workers compensation for their time and labor.


30 posted on 08/15/2007 5:27:17 PM PDT by Duke Phelan (Save the cheerleader, save the world.)
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To: Duke Phelan

I like your idea. If I don’t win, maybe your plan could be implemented. I think they will have to justify this action, by unelected bureaucrats that don’t even live within 50 miles of me.


32 posted on 08/15/2007 5:32:44 PM PDT by UnsinkableMollyBrown
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To: Duke Phelan
But the State can’t make payment of debts with any THING but gold or silver coin.

Wrong. The state can't make their own currency unless it is gold or silver.

If you people started demanding payment for property grabs by States then soon it will stop.

The state does pay. With good old FRNs.

Gold is payment in full. An ounce of gold is an ounce of gold, no more no less, it doesn’t fluctuate.

Wow!

A federal reserve note is a denomination of debt in garantee of payment at some future time in paper.

Whose debt? Whose guarantee?

33 posted on 08/15/2007 5:33:07 PM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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