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?
Whose debt? Whose guarantee?
Your debt. Your guarantee that you will pay at some future date.
You request a loan from a bank. A bank pushes a few buttons and asks the Federal Reserve Banking system to create the paper debt for you to pay either the contractor or the realtor for the house/property. You then have a debt obilgation to pay this back.
When you don’t pay you get a credit crunch where there is a debt, but nobody willing to pay it. We are seeing that now in the housing market. People walk away from the debt because in reality that debt has no value. Created by the stroke of a pen it can be uncreated by the stroke of a pen.
You may laugh at Gold Bugs, but gold and silver have been MONEY for 5,000 years. They are the most liquid form of payment in the world. They are accepted everywhere as payment. Take a Federal Reserve Note to a rice farmer in Vietnam and a gold coin and see which he would prefer for payment for his product.
I saw both a Byzantine gold coin and a Roman silver coin for sale once. They still held value, and could still purchase the same amount of goods and services today that they could when they were minted. Can you say the same for Confedarate Currency or Sadam Husseins Dinars? Are either of them accepted around the world as a form of payment?