To: Travis McGee
Used to be the King would order more tin or other base metals in the mix -- so the coins would be less gold or silver, or even copper. Nowadays there is no limit to the sovereign's theft by dilution.
About paper money we used to warn of John Law's scheme, and then of the Weimar wheelbarrows, and most recently Mugabe's Billion Dollar Bills. But what, in the end, can match Bernanke's helicopter distrubutions?
16 posted on
08/02/2008 10:22:12 AM PDT by
bvw
To: bvw
Nowadays there is no limit to the sovereign's theft by dilution. So they've been diluting (printing) more than usual? How much more? Or is that just your feeling?
17 posted on
08/02/2008 11:09:43 AM PDT by
Toddsterpatriot
(Half the time it could seem funny, the other half's just too sad.)
To: bvw
I don’t know, but we both have front row seats.
26 posted on
08/02/2008 3:30:53 PM PDT by
Travis McGee
(--- www.EnemiesForeignAndDomestic.com ---)
To: bvw
Used to be the King would order more tin or other base metals in the mix -- so the coins would be less gold or silver, or even copper. Nowadays there is no limit to the sovereign's theft by dilution. You mean a metal based currency doesn't prevent dilution?
28 posted on
08/02/2008 3:43:28 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: bvw
It is criminal what the PTB are doing to the value of the dollar, and pretending that nothing is wrong. The selling of bundled debt for profit to make themselves rich, at the expense of the foundations of this once free country, make me sick.
So, what ever happened to penny candy? /s
38 posted on
08/02/2008 9:50:28 PM PDT by
TruthConquers
(Delendae sunt publici scholae)
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