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To: Dukie
coin, v.t.; coined pt, pp; coining , ppr; To stamp and convert into money; to mint as in to coin silver.

That's not the legal definition; it's merely a linguistic one.

Again we have reference to the process of stamping which involves metal and dies.

You are just hell-bent on giving Russia and South Africa control of our economy, aren't you?

It seems what happens when we get into the concept of legal definitions which stretch beyond common dictionary definitions, do we not end up having the courts making definitions by decree.... by fiat ?

No, it means that legal language and common speech can be different, even while examining the same word.

34 posted on 06/13/2002 1:04:56 PM PDT by Poohbah
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To: Poohbah

PAPER CURRENCY: Paper usually issued by the national government that are used as money. Metal coins are also frequently included under the generic heading of currency. Currency in the U.S. economy is issued by the Federal Reserve System (paper) and the U.S. Treasury (coins). This constitutes about 30 to 40 percent of the M1 money supply. Most modern currency is fiat money.

FIAT MONEY: A medium of exchange (money) with value in exchange, but little or no value in use. Modern paper currency, coins, and checkable deposits are fiat money. The value of fiat money comes from the public's general willingness to accept it in exchange for other goods. This willingness comes from the fact that EVERYONE is willing to accept fiat money in exchange, which largely depends on the public's confidence in the authority (usually government) issuing the fiat money. Fiat money is NOT valuable unto itself, but it is valuable for what it can buy.

TRADE DEFICIT: Formally termed a balance of trade deficit, a condition in which a nation's imports are greater than exports. In other words, a country is buying more stuff for foreigners than foreigners are buying from domestic producers. A trade deficit is usually thought to be bad for a country. For this reason, some countries seek to reduce their trade deficit by--(1) establishing trade barriers on imports, (2) reducing the exchange rate (termed devaluation) such that exports are less expensive and imports more expensive, or (3) invading foreign countries with sizable armies.

Rather than defending our borders, it seems Dubya's "free trade" policy is geared towards #2 and #3.
36 posted on 06/13/2002 1:25:43 PM PDT by Willie Green
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To: Poohbah; rohry; the new spoosman
That's not the legal definition; it's merely a linguistic one.

Linguistic definition ? Legal definition ? Common law definition ? Semantic definition ? Why not just adhere to the definition of coin or to coin as they were understood by the framers ? Or attempt to amend the Constiution to say "create" or "print".

You are just hell-bent on giving Russia and South Africa control of our economy, aren't you?

Not at all, Poohbah. Isn't our wrongheaded "energy policy" more responsible for Saudi influence on our economy and foreign policy ? However we are self sufficient in proven silver deposits, even if we officially remonitize the metal, as the US is the world's leading producer.

It is clear that we shall agree to disagree on this matter, but I have enjoyed the exchange of ideas.

46 posted on 06/14/2002 5:47:44 AM PDT by Dukie
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