Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Axenolith
The most important aspect of the coin, the picture of which that you posted, is not that it has a motto, but that the substance from which it is made is gold. A Double Eagle is $20 of wealth. Gold bullion in that form is real money, also known as primary money. In the U.S. today all we do is play games with debt. A $20 bill is a $20 credit, someone else's liability.

defeat the coin act of 2006

95 posted on 11/27/2006 12:12:26 PM PST by Jason_b
[ Post Reply | Private Reply | To 70 | View Replies ]


To: Jason_b

"A $20 bill is a $20 credit, someone else's liability."

Actually, a $20 bill is an asset to its owner but a liability to no one, especially not to he Federal Reserve. Ironically, then, an increase in such "outside money" (cash outside the banking system) raises national wealth.


120 posted on 11/27/2006 1:09:18 PM PST by riverdawg
[ Post Reply | Private Reply | To 95 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson