online.wsj.com — FTA "Under a gold standard, if people think the paper money printed by government is losing value, they have the right to switch to gold. Fiat money -- i.e., currency with no intrinsic worth that government has decreed legal tender -- loses its value when government creates more than can be absorbed by the productive real economy." No mention of RP
Feb 12, 2009 View in Crawl 4
Closed AccountFeb 13, 2009
You would have to deal with actual ownership or management, i.e. have a cultivated relationship.
Closed AccountFeb 13, 2009
So you see freedom of contract as a bad idea? What a petty tyrant!
gn84Feb 13, 2009
"There is no inflation with gold and silver. It is an impossibility."This strikes me as incorrect. While certainly much better than fiat currencies, if someone were to discover/mine a very large amount of gold and flood the market, the existing value would deflate relative to other things of value. Gold is also prone to demand fluctuations as is any other commodity.Also, be very careful about not reporting "income" and paying taxes to the IRS. While you may be on the correct side of the law (and wage taxes are a form of slavery), the IRS, and the court system do not share these views, and they have more (and bigger) guns than you do.
lawofnationsFeb 13, 2009
"If someone were to discover..a very large amount of gold.." That's a very large "If". The last person that I'm aware of that shared that view was Cortez looking for a city of gold. You didn't check out the Kahre case did you? He beat them on all 161 counts. As far as the courts are concerned you are hereinafter diferred to the Honorable Martin V. Mahoney's memorandum. The IRS? They have confirmed to me personally (off the record of course) that my facts (not views) are absolutely correct and they have nothing on me.And lastly we shall discuss the term "income". There is no rule, statute or regulation that legally defines it. If there was there would be a lot of people thrown into prison for fraud - starting with Bernanke - as it would be revealed that there is only one definition of the word dollar in this country [again see: Title 31 U.S.C. sec. 5112(a)]. The value of Gold and silver dollars are regulated by Congress and not by the "worthless securities" [see: IRC 165(g)] valued in "Special Drawing Rights" which are printed by an unconstitutional, unregulated, unaccountable, unethical, privately controlled foreign banking cartel called the Federal Reserve.Also, be very careful about suggesting these corporations have more (and bigger) guns than I as a criminal threat, on the Internet or otherwise, is a felony.
gn84Feb 13, 2009
@LawofnationsSure gold devaluation is a large if, but it is not an impossibility as you described.I think you missed my second point. I admire your dedication, but even Kahre had to edure an armed raid by law enforcement and 4 years of legal troubles in order to get his hung jury verdict. And he's the exception to the rule-- generally speaking the IRS always wins. And even when the defendant "wins" they are usually ordered to pay anyway.My comment was not in any way meant as a threat--toward you or anyone else. I was simply pointing out that your actions could result in the government designating you as a criminal and attempt an armed raid of your home or business, much like they did to Robert Kahre.I fear that you may have too much faith in the fairness and justice of our legal system.
njonFeb 16, 2009
The idea is that the STATES need to enact this legislation in order to defeat the Fed. Check out what is proposed in Indiana right now: <a class="user" href="http://digg.com/world_news/Indiana_Honest_Money">http://digg.com/world_news/Indiana_Honest_Money</a>That's what EVERY state needs to do.