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Exactly. They have to adjust for the probability of not getting paid back in real metal.
It can go the other way though. During the long reign of the Wisselbank in Amsterdam, their reputation was so sterling (pun intended) that people would actually pay slightly more for their notes than for the metal, because of the convenience factor. But eventually they defaulted too.
The scenario your describing does not follow the Constitution. That is not how weights are set, that is not how money is exchanged. None of that is accurate to the system I described, or the existing laws already in place.
You can currently request to be paid in silver if you want. There's nothing stopping your or your employer from doing so. It's not "only use THIS measure", that's the problem, it's "You MUST accept these worthless fiat notes". That might seem like a fine distinction, but makes a HUGE difference. Forcing economies to accept bad money means the real money will never show it's face, regardless of whether it can be used or not. If I can get something of real value from my employer, but my bills can all be paid in worthless paper, why would I ever pass those coins to anyone else?
papernotes can be banned in certain circumstances - like for regular wages and small contracts, and metal required to be accepted for any and all purposes, public or private.
Also, why would pure silver coins be bad money?
Governments or Banks in control of paper or digital representations of the metal can and will devalue, defraud, or simply confiscate it.
AmericanKulak saysGovernments or Banks in control of paper or digital representations of the metal can and will devalue, defraud, or simply confiscate it.
Government doesn't have that right. As for the banks, don't use the bad ones.
Government doesn't have that right. As for the banks, don't use the bad ones.
AmericanKulak saysYou can currently request to be paid in silver if you want. There's nothing stopping your or your employer from doing so. It's not "only use THIS measure", that's the problem, it's "You MUST accept these worthless fiat notes".
If you’re thinking of how a dollar bill says “this note is legal tender for all debts, public and private” that means if you’re in debt then your creditor must accept federal reserve notes as payment. But there’s nothing to keep someone from insisting on an arbitrary type of payment up front.
All banks have pressures they eventually succumb to because of the nature of fractional reserve banking.
If you’re thinking of how a dollar bill says “this note is legal tender for all debts, public and private” that means if you’re in debt then your creditor must accept federal reserve notes as payment. But there’s nothing to keep someone from insisting on an arbitrary type of payment up front.
cheap seed press
https://notthebee.com/article/this-is-a-real-billboard-in-oregon-imploring-people-to-stop-having-kids-and-its-just-another-logical-step-in-the-culture-of-death?source=patrick.net
If the rest of us build a parallel culture that stresses having children, the woke will eventually die out and only sane people will remain.
The Amish and the orthodox Jews are already quite busy at it.
The only risk then being that the woke will keep trying to indoctrinate your children in schools, which is why you should closely monitor the curriculum in your school, and pull your children out if they are doing that.
i really want to find out who paid for that billboard, money is easy to track down, someone has to make payments and it has to come out of some account. i'm thinking of hiring a private investigator to track that shit down.
FortWayneAsNancyPelosiHaircut saysi really want to find out who paid for that billboard, money is easy to track down, someone has to make payments and it has to come out of some account. i'm thinking of hiring a private investigator to track that shit down.
Not hard to find them.
https://www.stophavingkids.org/?source=patrick.net
The pictures of the people in the org are amusing. Typical woke women and men.
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Vaclav Havel said the same thing and I agree. We must build parallel structures and leave the corrupt corporate leftists behind.