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The "creation" referenced in the Constitution refers specifically to specie, the only real money. Governments role is more in the realm of standardizing weights and measures, and even that is really still set by the market.
What I'm saying is there is not Constitutional provision that allows for mass printing, and only central bankers would want you to think there is.
Exactly, the Constitution is about the federal government overseeing the coining of money and to protect the public from counterfeit fraud. It was to establish standard currency to ensure free and legal interstate commerce.
you'll be able to buy a house for 10 ounces of gold, but you'll think twice about doing it, because you'll be buying a house in a war zone.
richwicks says
you'll be able to buy a house for 10 ounces of gold, but you'll think twice about doing it, because you'll be buying a house in a war zone.
I agree if the system collapses and the dollar goes to shit then we'll need lead more than silver and gold , and lots of lead in the form of 9 mm and 223 Remington. It will be based on bartering and also vital skills and supplies like food and potable water will be only valued.
Maybe when the system recovers, then gold could be used for currency.
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I agree if the system collapses and the dollar goes to shit then we'll need lead more than silver and gold , and lots of lead in the form of 9 mm and 223 Remington. It will be based on bartering and also vital skills and supplies like food and potable water will be only valued.
AD says
whats are the implications for those who own Silver Trust (ticker: SLV) ?
SLV is used to buy options to suppress the price if the material.
If every American just bought 2 ounces of silver per year, that would consume every available ounce mined in a year. It would break everything.
f every American just bought 2 ounces of silver per year, that would consume every available ounce mined in a year.
GNL says
f every American just bought 2 ounces of silver per year, that would consume every available ounce mined in a year.
Back in the days of film cameras, people could easily use 2 oz of silver per year.
But how many people are we talking about? Here, we're/Patrick is talking about over 300 million Americans.
GNL says
f every American just bought 2 ounces of silver per year, that would consume every available ounce mined in a year.
Back in the days of film cameras, people could easily use 2 oz of silver per year.
There's a lot of hurdles and you have to expose information, you can't just give a gold/silver dealer a few 1000 dollars and walk out.
Actually, just walk into a pawn/gold/silver shop lay down a couple grand and walk out with a hundred ounces of silver. If you buy more than $2,000 you don't have to pay taxes.
I'm doubtful of this. Why would a bunch of American oligarchs be on a ship from England to the United States?
The chair of the Council of Economic Advisers for President Biden has no idea how money printing and bonds work...
Holy moly we are in for an absolute train wreck, aren't we?
Watch one of the president's top economic advisors try and explain how money works. ...
Patrick says
Both.
In a slightly more interesting related story, completely ignored by corporate media, Benzinga (a financial rag) ran a story yesterday headlined, “Marjorie Taylor Greene Ally Thomas Massie Introduces 'End The Fed' Bill To Abolish The US Central Bank: 'Americans Are Suffering Under Crippling Inflation’”
The bill — which while entertaining, is going nowhere, and will be completely submerged by government captured media — resulted from a poll Massie ran Tuesday on his Twitter/X page. The poll asked his 780,000 followers whether they thought the Congressman should propose a bill abolishing the Federal Reserve. An astounding 86.6% of the 115,000 voting said they wanted to “End the Fed,” while only 2.8% voted to preserve intact the controversial institution.
The bright side is that the conversation about the Federal Reserve’s utility or uselessness continues. By my quick research, it looks like Ron Paul filed similar Fed-ending bills in 1999 and 2013. So it appears Representative Massie is now carrying the torch of freedom.
Godspeed, Mr. Massie. You have my vote.
In other news, Major League Baseball has announced that each runner crossing home plate will be awarded three runs. This will make players more skilled, because they’ll score more runs. Baseball’s headed for record highs, Ted Lieu.
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It seems that Fed employees know how to get rich betraying the public.