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We should all just use silver by weight with each other


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2023 Feb 19, 8:00pm   21,077 views  175 comments

by Patrick   ➕follow (59)   💰tip   ignore  

https://coinmill.com/MXN_MXP.html#MXP=5000

The Mexican Peso was revalued on January 1, 1993. Pesos dated before that date (Old Mexican Pesos - MXP) are 1000 times less valuable than the New Mexican Pesos - MXN.


This is kind of funny because "peso" literally means "weight" of silver. But there is no silver in the peso anymore.

The US dollar has lost about 97% of its value from the time the Federal Reserve was created.

Why do we bother with their shit fiat currency at all? There is plenty of silver to use as currency, no shortage. And you can be sure its value won't go to zero like it does with all fiat currency eventually.

Would be nice if there were easily available small weights of pure silver available, but in the meantime, we could just use old US silver coins.

The important thing is to value currency by weight of pure silver, not bullshit pesos or dollars.


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171   RWSGFY   2024 May 12, 6:08pm  

This is cute but they shouldʼve abolished SIT alltogether.
172   stereotomy   2024 May 12, 6:31pm  

Life should not be made arbitrarily hard for people who are honest and work hard. Life is hard in general, but humans should not make life harder for other humans just because it's fun to watch others grovel. That was the guiding principle of the Declaration of Independence and the United States Constitution. Fuck all of you who don't believe me - read it for your commie selves.

Having to learn how to invest outside of your wheelhouse just to counter the corruption of the money that you earn through your livelihood - yes, the 1- and 2-sigma intelligent people can figure this shit out, but that's not the point. The point is, that a society that is structured to exploit the vast majority of its population for the sake of the few is doomed to fail. The Founders knew this. They tried to strike a balance so that the majority of the population could live their lives as they saw fit, without undue "government interference" AKA theft.

There are unfortunately many people who have trouble doing the basics of what needs to be done to succeed in our "modern" society. This is where I fault the so-called "Christians," for Christ says to seek a just society, a place for everyone. A society which is too greedy or too ignorant to figure out a plan whereby all members of that society can do the work that they can and earn a measure of the rewards that the society can dispense is an unjust society. I'm not talking about gravely sick people or otherwise severely but temporarily injured - I'm talking about average and below intelligence.
173   Patrick   2024 May 12, 9:22pm  

stereotomy says

Having to learn how to invest outside of your wheelhouse just to counter the corruption of the money that you earn through your livelihood


I agree, it's set up to exploit people who don't have time to learn about investing or the aptitude for it.

Silver by weight (not dollars, ever!) would fix this.

Weight alone, weight of 0.9999 pure silver.
174   Patrick   2024 May 12, 9:26pm  

RWSGFY says

This is cute but they shouldʼve abolished SIT alltogether.


I agree. Taxing income reduces the incentive to work.

Sales should also never be taxed, because commerce is good.

Land value is the only appropriate object of taxation, where "land" includes radio spectrum and other natural resources no one created. Between that and import tariffs, we could easily fund as much government as we actually need to have. Which is much less government that we currently have.
175   NuttBoxer   2024 May 22, 8:11pm  

In the last 25 years since the end of 1999, gold has risen 736.2%, silver 484.4%, the Dow 248.2% and the S&P500 263.4%.

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