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We should all just use silver by weight with each other


               
2023 Feb 19, 8:00pm   32,384 views  214 comments

by Patrick   follow (59)  

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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213   HeadSet   2026 Jan 10, 2:40pm  

Patrick says





Yet they re-elected FDR twice....
214   Maga_Chaos_Monkey   2026 Jan 10, 2:49pm  

HeadSet says

Yet they re-elected FDR twice....


Right, I think he was the last (only?) 3 term president and they put the 2 term limit on it during his last term?

Except for Trump that is!

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