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We should all just use silver by weight with each other


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2023 Feb 19, 8:00pm   24,532 views  190 comments

by Patrick   ➕follow (60)   💰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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190   AmericanKulak   2024 Dec 14, 7:03pm  

I was reading the history of mortgages, and the immediate postwar decades, the mortgage was 15 years.

By 40, most men had paid off their homeloan or were about to.

Also, we need to make Credit Cards fall under the law of the state where the grantee lives.

"But states rights". No problem here. We are just changing the standard from the State Law of creditor to State Law of the grantee. Don't like it? Then Dakota credit companies don't loan in states with usury laws.

I suspect keeping people on the plantation as share-croppers was a side-effect.

There's been so many innovations, like the Grid Nail. That innovation alone reduced materials and time costs at least 15% from the suburban home builds of the 1940s-50s while increasing roof strength and reducing the need for load bearing interior walls. Yet houses are more expensive?!

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