2 votes

What Is, "The Dollar?"

Is the US $ a currency, or is it really just a, "product," being offered by a private, for profit business in the form of a "Federal," currency that isn't federal at all? The, "dollar," may as well be a Big Mac.

Other products are still available, such as gold, silver, and platinum...but most people prefer to pay their bills online without any physical transaction because it's a much easier process.

Precious metals are physical. They're not mental, they're metal. The, "dollar," is more mental than it is physical today. After owning a business for almost a decade now, I've listened to so many of my customers say, "I don't like to carry cash."

I don't blame them. It's not safe. If you lose your cash, or have it stolen it's gone. If you lose your credit card, your digital money can be protected with a simple phone call.

Digital money, aka, credit cards. Zeros and ones.

If you took your girlfriend out to dinner and whipped out a Visa Platinum card to pay, what would she think?

If you took your boyfriend out to dinner and whipped out 2 ounces of silver to pay, what would he think?

Money is more mental than it is physical in the 21st century.

I love Ron Paul, I love Rand too...but I think his idea of what, "money," really is - is outdated.

I hate to say it, but I'm just being honest. I know the FED sucks. I know they print "money," and digital "money," out of thin air. I know that gold is more valuable than dollars. But most people don't know that.

What else are people supposed to do? Reject paying bills online?

Go to the grocery store and demand the store clerk to accept gold coins as payment or else? Pay their cable/internet bills in person with silver on a scale? Pay their phone bills in person with silver coins? Electric, gas, and the mortgage too? That's a lot of time and gas money.

People would need to build home vaults in the same way they need heat and air conditioning if gold and silver were the primary methods of economic exchange in America today.

Go to the movies with the girl of your dreams and attempt to purchase tickets with 1 ounce of pure silver. She's all excited to go to the movie, but you don't carry cash or credit.

Good luck with that.

What is the dollar?

It's a product, and, "It's money."



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Missing the point?

When the criminals take over they conduct the process known as extortion.

Extortion can be known as an Involuntary Tax.

If the whole world (save for a few people) "believe" that taxes MUST be paid, then there are no places on Earth where free people can find sanctuary from the extortionists, and therefore it becomes a LIE to say that you can "love it or leave it" since there will always be an EVIL payment being made by producers of SURPLUS WEALTH to Extortionists.

The FEDERAL INCOME TAX "SERVICE" is ONE example of Involuntary Taxes.

That flow of SURPLUS WEALTH flowing from people who start out in the day with less and end the day with more SURPLUS WEALTH flowing to Extortionists cause the producers of SURPLUS WEALTH to make less SURPLUS WEALTH, grow poorer, weaker, less numerous, and less able to defend against the criminals, while, at the same time, as the flow of SURPLUS WEALTH continues to flow from the producers of SURPLUS WEALTH the Extortionists grow stronger, more numerous, more powerful, and more able to use the power they steal to steal more power from those who produce SURPLUS WEALTH.

Getting something for nothing (so called) is knowable as Unearned Income.

In order to get away with Extortion made legal the Extortionists figured out a long time ago that their crimes can be hidden behind a False Front known as a Money Monopoly Power; which by the way is a World Wide Money Monopoly Power known as The Dollar Hegemony at this time.

People who make anything worth stealing MUST pay the Extortion Fee with the Monopoly Money produced by the Frauds.

So, as Alexandr I. Solzhenitsyn correctly pointed out, the violent crimes (Extortion) must be covered up by the deceptive crimes (Fraud) otherwise the victims would be painfully aware of exactly who is paying for each criminals exorbitant life stile.

http://www.ushistory.org/paine/commonsense/sense2.htm

"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one: for when we suffer, or are exposed to the same miseries BY A GOVERNMENT, which we might expect in a country WITHOUT GOVERNMENT, our calamity is heightened by reflecting that we furnish the means by which we suffer."

http://www.nobelprize.org/nobel_prizes/literature/laureates/...

"But let us not forget that violence does not live alone and is not capable of living alone: it is necessarily interwoven with falsehood. Between them lies the most intimate, the deepest of natural bonds. Violence finds its only refuge in falsehood, falsehood its only support in violence. Any man who has once acclaimed violence as his METHOD must inexorably choose falsehood as his PRINCIPLE."

If there is competition among free people (no extortion means no Involuntary Taxes) then the suppliers of money (or "government") are forced to produce higher and higher quality money (or "government") and lower and lower cost money (or "government") and if there is instead of competition (Liberty) a Monopoly Power (crushing competition) then the obvious result will be that the Monopoly Power will "supply" ever lower quality money (and "government") and ever higher cost (to the victims) money (and "government").

Accurate accounting, for example, is a quality demanded by honest people, while deceptive accounting is THE RULE not the exception when the criminals take over.

http://www.youtube.com/watch?v=jkwjtbTjTsE

So...the missing point may be, could be, might me, that the so called "money" is merely a fraud in progress that covers up the robbery in progress, whereby both crimes are perpetrated by the false government upon the false citizens.

What is the current pay rate for the best liars on the planet Earth?

http://www.usdebtclock.org/

Oppps...did I break the law?

http://www.archives.gov/exhibits/charters/constitution_amend...

"Section 4.
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."

Do I have to pay the National Debt with National Interest or will Federal Reserve Notes (that I don't have while I am out of work) work for paying off the DEBT that was created when the so called government borrowed from me while I was working?

They (so called government) borrow from The Good Faith and Credit of The American people, and then they buy things with the money they borrow from people who produce actual Surplus Wealth, and then somehow, like waving a magic wand, the people who loaned the money are made to "believe" that they now OWE the borrowers for the DEBT that the borrowers create?

Joe

The dollar is 371.25 grains of silver.

That is all.

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So a $164,974.21 house should cost $10,000?

I based that on today's silver rate of $21.33 per troy ounce (480 gr).

21.33/480 x 371.25 = 16.497421

That would make minimum wage 44 cents an hour!
But who decides what an hour is worth?
Until the early 1970's, a person working full time on minimum wage could afford a place to live, a car, sufficient food, get an education,etc.
That definitely isn't true today, so what is the REAL worth of a dollar?

The Banksters like the idea of a fiat currency because they can obfuscate 'true value', twisting it to their advantage while the low-end earners just go along with whatever they are told.

There is no single standard that can be set in stone to measure everything else against. If a dollar was 371.25 grains of silver in perpetuity, there would be no precious metals market.

Just sayin'.

It's all very confusing and I don't have any answers.

"Don't blame me, I voted for Kodos!"- Homer Simpson

Commodity Money vs. Fiat Money...

...In situations where the commodity is metal, typically gold or silver, a government mint will often coin money by placing a mark on the metal that serves as a guarantee of the weight and purity of the metal. In doing so, the government will often impose a fee which is known as seigniorage.

The role of a mint and of coin differs between commodity money and fiat money. In situations where there is commodity money, the coin retains its value if it is melted and physically altered, while in a fiat money it does not. Usually in a fiat money the value drops if the coin is converted to metal, but in a few cases the value of metals in fiat moneys have been allowed to rise to values larger than the face value of the coin. [wiki, Commodity Money]

Michael Nystrom's picture

Yes, I understand where you're coming from

We're moving - forward, at a great speed.

Gold and silver as money. It still doesn't matter if the people's hearts are wicked. Wicked people will still find a way to subvert the system.

There can be phony gold standards, and there can be good digital standards. It all depends on who is enforcing the rules.

Gold, after all does not enforce its own rules. People must enforce the rules on its behalf.

- - - - -

"Money" - the dollar. It is the coin of the realm. It is something you need if you want to function in a range anywhere approaching 'normal'. In this world, everyone has to have money.

It is a product. It is what you buy in order to guarantee a pleasant experience in the world we currently inhabit.

In order to get money, we sell little bits of ourselves.

He's the man.

well, there can be

well, there can be gold-backed currency so your example of conducting all commerce in person with precious metals is a little far-fetched. You don't have to care what a dollar is, but when it is directly tied to an hour of your life it becomes a little more important. When bankers can devalue an hour of your life with a printing press, the meaning of a dollar matters.

maybe what I'm trying to say

maybe what I'm trying to say is that you are mixing and matching the terms currency and money. "digital money" is impossible. the FRN "dollar" is not money, it's currency.

Our Founders had it right...

Please just google "Coinage Act of 1792" and read the first paragraph in which a dollar is defined as a coin with a specific amount of silver in it.

That is consistent with the power granted in Article 1 Section 8 for the Congress to coin money and regulate the value thereof and of foreign coin.

Notice no power to print money!

The cost of all the unauthorized promises in todays legislation is responsible for the growing debt which has bankrupted this country.

Ask anyone running for office just what their oath of office means to them and what they intend to do to keep their oath.

Nothing short of repeal of such laws will enable America to return to solvency.

No Man's need constitutes an obligation on the part of another man to fulfill that need.

If "the dollar" is all you claim, why are legal tender laws

enacted to force its acceptance in repayments of debts?

Allow competition in currency, giving people and businesses the freedom to choose their preferred media of exchange.

Rep. Ron Paul introduced a bill in the last two Congresses that would bring the above benefits. This bill, called the "Free Competition in Currency Act," was reintroduced in this Congress by Rep. Paul Broun (Bill Number H.R. 77).

https://secure.downsizedc.org/etp/honest-money/

What's the competing

What's the competing currency?

Never be afraid to ask simple questions.

A dollar is a promise to tax

A dollar is a promise to tax the American people for that amount in the future.

Simple Facts and Plain Arguments
A common sense take on politics and current events.

www.simplefactsplainarguments.com

fireant's picture

Digital dollars are here to stay...

...at least until peoples suddenly realize how easy it is for the crooks to manipulate them. It is not outside the realm of possibility that one day the debit and credit cards are out of funds, even though you know there should be plenty in your account. That, of course, will be a massive bank run, and there won't be any dollars to get. Until that time, I agree with you. People will not want to be encumbered toting gold or silver around.
As for the dollar itself, it is currency, or a medium of exchange; nothing more. As long as it is accepted as that medium, it has value.

Undo what Wilson did