Want to know if Wheat (grain) would be a good currency?

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I have heard it suggested before. Grain lasts as long as you can properly store it. I have thought about this and banks could have storage facilities for the grain. The thing is that anyone can grow wheat. i say wheat because the goal would be that anyone could cash in their money (or certificate for wheat) to get food and eat. The buying power would potentially change with years of bad harvest.

Many of you really understand our current monetary system well. This would eliminate the Fed. Which in turn would change how the government borrows and spends money.

I like the idea of competing currencies as well. This could compete with gold, silver, etc. Ron Paul has suggested competing currencies for a while now (he would have it in gold of course).

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My grandfather lived some

My grandfather lived some hard times in my former Est-European country , I remember he told me a story about how after the WWII part of country experienced some of the worst drought ever, food was impossible to find and the desperation was so bad that you could get a house in exchange for a bag of wheat.

In case of real economic collapse, food will be the best currency. Forget about the gold,in times of war or serious economical crisis prices of food will go up 100 or even 300%, for an ounce of gold you will be lucky to get a can of tomato juice.

“The more corrupt the state, the more laws.”

Go ahead. If your idea has

Go ahead. If your idea has merit people will use it. That being said you need to do so privately, passing a law to force people to use money you like is wrong.

Even Ron Paul is is promotion of a silver currency did not want it to be "legal tender" but instead he simply wanted to remove legal tender laws.

I completely agree

And would not mind one bit of it being a competing currency. Regardless I must admit I don't see anything but a world currency coming in the near future. The end of the Fed I think will only facilitate a world wide evil.

It would certainly bolster

It would certainly bolster the fiber of our economy.
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Could even regulate it

Thank you Dr. Paul for making me act on what I already knew was right.

*May the only ones to touch your junk, be the ones you want to touch your junk.*

Yes, a nice "regular" currency.

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Talk to someone new every day. You'll be surprised what you learn.

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"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

no good

I would eat it.
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Not ideal but ok

Rothbard - (From "The Case Against the Fed)

Why gold and silver? (And to a lesser extent, copper, when the other two were unavailable.) Because gold and silver are superior in various "moneyish" qualities—quali-ties that a good needs to have to be selected by the market as money. Gold and silver were highly valuable in themselves,for their beauty; their supply was limited enough to have a roughly stable value, but not so scarce that they could not readily be parcelled out for use (platinum would fit into the latter category); they were in wide demand, and were easily portable; they were highly divisible, as they could be sliced into small pieces and keep a pro rata a share of their value; they could be easily made homogeneous, so that one ounce would look like another; and they were highly dura-ble, thus preserving a store of value into the indefinite future. (Mixed with a small amount of alloy, gold coins have literally been able to last for thousands of years.) Outside the hermetic prisoner-of-war camp environment, cigarettes would have done badly as money because they are too easily manufac-tured; in the outside world, the supply of cigarettes would have multiplied rapidly and its value diminished nearly to zero. (Another problem of cigarettes as money is their lack of durability.)

Every good on the market exchanges in terms of relevant quantitative units: we trade in ''bushels" of wheat; "packs"of 20 cigarettes; "a pair" of shoelaces; one TV set; etc. These units boil down to number, weight, or volume. Metals invari-ably trade and therefore are priced in terms of weight: tons,pounds, ounces, etc. And so moneys have generally been traded in units of weight, in whatever language used in that society. Accordingly, every modern currency unit originated as a unit of weight of gold or silver. Why is the British currency unit called "the pound sterling?" Because originally, in the Middle Ages, that's precisely what it
was: a pound weight of silver. The "dollar" began in sixteenth-century Bohemia, as a well-liked and widely circulated one-ounce silver coinminted by the Count of Schlick, who lived in Joachimsthal.They became known as Joachimsthalers, or Schlichtenthal-ers, and human nature being what it is, they were soon popu-larly abbreviated as "thalers," later to become "dollars" inSpain. When the United States was founded, we shifted from the British pound currency to the dollar, defining the dollar as approximately 1 /20 of a gold ounce, or 0.8 silver ounces.

Read here for more http://www.scribd.com/doc/7396702/The-Case-Against-the-Fed-F...

"It is the responsibility of the patriot to protect his country from its government."

— Thomas Paine

"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com

do you prefer gold backed paper or

actual gold coins? Thanks for sharing. I like the history of the pound and dollar you give here, I don't believe I have heard it before.

well

I think that gold backed dollars are fine and in our day and age, their electronic equivalent but as a competing currency with other gold backed free market currencies. A true free market gold backed currency would be just a reciept for gold really. It would face daily checks as to it's solvency or at least checks each time it's value was questioned. Anyone who inflated or manipulated their currency would see to it's abandonment on the market.

"It is the responsibility of the patriot to protect his country from its government."

— Thomas Paine

"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com

So when people begin to

So when people begin to "save", don't you see that Starvation would ensue? Quickly Government would have to confiscate Wheat to eliminate the starvation created by Hoarding.

Currency should NEVER be a CONSUMEABLE. This is why Metals make such a good currency. The Currency is not consumed. Consumeables are good for bartering followed by consumption, but not as a storage of value. A Storage of value is transferred in a transaction, and then repeated in future transactions. Consumption destroys the stored value, once it is consumed, its gone.

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I worked in a grain elevator

It is not that easy to store wheat. Takes quite a facility. Plus it is very bulky.

wheat 1000s of years old

I have heard of wheat that was found in or around egypt that was planted and produced. I know storing can be difficult but to me being able to eat your savings if necessary would be good. I currently have wheat in food grade plastic pails that I keep in a cool place. I would like to store more at some point, but not ready to yet. If we could get by the storage of it I think it would be better than other currencies.

What is gold best used for other than jewely and electronics? What intrinsic value does it hold? In a time of food shortage wouldn't one give up gold for food easily. I like the idea of having money backed by something almost any person can produce (will a patch of land and some money). Hence money would have to be earned. What else could be used as currency?

Wheat is simple to store.

Store wheat in a sealed, dry space. Jars are ideal; cans with oxygen absorbers are fine.

Ideally, you should keep out air, rodents, and moisture. An airtight container is adequate.

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Wheat and Grain

have been used for barter and trade for thousands of years.

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bartering is a great way to exchange goods

I would like to barter more, but as of right now I only type for a living. I am looking for a small farm though to harvest fruit and vegetables.

Couldn't hurt to store some

Couldn't hurt to store some for trade. If it proves not to be good trading material at least you can eat it. Make sure it's non-GMO wheat. That would definitely be worth more.

Pat

BOHICA!!

Pat

BOHICA!!

how to properly store wheat

~
last night this excellent guest on Coast to Coast (other side politically, but great survival info) said it is of no avail if your wheat is not properly stored, and his book tells exactly how to do it. His site also reads...

...Ready or not, life as we know it is going to change radically over the next decade. I doubt that we will see technology fail completely, but I am certain that we will see increasing environmental and political instabilities that will create disruptions in the flow of electricity, goods, and central services to huge numbers of people, and that America will not be spared from societal disruptions on a global scale...

When Technology Fails by Matthew Stein

The "Bible" for Emergency Prep & Survival, Plus Green & Healthy Living

http://www.whentechfails.com/

Wild swings in the money supply if wheat is money.

I think this would be a very poor choice. One year the crop might be abundant, inflating the supply; the next year there might be a crop failure and a serious deflation of the supply. Think what this would do to make prices of things unstable.

Look at the history of money and the characteristics that made gold and silver the premier choices; durability, relative scarcity, expensive to expand supply, easy divisibility, high value relative to weight. Wheat fails on several of these criteria.

"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley

definitely some downsides

The only thing is gold can be manipulated. See the money masters movie on google if you haven't allready. I don't like their conclusion of a different fiat system because it only eliminates the Fed and not the ability to issue money out of thin air.

Than what if you only had coins and no paper money at all. This would be to me better than a piece of gold backed paper.

Wheat Receipts

OT: Perfect introduction to Stuart Crane's 1971 explanation of banking using "wheat receipts".

http://www.diametrics.info/audio/Wheat_Receipts_1971.mp3

This is a must listen if you haven't heard it before. Great way to introduce people to our fraudulent monetary system.

Thanks for sharing

I am listening to it right now.

Anything can be used

so long as everyone agrees to it. This has been debated for eons and the Founders of this country came to the conclusion that Gold and Silver were the way to go. But everything from Apricot pits to sea shells to Tally Sticks to paper with interesting designs printed on it (oh...is that the current Federal Reserve Note?) have been used as a meausre of fair exchange of my time and labor in exchange for your time and labor. The deal is everyone has to agree to it. And why reinvent the wheel? If we just followed the Constitution life would be a heck of a lot easier. That's what Ron Paul keeps repeating.

Rats and mice do not eat gold and silver.

In a depression, these disease-carrying pests will certainly increase. Why risk it?

Recognizable, Fungible, Divisible, and Durable

Only metals satisfy all four criteria for currency.

Wheat is certainly recognizable and fungible, one red berry pretty much being the same as another, and comes in small enough pieces to be easily divisible, but fails the fourth test of money in that it is not durable.

You state if "properly stor[ed]" it will last a long time. Properly stored or not, Au & Ag will last well beyond the lifetime of its owners. Even lost and recovered from the mud, gold and silver coins retain their value, whereas wheat berries in the mud sprout into grass and die.

The Freedom Formula: Au + Ag + Cu + Pb

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