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How do we get more people to think like you do?
I've wondered about using foreign currency and then converting it only when dealing with bills that required it.
Why not have the government print the money again like back in the day?
How about backing the notes with something of actual value other than the GDP or other formulations?
Outlaw the use of a private reserve, or open it up to a number of private reserves and give the people their choice of private currencies.
a reply to: VictorVonDoom
(JFK) He moved in this area on June 4, 1963, by signing executive order 11,110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one-and two-dollar bills from silver to gold, adding strength to the weakened U.S. currency . . . A number of “Kennedy bills” were indeed issued—the author has a five-dollar bill in his possession with the heading “United States Note”—but were quickly withdrawn after Kennedy’s death.
Ultimately we are at the whims of the federal government who is controlled by the puppet masters. Until we the people demand a new government, we are at a complete disadvantage.
IS asserts that replacing the dollar with gold will push major powers such as China and Russia, who had bought US Treasury bills, to sell these bills, leading to a complete collapse of the US financial system.
originally posted by: enlightenedservant
a reply to: VictorVonDoom
This part of your plan is a no go. The whole point in "legal tender" is that you have to accept that currency as payment for debts. You can place limits on the forms of that currency that you'll accept (such as no pennies, no cash, no denominations over $20, etc), but you'd still have to accept a form of US Dollars as payment (be it a check, a money order, credit cards, etc).
Not exactly. The form of tender for an exchange still has to be agreed upon by both parties.
For instance, if I want to "sell" a car, I could post an ad saying I will accept a boat in exchange. If someones says, "I don't have a boat, but here is cash and you have to take it." I can say, "Take a hike." If I have a store and I put a label on a dozen eggs that says "1 oz. .999 copper" and someone says, "I'll give you $2 for the eggs." I can say "No, the price is one ounce copper bullion." If I have an apartment to rent out I can let someone stay there in exchange for maintenance work. If someone offers X amount of dollars per month I can say no.
In the case of taxation it's not so much an exchange as it is extortion, so the extorter can demand the type of payment from the extortee. The IRS can demand FRNs because they have the proverbial gun to your head; there is no negotiation. So the store owner will still need some FRNs for that, at least.
Of course, the IRS won't be the only problem. We could expect that utility companies, banks, insurance companies, and many others will still require FRNs.
You are right about the "playing with fire" aspect.... But the message was clear. It doesn't matter if it's legal. If you try to escape FRNs, they will shut you down. They will kill you, they will kill your family, they will kill your associates. If enough people try it, they will change the law to make it illegal.