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posted by worldwatcher
Kinda hard to use gold or silver as legal tender for the average joe, it's not like you can go to Wal-mart or the grocery stores and they'll take your gold and silver pieces, however I would think in certain business dealings you would be able to use gold or silver with the appropriate legal agreements.
the value of zinc used in the penny is said to exceed $.01 per coin
The coins are then spent by the group's 2,500 Liberty Associates in stores run by fellow supporters or are accepted unknowingly by clerks who are unaware they are not receiving real money
With the above being fact, does it not seem more likely that, in fact, it is the existence of Federal Reserve Notes [fiat money] that are in contravention of The Constitution and hence, ILLEGAL – and not the other way arounnd?
You see folks, according to the Constitution For The United States of America – gold and silver ARE money!
The United States Mint is the only entity that can produce coins," Bailey says.
In a case in Buffalo, a man and his son are set to go on trial next month after they knowingly tried to buy beer at a Buffalo Sabres hockey game with Liberty Dollars.
"We just feel that they are something that educates people as to what the monetary systems are like in the world, that they are a fiat system, that if people lose faith in them, they will collapse," he says. Besides, "They are a good-looking coin."
I see no problem in keeping gold and silver and using as a form of currency- in the case of a melt down the gold and silver would still retain it's price surely?
Gold and silver will definately maintain their price in case of a economic collapse.
was under the impression that it is made out of pure gold or silver
LazarusTheLongI will trade US dollars even for your liberty dollars... anyday of the week...
posted by Nygdan
“ . . coins spent by the 2,500 Liberty Associates in stores run by fellow supporters or accepted unknowingly by clerks unaware they are not receiving real money . . “
[Edited by Don W]
I think the real conspiracy is the people promoting the fake currency, such as that webpage, are really just trying to sell it . . “
Clearly, Federal Reserve notes are not illegal, no matter what anyone likes to think. The real question is, why should the government be able to make these alternatives illegal?
The governments of hte world went off the gold and silver standards because having the money based on them resulted in 'small' events like the Great Depression, and even the economic collapse of Germany that resulted in, of all things, WWII. The US Mint is the only entity that can produce coins," Bailey says.
" . . they are educate people as to what the monetary systems are like in the world, that they are a fiat system, that if people lose faith in them, they will collapse" . . [Edited by Don W]
posted by knights
I see no problem in keeping gold and silver as a form of currency - in the case of a melt down. The gold and silver would still retain it's price surely?
[Edited by Don W]
if everyone tries to withdraw it all at once, the majority of them can' get anything, and thus the bank collapses. This was a frequent and periodic problem back when paper money was worth a certain amount of gold.
Originally posted by Rockpuck
they then set aside or mark somewhere using their systems that you bought $100 worth of gold on such and such day with such and such value.