posted on Apr, 10 2008 @ 11:38 PM
Here's the thing...
The IRS wants to collect income tax based on the presumption that employees will be paid with dollars, specifically Federal Reserve Notes or checks
based on them.
But there's a problem here. The face value of an old silver dollar coin, which is still considered legal tender, is $1.00. But the value of the
silver in it is worth much more.
So this employer had his employees agree to be paid with these silver dollars, which they would sell at the price of the metal in them. But for
purposes of taxation, they were basing their calculations on the face value of the coins.
The problem is not what was done here.
What this issue is really about is that the currency we are FORCED to use by the Federal Reserve monopoly has lost a tremendous amount of value
compared to the value of hard money like gold or silver. All because of destructive monetary policy of the Fed. NOT OUR FAULT.
So this guy exercised an option to pay his employees in something valued more than the fiat currency, yet the thing he paid with ALSO happens to be
considered legal tender under the law.
So how much did his employees get paid? The dollar value? Or the silver value?
If our government doesn't like a silver dollar being worth more than a paper dollar, THEN THEY CAN GET SMART ABOUT THEIR MONETARY POLICY AND PUT AN
END TO THE FALLING VALUE OF THE DOLLAR.
What else this does is prove the fact that a fiat paper currency is unstable and easily destroyed. If you run the printing presses too much, the
YOU CAN'T PRINT GOLD OR SILVER. This is why its value is so stable relative to paper currency... there is what there is and that's all that there
is. If you want more, you're going to have to get it the hard way. Most importantly, if you've spent it all, YOU REALLY ARE BROKE. Unlike our
government today, which always seems to be able to come up with the cash for anything it wants. (Ever wonder how they always did that?)
This is why bankers have always loved fiat currencies. It allowed them to partner up with governments, create money, spend it, and get something for
nothing. Why do you think bankers are so wealthy? They've stolen the publics wealth with money that is basically counterfeit.
[edit on 10-4-2008 by ianr5741]