i think everyone on this thread has missed the big one. if they want to tax this guy on the real value of a silver dollar,then why cant we claim the
real value of a federal reserve note? ( about 4 cents) doesnt it work both ways? how do you prosecute both?
you wanna say that a silver dollar is woth more than a dollar ,then you have to admit that the federal reserve note dollar is not worth a dollar.
this is because the dollar is specifically 27.07 grams of .903 pure silver.
this was the first sd minted by the us.
so,if they're going to get this guy for the value of silver,then we should be be able to claim 100,000 as 4000.
and dont get me started on the legality of the irs
does everyone know that every cent of your income tax goes to the federal reserve to pay intrest that we owe because we have no american currency??
hence the national debt.
also the fed produces money out of thin air. but here's the problem.
the fed only creates money to lend. so lets put this in a very easy to understand context. say i am the fed,and i create $1o dollars @ 2%. ths means
you now owe me $12. only problem is that as the fed .i only created $10. where does the intrest come from? the fed is the only creator of currency,and
they loan every cent of that fiat currency. the dog is now catching its own tail,because the bad loans in the mortgage sector stopped coming in .not
to mention the intrest .
this put the banks in a real dilema
this is why the intrest rate at the discount window(where the banks borrow) went down to 2.25% and home loans went up. it was a scheme to up the
intrest at your expense to take the banks out of trouble.
in other words , you're footing the bill for big cusinesses fouo up agin.
REMEMBER THE SAVINGS AND LOANS? SEEM FAMILIAR?
[edit on 12-4-2008 by Spectre0o0]
[edit on 12-4-2008 by Spectre0o0]