IF they did...then at that point in time I will be glad I have 1/2 doz. ak47's and about twenty thousands rounds of ammo because I think I would need it.
Well Bush can listen to your phone conversations...he can look at your bank accounts your Stock investments...he is changing laws that people have held sacred for many many years and the Americans have yet to test his grounds or fight for their right to privacy.....bridges are being crossed that have never been crossed and the American people still have not done anything to stop it...he has two more years in office...what will be next??????
The more he changes the less you (WE) have....We the people are no longer the Government of this Nation...Our shoulders have been broken...because We The People were sold out by the very people who were suppose to be working for us padded their pockets and profited from the destruction of the Greatest Nation that has ever been....This started way before Bush JR...But he sure has not helped anything either...just made it much much worse...it is now up to the Other Countries like China and India to hold America's weight...will they do it?....will they be as broad as ours once were....I doubt it....Haven't we given all our Knowledge to the World and for what price...How long will it be before they want what is theirs....and what they say is theirs, will we be able to once again fight for it!!!! We are losing what our forefathers fought and died for and it is going to be left up to us to fight to keep it....This time it won't be distinguished between the Red Coats or the Blue Coasts...or the Blue and the Gray....what face will be on the next revolution...over the last 5 years the American people still have not voiced these issues...WHY! When and Where will the American stand and say enough is enough....How do you control a Nation and its people...YOU KEEP THEM POOR! And each day that goes by people become poorer and poorer....Yet our government wants to create a democratic government in Afghanistan and Iraq...When the United States is no longer a democratic democracy....America you are surrounded by the enemy and still don't realize it....look at New Orleans...I can understand a third world country being hit and left...but a Major City in the United States...seems so surreal and unbelievable...but it is real and true and is an awakening....it is like the beginning of our turning back to the times before the industrial revolution...I can go on and on...but our government had days and days to plan and coordinate and have supplies and medical teams ready to move in...This country is corrupt and it just opened up the eyes of the world to see what we have really become...Sad Sad times with more to come.
<< <i>The government never asked for all to turn in silver. >>
Actually there WAS either legislation or a Presidential order around that same time period that called for the turning in of all the silver as well, but they never bothered to enforce it or put it into effect. There was some silver turned in under its provisions but not a large amount.
<< <i><< There is no amendment that protects our gold or silver. >>
True, but the original wording certainly made money not backed by gold/silver unconstitutional. That one obviously got left at the roadside awhile back. >>
Go back and read it again. The Constitution gives the Federal government the power to create money and regulate its value but there is nothing in the constitutuon that requires the federal government money to be backed by gold or silver. It does forbid the STATES from making (declaring) anything but gold or silver a legal tender, but not the FEDERAL government.
Lots of people seem to have the idea that since the 1933 presidential orders exempted coins from before 1933 that they are forever protected. All that any new legislation would have to do it to change that date, say change it to 1793, or not state any date and just say "All gold and/or silver coins must be surrendered" That would remove any protection from any coin. All means ALL!.
i would like for people to make guesses why the govt would want that useless relic we call gold.
maybe foreign govts will demand payment in gold. this will cause the USA to go through its gold stocks in a matter of ?years?. a crisis could pop up that does not allow the economy to get back on track, so they will demand all our gold because our senators are a bunch of crooks and want the easy way out for a problem their senator fathers created.
we are in debt. that is why the govt may take our gold.
does anyone else have other reasons why it may happen?
<< <i>Well Bush can listen to your phone conversations...he can look at your bank accounts your Stock investments...he is changing laws that people have held sacred for many many years and the Americans have yet to test his grounds or fight for their right to privacy.....bridges are being crossed that have never been crossed and the American people still have not done anything to stop it...he has two more years in office...what will be next??????
The more he changes the less you (WE) have....We the people are no longer the Government of this Nation...Our shoulders have been broken...because We The People were sold out by the very people who were suppose to be working for us padded their pockets and profited from the destruction of the Greatest Nation that has ever been....This started way before Bush JR...But he sure has not helped anything either...just made it much much worse...it is now up to the Other Countries like China and India to hold America's weight...will they do it?....will they be as broad as ours once were....I doubt it....Haven't we given all our Knowledge to the World and for what price...How long will it be before they want what is theirs....and what they say is theirs, will we be able to once again fight for it!!!! We are losing what our forefathers fought and died for and it is going to be left up to us to fight to keep it....This time it won't be distinguished between the Red Coats or the Blue Coasts...or the Blue and the Gray....what face will be on the next revolution...over the last 5 years the American people still have not voiced these issues...WHY! When and Where will the American stand and say enough is enough....How do you control a Nation and its people...YOU KEEP THEM POOR! And each day that goes by people become poorer and poorer....Yet our government wants to create a democratic government in Afghanistan and Iraq...When the United States is no longer a democratic democracy....America you are surrounded by the enemy and still don't realize it....look at New Orleans...I can understand a third world country being hit and left...but a Major City in the United States...seems so surreal and unbelievable...but it is real and true and is an awakening....it is like the beginning of our turning back to the times before the industrial revolution...I can go on and on...but our government had days and days to plan and coordinate and have supplies and medical teams ready to move in...This country is corrupt and it just opened up the eyes of the world to see what we have really become...Sad Sad times with more to come. >>
Oh shut up!!! Nothing that has taken place during this administration is new. It's all been done before. this isn't the forum for this discussion anyway.
If I was half as smart as I am dumb Iwould be a genious
blah blah blah Bush is bad. he listens to you ordering pizza and tracks your purchases at wal mart. by the way you are getting low on milk. Call me an idiot and you had to start your post with a bush bash. the rest was decent. You are an idiot if you think he is the reason you are gonna loose your gold. You did elude to in not being all his fault but he made it worse. you are such a dolt.
If I was half as smart as I am dumb Iwould be a genious
And you say adding Trillions to the National debt is trivial? Then if he is not the reason for the rising debt...Pray tell me who is...twit! Saddam did it right...inquiring minds really want to know!
He can send our boys off to be killed and spend Trillions of American tax dollars to Free An Arab world who has been fighting among themselves for 2000 years and Bush and his club can't even help their own people in times of need....I find it real hard to comprehend...would you feed the neighbors kids and let your starve!!
The Federal Govt could not print paper money based on the original constitution. To do so today is still contrary to the constitution. Money HAD to be coined and made of gold and silver of a certain fineness. Those requirements are in the constitution. Absolutely there was no means intended for the FED govt to print paper money of any sort. The FF's never intended to give the govt the ability to print paper money or even issue bills of credit (continentals in 1770's, greenbacks in the 1860's, etc). Those powers were usurped similar to what the FED did in 1913 to create FRN's (bills of credit).
Gold and silver coins per the constitution are still the only legal form of payment for debts.
There have been national debts before and there will be again. Bush Can't spend money. That is up to congress. There is plenty of blame to go around. I just get sick of hearing The President getting blamed for everything. I don't want this to further digress into name calling so I'll let it go.
If I was half as smart as I am dumb Iwould be a genious
What about the Presidents right to Veto...he may not be the one to spend it without Congress approval but he sure has a lot of influence.
No Bush is not responsible for Sept. 11th...Like I said what has happened to the United States has taken almost 30 years of neglect in the FBI, CIA and many departments that should have been on this whole deal before it went down. But he is the President and he will take the heat but when the history books are written I hope it will all be exposed because there are people who know the truth...but afraid to tell it at this time.
Read an interesting article by Chris Laird on financialsense.com that estimated the total world assets: "paper" and "electronic $$" liquidity as well as debt, real estate, derivatives, etc. was something like $2,000 TRILLION dollars.....$2 QUADRILLION. Or maybe it was 2X that.
Either way, the ability to hiccup the system and cascade liquidity issues from one bearer to the next is unparalled today.
Last I calculated the total amount of gold ever mined and assumed to all still be here today, is worth a few TRILLION dollars, a dollar amount that is traded almost DAILY on the currency markets. The US has about $150 BILLION worth of gold (8K tons) on the "books." We borrow that amount in paper assets less than every 3 months. About 2% of the circulating US currency (FRN's) is "covered" informally by US gold.
What ought to be done instead is for the US government to call for all non-precious metal coins and non-precious metal-backed paper currency to be turned in, in exchange for dollars backed by a certain amount of gold per dollar. Goodbye and good riddance to "clad" coins and inconvertable-paper currency.
<< <i>The Federal Govt could not print paper money based on the original constitution. To do so today is still contrary to the constitution. Money HAD to be coined and made of gold and silver of a certain fineness. Those requirements are in the constitution. >>
The word "coin" in the Constitution trips up a lot of people. While "coin" can refer to a piece of metal intended to circulate and facilitate trade, it is also a verb that means "To create". The use in the Constitution "the power to coin money and regulate the value thereof" can be read as the power to create money and regulate its value. It does not say that that money must be gold and/or silver. Turning paper and ink into legal tender currency is also "coining money". (The only place where gold and silver is mentioned is where the STATES are forbidden to make anything but gold and silver a legal tender, and that is in a completely different section.) And it would be rather difficult to regulate the value of gold and silver coins since their value is dependant upon the world markets. Paper money on the other hand can have its value regulated more easily by the issuing government through the adjustments in the amount in circulation. While I am sure the founding fathers hoped the use of paper money would not be needed, they did not hamstring the federal government by forbidding its issuance.
And nowhere in the Constitution does it make any mention of a certain fineness of the gold or silver for the coinage. Those requirements are in various pieces of legislation and the Mint Act of April 1792, not the Constitution.
Today there is no way to hide anything you have...even the land you own if the government wants it they can take it too if it proves more beneficial to them than you...so what does really matter anyway! Is it safe to say ignorance is the best policy or is it better to know and wonder about what might come...I think in a perfect world(which this is not)People would try to make it to where things would work out in a civilized society if they knew how...We as the Newest Nation struggled and our forefathers were a wonderful bunch to have had before us...doesn't it make you wonder just how they all came together like that and why it can not work in other societies...We came from all walks of life to create the Greatest Nation on Earth we have given to the world everything we had to give...in a society which is much older than ours...if they have not learned to live together in 2000 years how are we going to make it happen...we won't...but if we are attack by that Society then it makes it our problem...Resolve...Bring um home...spend money on building your nation up again make it strong and take care of your people...Make the people of the United States shoulders broad and strong again....get to the root of government corruption...don't make a show out of something that isn't, which is done many times to make look like something is being done...when in reality it is a lie...30 years of decay can cause a great deal of problems..the best Resolve is to renovate and build a better foundation so we as a Nation can continue to live as our Forefathers visioned...never lose site of where we as a Nation came from...most Americans are humble, honest hardworking people who deserve every right their forefathers envisioned for them...Never Challenge the Constitution for it is the backbone which made this Nation Great....and Gave We the People the freedom of choice and the freedom of speech it gave us rights like no other nation in the world...just teach our children what generations of the past fought and died for...put truth and honesty back into our society and correct the wrong...for Government is for the People and by the people, the Constitution tells me so...Government was not created for a select few, it was created for all people so says the Constitution of Laws...our backbone is cracked but it can be minded for I know we are more intelligent than our leaders are giving us credit for...I remember back in the 60's there was a song called United We Stand Divided We fall and if our backs should ever be against the wall we will be together...Those words have always stuck with me for some reason...I guess because they are words of strength...we the People just need to come together again and Unite and take control of our Nation for it is ours now...but with no backbone it can easily become someone else's...
"Coining" money seems very clear to me. One cannot coin paper unless we are now debating the meeting of "is." "I did not have relations with that coin, Miss Liberty."
“You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.”
"Im not young enough to know everything." Oscar Wilde
Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
Clothes make the man. Naked people have little or no influence on society.
The Roadrunner assumption is that Congress could only coin gold or silver. In fact they can coin anything they wish including round plastic coins giving title of ownership. Only the States were required to coin with just gold and silver. The notion that the Federal Government only has a few billion in gold backing coins is true-- but misleading. The assets are more like, 100 Trillion----For example the liquid fungible value of offshore oil and gas (unleased) to the world market. Hmm 3 trillion barrels oil equivalent X $60 dollars a barrel = ?. How about undeveloped land outside of National Parks? How much is is a few thousand acres next to Jellystone worth to the random Arab prince? Our Federal Government has plenty of liquid and desireable assets to back any demand for payment---
If they were thinking of taking the Gold, why would they be selling the Gold? 300,000 oz of Buffalo = 18,750 lbs = 9 tons !! Plus all the unc. + the Eagles.
So if there was a problem, first they'd stop selling the gold.
Actually, it seems like they are selling more Gold. Not only the Buffalos, but the First ladies, the San Fran. Comm. among others.
If anything, one may need to ask, why are they selling all the gold ?????
No they sell the gold at a profit...then they take it back at some point...which could be your loss.
Also think of like this...what better way is there to store gold and not have it all in one place...seems like all gold sales no matter how small are getting reported...I sold under $500 and the guy recorded it...
When you weigh gold and silver...12 oz equal a Troy lb...not 16...so it is 12.5 tons of gold to create 300,000 buffalo's.
I guess that would be Troy Tons.
When you buy a roll of Silver Eagles there are 20 in a roll...so in reality you are buying 1.66666666666666 lbs of silver.
<< <i>Today there is no way to hide anything you have...even the land you own if the government wants it they can take it too if it proves more beneficial to them than you...so what does really matter anyway! Is it safe to say ignorance is the best policy or is it better to know and wonder about what might come...I think in a perfect world(which this is not)People would try to make it to where things would work out in a civilized society if they knew how...We as the Newest Nation struggled and our forefathers were a wonderful bunch to have had before us...doesn't it make you wonder just how they all came together like that and why it can not work in other societies...We came from all walks of life to create the Greatest Nation on Earth we have given to the world everything we had to give...in a society which is much older than ours...if they have not learned to live together in 2000 years how are we going to make it happen...we won't...but if we are attack by that Society then it makes it our problem...Resolve...Bring um home...spend money on building your nation up again make it strong and take care of your people...Make the people of the United States shoulders broad and strong again....get to the root of government corruption...don't make a show out of something that isn't, which is done many times to make look like something is being done...when in reality it is a lie...30 years of decay can cause a great deal of problems..the best Resolve is to renovate and build a better foundation so we as a Nation can continue to live as our Forefathers visioned...never lose site of where we as a Nation came from...most Americans are humble, honest hardworking people who deserve every right their forefathers envisioned for them...Never Challenge the Constitution for it is the backbone which made this Nation Great....and Gave We the People the freedom of choice and the freedom of speech it gave us rights like no other nation in the world...just teach our children what generations of the past fought and died for...put truth and honesty back into our society and correct the wrong...for Government is for the People and by the people, the Constitution tells me so...Government was not created for a select few, it was created for all people so says the Constitution of Laws...our backbone is cracked but it can be minded for I know we are more intelligent than our leaders are giving us credit for...I remember back in the 60's there was a song called United We Stand Divided We fall and if our backs should ever be against the wall we will be together...Those words have always stuck with me for some reason...I guess because they are words of strength...we the People just need to come together again and Unite and take control of our Nation for it is ours now...but with no backbone it can easily become someone else's... >>
The problem with this argument is that it is contingent upon the assumption that the nation's politicans give a flying rat's a$$ about the Republic and its citizens. This isn't a bet I'd be willing to take in a million years.
.....GOD
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
"nation's politicians give a rats ass"...no its about everyone giving a rats ass...It is about the Country coming together as a whole...Politicians are servants of the People they are not dictators like they think they are...it has to go back to the Constitution and the people have to take their Given Rights back that Their Forefathers gave to them...Our Nation has a system of Checks and Balances...well for years now the Checks have not been checked and we are way out of Balance...it is time for the People to come together and re Balance the system...if it takes impeaching public officials so be it...If the people start demanding change it will happen...but if they sit idol and say ahhh it will take care of itself then this nation is doomed...The People have a responsibility to the Nation and to themselves to take control of their own lives and not let dictators control...we are not Communist...we are a Democratic Society....with Laws and Rights...Politicians work for the people...the people don't work for the Politicians...It is on the shoulders of the American People to turn it around....Right now there are people trying to make a change...and working to secure our boarders...they are doing this on their own time....this is what America is all about...Sept. 11th it was about the people helping people...we came together...It is about New Orleans, the people came to help but where was the government...Americas hardships are not over they are just beginning...and it is left up to the People to Re Unite the Country and make the changes that need to be made....Power to the People.
dlimb2--Very well and reasoned arguement about unity. Both parties unfortunately spent a lot of time finding emotional "hot button" issues that separate voters--instead of addressing the really tough problems. There were major differences after Nixon and through Bush 1, but considerable unity overall solving problems. Unfortunately both Clinton and Bush 2 have distroyed any semblance of reasoned debate of substantive issues---For example I don't know a single flaming Liberal who thinks 13 million people should be able to just walk into the USA. Or a Conservative who truly believes that nearly doubling the national debt was a good thing in these last 6 years. But you'd never know it from all the screaming. ---------- Sadly the upholding the Texas Redistrcting case by the Supremes yesterday means things will get far worse in the other 49 states--with all incumbents almost impossible to unseat.
IF the feds were to do that, imagine the SUPREME confidence that would follow in world finance markets. NOT a likely option in the near future....Just my opinion
Morgannut2, yes it is the pettiness that Politicians use today because they view the American People as very narrow minded and shallow....a few more disasters and things will change...For we as a Nation can not continue to donate all our resources to foreign lands when our own country is doing without. Our foundation is crumbling and the cover ups have gone on long enough...Revolution...I do not think we are to far off from one...when you strip a nation and its people of everything...times will be a changing...there is no way people are going to accept a new world order controlled by one world government and this is where we are headed...When it comes down to it...the American people are not going to accept the 3rd world life style they are trying to create....we have been there and done that...people may remain ignorant for a little while but it won't take them long to wise up and see the lies they have been feed....Americans who founded this Nation were people of strong will...I hope their genes have been passed on to the generation of today...Like the last words of Flight 93 before it went down in that Pennsylvania field...Lets Roll.
Excellent article, Frankcoins - I'm going to post it over at the Open Forum. This is a topic I've read and talked about a lot in the past and always find interesting (and scary).
24HourForums.com - load images, create albums, place ads, talk coins, enjoy the community.
It's improbable that the government would ever confiscate gold again since it is no longer monetized and it's difficult to imagine a scenario which would lead to the need to anger millions of voters.
It's easier to imagine silver being confiscatred though this is a long shot. If the market rallies sufficiently to break those selling paper metal then many buyers are going to be left holding the bag. Worse is the damage that would be caused by a default of this magnitude. Suddenly there would be a surge in demand caused by longs who suddenly find they have no silver and margin- al shorts trying to stay afloat. Users would likely join the stampede. Supply would instantly be almost non-existent. This could cause massive disruptions in the commodity and even in the currency markets. The government would have to step in and do something.
It's more likely they'd announce the confiscation of silver than actually do it since the silver market would calm as soon as there was a trading halt and government took over.
This could happen in gold as well but gold is a far more known and fixed quantity. There are huge hordes of gold and most of these are already in government hands. Gold would almost have to be remonetized befor anyone would have any interest in calling it in. The only way gold would be remonetized is in the event of a currency crisis. There would be much bigger problems than gold in a currency crisis.
Comments
because I think I would need it.
CG
I think they are safe until the forests are gone...
<don't look here.. no gold no silver check the next guy please>
The more he changes the less you (WE) have....We the people are no longer the Government of this Nation...Our shoulders have been broken...because We The People were sold out by the very people who were suppose to be working for us padded their pockets and profited from the destruction of the Greatest Nation that has ever been....This started way before Bush JR...But he sure has not helped anything either...just made it much much worse...it is now up to the Other Countries like China and India to hold America's weight...will they do it?....will they be as broad as ours once were....I doubt it....Haven't we given all our Knowledge to the World and for what price...How long will it be before they want what is theirs....and what they say is theirs, will we be able to once again fight for it!!!! We are losing what our forefathers fought and died for and it is going to be left up to us to fight to keep it....This time it won't be distinguished between the Red Coats or the Blue Coasts...or the Blue and the Gray....what face will be on the next revolution...over the last 5 years the American people still have not voiced these issues...WHY! When and Where will the American stand and say enough is enough....How do you control a Nation and its people...YOU KEEP THEM POOR! And each day that goes by people become poorer and poorer....Yet our government wants to create a democratic government in Afghanistan and Iraq...When the United States is no longer a democratic democracy....America you are surrounded by the enemy and still don't realize it....look at New Orleans...I can understand a third world country being hit and left...but a Major City in the United States...seems so surreal and unbelievable...but it is real and true and is an awakening....it is like the beginning of our turning back to the times before the industrial revolution...I can go on and on...but our government had days and days to plan and coordinate and have supplies and medical teams ready to move in...This country is corrupt and it just opened up the eyes of the world to see what we have really become...Sad Sad times with more to come.
<< <i>The government never asked for all to turn in silver. >>
Actually there WAS either legislation or a Presidential order around that same time period that called for the turning in of all the silver as well, but they never bothered to enforce it or put it into effect. There was some silver turned in under its provisions but not a large amount.
<< <i><< There is no amendment that protects our gold or silver. >>
True, but the original wording certainly made money not backed by gold/silver unconstitutional. That one obviously got left at the roadside awhile back. >>
Go back and read it again. The Constitution gives the Federal government the power to create money and regulate its value but there is nothing in the constitutuon that requires the federal government money to be backed by gold or silver. It does forbid the STATES from making (declaring) anything but gold or silver a legal tender, but not the FEDERAL government.
Lots of people seem to have the idea that since the 1933 presidential orders exempted coins from before 1933 that they are forever protected. All that any new legislation would have to do it to change that date, say change it to 1793, or not state any date and just say "All gold and/or silver coins must be surrendered" That would remove any protection from any coin. All means ALL!.
want that useless relic we call gold.
maybe foreign govts will demand payment in gold. this will cause
the USA to go through its gold stocks in a matter of ?years?.
a crisis could pop up that does not allow the economy to get
back on track, so they will demand all our gold because our
senators are a bunch of crooks and want the easy way out
for a problem their senator fathers created.
we are in debt. that is why the govt may take our gold.
does anyone else have other reasons why it may happen?
<< <i>What little gold is strewn about is incidental in the scope of things. >>
Exactly. Strategically, it doesn't mean as much as it used to.
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>Well Bush can listen to your phone conversations...he can look at your bank accounts your Stock investments...he is changing laws that people have held sacred for many many years and the Americans have yet to test his grounds or fight for their right to privacy.....bridges are being crossed that have never been crossed and the American people still have not done anything to stop it...he has two more years in office...what will be next??????
The more he changes the less you (WE) have....We the people are no longer the Government of this Nation...Our shoulders have been broken...because We The People were sold out by the very people who were suppose to be working for us padded their pockets and profited from the destruction of the Greatest Nation that has ever been....This started way before Bush JR...But he sure has not helped anything either...just made it much much worse...it is now up to the Other Countries like China and India to hold America's weight...will they do it?....will they be as broad as ours once were....I doubt it....Haven't we given all our Knowledge to the World and for what price...How long will it be before they want what is theirs....and what they say is theirs, will we be able to once again fight for it!!!! We are losing what our forefathers fought and died for and it is going to be left up to us to fight to keep it....This time it won't be distinguished between the Red Coats or the Blue Coasts...or the Blue and the Gray....what face will be on the next revolution...over the last 5 years the American people still have not voiced these issues...WHY! When and Where will the American stand and say enough is enough....How do you control a Nation and its people...YOU KEEP THEM POOR! And each day that goes by people become poorer and poorer....Yet our government wants to create a democratic government in Afghanistan and Iraq...When the United States is no longer a democratic democracy....America you are surrounded by the enemy and still don't realize it....look at New Orleans...I can understand a third world country being hit and left...but a Major City in the United States...seems so surreal and unbelievable...but it is real and true and is an awakening....it is like the beginning of our turning back to the times before the industrial revolution...I can go on and on...but our government had days and days to plan and coordinate and have supplies and medical teams ready to move in...This country is corrupt and it just opened up the eyes of the world to see what we have really become...Sad Sad times with more to come. >>
Oh shut up!!! Nothing that has taken place during this administration is new. It's all been done before. this isn't the forum for this discussion anyway.
He can send our boys off to be killed and spend Trillions of American tax dollars to Free An Arab world who has been fighting among themselves for 2000 years and Bush and his club can't even help their own people in times of need....I find it real hard to comprehend...would you feed the neighbors kids and let your starve!!
If I had any, of course. Which I don't, if you're the government and you're asking.
Gold and silver coins per the constitution are still the only legal form of payment for debts.
roadrunner
No Bush is not responsible for Sept. 11th...Like I said what has happened to the United States has taken almost 30 years of neglect in the FBI, CIA and many departments that should have been on this whole deal before it went down.
But he is the President and he will take the heat but when the history books are written I hope it will all be exposed because there are people who know the truth...but afraid to tell it at this time.
that estimated the total world assets: "paper" and "electronic $$" liquidity as well as debt, real estate, derivatives, etc. was
something like $2,000 TRILLION dollars.....$2 QUADRILLION. Or maybe it was 2X that.
Either way, the ability to hiccup the system and cascade liquidity issues from one bearer to the next is unparalled today.
roadrunner
``https://ebay.us/m/KxolR5
The US has about $150 BILLION worth of gold (8K tons) on the "books." We borrow that amount in paper assets less than every 3 months. About 2% of the circulating US currency (FRN's) is "covered" informally by US gold.
roadrunner
<< <i>The Federal Govt could not print paper money based on the original constitution. To do so today is still contrary to the constitution. Money HAD to be coined and made of gold and silver of a certain fineness. Those requirements are in the constitution. >>
The word "coin" in the Constitution trips up a lot of people. While "coin" can refer to a piece of metal intended to circulate and facilitate trade, it is also a verb that means "To create". The use in the Constitution "the power to coin money and regulate the value thereof" can be read as the power to create money and regulate its value. It does not say that that money must be gold and/or silver. Turning paper and ink into legal tender currency is also "coining money". (The only place where gold and silver is mentioned is where the STATES are forbidden to make anything but gold and silver a legal tender, and that is in a completely different section.) And it would be rather difficult to regulate the value of gold and silver coins since their value is dependant upon the world markets. Paper money on the other hand can have its value regulated more easily by the issuing government through the adjustments in the amount in circulation. While I am sure the founding fathers hoped the use of paper money would not be needed, they did not hamstring the federal government by forbidding its issuance.
And nowhere in the Constitution does it make any mention of a certain fineness of the gold or silver for the coinage. Those requirements are in various pieces of legislation and the Mint Act of April 1792, not the Constitution.
roadrunner
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Hey, if you think America sucks, just say so.
“You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.”
Oscar Wilde
Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
Clothes make the man. Naked people have little or no influence on society.
So if there was a problem, first they'd stop selling the gold.
Actually, it seems like they are selling more Gold. Not only the Buffalos, but the First ladies, the San Fran. Comm. among others.
If anything, one may need to ask, why are they selling all the gold ?????
Also think of like this...what better way is there to store gold and not have it all in one place...seems like all gold sales no matter how small are getting reported...I sold under $500 and the guy recorded it...
When you weigh gold and silver...12 oz equal a Troy lb...not 16...so it is 12.5 tons of gold to create 300,000 buffalo's.
I guess that would be Troy Tons.
When you buy a roll of Silver Eagles there are 20 in a roll...so in reality you are buying 1.66666666666666 lbs of silver.
<< <i>Today there is no way to hide anything you have...even the land you own if the government wants it they can take it too if it proves more beneficial to them than you...so what does really matter anyway! Is it safe to say ignorance is the best policy or is it better to know and wonder about what might come...I think in a perfect world(which this is not)People would try to make it to where things would work out in a civilized society if they knew how...We as the Newest Nation struggled and our forefathers were a wonderful bunch to have had before us...doesn't it make you wonder just how they all came together like that and why it can not work in other societies...We came from all walks of life to create the Greatest Nation on Earth we have given to the world everything we had to give...in a society which is much older than ours...if they have not learned to live together in 2000 years how are we going to make it happen...we won't...but if we are attack by that Society then it makes it our problem...Resolve...Bring um home...spend money on building your nation up again make it strong and take care of your people...Make the people of the United States shoulders broad and strong again....get to the root of government corruption...don't make a show out of something that isn't, which is done many times to make look like something is being done...when in reality it is a lie...30 years of decay can cause a great deal of problems..the best Resolve is to renovate and build a better foundation so we as a Nation can continue to live as our Forefathers visioned...never lose site of where we as a Nation came from...most Americans are humble, honest hardworking people who deserve every right their forefathers envisioned for them...Never Challenge the Constitution for it is the backbone which made this Nation Great....and Gave We the People the freedom of choice and the freedom of speech it gave us rights like no other nation in the world...just teach our children what generations of the past fought and died for...put truth and honesty back into our society and correct the wrong...for Government is for the People and by the people, the Constitution tells me so...Government was not created for a select few, it was created for all people so says the Constitution of Laws...our backbone is cracked but it can be minded for I know we are more intelligent than our leaders are giving us credit for...I remember back in the 60's there was a song called United We Stand Divided We fall and if our backs should ever be against the wall we will be together...Those words have always stuck with me for some reason...I guess because they are words of strength...we the People just need to come together again and Unite and take control of our Nation for it is ours now...but with no backbone it can easily become someone else's... >>
The problem with this argument is that it is contingent upon the assumption that the nation's politicans give a flying rat's a$$ about the Republic and its citizens. This isn't a bet I'd be willing to take in a million years.
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
Some info on the gold turn-in
Link
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Sadly the upholding the Texas Redistrcting case by the Supremes yesterday means things will get far worse in the other 49 states--with all incumbents almost impossible to unseat.
it is no longer monetized and it's difficult to imagine a scenario which would
lead to the need to anger millions of voters.
It's easier to imagine silver being confiscatred though this is a long shot. If
the market rallies sufficiently to break those selling paper metal then many
buyers are going to be left holding the bag. Worse is the damage that would
be caused by a default of this magnitude. Suddenly there would be a surge
in demand caused by longs who suddenly find they have no silver and margin-
al shorts trying to stay afloat. Users would likely join the stampede. Supply
would instantly be almost non-existent. This could cause massive disruptions
in the commodity and even in the currency markets. The government would
have to step in and do something.
It's more likely they'd announce the confiscation of silver than actually do it
since the silver market would calm as soon as there was a trading halt and
government took over.
This could happen in gold as well but gold is a far more known and fixed quantity.
There are huge hordes of gold and most of these are already in government
hands. Gold would almost have to be remonetized befor anyone would have any
interest in calling it in. The only way gold would be remonetized is in the event of
a currency crisis. There would be much bigger problems than gold in a currency
crisis.
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