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The Perfect Currency.
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Thread: The Perfect Currency.

  1. #1
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    Lightbulb The Perfect Currency.

    No one will actually need to have a Gold or Silver backed currency, because Silver and Gold are the perfect currencies. All a merchant needs to do is to price merchandise in both fiat and PMs for a while, until the fiat is phased out. The banks will need to actually store fully audited bullion to issue for withdrawals. Any customers who deposit fiat will have it automatically converted by the bank into bullion for as long as that is possible. Most people will spend the contents of their accounts their deposits using a debit card that will transfer PM from the customer's acct to the store's. Use of paper checks should also be possible.  The bank gets 1% of all transactions, any deposit and withdrawal, that''s the source of all their fees for these accounts. No overdrafts should be possible, although I'm sure the banks will figure out a way to make loans. All currency transactions would be electronic (including the checks) except bullion deposits and withdrawal. Unless U.S. law specifies otherwise, the products could be priced in centigrams of silver and milligrams of gold and in any fluctuating local fiat units. The bank accounts would be in either gold OR silver. What do you think?
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  2. #2
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    Thumbs up If Russia and Mexico issue official silver without fiat markings, it is a good sign.

    The following excerpt is from a powerful Mexican millionaire's presentation.

    Russia and China are the only countries that could challenge the prevailing monetary order, because they have the armaments necessary to stand up to the US. The only monetary order which could completely eliminate the dollar as the world's reserve currency would be the gold standard, under which gold becomes the world's money, as it was prior to 1914. The transformation of the world's economy which will, at some point, accompany an inevitable return to gold as the world's money, will be an extremely traumatic event. It does not appear to be in the interest of Russia or of China to go down that path, at least for the time being

    However, the international monetary order, which derives its existence from the "Bretton Woods Agreements" of 1944, is exhausted. The world is in a slump. There is not a single country in the world to which we can point as a model of prosperity and stability. All countries are at monetary war with each other in the struggle to obtain dollar reserves, whose only origin is the US and which are indispensable for economic and political stability.

    The time has come for a new idea regarding money: the creation of a silver coin with a monetary value, which can circulate in parallel with "paper" money.

    The Russian "Silver Ruble", issued by the Treasury of the Russian Federation: a 1/2 ounce silver coin with a monetary value in rubles quoted by the Treasury and no stamped face value. The quoted ruble value of the coin to rise with rises in the ruble value of silver, but to remain stable with falls in the ruble value of silver.

    The creation of this Silver Ruble would mean a historic, fundamental break of the stranglehold exerted on the world by the present monetary order. It would mean that once again, silver attains status as money in Russia. The creation of this coin would not require the overthrow the present monetary order, as a return to gold as money would do, but it would be an important step towards the return to gold as money.
    - Hugo Salinas Price


    To maintain some tenuous link to fiat, a totally weird scheme is proposed by those who wish to "monetize" silver.


    Monetizing silver makes about as much sense as wetting water.

    When we get back around to using real money, I just hope that it's not too late, after too much unnecessary pain.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  3. #3
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    Default

    Quote Originally Posted by silverheartbone View Post
    No one will actually need to have a Gold or Silver backed currency, because Silver and Gold are the perfect currencies. All a merchant needs to do is to price merchandise in both fiat and PMs for a while, until the fiat is phased out. The banks will need to actually store fully audited bullion to issue for withdrawals. Any customers who deposit fiat will have it automatically converted by the bank into bullion for as long as that is possible. Most people will spend the contents of their accounts their deposits using a debit card that will transfer PM from the customer's acct to the store's. Use of paper checks should also be possible.  The bank gets 1% of all transactions, any deposit and withdrawal, that''s the source of all their fees for these accounts. No overdrafts should be possible, although I'm sure the banks will figure out a way to make loans. All currency transactions would be electronic (including the checks) except bullion deposits and withdrawal. Unless U.S. law specifies otherwise, the products could be priced in centigrams of silver and milligrams of gold and in any fluctuating local fiat units. The bank accounts would be in either gold OR silver. What do you think?

    Your still flying high and hope never ends while wearing blinders.

    Ok so you and I have our Silver to deposit, but where is the rest of our population going to obtain their Silver that doesn't exist other than in a fraction of an ounce per person???

    And short of hyper-inflating Silver to an astronomical level so it can be useful as a currency, where are you planning on obtaining all this Silver that doesn't exist$$$

    The laws of gravity still exist so come down out of that cloud and face reality, there isn't anywhere near enough Silver on the planet to support the US doing this let alone the entire world.

    Not to mention the most important piece of your puzzle, the US government would never go along with it and neither would the banks.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  4. #4
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    Arrow history has tended to repeat again and again

    Quote Originally Posted by valerb View Post
    Your still flying high and hope never ends while wearing blinders.

    Ok so you and I have our Silver to deposit, but where is the rest of our population going to obtain their Silver that doesn't exist other than in a fraction of an ounce per person???.
    It seems like you missed the part where I specified that. Go back and reread the short paragraph. I have confidence that you will be able to discern the answer to your question.

    And short of hyper-inflating Silver to an astronomical level so it can be useful as a currency, where are you planning on obtaining all this Silver that doesn't exist$$$.
    I won't be obtaining the silver. The banks better have started already or they will be closing. Not just silver, but both monetary precious metals are to be used. It exists in more than sufficient quantities, in fact there are billions of ounces of silver alone.

    The laws of gravity still exist so come down out of that cloud and face reality, there isn't anywhere near enough Silver on the planet to support the US doing this let alone the entire world.

    Not to mention the most important piece of your puzzle, the US government would never go along with it and neither would the banks.
    Thank you Vale for thinking so predictably, expressing the weak nay-saying bankster perspective. I do appreciate it.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  5. #5
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    Default

    Quote Originally Posted by silverheartbone View Post
    It seems like you missed the part where I specified that. Go back and reread the short paragraph. I have confidence that you will be able to discern the answer to your question.

    I won't be obtaining the silver. The banks better have started already or they will be closing. Not just silver, but both monetary precious metals are to be used. It exists in more than sufficient quantities, in fact there are billions of ounces of silver alone.

    Thank you Vale for thinking so predictably, expressing the weak nay-saying bankster perspective. I do appreciate it.

    Well I'm sure some of your fellow prognosticators will want to know where they are hiding all those extra billions of ounces that you know of and even the great Teddy doesn't and that will
    really upset the apple kart for those pushing the concept of no Silver left for sale as it's all smoke and mirrors so no one will need to rush out and buy the last few remaining scraps from them.

    That a boy, strut your stuff, pull up your pants and tie on those suspenders, you are running over the bankers now with abandon, wow, such power they will never see you and the others in that clown car coming.

    Your such a fool to believe the government and bankers will go along with your crazy scheme when it doesn't fit their plans just because you are now riding around in a clown car.

    What do you actually think would happen if the government was bound by a budget that couldn't increase their spending habits, they
    would go for the throat and handouts to the poor with food stamps, Medicaid, housing assistance and on and on and on.

    Tell those people they have to do with less and less because of the new monetary system that the people have demanded.

    Oh yes I forgot everyone will become more wealthy with these new bank accounts configured in ever increasing bogus values of Gold and Silver and never decreasing values no matter what happens.

    When you think things through you just skip over all the pot holes as if they do not exist.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

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