Originally Posted by
David Merrill
There are no silver bullets but getting your head clear of the conditioning is a great start toward better providence and will help you keep out of the mire when the gold is reinstated at $42.22/troy ounce. To everybody else, it will appear to be a "collapse".
(hopefully I quoted right) - I can only read so much in a day, and I am now cognizant of the need for a slow jog pace and maybe my questions will have to be answered only in due time... but I am curious... my head hasn't wrapped itself around this yet:
When we "demand lawful money" on all our incoming money to the bank, what happens when we "spend" that money? HOW do we "spend" it without US Notes in circulation? Do we spend it? If we have a bank account full of lawful money and we use our debit card - are we spending lawful money or spending debts (FRN's)?
As David said, "when" the dollar is put back on the gold standard (and I heard that for the longest time), does that mean if I have a modest bank account stocked with LAWFUL money, that my bank account will read almost 40:1 what someones bank account will read with all FRN's? (I base this on two assumptions - Gold at $1600/oz FRN and gold at $40/oz USNotes [without looking up actual spot prices])
I am assuming that a lawful note is worth (roughly) 40:1 vs the FRN (POTENTIALLY)?
Maybe I need to ask these in a new thread, or maybe they tie into my initial question - I don't know. Please bare with me. I have learned an immense amount in just over a week. I doubt I will ever use an attorney again except maybe for review opinion. I am just having trouble wrapping my head around how we can "spend" lawful money, rather than just acquire it. (Almost all google searches referencing "lawful money" redirect to suitors club) :)
Thanks guys