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Thread: What is the Lawful Value of Lawful Money?

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    What is the Lawful Value of Lawful Money?

    This is a thread for the discussion of determining what the lawful value of demanded "lawful money" is.

    We know that 1 "dollar" (unit of measure) of Federal Reserve Notes is a debt obligation in the amount of 1/1000th of an ounce of gold. It takes approximately 1000 FRNs to obtain an ounce of gold according to current conventional index. That is what "private credit", as termed on this forum, is valued at.

    What should 1 "dollar" of demanded "lawful money" be valued at? Of course, everyone here knows that even if we "demand lawful money" for every transaction, a cheeseburger at McDonald's will remove 1 "dollar" out of one's pocket and one will receive the same amount of "change" in return regardless of one's "demand". Also, everyone will pay tax on that burger regardless of one's proclaimed self-determination of being inherently excepted from "taxation".

    Therefore, to summon the wisdom of those who proclaim deep and vast knowledge on the subject, I pose this question...

    What is the Lawful Value of Lawful Money?

    Let's use 1 ounce of gold as the comparison.
    Last edited by BLBereans; 08-03-15 at 10:27 PM.

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