Old Book shows how Constitutional money system worked

[motla68]

The value of the dollar in the cases you provided as a medium of exchange.
The corollary of medium of exchange is unit of account.

You've also touched upon price-value theory.

A reserve currency serves as support for a derivative.
Banknotes, historically, derive their value from a reserve currency.

Another interesting read: A History of Money and Banking in the United States: The Colonial Era to WWII by Murry N. Rothbard courtesy of mises.org.

This seems to complicate things being of distraction, but there is other events that happen at the time it happens. Taking the word of this guy is no different then taking the word of the informer. How about go to the lawful construction itself rather then second hand opinion again?



Not worth the paper and ink it is printed and what is a cent, who determines that value?.

" full faith and credit " , this be at the discretion of the user. When one writes on it as the equivalent for lawful money it changes it's value quite significantly or does any of the examples previously mentioned, the only thing that could matter at the time of use is rate of exchange. This happens with gas prices all the time, " price per gallon ". It is not the currency that sets value. it is the value one gives of the thing exchanged for that sets the value. Even if it has backing of mortgages, a mortgage is still a lien. Falls back again to the conscience morality of a man and his agreements.

Also, the statute in Florida 697.02 "nature of a mortgage" just confirms the "mortgage" is actually just a "usufructuary interest" in the "property described"; the warranty deed "guarantees" the one using the name possession and use. All statutes do is govern an "usufructuary interest" "surrendered" to the "public".

[shikamaru]

This seems to complicate things being of distraction, ...

No distraction. I'm introducing elements which you have not considered nor were you aware of.

Money serves (4) functions:

a) unit of account
b) medium of exchange
c) standard of deferred payment
d) store of value

Historically, the medium of exchange and the unit of account may not have been the same item.

The attempt to play off my post as a distraction only serves to show your ignorance of the breadth and depth of the subject matter.

but there is other events that happen at the time it happens.

Would you care to enumerate what those other events are?

Taking the word of this guy is no different then taking the word of the informer.

a) "This guy" is Murry N. Rothbard, a renowned economist from the Austrian School of Economics.
b) How about investigating the resource, before arriving at a dismissive conclusion?

How about go to the lawful construction itself rather then second hand opinion again?

By the by, Congressional Record is not law. Statutes and acts are a form of law.

Given you don't know if your hole is bored or punched on this matter, I'd say you aren't qualified to determine the quality of resources presented.

" full faith and credit " , this be at the discretion of the user.

Is this your opinion?
You'll need to state as such as well as provide another opinion, perhaps officially, for us to gain a better understanding of the clause "full faith and credit".

When one writes on it as the equivalent for lawful money it changes it's value quite significantly or does any of the examples previously mentioned,

What is value?
Given I have explained the functions of money, what is lawful money?

the only thing that could matter at the time of use is rate of exchange. This happens with gas prices all the time, " price per gallon ".

What you speak of is simply price. Price is a measure and statement of value.

It is not the currency that sets value it is the value of the thing exchanged for that sets the value.

What sets the value is what the buyer is willing to pay for it. Price being the measure and expression of value of an item.
Go out an attempt to sell apples at $5 per apple and see if you get any takers.

[shikamaru]

Also, the statute in Florida 697.02 "nature of a mortgage" ....

This is a claim with no cite.

just confirms the "mortgage" is actually just a "usufructuary interest" in the "property described";

Confirms for whom? Merely yourself?

the warranty deed "guarantees" the one using the name possession and use. All statutes do is govern an "usufructuary interest" "surrendered" to the "public"

You never did respond to my post concerning the nature of a mortgage.
What about title theory states vs. lien theory states concerning mortgages?

[motla68]

What sets the value is what the buyer is willing to pay for it. Price being the measure and expression of value of an item.
Go out an attempt to sell apples at $5 per apple and see if you get any takers.

The events were the ones described if you can see what is in front of you, but thank you for justifying my whole posting.

[motla68]

This is a claim with no cite.



Confirms for whom? Merely yourself?



You never did respond to my post concerning the nature of a mortgage.
What about title theory states vs. lien theory states concerning mortgages?

- cite [saɪt]
vb (tr)
" 1. to quote or refer to "

- Again, the usufructuary. I do not known how many times i have posted about who is usufructuary for you, but if you have not figured it out by now that is on you.
I have shown, it is your responsibility to learn.


- It was answered for those who have eyes to see it.

[shikamaru]

The events were the ones described if you can see what is in front of you, but thank you for justifying my whole posting.

Thank-you for providing a quintessential display of distraction.

[shikamaru]

- cite [saɪt]
vb (tr)
" 1. to quote or refer to "

- Again, the usufructuary. I do not known how many times i have posted about who is usufructuary for you, but if you have not figured it out by now that is on you.
I have shown, it is your responsibility to learn.


- It was answered for those who have eyes to see it.

You do know cite is also short for citation.

The time spent fetching this definition could have been used to fetch the statute you are referring to.... if it exists.

Again, what about title theory vs. lien theory states with respect to mortgages?

[dmk]

This is great information everyone, thank you.
Another source is from Ludwig von Mises institure also written by Murray Rothbard: What Has Government Done to our Money?.
Many books: http://mises.org/literature.aspx
http://mises.org/resources/617/What-...e-to-Our-Money

Again many thanks for sharing.

[sam charles]

More information....http://www.martinarmstrong.org/files...tion/index.htm