Results 1 to 8 of 8

Thread: Happy Gold Confiscation Day

  1. #1

  2. #2
    Thanks for the Article:




    I got into The Public Papers and Addresses of FDR for today too!
    Last edited by David Merrill; 06-15-13 at 12:48 AM.

  3. #3
    each dollar in a hoard ties up 15-20 dollars in credit

    very telling line of that newspaper article

  4. #4
    Thanks for posting that here.



  5. #5

    the note was not the dollar

    What constitutes money? how fractional reserves operate as probabilistic fraud (X promises to pay Y, but figures there is only a 10% chance that Y will actually take delivery).

    The language on the "notes" 100 years ago was an ordinary sentence, written in plain english...

    "the united states of america will pay to the bearer on demand X dollars"
    http://www.papermoneyauction.com/not...lexperakis.jpg

  6. #6
    the note was not the dollar

    use versus mention

    thing versus reference

  7. #7
    That sounds interesting but I do not have enough details... can you please elaborate?

    It sounds like you are making the same point made on this post.

  8. #8
    Quote Originally Posted by sam charles View Post
    What constitutes money?
    According to Black's Law Dictionary, money does not embrace notes.

    According to the Third Circuit Court of Appeals, Federal Reserve Notes are not money per se.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •