12 usc 415

[David Merrill]

Of course my definition is my own but it serves me well. One term for SDR's is "paper gold".

[shikamaru]

Of course my definition is my own but it serves me well. One term for SDR's is "paper gold".

As George Gordon would say, "Paper gold is not gold" .

[David Merrill]

As George Gordon would say, "Paper gold is not gold" .

I think more clearly: Paper gold is human flesh as chattel.

That is a key part of the Libel of Review, the Law of the Flag.

It is a great asset to have an evidence repository in the "exclusive original cognizance" of the US government based on this identification with being created in the Image of God and not made in the image of man.


Regards,

David Merrill.

[Seosaidh]

It just occurred to me: Federal Reserve notes are redeemable in United States coin and other United States currency. I think technically, since they can be redeemed, FRN's are not fiat currency. Unless I'm misunderstanding what fiat means.

[David Merrill]

It just occurred to me: Federal Reserve notes are redeemable in United States coin and other United States currency. I think technically, since they can be redeemed, FRN's are not fiat currency. Unless I'm misunderstanding what fiat means.

I think that goes to US notes being fiat currency. As I understand that to mean bank notes - currency with no intrinsic value.

[shikamaru]

I think that goes to US notes being fiat currency. As I understand that to mean bank notes - currency with no intrinsic value.

But what does it mean to have "intrinsic value"?
What is value? How is it defined? What is its nature and criteria?

[David Merrill]

I meant metal.

[shikamaru]

I meant metal.

Aside from industrial and ornamental usage and its de facto universal acceptance, what value is gold or silver?
You can't eat it. It gets heavy after a few ounces.

The true value, I assert, of gold and silver specie is its de facto universal acceptance for commerce and exchange, not its "intrinsic value".

[Chex]

Aside from industrial and ornamental usage and its de facto universal acceptance, what value is gold or silver?
You can't eat it. It gets heavy after a few ounces.

The true value, I assert, of gold and silver specie is its de facto universal acceptance for commerce and exchange, not its "intrinsic value".

revision to the commercial law of investment http://www.moneynews.com/FinanceNews...1/15/id/464251

[David Merrill]

Aside from industrial and ornamental usage and its de facto universal acceptance, what value is gold or silver?
You can't eat it. It gets heavy after a few ounces.

The true value, I assert, of gold and silver specie is its de facto universal acceptance for commerce and exchange, not its "intrinsic value".

The simple facts are difficult to argue. I can eat small pieces of gold though. I just have never done it.

So I may be getting your point incorrect.

I have spent a little time and believe that fiat began in America post-Constitution in around 1815 - the War of 1812 Era it is called. So I still believe it is Emergency-based but have proposed for a while that it was 1861, that Emergency. I was trying to find somebody who could show me differently with that assertion and finally got some better information.

The American Numismatic Association - the exhibits are - Money of the Civil War and The History of Money.

[shikamaru]

Don't get me wrong ....
I'm a big fan of precious metals .

I'm just saying let's keep things in perspective. Gold and silver specie are tools. Tools to be utilized.

[David Merrill]

I am just saying that you tempt me; I might try eating some.

[stoneFree]

Here ya go: