Made of platinum and worth $1 TRILLION each.

[Keith Alan]

Military imperium also is of sovereign prerogative.



If the Bolsheviks utterly despised the Christian Russian Monarchy to the utmost why did the Ruble remain? Now if they hated that monarchy utterly why did they keep such a glaring vestige such as the Ruble? Why didn't they change the name at least? Why didnt they call it the Folkmark or the Labor-Unit or the Redmark? They kept it Ruble (over 500 years old currency) and why? Perhaps because they simply took over the old sovereign prerogative and hid it behind a curtain? Perhaps needed that very same prerogative in order to function? Perhaps "overthrow" and "change" was a ruse with the real intent to take over and continue the very same only..with a few layers of indirection?

[ATTACH=CONFIG]1033[/ATTACH]





Perhaps its more like "so long as it doesn't resemble coins or currency" minted or printed by the US Govt. or the Federal Reserve. Perhaps the topic of 'social credit' might be of interest to you?

I'm always interested in different exchange systems.

[Keith Alan]

The $1 trillion platinum coin saga took a surprising turn as the Central Bank of Mars has expressed interest in buying 100 of the proposed coins.

Interpreters are puzzling over the meaning and subtexts of the Martian communique; since Martian is described as an often-ambiguous combination of Fortran and Hungarian, this is no easy task.

Opinion on the Martian offer is divided. Some suspect the Martian Central Bank intends to buy the $100 trillion in platinum coins with electronically created quatloos, i.e. worthless currency.

These observers believe the Martians intend to claim the $100 trillion in platinum coins constitutes a claim on the entire U.S.A., the purchase of which would effectively give the Martian Central Bank a massive beachhead on Earth.

Others believe the Martian Central Bank is simply playing an interplanetary practical joke, showing that any central bank that issues its own currency can magically create phantom money and assets. What better way to illustrate this than to buy $100 trillion in phantom assets with equally phantom quatloos?

A smaller cadre of analysts suspect the Martian Central Bank naively believes the fantasy that the arbitrary creation of assets, either via platinum coins or electronic entries in the Federal Reserve's balance sheet, creates actual value. Though this credulity borders on the fantastic, these analysts point to the many commentators in the U.S. who have bought into the platinum coin fantasy.

If Paul Krugman et al. have swallowed the fantasy that something of real value can be created from nothing, then why not the Martian Central Bank?

It will be a collectible coin. Might be worth hundreds of billions and billions. Why not borrow against it? That's why I think Geithner is going and Lew replaces him. Geithner is US Governor for IMF. If IMF puts up the money, there's a conflict of interest. In the event of a debt ceiling controversy, the Presidenst would be all set.

[allodial]

Keep in mind that the Platinum coins are "Silver" in appearance and in some regard could be construed to be "Silver coin" just like quarters, 50-cent pieces, dimes and nickels.

[Keith Alan]

Keep in mind that the Platinum coins are "Silver" in appearance and in some regard could be construed to be "Silver coin" just like quarters, 50-cent pieces, dimes and nickels.

Yes, that too. I think the deal goes through.

[shikamaru]

Sovereign prerogative... I like it, especially since every person in America has authority to issue currency, if they can get someone else to accept it, and so long as it can't be mistaken for US currency.

You are aware that there is a treatise on the subject of sovereign prerogatives?

[Keith Alan]

You are aware that there is a treatise on the subject of sovereign prerogatives?

Oh, no doubt, although I haven't read one. Still, I think I understand the concept well enough.

[Chex]

Getting a nation to endorse it as monopolistic fiat (and enforce the monopolistic recognition of it as such for the payment debt, both public and private, via codified law and corollary enforcement agencies).



Not only do they lose nothing, they actually gain any real assets that were pledged as collateral to securitize most of the loans that went 'bad' - Harvest.

I like this chart because you can visualize where the policies like Bretton Woods Agreement, Plaza Accord, Federal Reserve Act of 1913; closing of the gold standard in 1971 &c came in and how things changed.

Every time we endorse, write a check, use the credit card, we create more debt. http://www.usdebtclock.org/

That coin is not going to do anything. Ron Paul has been telling it for years what this gov needs to do.

[Keith Alan]

[ATTACH=CONFIG]1035[/ATTACH]

Getting a nation to endorse it as monopolistic fiat (and enforce the monopolistic recognition of it as such for the payment debt, both public and private, via codified law and corollary enforcement agencies).

[ATTACH=CONFIG]1036[/ATTACH]

Not only do they lose nothing, they actually gain any real assets that were pledged as collateral to securitize most of the loans that went 'bad' - Harvest.

I like this chart because you can visualize where the policies like Bretton Woods Agreement, Plaza Accord, Federal Reserve Act of 1913; closing of the gold standard in 1971 &c came in and how things changed.

Every time we endorse, write a check, use the credit card, we create more debt. http://www.usdebtclock.org/

That coin is not going to do anything. Ron Paul has been telling it for years what this gov needs to do.

It's a tool for the administration in the debt ceiling debate, nothing more. And if they make the coin and borrow against it, more debt will be created. But the political aims will be achieved.

I'm wondering what kind of deal could be struck that would cause IMF to lend against it. Certainly more tax revenues are in the works.

[allodial]

Au contrare, there is a value backing it.

***

The so-called "debt ceiling controversy" is all about the internal limit of the amount of money the Government of the United States can spend each year. Perhaps they keep raising the limit as part of a plan to make sure they don't ever turn a profit. As in: instead of kicking a profit back to the people, they raise the budget to absorb it. Isn't that a Communist thing to do? AFAIK, the current 'ceiling' is set at around $5M per government worker.

[Chex]

Because Roosevelt also agreed to bail out the banks. That was good news for consumers but bad news for currency control.

http://finance.yahoo.com/news/the-true-story-of-the-time-the-government-printed-a--100-000-bill-164202605.html?page=all

[shikamaru]

Oh, no doubt, although I haven't read one. Still, I think I understand the concept well enough.

A little Blackstone for light reading ....

I'll keep mining ....

[shikamaru]

More

A Treatise on the Law of the Prerogatives of the Crown: And the Relative Duties and Rights of the Subject (1820) by Joseph Chitty

There is one on the office of pope as well ....

[Chex]

There is one organization that is considered to be so sacred in Washington D.C. that he will not dare utter a single negative word against it. http://theeconomiccollapseblog.com/a...ederal-reserve

[Chex]

Humble nickel from 1913 likely to fetch millions

Maybe the government should give them face value and pay off the private credit they borrowed.



http://news.yahoo.com/humble-nickel-...084723325.html

[mikecz]

I have to understand this whole dollar pegged to gold issue...

FDR didn't unpeg the dollar to my knowledge, he just made it illegal for Americans to possess it, he then deflated the dollar and kept foreign trade in it preserved. Now, basically from this point until 1971 gold was pegged at $35 / ounce (troy). Nixon refused to continue printing of the United States Note, which was the only lawful paper money in circulation as opposed to the FRN. I've read over the executive order 11615, and not being unfortunately well versed in law, I'm just not seeing it in there. Basically gold was reset within the following months/years to 42.22 dollars / ounce (troy), and remained static ever since. They say he closed the gold window, I just would like to see the wording, basically how the gold window was closed. It should be in plain english in the codes somewhere, I'm just not seeing it.

I'm thinking he didn't unpeg lawful money from gold at 42.22 / ounce, he just made it illegal to redeem it. As a consequence, the note has lost value, because of this. That is why I'm getting on the bandwagon that there has to be a gold supply. Also, post 1971, I'm under the impression that the FRN and the United states note in essence was brought together in one bill. Our current bill has both the federal reserve seal and the treasurers seal on it. This made it nearly impossible to seperate the 2 bills in value. Since rampant inflation has occured, coin (the other lawfully circulated money) has became nearly meaningless, to the delight of the cabal. Either way, any insight would be appreciated.