What Is A "Dollar"?

Discussion in 'Politics' started by poncho, Jun 6, 2008.

  1. poncho

    poncho
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    An Historical Analysis Of The Fundamental Question In Monetary Policy
    [FONT=&quot]by [/FONT]Edwin Vieira, Jr.


    Foreword

    Today, all thinking, informed Americans know their country is in trouble. Many haven't a clue as to what went wrong with their government, while others can recite a litany of reasons for their country's distress. Of course, no one reason is paramount; but surely a debased, corrupt, and inflationary monetary system must be placed near the top of the list of causes of America's woes.

    What To Do About It?

    This Monograph presents, in irrefutable fashion, the legal and economic history of the "dollar,” and of the "dollar's" role in America's monetary system, as originally devised by the Founding Fathers. It also analyzes the Coinage Act of 1792, signed into law by President Washington, which put into effect the monetary system the Founders had previously outlined in the Constitution.

    This system helped make the United States "dollar" the safest, most sought-after currency in the world, leading to the well-known saying "sound as a dollar.” However, in 1913, Congress - in an unconstitutional act - relinquished its constitutional power and duty to "coin Money and regulate the Value thereof" to a private banking cartel, the Federal Reserve System.

    The ensuing years witnessed a gradual abandonment of the Founding Fathers' system (based on silver and gold coins) and the insidious substitution of a paper-currency system based on irredeemable, fiat Federal Reserve Notes, which continue to circulate today only because of the public's misplaced confidence.

    What to do about it? is the question.

    Full Article...
     
  2. Palatka51

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    The current banking system of the United States is set up to segway right into the international monetary system. The dollar is poised to bust. When that happens the Amero is ready to be it's substitute. Although passed off as a conspiracy theory, it is important to note that if we were still Constitutionally minting or own money these proposed mergers of free trade between nations would not be viable. As the dollar has to be devalued for "free" trade with Mexico and Canada. Free trade is nothing of the sort. The US economy will, and is suffering much loss in this notion of free trade. Also the fact that our money is to be an invisible wall of protection against economic invasion. The wall now protecting us from economic invasion is made of paper. Therefore if a nation like China (who, among others, is holding our national debt) should come calling for that note due to them, paper will not be sufficient to stop the dollar from plunging into negative values. Which it is not far from being a reality today.
     
    #2 Palatka51, Jun 6, 2008
    Last edited by a moderator: Jun 6, 2008
  3. ccrobinson

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    I've heard this sort of thing enough and I have a question about it. Assuming that it's true, and I'm not taking for granted that it is, why would China do this? Wouldn't there be some disastrous economic consequences for them as well?
     
  4. Palatka51

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    It is a good question that I have no answer for. They are not the only ones that hold onto US Treasury Bonds, thus offsetting our debt. Japan is by far the largest holder with China second.

    The health of the US dollar determines the health of these economies and when it goes, we can see from the above link, just how fast, it will drag down all the world's major economies.
     
  5. billwald

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    >Therefore if a nation like China (who is holding our national debt) should come calling for that note due to them

    They continually come due and are paid off. New issues are continually being issued by auction. If the Chinese stop buying it will force the interest on the bonds to rise.
     
  6. EdSutton

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    What is a "dollar"?

    Oh, I don't know, but with today's inflation and over 210+ years under the Constitution, maybe about 12 cents??

    Ed
     
  7. betterthanideserve

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    What a dollar is....

    A dollar is 416.00 grains of fine gold @ 900.00 fine or 374.40 grains of fine silver.

    :thumbs:
     

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