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Charges in coin case dropped
Liberty Dollar was rejected by utility
Intelligencer Journal
Mar 29, 2008 00:33 EST
Manheim
By BRIAN WALLACE, Staff

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"You have got to be joking. Sorry to break this to you but we left the gold standard a long long time ago. There is absolutely nothing backing our currency except our reputation for economic growth. If you added up all the gold in the world it would fit in a cube 20 yards by 20 yards. It would fit in my backyard.

And I'll ask what was asked here once before, Ever see any recent pictures of that "gold" in fort knox???"

First, see here, from Wikipedia:

"The United States Bullion Depository (at Fort Knox) holds about 5,037.5 tons (4,570 metric tonnes) of gold bullion (147.3 million ounces). It is second in the United States only to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds about 5,000 metric tons of gold in trust for many foreign nations, central banks and official international organizations."
You are correct, to a point... actually, not at all. We have a ton of gold in our federal money system (I don't know about all the gold in the world fitting in your back yard, either, unless you own a huge property... if you do, good for you).
Most (I mean probably 98%) of the money is backed off our reputation, and our economic situation (growth and world domination) over the last 50 years. However, there is still a large portion of currency based on the gold/silver standard, which will be necessary when China/Japan/Europe see we are in a huge recession, and they want to call our debts. I read somewhere, our national deficit is approx $440,000 per household in the United States. This means, if we were forced to pay all of our debts, we'd be one of the poorest countries in the WORLD.
You also have to remember-- one kilogram of gold, while very small, is worth a heck of a lot more than your George Washingto, friend. One kilgram (2.2 lbs) of gold was recently $30,000. That's one small 'bar'.
UDelawareBH
QUOTE(UDelawareBH @ Mar 29 2008, 08:44 AM)
The fact of the matter is, this guy is progressive and believes in testing our standards of comfortable living, and 'beliefs' that only 'value' can be issued by the government. I don't think he should face charges, but I do think he should try to move the case forward to the Supreme Court, and have this whole theory tested and have some minds put towards a potential for a parallel currency system.
Although I am not a Ron Paul supporter, I think he has something with the parallel currencies. ALL currency, even the stuff in your wallet, is backed by the US Gold and Silver. There's much more silver and gold in the world than just what we have at Fort Knox and other safeholds around the country. In fact, some (many) people collect/hoard gold and silver bars. I think the major problem with a parallel currency system is enforcement and regulation, thus why we have the Govt manage all apects of currency. The most difficult thing would be the people who want to use other denominations (the 15 cent piece, the 40 cent piece), and our cashiers are not able to figure that out, because they are 16 and have 4th grade math skills. Also how would you get change from cashier's, and know where the parallel currency can be redeemed at?
I'm not sure how it would work, but it's a very interesting idea. Seems like something from roman times, or something that will happen in thousands of years, when the world is a complete disaster and it's every man bartering from himself.
Lastly, unrelated, and this is hilarious and pathetic at the same time. Go to a store, but something for like $4.52, and give the cashier something like $10.60. If they don't have an iPhone or iPod, they cannot figure out the $6.08 change... shows how sheltered our kids are getting. Every year it takes me longer and longer to get my change from these kids...



"There's much more silver and gold in the world than just what we have at Fort Knox and other safeholds around the country".
Man where have you been for the last 15 -20 years. There hasn't been any gold at Fort Knox for at least that long.

I had a meeting there just this past summer with the Corps of Engineers and I wanted to go through the vault with a tour and see it. They thought I was goofy

and told me the gold that was there had been re-distributed mostly under the capital building but there were a few other places they could not mention.

Sure enough, when I went through the vault, there was no gold, no guards, nothing.

I did get to see where they made the movie "Goldfinger" though.
frankomav47
QUOTE(thoughts from the east @ Mar 29 2008, 08:56 AM)


It's not just the kids. I had to tell an older woman how to make change for me and that, yes, the Sacagawea coin I gave her was real! That might be the biggest reason that Schrom has been able to spend $80,000 in a year and a half. My guess is that most people have been accepting his gold colored coins, thinking they are the new dollars. Anyway, the fact that this individual has spent that much in the last year and a half says a lot to me. Either he's a rich SOB to begin with, which could very well be the case since I don't know him, or else his funny money is not much more than a counterfeiting scheme. RH is right -- the DA should charge him. Think about it!



spent 80k in a year? How do you rate a public defender? I realize there is probably more to this than appears on the surface, but it does make you wonder.

local yocal
QUOTE(local yocal @ Mar 29 2008, 08:34 PM)


spent 80k in a year? How do you rate a public defender? I realize there is probably more to this than appears on the surface, but it does make you wonder.



QUOTE(local yocal @ Mar 29 2008, 08:34 PM)


spent 80k in a year? How do you rate a public defender? I realize there is probably more to this than appears on the surface, but it does make you wonder.


I imagine it's tough to find an attorney who will accept his gold and copper coins. This man inspired me to use some of my gold foiled chocolate covered coins left over from Easter to pay for gas the other day. I didn't have much success but the attendant appreciated the snack.

Localguy37
Funny money

cyberscribbler
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