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To: muir_redwoods

The constitution and rule of law put in front of you and you are still in denial. Funny how facts get in the way of your arguement that congress has nothing to do with the legal tender value of a 1 ounce gold coin made at the United States Mint.

Congress has everything to do with regulating the the value of real money. The federal reserve notes are just that, a note. A promise to give you something of value for one. They have no real set value. The notes are actual bank notes issued by the Federal Reserve Banks and issued by a for profit corporation that can print all they want.

Now read a bit more and sonny... get off the stage.


47 posted on 10/15/2012 2:59:29 AM PDT by pansgold
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To: pansgold

You think you can buy 1 oz. gold eagles fir fifty buck and you want the government to slap price controls on gasoline and you’re questioning my understanding? Listen, for perhaps the first time ever, congress can regulate the value of anything it wants but that has zero effect on the value of anything. The confederate congress set the value if it’s money at a time people were burning it for fuel. I understand you are not familiar with Gresham’s law or apparently any economic concepts but the willingness of the market to accept something is what sets the value of something. The fact that no one agreed with your original post tells us how the market values your ideas.


50 posted on 10/15/2012 3:13:11 AM PDT by muir_redwoods (Hopey changey low emission unicorns and a crap sandwich)
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