"My touchstone for every question is the Constitution." Ted Cruz
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Posted on 10/29/2015 4:09:50 AM PDT by Servant of the Cross
That’s my guy - Ted Cruz for President!
"My touchstone for every question is the Constitution." Ted Cruz
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yep, Rubio’s immigration problems aside....he was very good last night, and he bested Trump on PACS.....
I don’t think you understand the concept of “fiat currency”. That’s currency that can be created in whatever amounts the government decides. Coins made of precious metals require you have those metals. If you don’t have those metals you cannot decree that more coins be made. The value is intrinsic in the material it is made out of, not the decision by the government to make them. Coins are minted simply to ensure that the content and purity is uniform.
Hi. I don’t remember anyone else calling them out as liars right in front of the news cameras. But maybe I missed it. I don’t see everything.
I agree! Maybe I’m a little sensitive about people stealing other people’s ideas, having worked in the publishing business for so long. It’s now a well-developed nerve end.
I noticed that. Cruz did use the others as examples. I must have been paying attention.
Cruz is so big on being the one who puts himself on the line, when others just talk. Perhaps Rand Paul did it first, when he actually stopped the Internet with his—wasn’t that his drone demand filibuster? And then I think Paul did it again, before that bimbo in Texas did it for abortion and then Cruz did it.
But I do appreciate Cruz’s courage. I think the media actually hate him more than they do Trump, because of his courage in being willing to fight the fight and take it as far as anyone possibly can. It’s a quality that both Trump and Cruz possess, Cruz from his seat in the Senate and Trump from his particular advantages.
I was just pointing out that Trump took media confrontation to a place I never thought it would go. I was shocked and thrilled the first time he did it. Just want my guy to have credit for that. Now it’s a bit easier, after he started it, and last-night’s hullabaloo was a result of it’s being the first time most people saw it done, because they don’t watch every Trump speech as I do.
Just want credit where credit is due.
I was thinking of Facebook this morning, where column after column appeared with Cruz being lauded as the first to confront the media directly. Not Free Republic, where I expect more familiarity with recent history and usually find it. Conservatism goes without saying here, and that wasn’t really the issue.
Then that would probably be Newt in 2011-12, if being the very first is where the credit is due.
Yes, you are right I think. Trump has been relentless in this particular cycle, however. And I do think award-winning debater Ted Cruz knew what he was doing in stealing Trump’s thunder at the exactly right moment to benefit from it.
I’m not just being a silly Trump bot. I am a fairness freak.
Can you show me a government in history that didn’t have fiat currency?
https://en.wikipedia.org/wiki/Fiat_money#Definition
Fiat money has been defined variously as:
Any money declared by a government to be legal tender.[5]
State-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.[6]
Intrinsically valueless money used as money because of government decree.[2]
While gold- or silver-backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of gold or silver, fiat money’s value is unrelated to the value of any physical quantity. A coin is fiat currency to the extent its face value, value defined in law, is greater than its market value as metal.[3]
You’ll note that gold and silver are valued in dollars (a fiat currency). All governments denominate currency and manipulate its value no matter what it is made of.
This might be interesting reading for you: https://en.wikipedia.org/wiki/Talent_(measurement)
The definition makes my point. The fact that a commodity is valued relative to fiat money doesn’t make that commodity fiat money. When people talk about fiat money in the context of this discussion they are referring to the ability of the government to create unlimited amounts of currency out of thin air with nothing of intrinsic value to back it up.
I’m glad we agree :) The original depositors made some interest and the bank got paid for service which increased the money amount “owned” by each.
Other than that, the gold just changed from one ledger to another for a bit of time. At no time was it sold from one party to another.
Define intrinsic value.
Except as the local economy grew and expanded it’s money stock, new gold would have to be periodically shipped in to maintain the same % currency/bank holdings. So eventually the physical gold backing would have to grow w/ the accounted totals.
Factoid: for centuries the total amount of gold that’s been mined and is in use doubles every 1/2 century.
Kind of like the definition of “worth,” wouldn’t you say? It’s in the eye of the beholder. “Value,” depends upon one’s viewpoint toward the product or service.
And anytime you have two different opinions, you have a “market.”
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