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Executive Sadman

Bill Still/denninger

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To repeal the legal tender laws, to prohibit taxation on certain coins and

bullion, and to repeal superfluous sections related to coinage.

IN THE HOUSE OF REPRESENTATIVES

Mr. PAUL introduced the following bill; which was referred to the Committee

on

A BILL

To repeal the legal tender laws, to prohibit taxation on

certain coins and bullion, and to repeal superfluous sections

related to coinage.

1 Be it enacted by the Senate and House of Representa2

tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Free Competition in

5 Currency Act of 2009’’.

6 SEC. 2. REPEAL OF LEGAL TENDER LAWS.

7 (a) IN GENERAL.—Section 5103 of title 31, United

8 States Code, (relating to legal tender) is hereby repealed.

Edited by lowrentyieldmakessense(honest!)

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Oh and, house prices in US going to 1-2 times earnings, and the demise of the Euro, and UK screwed.

Denninger is a fool with all his trading screens in the background flickering around making his brain go mushy. He talks about backing a currency with wheat/corn, and then goes on the say that other folk "don't get it". HE doesn't get it! Can you imagine the shenanigans backing a currency with ANY commodity that expires in value, is subject to inclement weather, and is controlled by large multinational chemical corporations? Even Mrs Spin could see through this twit.

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Denninger is a fool with all his trading screens in the background flickering around making his brain go mushy. He talks about backing a currency with wheat/corn, and then goes on the say that other folk "don't get it". HE doesn't get it! Can you imagine the shenanigans backing a currency with ANY commodity that expires in value, is subject to inclement weather, and is controlled by large multinational chemical corporations? Even Mrs Spin could see through this twit.

+1

He deserves credit for saying it like it is (a f**ing mess), but that's about it!

And before RB comes on here waving his pom poms...Ron Paul was buying Gold at $35 an oz!!

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a free market in currency is needed

ron paul doesnt want a return to gold backed money

Yup, although he used to want to go with gold backing, IIRC.

IMO, free market money will happen on its own, especially if the governments are too gutless to make the required, large changes to the banking system.

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a free market in currency is needed

ron paul doesnt want a return to gold backed money

Everyone has the fiat money v hard money argument confused. There is, and only ever been one sort of money. That is the money that is backed by FORCE AND FEAR.

The dollar is the reserve currency because the issuers of those tokens can generate more force and fear than anyone other state. The dollar will remain the reserve currency until another state generates more FORCE AND FEAR than them.

This has always and always will be the case. The Gold Standard was the same system.

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think his point was more that he'd rather have the currency backed by soemthing the US govt could ensure wasn't in the hands of a productive community that despsied them.but hey,I shall leave you to your vitriol.

dont remember him saying he wanted a corn backed currency per se.

I understood the point he was making. As I have said before.... the backing of any currency is by FORCE AND FEAR. It doesn't matter if the backing is tally sticks, gold, oil, or whatever tickles your fancy. If the US government decides tomorrow that all fines, penalties, and taxes are to paid by tins of baked beans then tins of baked beans would become currency because you are FORCED by FEAR of the coincidences if you decide not to comply. The notion that we have a currency that baked by nothing is laughable.

In 1971 us went off the gold standard and adopted the current oil standard. The current standard is backed by FEAR AND FORCE, that is military bases in the middle east and occupations of the major oil producing countries.

Ron Paul, Denninger, et al. seem to miss this crucial point.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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