Topic: Real Legal Tender

[Libertas]

Better than bitcoin and any paper fiat!

http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=182807&sn=Detail

 

[benb61]

I definitely like the idea that gold or silver can not be taxed since it would be considered legal tender.

[Pandora]

Don't understand why any State would refuse to acknowledge through legislation, as some have per the article, that the metals are legal tender.

[Glock32]

I would like it even better if they were minting their own.

[Pandora]

I would like it even better if they were minting their own.

Illegal, yes?  Could they not just mint their own, put the name of the state and whatever nifty little doodads on there they like, along with the value (maybe per gold/silver content), and skate around the illegality?

[RickZ]

Only the Federal Government has the power under Constitutional authority to overprint money.

Goes back to the days before the Constitution, when each state issued its own currency.  That became a real drag on businss activity as who knew what one state's currency value was in regard to another state's currency?  By having one currency, it freed up business to prosper, and business is the business of America (thank you, Silent Cal).

[Glock32]

Of course, that was back when the Commerce Clause was used for its actual and legitimate purpose.

[Pandora]

Only the Federal Government has the power under Constitutional authority to overprint money.

Oh?  Right.  And we've pretty much decided 'round here that since they've made themselves an illegitimate government by violating the Constitution repeatedly, thereby breaking the contract, all bets are off.

Goes back to the days before the Constitution, when each state issued its own currency.  That became a real drag on businss activity as who knew what one state's currency value was in regard to another state's currency?  By having one currency, it freed up business to prosper, and business is the business of America (thank you, Silent Cal).

We're not talking currency, but actual money made out of precious metals, which would hold its value across state lines.

[Glock32]

Ultimately, money is anything that people have collectively decided is a legitimate proxy for your mental or physical labor. I would like to see an increase in bartering and use of private currencies. If so and so takes scrap pieces of 2x4s and scrawls numbers on them in a Sharpie pen, what business is it of the government's if I decide that's an acceptable form of payment for mowing his lawn? Hell, let them make a big show of trying to crack down on people for it. It just underscores that they are malignant and illegitimate.

Just wait until the music stops and the fiat currencies of the world can't find a chair. We've seen nothing yet.

[Libertas]

Ultimately, money is anything that people have collectively decided is a legitimate proxy for your mental or physical labor. I would like to see an increase in bartering and use of private currencies. If so and so takes scrap pieces of 2x4s and scrawls numbers on them in a Sharpie pen, what business is it of the government's if I decide that's an acceptable form of payment for mowing his lawn? Hell, let them make a big show of trying to crack down on people for it. It just underscores that they are malignant and illegitimate.

Just wait until the music stops and the fiat currencies of the world can't find a chair. We've seen nothing yet.

Bingo!

Make them treat us like moonshiners, send agents after us, they cannot possibly get us all, and they will pay a price, and once people see and hear of this oppression more will rally to our cause.  Let the barter economy come now, small forms of it already exist and there is no crackdown on it, so let it grow exponentially.  As long as people trade in things they deem valuable there isn't a damn thing they can legally do.  And as long as any privately minted precious metals go, as long as it does not say "legal tender" it can enter the private commerce circles like any other trade good!

[Libertas]

And. . .the crackdown has begun -

US Begins Regulating BitCoin

This is less about Bitcoin per se and more about the statists wanting to snuff any and all efforts for people to end-run fiat currency.

Bartering can and must continue to expand in popularity, no matter what the statists do to curtail it.  Like all central planners, the more they restrict something the more they increase the desire in the people they are trying to squeeze to wriggle free.