Ron Paul's Subcommittee to Examine Parallel Currencies 8/2/12

[KingRobbStark]

Is it over?

 

[ClydeCoulter]

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TUBE?
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[Dantech]

http://www.youtube.com/watch?v=eUPbO7Te5OY

 

[Carson]

The one thing that really messes with using our old silver and gold coins, or tokens or medallions, is the capital gains taxes on false profits.

When they double the money supply and the amount of goods remains stagnate, the price of everything doubles. The way it is now if you cash out your old silver coins they expect us to pay capital gains on false profits. Sure your getting twice as many but it is twice as many of something worth half as much.

 

[ClydeCoulter]

The one thing that really messes with using our old silver and gold coins, or tokens or medallions, is the capital gains taxes on false profits.

When they double the money supply and the amount of goods remains stagnate, the price of everything doubles. The way it is now if you cash out your old silver coins they expect us to pay capital gains on false profits. Sure your getting twice as many but it is twice as many of something worth half as much.

Exactly, and that is what Ron wants to get rid of, Capital gains on "real money". The money changers always want their cut. That, essentially, is what "competing currencies" is really about.

 

[Carson]

I kind of jumped the gun when I went to wigging out in my previous post. A few seconds later Dr. Paul brought up the subject of capital gains.

All and all that seemed like a really good meeting of a bunch of loyal Americans that really get it. It kind of gives one hope that some sort of method of savings will be restored to us.

 

[ClydeCoulter]

I kind of jumped the gun when I went to wigging out in my previous post. A few seconds later Dr. Paul brought up the subject of capital gains.

All and all that seemed like a really good meeting of a bunch of loyal Americans that really get it. It kind of gives one hope that some sort of method of savings will be restored to us.

Ron is very good at finding ways to promote things in the language of the status quo. He takes common sense and finds how it can fit into their vitual world. I really like his dry sense of humor. They don't even know what he's doing

edit: But, we sense it, in a manner of speaking, because it makes sense even in their world. (which is starting to fall apart, because of people like you, by the way).

 

[Tiso0770]

I got one, have the states print there own coinage....uh, didn't they do that back in the 1800's?. States could again coin in gold and silver and use it for backup in case the Fed folds.

could that be doable?.

 

[Bastiat's The Law]

I got one, have the states print there own coinage....uh, didn't they do that back in the 1800's?. States could again coin in gold and silver and use it for backup in case the Fed folds.

could that be doable?.

That would be unconstitutional and a bad idea. The free market should determine this and would be a basket of commodities I imagine. The ultimate winner would be ATM cards that transact in gold or silver or a basket of commodities.

 

[Carson]

Oh yah! I remember one of the people on the panel mentioning Lakota currency. Here is a link if any of you guys want to check it out.

https://www.freelakotabank.com/currency.asp

Sounds pretty steep if I'm reading it right. Then again it does say, "We encourage you to negotiate the best exchange rate from your national currency to Lakota or any other reputably-minted .999 fine silver."

Oh well.

 

[Carson]

I got one, have the states print there own coinage....uh, didn't they do that back in the 1800's?. States could again coin in gold and silver and use it for backup in case the Fed folds.

could that be doable?.

Sounds like a great idea to me. I think some states are getting on just that. I think they mentioned some. ???