Objectives
- Start the process of monetary independence against the dollar.
- Prepare the impending economic meltdown US
- Put in the hands of people a solid and indevaluable currency.
Mexico does not have its own currency
- Weight is a derivative of the dollar.
- Worth weight based on the dollar amount not enough reservas.Si
- dollars in reserve, the weight value plummets.
The lack of a currency itself requires us to:
- Export to obtain dollars.
- Into debt to obtain dollars.
- Depend on the income of dollars.
- Sell the country, in exchange for papers.
With an ounce of silver "Libertad", the population:
- Would preserve the purchasing power of their savings.
- Would have an immune currency crisis or errors.
- Would have greater confidence in the future.
- Feel a renewed national pride.
How to start the process of introducing silver coin?
- Gradually.
- In parallel with the current trustee weight.
- No cause economic dislocations.
Why the "Libertad", and not "weight silver"?
- Historically, it has not worked. Examples:
- The weight of silver from the 50's.
- The "silver Morelos" of $ 100 pesos JLP.
- Coins with Silver presidency of CSG.
Why the "weight silver" does not work?
- Because engraved with a nominal value.
- When the price of silver increases or no devaluation, the silver content exceeds the face value of the coin. Then:
- Negative incurred wedged señoraje and stops.
- It melts, as people prefer to take their metal content.
- Stops flowing; only preserves numismatic interest.
Benefits of currency without par value
- This currency rises in value as the price of silver or devaluations.
- Therefore: His señoraje is always positive.
- Remains indefinitely in circulation, without melting.
The coin he intends to use already exists:
- Is Ounce Silver Libertad, no par value, minted by the Mint of Mexico.
- Contains one troy ounce of pure silver.
- It is legal tender, according to Art. 2 Bis of the current monetary law.
Currently, why ounce Freedom is not used as currency in everyday use and is not widely used as a means of saving?
- The population does not know what is legal tender.
- There is general and compulsory value.
- Your quote changes daily, even lower.
- Discount charged on repurchase.
The proposal of the Association:
- To recognize the silver ounce "Libertad" character of legal tender and integrated to all circulating coins.
- That their releasing power equals its "formal equivalence in pesos".
- That this "equivalence weights" is determined by the Banco de Mexico and adjusted periodically according to the increase in the international price of fine metal content of the coin.
- The value of equivalence is integrated, taking into account: 1) The international price of an ounce of silver, plus: 2) the cost of minting, plus: 3) an additional ten percent seigniorage.
- So once the latter method, the following can not be reduced.
- That equivalence is I rounded to multiples of five dollars.
- An ounce is placed and received the same value of formal equivalence.
- These provisions govern exclusively for Freedom silver coin denomination of an ounce, and not for other similar coins.
These provisions would allow:
- At the macroeconomic level, laying the foundations for progressive monetary independence.
- Using an ounce in trade, for having an equivalence defined and known weights.
- Your hoarding for saving purposes, a perfectly determinable equity in pesos by the holder at any time.
- His stay in circulation, thanks to its float.
- A seigniorage always positive in favor of the Bank of Mexico.
Other important benefits
- Giving people encouraging news.
- Having a national project to promote political unity.
- Encourage people's confidence in their institutions.
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