Saturday, May 30, 2015

Abjure MalCredit, Embrace Comity Credit

Pynchon noted it does not matter what the answer is if you can just get them to ask the wrong question.  All this talk of escaping to gold and silver because of mal-credit (asset-free-backed usury based credit) completely misses the point we only need a revival of asset-backed usury-free credit in commerce.  Ungh!  On the one hand, knowing this gives me a massive advantage in business, but on the other hand, like a fax machine, it becomes more valuable the more people who sign up.

On May 29, 2015, at 7:56 AM, R wrote:
It has been reported that Nothaus was convicted of counterfeiting because his gold coins had the word "dollar" stamped on them. But reading the law, it doesn't seem to me that this is even relevant:        "Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both." ~Title 18 of the United States Code, Pt. I, Ch. 25, Section 486, Uttering Coins of Gold, Silver, or Other MetalNote "or of original design." Doesn't that mean that any gold coins, even those of original design and not having dollar stamped on them are illegal? Whether or not "dollar" is stamped on them should be a moot point. I don't get it.

Nor does the word dollar appear in the statute, so the poor fellow was convicted for a crime not in the codes...

I now see all of this, gold and silver as money, as a subsidiary function for the free market, which works on asset-backed credit extension.  gold and silver shows up in archeology when it is "over" politically.  If the "end" is natural disaster they only find tallies.  if the end is political disintegration, they find caches of silver and gold.

Feel free to forward this by email to three of your friends.