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mindmetoo
Joined: 02 Feb 2004
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 Posted: Mon Jan 28, 2008 3:54 pm Post subject: |
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| thepeel wrote: |
1) I would imagine going to Zellers and seeing a price for a good quoted in 3-4 currencies and being able to use those currencies at the till. Just like being able to use Visa, Mastercard etc. As we like to say, the market would sort out the details. |
With Visa etc. they merchant is still getting legal tender. It's just another way of getting legal tender. And let me suggest not many merchants are going to be keen to list 3 prices, keep track of prices on each items, and adjust prices if one currency changes in purchasing power. So, adoption by the marketplace beyond people at gun shows is going to be a huge problem.
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| 2) It is true. And a nickel is not worth 5cent of metal. |
I think the melt value of a nickel is still below the face value. The copper penny is another matter. However, mints can change the metal content at any time. Note what the BoK did with the shipwon coin.
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| I already have to pay transaction costs and storage costs with gold and I do not doubt that other costs would exist as well. |
And yet banks pay me to store my money.
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| The question is if those costs outweigh the loss in value from the other currencies. Right now, if you are holding gold, you are doing much better than those holding $, (unless the amount held is very slight) regardless of the transaction/storage costs. |
Who is just holding dollars? By that you mean, exactly, throwing it under your bed. I don't hold dollars. I hold parts of companies, mortgages, a whole range of things that my mutual funds invest in.
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| The reason that some economists and arm-chair economists think this is a good idea is not because it would be a perfect system, but because right now there is no meaningful check on the power of the central banks. Like I said above, I do not want Wal-Mart to have a monopoly on milk (and thereby be able to unilaterally set the prices) and I do not want one firm to have a monopoly on means of exchange and stores of value. |
Someone has to monopolize the job of president. We don't simply get to decided which president or PM we follow.
And there is no monopoly on means of exchange or stores of value. You can barter any time you please. You can buy gold or shares in MSFT any time you please. The government merely states you need to pay your taxes in dollars. And if you incur a debt and the person demanding payment for the debt didn't lay out terms ahead of time, he has to accept dollars and can't suddenly demand gold or your first born. The advantage there is the debt holder can't keep you in his thrall with an unreasonable terms. |
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blaseblasphemener
Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be
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| Posted: Mon Jan 28, 2008 4:28 pm Post subject: |
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anuary 28, 2008
When I started this campaign more than a year ago, I was a somewhat reluctant candidate. I knew our message of freedom, peace, and prosperity was the right one for our country, but frankly, I didn't know how many people today would have ears to hear it.
Well, did I learn a lesson! Millions of Americans understand what ails our country, and what is needed to fix it. So, with you at my side, I am in this effort to win. Not only by building the ideas of liberty, but by getting the nomination. Our opponents would call that nuts -- you know, the advocates of more inflation, more spending, more taxes, more war. But let me explain why they are, as usual, all wet.
For one thing, for the first time since 1952, we are headed towards a brokered convention. Instead of a coronation of one of the establishment candidates, the delegates, influenced by the people, will decide. And I am afraid that this will take place in a time of heightened economic crisis. That means even more Americans will be ready to hear our message. But it also means I am really going to need your help.
One would never know this from the mainstream media, but we've only had a few primaries and caucuses, and even after the extremely important date of February 5th, we will still have more than half to go. And the Republican nominee will not be decided by the popular vote among the "leading candidates" in a few states also handpicked by the media. The nominee will be decided by the delegates. So let me tell you a little about our "under-the-radar" strategy to get those delegates.
On "Super Tuesday," February 5th, there will be 22 primaries and caucuses. I have a hunch that we're going to do very well. But, of course, the media and the rest of the establishment refuse to recognize that. It's the attitude of the small child who covers his eyes to make something scary go away. But we are not going away.
While the media focus on the couple of states they claim are important, we're competing everywhere. And the reason that we're able to do that is because of your grassroots support. You all are an asset that no other campaign has: donors, and activists who want no special deals from the government, just the Constitution.
We're competing very strongly in all the caucus states, and in all other states where delegates are up for grabs. And we're going to keep picking up delegates. Our strategy's already working.
And we're committed to winning states. I have little doubt that if we can double our efforts in this coming week, we're going to grab many delegates from other candidates. Then we'll start getting ready for the biggest moment of all - the convention in September.
The path to the convention is twisty, however. When we were in Iowa, we got 10% of the vote. But no delegates were awarded that night. That's because voters didn't directly choose national convention delegates; they selected the county and state delegates who will make that decision. And if another candidate like Mike Huckabee is no longer in the race at the time of the state convention in June, his delegates are free to support whomever they want. If we work extra hard, we can convert them into delegates for our campaign!
A similar thing happened in Nevada. We won 14% of the straw poll vote that the media reported on, but what they didn't tell you was that we may have gotten up to a third of Nevada's delegates to their county conventions! I always laughed when I heard some people say Nevada didn't matter. Nevada chooses more delegates to the national convention than South Carolina.
So, while the media will focus on the results from Florida, and probably take down the campaign of my friend Rudy in the process, those results are less important to you and me. Let them fight in Florida while we bring our message to Americans in other areas, like the economically hard-hit state of Maine.
We want to win as many delegates to the Republican National Convention as possible, even if other campaigns don't see some areas of the country as "important. But in this work, I need your help. Help me get many, many delegates to this historic convention, by these three methods.
1. Donate. Your generous contributions are essential if we're going to keep going until September. We need, frankly $5 million by February 5 to run more TV and radio ads in the Super Tuesday states. Your help means everything: https://www.ronpaul2008.com/donate.
2. Canvass. You can help us identify those who support our message in your precinct. You can help us to convert others, too. After all, your neighbors pay attention to you. I am going to visit as much of the country as I can, but I need you as my partner in your area: https://voters.ronpaul2008.com.
3. ASK others to sign-up on our website. I meet so many people on the campaign trail who don't even receive my letters! I've told my campaign to make communication with you, the engine of all this, much better. But if people don't sign up for my e-mails, that won't happen. If you could just get one extra person to sign-up, that would be great. More would be tremendous.
Help me by forwarding this e-mail to every other Ron Paul supporter you know, and urging them to join our efforts! https://www.ronpaul2008.com/join.
We've come so far, but now the fun is really starting! I have a feeling the mainstream media will move from ignoring us to attacking us. But that will be a sign of our success. Join me as we continue this great movement into year two, and to a hot convention in Minneapolis-Saint Paul. We can do it!
Sincerely,
Ron |
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