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Nevada Coinage Bill

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  • Maniac
    The Nevada Coinage Bill is being discussed on many lists; just do a Google search. I have a bit of knowledge on the topic: OK, this is a rehash of something
    Message 1 of 1 , Apr 3, 2003
      The Nevada Coinage Bill is being discussed on many lists; just do a
      Google search. I have a bit of knowledge on the topic:

      OK, this is a rehash of something previously introduced to the Nevada
      legislature. As far as I can tell, it seems unchanged from the 1995
      attempt. Something similar has been introduced into the Idaho
      legislature also.

      Without writing a book, I assure you that some fundamental errors exist
      within the format of this proposal. These errors are around perceived
      value of the federal reserve note and perceived values of one commodity
      compared with other commodities.

      If you download and read this pdf document delivered to congress in
      March of this year (2003) found here: (101 pages; about 700 Kbyte)
      and scroll to page 58, you can discover this statement: "In June of
      2002, the Secret Service seized an operation in Colombia that was
      manufacturing a counterfeit U.S. dollar coin (the Sacagawea 'Golden
      Dollar'). The counterfeit coins appeared to be intended for export to
      Ecuador's dollarized economy, which had recently begun using the coins.
      The seized facility was the first clear example of the intent by
      Colombian counterfeiters to target a specific country in Central or
      South America."

      The point I am trying to make here is that whenever perceived values
      of one thing greatly exceed perceived value of another thing, a
      market will develop spontaneously to exploit the difference. Coinage
      stamping equipment and hydraulic equipment capable of being modified
      to handle coinage stamping is found all over the world. When silver
      bullion can be bought at one price and stamped into a perceived
      higher value, then, it will happen.

      The "Golden Dollar" mentioned above contains alloy layers on
      each side of the core of manganese brass, a golden-colored material
      composed of 77% copper, 12% zinc, 7% manganese, and 4% nickel.
      Taking account of the copper core, the overall composition of the new
      Golden Dollar is 88.5% copper, 6.0% zinc, 3.5 % manganese, and
      2.0% nickel.

      The entire subject of "value" is complex and also highly imaginary.

      The most basic unit of money is the warehouse certificate, where
      something in storage is described on a piece of paper. Present the piece
      of paper at the prescribed warehouse and collect the described item. The
      bearer certificate is a title instrument. Everything ever written about
      the time value of money is ass backwards because the responsibility of
      the bearer of the warehouse certificate to remit for storage cost and
      shelf life of the items in the warehouse has been systemically ignored
      in monetary theory. Silvio Gesell explained this error in 1920 and until
      Gesell is taken seriously, no improvement will occur.

      You can compare the federal reserve paper above on counterfeiting
      (especially overseas) with this paper that explains the counterfeit
      that is the federal reserve note:
      <http://www.gold-eagle.com/editorials_02/nystrom022602.html> Then,
      compare the M.A. Nystrom editorial with Dr Popp's writing on what
      constitutes "Bona-Fide" money:
      <http://www.micro-mania.net/maniac/Popp.pdf> 700 Kb (61 pages with
      a number of gif images and a jpeg of the cover on page 61) But Popp
      along with Reigel, had never heard of the Gesellian concept
      that the money bearer should be held responsible for shelf life and
      storage cost. Too bad neither Popp nor Reigel had met Arthur Dahlberg
      who was the head engineer on the Tennesee Valley authority and a
      contemporary in time. Dahlberg had learned and understood the concept.
      He wrote a couple of books on the topic, HOW TO SAVE FREE ENTERPRISE,
      and HOW TO REDUCE INTEREST RATES. These are still available from Hope
      Publishing House, 696 S Madison Ave, Pasadena California 91106.
      phone 800-326-2671 email hopepub(at)sbcglobal.net 19.95 plus 2.00
      shipping in the US for the first title and a bit less for the second.
      Say "Hi" to Faith Sand for me. ORDER THESE BOOKS IF YOU CAN

      >From Missoula Montana, Cal Schindel
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