Comments on: Sound Money Falls on Deaf Paper Ears http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/ Covering the economy, global markets and world politics. Sun, 22 Nov 2009 06:01:02 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: RG http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/#comment-264 RG Sun, 08 Feb 2009 02:49:03 +0000 http://dailyreckoning.com/?p=11074#comment-264 Mugambo forgot to include the link to James Turk's article. http://news.goldseek.com/JamesTurk/1232989200.php Related is NH HCR 6 just introduced this January, "Affirming states rights to Jefersonian principles". The last paragraph reads like a threat of succession. Mugambo forgot to include the link to James Turk’s article.

http://news.goldseek.com/JamesTurk/1232989200.php

Related is NH HCR 6 just introduced this January, “Affirming states rights to Jefersonian principles”. The last paragraph reads like a threat of succession.

]]> By: Tel http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/#comment-214 Tel Fri, 06 Feb 2009 08:03:32 +0000 http://dailyreckoning.com/?p=11074#comment-214 You might note that since I owe considerable money on my house, inflation is my friend. While inflation is busy destroying your savings, I'm going deeper into debt to buy more gold. I could use that cash to pay back my loan, but why bother when inflation will very soon make my loan worthless too (and that suits me just fine). You might note that since I owe considerable money on my house, inflation is my friend.

While inflation is busy destroying your savings, I’m going deeper into debt to buy more gold. I could use that cash to pay back my loan, but why bother when inflation will very soon make my loan worthless too (and that suits me just fine).

]]> By: Dan Fitzgerald http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/#comment-188 Dan Fitzgerald Thu, 05 Feb 2009 21:50:27 +0000 http://dailyreckoning.com/?p=11074#comment-188 I recently signed up for a course at a state college; the course was cancelled, and the state sent me a refund check 6 weeks later. I called a lawyer friend - who is actually a libertarian & was very active in Dr. Paul's campaign - to make it a test case for Article 1, Sec. 10. No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts... His response? "I would be disbarred for even bringing that case". I recently signed up for a course at a state college; the course was cancelled, and the state sent me a refund check 6 weeks later. I called a lawyer friend – who is actually a libertarian & was very active in Dr. Paul’s campaign – to make it a test case for Article 1, Sec. 10.

No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts…

His response? “I would be disbarred for even bringing that case”.

]]> By: phauna.org » Blog Archive » today’s reading http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/#comment-162 phauna.org » Blog Archive » today’s reading Thu, 05 Feb 2009 02:59:34 +0000 http://dailyreckoning.com/?p=11074#comment-162 [...] finally, some Mogambo Guru to keep things lively: So, naturally, I yearn for “Restoring Sound Money in America” [...] [...] finally, some Mogambo Guru to keep things lively: So, naturally, I yearn for “Restoring Sound Money in America” [...]

]]> By: Commodities » Sound Money Falls on Deaf Paper Ears http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/#comment-149 Commodities » Sound Money Falls on Deaf Paper Ears Wed, 04 Feb 2009 21:01:47 +0000 http://dailyreckoning.com/?p=11074#comment-149 [...] Teach Talk Trade S&P Futures E-mini Day Trading & Technical Analysis wrote an interesting post today onHere’s a quick excerpt James Turk of GoldMoney.com has penned “Restoring Sound Money in America”, which makes me cry out in despair when one considers the fraud of the Federal Reserve’s constantly increasing amounts of fiat currency and credit, a corrupt and complicit Congress that condones it, a despicable Supreme Court which allows it all (by negating Article 1, Section 10 of the Constitution mandating that gold will be money), and the legions of people (Wall Street, Congress and the bankers) to whom a sound, non-i [...] [...] Teach Talk Trade S&P Futures E-mini Day Trading & Technical Analysis wrote an interesting post today onHere’s a quick excerpt James Turk of GoldMoney.com has penned “Restoring Sound Money in America”, which makes me cry out in despair when one considers the fraud of the Federal Reserve’s constantly increasing amounts of fiat currency and credit, a corrupt and complicit Congress that condones it, a despicable Supreme Court which allows it all (by negating Article 1, Section 10 of the Constitution mandating that gold will be money), and the legions of people (Wall Street, Congress and the bankers) to whom a sound, non-i [...]

]]> By: DrNybble http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/#comment-142 DrNybble Wed, 04 Feb 2009 17:10:55 +0000 http://dailyreckoning.com/?p=11074#comment-142 Why was Article 1, Section 10 of the Constitution quoted with regard to the Federal Reserve's ability to control credit when it (Section 10) is titled **Powers prohibited of States**? BTW, the Fed does not print money. The US Department of Treasury does. But I think what is more important is the fact that the Federal Reserve itself is outside the scope of the US Constitution and has no oversight or control by any governmental agency. Why was Article 1, Section 10 of the Constitution quoted with regard to the Federal Reserve’s ability to control credit when it (Section 10) is titled **Powers prohibited of States**? BTW, the Fed does not print money. The US Department of Treasury does.

But I think what is more important is the fact that the Federal Reserve itself is outside the scope of the US Constitution and has no oversight or control by any governmental agency.

]]> By: Ed Shalom http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/#comment-130 Ed Shalom Wed, 04 Feb 2009 04:37:37 +0000 http://dailyreckoning.com/?p=11074#comment-130 Most of your article makes sense, but this rant does not "Do you know that you are a moron for voting into office worthless socialist/communist/fascist trash like Nancy Pelosi, Barney Frank, and Harry Reid" ? First of all, let's try to recognize that the economic problems we are having right now are pretty hard to push onto Democrats alone. As I recall, we've had a fascist Republican president for 8 years, with a Republican Congress for 6 out of 8 years, and all we've heard about is the chickenhawk Bush croaking about Iraq, Iraq, Iraq - pretty hard to think about the economy in those circumstances. Come to think of it, the Bush war against phony WMD will consume about 3 trillion US dollars (borrowed funds), 3 X the Obama stimulus package (not to mention about 1,000,000 human beings burnt and blown to bits). Of course, Grandpa Bush started the family fortune by dealing with the Nazis during WWII, so it is clear the Bush family have some talent for business. Most of your article makes sense, but this rant does not “Do you know that you are a moron for voting into office worthless socialist/communist/fascist trash like Nancy Pelosi, Barney Frank, and Harry Reid” ?
First of all, let’s try to recognize that the economic problems we are having right now are pretty hard to push onto Democrats alone. As I recall, we’ve had a fascist Republican president for 8 years, with a Republican Congress for 6 out of 8 years, and all we’ve heard about is the chickenhawk Bush croaking about Iraq, Iraq, Iraq – pretty hard to think about the economy in those circumstances. Come to think of it, the Bush war against phony WMD will consume about 3 trillion US dollars (borrowed funds), 3 X the Obama stimulus package (not to mention about 1,000,000 human beings burnt and blown to bits). Of course, Grandpa Bush started the family fortune by dealing with the Nazis during WWII, so it is clear the Bush family have some talent for business.

]]> By: eric swan http://dailyreckoning.com/sound-money-falls-on-deaf-paper-ears/#comment-126 eric swan Wed, 04 Feb 2009 01:33:49 +0000 http://dailyreckoning.com/?p=11074#comment-126 A static currency discourages spending and growth, while an inflationary currency ECOURAGES SPENDING AND GROWTH. So a hyperinflationary currency should ecourage fantastic spending and growth! Therefore Mogambo is exactly wrong and the PTB are (you guessed it) RIGHT! So when an ounce of GOLD is worth a trillion DOLLARS, hey no contest, dump the gold for the immense amount of btu's in the dollars, tons of high quallity fuel for your house and paper burning steam powered car! Ha, this investing stuff is easy!!! A static currency discourages spending and growth, while an inflationary currency ECOURAGES SPENDING AND GROWTH. So a hyperinflationary currency should ecourage fantastic spending and growth! Therefore Mogambo is exactly wrong and the PTB are (you guessed it) RIGHT! So when an ounce of GOLD is worth a trillion DOLLARS, hey no contest, dump the gold for the immense amount of btu’s in the dollars, tons of high quallity fuel for your house and paper burning steam powered car! Ha, this investing stuff is easy!!!

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