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Special Relativity

Gold and Silver Coinage - Honest Money part 1

Metal coinage was chosen as a means of exchange because of several intrinsic properties of the aforementioned. What these properties are and how these make them superior to paper or number currencies is the subject of this piece.

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A money is a symbol of the amount of work that is invested whether through physical or mental exertion into the manufacture of a product or the performance of a service. As such, the money itself must necessarily be grown in a field, mined from the earth, or devised through the good and honest mind and effort of men or women. It can not, however, be an absurd irrational contrivance by which one individual gains an illegitimate control over others, their work product, and their minds and entire life. For example, imagine if I were to claim that the letter H with associated numbers printed on paper H bills is the money of the USA. Additionally, I bought some politicians so that you all had to ask me for your H's with a ten percent interest charge from each of you for my generosity in lending you H's. Would you be happy with this arrangement? If you would be happy with this then do not read any further because this article is not meant for you. So what would be a good money and what are its important characteristics?

Since the beginning of time, it was apparent that of all the commodities present within the marketplace some prevailed over others in their value based upon weight and measure. Gold and silver are the two means of exchange which by weight and measure supplanted all others because of several characteristics which are to be enumerated in response to these questions:

1- Why are gold and silver advocates so obsessed with gold and silver coinage, they're just metals so what makes them better?

2- Why must we have coinage of fixed standard weight and measure as described in the United States Constitution and in other historical documents?

3- Why not use paper currency or numbers as does the modern world?

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Let us now deal with each one of these questions posed above in a simple fashion:

1- Why are gold and silver advocates so obsessed with gold and silver coinage, they're just metals so what makes them better?

There are many reasons why gold and silver coins are the most perfect moneys that the marketplace has ever produced. Amongst these are scarcity and desirability, divisibility and portability, and imperishability.

Scarcity and Desirability: Gold and silver are rare on the surface of the earth, they therefore retain their value. Since it is scarce, it is not easy to obtain gold or silver without mining and all of its associated fields. This entails many different endeavors from surveying, engineering, blasting, pre-processing and finally purifying or refining of the final pure .9999 gold and silver into bars and later the minting of coins. All of this work takes time and effort on the part of many to obtain only a small amount of material which relative to the exertion is representative of the value of these metals. And since gold and silver are wanted in the marketplace for jewelry, electronics and many industrial uses, they have high demand characteristics. Thus, it can be said that because of its desirability in the marketplace and rarity, the laws of supply and demand dictates a high value for these metals. It is precisely this high value which our governmental leaders do not want for the middle or lower classes; because then they have high purchasing power with which to start their enterprises and find the individual economic freedom by which they might engage in the 'pursuit of happiness' as guaranteed by the Declaration of Independence.

Divisibility and Portability: Metals are easily divisible into recognizable pieces which serve to facilitate the innumerable demands of the marketplace for transactions of all sizes. The individual consumer would not want to spend a one ounce gold coin on a cup of coffee but a one tenth ounce of silver might do well for such a transaction based upon his assessment of the value of the purchase. Additionally, because the metals gold and silver are easily portable this characteristic facilitates trade from one location to another. Try using cubic yards of dirt as a medium of exchange and because of the low value of this dirt you would need quite a lot to get a full course meal. And can you imagine carrying all that dirt around in your vehicle? Needless to say you would need to routinely clean your auto. In light of the foregoing, it is easy to see that coins are much easier to move from place to place in pursuit of goods and services.

Imperishability: Gold and silver coinage is imperishable. They are immune from the decay caused by time which affects most other products like foods, woods, textiles, leathers and other products. Also, whilst silver suffers from contact with the air commonly called tarnishing, it too is imperishable.

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2- Why must we have coinage of fixed standard weight and measure as described in the United States Constitution and in other historical documents?

The necessity of a fixed standard weight and measure for the coin of the realm is for the simple reason of facilitating an honest transaction. An individual consumer and producer must be able to gauge the relative value of a particular product versus his savings and future earnings. If he or she is purchasing anything from a gallon of milk or liter of a soft drink it is necessary to know the measure of the purchase versus the tradeoff with the unit of exchange; i.e., the gold or silver coinage which he or she will surrender for the utility of the gallon of milk or liter of soft drink. Thus, the individual makes a purchase today based upon what he or she has today and what is available for tomorrow and for the larger anticipated purchases of home and hearth.

If you do not believe that a weight and measure are necessary for money, then consider the following example. What would it be like to enter a store and ask for a gallon of milk and receive only a cupful? Would you not be surprised at this reduction in capacity? How about if you asked for a ten liters of gasoline (petrol, diesel) and were shocked when they gave you a thimbleful? And on asking for two pounds of sharp cheddar cheese received only a thin slice that even a mouse would find unsatisfying. Would these lacks of weights and measures not upset you? That is why it was written into American Constitutional Law that states:

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Article 1 Section 8, USA Constitution:

"To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures"

So that each coin would possess a fix (ed) standard of weight and measure (s). Thus, both the purchasing power and recognizability of each unit would be maintained since the coins would be at a standard which was easily recognizable to the purchaser in the marketplace. Only a swindler or counterfeiter wants variable or non-existent weights and measures so as to dominate and crush others with their confusing and deceptive practices in pursuit of illegal profit.

Finally, it is important to realize that most gold and silver mining is in the so-called third world. Our current Mexican immigration problem is directly related to the intrinsic falsehood of the financial systems imposed on the peoples of the world by a cabal of counterfeiters. Mexico (the number one producer of silver on the planet) and its people would be better served if they were to use this metal as coinage rather than the absurd numbers system currently forced upon the poor. Similarly, South Africa and other countries would have a different economic pull on the global market if gold and silver coinage were to be used again. But certain people HATE to pay people honest, high value money because the implication of such payment is the very same freedom and liberty which these pompous idiots routinely berate the masses with. You need Freedom, You need Liberty, You need Democracy, You need To Vote, but YOU CAN ONLY USE OUR NUMBERS SUCKERS! HA HA HA!

How we got into this terrible situation are too long for this piece but will be covered in another article in the near future.

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3- Why not use paper currency or numbers as does the modern world?

For the simple reason that if one person or groups of persons can create these currency units and others have the same manufacturing ability, then all persons or groups of persons who are able to manufacture these items may manufacture them since they are free economic agents. Since anyone can type electronic numbers and add a currency symbol ($, £, ¥, €) or print paper slips with numbers on them with an associated currency symbol ($, £, ¥, €) then anyone who has similar productive capability can do likewise. Do you have a keyboard in front of you with a dollar symbol and numbers? How about the pound (£), yen (¥) or euro (€)? Are they available in your currency symbols library? Just add some number with one of these appended and you have just made some money! Of course the only way that this works is that we are FORCED to use the NUMBERS from certain special individuals who are fulfilling the communist manifesto of control of credit in a bank controlling the 'numbers' capital. We are to be numbered like cattle mark my words.

Compare this with gold and silver mining where only someone who owns the mine can have the metals extracted refined and finally coined. No one is forced to use some arbitrarily contrived 'numbers,' papers, or even the H's described above. The simple reality of the respecting of property rights prevents anyone from mining the gold since someone has earned through production or purchase the ownership of the mine. Finally, metals are real money that require work in the process of extraction, thus, they are an expression of the physical and mental exertion directly applied in their recovery and utilization. Without their usage in a capitalist system no real economic freedom can exist. The political sophistry and gaseous subterfuge employed by the media and political creatures of this age only satisfy their vain egos in believing that they somehow provide a utility in the marketplace. Their cries of saving the economy, helping the poor and all of the other vacuous justifications are really demands to enslave the world by the numbers and is a never ending rant to justify the unjustifiable: that the communist electronic credit numbers or communist numbered papers are money.

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