Keep Hit & Run in First Place!...
Nick Gillespie | December 9, 2005, 10:05am
in the best group blog category of The 2005 Weblog Awards.
We're currently in the top slot, about 650 votes ahead of Redstate and more than a 1,000 votes ahead of TPMCafe. Show the true power of a real alternative to played out right-wing/left-wing, conservative/liberal claptrap (or just show the true motivation of the readers of this blog) and help us stretch our margin all the way down to the bitter end.
The polls close December 15 and you can vote once every 24 hours. Please vote early and vote often.
To cast a ballot, go here.
stacey v | December 10, 2005, 3:31am | #
Inflation is a hidden tax on your savings.
The U.S. Constitution asserts that only gold and silver coin can be tendered as payment for debt.The United States Constitution, Article I, Section 10 states...
'No states shall...coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts. The U.S. Constitution only accepts gold and silver coin as money
Paper currency notes without backing of an equivalent gold or silver are not money..US. dollars are tokens to be used as long as someone else is willing to accept them as payment
Hans: The Constitutional standard for the U.S. money to be backed by gold or silver has been abandoned. Increasing the money supply without backing it up with gold or silver is stealing the purchasing power of those already holding the currency. As such, we can no longer say that the U.S. dollar is money. It is a paper currency. It is nothing more than a token. It is a token just as tokens are used at a video game arcade. The tokens are not money. The tokens are worthless pieces of base metal that are, by themselves, worth nothing. They only have worth as long as the arcade continues to accept them as payment for the video games. Likewise, the worthless paper currency that we call “dollars” is only worth something as long as people are accepting that currency as payment. If the public were to know that printing more paper dollars constantly dilutes the paper dollars that Joe Blow has in his pocket, there would be many upset Americans
Legal tender laws legally compel people into accepting worthless currency as payment.
As you see, the United States government borrows a limitless supply of fiat currency from the Federal Reserve Bank, the “Fed”, to operate and purchase everything it needs. The collateral for this loan is the future earnings of the American people
read more at http://www.assetprofile.com/money.htm
Inflation is a hidden tax on your savings.