competing currency being accepted across mid-michigan part2

from connectingmidmichigan.com: New types of money are popping up across Mid-Michigan and supporters say, it's not counterfeit, but rather a competing currency.

Category:

News & Politics

Tags:

• banksters
• money
• econocrash
• mediamonarchy
• competing
• currency
• michigan
• community
• coinage
• act

[JPMorganSuckBalls]

4 gallons for a quarter?

how about a gallon of gas for a dime?

[maxmann521]

I thought it was illegal 2 buy stuff w/ silver?? Im confused.

[spiff2003]

@CosmosPrivateer That is why the paper needs to be backed by gold and silver the paper can account for the gold and silver instead of actually trying to divide all the real metal around but the banks are to greedy and will not exchange the papers for the actual metals which is why we need to end the fed and the banks fuck them we don't need them. We also need to not add face value on coinage instead add only the weight and purity of the coin and the value will act accordingly with weight..

[SpiritSphere12]

Gold, Silver and Copper will be the big 3 metals used as money during hyperinflation.

[SurvivalWithBushcraf]

@CosmosPrivateer I carry silver everywhere I go. I advertise that I accept silver for payment of my buisness as well. I know that a 90% silver coin does show where. But a dollar depriciates even faster through inflation. Silver and metals are commodities. People uses and demand them. They have real instrinsic value. The always have. Ever fiat currency in the history of the world has crahed. My bet is on silver in the future as it becomes more scarce.

[PeaknikMicki]

@CosmosPrivateer sure we do. What ever the total amount of money is is divided with the amount of metal. The more paper money the larger the amount an ounce of say gold or silver would have. If US M1 (Monetary Base) is used then price of gold would be somewhaere north of $15000/oz. If you however back say 25% with gold, 25% with silver and 50% with something else, you get a lower amount.. But the $ amount for the metal must be high enough to discourage hoarding of metal.

[PeaknikMicki]

@09NXN06 didn't he say 96%? Anyway the real number is more like 98-99%

[09NXN06]

Hmmm that guy said "since 1913 the dollar lost 93% of its value".

[CosmosPrivateer]

@SurvivalWithBushcraf

Do we carry it around and trade it in raw form or back it with paper again? If we carry it over time the metal will wear off the coin making it less valuable.

To be honest with you our entire economic system will not work in the future when we have no way to earn these metals. Technology will take our jobs, it is now.

[SurvivalWithBushcraf]

@CosmosPrivateer Sure it could... Supply and demand. Silver and gold will grow in value and merchandise would cost less in the metals weight. Instead of 1 oz of silver buying 4 gallons of gas it's new value may buy say 40 gallons. Lets not hold back on platnium, palladium, rhodium, copper, nickle, and so forth. it could work but then banks could not control everything...