when courts require a certain form of payment, does that effect public demand?

Currency

Currency (Photo credit: Velvet Android)

 

Re “who has the gold? Isn’t the Federal Reserve a big scam?”

 

(Note, apparently the Vatican claims to have what is estimated to be about 30% of all the gold ever mined so far, but besides that….)

 

"Private Issue Fractional Currency: Fifte...

“Private Issue Fractional Currency: Fifteen Cents, Boston, Oct. 4, 1862, issued by YOUNG’S HOTEL/15 in red on blank reverse. 97 x 57mm. ” –(catalog of Malter Galleries, “World Coins and Paper Currency Auction,” Monday, June 10th, 2002) (Photo credit: Wikipedia)

 

Silly people, who needs gold (to give a currency purchasing power) when you control hundreds of nuclear weapons? If you think to yourself “why do all of these people all over the world accept these ‘WORTHLESS’ paper currencies, including the folks at the gas station and the grocery store and the neighborhood kids who spends a few hours mowing your lawn for a few little pieces of paper,” then you may be a dumb-a$$.

 

If you can hire a whore with those pieces of paper, they are not worthless (if you value the services of a whore). If you can hire a lobbyist with those currencies to influence politicians, that may have value. If you can bribe a President with them, that may have value to you. If you can create a newspaper or a TV station or a school with those currencies, you can influence the public and that may have value for you. Maybe you could even deceive the masses in to thinking that tulip bulbs were worth their weight in… nuclear weapons.

 

Dutch Tulip Bulb Market Bubble 1630's

Dutch Tulip Bulb Market Bubble 1630’s (Photo credit: Gaynoir_)

 

This image was selected as a picture of the we...

This image was selected as a picture of the week on the Malay Wikipedia for the 44th week, 2009. (Photo credit: Wikipedia)

 

English: Bank of Scotland HQ, Edinburgh Lookin...

English: Bank of Scotland HQ, Edinburgh Looking down Bank Street to the Headquarters of the Bank of Scotland, on The Mound. It was the first bank in Europe to successfully issue paper currency redeemable for cash on demand. The bank has a museum of its former currency. (Photo credit: Wikipedia)

 
The military force of the court system and the armies and weapons behind the court systems are why currencies are in demand- including the most popular “bubble currency” for thousands of years: gold coins. Paper currency and gold coins are in public demand to the extent that those items are practically useful (plus gold is in a huge speculative bubble, with immense momentum based on irrational presumptions that sentimental worshipers simply discard in favor of worshiping their sacred golden calf).

 

 

 

US gold certificate (1922)

US gold certificate (1922) (Photo credit: Wikipedia)

 

If all court systems disappeared tomorrow, would paper currencies lose purchasing power? Yep! The hysteria over gold is much bigger than the hysteria over paper currency, though, so if court systems disappeared tomorrow, gold might be a great speculative investment- for a week or a year- but eventually, it just isn’t very USEFUL to have a few tons of metal
sitting around.

 

Why do treasuries store tons of it rather than use it? Because there is no particular utility to gold to use it for some practical purpose!

 

English: “Wirtland Crane” is considered to be ...

English: “Wirtland Crane” is considered to be the world’s first gold coin to be produced by an internet-based (virtual) country. (Photo credit: Wikipedia)

 
But if court systems DICTATED to the public (as they have done before) that the only accepted form of payment was gold, then what would happen to demand for gold? Or, if court systems of organized coercion dictated that the only accepted form of payment was platinum, what would happen to demand for platinum? Or if diamonds was declared the only accepted form of
payment, what would happen? If coal was declared the only accepted form of payment, what would happen? If tulip bulbs were declared to be the only accepted form of payment (by operations of organized extortion), would that effect demand for tulip bulbs?

 

 

 

If the leaders of Libya or Iraq or Afghanistan want to use gold instead of a paper currency, then obviously they must be invaded. Why Obviously? Well, review the history if you are curious.

 

Gold coin of Richard III, 1377-99

Gold coin of Richard III, 1377-99 (Photo credit: Birmingham Museum and Art Gallery)

 

 

 

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