Be careful spending those old bills

[John_doe]

i do not think this is ethical, I am just playing devil's advocate here.


needless to say unethical things like this pass in courts every day.



I just want to see the logic behind a gold/silver enthusiast speaking out against gold/silver.

[theo]

legal tender is considered to be gold/silver. there is also a law on the books that says if you spend gold you will be arrested.

I think both these claims are incorrect.

if i am so wrong, go try to spend a gold coin and see what happens.

I believe that the currency is "legal tender" in the sense that if someone owes you money, you have to accept FRNs. You can't demand gold, silver or alcohol as payment.

Now if you offer someone gold or silver in return for goods or services and they accept, it is a legal (albeit a barter)transaction. I know of no law that makes it illegal to barter with gold and silver. . . .yet. But again if they demand FRNs you must pay them in FRNs because they are legal tender.

I haven't read the new Utah legal tender law so I'm not sure how it would apply here.

[AGgressive Metal]

I can trade gold anywhere I want to if the other person wants to accept it, so long as they complete their taxes appropriately.

Legal tender laws deal with existing debts. If someone wants to sell a car only for gold and doesn't want FRNs, they are free to do so, as long as they make this clear upfront before any debt is established.

[John_doe]

no booze or gold for payment? way to rain on my parade.......


what if i demand these forms of payment through a proxy. and refuse my services or goods through any other means of payment? let's say my goods or services are essential as well.

let's say I own a gas station, and refuse through means of one of my employees to refuse a debt backed currency. i don't want to inherit a debt, I want to inherit something with wealth stability.

i would like to see how you can answer this without market regulation.

[John_doe]

this guy would approve of the answer your about to give me. militant socialism is for the birds.

[John_doe]

you do not have to offer tangible goods in exchange for a debt. you have every right to refuse service. not to mention on a debt that will never be re-payed.


i'll take physical delivery thanks.

[John_doe]

federal reserve notes are counterfeit, and illegal.

[theo]

no booze or gold for payment? way to rain on my parade.......


what if i demand these forms of payment through a proxy. and refuse my services or goods through any other means of payment? let's say my goods or services are essential as well.

let's say I own a gas station, and refuse through means of one of my employees to refuse a debt backed currency. i don't want to inherit a debt, I want to inherit something with wealth stability.

i would like to see how you can answer this without market regulation.

I know of no law preventing you or any other business from demanding gold/silver as payment for your goods/services. Of course you would have very few customers at this point. Again, the legal tender laws require you to accept FRNs in payment of an existing DEBT.

[John_doe]

no booze or gold for payment? way to rain on my parade.......


what if i demand these forms of payment through a proxy. and refuse my services or goods through any other means of payment? let's say my goods or services are essential as well.

let's say I own a gas station, and refuse through means of one of my employees to refuse a debt backed currency. i don't want to inherit a debt, I want to inherit something with wealth stability.

i would like to see how you can answer this without market regulation.

I know of no law preventing you or any other business from demanding gold/silver as payment for your goods/services. Of course you would have very few customers at this point. Again the legal tender laws require you to accept FRNs in payment of a DEBT.

it's not in payment of a debt, it IS A DEBT. it is currency backed by nothing in exchange for physical goods.


there is not much difference between me walking in with a federal reserve note and "paying" for the goods and just sticking the goods in my pocket.

other than the fact that I can start a little fire and keep myself warm for .5 seconds.

[theo]

If you want to avoid using FRNs, that is your right. Just don't borrow or lend money. Unfortunately, you will also be shut out of 95% of all other commercial transactions (including employment opportunities) as most people don't hold PMs. It might not be fair, but it is reality.

[John_doe]

If you want to avoid using FRNs you have every right to. Just don't borrow or lend money. Unfortunately, you will also be shut out from 95% of all commercial transactions (including employment opportunities) as most people don't hold PMs. It might not be fair, but it is reality.

let's say I held commodities

ex. food, oil, natural gas, real estate etc. and I refused all forms of payment outside of gold or silver.

it's not fair, but it's reality. that is certainly a two way street.

[John_doe]

i guess it's not fair that this young man was arrested also.