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Michigan Says Enough To Fed: Takes Matters Into Own Hands As It Starts Using Own Currency...And Gold
Either in anticipation of QE2 which will cut the value of the dollar by another 50% once another $2 trillion in toxic crap becomes the "assets" backing the viability of the dollar, or just because they are sick of Fed policies, mid-Michigan has taken monetary matters into their own hands, and in one simple act, completely bypassed the destabilizing influence of the domestic currency printers. As ConnectMidMichigan reports, "New types of money are popping up across Mid-Michigan and supporters say, it's not counterfeit, but rather a competing currency. Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender." The plan is so simple, it just may work - after all if one can't get away from the Fed's probing and pickpocketing long fingers, all one has to do is learn to live without its parasitic pieces of paper. And not just paper: "I sell three or four every single day and then I get one or two back a week," said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township. Gillie also accepts silver, gold, copper and other precious metals to pay for food." So yes, you can eat gold.... and load up your gas tank with it.
More from CMM:
"Do people have to accept dollars or money? No, they don't," Gillie said. "They can accept anything they want or they can refuse to accept anything."
He's absolutely right.
The U.S. Treasury Department says the Coinage Act of 1965 says "private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise."
That allows gas stations to say they don't accept 50- or $100 bills after a certain time of day in hopes of not getting robbed.
A chiropractic office in Lapeer County's Deerfield Township allows creativity when it comes to payment.
"This establishment accepts any form of silver, gold, chicken, apple pie, if someone works it out with me," said Jeff Kotchounian of Deerfield Chiropractic. "I've taken many things."
Jeff Kotchounian says he's used this Ron Paul half troy ounce of silver to get $25 worth of gas from a local station.
While the government and banks don't accept them, many others do.
So why is there interest in these competing currencies?
Is it just novelty or is there something deeper?
If the ruling kleptocrats, pardon, the Fed, demand on being such an intimate part of everyday life, and procuring all of the population's real wealth and cash producing assets in the process, said population has a choice of either going with this sheepish approach, and meekly allowing the loaded gun to be parked at its temple, or do what Michigan, with its 99.9% real unemployment, has decided to do.
h/t John
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That's a mouthful. Care to elaborate?
"all one has to do is learn to live without its parasitic pieces of paper."
Just historical perspective, the Germans called it "jew confetti"
You used a 3 letter word. Thats why you got junked. That is some funny shit how the zionist are so easily offended.
"Addison felt that Germany was 'marching with giant strides towards something very unpleasant' — yet people were still arguing about the responsibility of the industrialists for the nation's woes, or about the form which self-help should take. He had met Germans who appeared genuinely to believe that because conditions had been getting worse for four years they could go on getting worse for ever.
But obviously something goes on only until the moment when it cannot, and that comes suddenly. Nobody thought the war was near an end in March 1918. Nobody in France anticipated the French Revolution because the shop of Reveillon Freres was sacked by the Paris mob.
You should see the long queues of people standing for hours on end in front of the Berlin provision shops. The housewife cannot clean her home or look after her children if she has to stand from 8 a.m. to 1 p.m. for a piece of sausage which in the end she does not get. The patience of the people is marvellous, but a German crowd when angry is ugly.
He had personally been to take a look at the situation first-hand in Bavaria where food was short in the towns but plentiful in the country. However, he was unable to buy an egg from a farm with paper marks, having been told by a peasant 'Wir wollen keine Judenfetzen von Berlin' ('We don't want any Jew-confetti from Berlin' — the popular description for Reichsbanknotes). Bavaria was pining for the good old Thaler, given up in 1870 — the coin from which the dollar itself derived its name."
When Money Dies: The Nightmare of the Weimar Collapse
http://blog.mises.org/12797/adam-ferguson-when-money-dies/
many thanks for the linkage WWings. . . looks like my full moon weekend will include some re-search!
My pleasure! The PDF was taken down on the Mises site and I was surprised to find a recent link to it elsewhere - $800 buy the hardcopy on Amazon!
ditto on that source! tnx.
revisionism runs rampant these days. save and print for your grandkids...
http://ferfal.blogspot.com/ back at you. more contemporary.
Ah, wonderful. Love me some Fer. My view is that due to infrastructure collapse and limited food supply we won't be anything like Argentina - but his view of the aftermath is a psychological primer for what to expect in whatever society consolidates in your area - I imagine that "might is right" will be one of the primary forms of gov't.
For instance standing in line for food supplies (if they ever come to exist) will get you robbed or worse on the way home. Trading gold in black markets will make you a target from that point on (trustworthy, out of public view transactions are the way to go). And of course the self-defense mentality; awareness of who might be observing you - blending into crowds to avoid it.
once again, highlighting the importance of building a trusted community - and trust is not something given lightly by those who value it. . .
"standing in line for food supplies" will expose people to those who seek prey, much like standing at an ATM is like a flashing beacon to the thief. . .
best to be working towards self-reliance within extended community - the goal being "invisibility" to the thuggery (gov't or gang, tho' both are pretty much the same pattern). . .
+++ on trust.
don't forget digital invisibility - not as in non-participation, but ... blending ... brown-bag in the herd - similar model.
A community in which those that initiate force against others or defraud are delt with harshly, on an immediate basis.
My only issue with using silver Ron Paul coins is what happens when the gas station owner needs to pay the gas distributor for his next shipment....something tells me Big Oil is not in the business of getting paid in silver and gold...the only way I see a gas station accepting silver as payment is if he has a well and refinery in the backyard producing his own oil
Or he has a silver/gold/coin dealer nearby that is more than happy to exchange for paper.
but a coin dealer can only buy for market price...which is probably in the 14-15 dollar range...on paper it looks like a HUGE loss
Numismatic coins go for higher. That is the case here. $25 is reasonable, even if it isn't fully backed by silver content at current prices. If nothing else, that is what they are selling for on Ebay.
Sell them on ebay.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=220626338422&rvr_id=&...
I'm a Gas Station owner.
I accepted 20 oz of silver for $400 worth of gas. silver @ $20 per oz.
My gasoline bill comes due, I must pay the supplier $400.
I can either sell my silver to pay my bill, or keep the silver.
6 months to 12 months from now spot silver @ $21-23($420) vs. 6 months to 12 months $400 USD @ ~$388, assuming low ball 3% inflation.
In other words $420 or $388? Granted on a larger scale this would be highly profitable means of non-taxable income. Perhaps you are no longer bewildered by barter and alternate means of payment.
Your point is correct. It is easier for technical labor as opposed to merchants.
Auto Mechanic: Fed cash for parts... silver for labor.
AC Repair Guy: Fed cash for parts... silver for labor.
Farmer's Market Guy: Silver for produce... some cash for gas and hard commodities.
It would be even more profitable if you weren't selling your gas at cost. :)
Well we know who is going to be on the 'Thorough IRS Audit' list next year.
http://globaleconomicanalysis.blogspot.com/2010/07/ron-paul-silver-ounces-accepted-at.html
Never mind... resistance is futile
Give me liberty or give me death... for life without liberty is no life at all.
or give me 1/4 oz silver for 2 falafels
Too bad about 50% of Americans would disagree with you, and say 'pass the govt cheese.'
"Sorry, we're all out".
In South America, certain countries' provinces started printing their own money, other than the central governments paper. It will happen here too.
All the states need to start a progress of secession from the Union. Get their hands out of your pockets. Each state needs to break away and form their own currency, rules of law, etc... The current administration from Obama to the last member of Congress are an embarrassment to the country.
And you would be a fool to hold paper currency from any of those states for any length of time! No savings == no freedom.
I am afraid, that you are looking into the future
You're stealing my thunder.
Lead will be a great barter item too!
I was unaware that saying:
"Gimme, or else!"
while pointing the business end of a Glock at someone was a form of barter?
No the lead will be for protection from masses of zombies. When you forcibly take something it is hardly barter! please use your haid for something other than a hat rack sir/madam.........
I'm giving the benefit of a doubt that he wasn't being metaphorical, i.e. bullets might indeed be useful barter items, like cigarettes and livestock.
Taxable event RIGHT THERE!
The deficit is SOOOOOO gonna be wiped out by this.
</sarcasm>
Another example...Ithaca Bucks.
Though the inevitability of taxes still destroys much benefit of the barter and trade system.
They'll put some ban on the use of silver and then the nazis will selectively enforce. I wouldn't go around bragging if I was a store owner/operator taking silver coins. Another way to enforce is that the banks will play some role of enforcement/cop.
Someone needs to 'enlighten' the banks on the use of precious metals as tender.
Maybe a ban, but probably more just tax the shit out of it. As both federal and state tax entities already do with barter/trade and use taxes.
burn the fuckin banks down then? What's the problem here?
It's not like cops, bankers, gov employees don't have houses too
... and cue the (civil) war.
A fairly straightforward derivation actually.
Won't happen. The use of legal tender U. S. Mint coinage will not be tampered with.
Reason: A pure firestorm would develop and put precious metals as real money in the limelight. TPTB cannot afford to do that. The only thing they can do is use the IRS to subvert the use of legal tender coins in a barter situation, and that has already been ruled on as legal and appropriate. Unless they come up with something more imaginative they are screwed.
Oh, fuck the fucking fuckers!
Bwahahahahahahahahahahahaha!
I am Jack's worthless printed paper.
Gold and Silver are Jack's Smirking Revenge...
Of course it's one thing for the people to be doing it. The day Lansing accepts Michigan Bux or gold/silver for payment of state income tax, that will really be good news.
f^ck the fed. die bitchez!
Go Blue!
Go barter system!
Go underground economy!
Let me write the next headline:
NYTimes: FBI Arrests All of Central Michigan in Terrorist Militia Plot
Local script has been springing up for a few years now. Ever hear of the Piedmont NC Plenty?
The organizers got a local community bank to exchange Fed Bernank-ster Bucks for Plenties...
.999 Silver Blanks Bitchez!
For all your daily needs... They are here to stay until the US Military is deployed by the Banksters who own the government to stop the sanity.
How do you know that a one ounce silver "round" is actually silver?
I stick with Silver Eagles, Maple Leafs, Philharmonics, etc.
How do you know government made Eagles, Leafs, etc.. are actually silver? We already know the US system is credit. They haven't had any real stash of gold/silver for decades. You believe it because its the government? Better talk to Russia and find out how their gold is rusting, and they never said anything about it.
http://www.fisch.co.za/orderonline.htm#pricing
Excellent concise answer.
"NYTimes: FBI Arrests All of Central Michigan in Terrorist Militia Plot." oh, please stop. I just ate lunch and my sides are splitting. bwahahahahahahaha!
Verrrrrrrrrrrrry interesting......but no go hugo.
A real laugh in.
If Michigan really wanted to help its economy an alternative currency isn't what's needed. All they would have to do is change from a union state to a right to work state. This would help prevent industry from relocating to southern states (or overseas) and they would at least have a fighting chance.
If they don't change pretty soon all the industry will be gone and the few residents left will scrape a living selling apples and blueberries to one another.
I fucking love this story
WOLVERINES beetchez!
This is one way to take power away from the FED and reduce the need for FRNs. For now it would probably only work in small communities. I like the idea. Giving the people some of the power back.
I suppose that Michiganders will take this seriously when the Congressmen and Federal appointees stop cheating on their tax returns, when the IRS actually collects money from Swiss Bank tax cheats, when Caribbean based hedge funds pay US taxes, when Goldman Sachs pays more than 1% of its income in US taxes and when the government is returned to the people instead of the banks.
Do not conflate Michigan with Detroit. 7/8 of Michigan would just as soon have Detroit suffer a nuclear attack, just as most of NY state feels about the City. ( I have lived in both places, and speak from long experience.)
Check out the Bank of North Dakota did in youtube's part five of Ellen Brown's Web Of Debt. Its a must see video.
The only State owned Bank in the U.S. serves as a good example of what a bank should be. No FDIC but its depositors are protected by the state. The banking cartel won't like that idea if it spreads. BTW ZH has ran articles about this bank.
Imagine helping a granny cross the road and in return getting a BJ
Holy screen coffee, Batman!!
_
Yes, I get it now, the fat chiro in the video and restaurant owner have devised a scheme that will replace the FED.
And of course, you'll have unimaginable wealth as the entire Planet sees the error of its ways and now only accepts your precious for all goods and services.
For things like home and auto repair, I deal with small family run businesses. As a courtesy, I am starting to offer to pay in gold or federal reserve notes at their option. One vendor really likes getting FRNs instead of a check. I tried it on a new vendor a few days ago. He looks like he wants to get paid in gold. Every time I make my offer now it gets attention and I can see the wheels turning.
Now, if we could just get the feds to see how laughable it was to arrest the Liberty Dollar folks for counterfeiting. How stupid are these feds anyway? Just look at how much trouble they have gone to in order to get the public to accept Susan B. Anthony and Sacagawea dollars. They have warehouses full of these dogs.
The mistake the Liberty Dollar folks made was touting their "product" as a co-circulating legal tender. U. S. laws prevent that specific act. If they had simply sold them as "collectibles" they would have been fine. They put "$25" on the half ounce silver and "$50" on the 1 ounce coins. Ya can't do that -- for obvious reasons.
I dunnoh ... it might sound like tax evasion to a disinterested reader, like the IRS. But it raises an interesting point: During the last Great Depression, a number of localities in the US resorted to using their own scrip due to a lack of currency as the real supply of money dried up. People were hoarding money, which made perfect sense in a deflationary environment since it didn't lose value. I found money my grandmother had stuffed under the carpets during the depression. Needless to say, it's value didn't hold up so well in the post-war permanent inflation environment we have all been enjoying ... I feel rich knowing I make 20 times more than my father ever did, don't you??? If only granny had stuffed gold behind under the floorboards.
Maybe she did, but you just haven't found it yet? Maybe it's not under the floorboards, but elsewhere on the property? Who in your family might know whether your granny had kept any gold coins?
Nooooow we're getting somewhere! Eat that 'you can't eat gold' trolls.
Regards
I guess it may boil down to whether you will be allowed to circulate the "money and legal tender" as an item of "money" and thereby price the transaction.
USC 31, 5112
This is a catch 22. Circulation of the minted "money" medium, that left the US Mint as a market bullion transaction, would severely crimp any tax-extraction on the amounts involved. That is if. Private people can be presumed to have the right to put the minted money into circulation, and price the transaction at the face value of the coin.
I.e. Is it allowed to circulate this money.
Because all so called tax extractions can at the same time be satisfied with the face amount equivalent legal tender value of circulating scrip. That is ...
This equality (or catch-22) is present in the US, Canada, Mexico and all European Nations that I have so far investigated. It is published right out front on their mint websites (for the most part).
So does a Euro (philharmonic) lofted into circulation actually price the transaction?
Jane Jacobs has some interesting ideas along these lines. As I recall, she argued that any given currency works, over the long term, to enrich a single city. One currency, one city. She was therefore a strong advocate of local currencies.
Anyone happen to know the specific reference on this? Seems like an idea that might be worth revisiting...
http://en.wikipedia.org/wiki/Jane_Jacobs
Here in Brasil it is called a "social currency", used only in a town or a neighbourhood.
See more:
http://trustcurrency.blogspot.com/2010/05/joaquim-melo-and-banco-palmas....
good link, thanks Zina!
thats what i was wondering.....the states should print their own money.....backed by something or not........and give it to the people......u know give to the people above 50 and ask then to retire....tell them they must buy a house or pay off their mortages ...they also must buy a car.....Unemployment problem , ....housing industry ...and auto industry....all fixed...PRINT UR OWN MONEY.............
YAY!
For once I am proud to say I am from Michigan....
Although, I must admit I am from the largely dysfunctional
South-East Region. (VERY different from central MI!)
Now all we need to do is disband the UAW!
Profit Prophet
I'd say this is a move in the right direction!
Looks like the Apollo aliance anticipated this and took care of it in the health care bill. http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=11211611