THE PRESENT...


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The Present bears Witness of the Past, and the Future shall make all things Clear...

The Son bears Witness of the Father, and the Holy Spirit shall make all things Clear...

Just know, that everything that ever happens, does so in the Present...

When I say everything, I mean everything...

So, when will the United States Announce our Transition into Sound Money...???

I would love to know the Words President Trump will use, when he makes the Announcement about our Circulating Sound Money, being backed with an equal Face Value amount of Gold, Silver and other Bullion Coinage......

It's the Speech I'm looking forward to hearing the most...

Wow, the Announcement of our New and Improved Monetary System...

There were Mistakes in the Past, that I'm aware of, but will be very easy to Fix...

We're allowed to Fix our Weights and Measures...

We're also allowed to Coin Money and Regulate the Value thereof...

I here-by Gift the "Sound Money Foundation" to the United States Treasury, to Build our Circulating Sound Money upon...

I'm sure it was all part of the Plan anyway...

Just remember one thing...

The United States Treasury, belongs to We the People...

The Profits made from Minting, Issuing and Selling Sound Money will make "We the People" rich beyond our Wildest Imaginations...

It's the Inheritance President Trump has mentioned in the Past...

Anyway...

Everything happens in the Present...

I always feel like we're close, because of its importance...

Sound Money will be a Game Changer for sure...

I can't wait to see what the Future brings...

July 3, 2020... 12.5 Hollywood Time...


Comments 17


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03.07.2020 19:41
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Thanks...
July 3, 2020... 12.7 Hollywood Time...

03.07.2020 19:44
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Upon this Foundation, we shall build "our" Sound Money...
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July 3, 2020... 12.8 Hollywood Time...

03.07.2020 19:49
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This post has received a 22.31 % upvote from @boomerang.

03.07.2020 20:07
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Once the reset and revaluation of gold has been done, how would you compare the value of a new one-ounce Gold Eagle with a common-date MS64 Liberty Double Eagle?

03.07.2020 20:47
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The Double Eagle will have a $20 Face Value, which would give them, the "Spending Power" of 2,000 of Today's Fiat Dollars... Their Melt Value plus their Collector Values will Vary, depending on what Collectors are Looking for...

The One Ounce Gold Eagles have a $50 Face Value, which will give them the "Spending Power" of 5,000 of Today's Fiat Dollars... Unless they become Collector Coinage, they will have the Melt Value of 3,500 of Today's Fiat Dollars...

July 3, 2020... 14.6 Hollywood Time...

03.07.2020 21:36
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I find how you answered my question interesting. Not quite what I had expected.

But just to add to the conversation, not sure if you think there will be a conflict with my comments...

If an old common-date ($20 Face) Liberty Double Eagle has the "spending power" of 2,000 (of today's fiat dollars) and a new one-ounce $50-face bullion coin has the "spending power" of 5,000 (of today's fiat dollars), it would be unwise to spend the old Double Eagle, just as it would be unwise to spend a Morgan Silver Dollar.

But, to the main point: The old Double Eagle, while slightly less than one full ounce of gold,
would certainly be worth significantly more than 5,000 of today's fiat dollars (or more than a new $50 1-oz bullion coin).

03.07.2020 22:48
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I just checked out some Common Dates for the Graded Twenty Dollar Gold Coins... They're currently right around the $2,000 Mark... That's about the Same as their "Spending Power" will be in "Sound Money"... On the other Hand, the Melt Value of Gold will be 3,500 Fiat Dollars per ounce... So, I don't see them Selling for less than Melt Value... They will continue to have Collector Appeal, even with the Common Dates and Mint Marks, but not to the Point of 5,000 Fiat Dollars.....
July 3, 2020... 16.7 Hollywood Time...

03.07.2020 23:45
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Correct - the common graded old double eagles are going for about $2,000/fiat each today, and I would agree that they wouldn't be sold for anything less than melt ($3,500/fiat per your specs), and this would increase their value, but I can't imagine that the old double eagle would be worth less than a new $50-face-value-1-oz bullion coin.

For an apples-to-apples comparison, since the double eagle has 0.9675 troy oz of gold per coin, the equivalent "Spending Power" (in the bullion coin, 0.9675 * $5,000) would be $4,837.50.

So I have trouble believing that the value of old double eagle would be worth less than $4,837.50 in "Spending Power" of equivalent gold in a new 1-oz bullion coin.

Also, if the melt value of 1 ounce of gold is $3,500, that would make the melt value of the double eagle $3,386.25, calculated: 0.9675 * $3,500.

So, with a normal premium on old Double Eagles, I'd have to believe they would be valued above a $50-face-value, 1-oz bullion coin.

Otherwise, it would be profitable to send your old gold coins to the mint, have them melt them down and re-mint them as new bullion coins.

Most likely, what would happen, is the old gold coins would be re-valued with significant premiums.

04.07.2020 02:56
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For one... If you had an Old Debt Note with a $20 Face Value, and a New Debt Note with a $50 Face Value, made with the exact same type of Paper, which one do you think would have the most "Spending Power"...???

I figure, with Collector Coinage, the Sky is the Limit, due to Supply and Demand... On the other hand, if you had one Melted Down, you wouldn't get back the Same Face Value... You will only get back Coins adding up to the Melt Value...
July 3, 2020... 23.0 Hollywood Time...

04.07.2020 06:02
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You Said: " If you had an Old Debt Note with a $20 Face Value, and a New Debt Note with a $50 Face Value, made with the exact same type of Paper, which one do you think would have the most "Spending Power"...???"

I certainly understand your logic, but instead of making this point with the "Debt Note" (ie Federal Reserve Note)... yes, the "spending power" of a $100 Federal Reserve Note is twice that of a $50 Federal Reserve Note (in the world of today). But the original intent of paper money was to act as certificates redeemable for comparable amounts of gold and silver, as it will be with a new gold-backed (or silver-backed) currency.

So, if you have a one-ounce silver coin with $1 face value stamped on it, and a one ounce silver coin with $5 face value stamped on it... and then you melt them down and re-pour them into little 1-oz ingots, they then have the same value.

I think you need to put this factor back into your equations and "refine" your theories, although I find your work very intriguing and possibly close to reality! You've made me rethink my own ideas and predictions.

But...

Looking at the US Congress website at:
https://www.congress.gov/bill/115th-congress/house-bill/5404

H.R.5404 - To define the dollar as a fixed weight of gold.115th Congress (2017-2018)

Unlike a Federal Reserve (Debt) Note, The (new gold-standard) Dollar is to be DEFINED as "a fixed weight of gold."

This would be the same for silver.

They could stamp "$1-Million" on a 1-oz silver coin, but it's still only one ounce of silver.

And the melt value of any old gold or silver coin will be worth at least as much as any bullion coin of equal content and weight, no matter what face value they stamp on the planchet.

04.07.2020 14:40
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With Sound Money, you can take 3 one ounce Silver Coins... One that is Stamped $1, the other is Stamped $5 and the third one is Stamped $10... All 3 together will have the Spending Power of $16... If you decided to Melt all three One Ounce Silver Coins into a Three Ounce Cube, it would have Zero Spending Power and a Melt Value of $10.50 in Sound Money...I know where you're coming from... Sound Money needs the Face Value Remain Stable...

As far as Defining a Dollar by a Fixed Rate of Gold goes... This tells me the Banksters want to Complicate something that could be very Simple...

The Simple answer is that We the People will Set the Price of Gold, in terms of Sound Money... Sound Money calls for the Melt Value of Gold to always be lower than the Face Value of our Coinage... This means our Face Value can be many times Greater than the Melt Value...

Face Value is very important when it comes to issuing new Circulating Sound Money... That's why the One Dollar Silver Coins need to be Discontinued... What people do with them is up to them... If it says One Dollar, it means One Dollar, unless you sell them to a Collector or Melt them down for more...

We need a Silver/Gold Ratio of Ten to One... We need a Five Dollar Silver Eagle, with a Melt Valule of $3.50 and a Fifty Dollar Gold Eagle, with a Melt Value of $35.00... But that won't prevent us from Issuing a Ten Dollar Silver Eagle and a $100 Gold Eagle using the same One Ounce Weight... You'll be able to turn in a One Ounce Ten Dollar Silver Eagle for Two, One Ounce Five Dollar Silver Eagles... I bet you didn't see that one coming...lol...

July 4, 2020... 11.7 Hollywood Time...

04.07.2020 18:50
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I think we're just circling back to your original theory, so unless you change your thinking to something more in line with H.R. 5404 (to define the dollar in terms of a FIXED WEIGHT OF GOLD) we're probably stuck in permanent disagreement.

You say: "As far as Defining a Dollar by a Fixed Rate of Gold goes... This tells me the Banksters want to Complicate something that could be very Simple..."

I think a "fixed weight" of gold or silver per dollar is the simplest solution and would actually make it harder for banksters or anyone to complicate or manipulate the financial structure.

When you say: "that won't prevent us from Issuing a Ten Dollar Silver Eagle and a $100 Gold Eagle using the same One Ounce Weight... "

Now you're losing simplicity and making things much more complicated, when you have different amounts on the same ounce.

The number of grams or ounces is the measure of "real money," and not what is embossed in the metal.

Similar to what I said before, the government could mint two 1-ounce silver coins. One with $1 on it. And one with $1-Million on it.

It takes the same amount of labor and energy to extract and mint a 1-ounce coin, no matter what face value they put on it.

The value of a metals-backed currency would be more stable as the value would be more closely associated with mining costs plus the normal mark up.

And, instead of losing value over time, the value of the dollar would most likely strengthen, as silver and gold production drops with lower-grade ore, producing fewer grams per ton. And it is believed that we have already hit peak gold and peak silver production.

And as mining and production costs go up (working more and burning more energy to extract fewer and fewer grams per ton of ore), and likely with increased scarcity, the values of metals would strengthen the value of the fixed-weight Dollar, which could even be reflected in the economy by lower prices over time - the opposite of inflation.

BTW, what the hell is up with that House of Representatives Bill H.R. 5404 dated 2017-2018!?

Knowing that Trump wants to end the Fed and establish sound and stable money, and knowing that he wants a gold standard, it just seems a bit ominous, as to what may happen soon. And I can't imagine anything other than using a fixed weight of gold (or silver) to back the currency.

We will likely see President Nixon's claim come true soon... to "temporarily" remove the gold exchangeability back in 1971. And that temporariness takes us up to, I'm hoping, 2021 or 2022.

For easy reference, here is the link to H.R. 5404:

https://www.congress.gov/bill/115th-congress/house-bill/5404

04.07.2020 19:51
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There's no way I'm going to change my Vision... I Fine Tuned it, all the way down to the Sound Money Decimal Cent, in order to make change for a Sound Money Cent...

The Melt Value of Gold and Silver will indeed be Fixed, but the Face Value of our Sound Money is what people will use to Measure Value...

Tell me how many Decimal Cents will be fixed by a Grain of Gold... lol...

We won't be taking that Complicated Path... Sorry...

July 4, 2020... 13.6 Hollywood Time...

04.07.2020 20:39
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I COMMAND YOU TO CHANGE YOUR VISION!

Just kidding. We just disagree. (Dave Mason)

But we won't need to back single cents with gold, just as they didn't in "the old days." Back in the 1800s Large Cents had value because they were made of a big honkin chunk of copper.

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Similarly, the value of a pre-1965 silver dime had value for its silver content.

But we'll still have small change and digital cents.

You can cash in your change for dollars, and then trade dollars for silver of gold (when on a gold/silver standard). But no one really thinks your going to get 3 cents worth of gold.

Just like today, I couldn't pay you one-tenth of a penny in physical form. But I could, with cryptocurrency.

04.07.2020 21:36
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The Three Cents will be backed by gold, but no, we probably won't be able to buy Three Cents worth of Gold... A person will have to Save up at least $5.00 in Sound Money to get a One Tenth Ounce, U.S.Gold Eagle Coin...

We will need Electron Coinage to make change for One Cent in Sound Money... Remember, our Fiat Debt Note Paper Dollar will become a Debt Free Sound Money Paper Cent... A Sound Money Paper Cent, will remove and replace a One Dollar Debt Note...
July 4, 2020... 21.0 Hollywood Time...

05.07.2020 04:00
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