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What is a Dollar?


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2010 Mar 10, 2:18pm   49,966 views  272 comments

by PeopleUnited   ➕follow (2)   💰tip   ignore  

http://mises.org/daily/4149

Are you aware that a Federal Reserve note "dollar bill" is not a constitutional dollar? Perhaps you are, but if so, do you know what a constitutional dollar literally is? Is it gold? Is it silver?

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260   RayAmerica   2023 Nov 29, 2:14pm  

Back to the original thread "What is a Dollar?"

A Dollar, as of 5/14/2010 was 1/1237 of one Troy ounce of Gold.

NOTE: as of today, 11/29/2023, the dollar is 1/2044 of one Troy ounce of Gold.
261   PeopleUnited   2023 Nov 29, 7:09pm  

RayAmerica says

Back to the original thread "What is a Dollar?"

A Dollar, as of 5/14/2010 was 1/1237 of one Troy ounce of Gold.

NOTE: as of today, 11/29/2023, the dollar is 1/2044 of one Troy ounce of Gold.

So it’s going pretty well then :) for the globalists.
262   PeopleUnited   2023 Nov 29, 7:11pm  

Patrick says

The United Arab Emirates (UAE) has shifted from using the US dollar to local currencies in its oil trades.

And just like that Nicki Haley started looking for a reason to invade UAE.
263   AmericanKulak   2023 Nov 29, 7:24pm  

There is some good news about a weak dollar: It will help us manufacture for export again.
264   FortwayeAsFuckJoeBiden   2023 Nov 29, 8:20pm  

AmericanKulak says

There is some good news about a weak dollar: It will help us manufacture for export again.


no it won’t, unless you want to live on $10 a day
265   PeopleUnited   2023 Nov 29, 8:20pm  

AmericanKulak says

There is some good news about a weak dollar: It will help us manufacture for export again.

And a million new workers crossing the southern border to run the factory!
266   GNL   2023 Nov 29, 8:31pm  

Honest Abe says

Show me where a sound dollar and capitalism causes anywhere near the pain, suffering, tragedy, misery and number of deaths that a fiat currency and a powerful socialistic central government has caused.

I believe the "need" for social justice comes when the income/wealth inequality gap becomes too large.
267   PeopleUnited   2023 Nov 29, 8:34pm  

Inflation hurts the poorest people most, and favors the wealthy. It is a stealth tax on the working class. It promotes inequality and is an injustice to retirees with savings in cash.
268   HeadSet   2023 Nov 29, 9:04pm  

Patrick says

from pendō (“to weigh”).

Intereasting. "pendo" like "pendulum" the swinging clock weight, and "pendular" like the weighed down sagging breasts.
269   Patrick   2023 Nov 29, 10:05pm  

I love etymologies.

I look them up all the time on https://en.wiktionary.org/ which is blessedly non-woke so far.
270   PeopleUnited   2024 May 1, 1:17am  

This belongs here

Patrick says





271   PeopleUnited   2024 May 1, 1:35am  

As those who understand history, we know that the fiat dollar was created to replace the literal dollar as pictured above.

But what will happen when central banksters replace the fiat dollar?

Here is one possibility: https://www.zerohedge.com/geopolitical/unification-cbdcs-global-banks-are-telling-us-end-dollar-system-near
272   AmericanKulak   2024 May 1, 3:31am  

PeopleUnited says

This belongs here

Patrick says








Excellent Graphic.

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