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Message Subject what are the advantages and disadvantages of declaring personal sovereignty???
Poster Handle Goodmen
Post Content

Money is not imaginary. Money is a division of worth of labor. Since I can trade my Dollars for goods and services and I must provide goods or services to make more of that imaginary money- it has value because we agree it does.

The barter system is too hard. I need some Apples but my skill is Home building (not really, but...) there is no way to really trade this- So we provide a "perceived value" attached to the currency (be it Gold, Silver , paper or electronic) which I can parcel out into smaller purchases.

Funny the people who keep hawking this "Imaginary paper fiat money" ideal will gladly take your Dollars for their services (and spend them) and will gladly take your imaginary paper dollars for their "real" Gold.

Again, Philosophically speaking you are correct. real World application, not so much.
 Quoting: Goodmen 16778386

Federal Reserve NOTES are not money, they are "legal tender" states it right there in black and white.

There you go, projecting your beliefs on a NOTE and calling it "money", your premiss is flawed because you are ignorant.
 Quoting: Anonymous Coward 20901334

Its Debt (if you wish to get technical)- But....

Money is a generic term. You work, your paid, you spend...Money.
 Quoting: Goodmen 16778386

It is not a generic term, the law of the land in the Republic is clear on what is legal tender for debts and has been since before this nation existed.

There are many forms of legal tender and there are contractual forms of lawful money, but that is a matter of agreement between two parties and is NOT the law of the land, but is contractually binding (and therefore lawful).

You are a novice at this, I can tell.

Keep trying, you might learn something.
 Quoting: Anonymous Coward 20901334

It was a generic term in my usage since this thread isnt about money, legal tender or currency and this whole line was a sidetrack since the whole "Money is a fiction" came up.

Anyhow, I wouldnt consider myself a novice on monetary policy but no expert either. In fact, I have read a couple books which touched on it and watched a few you tube vids (like Money masters and Money as Debt) but my take was on the Anthropological use of money- i.e. barter is impossible on a large scale so we break our labor into ...Money.

But yes, Money is not something I have extensively studied (nor plan to) but its real enough that it keeps me in a warm dry house, food in my belly and occasionally a few beers. I couldnt possibly barter with all the people who provide services for me- So...It works. =)

Plus you guys need to use a damn name tag- I am not sure if you are the FMOTL guy or someone else. Seriously...
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