only applies to certain things, and only applies to borrowing. Our legislature is most definitely considered essential, it's in the Constitution.
And another thing they have forgotten: when we are in shutdown, and borrowing is not allowed beyond the debt ceiling, the Executive Branch has total control over what the income that the government gets is spent on (as long as the project has been approved). Trump's wall is an approved project in need of funding, so he can actually direct money to the wall as long as the government is shut down at his own discretion. He can literally spend on whatever he wants until the power of borrowing is restored.
Two aliens landed in the Arizona desert near an abandoned gas station.
They approached one of the gas pumps and one of the aliens addressed it.
"Greetings, Earthling. We come in peace. Take us to your leader."
The gas pumps of course didn't respond. The alien repeated the greeting. Again there was no response. The alien, annoyed by what he perceived to be the gas pumps haughty attitude, drew his ray gun and said impatiently, "Greetings earthling. We come in peace. How dare you ignore us in this way! Take us to your leader or I'll fire!"
The other alien shouted to his comrade, "No, you don't want to make him mad!"
But before he finished his warning the first alien fired. There was a huge explosion that blew both of them 200 meters into the desert, where they landed in a heap rather abruptly. When they finally regained consciousness, the one who fired turned to the other one and said, "What a ferocious creature. It damn near killed us! How did you know it was so dangerous?"
The other alien answered, "If there's one thing I've learned during my travels through the galaxy, when a guy has dick he can wrap around himself twice and then stick it in his own ear, you don't mess with him."
Silverfag, you know a lot about a metal standard, so tell us, what is the first step a government takes in moving from a true metallic standard to fiat. (hint: it is not printing paper)
Why do you say "gullible?" that word is not even in the dictionary
Noooooooooooooooooooooo
not even close. That is way way down the line.
I am talking about the very first step, it is so subtle, but important to understand.
The answer is:
Requiring vendors to give the same value to a damaged or worn coin (slicks the are called) made of gold or silver as they would a brand new coin. The Roman Empire did this.
When government forces you to do this, they have very gently replaced the value of the actual metal in the coin, with the threat of violence from the government. You barely feel it because they tell you "Just bring us the slick and we'll give you a brand new one"
This opens the door to them minting a coin with lower metallic weight and forcing you to take that. On and on and on.
I don't think I really understood the gold standard until this factoid was explained to me. That is the point where you need to revolt, or at least start making plans for a collapse.
Well every step is debasing the currency. Right up to the point where you start printing paper certificates to represent gold and silver.
You are correct, I think it was 2-400 years at least between that rule and the collapse of the Roman empire.
Fun fact Alarsic was willing to go away and not sack Rome for a few thousand ounces of silver, they literally could not come up with it. to save their asses by that time.
The solution is the government mints coins, and lets the market decide what value to assign to each one of them. That is free market voluntary capitalism.
When someone shaves the edge off of a dime and hands it to you, you shave the edge off of their donut if you want to.
that is a free market. The solution is we recognize when the government is interfering in our free trade with threats of violence
"give him a full donut for his 90% dime, or we'll come and arrest you and take your deep fat fryer by force."
agreed. Even if we do get to a gold standard, it would have to be something electronic. We love our wires too much.