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|User Info||Sound money; entered at 2011-05-22 23:17:30|
I appreciate your engagement in this discussion. My premise, which you believe is false, is that fiat currencies inevitably result in inflation. Although anecdotal, IMO the chart you inserted backs up my premise. You will note there is no counterbalancing green from 1950 on. How do you explain that anomaly?
I'm about out of patience. You're now putting words in my mouth.
YOU are the one who claimed that "Swiss Francs" or "Yuan" were "stable", not I. Yet YOU in the first sentence made the all-inclusive statement.
I will NOT have a conversation with you on this if we're going to play games. You have a DUTY if we're going to have a fair discussion and debate to revise and drop your original position.
I never proposed that. I proposed that all forms of money be exempt from gains taxes. And yep, I didn't define money. I assume readers know what I'm talking about. If it walks and quacks like a duck...
An undefined law is no law at all. We're done if this is going to be the level of dishonesty that you're going to resort to, and further, your time here is finished too. My time is valuable and I don't have it to waste.
My concern is with the imputed increase in wealth that I am taxed on when I have a checking account denominated in gold that can't buy any more gasoline or automobile after being held there for a couple of years, but when I convert back to dollars, I pay a "gain" tax. Boo hiss.
Ok, so you convert back to HOUSES. You want that gain free too, right? Of course you do!
That you're trying to argue for something that's factually false, has nothing to do with the genesis of the problem, won't fix it, and will simply empower the banksters to steal all the assets.
In other words your view on this (and Ron Paul's, for that matter) is a crock. The problem lies elsewhere and I have repeatedly shown this in both written and verbal form. If you wish to argue with that then let's have the debate, but (1) this is not the place for it, "Monetary" is, and (2) until you can PROVE that the violent swings prior to the current system will not occur going back simply makes things WORSE.
The bottom line is that the issue in question is not caused by fiat currency. It is caused by unbacked credit emission. All "hard money" does is make the swings MUCH more violent and quick to appear, which screws people worse.
And the ref doesn't like words being put in his mouth.
Last chance on this one. You owe the forum an explanation as to how your FIRST PRINCIPLE STATEMENT squares with a desire to trade in and out of Swiss Francs and Yuan without tax when those currencies are in fact unbacked fiat currencies as well, and why there should be any sort of special "Don Wills" plank in the platform on this when the alleged purpose, assuming you're telling the truth about your purpose, is already covered in the platform language.
In other words, you're being challenged directly: Is there a hidden and undisclosed purpose in your original premise and platform discussion request?
You know, like perhaps the purpose you disclosed in my Ticker thread but conveniently omitted here?
No weasel words, no BS, address the points.
You get one, and only one, chance to do so. One response, and no second chances.