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	<title>Comments on: Current Dollar Currency Controls</title>
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	<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/</link>
	<description>Monetary science applied to current events focusing on the role of gold and silver..</description>
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		<title>By: Modern Hawala</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-3856</link>
		<dc:creator>Modern Hawala</dc:creator>
		<pubDate>Sun, 08 Nov 2009 01:18:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-3856</guid>
		<description>[...] a transaction other than a currency transaction. These non-cash transactions can be used to avoid currency controls, official exchange rates, import or export duties, or other undesireable tax effects. These legal, [...]</description>
		<content:encoded><![CDATA[<p>[...] a transaction other than a currency transaction. These non-cash transactions can be used to avoid currency controls, official exchange rates, import or export duties, or other undesireable tax effects. These legal, [...]</p>
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		<title>By: Gold Oil And Your Stomach</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1681</link>
		<dc:creator>Gold Oil And Your Stomach</dc:creator>
		<pubDate>Wed, 22 Jul 2009 15:48:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1681</guid>
		<description>[...] fail.  Also because it relies on force to implement along with identification, price controls and currency controls it is an inefficient solution to allocate energy resources.  What would be a tenable [...]</description>
		<content:encoded><![CDATA[<p>[...] fail.  Also because it relies on force to implement along with identification, price controls and currency controls it is an inefficient solution to allocate energy resources.  What would be a tenable [...]</p>
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		<title>By: Inflation With Gary North Or Deflation With Mish</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1669</link>
		<dc:creator>Inflation With Gary North Or Deflation With Mish</dc:creator>
		<pubDate>Wed, 08 Jul 2009 07:47:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1669</guid>
		<description>[...] to exchange assets lower in the liquidity pyramid for those higher.  Sure, there are currently currency controls on the FRN$ and as it continues evaporating more will likely be [...]</description>
		<content:encoded><![CDATA[<p>[...] to exchange assets lower in the liquidity pyramid for those higher.  Sure, there are currently currency controls on the FRN$ and as it continues evaporating more will likely be [...]</p>
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		<title>By: Quantitative Easing By Fed Is Predictably Failing</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1667</link>
		<dc:creator>Quantitative Easing By Fed Is Predictably Failing</dc:creator>
		<pubDate>Wed, 01 Jul 2009 02:06:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1667</guid>
		<description>[...] I wrote about 9 June 2009 in Current Dollar Currency Controls &#8220;There is not enough real capital, private liquidity, to sponge up all the bonds the [...]</description>
		<content:encoded><![CDATA[<p>[...] I wrote about 9 June 2009 in Current Dollar Currency Controls &#8220;There is not enough real capital, private liquidity, to sponge up all the bonds the [...]</p>
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		<title>By: John Corbit</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1680</link>
		<dc:creator>John Corbit</dc:creator>
		<pubDate>Fri, 19 Jun 2009 13:23:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1680</guid>
		<description>Thanks for the helpful reply to my post and putting the situation of GoldMoney in perspective with having clients of many nationalities and the impossibility of keeping up with all the various laws involved.

On the suggestion of expatriation, the has it&#039; s own problems as spelled out in the following link:

http://www.withersworldwide.com/news-publications/324/exit-tax-u-s-expatriates-to-become-law.aspx

Exit Tax for U.S. Expatriates to Become Law
28 May 2008
New rules will impose tax on expatriates and withholding requirements on trustees

The horror here, if I read the article correctly, is that a US citizen can not effectively expatriate now. He will be taxed at the border on any and all wealth held worldwide at the time of exit.

I happen to be a dual US/Canadian citizen, and I have lived in both countries for extended periods, but this law would impoverish the expatriate.

Also I read that, whereas the US has a tax treaty with many nations on just this point to avoid double taxation, now one will pay US taxes no matter where they live.

You are the lawyer. I would love to be proven wrong on either of these points.</description>
		<content:encoded><![CDATA[<p>Thanks for the helpful reply to my post and putting the situation of GoldMoney in perspective with having clients of many nationalities and the impossibility of keeping up with all the various laws involved.</p>
<p>On the suggestion of expatriation, the has it&#8217; s own problems as spelled out in the following link:</p>
<p><a href="http://www.withersworldwide.com/news-publications/324/exit-tax-u-s-expatriates-to-become-law.aspx" rel="nofollow">http://www.withersworldwide.com/news-publications/324/exit-tax-u-s-expatriates-to-become-law.aspx</a></p>
<p>Exit Tax for U.S. Expatriates to Become Law<br />
28 May 2008<br />
New rules will impose tax on expatriates and withholding requirements on trustees</p>
<p>The horror here, if I read the article correctly, is that a US citizen can not effectively expatriate now. He will be taxed at the border on any and all wealth held worldwide at the time of exit.</p>
<p>I happen to be a dual US/Canadian citizen, and I have lived in both countries for extended periods, but this law would impoverish the expatriate.</p>
<p>Also I read that, whereas the US has a tax treaty with many nations on just this point to avoid double taxation, now one will pay US taxes no matter where they live.</p>
<p>You are the lawyer. I would love to be proven wrong on either of these points.</p>
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		<title>By: Trace Mayer, J.D.</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1673</link>
		<dc:creator>Trace Mayer, J.D.</dc:creator>
		<pubDate>Fri, 19 Jun 2009 12:56:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1673</guid>
		<description>Hi John

Here is where I mentioned the &lt;a href=&quot;http://www.runtogold.com/2009/06/resurgent-russia-discharging-dollars/&quot; rel=&quot;nofollow&quot;&gt;FBAR recently&lt;/a&gt;.

I also included a part of it on the &lt;a href=&quot;http://www.runtogold.com/goldmoney&quot; rel=&quot;nofollow&quot;&gt;GoldMoney page&lt;/a&gt;.

Because there are over 200 countries all with unique and rapidly
changing laws therefore I do not think it is GoldMoney&#039;s duty to
apprise customers on the applicable laws in each of those countries.
That would be unmanageable both logistically and economically and
customers can easily and much more efficiently hire legal counsel for
competent advice in their respective country.

I do agree that filing requirements reduce the attractiveness of using
GoldMoney and other offshore banking solutions but that is the fault
of American politicians and neither GoldMoney nor other offshore
banking situations.  Like Hitler who demanded Swiss bank account
information from Jews who he then executed; the American politicians
have deliberately and intentionally attempted to make offshore banking
solutions difficult for their citizens and threatened death for those
who resist.  Like Hitler and being the first major country to do so
since WWII the US has also implemented exit taxes.  But if the FBAR
burden is too high then there is a simple solution:  expatriate and
renounce United States citizenship.

There may be another less drastic solution for vaulting physical gold
(which does not need to be reported on the FBAR):  &lt;a href=&quot;http://dassafe.com/&quot; rel=&quot;nofollow&quot;&gt;http://dassafe.com/&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Hi John</p>
<p>Here is where I mentioned the <a href="http://www.runtogold.com/2009/06/resurgent-russia-discharging-dollars/" rel="nofollow">FBAR recently</a>.</p>
<p>I also included a part of it on the <a href="http://www.runtogold.com/goldmoney" rel="nofollow">GoldMoney page</a>.</p>
<p>Because there are over 200 countries all with unique and rapidly<br />
changing laws therefore I do not think it is GoldMoney&#8217;s duty to<br />
apprise customers on the applicable laws in each of those countries.<br />
That would be unmanageable both logistically and economically and<br />
customers can easily and much more efficiently hire legal counsel for<br />
competent advice in their respective country.</p>
<p>I do agree that filing requirements reduce the attractiveness of using<br />
GoldMoney and other offshore banking solutions but that is the fault<br />
of American politicians and neither GoldMoney nor other offshore<br />
banking situations.  Like Hitler who demanded Swiss bank account<br />
information from Jews who he then executed; the American politicians<br />
have deliberately and intentionally attempted to make offshore banking<br />
solutions difficult for their citizens and threatened death for those<br />
who resist.  Like Hitler and being the first major country to do so<br />
since WWII the US has also implemented exit taxes.  But if the FBAR<br />
burden is too high then there is a simple solution:  expatriate and<br />
renounce United States citizenship.</p>
<p>There may be another less drastic solution for vaulting physical gold<br />
(which does not need to be reported on the FBAR):  <a href="http://dassafe.com/" rel="nofollow">http://dassafe.com/</a></p>
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		<title>By: John Corbit</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1672</link>
		<dc:creator>John Corbit</dc:creator>
		<pubDate>Fri, 19 Jun 2009 10:59:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1672</guid>
		<description>You had an article discussing the wisdom of reporting goldmoney holdings on the IRS foreign accounts reporting form f90221 recently. I have been unable to find that page again. Your direction to that article and any others on the same topic would be greatly appreciated. You suggested submitting this form for each year of one&#039;s relationship with goldmoney.com, which I did, after calling the IRS phone number in the directions for the form. I spoke to a very intelligent, patient gentleman, who advised me to file the forms for all back years.  I have done that, but I must say that now the government knows the location of that stash of gold, which reduces the attractiveness of goldmoney, which I have held since 2006. I moved a recently added sum OUT of GM as a tiny capital gains loss. The rest I haven&#039;t made up my mind about, but the enterprise is tarnished by this, especially since customer support not James Turk himself provided no suggestion that the form should be filed. In my opinion, if US taxpayers, and there are a lot of us who own GM, are liable to the penalties of up to $250,000 and 10 years in prison for each year the form has not been filed, then this should be billboarded on the web page of GM. It is a rather nasty surprise lurking there unannounced!</description>
		<content:encoded><![CDATA[<p>You had an article discussing the wisdom of reporting goldmoney holdings on the IRS foreign accounts reporting form f90221 recently. I have been unable to find that page again. Your direction to that article and any others on the same topic would be greatly appreciated. You suggested submitting this form for each year of one&#8217;s relationship with goldmoney.com, which I did, after calling the IRS phone number in the directions for the form. I spoke to a very intelligent, patient gentleman, who advised me to file the forms for all back years.  I have done that, but I must say that now the government knows the location of that stash of gold, which reduces the attractiveness of goldmoney, which I have held since 2006. I moved a recently added sum OUT of GM as a tiny capital gains loss. The rest I haven&#8217;t made up my mind about, but the enterprise is tarnished by this, especially since customer support not James Turk himself provided no suggestion that the form should be filed. In my opinion, if US taxpayers, and there are a lot of us who own GM, are liable to the penalties of up to $250,000 and 10 years in prison for each year the form has not been filed, then this should be billboarded on the web page of GM. It is a rather nasty surprise lurking there unannounced!</p>
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		<title>By: Trace Mayer, J.D.</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1668</link>
		<dc:creator>Trace Mayer, J.D.</dc:creator>
		<pubDate>Tue, 16 Jun 2009 03:56:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1668</guid>
		<description>Dave,

In this case I am intending to define unalienable human rights as fundamental rights which are rights which people can simultaneously claim without forcing anyone else to serve their needs.

For example, everyone can exercise their right to life without forcing anyone to serve their needs.  But on the other hand everyone cannot exercise a right to food without forcing another to serve their needs by taking another&#039;s food.</description>
		<content:encoded><![CDATA[<p>Dave,</p>
<p>In this case I am intending to define unalienable human rights as fundamental rights which are rights which people can simultaneously claim without forcing anyone else to serve their needs.</p>
<p>For example, everyone can exercise their right to life without forcing anyone to serve their needs.  But on the other hand everyone cannot exercise a right to food without forcing another to serve their needs by taking another&#8217;s food.</p>
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		<title>By: Dave Larson</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1679</link>
		<dc:creator>Dave Larson</dc:creator>
		<pubDate>Mon, 15 Jun 2009 01:54:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1679</guid>
		<description>Regarding, &quot;Money and currency are unalienable humans rights&quot;. I have a question regarding the  pronunciation of &#039;un-alien-able&#039; or whether it may be more appropriate as &#039;un-a-lien-able&#039;.  Wondering whether the former pronunciation is favored, in order to avoid the discussion and clarification of a Right &quot;upon which no lien may be placed&quot;.   The other pronunciation refers to a  Right &#039;from which one may not be alienated&#039;.  This sounds so familiar because of the common, widespread usage of alienated..  ..like one may be alienated from the love of a sibling or other relative.  ..Perhaps this has been addressed in an earlier posting that I might have missed.  Thank you</description>
		<content:encoded><![CDATA[<p>Regarding, &#8220;Money and currency are unalienable humans rights&#8221;. I have a question regarding the  pronunciation of &#8216;un-alien-able&#8217; or whether it may be more appropriate as &#8216;un-a-lien-able&#8217;.  Wondering whether the former pronunciation is favored, in order to avoid the discussion and clarification of a Right &#8220;upon which no lien may be placed&#8221;.   The other pronunciation refers to a  Right &#8216;from which one may not be alienated&#8217;.  This sounds so familiar because of the common, widespread usage of alienated..  ..like one may be alienated from the love of a sibling or other relative.  ..Perhaps this has been addressed in an earlier posting that I might have missed.  Thank you</p>
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		<title>By: Robert</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1678</link>
		<dc:creator>Robert</dc:creator>
		<pubDate>Sun, 14 Jun 2009 03:51:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1678</guid>
		<description>One more important point. When we receive coins or currency as the result of an economic transaction, it is a fallacy to think that these coins and bills are our personal property. That is not the case. We have the right to hold this money and to exchange it against other goods and services. The money is strictly speaking government property which we can hold  temporarily. However, in no point in time do we have the right to own that money. For that reason the destruction of that money (the melting of coins for instance) is an illegal activity. The money flows through the economy and facilitates economic transactions. Nobody really owns that money.

The story is even more complicated than that. When exchanging money for food, that food becomes our property and we can eat it or throw it away. Nobody (except for god) does care.  However, if the object purchased is large (like a house, a factory or a big truck), then the rights of the purchaser are limited. For instance when buying a house, we become subject to local taxes (which already indicates that our property rights are limited) and building codes and ordinances. We may not even plant the plants in our backyard which we want. Public law regulates the plants which we can plant legally. All of this indicates that the notion of property rights is not as simple as many think. Definitely, we do not own the currency in our wallet. That is government property on loan in our possession.</description>
		<content:encoded><![CDATA[<p>One more important point. When we receive coins or currency as the result of an economic transaction, it is a fallacy to think that these coins and bills are our personal property. That is not the case. We have the right to hold this money and to exchange it against other goods and services. The money is strictly speaking government property which we can hold  temporarily. However, in no point in time do we have the right to own that money. For that reason the destruction of that money (the melting of coins for instance) is an illegal activity. The money flows through the economy and facilitates economic transactions. Nobody really owns that money.</p>
<p>The story is even more complicated than that. When exchanging money for food, that food becomes our property and we can eat it or throw it away. Nobody (except for god) does care.  However, if the object purchased is large (like a house, a factory or a big truck), then the rights of the purchaser are limited. For instance when buying a house, we become subject to local taxes (which already indicates that our property rights are limited) and building codes and ordinances. We may not even plant the plants in our backyard which we want. Public law regulates the plants which we can plant legally. All of this indicates that the notion of property rights is not as simple as many think. Definitely, we do not own the currency in our wallet. That is government property on loan in our possession.</p>
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		<title>By: Robert</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1677</link>
		<dc:creator>Robert</dc:creator>
		<pubDate>Sun, 14 Jun 2009 03:35:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1677</guid>
		<description>Small denomination coins, like pennies, nickels, dimes and quarters, are very useful in economic transactions. They allow for a more accurate price determination which leads to more efficiency in transactions and less price inflation due to excessive rounding of prices. Because of this principal advantage, the federal government continues to mint pennies and nickels despite the fact that the cost of minting these coins is higher than the monetary value of these coins. For instance, it costs more than 2 pennies to produce one penny.

The melting of pennies on a large scale would indeed be counterproductive as this activity would rob the economy of small change which in the long term would decrease the efficiency of economic transactions. So the law against melting of US coins does have a rational explanation.

As a matter of habit, I always pick a penny whenever I see one on the street. The benefit of exercising my back by bending down is most likely more valuable in the long run than the penny in copper value which I pick doing so.</description>
		<content:encoded><![CDATA[<p>Small denomination coins, like pennies, nickels, dimes and quarters, are very useful in economic transactions. They allow for a more accurate price determination which leads to more efficiency in transactions and less price inflation due to excessive rounding of prices. Because of this principal advantage, the federal government continues to mint pennies and nickels despite the fact that the cost of minting these coins is higher than the monetary value of these coins. For instance, it costs more than 2 pennies to produce one penny.</p>
<p>The melting of pennies on a large scale would indeed be counterproductive as this activity would rob the economy of small change which in the long term would decrease the efficiency of economic transactions. So the law against melting of US coins does have a rational explanation.</p>
<p>As a matter of habit, I always pick a penny whenever I see one on the street. The benefit of exercising my back by bending down is most likely more valuable in the long run than the penny in copper value which I pick doing so.</p>
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		<title>By: Jason</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1674</link>
		<dc:creator>Jason</dc:creator>
		<pubDate>Thu, 11 Jun 2009 03:31:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1674</guid>
		<description>The U.S. makes $50, one troy ounce gold coins.  Are the owners of these coins also restricted from melting their coins as well?  Its value may have increased as well as gold prices rise.
When someone melts a fiat coin they are essentially converting the fiat-based coin into a commodity-based coin.  They do this when the commodity value (metal) is higher than the fiat value (government decree).  This sheds light on one of the major problems with fiat currency - the value the government assigns to the currency is arbitrary.  Metal coins can be worth more than their face value and paper dollars can be worth less than their face value.  In a commodity-based system, an ounce of gold/silver/nickel/copper is always an ounce.
These laws are enacted to protect the fiat monetary system, not the people.  The government could just make the fiat coins out of a less valuable material - just like they started doing in 1965 with silver coins.  The real problem for fiat currency when people start melting coins is that people start talking about intrinsic values (value of the metal in the coin) instead of fiat values.</description>
		<content:encoded><![CDATA[<p>The U.S. makes $50, one troy ounce gold coins.  Are the owners of these coins also restricted from melting their coins as well?  Its value may have increased as well as gold prices rise.<br />
When someone melts a fiat coin they are essentially converting the fiat-based coin into a commodity-based coin.  They do this when the commodity value (metal) is higher than the fiat value (government decree).  This sheds light on one of the major problems with fiat currency &#8211; the value the government assigns to the currency is arbitrary.  Metal coins can be worth more than their face value and paper dollars can be worth less than their face value.  In a commodity-based system, an ounce of gold/silver/nickel/copper is always an ounce.<br />
These laws are enacted to protect the fiat monetary system, not the people.  The government could just make the fiat coins out of a less valuable material &#8211; just like they started doing in 1965 with silver coins.  The real problem for fiat currency when people start melting coins is that people start talking about intrinsic values (value of the metal in the coin) instead of fiat values.</p>
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		<title>By: Peter</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1671</link>
		<dc:creator>Peter</dc:creator>
		<pubDate>Wed, 10 Jun 2009 16:40:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1671</guid>
		<description>&quot;If you own the penny or nickel then why would you be prevented from doing whatever you want with your property so long as you do not violate another person’s rights or harm their legitimately acquired property?&quot;

Although I agree with many things Trace says, this one is dead wrong. Because you do hurt all others by melting coins... they have to be made again at higher cost. Currency is a common good, so, common interest dictates that laws should prevent the melting of coins, at least in a fiat money system.</description>
		<content:encoded><![CDATA[<p>&#8220;If you own the penny or nickel then why would you be prevented from doing whatever you want with your property so long as you do not violate another person’s rights or harm their legitimately acquired property?&#8221;</p>
<p>Although I agree with many things Trace says, this one is dead wrong. Because you do hurt all others by melting coins&#8230; they have to be made again at higher cost. Currency is a common good, so, common interest dictates that laws should prevent the melting of coins, at least in a fiat money system.</p>
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		<title>By: Bruce</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1670</link>
		<dc:creator>Bruce</dc:creator>
		<pubDate>Wed, 10 Jun 2009 02:42:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1670</guid>
		<description>The other half of the equation is that banks use script to purchase gold from ignorant people who exchange their gold for an equitable interest in a joint commercial venture.

Banks then artificially depress the market price of gold by selling it into the market if the price rises.    They debase the currency (equitable interests / common shares in the joint venture) by issuing new shares to water down the previously issued shares.  This increases the number values of the assets held in the joint venture by ignorant investors.  The increase in price hides the fact that the actual value is declining relative to the total value of property held by the joint venture.  It hides the fact that new shares are purchasing more private assets, drawing them into the public realm or into the private hands of the privileged.   (re- public -- to make public).

They then depress the value of public assets of any particular country or political subdivision by using derivatives to move the wealth off shore  (See CAFR1.com Comprehensive Annual Financial Reports of all government entities.) which contracts the money supply and cause price deflation.

In the process, they purchase public assets at fire sale prices and re privatize them, thereby obtaining absolute title.

The NEW WORLD ORDER is a bunch of guys who understand banking and law, who use a system of due process to obtain private title to the world&#039;s assets in an attempt to obtain private title to it all.  Where there is no public interest (in title), the government has no say.  The NWO doesn&#039;t want to allow anyone to have any say in their plans.  That&#039;s why they are private.

They did it in Argentina in the 90s (privatizing public assets and purchasing them for pennies on the dollar), and they are doing it here in the USA right now.

Ok, they don&#039;t think anything of killing people either.  If they own all the assets, why should they use their assets to feed useless eaters? You know, the ones, those people that they don&#039;t need to run things for them.</description>
		<content:encoded><![CDATA[<p>The other half of the equation is that banks use script to purchase gold from ignorant people who exchange their gold for an equitable interest in a joint commercial venture.</p>
<p>Banks then artificially depress the market price of gold by selling it into the market if the price rises.    They debase the currency (equitable interests / common shares in the joint venture) by issuing new shares to water down the previously issued shares.  This increases the number values of the assets held in the joint venture by ignorant investors.  The increase in price hides the fact that the actual value is declining relative to the total value of property held by the joint venture.  It hides the fact that new shares are purchasing more private assets, drawing them into the public realm or into the private hands of the privileged.   (re- public &#8212; to make public).</p>
<p>They then depress the value of public assets of any particular country or political subdivision by using derivatives to move the wealth off shore  (See CAFR1.com Comprehensive Annual Financial Reports of all government entities.) which contracts the money supply and cause price deflation.</p>
<p>In the process, they purchase public assets at fire sale prices and re privatize them, thereby obtaining absolute title.</p>
<p>The NEW WORLD ORDER is a bunch of guys who understand banking and law, who use a system of due process to obtain private title to the world&#8217;s assets in an attempt to obtain private title to it all.  Where there is no public interest (in title), the government has no say.  The NWO doesn&#8217;t want to allow anyone to have any say in their plans.  That&#8217;s why they are private.</p>
<p>They did it in Argentina in the 90s (privatizing public assets and purchasing them for pennies on the dollar), and they are doing it here in the USA right now.</p>
<p>Ok, they don&#8217;t think anything of killing people either.  If they own all the assets, why should they use their assets to feed useless eaters? You know, the ones, those people that they don&#8217;t need to run things for them.</p>
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		<title>By: Bruce</title>
		<link>http://www.runtogold.com/2009/06/current-dollar-currency-controls/comment-page-1/#comment-1675</link>
		<dc:creator>Bruce</dc:creator>
		<pubDate>Wed, 10 Jun 2009 02:05:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.runtogold.com/?p=4128#comment-1675</guid>
		<description>The whole purpose of a paper based monetary system is to draw private title rights into the public realm.  Once drawn in they can be administered by the issuing bank through the various political governments.  In short, the purpose is to consolidate power into the hands of the bankers.

Property traded under contract in paper instruments gives the party who issues the paper a presumptive title interest in the property.  There may also be an expressed title interest through a mortgage deed.

The purpose of public accounting is to keep track of the equitable interests that the fiduciary title holders of property have in the sovereign&#039;s absolute title to the property.  Thus, in the United States now we have fee simple titles to land which has been mortgaged because all the land held under mortgage is held in fee simple, the Bank being holder of the feud.  Unencumbered land is held allodially.

Under United States Notes, the (corporate) United States was the holder of the feud.  Federal and Feudal are interchangeable terms.  Under Federal Reserve Notes, the Federal Reserve is the holder of the feud (the sovereign in other words).

Since the United States no longer issues its own notes, but does so through the Federal Reserve, the Federal Reserve is the actual issuer, and is therefore the master, or dog wagging the United States as its tail.

That&#039;s why congress was compelled to grant the Fed the bailout money.  Congress is held hostage as a mere servant to the Federal Reserve.

Despite the fact that this arrangement was made covertly and is highly fraudulent, on its face it is very legal, and thus enforceable in court, particularly courts whose judges are bought and paid for in script.

Gold and silver would not serve the purpose of being an international exchange medium which allows the banks to control and hold hostage the various countries at will.  Gold and silver would promote actual free trade, and in the process free the enslaved people, particularly those who don’t even know they are enslaved.

Gold and silver used as money provides that title to the property which is exchanged for it passes with the transaction because an exchange in substance occurs and actual payment is made.  Thus, Gold and silver used as money works to privatize property formerly held by a fiduciary in the public trust, and thus it reduces the quantity of property that is administered by the banks through the various political governments.</description>
		<content:encoded><![CDATA[<p>The whole purpose of a paper based monetary system is to draw private title rights into the public realm.  Once drawn in they can be administered by the issuing bank through the various political governments.  In short, the purpose is to consolidate power into the hands of the bankers.</p>
<p>Property traded under contract in paper instruments gives the party who issues the paper a presumptive title interest in the property.  There may also be an expressed title interest through a mortgage deed.</p>
<p>The purpose of public accounting is to keep track of the equitable interests that the fiduciary title holders of property have in the sovereign&#8217;s absolute title to the property.  Thus, in the United States now we have fee simple titles to land which has been mortgaged because all the land held under mortgage is held in fee simple, the Bank being holder of the feud.  Unencumbered land is held allodially.</p>
<p>Under United States Notes, the (corporate) United States was the holder of the feud.  Federal and Feudal are interchangeable terms.  Under Federal Reserve Notes, the Federal Reserve is the holder of the feud (the sovereign in other words).</p>
<p>Since the United States no longer issues its own notes, but does so through the Federal Reserve, the Federal Reserve is the actual issuer, and is therefore the master, or dog wagging the United States as its tail.</p>
<p>That&#8217;s why congress was compelled to grant the Fed the bailout money.  Congress is held hostage as a mere servant to the Federal Reserve.</p>
<p>Despite the fact that this arrangement was made covertly and is highly fraudulent, on its face it is very legal, and thus enforceable in court, particularly courts whose judges are bought and paid for in script.</p>
<p>Gold and silver would not serve the purpose of being an international exchange medium which allows the banks to control and hold hostage the various countries at will.  Gold and silver would promote actual free trade, and in the process free the enslaved people, particularly those who don’t even know they are enslaved.</p>
<p>Gold and silver used as money provides that title to the property which is exchanged for it passes with the transaction because an exchange in substance occurs and actual payment is made.  Thus, Gold and silver used as money works to privatize property formerly held by a fiduciary in the public trust, and thus it reduces the quantity of property that is administered by the banks through the various political governments.</p>
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