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Monetizing the "Libertad". Radical Mexican idea?

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Monetizing the "Libertad". Radical Mexican idea?

Postby PennyPauper » Fri May 20, 2011 11:14 pm

IMO excellent idea!

http://www.dollarvigilante.com/blog/201 ... ilver.html

What are your thoughts?
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Re: Monetizing the "Libertad". Radical Mexican idea?

Postby blackrabbit » Fri May 20, 2011 11:40 pm

Great idea! I hope they do that. Re-monetizing silver would be awesome, but I doubt the banksters will allow it to happen.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Monetizing the "Libertad". Radical Mexican idea?

Postby PennyPauper » Fri May 20, 2011 11:52 pm

It is about time we realize "we the people" out number the bankers.
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Re: Monetizing the "Libertad". Radical Mexican idea?

Postby blackrabbit » Sat May 21, 2011 12:08 am

I totally agree. That is one of the main reasons I like metal as money, bankers can't create it out of thin air. Re-monetizing silver would give more wealth to the people.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Monetizing the "Libertad". Radical Mexican idea?

Postby PennyPauper » Sat May 21, 2011 12:10 am

out of thin air=sorcery Damn the wizards!
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Re: Monetizing the "Libertad". Radical Mexican idea?

Postby Treetop » Sat May 21, 2011 1:59 am

i think that is ingenious. Since you arent stamping the coins with a value, and raise the value determined in pesos but dont lower it, they would never leave circulation. Sure people might horde them, almost certainly would.... but they wouldnt end up melted.

youd have more hard assets in more peoples hands. sure we wont be in a bull market forever.. but that is still wise imo.

you could do the same thing with copper and gold no doubt. Bank have to keep a certain percentage of capitol on hand, if much of it was in the form of gold even though its face value was less then melt, it would lessen the blow if bigger monetary issues were ever to occur.

I never heard of a similar idea put quite like this, I think this could work very well with many benefits, and be done immediately in most any country that mints gold or silver.
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Re: Monetizing the "Libertad". Radical Mexican idea?

Postby 68Camaro » Sat May 21, 2011 7:26 am

I think if we were to go to any kind of PM standard while starting within the existing system, short of total collapse, it would have to be by that same or similar method. Assign a value to an ounce of PM which is higher than market price, allow it to float up, but never to sink down.

I have several libertads that I had been thinking of trading for ASEs. Guess I'll keep them. ;)
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Re: Monetizing the "Libertad". Radical Mexican idea?

Postby Dumpster Diver » Sat May 21, 2011 3:09 pm

Sweet...I just bought five. IMO one of the most beautiful coins ever made.
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