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who was the greatest american president

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Who was the greatest American president?

 
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Re: who was the greatest american president

Postby AndyDufresne on Wed Apr 11, 2012 2:35 pm

patches70 wrote:Private currency will not be tolerated, The Fed must be allowed to maintain their monopoly on currency.....


"Excuse me sir, do you accept these finely crafted Patches Dollars?"

If only! :D ;)


--Andy
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Re: who was the greatest american president

Postby patches70 on Wed Apr 11, 2012 2:37 pm

AndyDufresne wrote:
patches70 wrote:Private currency will not be tolerated, The Fed must be allowed to maintain their monopoly on currency.....


"Excuse me sir, do you accept these finely crafted Patches Dollars?"

If only! :D ;)


--Andy



Heh heh, that would be awesome!
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Re: who was the greatest american president

Postby Phatscotty on Sun Apr 15, 2012 4:27 pm

saxitoxin wrote:
Phatscotty wrote:
saxitoxin wrote:
Phatscotty wrote:and what coins started being minted in 1986....

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That coin is only tender to the $5 value printed on its face. It probably has $1600 of gold in it at current prices but to get the $1600 out of it you'd have to take it to a gold broker and sell it for paper currency, you can't present it for payment of "all debts public and private." If the value is only set to the face value of the coin, not the value of the metal in it, it's just a novelty collector's piece, not a part of the money supply like gold coins in a gold-backed system.

Reagan had the mint get into the collectible coins business to unload all of the gold the U.S. government had laying around after Nixon decoupled the U.S. from the gold standard and Ford legalized private gold ownership.


But you can deposit that coin into an individual retirement account.


You can also deposit a Canadian Gold Maple Leaf in an U.S. IRA. You can deposit any kind of novelty coin as long as it's 99.9% pure gold.


and, all those coins are now able to be held in an U.S. IRA....thanks to Reagan. He knew what the future looked like. He took a bullet for the stand he took, and he lived.

He restored many freedoms and liberties to America, which was sorely missed in the 70's. Most American's at the time knew exactly what was going on, and we loved it.

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Re: who was the greatest american president

Postby saxitoxin on Sun Apr 15, 2012 7:17 pm

Phatscotty wrote:
saxitoxin wrote:
Phatscotty wrote:
saxitoxin wrote:
Phatscotty wrote:and what coins started being minted in 1986....

Image
Image


That coin is only tender to the $5 value printed on its face. It probably has $1600 of gold in it at current prices but to get the $1600 out of it you'd have to take it to a gold broker and sell it for paper currency, you can't present it for payment of "all debts public and private." If the value is only set to the face value of the coin, not the value of the metal in it, it's just a novelty collector's piece, not a part of the money supply like gold coins in a gold-backed system.

Reagan had the mint get into the collectible coins business to unload all of the gold the U.S. government had laying around after Nixon decoupled the U.S. from the gold standard and Ford legalized private gold ownership.


But you can deposit that coin into an individual retirement account.


You can also deposit a Canadian Gold Maple Leaf in an U.S. IRA. You can deposit any kind of novelty coin as long as it's 99.9% pure gold.


and, all those coins are now able to be held in an U.S. IRA....thanks to Reagan.


again, I think you have Ronald Reagan confused with Gerald Ford

Phatscotty wrote:He took a bullet for the stand he took, and he lived.


I think it was fairly well established that John Hinckley shot Reagan to get the attention of Jodie Foster, not to protest the sale of novelty coins.

That said, I am open to hearing alternative theories. I was always perplexed that most media consistently failed to mention that Hinckley's dad was George Bush's neighbor. IIRC, they even had dinner the night before the assassination attempt.
Pack Rat wrote:if it quacks like a duck and walk like a duck, it's still fascism

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Re: who was the greatest american president

Postby Phatscotty on Sun Apr 15, 2012 11:00 pm

In 1985, Ronald Reagan signed into law the Gold Bullion Coin Act which helped the US Mint become one of the major distributors of gold bullion worldwide. Pursuant to its powers to coin money, Congress authored the famous bill, allowing for the creation of a legal-tender gold bullion coin, which would become the famed Gold American Eagle.
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Re: who was the greatest american president

Postby saxitoxin on Sun Apr 15, 2012 11:13 pm

Phatscotty wrote:
In 1985, Ronald Reagan signed into law the Gold Bullion Coin Act which helped the US Mint become one of the major distributors of gold bullion worldwide. Pursuant to its powers to coin money, Congress authored the famous bill, allowing for the creation of a legal-tender gold bullion coin, which would become the famed Gold American Eagle.


As we previously went over, the Gold Bullion Coin Act authorized the US Mint to begin pressing novelty coins so it could compete in the profitable collector coin market against Canada and South Africa, it did not repeal restrictions on private gold ownership. Those were repealed six years before Reagan took office, in 1974. See: http://thomas.loc.gov/cgi-bin/bdquery/z ... ry.html%7C

    The U.S. Mint novelty coin program instituted by the Treasury (it would surprise me if Reagan had much direct input into very low-level decisions like what kind of collectibles to stock in a gift shop) was needed to dump excess gold stored by the U.S. since Nixon abolished the gold standard. Part of the U.S.' massive gold stores were pressed into collectible coins with American eagles, Olympic swimmers and other fun scenes printed on them and sold into the private market.
Pack Rat wrote:if it quacks like a duck and walk like a duck, it's still fascism

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Re: who was the greatest american president

Postby Phatscotty on Sun Apr 15, 2012 11:16 pm

Reagan knew what challenges American's were going to face in the future, and made sure that people would be able to protect themselves on an individual basis. Gerald Ford paved the way for Reagan on this issue just as Woodrow Wilson paved the way for FDR's gold confiscation from the American citizenry.
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Re: who was the greatest american president

Postby saxitoxin on Mon Apr 16, 2012 12:00 am

Phatscotty wrote:Reagan knew what challenges American's were going to face in the future, and made sure that people would be able to protect themselves on an individual basis. Gerald Ford paved the way for Reagan on this issue just as Woodrow Wilson paved the way for FDR's gold confiscation from the American citizenry.


aight
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Re: who was the greatest american president

Postby notyou2 on Mon Apr 16, 2012 8:41 pm

saxitoxin wrote:
Phatscotty wrote:
In 1985, Ronald Reagan signed into law the Gold Bullion Coin Act which helped the US Mint become one of the major distributors of gold bullion worldwide. Pursuant to its powers to coin money, Congress authored the famous bill, allowing for the creation of a legal-tender gold bullion coin, which would become the famed Gold American Eagle.


As we previously went over, the Gold Bullion Coin Act authorized the US Mint to begin pressing novelty coins so it could compete in the profitable collector coin market against Canada and South Africa, it did not repeal restrictions on private gold ownership. Those were repealed six years before Reagan took office, in 1974. See: http://thomas.loc.gov/cgi-bin/bdquery/z ... ry.html%7C

    The U.S. Mint novelty coin program instituted by the Treasury (it would surprise me if Reagan had much direct input into very low-level decisions like what kind of collectibles to stock in a gift shop) was needed to dump excess gold stored by the U.S. since Nixon abolished the gold standard. Part of the U.S.' massive gold stores were pressed into collectible coins with American eagles, Olympic swimmers and other fun scenes printed on them and sold into the private market.


Due to this, the Hunt Brothers tried to corner the silver market and drove up gold too in the process.
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Re: who was the greatest american president

Postby Phatscotty on Mon Apr 16, 2012 11:36 pm

Reagan #2?

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Re: who was the greatest american president

Postby Baron Von PWN on Mon Apr 16, 2012 11:45 pm

This thread is getting away from it's true purpose. Which is talking about how cool Polk was. Man that guy was cool.
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Re: who was the greatest american president

Postby BigBallinStalin on Tue Apr 17, 2012 7:53 am

Whoa, did you say "Polk?" That guy is awesome!
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Re: who was the greatest american president

Postby Baron Von PWN on Tue Apr 17, 2012 12:22 pm

BigBallinStalin wrote:Whoa, did you say "Polk?" That guy is awesome!


That's more like it!
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Re: who was the greatest american president

Postby JJM on Mon Apr 23, 2012 7:07 pm

Phatscotty wrote:Reagan #2?

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That is interesting. I think that he belongs very high but not at #2.
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Re: who was the greatest american president

Postby notyou2 on Mon Apr 23, 2012 8:16 pm

J-J-J-Jim, where ya been man?
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Re: who was the greatest american president

Postby JJM on Mon Apr 23, 2012 10:56 pm

I left a period of Time. I have been back for about a month.
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Re: who was the greatest american president

Postby Baron Von PWN on Mon Apr 23, 2012 11:52 pm

This discussion is disturbingly lacking in references to how awesome Polk was.
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Re: who was the greatest american president

Postby BigBallinStalin on Tue Apr 24, 2012 12:15 am

MOtherfuckin' Polk is the MAN!
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Re: who was the greatest american president

Postby Baron Von PWN on Tue Apr 24, 2012 4:47 am

It's a shame people can't change their votes. I suspect my very convincing lobbying would have swayed many people to vote Polk.
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