All Comments

  • Posted by term2 9 years, 2 months ago in reply to this comment.
    I downloaded the executive order from FDR issues aprim 5,1933 that says "all persons are required to deliver before may 1, 1933 all Gold Coin, Gold Bullion, and Gold Certificates now owned by them to A Federal Reserve Bank, branch or agency...."

    Criminal penalties for violation of executive order $10,000 fine or 10 years imprisonment, or both, as provided in section 9 of this order"

    This came from the actual order on that date. Check it out. It was very disturbing, but exactly the thing our government will do when the dollar gets devalued here.
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 2 months ago in reply to this comment.
    A second one that can be solved locally is one candidate races such as for judges that do not offer a yes or no or a none of the above and therefore require only one vote to win.
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 2 months ago in reply to this comment.
    This underscores my constant objections to referencing without references. Thanks for stepping into the all too wide breach. I'm of the mind it's a lack of understanding of objectivism that produces these uncited, unsourced statements. To the point even the valid discussion are in my mind - ignored as brilliance dazzling baffling BS. so..even if the link doesn't work thanks for trying look at your points.
    Reply | Permalink  
  • Posted by term2 9 years, 2 months ago in reply to this comment.
    It requires you turn on your good for which he paid a fraction of what it was worth. Then he devalued the dollars he gave you by nearly half. You didn't have the option of keeping the gold. That means to me confiscation. They will do it again
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 2 months ago in reply to this comment.
    Read the same sex stuff lately. that's 18 states yes the rest no and the supreme court ruled it is now the law in all states.....gotta keep up up with the times Mike....your looking at the old rules...
    Reply | Permalink  
  • Posted by $ MikeMarotta 9 years, 2 months ago
    Here is a link to a PDF of the law:
    https://www.revisor.mn.gov/laws/?year...

    The burdens are on the sellers, not the buyers. They must register, pay fees, and pay a surety bond to the state.

    Moreover, as I pointed out in another discussion, the law also applies, for example, to the rate "silver center cents" of the early Federal republic. Only 12 of these rare pattern coins are known. They contain about 6 cents of silver today, and sell for about half a million dollars to any collector who wants one.
    http://coins.ha.com/itm/patterns/1792...
    Reply | Permalink  
  • Posted by $ MikeMarotta 9 years, 2 months ago in reply to this comment.
    Ignore the uninformed comments from others. Read the law for yourself.
    https://www.revisor.mn.gov/laws/?year...

    It requires that dealers post a surety bond, among other things. The burden is on sellers, not buyers; and on retail sellers, not wholesale, etc., etc.

    The point is that this is a producers' strike. The sellers are fighting the law by complying with it completely and fully.
    Reply | Permalink  
  • Posted by richrobinson 9 years, 2 months ago in reply to this comment.
    Good point. This new law will also cause new problems that the government will need to "solve". As you say, an old story.
    Reply | Permalink  
  • Posted by $ MikeMarotta 9 years, 2 months ago in reply to this comment.
    That was the real intent. The unintended consequences of the law are another matter. Instead of just applying existing laws (common law, for that matter), they created a new and onerous law. It is an old story.
    Reply | Permalink  
  • Posted by $ MikeMarotta 9 years, 2 months ago in reply to this comment.
    You can buy gold in Minnesota. You just have to go to a licensed dealer. The law regulates dealers, not consumers. The dealer has to give you a full run down on the value of the precious metal you are buying.

    As for why you did not know about it... Well, in Hitchhiker's Guide the Galaxy Arthur Dent was dismayed to find a bulldozer outside his home -- but it had been a City Council agenda item for two years. He just never went to council meetings.

    As I said above, the numismatic community knew about it from the first, and could not stop it. That community includes the Industry Group for Tangible Assets (ICTA). They could not stop it, either.
    Reply | Permalink  
  • Posted by $ MikeMarotta 9 years, 2 months ago in reply to this comment.
    This does not restrict interstate commerce any more than any law in any one state would. Sales tax and mail order is an easy example. A thousand years ago, when I first got married, the law was 21 years of age for both without parental consent. Like many others, we just drove to a different state and got married there. However, Ohio law also said that if you do that, you are not legally married in Ohio. Tons of other examples exist.

    Your theory would invalidate every local or state law, or make them all federal laws...
    Reply | Permalink  
  • Posted by CircuitGuy 9 years, 2 months ago in reply to this comment.
    "Fighting unrealities such as this only validates the people behind them"
    Why do you call them unrealities? You're saying it is legal to sell to MN residents, but some dealers choose not to b/c of MN's onerous regulations. IANAL, but it just seems like a MN resident travelling to another state should not be affected by MN law in a way that restricts commerce. I can see the other side, though, that MN law could apply to its residents outside the state, causing some not to do trades with them.
    Reply | Permalink  
  • Posted by $ MikeMarotta 9 years, 2 months ago in reply to this comment.
    Fighting unrealities such as this only validates the people behind them: you grant them a sanction by admitting that their process is legitimate.

    This can be defeated by complying with it, completely and consistently. Minnesota will contract in precious metals sales while states such as Michigan (among others) that do not impede commerce in this product will prosper from increases in trade and commerce.

    Have you read Atlas Shrugged (as opposed to only having seen the movies)?
    Reply | Permalink  
  • Posted by $ allosaur 9 years, 2 months ago in reply to this comment.
    I did not mention my other quarter. My maternal grandfather looked like a tall Frenchman mostly due to his nose. My mother once said he wasn't 100% French, though. Don't know the what else.
    His ancestors were the French Canadians that the Brits kicked out of Arcadia. Many followed the Mississippi to become Cajuns.
    My grandfather's ancestors headed to the northeast. Go east, young ousted Frenchie!
    Grandpa was a postmaster in New Jersey and lived with Irish Grandma in an apartment above a downtown liquor store.
    When visiting as a Massachusetts born Alabama kid, I liked to go higher up a hallway of stairs and look around town from a flat topped roof.
    Geese at a nearby reservoir were terrifying for territorial.
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 2 months ago in reply to this comment.
    To be honest me great grandfather was Norwegian and his wife was a Swede. Me grandfather was half and half and his wife was Norwegian and German and Swedish Finnish.

    On me mums side they were Norman English out of Normandy with the 1066 invasion out of Norway on the one side. Norwegian English out of the long ships but that side goes back to pre 1000. A bit of this and a bit of that i'm sure with some Saxon and Celt One odd bit of the family tree comes from Ukraine with a mix of Swedes and descendants of the Horde but it's a slender strand.

    Like most from Europe there is a great deal of mix....and as my sister pointed out most of us are descended from some form of royalty as ...they got the food and the medicine and the peasants fought on the ground with little armor.

    But for ufta purposes I do the Son of Norway bit. Drives the swedes half crazy but then they are closer to the Finnish Line...

    The Scandanavians to be all inclusive did spread a bit of blonde and red haired pollen around the continent. Ireland a good example who hosted another influence from those who survived the sinking of the Armada thus Blonde/Red hair Irish with freckles and the Black Irish....with Mediterranean genes.

    Easier that way ..... so the proper word would be Mongrel-American not Mongol. As for diversity? I'm North American....and that's enough for me.
    Reply | Permalink  
  • Posted by $ allosaur 9 years, 2 months ago in reply to this comment.
    I'll buy that.
    Er, whoa. No, I won't. Don't like that part beyond wenching.
    Hopefully, this half Swede descendant of a turn of the 20th Century immigrant (along with an Irish quarter genetically gifted to me by my mom's mama) won't get wenched in the good ole' USA.
    After all, one and a half sets of my grandparents came here to avoid getting wenched in the Old World.
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 2 months ago in reply to this comment.
    Some play in the rivers when a horse would have doen the same thing, some cross hitherto unexplored oceans. And some pretend to discover something that was already there. In order... Norwegians, Irish, Portuguese, Italians working for the Spanish etc. So much for Giovanni Come Lately. The Swedes were more into wenching...now they are getting wenched in return.
    Reply | Permalink  
  • Posted by $ allosaur 9 years, 2 months ago in reply to this comment.
    Oh, yeah, so you know something I didn't. So freakin' what? Those Norwegians still ain't so hot. Even though they hogged the glory during the Viking age.
    Swedish vikings actually took control of all the Russian and whatever else rivers that ran down to the Mediterranean..
    Ever see the 13th Warrior? That Muslim wrote Eaters Of The Dead after he got mixed up with what had to be very brave and heroic as all heck 12 Swedish vikings. I read it back in the 60s when it was called an autobiographical work..
    Michael Crichton slapped the title, The 13th Warrior on it and passed it off as his own work during the 90s That Muslim character in the movie was still telling that story from his own perspective.
    I bought that Crichton book too before the movie came out. And I was saying, "Hey, I read this before a long while back."
    So I know what I'm nyah nyah nyah talking about. Guess there ain't no copyright protection for something medieval.
    Reply | Permalink  
  • Posted by $ jdg 9 years, 2 months ago in reply to this comment.
    Any court where the charge is brought should simply strike down the law as violating the dormant interstate commerce clause. If a repeal effort is even necessary then the judge needs to lose his job, too.
    Reply | Permalink  

  • Comment hidden. Undo