Title: Bank Fraud in 10 minutes Source:
YouTube URL Source:http://www.youtube.com/watch?v=NZO9Io3PSmk Published:Feb 2, 2013 Author:goshenhomestead Post Date:2013-02-27 13:07:32 by GreyLmist Keywords:Bank Fraud, Republic Broadcasting Network, Datum Line, Bruce G. McCarthy Views:173 Comments:4
goshenhomestead: Just to let you all know, Bruce is going to have a special airing 2hr. radio show this Wednesday on 2/27/13 at republic broadcasting's website at 5 pm EST. He is considering taking phone calls on the air. Be sure to tune in.
Trade dollar - definition of Trade dollar by the Free Online Dictionary, Thesaurus and Encyclopedia
a silver coin formerly made at the United States mint, intended for export, and not legal tender at home. It contained 378 grains of silver and 42 grains of alloy.
The trade dollar was a United States dollar coin minted to compete with other large silver coins that were already popular in East Asia. The idea first came about in the 1860s, when the price of silver began to decline due to increased mining efforts in the western United States. A bill providing in part for the issuance of the trade dollar was eventually put before Congress, where it was approved and later signed into law as the Coinage Act of 1873. The act made trade dollars legal tender up to five dollars. A number of designs were considered for the trade dollar, and an obverse and reverse created by William Barber were selected.
the numismatic and bullion value of any trade dollar far exceeds its face value of one dollar.[10]
Many Trade dollars have what are called "chop marks" on them. Chinese merchants would stamp the coins, thus guaranteeing weight and fineness and, also, advertising their businesses.[3]
Collectors are warned that recently a large number of U.S. Trade dollars have been forged in China made with base metal. Careful testing or purchasing from known dealers or buying sealed and certified coins may be necessary to avoid these fakes.[4]
Trade dollars did not circulate in the United States initially, but were legal tender for up to $5.
Things changed, however, in 1876, when the price of silver spiraled downward as western producers dumped silver on the market, making the trade dollar worth more at face value than its silver content. That resulted in trade dollars pouring back into the United States, as they were bought for as little as the equivalent of 80 US cents in Asia, and were then spent at $1 in the United States. This prompted Congress to revoke their legal tender status, and restrict their coinage to exportation demand only. However, this didn't stop unscrupulous persons from buying trade dollars at bullion value, and using them for payment as $1 to unsuspecting workers and merchants.
Production of the trade dollar was officially halted for business strikes in 1878, and thereafter from 1879–1885, produced only as proof examples of the coin. The issues of 1884 and 1885 were produced surreptitiously, and were unknown to the collecting public until 1908.
March 1851 Congress authorized the coinage of a debased three-cent piece of silver, sometimes called the trime, whose intrinsic value was low enough that it would not be bought up to be melted by bullion dealers.
On November 1, 1873, Secretary of the Treasury Richardson directed the Sub-Treasury to pay out the long accumulated subsidiary silver coins to the government creditors in amounts of not more than $5 to any one person. However, it was soon learned that these instructions were premature and were revoked. Apparently, all records concerning how many coins were paid out were suppressed or destroyed; thus, there is no way of knowing the amounts involved.
In 1949, the United States desired to send silver trade coins to Chiang Kai-Shek and the Republic of China. [sic] Thus, in 1949 the San Francisco Mint produced 2,000,000 silver "trade dollars."
The Trade Dollar Remonetized (1965)
A little known fact is that the Coinage Act of July 23, 1965, which provided for the production of clad coins, contained this wording (Section 102; italics ours): "All coins and currencies of the United States (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations), regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues."
Under this act, it seems that trade dollars were given the legal tender status that had been taken away in 1876, although probably no one in Congress was aware of the implication! Similarly, as the 1884 and 1885 trade dollars are now legal tender as are, it would seem, all pattern coins.
For more than 28 years IMS has dedicated itself to building the IMS Barter ecosystem. We have steadily grown the network through expansion and acquisition and know what it takes to ensure the long-term stability of a trade network. Our experience and expertise guarantees that trade dollars earned will retain their value.
As long as you remain a member, your trade dollars never expire, never lose value or buying power.
Edited for capitalization, spacing and to shorten the excerpt re: Chiang Kai-Shek .
For more than 28 years IMS has dedicated itself to building the IMS Barter ecosystem. We have steadily grown the network through expansion and acquisition and know what it takes to ensure the long-term stability of a trade network. Our experience and expertise guarantees that trade dollars earned will retain their value.
As long as you remain a member, your trade dollars never expire, never lose value or buying power.
More on Barter Trade Exchange currency and credit:
VANTAGE BARTER also has the capability to extend credit to members in good standing with the exchange on an individual business basis based upon the ability to pay back the credit with items or services that the other members are willing to purchase. The more desirable an item, and the more a business can offer of that item, the more credit that can be extended. The credit can then be used by your business in purchasing a needed item, say a floor buffer. This is then paid back to your account as you trade (sell) your products, let’s say for example, a wedding rehearsal dinner at your restaurant for another local member. Just call and request a credit line increase if the need arises. VANTAGE BARTER will accommodate your business as best as possible, without the need for you to go through a lengthy and detailed analysis of your cash receipts and expenses by your traditional cash based bank.
Earning trade or barter dollars through any barter exchange is considered taxable income, just as if your product or service was sold for cash. As in any business, there are expenses to credit against your income. For more information, you can click on the IRS link at the bottom of the page.
When we look deeper into barter deals, we are able to obviously note the huge difference between direct barterand exchange barter. In return barter, you may use your capacity, inventory or excess time to trade for goods and services you need. For such deals, you don’t need money as long as you are part of a barter group with other businesses. Here, each business earns trade dollars or barter dollars which can be employed for the exchange of the things you want. On the other hand, direct barter means to swap the service or product for the service of your seller.
Barter bucks can be useful when you have to make some purchases inside the issuing barter exchange, or within other exchanges with similar agreements. When we compare the value of barter greenback with the US greenback, one barter dollar equals one United States’ buck.
Credit is also possible to a degree for credit worthy clients, who have to spend before they have amassed barter bucks. The credit could be paid back later with their goods and services.
We are able to say that what our ancestors used to do once, we do the same in a wider form using the advance technology with barter dollar as the currency.