tag:blogger.com,1999:blog-73901045013752042382024-03-14T01:38:01.205-04:00The E. C. Riegel BlogDavid Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.comBlogger510125tag:blogger.com,1999:blog-7390104501375204238.post-81289097430878892632021-05-06T21:28:00.006-04:002021-05-07T00:07:57.592-04:00#57.22: Perspective - Conversation about Monetary Reform<p style="margin-bottom: 0in; text-align: center;"></p><p style="margin-bottom: 0in; text-align: left;"><span face="Trebuchet MS, sans-serif"><b>It
is the purpose of the future to be dangerous, what some call
interesting times. Whether what's playing are the prophecies of Holy
Writ or planned deliberate dystonias as fantasies of whom we have
wasted space on this blog discussing only the apparent facades, will
not concern this piece. </b></span>
</p><p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>We
will instead center on the remarks of an associate we'll call Dennis.
I don't know him personally at all, but I have been following him
for some time and we share a similar outlook on a wide variety of
issues. He has been interested in monetary reform for as long as
I've followed him. His remarks will be in blue, mine in black.</b></span></p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">The
current model of banking and currency is based on the Bank of England
model, founded in 1694. Benjamin Franklin stated that the main reason
for the American Revolutionary War was the insistence by George III
that the American colonies accept Bank of England banknotes, which
were issued as promissory notes, rather than use the increasingly
successful American fiat script, issued by the colonies in the
CORRECT quantity and not bearing debt!</span> </b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>Colonial
notes were certainly a form of debt instruments. I've seen them in
the collection of one of my mentors. Each colony had public works
that it would fund through these notes. The amount had strictly to
do with the prices for materials and labor listed in contracts which
would be retired as soon as a project was completed. Each colony
taxed back these scripts and paid down the longer term debt
instruments with them. Many roads, canals, ports, wharves, jails,
customs houses, public buildings, schools, libraries, armories, etc.
were constructed in this way and goods and services moved throughout
the colonies by use of these paper notes. </b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>But
even while this took care of a large swathe of commercial traffic,
some items – usually slaves and livestock - could only be procured
using coins made of precious metals and before 1825 more than 90% of
the coins circulating within the British colonies were made of silver
and the most common of the circulating silver coins were the Spanish
dollars (pieces of eight) that were about 75% of a present day 1
troy oz silver bullion coin, in fact they were 371.25 grains of
silver = .7734375 of a troy oz. This exact weight was fixed by
Congress in 1792 as the first official United States dollar. These
were minted by the US Treasury and drove the Spanish dollars out of
circulation. </b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>Colonial
monetary issue was based on contracts. Contract law was still in its
infancy back then but the Bank of England goes back to 1694. William
III (House of Orange with connections to the bankers in Holland) was
the king from 1689 to 1702 or around 14 years. The bank was just
getting going, financing trade between the continent and what would
eventually be the unified power of Great Britain (England and
Scotland combined) under William's successor, Anne. The European
drama included a war and the ascension of the Hanoverian dynasty, all
of which demanded more silver. Increasingly the British colonies in
America were expected to supply it. But the central bank was behind
everything right from the beginning including the founding and
expansion of the various trading monopolies, which at the time dealt
in weapons, commodities (contraband and drugs) and people (slaves)
around particular trading triangles, etc. This is the real history
that needs to be taught to the young coming up. They have to get the
sense of the importance of moving things and people around within
countries even more than among countries or around the world. Huge
swathes of the population just take everything for granted.</b></span></p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>As
we discuss further, I'd draw particular attention to one critical
portion of all of this; <u>organization</u>. These people were
organized. I can't stress this enough. For any who think seriously
about monetary reform, it is useless and unsound to consider
piggybacking any improvement on their organization, because we
suppose it to be either more practical, advanced, adaptable,
essential or necessary to the endeavor than any we might put together
ourselves. </b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>To
put it bluntly, as I have done countless times before, since none of
the money in existence fundamentally belongs to we the people, we
have no business trying to do anything using anything including
organizations that belongs to them. Ultimately this proposal is to
be able to have something so that we can <u>renounce</u> them and
move on with our lives. We will decide what the new normal will be,
not them and we will have our own money that we actually own, to back
up the FORCE of our will and our claims.<br /><br />I also remind the
readers here that Riegel himself attempted the same thing or at least
drew the roughest sketches of the proposed organization based on
their organization models and offices. Riegel never saw what we can
see clearly; that the great divide that has always existed has been
between those who own and issue the money and the rest of humanity.
<br /><br />We either decide henceforth to organize to have our own money
or we admit that we are monetary slaves to THEM and prepare for what
THEY have always said THEY would ultimately do to us. THEY want most
of us dead. So this is a serious proposal that really could get a
lot more attention than it has received to date. There are the usual
town criers out there prophesying doom. Do you know how many do that
down through time? Many make a reasonably good living doing it. I'm
not even suggesting that they are wrong for doing what they're doing.
At the very least they tell us what our enemies are up to, whether
their plots succeed or not. But this blog's proposal places a higher
value on the skills, drives, wills and purposes of real people, not
those puffed up by their own visions of self importance. As we said
a long time ago, when it gets close to the top one is dealing with
essentially a bunch of usually very old and of course very rich
ruthless babies. Oh they're dangerous to be sure, but essentially
ruthless babies is what they become. <br /><br />Dennis marches right
into it. </b></span>
</p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span style="color: #280099;"><span face="Trebuchet MS, sans-serif"><b>We
must be prepared for a new monetary system, an honest one, when our
present debt-based banking cartel collapses. Kindly read and critique
this proposed Constitutional Amendment. But first, a little
background...</b></span></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>Students,
what has Dennis already done? Where is he taking this discussion?
What did I just say about organization? What did Dennis miss about
all of the present money? Why does that impossible to ignore reality
matter? But no, we are truly going to follow Dennis' discussion,
because there are a lot of people who need to look squarely at what
Dennis proposes, because they would agree with most of it. </b></span>
</p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span style="color: #280099;"><span face="Trebuchet MS, sans-serif"><b>From
"The Truth in Money Book" by Theodore R. Thorsen and
Richard F Warner:</b></span></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span style="color: #280099;"><span face="Trebuchet MS, sans-serif"><b>QUOTE
Someone had to borrow at usury to bring that money [checkbook
balances, bills and coins] into existence. The money goes out of
existence as the usury and the debt principal are paid back to the
bank. These amounts are huge: several billion dollars go out of
existence each day. [Actually this money goes into the reserve
accounts of the Federal Reserve Banks, out of the hands of the
public! This book was first printed in November 1980. The amounts
which are withdrawn presently are much larger.] If the money is not
replaced with new loans, a shortage occurs. Soon individuals and
businesses experience serious cash flow problems. These result in
more and more loan applications to banks---the only place where money
is being created to replenish the supply" UNQUOTE</b></span></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>All
right. Let's examine things accordingly. In the United States we
have a central bank, the Federal Reserve. It's name is on all
American paper money. What are those tokens? They are paper tokens
of a monetary system which ultimately resides on accounts. The paper
tokens do not represent all the money, but they do allow buyers and
sellers to deal with one another anonymously, which is why cash is
king. <br /><br />But anyway it says on all that paper money that the
tokens are <u>notes</u>, which are BY DEFINITION (which means you
can't argue your way around this) <u>short term debt instruments</u>
of the Federal Reserve – usually to circulate no longer than seven
years. No matter how anyone chooses to cut it, none of it belongs to
you or me. It all says right on it that it belongs to the Federal
Reserve. But it was called into existence by being borrowed from the
Federal Reserve, which issued the money based on bonds traded to them
by the said corporation (after 1871) of THE UNITED STATES OF AMERICA,
again not you or I. So we have literally no say in any of this. But
let's continue what Dennis proposes. It's an amendment to the US
Constitution;</b></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span style="color: #280099;"><span face="Trebuchet MS, sans-serif"><b>Here
is one possible solution----To Hell with Fractional-Reserve
Debt-Based Banking Constitutional Amendment</b></span></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">(1)
[a] Rescind the Federal Reserve Act of 1913 and</span> <br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>So
in the absence of a central bank would be the US treasury department.
<br /><br /><span style="color: #280099;">[b] rename existing Federal Reserve
notes and check book balances, in all U.S. banking and
credit-creating institutions as well as foreign holdings of dollars,
on a 1-to-1 basis, as U.S. Treasury Dollars and
U.S.Treasury-Denominated bank balances.</span><br /><br />Would be easy
enough to do but printing and replacing one set of notes with another
still costs something.<br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">[c]
All currently existing financial contracts of the Federal Reserve
Banking System, including United States Treasury Bills, Notes, Bonds,
and Inflation-Protected Securities, remain in effect.</span><br /><br />Nebulous,
especially the municipal bond markets. They were supposed to be
inflation proof, but took a beating during the various popped
economic bubbles. Right now, all the banks participate in these
markets, from the central bank all the way down to the smallest local
banks. Taking the trust and placing it in the hands of government
bureaucrats supposedly more accountable to the people hasn't worked
very well, has it? I think what Dennis has in mind here are that
upon acceptance of the amendment, any existing contracts of the
present Federal Reserve would be taken over by the US Treasury
department. But the Treasury is going to do essentially what any
bank does; hire a Wall Street firm to handle equities and debt as
portions of an investment portfolio and from thence to operate
business. <br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">(2)
[a] Henceforward, ex nihilo credit creation by banking and financial
institutions in the United States is prohibited. Loans are required
to originate from previous savings of U.S. Treasury Dollars and U.S.
Treasury-Denominated bank balances, which for each loan are held in
and paid from specific sequestered loan accounts by the various
financial institutions, with interest charges and term limits for
each loan to be determined solely by the contracting parties.</span>
<br /><br />Ex nihilo is out of nothing. From an accounting standpoint,
Dennis wants all the lending institutions to lend only money that
they have, sometimes called 100% reserve lending. There's just this
little problem. The lending institutions lend money they don't have
all the time. Yes, it's due to very old concepts that go back into
ancient times. They lend what doesn't belong to them, but what their
customers have banked with them may not require to be paid out while
someone else might be using it. We have eliminated this problem in
our proposal by suggesting that funds for prudent lending are or
would be available if they came from the WILL of certain members with
the issuance capabilities in excess of present needs and contracted
with certain business that would spring up to make loans to maintain
certain kinds of business. But there is something more to consider
here. <br /><br />If a government is the first buyer in any economy,
it is the first issuer of the money it spends, but it has nothing
with which to back that money because it has nothing to sell back to
society that anyone wouldn't rather buy from a private source for all
kinds of practical reasons.<br /> </b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>Governments
produce nothing but they do provide useful services that do back any
payment for them. The chief reason and responsibility for any state
is to uphold the law. Governments provide for the armed forces that
prevent attacks from would be enemy invaders and law enforcement to
uphold the rule of law and order without which commerce and
relatively free markets are impossible. Yes, one could have no law
and order and commerce by monopolies and various kinds of public
disorder and dysfunction maintained by private criminal gangs.
That's essentially what people on the political extremes advocate;
anarchists, libertarians, etc. And not much changes in the present
financial world to discourage any of this as a social trend. Why?
Because even if said government issues the money, none of us had
anything to do with it. It's still not our money. Prices for things
we might need and however much money we happen to have at the time of
sale pretty much determine whether we will decide to buy whatever
anyone is out there selling.<br /><br /><span style="color: #280099;">[b]
Non-cash reserves held in the regional Federal Reserve Banks in
accounts of the member institutions of the Federal Reserve System no
longer form the basis for credit creation and are extinguished via
accounting erasure. </span><br /><br />Notice that these balances are
assumed to be accruals from the practice of usury, which Dennis
certainly understands as the demand of rent for money from money that
was never issued in the first place, so a great deal of money departs
the general money supply as interest. This happens to be true from
the central bank all the way down through the banking system. Each
bank is sucking money out of the general money supply so what this
practice produces is a money supply that no matter how huge it may
become is insufficient to pay back all debts. <br /><br />From an
accounting standpoint, we have always viewed usury as theft and
advocated a return to renting money by paying the rent up front cost
from already existing funds. Compounding of rent for money deserves
to be outlawed as another swindle. But <u>we can only assume to do
any of these things outside of anything that belongs to them</u>
including their peculiar arrangement with our governments. Real
monetary reform must understand the fundamental of <u>member
ownership of any money that would be indisputably ours</u>. So
Dennis essentially proposes to bankrupt the banks by erasing their
credit. Right. As we've said money does reside on accounts. But
this isn't going to happen. Again, we are expecting to reform
something that doesn't belong to us. How does that change your
perception of what needs to be done?<br /><br /><span style="color: #280099;">[c]
Any further payments of principal and interest on currently-existing
promissory notes owned by any bank are required to be distributed to
holders of savings accounts and checking accounts in that bank in a
manner to be determined by each bank, such procedures to be
transparent to savings or checking account holders at that bank in
terms of amount and frequency of payment. Regional Federal Reserve
Banks continue to provide check-clearing operations for the member
banks.</span><br /><br />All right, so his proposal is to redistribute
the grifted claims of the banks among depositors probably based on
some proportion of cash assets on account basis. OK. Again, it wont
happen because they own the system and you have only consented to use
their system based on issues of monopoly and convenience, never
knowing or expecting the obvious, that the actual money itself
whether represented as pieces of paper in actual notes or as digits
on computer screens representing accounts, none of it belongs to you.
So you are a slave and how can you expect to direct the people who
own it on how to run it more honestly? According to who? But let's
go on. <br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">(3)
[a] Monetary transactions of the regional Federal Reserve banks or of
its member banks with international banks, including the Bank of
International Settlements and the International Monetary Fund, can
not include ex nihilo credit creation.</span><br /><br />Oh, it's mostly
created based on bonds, promises to pay that are driven by taxes.
Somehow I never understood how anyone could miss the connection
between central banking and income taxes. Most people who say that
governments are the only legitimate issuers of money, like Bill Still
for example, who still imagines that Washington DC is the citadel of
world freedom, never get the importance of governments having nothing
legitimate to sell to anyone, therefore they must take by FORCE what
they require through taxes. If they don't get it through direct
taxation, indirect taxation through inflation does just as well.
<br /><br />As a dutiful slave, you are required to use their money,
which depreciates in purchasing power by the week, so you'd better
spend it on some appreciating asset soon because savings are useless
when appreciation of assets is what propels most people from rags to
riches (and simple reverse economic osmosis often brings the same
from riches back to rags again). So even with so much money being
generated, what we observe is that money disappears and brings
economic calamity with it. And just how does most money disappear?
Dennis has seen one way which is by usury. But there's one glaring
us right in the eyes everywhere; through depreciation of assets, not
even usury can match the amount of money lost as the brand new
depreciates in price every time it changes hands until whatever it is
becomes worthless or nearly so or only sells for scrap.<br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">(4)
The U.S. Treasury supplies Treasury Dollars as needed to any member
bank of the Federal Reserve system to satisfy demands for cash by
deposit and savings account holders in excess of cash reserves held
by banks at the time of enactment of this amendment.</span><br /><br />How
long does that last? We have had stimulus packages galore and
usually with the promise that eventually they wouldn't need to keep
doing it. Then came a certain medical emergency and the government
was paying us directly just to keep the economy and the fabric of
society from coming apart. Will any of this ever end? What is our
solution? Organization! If no one is interested enough to organize,
not to agitate government but <u>to create our own monetary system</u>,
then expect slavery to continue. Businesses would organize an
alternative means of doing business using the proposal described on
this blog; using Valuns. They would begin to understand ways of
doing business outside of their system using their money to pay for
those things that must be paid in their money – taxes - and develop
other stores of purchasing power in the proposed international
standard value units or Valuns. <br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">(5)
[a] Fund the U.S. government and its agencies and projects directly
via Treasury Dollars authorized by the Congress in its yearly federal
budget.</span> <br /><br />Right. This can never work because the
government cannot tax back all the money it spends without crashing
the economy. What's wrong? Two things. First, the government does
not have the right of first purchase in any economy, even if
according to the present monetary order, they exercise this right.
Sure, plenty in this world is stolen, usually rights, obligations,
freedoms and WILL [fiat]. No, sorry, governments don't have the
right of first purchase. YOU DO. Natural economies to scale grow
according to matters of BARTER as well as supply and demand. <br /><br />One
of the most erroneous concepts presented by standard economics,
itself mostly bogus, is that which claims that transactions using
money do not involve barter. Riegel had this one correct; <u>the
exact basis for money was and is as a vehicle to split barter among
traders</u>. The government produces nothing with which to barter
for what it requires therefore it deserves no special economic
consideration. <br /><br />Second, since the government is necessary as
we have said to uphold law and order, the money it requires must come
from somewhere. It must be borrowed from someone. So the second
issue is from whom must the government borrow money and under what
terms? Obviously since we consider the proposed Valun a whole lot
more sound than any government STOLEN FROM US fiat money, we
eventually see government borrowing money directly from the voters
and taxpayers who would be borrowing from a new set of financial
institutions that would change their accounting and structure to
support the realities of each natural person being the only
legitimate issuers of any money, that taxes demanded in our own money
will face open conflict unless we ourselves control the government,
not the other way around. <br /><br />We are currently faced by an
opposition to really about 97% of the human race who sees their
continued rule – yes they are in power already, they are driving
the car of international affairs and all the money out there
including precious metals and cryptocurrencies belongs to them, not
you of I. So accordingly, they have decided they don't need any of
this any longer so they'll proceed with their genocidal intentions
via technology. We'll see whether it works or not.<br /><br />Our
proposal has far more congruence with the organic Constitution and
Bill of Rights of the United States than any other monetary reform
proposal. Those who presume to govern us by having us obey them had
best consider what would happen if they were no longer able to get
their hands on whatever money they wanted and have the taxpayers
cough it up later as has always been the result of the present
arrangement of things. <br /><br /><span style="color: #280099;">[b] The
borrowing of money from the Federal Reserve system of banks or from
other institutions or individuals to pay for federal government
expenditures is prohibited.</span> <br /><br />Of course. You would
abolish it. But money certainly would need to be borrowed from
someone. We don't mind the bond issues which must be paid back over
time, but we would mind a ruinous tax regime as a result. Remember,
taxes are the first expense of every successful business. The higher
the taxes, the higher the prices must go no matter what the supply
happens to be. The squeeze comes when a business recognizes that
certain things have made it too expensive to continue in business,
like taxes. Certain laws are deliberately passed to encourage or
dissuade various kinds of business. All such laws are essentially
unconstitutional at least at the Federal level. Each state can and
will determine for itself among its own state legislatures what to
encourage and what to discourage based on the views and sentiments of
voters and taxpayers in each state. <br /><br /><span style="color: #280099;">[c]
All outstanding Treasury Securities are henceforward redeemed on
demand via payment with U.S. Treasury Dollars.</span><br /><br />I
suppose that private banks would handle this business as they did
before the Federal Reserve was enacted. Without the central bank, we
might see a return to the National Bank system where each bank at
this first rung level would transact business directly with the US
Treasury and all the rest of the banks would see a trickle down
economics as a result. Economies would begin to look the way they
did under the robber barons of the late 19<sup>th</sup> century.
What would be under all of that? The precious metals markets of
course. What of cryptocurrencies? They are uniformly ex nihilo buy
and hold limited commodities. Did you or I issue any of them? No.
So are they intrinsically ours? No. <br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">(6)
[a] Abolish the Federal Income Tax on individuals, corporations, and
business enterprises while maintaining a social security tax on
individual incomes.</span> <br /><br />All right, so we have two ideas
here. First the taxing of labor. I don't care how much anyone
thinks that any income taxes are moral, because they aren't. Taxing
the incentive to work is among the lowest, most stupid ideas invented
by governments and the bankers who lend them their money. <br /><br />Second
we have something that is expected to substitute for something
everyone needs to do for themselves. What did people do before
Social Security?<br /><br />So first a little background. In ancient
times, yes going back about 4,000 years by our reckoning, families
used to have cashes of money in the form of precious metals and
especially of items made of precious metals and they would appoint
stewards to look after these cashes. The cashes were increased by
what they called tithes, which were not paid out of the usual income
streams from the family business, but only from any excess windfalls
that would from time to time accrue. Legal terms developed to
describe these cashes as <u>trusts</u>. Hence family trusts. If
some member of the family had some serious needs, they could be paid
out of the family cashes. The stewards would be notified and act
accordingly. These days we would say that every natural person
involved with any money deserves to consider the importance of a
trust, whether shared with others or not.<br /><br />So secondly Dennis
identifies the idea of a public trust for each taxpayer. This blog's
proposal certainly takes Social Security and all other pensions
seriously and offers members the right and privilege of issuing
Valuns up to the same value awarded by Social Security or other
pensions combined and referred to as a member's WILL [fiat]. If a
member has become able to receive payments in their money in Social
Security or some other union or private pension, they are able to
issue the same value in Valuns and they may accumulate Valuns to
issue over time and the proposal allows past pension payments to
determine how many Valuns a member may have to issue as a direct
extension of the member's WILL [fiat]. This privilege extends back
to the inception of the Valun in November of 2011.<br /><br />For to us,
the issuance of money by fiat was never an issue, because we weren't
having to uphold the phony scarcity ideas that help make the present
system grind along, on fear and greed, because the scarcity of
resources, time, effort, everything is what drives it all. To us,
all their money was illegitimate to begin with and STOLEN FIAT FROM
US upon issue. To us, the contention wasn't ever about fiat issue vs
some STUPID idea about “sound money” which is some monopoly
controlled scare commodity masquerading as something more valuable
than paper to represent a barter transaction.<br /> </b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>Again:
Where does money reside? On <u>accounts</u>. What did Gresham's law
prove? That money tokens representing the same value on paper would
drive out of circulation all tokens made of metal. So we don't give
a tinker's damn about the money tokens having any intrinsic value.
That's just another of our enemies' peculiar superstitions to try and
convince us that the tokens are all that matters and we can forget
about the accounting.<br /><br />Fine then, trade with precious metals is
determined by people you and I don't know, who trade the stuff –
real or imagined – and each day determine what an ounce of it will
purchase in the other brands of their money. In 2020 gold made a
climb to a new high in Federal Reserve dollars and this blog captured
its significance for enlarging the purchasing power of the proposed
international standard value unit or Valun. It's new low is $2.59.
Lately the proposed Valun has been around $3.00. Since last August,
an ounce of gold has lost around $200 in purchasing power for no good
reason except that the people who own the mines, mints and markets
for it say so. It's NOT your money!</b></span></p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">[b]
Social security retirement revenues are strictly sequestered in
Federal Government Retirement Accounts held by the U.S. Treasury and
managed by the Social Security Administration. The Sixteenth
Amendment to the U.S. Constitution is hereby rescinded and the
Internal Revenue Service disbanded.</span><br /><br />All right, but
since we are guaranteed inflation because the basis of the issuance
of the money is all wrong, placing whatever sums with the US Treasury
for any safe keeping is also a preposterous and ludicrous idea. If I
were interested in increasing my <u>trust</u>'s value, I'd want to be
able to have someone take prudent risks to reinvest the trust's funds
to achieve as much from the normal rent of money; capitalism. Who
would rent trust fund money? Businesses and governments would. But
there's no private enterprise organization behind getting any of this
off the ground and so far nothing proposed is anything better than
shining up what amounts to a pile of turds. Here's some more.<br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">(7)
[a] Institute a federal sales tax with a varying yearly tax rate
adjusted by the U.S. Congress in session, the sole aim of such
adjustments being to maintain a stable or decreasing Consumer Price
Index based on data collected by the Federal Government. </span><br /><br />OK,
so we are supposed to grant to the government the further right to
tinker with the economy, to attempt to guarantee the impossible, and
to do it without the requirements of special knowledge of particular
fields and industries, etc which are usually beyond the knowledge,
scope or ability to care of even the most moral public bureaucrat.
Ah, no I don't think so. This is why we have futures markets which
really do accomplish the same thing. Could we dispense with these
too? If you don't solve the illegitimacy of the money issuance, you
certainly wouldn't be able to devise anything better and certainl
not leaving it for more bureaucrats.</b></span></p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b><span style="color: #280099;">[b]
Any such federal sales taxes taken in by the Federal Government are
extinguished from the currency supply to keep the Consumer Price
Index stable or decreasing and are not utilized for further funding.</span>
<br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>Believe
it or not, the one class of economics jerks who would approve of
these ideas are the Keynesians. They always imagine that it is one
of government's unique economic functions to adjust averages, prices,
supply and demand and they have even advocated government
extinguishing of money to do it. Government policies and spending
are always or usually involved with such schemes to make certain
expenditures seem more attractive and others less so. One reason NOT
do allow any governments to do this is that obviously this opens up
the corridors of government to fill up with grifters and grafters.
Consider all the various kinds of nonsense governments have been
faced with to come up with more astoundingly expensive schemes which
are supposed to guarantee things which are as Riegel said, as though
they thought they could determine the orbits of the planets. So,
no.<br /><br /><span style="color: #280099;">(8) Clause 1: Article 1, Section 8
of the U.S. Constitution is amended to read as follows: The Congress
shall have Power to collect customs duties on imports and exports,
uniformly applied throughout the United States</span>.<br /></b></span>
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>Dennis
is apparently referring to the clauses within this vast section.
Since this is important, we consider it necessary to post here what
this passage in the US Constitution curretly says (Article 1 Section
8 divided by clauses):</b></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[1]
The Congress shall have Power To lay and collect Taxes, Duties,
Imposts and Excises, to pay the Debts and provide for the common
Defense and general Welfare of the United States; but all Duties,
Imposts and Excises shall be uniform throughout the United States;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[2]
To borrow Money on the credit of the United States;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[3]
To regulate Commerce with foreign Nations, and among the several
States, and with the Indian Tribes;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[4]
To establish an uniform Rule of Naturalization, and uniform Laws on
the subject of Bankruptcies throughout the United States;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[5]
To coin Money, regulate the Value thereof, and of foreign Coin, and
fix the Standard of Weights and Measures;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[6]
To provide for the Punishment of counterfeiting the Securities and
current Coin of the United States;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[7]
To establish Post Offices and post Roads;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[8]
To promote the Progress of Science and useful Arts, by securing for
limited Times to Authors and Inventors the exclusive Right to their
respective Writings and Discoveries;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[9]
To constitute Tribunals inferior to the supreme Court;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[10]
To define and punish Piracies and Felonies committed on the high
Seas, and Offenses against the Law of Nations;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[11]
To declare War, grant Letters of Marque and Reprisal, and make Rules
concerning Captures on Land and Water;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[12]
To raise and support Armies, but no Appropriation of Money to that
Use shall be for a longer Term than two Years;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[13]
To provide and maintain a Navy;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[14]
To make Rules for the Government and Regulation of the land and naval
Forces;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[15]
To provide for calling forth the Militia to execute the Laws of the
Union, suppress Insurrections and repel Invasions;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[16]
To provide for organizing, arming, and disciplining, the Militia, and
for governing such Part of them as may be employed in the Service of
the United States, reserving to the States respectively, the
Appointment of the Officers, and the Authority of training the
Militia according to the discipline prescribed by Congress;</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[17]
To exercise exclusive Legislation in all Cases whatsoever, over such
District (not exceeding ten Miles square) as may, by Cession of
particular States, and the Acceptance of Congress, become the Seat of
the Government of the United States, and to exercise like Authority
over all Places purchased by the Consent of the Legislature of the
State in which the Same shall be, for the Erection of Forts,
Magazines, Arsenals, dock-Yards, and other needful Buildings;-And</b></span></span></p>
<p style="margin-bottom: 0in;"><span style="color: #666666;"><span face="Trebuchet MS, sans-serif"><b>[18]
To make all Laws which shall be necessary and proper for carrying
into Execution the foregoing Powers, and all other Powers vested by
this Constitution in the Government of the United States, or in any
Department or Officer thereof.</b></span></span></p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>We
think it a good idea from time to time to reflect on the actual
powers currently granted to the American Federal legislature. Refer
to these as the discussion concludes.</b></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span style="color: #280099;"><span face="Trebuchet MS, sans-serif"><b>(9)
Clause 2, Article 1, Section 8 of the U. S. Constitution is
rescinded.</b></span></span></p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>Borrowing
money on the credit of the United States would be prohibited. This
would probably crash the foreign markets in all US securities
beginning with US treasuries.<br /><br /><span style="color: #280099;">(10) The
adoption of this amendment does not prohibit the use by the citizens
of the United States of any alternative currencies they should choose
to use in their private or commercial transactions, provided both
parties to the transaction agree to the medium of exchange.</span><br /><br />There's
actually little prohibiting it at the Federal level at the moment.
It's all with each state and their banking and finance departments,
whatever bonds are floated for this or that venture, public works or
improvements.</b></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>So
to wrap this one up, none of the issues having to do with monetary
reform have anything to do with any attempts to reform what is
essentially a living nightmare that will certainly pass away sooner
or later, though we caution anyone to assume that any of the current
town criers has any crystal ball adequate to foretell the exact
moment of the present order going to pieces. This proposal requires
interest and organization from many groups of people especially as we
have said, beginning with military veterans, law enforcement and
their respective mothers and grandmothers. We have decided not to go
video on any of this because ultimately we will require people to
read, write and count and passively reclining while this is being
read to you doesn't really cut it. What did we say money was for?
To substitute for your barter. So to begin with, that means the time
you spend away from doing anything else in order to earn barter.
Getting it yet? Read more of this blog and please copy and spread
any and all of it far and wide to as many people as you can. Until
next time.</b></span></p>
<p style="margin-bottom: 0in;">
</p>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>David
Burton</b></span></p><span face="Trebuchet MS, sans-serif"><b><a href="mailto:dpbmss@mail.com">dpbmss@mail.com</a>
</b></span>
<p style="margin-bottom: 0in;"><span face="Trebuchet MS, sans-serif"><b>PS:
Students. While we're here do any of you remember which clause in
this part of the American Constitution that E. C. Riegel found
unfortunate? It was clause 5, not the whole thing, just one
particular. It was to regulate the value of said minted coins. We
know how it is done now. People who control the ownership of the
mines and a few private mints operate based on values set up by
private trading organizations operating in foreign countries, chiefly
in London but elsewhere too. The relationships among these
commodities; precious metals and stolen fiat currencies as well as
cryptocurrencies all rely on these markets. What this proposal
advocates is to allow them to go ahead and run their own system. We
will determine based on our own rules how to determine the relative
value of our money compared to theirs and the rules are in accordance
with Riegel's main observations and further contributions to the
observation of money, what it is, what it does and how it
accomplishes these things. So far so good. Over the lifespan of the
proposed Valun, since 2011, it has increased in average purchasing
power from a low of $2.16 to nearly $3.00 today and according to the rules, a Valun once it reaches a new inception point, never goes back to an earlier one. So, since we are thinking in terms of contracts, and some of these are to be retroactive all the way back to the first Valun inception, the Valun gets heavier and heavier over time. Best </b></span>
</p>
David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-14703133321052850002020-09-30T17:13:00.010-04:002020-10-04T11:07:04.217-04:00#0: Meet John Doe - 1941 movie - Barbara Stanwyck, Gary Cooper, etc. <div class="separator" style="margin-left: 40px;"><p style="margin-left: 1em; margin-right: 1em; text-align: left;"> <img alt="" class="style-scope yt-img-shadow" height="224" id="img" src="https://i.ytimg.com/vi/Wf_CB2RRWzk/hqdefault.jpg?sqp=-oaymwEjCPYBEIoBSFryq4qpAxUIARUAAAAAGAElAADIQj0AgKJDeAE=&rs=AOn4CLBy5QyxHnq-xAF1QzAAkABZDumHZA" width="400" />
</p></div><div style="font-weight: normal; margin-bottom: 0in; text-align: left;"><b><span face="Trebuchet MS, sans-serif">Once
in a while, an old movie comes along and tells a story that has a
tremendous message for people of these times. <a href="https://www.youtube.com/watch?v=H4J0dCKZcJI&t=10s" target="_blank">Meet John Doe</a> is one
such movie. It's characters are similar to many we see today;
journalists who are out for nothing more than as much money as they
can get paid, a media that is capable of shaping public opinion, deep
state operators working from behind the scenes to use political
movements for their own purposes. Watch this one with today's news
in mind. You get to see the remarkable performances of Barbara
Stanwyck, Gary Cooper and Walter Brennan. BTW, take a look at the
life and career of the real <a href="https://en.wikipedia.org/wiki/Barbara_Stanwyck" target="_blank">Barbara Stanwyck</a>. Yes, she fell for Ayn
Rand too. We have covered who the real John Galts are in society,
the pillars of society who know how things work, whose work benefits
all of us. We have also noted those who are John Doe and Jane Doe in
society, the common people of the general public who work hard and
long to make things work. This proposal is aimed straight at all of
them. </span></b></div><div style="font-weight: normal; margin-bottom: 0in; text-align: left;"><b><span face="Trebuchet MS, sans-serif"> </span></b></div><div style="font-weight: normal; margin-bottom: 0in; text-align: left;"><b><span face="Trebuchet MS, sans-serif">For those who might think that I have this website running on
automatic and am not actively promoting it as best I can, just look
at how the hypothetical value of the proposed international standard
value unit or Valun changes. None of that is automatic. I put all
those numbers in on a regular basis. You will hear plenty of offers
to acquire bitcoin, gold, silver, etc. ALL of that belongs to THEM.
The money in your wallet belongs to THEM and if ever THEY want it
back, THEY have sufficient power to call back all of it. The so
called six thousand year history of gold as money is a story of
SLAVERY to THEM! It's a way to look backwards and see that the
ruling classes, who usually contribute NOTHING of value to society
have used precious metals, hey all of THEIR money, including the
STOLEN FIAT varieties, to enslave the world in debt to THEM.
Understood? This is about FREE PRIVATE ENTERPRISE for ALL as the
only way out from under THEM and out on our own. Be aware and be
safe. Best. </span></b>
</div>
David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-78274836872865072362020-08-10T04:15:00.007-04:002020-10-16T11:35:57.193-04:00#0: BOMBSHELL: This is EXACTLY WHY Silver & Gold Will EXPLODE Many Multiples HIGHER!! - SGTreport<div style="text-align: center;">
<span style="font-size: large;"><b><span style="font-size: x-small;"><span face=""trebuchet ms" , sans-serif"><img alt="" class="style-scope yt-img-shadow" height="224" id="img" src="https://i.ytimg.com/vi/EPfPrDFuyxM/hqdefault.jpg?sqp=-oaymwEjCPYBEIoBSFryq4qpAxUIARUAAAAAGAElAADIQj0AgKJDeAE=&rs=AOn4CLBA9RAowwnnr7TPv6muuXxeOdbojg" width="400" /> </span></span></b></span></div>
<div style="text-align: center;">
<b><span face=""trebuchet ms" , sans-serif"><span style="font-size: large;"><br />BOMBSHELL: <a href="https://www.youtube.com/watch?v=EPfPrDFuyxM">This is EXACTLY WHY Silver & Gold Will EXPLODE</a> Many Multiples HIGHER!! - SGTreport</span></span></b></div><p>
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;">[10/16/20: ATTENTION LADIES AND GENTLEMEN. An instance of infamy that I will leave up here anyway. It was never YOU Tube. It was always THEM Tube. Just as THEIR money is never really your money. The report referenced here is no longer available because the OWNERS of the platform have decided to censor the contents and deliberately block any site THEY determine, for whatever reasons. THEY are not interested in truth, THEY would prefer that you accept THEIR lies. So be it. I have not checked, but there may indeed be many other articles referenced by this blog which are no longer available for the same reasons. All THEY have done is to prove THEIR deceit, conceit and fraud and it will catch up to THEM. Perhaps this channel, the SGT Report, will return, perhaps not. This is war by other means, a war to the death; THEIRS. We easily make the prediction that these actions will result in the demise of YOUTube, Facebook and possibly even Google. Be seeing you.] <br /></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span></p><p><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;">Now ladies and gentlemen, this is a really well done report about <span face=""trebuchet ms" , sans-serif">news</span> that is of interest to anyone who is serious about the subject of money. What would students of this blog notice immediately about their reporting? <u>They assume that THEIR money is our money</u>! THAT is where they begin to <span face=""trebuchet ms" , sans-serif">be misled</span>. The reporters, fine and expert as they sure are, haven't tried to consider the present monetary order as an outsider would<span face=""trebuchet ms" , sans-serif">; as o</span>ne who has been inside and has seen the flaws, etc. <span face=""trebuchet ms" , sans-serif">So</span> what can we learn from their report?<br /><br />Well how about this? Have any of you heard of hypothecation? <span class="ILfuVd NA6bn"><span class="hgKElc"><b>Hypothecation</b>
occurs when an asset is pledged as collateral to secure a loan, without
giving up title, possession, or ownership rights, such as income
generated by the asset. However, the lender can seize the asset, if the
terms of the agreement are not met. </span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span class="ILfuVd NA6bn"><span class="hgKElc">Sound dodgy? You bet. <span face=""trebuchet ms" , sans-serif">Yet</span> this practice was at the root of all the great bubbles down through history, including all the most recent ones. They were and are used to raise money and they sure do, but often as not, the underlying asset value collapses, because deflation is actually more frequent and problematic than inflation and lots of other basic observable facts that one never hears discussed by economists of any of THEIR dialectic; either Keynes and his followers or the so called Austrians and theirs. Someone like E. C. Riegel is <span face=""trebuchet ms" , sans-serif">distinguished for being one among a few down through time who have seen straight through THEIR schemes<span face=""trebuchet ms" , sans-serif">.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span class="ILfuVd NA6bn"><span class="hgKElc"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">So as far as we are concerned in the proposed Valun exchange network of <span face=""trebuchet ms" , sans-serif">independent exchange communities, <u>all hypothecation schemes will be against our rules</u> and anyone found practicing them will be <span face=""trebuchet ms" , sans-serif">cast out, probably forever. This could result in your loss of real value too, because there is no right to approximate in THEIR money what is represented in ours - we can't ever give you dollars for our Valuns. If we could do that, we'd be a money laundry. OK? This is going to be a <span face=""trebuchet ms" , sans-serif">PRIVATE enterprise business, so all who contract with us will have to abide by our rules. </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span class="ILfuVd NA6bn"><span class="hgKElc"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">You see, there's a lot more to money than what the circulating tokens happen to be made of. THAT - the so called intrinsic value of money - is among <span face=""trebuchet ms" , sans-serif">THEIR</span> oldest scams <span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">throughout</span></span> human history and its proponents constantly LIE about the origins and history of so called gold or silver backed money to perpetuate the scam. Check what's usually stamped onto most coins; pictures of potentates or insignias of states. <u>THEY own it, not you</u>. You j<span face=""trebuchet ms" , sans-serif">u</span>st get to use it, or rather <span face=""trebuchet ms" , sans-serif">your local government FORCES you to use it because you have to pay taxes using it.</span> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span class="ILfuVd NA6bn"><span class="hgKElc"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">As we have said, you can go back to ancient times, like ancient Babylon, and of all the cuneiform tablets they find, made of <span face=""trebuchet ms" , sans-serif">baked clay, most are accounting slips for transactions that identify certain people or accounts. MONEY IS IN THE ACCOUNTS AS WELL AS THE TOKENS USED. THEY would certainly prefer most people didn't know that, but it's true. <br /><br />Is it easy to cheat at accounting to steal money? Are you serious? It's been going on since forever and the chief engine of that sort is USURY, the rent for money from money that was never issued, so it isn't on any of THEIR books. USURY demands that everybody using <span face=""trebuchet ms" , sans-serif">whichever</span> brand of THEIR money, compete in that economy to get their hands on enough of the extra money needed to pay off <span face=""trebuchet ms" , sans-serif">the interest. A musical chairs economy is guaranteed as not everyone can be in business because there isn't enough money. The money for all the principal created exists, or does until depreciation of assets sets in, but the money for the interest never is. People have to compete against each other for it! Our proposal eliminates all of this. To find out how, do more reading of articles on this blog.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span class="ILfuVd NA6bn"><span class="hgKElc"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">The death of money in depreciation of assets disproves standard commodity <span face=""trebuchet ms" , sans-serif">theory of money and casts doubt on the soundness of ALL THEIR brands of economics. </span>What happens when assets depreciate and you can't sell them for what you bought them for? The difference between what you originally paid and what you must sell the item for <span face=""trebuchet ms" , sans-serif">disappears from your account and is gone forever. Depreciation of assets is LITERALLY the death of all money, because it directly affects the accounting for money and <u>THE ACCOUNT BOOKS, in whatever form, is where all the money </u><span face=""trebuchet ms" , sans-serif"><u>actually resides</u>.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span class="ILfuVd NA6bn"><span class="hgKElc"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">Right now, the proposed international standard Value <span face=""trebuchet ms" , sans-serif">unit is increasing in value against the US dollar and actually against the precious metals as well, because once a new larger piece of purchasing power is <span face=""trebuchet ms" , sans-serif">accepted</span> as the initial inception value, to represent the Valun, that piece of purchasing power cannot be diminished at all, ever<span face=""trebuchet ms" , sans-serif">!</span> That's a new concept to some, but that's how you DEFEAT all commodity based money once and for all - and secure growth in purchasing power for our money - and avoid all the overtly intentional motivations of economists and all others in THEIR financial community to scam <span face=""trebuchet ms" , sans-serif">THEIR</span> customers, <span face=""trebuchet ms" , sans-serif">beginning</span> with governments.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span class="ILfuVd NA6bn"><span class="hgKElc"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">Read Riegel and then ask why we should have ever allowed any of our governments to have the right of first purchase of anything. We should not have, but we didn't know any better now, did we? Sure, stack that silver and gold if you feel like it, but THEY can take it from you at any time by FORCE and for whatever they decide to give you in trade. How do I know that? Because it has happened many times before and proves that <u>all precious metals belong to THEM, not to you and me</u>. </span> </span></span> </span> </span> </span> </span> </span></span></span></span> </span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;">So remember about hypothecation. <span face=""trebuchet ms" , sans-serif">It's</span> where you take an amount of something of presumed value - an asset which could be a business - and turn it into shares of ownership in the a<span face=""trebuchet ms" , sans-serif">sset</span> and sell them for money. Yes, <span face=""trebuchet ms" , sans-serif">hypothecation</span> is a means of raising money. It is also widely used in the securities business, whether you are dealing in equities or debt. <span face=""trebuchet ms" , sans-serif">Hypothecation</span> is used in <span face=""trebuchet ms" , sans-serif">"taking public" any business, though we hear secularization<span face=""trebuchet ms" , sans-serif"> or syndication or some other term used.</span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">There's something better than all of THEIR money and a lot more honest and worth pursuing than ANYTHING of THEIRS. <u>Your first lesson in observation when it comes to money is to recogniz<span face=""trebuchet ms" , sans-serif">e</span> what does belong to you and what doesn't</u>. If you are required to use something that you don't believe in, like for instance a Federal Reserve dollar, then the only reason you are using it is because you agreed? No, you had no say in it a<span face=""trebuchet ms" , sans-serif">t all. Try telling your boss that you'd prefer to be paid in silver instead of dollars and see how well that goes. No, you didn't choose. So why pretend that something that belongs to someone else actually belongs to you? Free range slavery is what we have right now everywhere. Wake up! Recognize your gifts, what YOU can accomplish by yourself or with others, and THAT's all the "gold" you ever need. Look into this proposal. Consider how it works and how you would set yourself up using it. <span face=""trebuchet ms" , sans-serif">COPY AND DISTRIBUTE PAPERS FROM THIS BLOG WIDELY TO ANYONE WHO HONESTLY PRIZES FREE<span face=""trebuchet ms" , sans-serif">DOM. It's going to be time for serious action to bring this proposal into being fairly soon.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span><br />
<br />
<span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="font-size: small;"><span face=""trebuchet ms" , sans-serif"><b><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span style="color: red;"><span style="color: black;"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif"><span face=""trebuchet ms" , sans-serif">Best</span></span></span> </span></span></span></span></span></span></span></span></span></span></span></span></span></b></span></span></span></b></span></span></p>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-43293470935866270862020-08-06T20:45:00.004-04:002020-09-23T22:57:12.177-04:00#0: TWENTY-SECOND VALUN INCEPTION POINT REACHED<div style="margin-bottom: 0in; text-align: center;">
<span face=""trebuchet ms" , sans-serif"><span style="font-size: xx-small;"><b><span style="font-size: large;"><span style="color: red;"><span face=""trebuchet ms" , sans-serif"><b> </b></span></span></span></b></span></span></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><img alt="PNG image showing the price of gold over the last 6 months. This chart will change with the price of gold and will be updated by goldprice.org" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_6_month_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr><tr><td class="tr-caption" style="text-align: center;"><b>PNG
image showing the price of gold over the last 6 months. This chart will
change with the price of gold and will be updated by goldprice.org</b></td></tr></tbody></table><div style="margin-bottom: 0in; text-align: center;"><span face=""trebuchet ms" , sans-serif"><span style="font-size: xx-small;"><b><span style="font-size: large;"><span style="color: red;"><span face=""trebuchet ms" , sans-serif"><b> Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.55 to $2.59</b></span></span></span>
</b></span></span></div>
<div style="text-align: center;">
<b><span face=""trebuchet ms" , sans-serif"></span></b></div>
<br />
<span style="font-size: small;"><b><span face=""trebuchet ms" , sans-serif"><span style="color: red;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></span></b></span><br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<div style="margin-bottom: 0in;">
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>On
<u>6 August, 2020</u>, the price of gold closed above the close on 5
August, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 21<sup>st</sup></b></span><span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b> inception
period have now been raised 4 cents American to $2.59. Henceforth,
no Valun will ever trade for anything less in US dollars.</b></span><span face=""trebuchet ms" , sans-serif"><span style="font-size: medium;"><b> </b></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>A
word about what the proposed Valun is. The proposed international
standard value unit is like a unit of measurement, like an inch, a
mile, a cubic centimeter, a fluid liter, an astronomical unit. The
Valun measures value in a barter transaction; trade, for any and all
goods and services, serving as the medium of exchange. </b></span>
</div>
</div>
<div style="margin-bottom: 0in;">
<br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>Since
the Valun is a unit of purchasing power rather than the total of all
Valuns that could be in existence or all Valuns that could be
circulating as money, there is no speculation involved after the
inception is determined by THEIR speculations. At THEIR whim, in all
practical circumstances, THEY control the exchange rates and values
in all exchanges involving THEIR brands of money. We simply choose
the largest unit of purchasing power among gold and US dollars based
on THEIR speculations. Except that ours go up and never come down.
There wont be any depreciation of the purchasing power of the Valun.
Never.</b></span><br />
<br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>We're seeing the Half Valun, the<span face=""trebuchet ms" , sans-serif"> most</span> likely to
circulate fraction of a Valun at $1.30 now. It will never be lower,
ever. Why? Because once an inception is accepted, and another would
have to be higher still, then when the prices of precious metals
falls – oh yes they can – then the present value of the Valun in
gold becomes more, actually increasing as the price of gold falls, as
we say up to it's impossible height of twice inception in dollars.
So, no matter, the Valun is always going to be up from here; it will
get heavier, harder, will purchase more, will be taxed along with its
value in THEIR money; dollars. </b></span>
<br />
<br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>Hyperinflation?
In the USA within the next six quarters? Maybe, but the last time
we had that was the Carter administration and we all know what
happened after that. It doesn't matter. We will follow the course
of history as well as we can.</b></span><span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b> </b></span><br />
<br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>Briefly
recounting past inception points:</b></span></div>
<br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>26
July, 2020 – Fourteenth inception – V1 = $2.39</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>27
July, 2020 – Fifteenth inception – V1 = $2.43</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>28
July, 2020 – Sixteenth inception – V1 = $2.45</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>29
July, 2020 – Seventeenth inception – V1 = $2.46</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>31
July, 2020 – Eighteenth inception – V1 = $2.47</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>2
August, 2020 – Nineteenth inception – V1 = $2.48</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>4
August, 2020 – Twentieth inception – V1 = $2.53</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>5
August, 2020 – Twenty-first inception – V1 = $2.55</b></span><br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>6
August, 2020 – Twenty-second inception – V1 = $2.59 </b></span>
<br />
<br />
<span face=""trebuchet ms" , sans-serif" style="font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-28086698480364582592020-08-05T19:31:00.001-04:002020-08-06T12:03:39.350-04:00#0: TWENTY-FIRST VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b>PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.org</b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="font-size: large;"><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b> </b></span></span></span></b></span></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="font-size: large;"><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.53 to $2.55</b></span></span></span>
</b></span></span></div>
<div style="text-align: center;">
<b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></div>
<br />
<span style="font-size: small;"><b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="color: red;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></span></b></span><br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>On
<u>5 August, 2020</u>, the price of gold closed above the close on 4
August, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 20<sup>th</sup> inception period have now been raised 2 cents
American to $2.55. Henceforth, no Valun will ever trade for anything
less in US dollars. The new potential high, never can be reached
unless gold becomes worthless, is $5.10. This upper limit is always
equivalent to two Valuns <u>at inception</u>. </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>The
only centralizing piece of the proposal is for an International Valun
Exchange Society – IVES – to post what the current exchange rate
is for the Valun in gold, silver, US dollars, Canadian or Australian
dollars, Euros, Russian rubles, Mexican pesos, etc. This is not all
that IVES would be entrusted to do. We compute the exchanges between
gold, silver and US dollars on most trading days. We include Sunday
nights when the market reopens and take the highest trading points
reached before Monday to make our determinations. A real IVES would
be spotting what all these brands of THEIR money are doing and would
report them perhaps in real time. Right now, we are relying on the
COMEX / GLOBEX closes in New York for most of our determinations.
Once an inception is chosen, we take the present value of it or
accept a newer inception, always higher than the previous one. And
once that piece of purchasing power is adopted, nothing smaller will
ever be accepted. The Valun will NOT be arbitrarily devalued by ANY of
THEIR brands of money. </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 –
Second inception – V1 = $2.17</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22 </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>26
July, 2020 – Fourteenth inception – V1 = $2.39</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>27
July, 2020 – Fifteenth inception – V1 = $2.43</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>28
July, 2020 – Sixteenth inception – V1 = $2.45</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
July, 2020 – Seventeenth inception – V1 = $2.46</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>31
July, 2020 – Eighteenth inception – V1 = $2.47 </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
August, 2020 – Nineteenth inception – V1 = $2.48</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>4
August, 2020 – Twentieth inception – V1 = $2.53</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>5
August, 2020 – Twenty-first inception – V1 = $2.55</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></div>
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-26498728311845158092020-08-04T19:29:00.001-04:002020-08-17T21:33:47.064-04:00#0: TWENTIETH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b>PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.org</b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: x-small;"><b><span style="font-size: large;"><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b> </b></span></span></span></b></span></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: x-small;"><b><span style="font-size: large;"><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.48 to $2.53</b></span></span></span>
</b></span></span></div>
<div style="text-align: center;">
<b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></div>
<br />
<span style="font-size: small;"><b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="color: red;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></span></b></span><br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>On
<u>4 August, 2020</u>, the price of gold closed above the close on 2
August, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 19<sup>th</sup> inception period have now been raised 5 cents
American to $2.53. Henceforth, no Valun will ever trade for anything
less in US dollars. The new potential high, never can be reached
unless gold becomes worthless, is $5.06. </b></span>
</div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>We
already said that when the spot price for gold reaches $2,000 we
would have our solution, and the Valun would emerge as among the
hardest currencies on earth. How do you measure that? In exchange
for all other <span style="font-family: "trebuchet ms" , sans-serif;">of</span> THEIR brands of money and for things of real value;
goods and services. It seems quite likely that we will see more
Valun inceptions. Then again, for THEIR reasons, we may be seeing
the summit that gold will never reach again. We don't know, but the
rules we have set forth in this blog support the actions taken in
this experiment. All it requires is enough people to organize to
proclaim its acceptance and then our own money becomes a closer
reality. </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>26
July, 2020 – Fourteenth inception – V1 = $2.39</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>27
July, 2020 – Fifteenth inception – V1 = $2.43</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>28
July, 2020 – Sixteenth inception – V1 = $2.45</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
July, 2020 – Seventeenth inception – V1 = $2.46</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>31
July, 2020 – Eighteenth inception – V1 = $2.47</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
August, 2020 – Nineteenth inception – V1 = $2.48</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>4
August, 2020 – Twentieth inception – V1 = $2.53</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span><br />
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-20622665782907823172020-08-02T20:23:00.004-04:002020-08-02T20:23:47.779-04:00#0: NINETEENTH VALUN INCEPTION POINT REACHED
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b>PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.org</b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b><span style="font-size: large;"><span><span style="color: red;"><span style="font-family: "trebuchet ms",sans-serif;"><b>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.47 to $2.48</b></span></span></span></span>
</b></span></span></div>
<div style="text-align: center;">
<b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></div>
<br />
<span style="font-size: small;"><span><b><span style="font-family: "trebuchet ms",sans-serif;"><span style="color: red;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></span></b></span></span><div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>On
<u>2 August, 2020</u>, the price of gold closed above the close on 31
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 18<sup>th</sup> inception period have now been raised 1 cent
American to $2.48. Henceforth, no Valun will ever trade for anything
less in US dollars. The new potential high, never can be reached
unless gold becomes worthless, is $4.96. Almost the $5 it will never
reach. </b></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Again,
we have no idea why or for what purpose THEY have decided to jack up
the prices of precious metals. But the Valun is designed as <u>a
piece of purchasing power</u>, not a commodity of anything.
Therefore, based on THEIR day to day trading in THEIR money, the
Valun surmounts the storm and <u>retains the purchasing power
attained</u>. You are encouraged to print these posts and distribute
them to those who would never get on the internet. This has got to
be a grass roots endeavor. </b></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>Briefly
recounting past inception points:</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 –
Second inception – V1 = $2.17</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22 </b></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>26
July, 2020 – Fourteenth inception – V1 = $2.39</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>27
July, 2020 – Fifteenth inception – V1 = $2.43</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>28
July, 2020 – Sixteenth inception – V1 = $2.45</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>29
July, 2020 – Seventeenth inception – V1 = $2.46</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>31
July, 2020 – Eighteenth inception – V1 = $2.47 </b></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>2
August, 2020 – Nineteenth inception – V1 = $2.48</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><br /></span></span>
</div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span><div style="margin-bottom: 0in;">
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></span></div>
<span style="font-family: "Trebuchet MS",sans-serif;"><span style="font-size: small;">
</span></span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-83540453858616779342020-07-31T19:50:00.002-04:002020-08-01T00:56:22.524-04:00#0: EIGHTEENTH VALUN INCEPTION POINT REACHED <table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b>PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.org</b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b> </b></span><span style="font-size: large;"><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.46 to $2.47</b></span></span></span></div>
<div style="text-align: center;">
<b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></div>
<br />
<span style="font-size: small;"><b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="color: red;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></span></b></span><br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>On
<u>31 July, 2020</u>, the price of gold closed above the close on 29
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 17<sup>th</sup> inception period have now been raised 1 cent
American to $2.47. Henceforth, no Valun will ever trade for anything
less in US dollars. The new potential high, never can be reached
unless gold becomes worthless, is $4.94.</b></span></div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>The
precious metals markets closed, and a newer larger piece of
purchasing power is assumed by the Valun. This is all exactly
according to the rules set forth in this blog's proposal. It
satisfies all present law concerning alternative currencies, that no
circulating token may be less than a dollar. Our proposed open
account ½ Valun V-Check now stands at $1.24. It started at $1.08 so
it has grown by 14.81% since April 9<sup>th</sup>. Under the rules
it can never be lower. This rule actually makes sense for those contemplating doing business using Valuns, because the smallest part of every sale is going to be the taxes, which must be paid in THEIR money. We want to get people used to the idea of two kinds of money, ours and THEIR<span style="font-family: "trebuchet ms" , sans-serif;">S</span>, and which kind gets used for what. </b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>I
encourage all readers with a genuine interest in this proposal to
make copies of any or all of the contents of this blog, make printed
copies and distribute them among your families and friends; anyone
honestly interested in freedom, free PRIVATE enterprise, the right
to express our will through the right to contract and the right to
issue our own money, free of debt to anyone. <span style="font-family: "trebuchet ms" , sans-serif;">A Valun based economy will not be based on the internet or rely on it, because as we have seen, the internet doesn't exactly belong to us either. Our message has been consistent; if you really want something different, it must u<span style="font-family: "trebuchet ms" , sans-serif;">ltimately<span style="font-family: "trebuchet ms" , sans-serif;"> </span>have as little to do with THEM as possible, </span></span>This proposal defeats
USURY, compound interest, fractional reserve lending, deposit
insurance, and many other concerns of average hard working honest
people everywhere. It is getting closer all the time for us to begin
organizing to make this proposal a reality.</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>26
July, 2020 – Fourteenth inception – V1 = $2.39</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>27
July, 2020 – Fifteenth inception – V1 = $2.43</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>28
July, 2020 – Sixteenth inception – V1 = $2.45</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
July, 2020 – Seventeenth inception – V1 = $2.46</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>31
July, 2020 – Eighteenth inception – V1 = $2.47</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span><br />
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-61818664859757621642020-07-29T22:09:00.005-04:002020-07-30T22:51:57.883-04:00#0: SEVENTEENTH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b>PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.org</b></td></tr>
</tbody></table>
<div style="text-align: center;">
<span style="font-size: large;"><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b> </b></span></span></span></div>
<div style="text-align: center;">
<span style="font-size: large;"><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.45 to $2.46</b></span></span></span></div>
<div style="text-align: center;">
<b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></div>
<br />
<span style="font-size: small;"><b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="color: red;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></span></b></span><br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>On
<u>29 July, 2020</u>, the price of gold closed above the close on 28
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 16<sup>th</sup> inception period have now been raised 1 cent
American to $2.46. Henceforth, no Valun will ever trade for anything
less in US dollars.</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Did the precious metals markets just hit their summit and <span style="font-family: "trebuchet ms" , sans-serif;">prices are headed down from here? Who knows except perhaps THEM. It's THEIRS not yours, remember that. That's the first lesson Riegel has to teach us, the absolute illegitimacy of THEIR money<span style="font-family: "trebuchet ms" , sans-serif;">. The second lesson is that all of THEIRS works the same way, a commodity in a monopoly position determining the prices in all other commodities. All commodities markets are driven by speculation, betting on whether the future price of a load of said <span style="font-family: "trebuchet ms" , sans-serif;">commodit<span style="font-family: "trebuchet ms" , sans-serif;">y</span> is going up or down. No producer has any control over that at all. AT ALL. They can participate in the markets by producing and selling into them, but the owners of the money determine the prices for everything else<span style="font-family: "trebuchet ms" , sans-serif;">. After all, the purpose of money as Riegel agreed, is to measure value in a trade, not to store value, unless the commodity used is participating in the trade; if you decide to pay in precious <span style="font-family: "trebuchet ms" , sans-serif;">metals, you <u>should</u> get a fundamentally lower price as measured in the de jour <span style="font-family: "trebuchet ms" , sans-serif;">currency </span>; US dollars. The same should <span style="font-family: "trebuchet ms" , sans-serif;">normally be true if cryptocurrencies are used; you should get a better price if you decide to deal in them rather than the de jour currency. So obviously both buyer and seller have to decide to trade using them. The same would be a requirement of participation in a Valun based parallel economy. </span> </span></span> </span> </span></span> </b></span></div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>26
July, 2020 – Fourteenth inception – V1 = $2.39</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>27
July, 2020 – Fifteenth inception – V1 = $2.43</b></span><br />
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>28
July, 2020 – Sixteenth inception – V1 = $2.45</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
July, 2020 – Seventeenth inception – V1 = $2.46</b></span></div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span><br />
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-56811585470329494182020-07-29T02:49:00.000-04:002020-07-29T22:25:06.829-04:00#0: World Bank and IMF Caught Demanding Lockdowns, Curfews In Exchange for Massive Loans<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; margin-left: 1em; margin-right: 1em;"><img alt="" class="style-scope yt-img-shadow" height="224" id="img" src="https://i.ytimg.com/vi/KIYlNu3O5wg/hqdefault.jpg?sqp=-oaymwEjCPYBEIoBSFryq4qpAxUIARUAAAAAGAElAADIQj0AgKJDeAE=&rs=AOn4CLDX1J7WqUonkKQq8fSa79zuZn0HRw" width="400" /> </span></div>
<span style="font-size: large;"><b></b></span><br />
<span style="font-size: large;"><b><span style="font-family: "trebuchet ms" , sans-serif;"><a href="https://www.youtube.com/watch?v=KIYlNu3O5wg" target="_blank">World Bank and IMF Caught</a> Demanding Lockdowns, Curfews In Exchange for Massive Loans</span></b></span><br />
<br />
<b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;">I have no idea how long this brief podflash may be available. Hear it while you can and put two and two together. </span></span></b><br />
<br />
<b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;">So whose money is it really? It says right on it to whom it belongs. Even if you happen to have an account at one of the institutions that issues brands of THEIR money<span style="font-family: "trebuchet ms" , sans-serif;">; a</span>re you a partner of such an organization? Are you in any way shape or form materially responsible for the issuance of any of that money? (Shhh. The accounts are where all the money resides anyway regardless of what the tokens are or what they're made of. Don't unduly annoy the "gold bugs" who imagine their dream of a gold backed money - which ARTIFICIALLY LIMITS MONEY SUPPLY - will put a stop to inflation). NO! It will drive the world down with deflation where those who have any of THEIR money after the collapse will be able to buy from people who have been wiped out of their life savings, etc. <br /><br />This story is actually huge. The country in question, Belarus, has a currency called the </span></span></b><b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><span class="vLqKYe" data-mid="/m/05c9_x" data-name="Belarusian Ruble">Belarusian Ruble. One of them is worth 41 cents American right now. I would expect to see this and many other currencies devalued and inflation to start to take off in these countries. What causes inflation? THEY tell you it's too much money chasing too few goods. But NOT ALL MONEY IS BID AGAINST ALL ITEMS AT ONCE. So this is NOT the complete answer.</span></span></span></b><br />
<br />
<b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><span class="vLqKYe" data-mid="/m/05c9_x" data-name="Belarusian Ruble">What <span style="font-family: "trebuchet ms" , sans-serif;">did</span> Riegel tell us? He said inflation was the result of watered down currency all right, except that the cause of the watering was the mixing of "backed" and "unbacked" money. What was "backed" in Riegel's view? Money that the government taxed back and re-spent as opposed to money that the government newly spent, which was "unbacked." So if all money were backed by a limited supply of gold, what would be the result? There would be a limit to how much money there would be at any instant. Who controls that? The owners of the monopoly awarded the task of "backing" the money; those who own the gold mines, the mints that press the coins and the markets where the price of gold is manipulated by speculators who are directly affiliated with the other owners of the money.</span></span></span></b><br />
<br />
<b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><span class="vLqKYe" data-mid="/m/05c9_x" data-name="Belarusian Ruble">What about depreciation of assets and the destruction of all money? What about the wearing away of metal coins? What happens when resale of depreciated assets causes money to fall off the account records? New money must come from somewhere <span style="font-family: "trebuchet ms" , sans-serif;">else</span> economies DIE! So THEIR economics, "sound money," all that are COMPLETELY WRONG aren't <span style="font-family: "trebuchet ms" , sans-serif;">they</span>? Of course, because real LEGITIMATE money must originate from a buyer wanting to buy something, willing to take back the money he issues by selling something back, and whatever that money buys "backs" it. Why are these SIMPLE ideas so hard to swallow? THEY want it to appear complicated, mostly to cover THEIR thefts<span style="font-family: "trebuchet ms" , sans-serif;">, b</span>ecause THEY actually own all the money, THEY let you hold onto some of it, but THEY could have THEIR best credit risk customers; governments FORCE everyone to pay THEM back THEIR money. You think not? It's happened before and will again. Then what? Are you still going to believe THEM? I gave that up a long time ago. THIS HERE is the only reasonable alternative and it's certainly worth your further study. Be seeing you </span></span></span></b>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-60601951233215459852020-07-28T21:29:00.002-04:002020-08-11T23:05:38.960-04:00#0: SIXTEENTH VALUN INCEPTION POINT REACHED<div class="separator">
</div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><span style="font-family: "trebuchet ms" , sans-serif;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></span></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-family: "trebuchet";"><span style="font-size: x-small;"><b>PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.org</b></span></span></span></td></tr>
</tbody></table>
<div style="text-align: center;">
<span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.43 to $2.45</span></b></span></span></div>
<div style="text-align: center;">
<b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b><br /></div>
<b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><span style="color: red;">NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.</span></span></span></b><br />
<b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><span style="color: red;"> </span></span><br />On <u>28 July, 2020</u>, the price of gold closed above the close on 27 July, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the brief 15th inception period have now been raised 2 cents American to $2.45. Henceforth, no Valun will ever trade for anything less in US dollars.<br /><br />We are seeing some signs that the rally may be taking a pause from its almost vertical movement over the last few days. But the upward trend could just as easily continue. We remind our readers that this proposal is squarely aimed at small businesses, at entrepreneurs, at sole proprietorships, partnerships, those who understand the difference between free PRIVATE enterprise and capitalism, at those just starting out as well as all retired people everywhere. We don't know what THEY will do except to keep up THEIR facades <span style="font-family: "trebuchet ms" , sans-serif;">for</span> as long as possible. Will THEIR money and institutions fail? They have before for the very same reasons because some of the most conceited are actually the most stupid, who trust myths and legends and concoct plenty of mad science, literally anything that can be patented as owned by THEM. But THEY would rather you continue to think that THEIR money is your money when it never was and never will be because none of us issued any of it. <br /> </span></b><br />
<b><span style="font-family: "trebuchet ms" , sans-serif;">Briefly recounting past inception points: <br /><br />2 November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 – Second inception – V1 = $2.17<br />14 April, 2020 – Third inception – V1 = $2.20<br />23 June, 2020 – Fourth inception – V1 = $2.21<br />29 June, 2020 – Fifth inception – V1 = $2.22<br />30 June, 2020 – Sixth inception – V1 = $2.23<br />7 July, 2020 – Seventh inception – V1 = $2.24<br />8 July, 2020 – Eighth inception – V1 = $2.26<br />20 July, 2020 – Ninth inception – V1 = $2.27<br />21 July, 2020 – Tenth inception – V1 = $2.30<br />22 July, 2020 – Eleventh inception – V1 = $2.34<br />23 July, 2020 – Twelfth inception – V1 = $2.36<br />24 July, 2020 – Thirteenth inception – V1 = $2.38<br />26 July, 2020 – Fourteenth inception – V1 = $2.39<br />27 July, 2020 – Fifteenth inception – V1 = $2.43<br />28 July, 2020 – Sixteenth inception – V1 = $2.45 <br /><br />It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.</span></b>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-68182008285049742512020-07-27T22:02:00.003-04:002020-07-27T22:02:27.083-04:00#0: FIFTEENTH VALUN INCEPTION POINT REACHED
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;"><span>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms",sans-serif;">39</span> to $2.43</span></span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b>
<span style="font-size: small;"><span><span style="color: red;"><b><span style="font-family: "trebuchet ms",sans-serif;"></span></b></span></span></span></b></span></div>
<span style="font-size: small;">
<span>
</span>
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><span><span style="font-family: "trebuchet ms",sans-serif;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms",sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>On
<u>27 July, 2020</u>, the price of gold closed above the close on 26
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 14<sup>th</sup> inception period have now been raised 4 cents
American to $2.43. Henceforth, no Valun will ever trade for anything
less in US dollars.</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>Welcome
to the highest point gold has traded in US dollars. We already see
that this is not the end of the current rally in precious metals, so
we anticipate more inceptions to follow. </b></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 –
Second inception – V1 = $2.17</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22 </b></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>26
July, 2020 – Fourteenth inception – V1 = $2.39</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>27
July, 2020 – Fifteenth inception – V1 = $2.43</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></div>
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-89185787373884113142020-07-26T20:38:00.002-04:002020-07-27T00:23:05.931-04:00#0: FOURTEENTH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;"> </span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">38</span> to $2.39</span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b>
<span style="font-size: x-small;"><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></div>
<span style="font-size: x-small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>On
<u>26 July, 2020</u>, the price of gold closed above the close on 24
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 13<sup>th</sup> inception period have now been raised 1 cent
American to $2.39. Henceforth, no Valun will ever trade for anything
less in US dollars.</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Sure,
it's a Sunday. There wasn't a market close today, but trading
resumes every Sunday night anyway and the market sent the prices of
gold above $1,915 an ounce and silver above $32 an ounce. Watch out
for the “gold bugs” and their “sound money” arguments. What
happens when there is no organized market, regardless of how crooked
it has always been? Nobody knows then exactly what an ounce of gold
or silver may bring in trade for something (whole barter) and those
who believe that such would be better are delusional. Riegel was
right; gold (and silver) may certainly be worth something. We're
just not quite sure just what. </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Yes,
corrupt markets reach corrupt results, but we may be witnessing the
death throws of these markets. Then what? You hear a lot about
inflation. But deflation is far more certain. Sure, you would then
have the potential of millions of tokens made of precious metals that
could function as money floating around in various states of wear and
who really knows what they're worth? A lot of people with more
IDEALISM than common sense play right into the hands of the bankers
and their oldest dialectic; either THEIR credit or THEIR gold. The
Valun would be something independent of THEM in case THEIRS fails,
because we would use the records we have of what the precious metals
were worth to move forward. Besides which, whether the circulating
tokens were silver or gold, money was always recorded in accounts
that belonged to some king, some price, some potentate with the power
to tax back the loaned money plus interest which would be money that
was never issued. How has that always worked? Who benefited?
</b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 –
Second inception – V1 = $2.17</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22 </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>26
July, 2020 – Fourteenth inception – V1 = $2.39</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></div>
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-20602317428754946552020-07-24T17:55:00.001-04:002020-07-24T17:55:02.505-04:00#0: THIRTEENTH VALUN INCEPTION POINT REACHED
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;"><span> </span></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;"><span>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms",sans-serif;">36</span> to $2.38</span></span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b>
<span style="font-size: small;"><span style="color: red;"><b><span style="font-family: "trebuchet ms",sans-serif;"></span></b></span></span></b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><span><span style="font-family: "trebuchet ms",sans-serif;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms",sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>On
<u>24 July, 2020</u>, the price of gold closed above the close on 23
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 12<sup>th</sup> inception period have now been raised 2 cents
American to $2.38. Henceforth, no Valun will ever trade for anything
less in US dollars. </b></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>So,
right now, we are near the top of gold's price in US dollars. Will
gold move higher? It's likely. Will we be ready for it? Of course.
What if gold gets to $2,000? Then our bid is $2,500 and the Valun
goes to $2.50 and never gets lower. What if gold reaches $3,000?
Then our bid is $3,750 and the Valun goes to $3.75. How about
$5,000? Our bid is $6,250 and the Valun goes to $6.25. From thence,
it would never exchange for less. And then should the price of gold
fall, the present value of that $6.25 is even higher since it takes
more gold to exchange for a Valun. Such it is.</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 –
Second inception – V1 = $2.17</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22 </b></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>24
July, 2020 – Thirteenth inception – V1 = $2.38</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></div>
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-84403603394273545682020-07-23T19:21:00.001-04:002020-07-24T11:49:22.243-04:00#0: TWELFTH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_10_year_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 10 years. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">34</span> to $2.36</span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b>
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>On
<u>23 July, 2020</u>, the price of gold closed above the close on 22
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 11<sup>th</sup> inception period have now been raised 2 cents
American to $2.36. Henceforth, no Valun will ever trade for anything
less in US dollars. </b></span>
</div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Let's
say that instead of all the inception points reached to date, we had
decided to go with the all time record price for gold<span style="font-family: "trebuchet ms" , sans-serif;">.</span> On 22 August,
2011, gold hit it's all time record price in US dollars. On that
date, gold hit a spot price of $1,917.90. Our bid price would have
been 25% higher at $2,367.38, which means we would expect to see
exchanges pay $2,367.38 for gold, and get at least an ounce of gold
bullion, which would then have backed 1,000 Valuns at that price.
The inception value of a Valun would have been $2.<span style="font-family: "trebuchet ms" , sans-serif;">37</span>. Notice that
we're <span style="font-family: "trebuchet ms" , sans-serif;">almost</span> there right now.</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>So
what are the advantages of doing it the way we did? Recall I
mentioned contracts that would extend back into time to first Valun
inception. These contracts, which affect how many Valuns certain
categories of A members would be able to issue, would reference any
time congruent within the range of the Valun, from first inception
right up to the present. The difference in doing it the way we have
is that these people would get a few more Valuns to issue and as we
are seeing, Valuns are increasing in purchasing power. </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Now,
all of this remains hypothetical because this proposal requires
<u>massive grass-roots organizing</u>. How many people have any idea
that anything like this might be possible? Very very few, and who
talks about it among friends? Are you kidding me? With masks and
social distancing disrupting society? How about all the meaningless,
irrelevant and clueless references to one of THEIR brands of
economics? More rubbish intended to prevent the simple from
ascertaining the reality of money, finance, work, wealth, income,
everything. </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>This
proposal is for free PRIVATE enterprise. In the process, it would
help eliminate poverty and eventually war itself. There is nothing
like it because an alternative monetary system that doesn't rely on
“commodity theories of money” and gaming to attain price
stability is outside THEIR purview. THEY place a reliance on
scarcity rather than seeing the world as abundant and capable of
satisfying the needs of billions of people. But stupid people merely
rely on something that never worked but might be relied upon to work
correctly in the future instead of thinking differently. Really?
Yeah. So, if this is you, don't bother critiquing anything on this
blog. It's not that I'm more than ready to counter what you say,
it's that I'd rather not even bother. Figure it our for yourself
then. Unfortunately, it is far easier to fool someone than to
convince one they have already been fooled. There will be an answer.
Let it be, at least for now. </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
July, 2020 – Twelfth inception – V1 = $2.36</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span><br />
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-12694978059132919302020-07-22T19:29:00.003-04:002020-07-22T19:29:47.161-04:00#0: ELEVENTH VALUN INCEPTION POINT REACHED
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;"><span>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms",sans-serif;">30<span style="font-family: "trebuchet ms",sans-serif;"></span></span> to $2.34</span></span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: xx-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b>
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><span><span style="font-family: "trebuchet ms",sans-serif;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms",sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>On
<u>22 July, 2020</u>, the price of gold closed above the close on 21
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 10<sup>th</sup> inception period have now been raised 4 cents
American to $2.34. Henceforth, no Valun will ever trade for anything
less in US dollars. </b></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>With
each succeeding inception, the proposed international standard value
unit or Valun increases its purchasing power, never to be devalued.
If or when the price of gold falls, the Valun, representing a unit of
purchasing power, not a commodity, just gets harder because it takes
more gold at lower prices to buy one. As we say, money is not solely
the circulating tokens. It's the <u>accounting</u> that matters.
BTW, it has never been anything else extending back thousands of
years. Anyone who belabors what the circulating tokens are made of
or how many there happen to be circulating at any instant, are plain
ignorant of what the real insiders have always known about money.
So, it's time to relinquish the rubbish taught in most schools and
get with basic common sense. Money is rational, it's about time more
people understood it in <u>accounting</u> terms, where it has always
resided.</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 –
Second inception – V1 = $2.17</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22 </b></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>22
July, 2020 – Eleventh inception – V1 = $2.34</b></span></div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span><div style="margin-bottom: 0in;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></div>
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-86715066373157148702020-07-21T21:19:00.003-04:002020-07-21T21:30:10.925-04:00#0: TENTH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_60_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 60 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: x-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;"> </span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: x-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">2<span style="font-family: "trebuchet ms" , sans-serif;">7</span></span> to $2.30</span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: x-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: x-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: x-small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b>
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>On
<u>21 July, 2020</u>, the price of gold closed above the close on 20
July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 9<sup>th</sup> inception period have now been raised 3 cents
American to $2.30. Henceforth, no Valun will ever trade for anything
less in US dollars. </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>In
2 days, the proposed Valun has gained 4 cents American, we expect
more within <span style="font-family: "trebuchet ms" , sans-serif;">d</span>ays. The surge in precious metals prices sees no sign
of ending soon. Of course, this blog's experiment is not being
watched, nobody is paying attention, but it is proving itself
nonetheless. </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>I
always make reference to contracts that would be in force during
various inception periods because I'm referring to contracts that
would be made between members and their local exchanges that would
reference these dates. When reading the other posts in this blog,
for some people; anyone who has been receiving any public or private
pensions since Valun inception at 2 November, 2011, the proposal
intends to award them 100% of their received pensions as rights to
issue the equivalent value in Valuns. There's no taxes involved
because these rights to issue Valuns belong to the individual will of
each member. Only Valuns received as income are subject to taxation
in THEIR money. That's why we keep records of where the Valun has
been since 2011. </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 –
Second inception – V1 = $2.17</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22 </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>21
July, 2020 – Tenth inception – V1 = $2.30</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></div>
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-90465208992181067892020-07-20T20:13:00.003-04:002020-07-20T21:49:33.986-04:00#0: NINTH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_60_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 60 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: medium;"> </span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">2<span style="font-family: "trebuchet ms" , sans-serif;">6</span></span> to $2.27</span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b><span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: xx-small;"><b>
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Again,
on <u>20 July, 2020</u>, the price of gold closed above the close on
8 July, 2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 8<sup>th</sup> inception period have now been raised 1 cent
American to $2.27. Henceforth, no Valun will ever trade for anything
less in US dollars. The proposed Valun, or international standard
value unit, a unit of exchange measurement, literally the value
measurement, is a unit of purchasing power based on the price of a
standard 1 oz gold bullion coin. We divide it by a thousand and
that's your Valun.</b></span></div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
took a week this time, we expect more within <span style="font-family: "trebuchet ms" , sans-serif;">d</span>ays. Will gold
overreach its record high against the US dollar? We have no idea.
Right now, we're seeing a panic rally based on very dire information
from around the globe. Those who expect the genie to be easily put
back in the bottle and things going back to the way they always were,
had better reassess current reality and base their actions on the
most reliable risk averse strategy available. </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Right
now, this proposal isn't one of them, because it isn't up and
running. That takes concerted private action. This is an idea that
must be fully grasped by every potential member. We can't be
complacent anymore about money; what it is, WHO OWNS IT, and what is
likely to become of it. When I hear from enough people who have
grasped what's put forth here and are willing to join it, then a
Valun exchange network can be brought into existence<span style="font-family: "trebuchet ms" , sans-serif;">;</span> a monetary system running in parallel with
THEIRS but owned by the members and NOT based on ANY of THEIR faulty
and willfully corrupt economic concepts and traditional attributes of
THEIR money; all of it commodities based and open to speculation.
We'll have none of that, thank-you! </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>So,
the bottom for the Valun is raised by 1 cent American. From the
Valun's original inception back on 2 November, 2011, the lowest
possible transfer of value has now risen from $2.16 to $2.27. That's
a modest 5.09%, yes in a little less than nine years, but actually
since 9 April 2020. It's still negligible, but demonstrates the
present upward trend for precious metals against the dollar. The new
top is $4.54. BTW, you can always find the potential top that will never be reached by the <u>current inception</u> Valun, just double it. It would take gold becoming worthless, like being able to make it from dirt, for that to happen. The Valun is NOT intended to function as a buy and hold vehicle for speculation. </b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>While
you're waiting to see the proposed Valun score new highs against ALL
of THEIR brands of money, you can get further acquainted with the
proposal and just what it would take to bring it to life. Just read more of this blog. While you read, I remind
all that this is a unique proposal and will from the outset NOT
ACCEPT certain economic concepts as valid, and we're frankly not even
interested in any kind of debate. Those who know WHY I say it this
way are those who understand the fundamental importance of free
PRIVATE enterprise, accept the necessity of PROFIT, will NEVER give
up PRIVATE property, are true patriots to their communities,
countries and are otherwise very well adjusted people who have
managed to survive THEIR propaganda. We are among those who know,
have had enough, are at times quite angry but holding our temper. We
represent here, in the heat of the battles of the present moment, the
only thing that each and every one of us could uphold as belonging to
us! It's long overdue time for action to get this going.</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Oh
and BTW from 2 November, 2011 when the proposed Valun came into
being, for much of the time between first and second inception, the
Valun was recorded at fair market value upward to $3.00 at a
particularly low point in THEIR price of gold. We accomplish that
using the simple present value of a past transaction entirely based
on THEIR current price for an oz of gold. We remind you all that a basis for
exchange for OUR money MUST be based on THEIR oldest brand and THEIR
most powerful stolen fiat brand. You can't use anything else. We
give silver a place at the table too. But we remind you that ALL
precious metals, ALL cryptocurrencies and ALL stolen fiat national or
supranational currencies, belong to THEM. THEY are, in case you
missed it, an association of globalists, bankers, elitists,
technocrats, satanists, pederasts, human traffickers (who also deal
in drugs, poisons, weapons, etc.) and the legions of scribes
(writers, pundits, fronts) and Pharisees (politicians and the clubs
and networks they infest). A politician is supposedly someone who is
uniquely gifted to adjust the actions of the populace under range to
suit whose ends? Yours? Mine? </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>20
July, 2020 – Ninth inception – V1 = $2.27</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span><br />
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-63175619489204920962020-07-08T22:19:00.003-04:002020-07-24T12:09:33.018-04:00#0: EIGHTH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_60_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 60 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: x-small;"><b><span style="font-size: medium;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;"> </span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: x-small;"><b><span style="font-size: medium;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">2<span style="font-family: "trebuchet ms" , sans-serif;">4</span></span> to $2.26</span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: x-small;"><b><span style="font-size: medium;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: x-small;"><b><span style="font-size: medium;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: x-small;"><b><span style="font-size: medium;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: x-small;"><b>
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Just
as predicted, on <u>8 July, 2020</u>, the price of gold closed above
the close on 7 July, 2020, so a new inception point, always higher,
never lower is henceforth adopted. All contracts that would be in
force during the brief 7<sup>th</sup> inception period have now been
raised 2 cents American to $2.26. Henceforth, no Valun will ever
trade for anything less in US dollars. We never go back, always
forward, and the proposal is working out just fine.</b></span></div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>So
now, in one day, the bottom for the Valun is raised by 2 cents
American. From the Valun's original inception back on 2 November,
2011, the lowest possible transfer of value has now risen from $2.16
to $2.26. That's a modest 4.63% in a little less than nine years, so
it's still negligible. The new top is $4.52. We expect further
inception points to be reached, reminding everyone that at the
highest ever price for gold back in 2011, had the Valun begun at that
point, we'd be dealing with a bottom at $2.<span style="font-family: "trebuchet ms" , sans-serif;">37</span> and a corresponding
high, like a limit that can never be reached, at $4.<span style="font-family: "trebuchet ms" , sans-serif;">74</span>. </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Notice
that the Valun, being immune to speculation regarding its exchange
value in some of THEIR money, doesn't have the ability to skyrocket
to the thousands of dollars per “coin” that typify all
cryptocurrencies. That's because cryptocurrencies are nothing but a
false scarcity, exactly the same as betting on the values of scarce
shares of stock or more copious amounts of debt instruments, etc.
The Valun was never intended as a “buy and hold” investment, but
designed to guarantee to preserve purchasing power over time against
ALL of THEIR brands of money. </b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>8
July, 2020 – Eighth inception – V1 = $2.26</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span><br />
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-12674775532887170262020-07-07T20:43:00.000-04:002020-07-07T23:58:56.845-04:00#0: SEVENTH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_60_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 60 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="font-size: large;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b> </b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="font-size: large;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">2<span style="font-family: "trebuchet ms" , sans-serif;">3</span></span> to $2.2<span style="font-family: "trebuchet ms" , sans-serif;">4</span></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="font-size: large;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="font-size: large;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b></b></span></span></b></span></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="font-size: large;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></span><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: xx-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: xx-small;"> </span></b></span></span>
</b></span></span></b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></b></span></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span></b></span></div>
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>The
sevens really lined up today. Based on continued record retail
demand for precious metals, as well as for whatever THEIR reasons, it's THEIR money, today the price of gold has just closed
above the 6<sup>th</sup> Valun inception point. Therefore on <u>7
July, 2020</u>, the price of gold closed above the close on 30 June,
2020, so a new inception point, always higher, never lower, is
henceforth adopted. All contracts that would be in force during the
brief 6<sup>th</sup> inception period have now been raised 1 cent
American to $2.24. Henceforth, no Valun will ever trade for anything
less in US dollars. We never go back, always forward. </b></span>
</div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>From
the Valun's original inception back on 2 November, 2011, the lowest
possible transfer of value has risen from $2.16 to $2.24. That's a
modest 3.7% in a little less than nine years, so it's negligible. But the Valun is not intended to be just another buy and hold investment vehicle in one of THEIR systems.
The new top is $4.48 which will never be reached, because in that
case, gold would be worthless; when alchemists are able to easily
turn a lump of coal into a lump of gold. Who knows? In any case, as
we have seen since April, another inception point soon after this one
can be a<span style="font-family: "trebuchet ms" , sans-serif;">nticipated</span>.Next stop $2.25 or higher.</b></span>
<br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>30
June, 2020 – Sixth inception – V1 = $2.23</b></span><br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>7
July, 2020 – Seventh inception – V1 = $2.24</b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span><br />
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-50509154432872308752020-06-30T19:38:00.002-04:002020-07-10T18:51:19.485-04:00#0: SIXTH VALUN INCEPTION POINT REACHED<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;"> </span></b></span></span></b></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_60_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 60 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">22</span> to $2.23</span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></div>
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: x-small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: x-small;"> </span></b></span></span>
</b></span></span><br />
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span><br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>That
5th inception didn't last long. Based on record retail demand for precious metals, today the price of gold has just closed above the 5<sup>th</sup>
Valun inception point reached just yesterday. All we're doing is following the rules for determining the lowest exchange rate for a proposed international standard value unit or Valun. Therefore on <u>30 June, 2020</u>, the price
of gold closed above the close on 29 June, 2020, so a new inception
point, always higher, never lower is henceforth adopted. All
contracts that would be in force during the brief 5<sup>rd</sup>
inception period have now been raised 1 cent American to $2.23.
Henceforth, no Valun will ever trade for anything less in US dollars and the half-Valun, the least denomination of proposed circulating V-Checks, rises to $1.12..
So far, from Valun's original inception back on 2 November, 2011,
the lowest possible transfer of value has risen from $2.16 to $2.23.
The new top is $4.46 which will never be reached because in that case
gold would be worthless. We may see another inception point right
after this one as we have seen. </b></span></span>
</div>
<br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>Briefly
recounting past inception points:</b></span></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16</b></span></span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>9 April, 2020 –
Second inception – V1 = $2.17</b></span></span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22</b></span></span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>30
June, 2020 – Sixth <span style="font-family: "trebuchet ms" , sans-serif;">i</span>nception – V1 = $2.23</b></span></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;">
</span></span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-388073462795355072020-06-29T20:43:00.003-04:002020-06-29T20:46:11.675-04:00#0: FIFTH VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_30_day_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 30 days. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: medium;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b> </b></span></span></b></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: medium;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">21</span> to $2.22</span><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span></span></b></span></div>
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: small;"> </span></b></span></span>
</b></span></span><br />
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span><br />
<div style="margin-bottom: 0in;">
<br /></div>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>We
expected a new inception within days based on record retail demand
for precious metals and today the price of gold has just closed above
the 4<sup>rd</sup> Valun inception point. Let it be known that on <u>29
June, 2020</u>, the price of gold closed above the close on 23 June,
2020, so a new inception point, always higher, never lower is
henceforth adopted. All contracts that would be in force during the
brief 4<sup>rd</sup> inception period have now been raised 1 cent
American to $2.22. Henceforth, no Valun will ever trade for anything
less in US dollars. So far, from Valun's original inception back on
2 November, 2011, the lowest possible transfer of value has risen
from $2.16 to $2.22. The new top is $4.44 which will never be
reached because in that case gold would be worthless. <br /><br />What
will gold continue to do? We may see another inception point right
after this one as we have seen. At gold's highest point, a Valun
would have been $2.40. We'll be curious to see just how soon this
point is reached. We continue to expect silver to do better than
gold. What does this mean? It means that in some parts of the world
where real money exchange through bank accounts is either impaired or
impossible, that real day to day trade will take place using the
local silver coinage or one that's imported. Mexican libertads still
sell for a premium compared to other coins. We expect the reason is
that they are readily recognized in some quarters. </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Do
we still anticipate a massive collapse in banking and finance? It's
one reason this blog exists, so yes, we do expect it. But when?
Everyone wants to know, but we will watch and see what happens. Of
course, should gold resume lower trading ranges, and silver too, the
present value of the piece of purchasing power at this inception
becomes even heavier in dollars. This is exactly what happened AND
NOW FOR THE RECORD during the long first inception period.</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>Briefly
recounting past inception points:</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>2
November, 2011 – First inception – V1 = $2.16<br />9 April, 2020 –
Second inception – V1 = $2.17</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>14
April, 2020 – Third inception – V1 = $2.20</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>23
June, 2020 – Fourth inception – V1 = $2.21</b></span></div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>29
June, 2020 – Fifth inception – V1 = $2.22 </b></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-size: small;"><br /></span>
</div>
<span style="font-size: small;">
</span>
<div style="margin-bottom: 0in;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
is part of this blog's experiment to keep the Valun exchange rate
measurements up to date with the current prices of gold and silver.</b></span></div>
<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-58219367926647541302020-06-23T19:39:00.002-04:002020-06-25T07:07:34.157-04:00#0: FOURTH VALUN INCEPTION POINT REACHED<div style="margin-bottom: 0in; text-align: center;">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_6_month_o_x_usd.png" style="margin-left: auto; margin-right: auto;" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 6 months. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
</div>
<div style="margin-bottom: 0in; text-align: center;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: large;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b>Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.<span style="font-family: "trebuchet ms" , sans-serif;">20</span> to $2.2<span style="font-family: "trebuchet ms" , sans-serif;">1</span></b></span></span></b></span></div>
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: medium;"><b><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: medium;"> </span></b></span></span>
</b></span></span><br />
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.</span></b></span><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"></span></b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: small;">We had a few near misses since third inception, but finally today the price of gold has just closed above the 3rd Valun inception point. At 14 April, 2020, the third inception exchange rate for the Valun was set at $2.20. Since that date the price has risen to inception on 17 May but never closed above the third inception. So let it be known that on <u>23 June, 2020</u>, the price of gold closed above the close on 14 April, 2020, so a new inception point, always higher, never lower is henceforth adopted. All contracts that would be in force during the 3rd inception period have now been raised 1 cent American to $2.21. No Valun will ever trade for anything lower from now on.</span></b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: small;">What will gold continue to do? We may see another inception point reached higher than this one in a matter of days because we see further upward pressure on precious metals. However we do not control these markets, THEY do. It may suit THEIR purposes to have the precious metals retreat to some lower trading range for years to come. Right now, the trends favor upward pressure and we expect silver to do better than gold in terms of exchange <span style="font-family: "trebuchet ms" , sans-serif;">rate</span> and value. What of a massive collapse in banking and finance? Everyone wants to know, but we will watch and see what happens. Of course, should gold resume lower trading ranges, and silver too, the present value of the piece of purchasing power at this inception becomes even heavier in dollars. The new hypothetical top, which no Valun will ever reach because gold would never be worthless, is $4.42. </span></b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: small;">It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver.</span></b></span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-36241912418814445472020-04-14T21:05:00.001-04:002020-06-11T19:43:47.920-04:00#0: THIRD VALUN INCEPTION POINT REACHED<div style="margin-bottom: 0in; text-align: center;">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_6_month_o_x_usd.png" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG
image showing the price of gold over the last 6 months. This chart will
change with the price of gold and will be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
<span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif;"><b><span style="font-size: large;">Lowest exchange rate for the proposed international standard value unit - Valun - rises from $2.17 to $2.20</span></b></span></span></div>
<div style="margin-bottom: 0in; text-align: center;">
<br />
<div style="text-align: left;">
<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b><span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;">NOTE:
There is no such thing as a Value Unit (Valun) either as a trading
vehicle or a circulating currency. These estimated values represent the
results of an experiment only.</span></b></span> </b></span></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;"><b>At or near inception, <span style="font-family: "trebuchet ms" , sans-serif;">t</span>he two highest points on the chart above show the 2nd and 3rd inception points for the Valun, however the chart will be updated as the price of gold changes. The price of gold has just closed above the 2nd Valun inception point a few days ago on 9 April, 2020. At <u><span style="font-family: "trebuchet ms" , sans-serif;">14</span> April, 2020</u>, the <span style="font-family: "trebuchet ms" , sans-serif;">third</span> inception exchange rate for the Valun was set at $2.<span style="font-family: "trebuchet ms" , sans-serif;">20</span>. No Valun will trade for anything lower from now on.</b></span></span></div>
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<b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;">What will gold continue to do? If it marches on higher yet, a fourth inception comes into force. We will watch and see what happens. Of course should gold resume lower trading ranges, the present value of that piece of purchasing power at inception becomes even heavier in dollars. A new top exchange rate for the Valun is also set at $4.40, a limit that will not be reached because gold will never be worthless.</span></span></b></div>
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<br />
<b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;">It is part of this blog's experiment to keep the Valun exchange rate measurements up to date with the current prices of gold and silver. We note that silver did rise above the level it had at 2nd inception, but this is a gold based alternative value measurement, not one based on silver, although we would take silver as well as gold in exchange for Valuns when they eventually come into being.</span></span></b></div>
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David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0tag:blogger.com,1999:blog-7390104501375204238.post-4146926088777511062020-04-10T01:13:00.004-04:002020-04-18T10:38:19.013-04:00#0: SECOND VALUN INCEPTION POINT REACHED<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Price of Gold" class="small-chart-chart center-block" height="250" id="gpxSmallChartTopLeft_img" src="https://goldprice.org/charts/history/gold_10_year_o_x_usd.png" style="margin-left: auto; margin-right: auto;" title="PNG immage of the price of gold over last ten years" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b><span style="font-family: "trebuchet ms" , sans-serif;">PNG image of the price of gold over the last ten years. This chart covers the entire time period since 1st inception point for the Valun <span style="font-family: "trebuchet ms" , sans-serif;">on 1/2/2011. This chart </span>will change over time and be updated by goldprice.<span style="font-family: "trebuchet ms" , sans-serif;">org</span></span></b></td></tr>
</tbody></table>
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<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="font-size: large;"><span style="color: red;">Lowest exchange rate for the proposed international standard value unit </span></span></b></span><span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="font-size: large;"><span style="color: red;"><span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b><span style="font-size: large;"><span style="color: red;">- Valun - </span></span></b></span>rises from $2.16 to $2.17</span></span> </b></span></div>
<br />
<span style="color: red;"><b><span style="font-family: "trebuchet ms" , sans-serif;"><span style="font-size: small;">NOTE: There is no such thing as a Value Unit (Valun) either as a trading vehicle or a circulating currency. These estimated values represent the results of an experiment only.</span></span></b></span><br />
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<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>It
was bound to happen eventually. The price of gold has just closed
above the 1<sup>st</sup> Valun inception point. At 2 November, 2011,
the first inception exchange rate for the Valun was set at $2.16.
Since that date, the price has risen above inception, but those were
points early in the Valun's existence as an experimental unit of
purchasing power, so we kept the original inception point all this
time and have not needed to revise it upward until now. </b></span><br />
<br />
<span style="font-family: "trebuchet ms" , sans-serif; font-size: small;"><b>For most of
the period between 1<sup>st</sup> inception and now, gold was under
the 1<sup>st</sup> inception's bid price so there was no need to
raise it. On <u>9 April 2020</u>, the price of gold closed above the close
on 2 November 2011, so a new inception point, always higher, never
lower, is henceforth adopted. All contracts that would be in force
during the 1<sup>st</sup> inception period have now been raised 1
cent American to $2.17. No Valun will ever trade for anything lower
from now on. <br /><br />What will gold continue to do? If it marches
on higher yet, a third inception comes into force. We will watch and
see what happens. Of course should gold resume lower trading ranges,
the present value of that piece of purchasing power at inception
becomes even heavier in dollars. <span style="font-family: "trebuchet ms" , sans-serif;">A new top exchange rate for the Valun is also set at $4.<span style="font-family: "trebuchet ms" , sans-serif;">34</span>, a limit that will not be reached because gold will never be worthless.</span><br /><br />It is part of this blog's
experiment to keep the Valun exchange rate measurements up to date
with the current prices of gold and silver. We note that silver did
not rise back to the level it had at 1<sup>st</sup> inception, but
this is a gold based alternative value measurement, not one based on<span style="font-family: "trebuchet ms" , sans-serif;"> silver, although we would take silver as well as gold in exchange for <span style="font-family: "trebuchet ms" , sans-serif;">Valuns when they eventually come into being</span>.</span> </b></span>
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<span style="font-size: small;">
</span>David Burtonhttp://www.blogger.com/profile/15754704881266741530noreply@blogger.com0