The Mystery of Bitcoin

Pretty much. Details here: https://www.investopedia.com/terms/p/petrodollars.asp

 

US went on the gold standard in the 1870's, left it in early 1920's, resumed in late 1920's, left in 1932, came back in 1944 and finally left the gold standard in 1971. I understand the lead analogy (and the IRS purchases a frightening amount of arms and ammo) . Payment of taxes is involuntary, so taxpayers are "robbed." That is not truly the "lead standard" - only because you don't PAY in lead. but OK - "comedic license."

Petroleum: All countries have to pay in US Dollars, because the sellers say so. That IS pretty well the standard used in most exporting countries. Not funny, so no comedic license. You just do it. Or you get none.

 

Same with the death of Johann. Hopefully a l-o-n-g while. I have to live till 140 to be even with the Federal Government, that giveth and taketh away.

 

Thanks Steve! The Good Lord Giveth and the Government Taketh Away.

 

Enough to frighten me, anyway - but I just have to deal with CRA- the Canada Revenue Agency. Report here that says IRS has purchased $10 million in weapons, ammo and combat gear since 2020.

ttps://nypost.com/2023/05/02/irs-has-spent-10m-on-weapons-ammo-and-combat-gear-since-2020-watchdog/

 

Sorry - missing letter in link. Here it is, corrected.
https://nypost.com/2023/05/02/irs-has-spent-10m-on-weapons-ammo-and-combat-gear-since-2020-watchdog/

 

Steve, I don't quite get this. It's the American IRS that spent all that money on firepower. Not the Canadians - the CRA.
Red Coats? Uh yes. Here, the Mounties (RCMP) go in when records have to be seized etc. or arrests have to be made. The RCMP are, of course, armed. The CRA investigators are not armed and do not make arrests.

If you're referring to some similarity of IRS agents to British troops in the America Revolutionary War, I just don't get that. Like them or not, IRS agents are Americans too, not British. I must be missing something here...

 

Well -- ok. If you mean the part about "the Democrats' army" of 87,000 new hires for the IRS, and that conservative thinking (?) is - those new agents will be deployed to help the IRS zero in on middle- and low-income Americans - yes, I do disagree. If that's it - I see the analogy. I confess, my first reading was just to get a grasp of the figures. I didn't read to the end.