ForthNet@willett.pgh.pa.us (ForthNet articles from GEnie) (02/06/91)
Category 8, Topic 2
Message 1 Tue Feb 05, 1991
JAX at 16:19 PST
By now most of us have received our notice that FIG dues will
be going up this year. You have to sympathize with Marlin Ouverson:
running a nicely-printed, well-written magazine for an organization
that has chased away its membership and scared away most former
advertisers is not an easy job, but somehow he manages.
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Category 8, Topic 2 Message 2 Tue Feb 05, 1991 JAX at 16:26 PST While we are on the subject, who is the new Chapter Coordinator? Whoever it is should speak up here on GEnie. Don't know if FIG managed to find a new CC but I understand they did intend to appoint two pliable new Board members who didn't even bother to try to run for election. Was that sordid transaction ever consummated? Haven't heard. ----- This message came from GEnie via willett. You cannot Reply to the author using email. Please post a follow-up article, or use any instructions the author may have included (USMail addresses, telephone #, whatever). Report problems to: dwp@willett.pgh.pa.us or uunet!willett!dwp
ForthNet@willett.pgh.pa.us (ForthNet articles from GEnie) (02/09/91)
Category 8, Topic 2 Message 3 Fri Feb 08, 1991 D.RUFFER [Dennis] at 18:44 EST Thank you Jack! I'm at the GEnie sysop convention at the moment, but I will take a couple of minutes here to respond to your allegations. First, yes we have raised the dues, but you and anyone else can still renew (or start) your membership at the old rates. I don't have the complete details here, so I can relay the facts, but all of you have the opportunity to save money this year. Sign up NOW and this rate change doesn't even have to affect you (depending on how long you want to sign up for). It is no secret that our membership has been declining, and I think you all can understand the changes in the cost of doing business. We have added a lot of value to our magazine and have continually strived to add value to your membership. Weither or not you believe this or agree with the changes we have made, the cost of this does not change. We needed to raise the rates so that we are able to continue doing what you have come to expect from us, and to continue in our quest for adding more value to your FIG membership. We understand that this may cause some of you hardship, but please understand that the need was very real. On the topic of Chapter Coordinator, we have choosen to leave that position unfilled at the present time. Since the subject comes from you Jack, I wonder if it is prompted by some resentment on your part. However, our decision has been made, and we will live by it. Thanks for asking! DaR ----- This message came from GEnie via willett. You cannot Reply to the author using email. Please post a follow-up article, or use any instructions the author may have included (USMail addresses, telephone #, whatever). Report problems to: dwp@willett.pgh.pa.us or uunet!willett!dwp
ForthNet@willett.pgh.pa.us (ForthNet articles from GEnie) (03/04/91)
Category 8, Topic 2
Message 4 Sat Mar 02, 1991
ATFURMAN [Alan F.] at 23:34 PST
> ...FIG dues will be going up this year.
Going up? By what measure? All that FIG has announced is that more Federal
Reserve Notes will have to be given to it for a year's membership.
A Federal Reserve Note is a piece of paper capable of discharging its holder
from a contractual obligation of one Federal Reserve Note. Under the law,
Federal Reserve Notes are "collateralized" mainly by United States Treasury
securities. A Treasury security is a future promise to give its holder a
specified number of Federal Reserve Notes, each one of which is collateralized
by a promise to pay Federal Reserve Notes, each one of which...
Now when the politicians' call for "civilized interest rates" (translation:
print more Federal Reserve Notes) is answered, business activity is stimulated
in the short run...and "in the long run", as John Maynard Keynes himself said,
"we are all dead". Sellers find that newly "prosperous" buyers are willing to
contract for a higher number of Federal Reserve Notes. People find that they
can buy less with the Federal Reserve Notes that they had saved for frivolous
purposes (like retirement) and complain to Big Brother. Big Brother and His
toadies in the media and socialized educational system immediately identify
the cause of the problem: greedy capitalists, greedy consumers, greedy
capitalists, greedy labor unions, and greedy capitalists. Price controls and
subsidies are enacted to Protect the Little Guy against the Ravages of
Inflation. (Once upon a time, a hunter lost his way in the woods and began to
starve. So he cut off his dog's tail and roasted it on the campfire. After
he had eaten the meat, he gave the bones to the dog to chew on...and the dog
licked his hand in gratitude.)
The monetary unit of the United States was, until 1933, a quantity of gold
(approximately 1.5g) known as the Dollar. That year, the Federal Reserve Note
(which had been around since the creation of the Federal Reserve System in
1913) was made legal tender. The Roosevelt administration could then print
them at whim to dole out to the "aristocracy of pull". Legal tender laws
could not be readily enforced upon foreigners, however, so Big Brother had to
stand ready to redeem Federal Reserve Notes to the tune of about 0.9g gold
each. Accordingly, He confiscated all bullion held by Americans (Gold Reserve
Act of 1934).
By the 1960's, so many Federal Reserve Notes had been created and traded to
credulous foreigners that even the confiscated gold could not cover them.
President Charles de Gaulle of France decided it was time to get out of
Federal Reserve Notes while the getting was good. By 1968 there were
311,000,000 troy ounces of gold at Fort Knox (down from 701,000,000 in 1949).
The American public reacted with all the realism of Saddam Hussein being told
how many tanks he lost last Wednesday: it was all de Gaulle's fault! He was
trying to Ruin Our Economy! That year, redeemability of Federal Reserve
Notes, denied Americans since 1933, was revoked for foreigners, and has stayed
that way for over 22 years. The last constraint on money creation--the last
remaining difference between the Federal Reserve Note and the Deutsche
Reichsmark of 1922, was removed.
(Don't Look Now dep't: Last election, I voted for a party that has the
abolition of legal tender laws on its platform. If you didn't, I hope you
enjoy the system described above because YOU VOTED IN FAVOR OF IT whether you
know it or not.)
The "currency" of the USA is no longer tied to any commodity or any limitation
on its issue beyond the moral fiber and economic acumen of our political
elite. It is therefore questionable whether it makes sense to talk of an
"increase" in an amount denominated in it.
Practical suggestion: _The Economic Time Bomb_ by Harry Browne, $4.95 in
paperback. Get it, read it, follow it...or regret it. Seriously.
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Report problems to: dwp@willett.pgh.pa.us _or_ uunet!willett!dwpdcp@world.std.com (David C. Petty) (03/11/91)
In article <2456.UUL1.3#5129@willett.pgh.pa.us>, Alan Furman writes: ``The last constraint on money creation--the last ``remaining difference between the Federal Reserve Note and the Deutsche ``Reichsmark of 1922, was removed. My father came home from WWII with a RR500,000,000 (yup, 5 * 10**8 Deutsche Reichsmarks) and they were quite common, i.e. used to buy everyday household items. When do you think we will be listing the FIG dues in scientific notation? -- David C. Petty | dcp@world.std.com | ...!{uunet,bu.edu}!world!dcp /\ POBox Two | CIS: 73607,1646 | BIX, Delphi, MCIMail: dcp / \ Cambridge, MA | `It must've been some-other-body, / \ 02140-0001 USA | uh uh babe it wasn't me...' /______\
ForthNet@willett.pgh.pa.us (ForthNet articles from GEnie) (07/01/91)
Category 8, Topic 2
Message 5 Fri Jun 28, 1991
JAX [FigChapters] at 21:09 PDT
The deadline for FIG Board nomination petitions is June 30, 1991.
I have 19 signatures in my quest for nominations to the Forth
Interest Group Board of Directors.
--->>>> I need *six more signatures* this weekend! <<<---
Pres. John D. Hall of FIG informs us he will accepte late mail
nomination petitions IF YOU POST YOUR NOMINATION ON GENIE THIS
WEEKEND and follow it up with a mail or FAX nomination petition.
If you support Jack "jax" Woehr's candidacy for the Forth Interest
Group Board of Directors, please print out the following form and
provide at least one signature and FAX before Monday, July 1, 1991,
prior to the deadline to:
Forth Interest Group FAX: (408) 286-8988
Or post on GEnie and mail subsequently to:
P.O. Box 8231
San Jose CA 95155 (USA)
Remember, only current members of the Forth Interest Group may sign.
---------------------------------------------------------------------
The following FIG members certify that they are current FIG members
and nominate Jack J. Woehr ("jax") to fill the position of Director
of the FIG Board of Directors for the term November 1991 through
November 1994.
Member Name Member Signature Member Number Date Signed
_____________ _____________________ ______________ ____________
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