It makes even more sense to go back to the Silver standard, since that's what was written into the first money laws of our country by the founding fathers. The U.S. Dollar is STILL legally defined as 371.25 grains of silver (0.77 oz). Also the act that changed it to the gold standard from silver (Coin Act of 1873) was of HUGE benefit to the Bankers and detrimental to We The People. It was this act that led to all the fuckery that followed, including eventually the Fed.
But in truth, either one could work, except We The People don't actually have any gold, nor can anyone afford to buy any. We can all afford to buy silver though, and many people have a lot already. It is in our hands already. Sure, they have a ton of it, but we already have more than enough to make an economy out of it.
I did not know this and thank you I'm sure those around Geotus knows this and maybe we will go all the way back interesting times to be alive thank the Lord I'm not a sleeper
Perhaps, but there is ten times more silver than gold, and We The People have a whole lot more silver than gold. We could make a whole economy just on what we already have in silver, but not in gold.
Though you do have a point, and one I have thought of. I don't know what the best solution is.
I'm not so sure on the supply of silver, it is so heavily shorted and the price so suppressed that there very little incentive to actually mine it. Maybe if the price was allowed to rise you might see the supply rise. Currently silver production is a result of the byproduct from mining other metals.
it is so heavily shorted and the price so suppressed that there very little incentive to actually mine it.
The shorting of silver is because there are many times the number of shares than there is silver in the comex.
That has NOTHING to do with the silver supply in the population. I don't know anyone who doesn't have a fair bit of silver (though I am a large influence in that, so not the best random sampling). I do know though, that we keep buying out all the silver available in stores. I think there is so much out there now, we could almost certainly have enough for an economy.
Maybe if the price was allowed to rise you might see the supply rise
You are thinking in terms of production. I am thinking in terms of what already exists in circulation. We have enough already in circulation. The same can't be said of gold.
It makes even more sense to go back to the Silver standard, since that's what was written into the first money laws of our country by the founding fathers. The U.S. Dollar is STILL legally defined as 371.25 grains of silver (0.77 oz). Also the act that changed it to the gold standard from silver (Coin Act of 1873) was of HUGE benefit to the Bankers and detrimental to We The People. It was this act that led to all the fuckery that followed, including eventually the Fed.
But in truth, either one could work, except We The People don't actually have any gold, nor can anyone afford to buy any. We can all afford to buy silver though, and many people have a lot already. It is in our hands already. Sure, they have a ton of it, but we already have more than enough to make an economy out of it.
See JFK’s Executive Order 11110 on silver certificates.
Yup, and he was killed a couple months later, and that EO went the way of the Dodo five years after that, without a whisper.
It is still in full force and was never repealed.
I did not know this and thank you I'm sure those around Geotus knows this and maybe we will go all the way back interesting times to be alive thank the Lord I'm not a sleeper
Elements of NESARA would fulfill Trumps "The best is yet to come" quite grandly!! Only those things which truly benefit The People..
I don't think that is a possibility, silver has too much industrial use, which is why gold makes a better global reserve currency.
Perhaps, but there is ten times more silver than gold, and We The People have a whole lot more silver than gold. We could make a whole economy just on what we already have in silver, but not in gold.
Though you do have a point, and one I have thought of. I don't know what the best solution is.
I'm not so sure on the supply of silver, it is so heavily shorted and the price so suppressed that there very little incentive to actually mine it. Maybe if the price was allowed to rise you might see the supply rise. Currently silver production is a result of the byproduct from mining other metals.
The shorting of silver is because there are many times the number of shares than there is silver in the comex.
That has NOTHING to do with the silver supply in the population. I don't know anyone who doesn't have a fair bit of silver (though I am a large influence in that, so not the best random sampling). I do know though, that we keep buying out all the silver available in stores. I think there is so much out there now, we could almost certainly have enough for an economy.
You are thinking in terms of production. I am thinking in terms of what already exists in circulation. We have enough already in circulation. The same can't be said of gold.