215 Fed Reserve Note - honestly, not sure what to make of it. (twitter.com) posted 1 year ago by John_987123 1 year ago by John_987123 +216 / -1 82 comments share 82 comments share save hide report block hide replies
Did I read that right?
Are you saying once the switch is flipped, a $600,000.00 mortgage will be able to be paid off with 50oz of silver?
Metals are surely undervalued, but how things are matched to existing debt notes in FRNs is going to be curious.
The issue is that mortgages are denominated in USD. It should have been FRN.
So, yes, I was indeed somewhat facetious to make a point. And the point is value. Generally, we have no clue,
An artisan in 1910 made about $2,300-$2,600 a year in real money.
Makes sense considering an “artisan” is making $110,000-$200,000 today.
Where I get stuck though is that $2,300 would be 2,300 oz, or 143 lbs, or 9,200 quarters, and worth about $53,000 current cash value.
I don’t see how $600,000 would translate over to 50 oz. Because of the unbelievable fraud involved in having done all this?
2300 ounces would translate into 60.000 current FRN. Turn it around.
What would 2300 Troy ounces buy you? That is where value starts to arise.