Elon - "America is going bankrupt btw".....(😮🤐)
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The government mints pure silver coins yearly both silver Morgans and silver eagles. You could spend it but would be foolish to do so since they carry a face value of one dollar.
Not true. The purchasing power of an FRN "dollar" and a U.S. Mint Silver or Gold Eagle are vastly different.
What? He's right. If you try to go the store and use it, it's face value is one dollar. Hence the name, silver dollar? You can use a bicentennial quarter and not realize it, it's still has a face value of a quarter .. big confused. By that logic, every paper dollar you spend should be refused, since it's just paper
The face value of the coins (well silver eagles) say one dollar. They are worth more in silver than that if anyone wanted to go to the store and use it as tender it would count as a dollar.
AFAIK only the Mexican silver Libertad doesn't have a face value on it and goes for the current value of silver if using it as tender
Fo real? that's bad ass. I like my booba coin better now.
Since legal weed has grown to where its at today, I say we just use Ricky's system (From the show Trailer Park Boys) : He made coins out of hash and just uses those as money. lol
https://www.youtube.com/watch?v=N65uFX6Kvpw (nsfw for language, its only like 30 seconds long and there's like 8 fucks in there lol)
There is also a $50 legal tender gold coin.
Thanks. Glad to learn!