The FRN was created by the Federal Reserve and called a dollar to confuse the people and suppress what is truly and originally a U.S. Dollar:
The Federal Reserve " Dollar" is really the Federal Reserve Note (FRN). A real dollar is not made of paper. Our Founders were very clear that there would be no paper money in our Republic.
The purchasing power of a real dollar vs an FRN is as different as an FRN from a Mexican Peso.
What they wanted us to forget is that we already had sound, lawful, and legal tender gold and silver money. Our founding fathers established it, and modern government suppresses it to control us. We could easily eliminate the Federal Reserve and go back to what we originally had, and still have.
These are already right in front of us, but are treated as commodities by government, instead of as what they really are. Sound money:
They have some in Palladium, as well, but I did not include them as they are redundant. As far as coins with under a dollar value, Congress can authorize the mint to make half dollar, quarter dollar, and any other denomination needed to make purchases exchanges easier.
In the end, we do not need to reinvent the wheel or fix what isn't broken when it comes to sound, legal, and lawful tender. Our founding fathers were genius enough on that front.
Our Founders intended Gold, Silver, and copper for the measurements of money. Paper money was not to be used, ever.
From the Coinage Act of April 2, 1792:
SEC. 9. And be it further enacted, That there shall be from time to time struck and coined at the said mint, coins of gold, silver, and copper, of the following denominations, values and descriptions, viz. Eaglesāeach to be of the value of ten dollars or units, and to contain two hundred fort-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold. Half eaglesāeach to be of the value of five dollars, and to contain one hundred and twenty three grains and six eights of a grain of pure, or one hundred and thirty five grains of standard gold. Quarter Eaglesāeach to be of the value of two dollars and a half dollar, and to contain sixty one grains and seven eights of a grain of pure, or sixty seven grains and four eights of a grain of standard gold. Dollars or the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver, Half Dollarsāeach to be of half the value of the dollar or unit, and to contain one hundred and eighty-five grains and ten sixteenth parts of a grain of pure, or two hundred and eights of a grain of standard silver. Quarter Dollarsāeach to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver. Dismesāeach to be of the value of one tenth of a dollar or unit, and to contain thirty seven grains and two sixteenth parts of a grain of pure, or forty one grains and three fifth parts of a grain of standard silver. Half Dismesāeach to be of the value of one twentieth of a dollar, and to contain eighteen grains and nine sixteenth parts of a grain of pure, or twenty grains and four fifth parts of a grain of standard silver. Centsāeach to be of the value of the one hundredth part of a dollar, and to contain eleven penny-weights of copper. Half Centsāeach to be of the value of half a cent, and to contain five penny-weights and half a penny-weight of copper.
Unfortunately, Americans allowed themselves to become ignorant about lawful money vs legal tender. Regardless, gold and silver coins from the U.S. Mint remain lawful money, but ignorance among the people has resulted in very few understanding this and very few accept it as payment.
The point is that we already have a lawful money currency right under our noses that both the federal reserve, and the government, do not want you to know about. They label it a commodity instead of lawful money and hope no one wakes up to that fact.
I would like to see a return to the Coinage Act of 1792, or something very similar. The Act defined the proportional value of gold and silver as 15 units of pure silver to 1 unit of pure gold. Standard gold was defined as 11 parts pure gold to one part alloy composed of silver and copper. Standard silver was defined as 1485 parts pure silver to 179 parts copper alloy. The Act also specified the dollar as the "money of account" of the United States, and directed that all accounts of the federal government be kept in dollars, "dismes", cents, and "milles", a mille being one-tenth of a cent or one-thousandth of a dollar. The silver content of a dollar under this act was almost exactly equal to 1/5 of the silver content of the contemporary British pound sterling, or 4 British shillings.
When I say similar, I mean making coins from the mint the only legal and lawful tender of our Republic, but also making sure it the ratio of silver to gold is correct. Originally, it was set at 15 units of pure silver to 1 unit of pure gold. That was an unintentional mistake because the actual ration at that time was 16 to 1. As long as the ratio's are correct, silver, gold, and even platinum, could be the lawful / legal tender that could not be manipulated by any outside influence or force.
The only problem with that is weight. You want to carry those around? I love to use them and I also have some of them. Just not easy to transport is all.
By using additional precious metals, you reduce the weight issue significantly. So, Silver, Gold, Platinum, Palladium, Copper, etc........
You can then have coins representing much larger denominations that do not have the weight of large gold coins. Not to mention, you still have technology to use electronic transactions, but now they are not backed by debt based FRN's, but by actual deposits of your real money in your account.
97%
1913 : 1 oz gold Saint Gaudens = $20.67
2024 : 1 oz gold Saint Gaudens = $2509.85
20.67 / 2509.85 = 0.00824 = 0.824%
99.176 % loss
.... and our government is sending our tax money to Ukraine to defend the pile of shit Rothschild fiat dollar.
Oh yeah.
I was telling everyone that we are only 3 cents to a dollar, maybe it's 4 cents right now.
1913 : 1 oz gold Saint Gaudens = $20.67
2024 : 1 oz gold Saint Gaudens = $2509.85
20.67 / 2509.85 = 0.00824 = 0.824%
Less than a penny , that's why they can't make them from copper anymore.
Less than 1 cent already? Wow.
It's Why they have to reboot ! Can't hide it anymore.
LOL. Very very true, just like the cartoon.
3 cents
Close enough for a brain dead fren.
Just by looking at the food prices, my calculation is 3 cents.
The FRN was created by the Federal Reserve and called a dollar to confuse the people and suppress what is truly and originally a U.S. Dollar:
The Federal Reserve " Dollar" is really the Federal Reserve Note (FRN). A real dollar is not made of paper. Our Founders were very clear that there would be no paper money in our Republic.
The purchasing power of a real dollar vs an FRN is as different as an FRN from a Mexican Peso.
What they wanted us to forget is that we already had sound, lawful, and legal tender gold and silver money. Our founding fathers established it, and modern government suppresses it to control us. We could easily eliminate the Federal Reserve and go back to what we originally had, and still have.
These are already right in front of us, but are treated as commodities by government, instead of as what they really are. Sound money:
Silver 1 Dollar
Gold 5 Dollars
Gold 10 Dollars
Gold 25 Dollars
Gold 50 Dollars
This one has also been minted at the U.S. Mint, and would only need Congress to pass it to be as lawful, legal, and sound as the gold:
Platinum 100 Dollar
They have some in Palladium, as well, but I did not include them as they are redundant. As far as coins with under a dollar value, Congress can authorize the mint to make half dollar, quarter dollar, and any other denomination needed to make purchases exchanges easier.
In the end, we do not need to reinvent the wheel or fix what isn't broken when it comes to sound, legal, and lawful tender. Our founding fathers were genius enough on that front.
Our Founders intended Gold, Silver, and copper for the measurements of money. Paper money was not to be used, ever.
From the Coinage Act of April 2, 1792:
SEC. 9. And be it further enacted, That there shall be from time to time struck and coined at the said mint, coins of gold, silver, and copper, of the following denominations, values and descriptions, viz. Eaglesāeach to be of the value of ten dollars or units, and to contain two hundred fort-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold. Half eaglesāeach to be of the value of five dollars, and to contain one hundred and twenty three grains and six eights of a grain of pure, or one hundred and thirty five grains of standard gold. Quarter Eaglesāeach to be of the value of two dollars and a half dollar, and to contain sixty one grains and seven eights of a grain of pure, or sixty seven grains and four eights of a grain of standard gold. Dollars or the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver, Half Dollarsāeach to be of half the value of the dollar or unit, and to contain one hundred and eighty-five grains and ten sixteenth parts of a grain of pure, or two hundred and eights of a grain of standard silver. Quarter Dollarsāeach to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver. Dismesāeach to be of the value of one tenth of a dollar or unit, and to contain thirty seven grains and two sixteenth parts of a grain of pure, or forty one grains and three fifth parts of a grain of standard silver. Half Dismesāeach to be of the value of one twentieth of a dollar, and to contain eighteen grains and nine sixteenth parts of a grain of pure, or twenty grains and four fifth parts of a grain of standard silver. Centsāeach to be of the value of the one hundredth part of a dollar, and to contain eleven penny-weights of copper. Half Centsāeach to be of the value of half a cent, and to contain five penny-weights and half a penny-weight of copper.
Unfortunately, Americans allowed themselves to become ignorant about lawful money vs legal tender. Regardless, gold and silver coins from the U.S. Mint remain lawful money, but ignorance among the people has resulted in very few understanding this and very few accept it as payment.
The point is that we already have a lawful money currency right under our noses that both the federal reserve, and the government, do not want you to know about. They label it a commodity instead of lawful money and hope no one wakes up to that fact.
I would like to see a return to the Coinage Act of 1792, or something very similar. The Act defined the proportional value of gold and silver as 15 units of pure silver to 1 unit of pure gold. Standard gold was defined as 11 parts pure gold to one part alloy composed of silver and copper. Standard silver was defined as 1485 parts pure silver to 179 parts copper alloy. The Act also specified the dollar as the "money of account" of the United States, and directed that all accounts of the federal government be kept in dollars, "dismes", cents, and "milles", a mille being one-tenth of a cent or one-thousandth of a dollar. The silver content of a dollar under this act was almost exactly equal to 1/5 of the silver content of the contemporary British pound sterling, or 4 British shillings.
When I say similar, I mean making coins from the mint the only legal and lawful tender of our Republic, but also making sure it the ratio of silver to gold is correct. Originally, it was set at 15 units of pure silver to 1 unit of pure gold. That was an unintentional mistake because the actual ration at that time was 16 to 1. As long as the ratio's are correct, silver, gold, and even platinum, could be the lawful / legal tender that could not be manipulated by any outside influence or force.
The only problem with that is weight. You want to carry those around? I love to use them and I also have some of them. Just not easy to transport is all.
By using additional precious metals, you reduce the weight issue significantly. So, Silver, Gold, Platinum, Palladium, Copper, etc........
You can then have coins representing much larger denominations that do not have the weight of large gold coins. Not to mention, you still have technology to use electronic transactions, but now they are not backed by debt based FRN's, but by actual deposits of your real money in your account.
Most likely will be electronic transactions for me backed by metals. Like I said, I do have some because I know.