if a strategic reserve of silver, copper, nickel, platinum, palladium & gold was held to back a Treasury $, we would not need to have silver $ circulating officially, but silver eagles could be made legal tender, and anybody with recognizable coins coin make purchases with their coins.
The strategic reserve should have been made an 'elemental' reserve, that uses the spot price of 1g of each element in a 1:1:1...n(1) ratio, so that it would be more stable and predictable. Excluding rare earths and radioactives as they are essentially unobtainium
They can't go juicing the ratio, for example, changing 1:1 gold to silver to 2:1 gold to silver. Whatever they set it at, it cannot be changed. Ever. Once set.
Otherwise, its FRAUD against the public. I think 1:1 is good. Or the money metals are 10:10:...1 to the others, or vice versa. ex 10 parts helium 1 part gold
It just needs to be set and never changed. If its changed, it needs congress approval, needs a reason, needs to be made public. Nothing happens in the dark otherwise it's bullshit and fraud.
I don't know,but I find it very strange that the US MINT has the details of the crime of 1873 on their official website. That's like the CIA having the crime of 1963 on their page,except the mint didn't do it,it was congress and the banks,and rich fuktards.....
The mint was essentially a victim in this 1873 crime, or a NPC, at best. At the time, they shrugged their shoulders and filled the coins-orders as prescribed by the bigwigs. This, to some extent, describes a hierarchical management culture, whereby the workers doff their cap, and the elite have all the control.
Furthermore, the Mint won't lose their position, as a mint, if USA decides to regain its sovereignty and control their own coinage - the old-school way. USA citizens will gain greatly - That is, a range of various metal coins, circulating in the USA, mostly, without being 'infected' by petrodollars and corruption, that is rapid inflation, and constant political ramblings about the 'Middle East'. And did you know that copper and silver are actually good for you, to handle. Copper coins can be nice and big too. Anyhoo,
The dollar problem was exacerbated with that 'genius' banker move back in the seventies, when Vietnam broke the USA (that was because someone was playing the system and becoming fabulously wealthy, but also complete ignorance and buffoonery), and the US economy was in free fall. The dollar was then decoupled from metal. (so that they could go ahead and print money without having to reconcile the notes against bullion stocks - brilliant). LOL. Sound cool, as long as we keep eating and going to work. Right?
But one can't have just paper money, because someone might create that wheelbarrow-ful-of-paper-to-buy-a-loaf-of-bread scenario that happened just in the thirties, and that triggered WW2 in the end, because Germany had inflated themselves to bust.
So the 'dollar' was 'backed by oil' instead of gold, because USA was self-sufficient in terms of oil, right? Only problem: the Middle East had ridiculously easy-to-get oil. It was literally bleeding up in the desert in places. So now, the American tax-payer had to pay massive insurance to London (aha) so that the Moooslims don't cRash the dollarr. The USA taxpayer was a victim to oil-prices and the shenanigans that go on in that market.
Also, if the sovereignty movement happens, there will be a thriving hub of creatives, craftsmen and office administrators employed by the Mint, who will be American patriots. So the Mint have everything to gain by exposing the crime.
On the other hand, CIA was complicit in assissinations-arse. So they have an incentive to keep that on the down-low.
nice April 2 coin documentary, I wonder if the average high school student could identify the value of a nickel or a dime, quarter, do they know what a 50 cent piece is?
just reminded me of a military joke, I forget exactly how it went, but a young soldier in training, was being disciplined for not having all his things in good order, the drill sergeant some demerits, and one extra demerit for having an unshaved Lincoln (on the penny) in his locker
It's more like convenience came at too high a cost. We now use debit / credit more than cash, and there's no point to pennies in an increasingly cashless society. They could have just gone with quarters and nickels and that would have worked just fine. Meanwhile it would be nice to have a 500 dollar and/or 1000 dollar bill.
I paid a house painter in cash, 7500 dollars to do all this stuff (repairs also, gap filling, etc) and it took FOREVER to count out 75 hundreds. 500 dollar bill would have been nice
Fuck those coins. Fuck all "numismatic". Buy 99.99 not 99.9 bullion. Assayed. Serial number. Do not put into a gold IRA. It's dumb. The whole reason for gold is because fuck the government and its inflation and money printing. So why put it into a financial instrument that encourages wrongdoing? Dumb!
Buy gold. Secure it in your home or in a metal depository like the texas one or delaware one. Florida will prob have one soon.
Crime of 1873 for those not familiar with it. They demonitized silver.
https://www.usmint.gov/news/inside-the-mint/mint-history-crime-of-1873?srsltid=AfmBOopdhkAMKKsI_HzBrIOetISt0QZTlHIqAvRTZPGo0tXxyQl3gTxa
So, everyone wants to know: are they going to monetize silver?
Just I don't think that there is enough of it, considering the industrial uses.
agreed, a question silver bugs want to know.
if a strategic reserve of silver, copper, nickel, platinum, palladium & gold was held to back a Treasury $, we would not need to have silver $ circulating officially, but silver eagles could be made legal tender, and anybody with recognizable coins coin make purchases with their coins.
We know several States have made gold and silver coins, here’s a 2026 update. https://ownx.com/blog/what-states-accept-gold-as-legal-tender/#
The strategic reserve should have been made an 'elemental' reserve, that uses the spot price of 1g of each element in a 1:1:1...n(1) ratio, so that it would be more stable and predictable. Excluding rare earths and radioactives as they are essentially unobtainium
They can't go juicing the ratio, for example, changing 1:1 gold to silver to 2:1 gold to silver. Whatever they set it at, it cannot be changed. Ever. Once set.
Otherwise, its FRAUD against the public. I think 1:1 is good. Or the money metals are 10:10:...1 to the others, or vice versa. ex 10 parts helium 1 part gold
It just needs to be set and never changed. If its changed, it needs congress approval, needs a reason, needs to be made public. Nothing happens in the dark otherwise it's bullshit and fraud.
thanks, saved this for studying.
like how you shared this for an honest system that can be relied upon
I don't know,but I find it very strange that the US MINT has the details of the crime of 1873 on their official website. That's like the CIA having the crime of 1963 on their page,except the mint didn't do it,it was congress and the banks,and rich fuktards.....
You just explained it perfectly.
The mint was essentially a victim in this 1873 crime, or a NPC, at best. At the time, they shrugged their shoulders and filled the coins-orders as prescribed by the bigwigs. This, to some extent, describes a hierarchical management culture, whereby the workers doff their cap, and the elite have all the control.
Furthermore, the Mint won't lose their position, as a mint, if USA decides to regain its sovereignty and control their own coinage - the old-school way. USA citizens will gain greatly - That is, a range of various metal coins, circulating in the USA, mostly, without being 'infected' by petrodollars and corruption, that is rapid inflation, and constant political ramblings about the 'Middle East'. And did you know that copper and silver are actually good for you, to handle. Copper coins can be nice and big too. Anyhoo,
The dollar problem was exacerbated with that 'genius' banker move back in the seventies, when Vietnam broke the USA (that was because someone was playing the system and becoming fabulously wealthy, but also complete ignorance and buffoonery), and the US economy was in free fall. The dollar was then decoupled from metal. (so that they could go ahead and print money without having to reconcile the notes against bullion stocks - brilliant). LOL. Sound cool, as long as we keep eating and going to work. Right?
But one can't have just paper money, because someone might create that wheelbarrow-ful-of-paper-to-buy-a-loaf-of-bread scenario that happened just in the thirties, and that triggered WW2 in the end, because Germany had inflated themselves to bust.
So the 'dollar' was 'backed by oil' instead of gold, because USA was self-sufficient in terms of oil, right? Only problem: the Middle East had ridiculously easy-to-get oil. It was literally bleeding up in the desert in places. So now, the American tax-payer had to pay massive insurance to London (aha) so that the Moooslims don't cRash the dollarr. The USA taxpayer was a victim to oil-prices and the shenanigans that go on in that market.
Also, if the sovereignty movement happens, there will be a thriving hub of creatives, craftsmen and office administrators employed by the Mint, who will be American patriots. So the Mint have everything to gain by exposing the crime.
On the other hand, CIA was complicit in assissinations-arse. So they have an incentive to keep that on the down-low.
It really devastated small farmers and business. And was a huge issue back in the day. Hopefully us silver stackers get some payback on the bastards.
Thanks dear fren!
nice April 2 coin documentary, I wonder if the average high school student could identify the value of a nickel or a dime, quarter, do they know what a 50 cent piece is?
Me, too...most can read an analog clock face..
Where's my trumpcoin?
https://nitter.poast.org/i/status/2039769318527734047
#RIP penny.
You were too expensive for the most wealthy and powerful country on this planet to make.
I Want my PENNY Back!
yes!
just reminded me of a military joke, I forget exactly how it went, but a young soldier in training, was being disciplined for not having all his things in good order, the drill sergeant some demerits, and one extra demerit for having an unshaved Lincoln (on the penny) in his locker
Kek!
It's more like convenience came at too high a cost. We now use debit / credit more than cash, and there's no point to pennies in an increasingly cashless society. They could have just gone with quarters and nickels and that would have worked just fine. Meanwhile it would be nice to have a 500 dollar and/or 1000 dollar bill.
I paid a house painter in cash, 7500 dollars to do all this stuff (repairs also, gap filling, etc) and it took FOREVER to count out 75 hundreds. 500 dollar bill would have been nice
Fuck those coins. Fuck all "numismatic". Buy 99.99 not 99.9 bullion. Assayed. Serial number. Do not put into a gold IRA. It's dumb. The whole reason for gold is because fuck the government and its inflation and money printing. So why put it into a financial instrument that encourages wrongdoing? Dumb!
Buy gold. Secure it in your home or in a metal depository like the texas one or delaware one. Florida will prob have one soon.