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[–][deleted]  (24 children)

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    [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (22 children)

    Interesting, thanks. That's far more plausible and makes plenty of sense.

    Were not most quarters and half-dollars silver up until around the 1960's? I'd assume the amount of silver of melt was nowhere close to the vaule they were manipulated to carry.

    Supplement it by silver certificates, issued upon deposit of silver.

    So these certificates would be paper, which would equal a portion of the amount of silver you own.

    Using the good old method of free coinage, silver could enter into circulation free of debt, free of interest, outside the control of bankers. In this way the unit of account and currency would one and the same.

    Seems reasonable to me, but the bankers, nor wall-street would ever let that happen. They'd try to destroy teh economy if something like that was imposed.

    In 1914, (january 4) Henry Ford introduced the $5-a-day minimum wage in his factories. At the time a model-T automobile sold for $250.00. A man could have collected his 5 coins every day, and eventually carry 250 coins to a dealer and drive home in model-T; or saved his coins in bank, then ask for 2 $100 and 1 $50 silver certificates, then go to the dealer.

    That seems far easier than the current system we have today!

    Let gold find its own level, buy what it buys; but never be a unit or a standard.

    Other than Silver, would there be any other metals that could be or have been used as a unit or standard?

    SO, implementing silver certificates would make government bonds obsolete? Would this not reduce taxes, and also manipulation, boom and bust cycles, etc.

    [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

    So, they basically banned anyone from exchanging their notes for silver. And then lied about how much they had in reserves by issuing far more notes at interest? Is that how the scheme goes?

    So, let's say we implement these silver certificates. Would it be easier to live and have a ddecent livlihood. What I mean is, currently, many people have to work 5 jobs just to break even; would this currency system allow for better living, a happier society, easier trading, a more stable economy with less taxes? I'd assume social security, pensiosn and the financialization of currency would become obsolete because you would actualyl be getting a real medium of exchange for your hard earned work.