HOW "SMALL" WOULD A " GOLDEN " DOLLAR BE...???
Would we need a Magnifying Glass to pick it out of our Small Change Bag...???
Would it be like carrying around Gold Dust...???
You see where I'm going with this, right...???
I keep hearing people say, "we need to go back to a Gold Standard"...
It's not going to happen...
I can see Gold being used to Measure Vast Amounts of Wealth...
But Gold will never again be used by the Common People, as a Physical Medium of Exchange...
The Fluctuating Price of Gold would make it very difficult for day to day Purchases...
Because of the Constant Fluctuation in Value, Gold needs to be Measure by the "means" of something else...
Over the years, Coins have proven themselves to be Worthy, as a practical means to Measure Value...
The only Trouble we soon found out, was that the Metal Content of the Coinage, became more Valuable than the Face Value of the Coin...
I'm confident, the Central Bank Owners had something to do with that...
I doubt that we'll ever make that mistake again...
The Value does not have to be in a Coin, for it to Measure Value...
The Federal Reserve (Debt) Notes we use to Measure Value, doesn't have Gold or Silver Threads woven into the Paper used for Printing...
We tend to worry more about the older Pennies having Copper and the newer ones being Copper Coated Zinc...
It's not about the Melt Value of the Coin...
It's not about the Burn Value of the Paper...
Anyway, this was just a passing thought, brought to mind in answering a comment on my previous post...
Thanks for reading...
Have you read The Mandibles?
No... Never heard of it... Did it mention something I wrote above...???
I just took a quick peek about the Novel, but it's way off from what I'm writing...
Until I starting hearing the Financial Guru's calling things "Pre-Pocket Change Theory"
I'll have a hard time agreeing with everything I hear them say... Wanting to go back to a Gold Standard, would be considered "Pre-Pocket Chang Theory"... The Thought that we're heading into a Period of Hyper-Inflation will be considered "Pre-Pocket Change Theory...
When you said this - "The Federal Reserve (Debt) Notes we use to Measure Value, doesn't have Gold or Silver Threads woven into the Paper used for Printing..."
It made me think of the cover of the book:
The setting of the book is in post-reset USA. I haven't read the entire thing but the cover is especially telling about the dual money supply we may see in the US if your PC theory is correct.
As far as I can tell, I'm the only one talking about the Reset of U.S. Coinage, with an increase in Purchasing Power... I did mention our money and their money co-existing during the Redemption Period, if that's what you meant...
You say "ours" and "theirs" as if it will be so clear who is who. Is that a part of your theory? Bankers vs Gov't?
Our Money is the U.S. Coinage... Their Money is the Federal Reserve Notes... It's us, as a Sovereign Country and People against the Central Bank Owners... I don't have any ill will against Bankers in General... It's the "Owners" of the "Central Banks" who think they "own" and "control" us, because we pay for the use of their Money... That's who I'm personally against... Our Government Employees will be Freed from the Dictates of the Central Bank Owners... We're holding the Winning Hand...
True.
A coin that contained one dollar of gold would be very small indeed.
"I just paid for my coffee using five of them, but the cashier dropped them and we couldn't find them so I had to pay with a $5 bill." Ha ha
And yet, I'm constantly hearing that we should go back to a Gold Standard... I can go out right now and buy Gold with Copper Coated, Zinc Pennies... And they haven't even been Reset yet... Think of the possibilities my P.C. Theory brings to everyone's attention...
I wouldn't mind being able to get an ounce of gold for $13. That would be pretty great. Or I could get an ounce of silver for less than two pennies. I would love that! My stack would grow so quickly. :)
lol... The Ounce of Silver would be about One Dollar in Physical U.S. Coinage... A paper Dollar will only get you a Penny... I think you may have been thinking about a Pound of Pure Copper for 3 Copper Coated, Zinc Pennies...
Whoops, I messed up the math. If coinage was worth 100x it's face value, it should be $0.17 face value of coinage for an ounce since silver is $17/ounce right now.
Three copper coated zinc pennies for a pound of copper? That doesn't seem quite right. You could make way more pennies with that. That or I'm still not understanding how this whole thing would work.
I don't understand why the notes would be worth less, but the coins would be worth more. That's ok though. I'll get it eventually. Ha ha.
Great Comment... You can see why I think Silver is undervalued, if after the Reset, it would only be 17 Cents for an ounce... It should be at least A Dollar in Physical U.S. Coinage... That means Silver should be One Hundred Dollars per Ounce right now... Totally undervalued...
I haven't checked on the price of a Pound of Copper lately, but I figure it's about 3 Dollars per Pound... That means, after the Reset, you'll be able to buy that Pound of Copper for 3 Cents... Yes, even the Copper coated Zinc Pennies...
We're allowed to "regulate" the Value of our U.S. Coinage by means of Article 1, Section 8 of the U.S. Constitution... Federal Reserve Notes have (in my opinion) lost 99% of their Purchasing Power... We need to "remove and replace" all of them, World Wide...
That makes more sense that you're also talking about how silver is undervalued. And yes, I think copper is still around $3/pound. That's funny that you could buy $3 worth of copper by giving them $0.03 of copper. Ha ha.
It's about what's Stamped on the Coin that makes it a Tool to Measure Value... It's not about the Melt Value... So, after the reset of our U.S. Coinage, it will take 3 Cents to buy a Pound of Copper... The 3 Cents will take the place of the 3, Federal Reserve Note Dollars... Our Coinage and their Debt Notes will co-exist, until the End of the Redemption Period... So, for a time, you'll be able to pay either 3 Physical U.S. Cents or 3 Federal Reserve Note Dollars...
Thank you sir pockets - I know I digress but - I've already asked M.O.M. (in lieu of a will) - to not bury or cremate me, but make me into a 'black diamond'. This costs a'round $10k in fiat dollars to achieve last I checked. I have alwayz felt like a lump of coal and will finally reach sumthin' of worth beyond this God forsaken existence! An alien will undoubtedly pick me me up from tha dust bin of dead Earth and will be a hero-of-the-day for reviving the DNA of a (dead-broke) champion! Let's hope !! HA
- your thoughtz
You're much more than a lump of coal... If my Theory is correct, One Hundred Dollars in Physical U.S. Coinage will be like having $10,000 in Federal Reserve Note Dollars... Keep that in mind if you have a lot of Debt weighing you down... My Theory doesn't work with Debt Notes or Paper Promises, only Physical U.S. Coinage...
Amen brother - I am holding on to that roll of proof '69-S quarters for precisely that reason! I appreciate the kind words, keep up the good work.
Any common roll of Quarters would be well worth holding onto... Proof Quarters will have a Premium attached above and beyond the Common Quarter Dollars...
Thank you for your continued support of SteemSilverGold