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You Make the Call - Copper $1 an Ounce When?

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dakota1955
1000+ Penny Miser Member

2212 Posts

Posted - 03/25/2010 : 07:53:08

I think that we all should pick up our sorting before the good times are over.

tunylune
New Member

USA
20 Posts

Posted - 03/26/2010 : 15:00:02

Thanks glad to be here! Another bit of food for thought. When paper money hyper inflates coins become very scarce. Argentina is seeing this now. When you buy something there more than likely you will get wrapped pieces of hard candy as change. The banks have limited the withdrawal of money and are limiting the amount you may withdraw in coins. Zimbabwe in Africa is the same way. In 1930 in Germany there are pictures of people pushing a wheelbarrow full of paper money to the market to buy a loaf of bread.

Our founding fathers tried paper money shortly after our revolutionary war. Nobody wanted to accept it. Congress even made laws trying to force Americans to accept their paper money. The State of Virginia passed a law that if a merchant refused the paper currency to pay a debt that the debt would be voided and the person owing that debt would owe nothing. Back then the paper to silver ratio was 13 paper bills to one piece of silver English or Spanish. Every Fiat currency (money backed by nothing)that has ever been tried in the world ever has always failed. We currently have a fiat currency (The U.S. Dollar) Thanks to President Nixon taking us off the gold standard in 1971. In 1964 a silver dollar was worth close to a dollar. It now takes over 13 dollars to purchase the same coin. This is not because silver has gone up it is because the paper dollar is worth over 13 times less. The Federal reserve has doubled the amount of dollars on the market for two years in a row by printing and creating more dollars on bank balance sheets. U.S. debt on the books is now at 14.3 trillion Dollars. Unfunded Liabilities are debt that we have to pay that have not been officially funded by Congress and are not on the books. These include Social Security, Medicare, Medicaid, Govt. employee pensions and more are at 134 trillion and climbing. The Government has no choice but to default on this debt. It is our responsibility to be self reliant as Americans. Those that are not will be the big losers and will suffer. People will starve to death at an alarming rate. History has proven this many times over. God help us and God bless America. Mark

When the People fear the Government there is tyranny. When the Government fears the People there is Freedom. Thomas Jefferson

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