That thing on the right is NOT a dollar. It is a note…a coupon, that can be presented to a bank to get a dollar coin or some combination of smaller coins making up a dollar.
The silver dollar on the left will not be honored by its silver content, that ended in 1968 but it will be honored for the $1 stamped on it. You could spend it for $1 but that would be stupid.
Hi Brian, the thing on the right is a “Federal Reserve Note”. In your description, you are defining what is a “silver certificate”, or, a “gold certificate”. A “Federal Reserve Note” is as useless as the intentionally-mislabeled, “Federal Reserve”, itself. Most people don’t realize the colonies created King George as the “Arch-Treasurer” of the United States at the end of the American Revolution. Since then the US has become a “Corporate Indenture” to the City of London. The last obstacle to a paper currency, not under the control of the criminal, English-based, central banking cartel, was removed when Abe Lincoln was assassinated (Lincoln created the “Greenback” dollar and he did so to shirk the parasitic English-based, criminal, central banking cartel). Presently, contrary to the US Constitution, Article One, Section Eight, the Criminal, English-based, central banking cartel has counterfeit over 1200 Trillions in the, now, wholly-Insolvent, intentionally-mislabeled, “Federal Reserve, notes, bills and bonds”, in service to an international attempt to undermine US “Sovereignty”, through “Securities and Insurance Fraud”. The Securities and Insurance Fraud is owed to criminal banking behaviors that center on “Mortgage-Backed-SECURITIES”, THAT HAVE ZERO “MORTGAGES” IN THEM. The Insurance Frauds aspect of this centers on “Derivatives” that are taken as “Insurance Swaps”. The Clintons deregulated “Derivatives”, now there are 1200 Trillions owed. The “REMICs – Real Estate Mortgage Investment Conduits” are now, better-described as “REMIFs- Real Estate Monopolized Insurance Frauds”. The key is to awaken the US populace, expose the banker’s books (M3 has not been disclosed to the public since 2006), nationalize the banks and re-issue, new, “Greenbacks (they presently exist in the US Treasury, as a viable alternative to the “thing on the right)”, while seizing the banker’s phony money as evidence against them.
hardscrabble farmer
March 20, 2017 7:27 am
The pricing leaves out the massive discounts provided to Big Ag in the form of taxpayer subsidies. The actual number of eggs one dollar buys absent those is 2, and the amount of beef is roughly two ounces.
Ed
March 20, 2017 8:38 am
Actually a Flowing Hair dollar in that grade will buy what $20-30k of those paper certificates will buy, but I get the point.
TPC
March 20, 2017 10:10 am
I had a PhD in chemistry patiently explain to me why inflation is required for our modern way of life, that without inflation we would be in the stone age (added hyperbole mine).
One hallmark of a false narrative is that it requires an outlandish amount of set up. In order for someone to make the case for inflation they first have to build a set of scenarios that specifically meet their narrative, and then only argue within that framework!
It can’t deal with the arguments raised by Henry Hazlitt nearly eighty years ago! Thats because their contrived situations and very specific circumstances do not align with the results of the last eighty years, let alone the preceding millennia of government currency manipulation.
Inflation is theft, pure and simple. A hidden tax that allows those who live in the margins to skim money from every transaction the workers of the nation ever take part in. These bottom-dwelling margin scum include not only the government in the form of open taxes and bureaucracy, but banks and their assorted schemes as well.
CCRider
March 20, 2017 10:42 am
I believe the moment of Zen will come when the banksters try to collect on the U.S. debt. Assuming the Grecian model, rather than get paid back with dollars they intend to make worthless at the propitious time, they’ll instead focus on our national assets. Perhaps owning the water rights to the Great Lakes. Maybe take over federal lands containing the most resources. You get the picture. At that point the tact most advantageous to we Americans is to instead repudiate the debt, essentially to tell the vultures to take their debt instruments and wipe their asses with them. Then, I would imagine, the military will be called upon to enforce their “rights”. The moment of Zen has arrived. Now will the important segment of ‘our’ military stay true to their oath or will they Betraeus?
You know how the Shitheads in DC will react, trying to appease their benefactors-read owners. They will be near prostrate in agony over the prospect of repudiation, ignoring the fact that the Founding FATHERS actually made the process rather easy on the one in bankruptcy. They intended that both sides take their medicine quickly and start anew (according to de Tocqueville early Americans filed bankruptcy a lot. It’s an economic enema for bad business decisions-like trusting government to keep their word). The Shit’s will scream that to do so will mean that the government will no longer be credit worthy hence will, going forward not be able to borrow for a loooong time. And at that moment I will get that man-cherished condition; an erection lasting more than 4 hours.
That thing on the right is NOT a dollar. It is a note…a coupon, that can be presented to a bank to get a dollar coin or some combination of smaller coins making up a dollar.
The silver dollar on the left will not be honored by its silver content, that ended in 1968 but it will be honored for the $1 stamped on it. You could spend it for $1 but that would be stupid.
Hi Brian, the thing on the right is a “Federal Reserve Note”. In your description, you are defining what is a “silver certificate”, or, a “gold certificate”. A “Federal Reserve Note” is as useless as the intentionally-mislabeled, “Federal Reserve”, itself. Most people don’t realize the colonies created King George as the “Arch-Treasurer” of the United States at the end of the American Revolution. Since then the US has become a “Corporate Indenture” to the City of London. The last obstacle to a paper currency, not under the control of the criminal, English-based, central banking cartel, was removed when Abe Lincoln was assassinated (Lincoln created the “Greenback” dollar and he did so to shirk the parasitic English-based, criminal, central banking cartel). Presently, contrary to the US Constitution, Article One, Section Eight, the Criminal, English-based, central banking cartel has counterfeit over 1200 Trillions in the, now, wholly-Insolvent, intentionally-mislabeled, “Federal Reserve, notes, bills and bonds”, in service to an international attempt to undermine US “Sovereignty”, through “Securities and Insurance Fraud”. The Securities and Insurance Fraud is owed to criminal banking behaviors that center on “Mortgage-Backed-SECURITIES”, THAT HAVE ZERO “MORTGAGES” IN THEM. The Insurance Frauds aspect of this centers on “Derivatives” that are taken as “Insurance Swaps”. The Clintons deregulated “Derivatives”, now there are 1200 Trillions owed. The “REMICs – Real Estate Mortgage Investment Conduits” are now, better-described as “REMIFs- Real Estate Monopolized Insurance Frauds”. The key is to awaken the US populace, expose the banker’s books (M3 has not been disclosed to the public since 2006), nationalize the banks and re-issue, new, “Greenbacks (they presently exist in the US Treasury, as a viable alternative to the “thing on the right)”, while seizing the banker’s phony money as evidence against them.
The pricing leaves out the massive discounts provided to Big Ag in the form of taxpayer subsidies. The actual number of eggs one dollar buys absent those is 2, and the amount of beef is roughly two ounces.
Actually a Flowing Hair dollar in that grade will buy what $20-30k of those paper certificates will buy, but I get the point.
I had a PhD in chemistry patiently explain to me why inflation is required for our modern way of life, that without inflation we would be in the stone age (added hyperbole mine).
One hallmark of a false narrative is that it requires an outlandish amount of set up. In order for someone to make the case for inflation they first have to build a set of scenarios that specifically meet their narrative, and then only argue within that framework!
It can’t deal with the arguments raised by Henry Hazlitt nearly eighty years ago! Thats because their contrived situations and very specific circumstances do not align with the results of the last eighty years, let alone the preceding millennia of government currency manipulation.
Inflation is theft, pure and simple. A hidden tax that allows those who live in the margins to skim money from every transaction the workers of the nation ever take part in. These bottom-dwelling margin scum include not only the government in the form of open taxes and bureaucracy, but banks and their assorted schemes as well.
I believe the moment of Zen will come when the banksters try to collect on the U.S. debt. Assuming the Grecian model, rather than get paid back with dollars they intend to make worthless at the propitious time, they’ll instead focus on our national assets. Perhaps owning the water rights to the Great Lakes. Maybe take over federal lands containing the most resources. You get the picture. At that point the tact most advantageous to we Americans is to instead repudiate the debt, essentially to tell the vultures to take their debt instruments and wipe their asses with them. Then, I would imagine, the military will be called upon to enforce their “rights”. The moment of Zen has arrived. Now will the important segment of ‘our’ military stay true to their oath or will they Betraeus?
You know how the Shitheads in DC will react, trying to appease their benefactors-read owners. They will be near prostrate in agony over the prospect of repudiation, ignoring the fact that the Founding FATHERS actually made the process rather easy on the one in bankruptcy. They intended that both sides take their medicine quickly and start anew (according to de Tocqueville early Americans filed bankruptcy a lot. It’s an economic enema for bad business decisions-like trusting government to keep their word). The Shit’s will scream that to do so will mean that the government will no longer be credit worthy hence will, going forward not be able to borrow for a loooong time. And at that moment I will get that man-cherished condition; an erection lasting more than 4 hours.
NEWA FLASH>>>>>>>>>>>>>>>>>>>>>>>>>>
David Rockefeller has died at 101 today.
The celebrations will commence immediately.
Yep, ding dong, etc. Here’s an article from last year about him:
https://soapboxie.com/social-issues/David-Rockefeller
I understand he died of a wooden stake through his heart.
If by chance you thought you heard a sonic boom this morning, that was just the sound of old Rocky busting hell wide open !!!
Now if the Grim Reaper would do us a solid and pick up that SOS Soros, things may improve a little.
The look on people’s faces when I point out that “targeted” 2% inflation means in 10 years things are 20% more expensive is priceless.
Actually, it is 24.3% increase in prices. Inflation is added on top of inflation. So, 2% for 10 years is 24.3% increase in prices.
My bad. I was off 1 year. It is 21.9% NOT 24.3%.