Very Strange Use for Silver Coins
by Simon Black: This
Free Country Should Be on Your Radar…
republica plurimae leges. [The more numerous the laws, the more
corrupt the state.] ~ Tacitus, the Annals ca. AD 69
of what is legal has become a truly bizarre concept
these days. Developed nations of the west have hundreds of thousands
of pages of rules, codes, regulations, laws, decrees, executive
orders, etc., many of which are contradictory, archaic, and incomprehensible.
free nations, the law is selectively enforced, selectively
applied, and completely set aside whenever it pleases the state.
As such, even the most harmless of activities (operating a lemonade
stand, collecting rainwater, etc.) can be cast as illegal
while the direct theft of peoples wealth through taxes and
manipulation of the currency is considered legal.
There is no
morality anymore in the law. And even still, whatever few activities
may still be considered legal are subject to consequences
if the enforcers simply decide they dont like it.
I have a good
friend you might like to hear from on the subject; his name is Jake
Lawless (an assumed pen name for reasons which will become obvious),
and he is a bit of a master when it comes to skirting the line between
whats legal, and what they just dont like.
beneficiary of mortgage brokers who believed that housing prices
would rise forever. The US real estate crash, plus high gas prices,
forced a lot of people to sell their luxury vehicles
sudden glut caused prices to fall dramatically.
think much about the market for pre-owned luxury cars until one
day an engine fire from a cracked turbo manifold in my truck left
me stranded. After a days search, I found a beautiful car
for sale in Nevada, and the asking price was a fraction of the pre-crash
I then contacted
the dealer, wired a $500 deposit, and bought a ticket to Las Vegas
all after explaining that I wanted to purchase the vehicle with
pre-1965 US quarters.
You may know
that, before 1965, many US coins had a very high silver content.
As such, they had intrinsic value
real worth, completely independent
of faith or because we decree it thus.
I put roughly
4,000 of these quarters (~$1000 of face value) in a carry-on bag
and headed to the airport. The quick math is this 4,000 pre-1965
quarters contains 715 ounces of silver. At the time, silver was
about $35/ounce, so 715 ounces was worth $25,000. In other words,
every single quarter had a silver content worth about $6.25.
At the airport,
I played my part in security theatre, dutifully removing my shoes
after heaving my luggage onto the conveyor. There was a flurry of
activity on other side of the x-ray machine. A crack TSA operative
stormed up, indignant. WHOA sir
I have to inspect your
there is no law against transporting 54 pounds (24.5 kg) of quarters
onto an airplane, but that didnt seem to matter. He just didnt
like it. The TSA guy opened my luggage to find a ziptied cloth bag
the rest of the article
© 2012 Sovereign Man
Best of Simon Black