In Our Midst
by Bill Sardi: What
Would Really Happen If Ron Paul Were To Be Elected President?
our money. This is a trick that has been played upon the masses
for centuries now. Mining interests in Arizona, however, want to
push on the American populace a flimsy copper-zinc-manganese-nickel
Susan B Anthony dollar-coin, actually only worth a few pennies,
and Congress is listening if for no other reason than political
donations. You can read the USA
Today story here.
The false argument
is that coins last virtually forever while paper money lasts on
average 42 months and the cost savings are estimated at $5.6 billion
over 30 years. This would trim $186 million a year off the annual
Federal debt of $1.5 trillion (or 1/100th of 1% of the
national debt). Here is real cost cutting at work my friend! The
Joint Committee on Deficit Reduction will hear arguments for greater
use of this pseudo-coin in an effort to reduce the national debt.
So itís a war
between lobbyists for ink and paper versus the miners. Special interests
have formed two camps, Americans For George (headed
up by the former chief at the Bureau of Engraving & Printing)
pitted against The Dollar Coin Alliance.
Of course none
of these interests see anything wrong with pawning off a coin that
costs 6-cents in metals as a dollar coin. Letís just call it a nickel
and be done with the debate. But when one group of counterfeiters
appeals to another group of counterfeiters it probably depends upon
which side has the mostÖ.(ha,ha)Öuh, money. This is almost laughable.
Tell all those
older women in the church I have attended who recently took a church-bus
tour of the Richard Nixon library and would never ever link counterfeiting
with "dirty tricks" Nixon who took the US off the gold
standard in 1971 as the last semblance of hard money. Poor Richard
Nixon is still robbing money from these church-going womenís banks
accounts from his grave. This shows you that you can fool all of
the people at least some of the time. America will wake up some
day, hopefully soon.
now is the time to get wise and realize the medium of exchange we
use in our daily lives had better be of limited supply or the money
makers can print or coin endlessly, beyond the rate of growth in
the economy, until they dilute the value of existing money and creates
a temporary spending spree that will end up increasing demand for
goods and services which then results in inflation (remember supply
and demand you learned in school?).
Oh, when did
that happen, you ask?
Well it is
kind of difficult to confront someone with the obvious. Just how
much has the US dollar been debased? Letís try 1600%. That is the
current value of a US minted 1-ounce silver eagle gold coin ($1600).
You: You mean
to tell me that the paper dollar in my wallet should be able to
buy $1600 worth of goods or services?
Me: Yes, that
is right. What did you think this means? It means youíve been fleeced
by that amount.
For the nation
to get back to hard money based on precious metals we all need to
undergo reality therapy. We are living in la-la land. When we elect
to pull our heads out of the sand we might realize we are being,
well, short changed.
in Europe debased coinage by removing silver and gold from their
coins a few centuries back the serfs rebelled and the monarchs lost
their heads Ė literally. If you want to keep being a victim of theft,
then donít report the crime and keep using the bogus money. You
are an unwitting co-party to the crime.
for other reasons (the coins are bulky), Americans have refused
to use the Susan B Anthony dollar-coins and the US Mint has over
1 billion of them stored in the closet. So government has literally
coined useless money. Another billion-dollar government boondoggle.
By the way, the melt-down value of those 1 billion Susan B Anthony
coins is $60 million. Want to save the government money? Cut your
losses and melt down the coins.
him mail] is a frequent writer on health and political
topics. His health writings can be found at www.naturalhealthlibrarian.com.
latest book is Downsizing
© 2011 Bill Sardi Word of Knowledge Agency, San Dimas, California.
This article has been written exclusively for www.LewRockwell.com
and other parties who wish to refer to it should link rather than
post at other URLs.†
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