Bob Schulz speaks to the problem. (Approximately 10 minutes.)
What you can do to be part of the solution.
(Approximately 5 minutes.)
Sunday, May 25, 2008
Friday, May 09, 2008
WHAT WOULD IT COST IF WE HAD CONSTITUTIONAL MONEY?
Would you like to know what gas (and any other purchase) would cost if our U.S. currency was still based on the market values of gold and silver?
Click here to compare and calculate the purchasing power of money in 2007 dollars (the linked website has not yet converted to the further devalued 2008 dollars) compared to the same amount of dollars had Congress 'preserved, protected and defended' the Constitutional Coinage Act of 1792.
From the Economic Expert:
The Coinage Act, passed by the U.S. Congress on April 2, 1792, established the U.S. Mint and regulated coinage of the United States. The long title of the legislation is An act establishing a mint, and regulating the Coins of the United States.
By the Act, the Mint was to be situated at the seat of government of the United States. The five original officers of the U.S. Mint were a Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer (not the same as the Secretary of the Treasury. The Act allowed that one person could perform the functions of Chief Coiner and Engraver. The Assayer, Chief Coiner and Treasurer were required to post a $10,000 bond with the Secretary of the Treasury.
Notably, the act established a decimal standard for U.S. currency. The Act authorized production of the following coins:
Eagles - $10 - 247 4/8 grain pure or 270 grain standard gold
Half Eagles - $5 - 123 6/8 grain pure or 135 grain standard gold
Quarter Eagles - $2.50 - 61 7/8 grain pure or 67 4/8 grain standard gold
Dollars or Units - $1 - 371 4/16 grain pure or 416 grain standard silver
Half Dollars - $0.50 - 185 10/16 grain pure or 208 grain standard silver
Quarter Dollars - $0.25 - 92 13/16 grain pure or 104 grains standard silver
Dismes - $0.10 - 37 2/16 grain pure or 41 3/5 grain standard silver
Half Dismes - $0.05 - 18 9/16 grain pure or 20 4/5 standard silver
Cents - $0.01 - 11 penny-weights of copper
Half Cents - $0.005 - 5 1/2 penny-weights of copper
Continue here with this excerpt from the Economic Expert . . . Or, take 3 minutes to view the following "Nutshell" overview of an underlying Truth that is at the root of our sovereign nation's economic woes.
From the Economic Expert:
The Coinage Act, passed by the U.S. Congress on April 2, 1792, established the U.S. Mint and regulated coinage of the United States. The long title of the legislation is An act establishing a mint, and regulating the Coins of the United States.
By the Act, the Mint was to be situated at the seat of government of the United States. The five original officers of the U.S. Mint were a Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer (not the same as the Secretary of the Treasury. The Act allowed that one person could perform the functions of Chief Coiner and Engraver. The Assayer, Chief Coiner and Treasurer were required to post a $10,000 bond with the Secretary of the Treasury.
Notably, the act established a decimal standard for U.S. currency. The Act authorized production of the following coins:
Eagles - $10 - 247 4/8 grain pure or 270 grain standard gold
Half Eagles - $5 - 123 6/8 grain pure or 135 grain standard gold
Quarter Eagles - $2.50 - 61 7/8 grain pure or 67 4/8 grain standard gold
Dollars or Units - $1 - 371 4/16 grain pure or 416 grain standard silver
Half Dollars - $0.50 - 185 10/16 grain pure or 208 grain standard silver
Quarter Dollars - $0.25 - 92 13/16 grain pure or 104 grains standard silver
Dismes - $0.10 - 37 2/16 grain pure or 41 3/5 grain standard silver
Half Dismes - $0.05 - 18 9/16 grain pure or 20 4/5 standard silver
Cents - $0.01 - 11 penny-weights of copper
Half Cents - $0.005 - 5 1/2 penny-weights of copper
Continue here with this excerpt from the Economic Expert . . . Or, take 3 minutes to view the following "Nutshell" overview of an underlying Truth that is at the root of our sovereign nation's economic woes.