Updated! Have FUN sharing real money stories ~ I hope this helps!Submitted by nmlifestyles on Thu, 08/20/2009 - 09:35
I purchased some $100 Trillion & $100 Billion notes from Zimbabwe on Ebay ...(: http://stores.ebay.com/ZIMBABWE-CURRENCY ) I hand them to cashiers all over town and ask if they can make change! I also hand them to legislators and tell them I want to pay off the entire national debt!
Then I tell them this is what happens when a country prints up to much paper (fiat) money like our Federal Reserve does today, which btw has NEVER been audited since 1913. (hyper-inflation)
Most people don't know the Federal Reserve in no more Federal than FedEx. (that's why the Fed's phone number is NOT in the Blue Pages in your phone book!)
I then ask them if they know of any gas stations in town selling gas for a quarter a gallon? (answer - ALL of them!)
I show them a 1964 Quarter (silver) and ask them if they remember when gas was 25 cents per gallon at the pumps? (back in 1964) So, you can still buy gas for a 25 cents a gallon as long as it's a SILVER (pre-1964) quarter!!
Today it's worth $5.88! Updated 11.15.12 (see http://www.coinflation.com/coins/silver_calc.php)
Then I ask... "I wonder, where the difference went from the 1964 silver quarter to the 2012 paper dollars?" (90% difference in value)
If I still have their attention, I tell them the story about how Henry Ford in 1912 used to pay his factory worker $5 per day (which was considered good wages back then) So I ask them if they would work for $5 per day? They always reply to the contrary. Then I point out that in 1912 BEFORE the Federal Reserve a 1912 $5 gold piece (.232 OZ) $1718 is now worth about $388 in GOLD at today's market price ... $388 X 25 work day = $9,700/mos!!
Would you work for $9,700/mos?
Then again I ask them where did the difference go between gold money vs. paper (fiat) money?
Have FUN sharing REAL money stories ~ I hope this helps!