1 vote

I was listening to a talkshoe the other night with David Clarence and Jean Keating.

David is a Biblical and Trust Law scholar (really sharp) and very well versed in both.

At some point in the recording he's talking to someone that called in and said "I don't know why everyone's running out and buying up all this silver, all they need to do is start converting their larger bills to one's".

http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=3...

I thought WTH?

He goes on to explain that .....

In the scriptures it says: He who has the most will obtain the least, and he who has the least will obtain the most. So when they bring in the new currency, the man standing at the Federal Reserve window to trade his worthless money in that’s holding a 5, 10, 20, 50, 100 dollar bills, will walk away from that window with the least. The man who has a handful of 1 dollar bills will leave that window with the most, and those dollar bills will be worth much more than a 5, 10, 20, 50, or 100 dollar bill.

Why is this? Because the dollar, whether it be a silver dollar or a 1 dollar bill is the only lawful currency of the United States. The Constitution tells congress they have the authority to regulate the weight and measures; the value. They haven’t changed the 1 dollar bill in forever, but they keep changing the other denominations, ever notice that?

A 100 dollar bill is actually 1/100 th of a ‘dollar’, and a 10 dollar bill is only 1/10 th of a dollar. It’s an illusion. The dollar is different than a 5, 10, 20, 50, or 100 dollar bill. If you look at the seal on
In the front left of the dollar, you’ll notice it says around the seal “Federal Reserve Bank of (insert city and state here)”, it’s because it’s a “BANK NOTE”. Now look at the 20 dollar bill and you’ll notice it only says “UNITED STATES FEDERAL RESERVE SYSTEM”, because it’s a Federal Reserve Note ……. Two totally different things. The dollar is worth something, and the Federal Reserve Note is not.

The Fed debt is base on how many “DOLLARS” are in circulation; they must have so many “DOLLARS” in circulation to issue 5, 10, 20, 50, and 100 dollar bills. There is NO bill anywhere worth more money than a 1 dollar bill. So don’t worry about buying silver and gold if you can’t afford it, just start converting your larger bills to 1’s.

Everything we hear about our currency is "The US Dollar". You never hear the "The US Twenty Dollar Bill" or "The US One Hundred Dollar bill", that's because everything is base around the DOLLAR. It's the only true currency.

Just to prove to you how much purchasing power one US Dollar has (as in a one dollar bill), you can go to any bank in town, and if they have a silver dollar in their drawer at the window, you can exchange your one dollar bill for the silver eagle dollar. I did this the other day with two one dollar bills. I bought \$60.00 worth of silver for 2 bucks. What does that tell you? That tells you that a silver dollar is exactly one ounce of .999% pure silver and right now it’s trading for about 28.00 to 30.00 per/oz. That means your one dollar bill is worth 28.00 to 30.00 or whatever the price of silver jumps up to.

I bought two American Eagles (just exchanged them) for two one dollar bills.

Now don’t get excited and think you’re going to call all the banks in the metro tomorrow and buy a bunch of silver for \$1.00 and ounce and get rich, because there are a lot of guys out there who know what’s going on and have close relationships with their bank and when the get silver dollars in the banks call them. Just start asking when you go to the bank if they have any silver dollars in the drawer, and if they do, watch what happens when you ask to trade your one dollar bill for the silver dollar; they’ll hand it right over to you, no questions asked.

Now the Fed doesn't send the real silver dollars out anymore, just the newer fake ones, but if there's a silver dollar in that drawer that a customer brought in and exchanged it for a one dollar bill, the teller will exchange it for a one dollar bill no questions asked.

Remember, a silver dollar is a dollar bill, and a dollar bill is a silver dollar, they are the exact same thing. So don’t go out and spend up all your money buying silver dollars from local coin ops or online retailers for \$30.00 each. Instead, just start cashing in your larger bills for one dollar bills.

When it comes time to go to the Federal Reserve and trade in your worthless 5, 10, 20, 50, and 100 dollar bills, the exchange rate is going to be very low; as in \$10,000.00 worth of those bills may only be worth \$3 - \$4,000.00 ……… BUT ….. if you have \$2,000.00 dollars worth of one dollar bills and the price of silver is \$100.00 per/oz, you’ll be able to cash your one’s in for
\$200,000.00 worth of the new currency ….. That’s Two Hundred Thousand Dollars.

As the Scriptures say: He has the most (5’s, 10’s, 20’s, 50’s, 100’s) will obtain the LEAST, and he who has the least (1’s) will obtain the MOST ……. Get it?

Now I don't know if the government will honor this exchange rate when the new currency comes into play, but this overall theory just blew my mind and makes perfect sense.

The US Dollar is one powerful unit in and of itself. It's how many DOLLARS that are in circulation that's important, not the higher denomination bills.

I think I'm going to save both, one dollar bills and silver dollars.

Wouldn't be hard to put back \$500.00 in one dollars bills. If this theory is correct, and silver jumps to \$100.00 per/oz, then the one dollar bill will be worth \$100.00 too.

Let-R-Rip!

## Comment viewing options

### The part about asking for a silver coin at the bank...

Is true... according to the bank teller I just spoke with. She said that she has only had silver coins once. But if they do have them, they are required to treat them as \$1. - So it's worth asking...and developing those relationships with bank tellers!

The biblical application, however, may be one of the most unbiblical applications I've ever heard. Other than Jesus coming to give you "Your Best Life Now!"

"And what do you benefit if you gain the whole world but lose your own soul?" and "If anyone would come after me, he must deny himself and take up his cross and follow me. For whoever wants to save his life will lose it, but whoever loses his life for me will find it." -Matthew 16:24,25

Check out http://iroots.org/
"If you’re into political activism, at least for Ron Paul if not for anyone else, I strongly recommend spending some time with iroots.org." - Tom Woods

### A bit off topic

but if or when TSHTF silver coins will be usefull to hammer into fishing lures and FRN's will be great for kindeling a fire with.

I love liberty like fresh cool air in my lungs.I love freedom like fresh cool water on my tongue.I love peace like the smooth skin of my sweet lady.And Dr.Ron Paul is the hero I believe will change the world.

### This is going to sound

This is going to sound insulting, but leave it to the christians to tell us something else that will reduce our ability to survive.

I will insist on buying even more silver and gold. Since the christians will listen to this guy, it will increase the supply and lower the demand for silver for people like me... and then I won't have to pay as much of a premium. Thank you christians! You really do embody self-sacrifice for your fellow man!

### It is an awfully broad brush you continue

to paint Christians and Christianity with... It is odd to me that you being an Atheist know an awful lot of christians and claim to know what all or most Christians think... While I (a Christian) don't know a single Christian who thinks the way you claim they do.

This guy (dollar bill guy) is flat wrong and possibly nuts. I know of NO CHRISTIANS who are hording dollars instead of real money and no one I know (christian or not) who will in any way be swayed by this guy.

....where the Spirit of the Lord is, there is LIBERTY. 2 Corinthians 3:17(b)

***wants are unlimited, means are scarce...***

### from original posting

"That means your one dollar bill is worth 28.00 to 30.00 or whatever the price of silver jumps up to."

Statements like this are on their face ridiculous and don't attract people to our message of freedom and liberty. Saying things like this leads people to use phrases like "nut job" and "loony".

What is your purpose by saying things like this?

### What bank ever has a real silver content silver dollar?

Anyone with a silver dollar knows that he can go to a coin shop and get way more than a one dollar bill.

Don't you think that if you went to a bank with a \$5 bill and the bank had 5 silver dollars, that they would give you the silver dollars for the \$5 bill as easily as they would give you one silver dollar for a \$1 bill? Actually they could give you a Susan B Anthony coin, which is just base metal, for a \$1 if you demanded coins.

This whole argument is bull. For years there were actually silver certificates issued by the US which said, "silver certificate" and "one dollar in silver payable to the bearer on demand". Now all bills in circulation clearly state "Federal Reserve Note" and there is no mention of silver redemption on any of them.

All these Federal Reserve Notes today are general liabilities of the Federal Reserve Bank. You can't get anything for them at any bank other than debased coins, or exchange them for a checking or savings account balance.

But there is some logic to your suggestion. If you have five \$1 bills instead of one \$5 bill, you can wipe your butt several more times when all they are worth is the paper content.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

### If you are going to save \$1 bills

at least the inherent melt value is not wasted.

### i was thinking it could be

i was thinking it could be used as evidence against the bankers.... hidden in plain sight, and the penalty for fiat currency was death when the republic was formed.

lawrence

### but death seems barbarically

but death seems barbarically & sublimely Roman... i would just put their moloch & pyramid worship to just being mistaken, and assume they will be ashamed for they've done, eventually.... just personally thinking, that they will all change overnight, and learn to become good people again.

lawrence

### i wish my uncle were there

i wish my uncle were there when they were kids, so he take a fireant and let crawl around his finger and show them that they do have formic acid and it is poisonous, but they need it more to defend themselves w/ and they will crawl all over you all day without stinging you. only when they are harmed, do they sting. something for a little boy to think about. eh, little psycho Geithner?
they have nurseries for their little devil imps... i met ben bernanke and his psycho kid... his kid was all "me me me" and didn't even bother to take a deep breath and patiently think about why he liked the stuff he liked....i hate to wonder what he is turning out to become right now as he has become an adult.

lawrence

### it made me think to myself,

it made me think to myself, whether or not he did like those things... it was as if Big Ben told him that humans are going to be your play things, and the poison you feed on in life will breed you to understand humanity in Ben Bernanke's image

lawrence

### Hmmm...

Maybe I missed the point, but in using the same logic, why not trade your \$1 bills that you're collecting for rolls of pennies instead. It still fits the least will recieve the most philosophy, although in my personal perception, I don't think that's what the Bible was refering to.

Anyhow, atleast they used to be copper, perhaps there is some value left even in the newer minted ones for a time when SHTF.

And furthermore you're guaranteed to be "that guy" in the grocery store line paying in change pissing everybody off if nothing happens 20 years from now, just like "that lady" now-a-days with food stamps.

Just another wicked thought.

Respectfully.

### Because the dollar bill exchange

is a dollar for a dollar. And a dollar still has a definition in law.

And to Ryan, below, there is a possibility that the one dollar bill is more than a Federal Reserve Note and is a bank note. The seal on the left is different from those on the other denominations. I subscribe to the notion that nothing is by accident with government. So I am not convinced that the reason the Washington bill has not been re-printed is because "no one would counterfeit them."

I am not fully convinced of these possibilities, but I am open to testing the notion.

### the definition of a dollar in law is ambiguous

and there is no possibility of the silliness suggested here.

The seal change occured for all non-one denominations in 1996.  The constraints that would impose on the situation, if true, are laughably improbable:
http://www.dailypaul.com/node/153001#comment-1616368
http://www.dailypaul.com/node/153001#comment-1616523

"You underestimate the character of man." | "So be off now, and set about it."

### wish we could vote on posts -1

The \$1 bill is a Federal Reserve Note. This entire post is untrue.

That interpretation of the Bible is both ridiculous and is exactly the opposite philosophical point.

### Not the part about exchanging

Not the part about exchanging \$1 silver coins for \$1 dollar bills. That's their denomination.

### Explain more

I have \$100,000 in USD, where can I exchange that for 100,000 silver eagles if I cash out 100k \$1s?!?

### So goes the lawsuits...

Remember the story of the man paying his workers in Silver Eagles and his legal troubles?

He was paying them with something worth more than the printed value on the back of the coin, yet he claimed he paid them only the value printed on the face of the coin.

I'm not sure what the outcome of the lawsuit was...I'm sure you can google it and read about it.

Anyhow, at present, if you take your silver eagle to a store and buy something with it, you can only get \$1 worth of stuff, even though the intrinsic value is much higher and the IRS expects you claim the higher value than what you can buy at a store?

Why not mint them with the correct value in the first place?

I still like my interpitation of how Jesus deals with this issue explained in James. The corrosion on the gold and silver will testify against them. In other words, the green shit that grows on the dime and quarters will testify that the coins are not of just value, and that somebody is hording the real stuff somehwere, in the End.

Respectfully.

### ...

I think the result was that you pay taxes on the face amount, which is an awesome loophole.

The real "value" is energy anyways. BTW there are much more profound stories about gold & silver in the Bahir and other ancient Jewish texts.

Your response really didn't apply to what I was saying. The OP is simply wrong in his assertions.

### Silver coins are legal tender

Silver coins are legal tender (\$1). They legally are \$1 USD. If someone who has no idea about silver prices, and there are many, they could give them to a bank. Go to the bank, hoping they have some, and they will give you a silver coin for \$1 USD. Most likely they wont have any. It is the same as if you were to get a pre 1965 quarter for a quarter. I know this is true because I have a friend that works at the local gas station and at times older people will purchase things with older currency and metals. My friend got a Morgan or Peace dollar from this. He isn't suggesting that you can freely exchange them but if a bank has them they'll exchange for those \$1 USDs.

### so what?

That's not really compelling. It's predicated on a mistake people make where they lose value.

### one dollar bill subject

Just for the record:
In the dollar bill subject the writer used the same incorrect word twice.
TALKSHOE IS TALKSHOW
I never hear a shoe talk.

### No I meant exactly

what I said: Talkshoe.

http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=3...

### Ed Sullivan

Used to say"Tonight folks we have a really big shoe"I guess I am old to remember this.

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

Yeow!

### Comical and sad all at once. This is just hooey.

#1 - I love it when people try to use scriptures to justify something. People who do this usually don't have a clue. (as in this case) Maybe, just maybe, their luck would be that the "most" would be by quantity, so if you have a larger "amount" of 1.00 FRNs versus fewer 100.00 FRNs, you'll have "more" and so get "less." The entire exercise is absurd.

#2 - the Dollar is not lawful currency only in the United States. It is used elsewhere. Additionally, a dollar has been used as money quite lawfully the world over for about 500 years now. The U.S. simply adopted it as its unit of account for the government books.

#3 - A dollar and a Federal Reserve Note, are NOT the same thing. One is a specific measure of pure silver. The other is merely a piece of paper with the word "dollar" printed on it. Printing the word "dollar" on a piece of paper, does not magically transform that paper into a silver coin containing 371.25 grains of pure silver, nor does it raise the value of the paper to the same purchasing power as that silver coin.

A "dollar" is not simply an abstract accounting unit. It is a specific weight and measure of silver.

We do not use dollars in the U.S. any longer. (at least not on a wide spread basis)

#4 - Regardless of denomination, all paper currency in the U.S. circulated by the Federal Reserve System are Federal Reserve Notes. ALL of them, 1,2,5,10,20,50, and 100. They are all the same as far as their status and type are concerned. They are ALL bank notes of the Federal Reserve. I don't know what bills you were looking at, but I have one of each denomination right now and everyone of them says "Federal Reserve Note" on it.

The idea that 1.00 FRNs are somehow special is absurd.

They don't change the unit version because there is no need to, because the reason for changing the others is to thwart counterfeiters. No one bothers to counterfeit the unit version. It would take more effort than you'd get out of it.

#5 - if you managed to get 2 silver eagles for 2 unit FRNs from a bank, you either were dealing with an absolute moron at the bank who will probably be chastised later for their stupidity, or else you are lying. It would be rare for a bank to even have a single Silver Eagle in their possession, much less two, and then at that to exchange them for merely a single FRN each. While I don't rule out someone being so blatantly stupid, I would call foul on anyone claiming they could pull this off a second time. This exercise does not show the paper equals the silver, but rather the teller was a moron.

#6 - I'll stick with my silver, thanks. You can have all the unit FRNs you can get your hands on. Since you're more concerned with keeping the FRNs, I'll trade you all the unit FRNs I can find for your silver eagles. (which are NOT dollars either by the way)

### In regards to point #5,

how do we get more morons to work as tellers? That's the undoing of the Fed right there!

### \$1 coin

"the dollar, whether it be a silver dollar or a 1 dollar bill is the only lawful currency of the United States."

Whether or not you believe this theory about a future exchange of physical paper notes, why did they ignore the benefit of \$1 coins from the US Mint?

The \$1 coin is fiat (not silver), but unlike the Federal Reserve Note it is not backed by debt. \$1 coins take the Fed out of the picture.

Get them from a local bank or order with free shipping from the US Mint website.
http://catalog.usmint.gov/webapp/wcs/stores/servlet/Category...

We have what we need to stop using Fed notes right now. Get started!

### Interesting but...

worthless!

88.5% copper, 6% zinc, 3.5% manganese, 2% nickel
\$1.00 = \$0.0745997

Dimes are more valuable. I'm curious though how the US Mint says that \$1 coins circulating will save the nation money? Besides longevity, anyone know what they mean?