Have you considered saving your ONE dollar bills instead of buying silver dollars?Submitted by The South on Sat, 12/25/2010 - 21:55
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".
He starts talking about this at about 2:35:00 in the 11/22/10 talkshoe on this page,
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.