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COMPARE.. THE 20.00 BILL IN THE PICTURE
Submitted by SIERRAHPBT on Wed, 06/11/2008 - 16:25
Compare the 20.00 bill in the picture to the one in your wallet?? http://jsmineset.com/cwsimages/Miscfiles/6259_GoldBackedMone... » |
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Under the pretense to end the Great Depression
Came the 1933 Gold Seizure .As a final component to the Roosevelt Admininstrations desire to increase prices was to devalue the dollar. To do so required that the dollar be uncoupled from gold.
On April 5,1933 Roosevelt signed executive order 6102 which ordered people to turn in their gold to the government at payment of $20.67 per oz.
"Obamney care," Nuff said.
I have some old gold and silver certificates also and, when
they could be redeemed, they were "good as gold", but they were still not gold. I still think that Justice Salmon Chase delivered the proper judgement in 1870 in Hepburn v. Griswold in finding the legal tender acts, at that time, unconstitutional. Even when the court, 14 years later, decided to allow the government to print notes, redeemable in gold, to circulate as currency, I think Justice Field's dissenting opinion in Julliard v. Greenman (1884) documents many of the economic, legal and social disruptions that will occur when an economy is not built on sound money. Much of what he predicted in his dissent has come to pass.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
I do understand, just don't think it should be our only choice.
I've read that one of the reasons that FDR stole our gold was because there already was an over issuing of bills and not enough gold to back them. If we don't hold the gold in our hands how will we really know that the gold exists? I've heard ideas to have e-gold transactions, but how would we really know that there was really enough gold to back all the transactions unless everyone was to withdrawl and find out, they could just be playing a shell game with gold, shuffling it around and printing without actually having the gold to back it. Do you honestly trust the government to have this power? That is why I think we could make due with for example ethanol as money, people would get a certificate entitling them to 1 gallon of ethanol, or smaller amounts if necessary. The certificates would be constantly in check as you consumed the product. Gold could also be a part of a basket of commodities that could be used as money, but the market would decide. You do know that even with gold there is inflation and deflation in prices. If you have a shortage of corn on the market the price of corn cost more gold, if you have an over supply of corn on the market the price of corn goes down.
grant
Ethenol can't be money because it is perishable.
It can be a store of value.
Where is all the land going to come from to grow all the corn to use, not only as fuel, but "money" as well?
I believe the reason FDR confiscated gold was to "encourage" people to spend money on consumer items and not spending it by buying and hording gold, as well as, forcing the "horders" back into the marketplace. Redistribution of wealth.
Physical gold and silver are money. It has survived all attempts at alternate currencies -- shells, whiskey, pelts, grains, etc. If you want to reinvent the wheel to suit your paradigm that is your choice. In the meantime, I'm happy to take a silver coin from SIERRA for my loaf of bread.
___________
Lisa C.
http://www.women4ronpaul.com/
"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all."
-Dale Carnegie
Ron Paul "Sign Wave Across the USA" -- November 5th!
I use this to teach my kids
How our money is stolen by the government and the Fed.
A dollar was defined as 1/20 of an ounce of gold.
I told them if my great-grandfather had taken that $20 bill and put it in an envelope and handed it down to my grandfather, who in turn handed it to my father, who in turn handed it to me, and I gave it to my kids, they could take it to the store and buy $20 worth of products.
But, if my great-grandfather had exchanged it for a $20 gold coin, and handed the coin down, etc. my kids would have a one ounce gold coin worth about $950.
The looks on their faces were priceless (no pun intended)!
Let's Reign! (Rev. 5:10)
Let's Reign! (Rev. 5:10)
Valrico (Hillsborough County), Florida
all our kids need to be
all our kids need to be taught this way!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
holy crap
i've never seen one of those before.
Nice!
A reminder of when money was really money!
I need more of those.
Actually, we all do.
Anyone one know how much gold you were entitled to?
How much gold would you get for this $20 dollar bill, one (1) ounce? Or had they already devalued the certificate to $35 dollars for an ounce?
grant
I believe it was one ounce.
___________
Lisa C.
http://www.women4ronpaul.com/
"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all."
-Dale Carnegie
Ron Paul "Sign Wave Across the USA" -- November 5th!
That's an ounce of gold.
What are you saying "no" to?
___________
Lisa C.
http://www.women4ronpaul.com/
"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all."
-Dale Carnegie
Ron Paul "Sign Wave Across the USA" -- November 5th!
Yes, I know what they weigh.
Fractional amounts don't look as tidy on those pretty bills though, do they.
___________
Lisa C.
http://www.women4ronpaul.com/
"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all."
-Dale Carnegie
Ron Paul "Sign Wave Across the USA" -- November 5th!
whatever the current value of $20 in gold is
Nes pas ?
"Obamney care," Nuff said.
see Grant, you can have a
see Grant,
you can have a gold standard as long as physical gold backs the paper money.. another words, for every 20.00 the treasury would print they had to have enough gold to back that 20.00 so the owner could go to the banks and exchange it!.. buy having the currency backed by gold it limits the government on spending thus limiting is power! this is why they don't want a gold standard becuse there is not eneough gold in the world to back all the paper they have printed!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
It does not say Federal Reserve Note
The ones from the Kennedy administration backed by silver dont say it either. I wonder if this is just a coincidence ?? I think not.
"Obamney care," Nuff said.
Yeah,
That one represents value while the one in my wallet represents debt.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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the one in the picture
the one in the picture restrains government! thats what I like about it!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I had one...
once, but it got stolen. But, yep, that's it, all right!
They all got STOLEN!
:)
Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.
hey thats real money
hey thats real money
Well George Washington isn't
Well George Washington isn't on my $20....
Of course, my $20 isn't backed by gold either.
yeah
Depending on condition yours is worth between $50 and $1,300. The one in my wallet is worth approximatly bupkis in any condition. but Ill be happy to give you $20 in gold for yours : )
Sure
The one in the picture is real money and the one in my wallet is Monopoly money.
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22