Here is a Show and Tell Way to Help People Understand What Has Happened to Our Money
First, hand the person an old silver quarter (dated 1964 or earlier) and tell them that this is how much a gallon of gasoline cost 51 years ago…..25 cents!
Next, lay out 8 new nickel-clad quarters, 1 clad dime and 2 pennies on a table. Then explain this is how much a gallon of gasoline costs today, about $2.12.
Finally, explain that the silver quarter in their hand still buys one gallon of gasoline today, for that is how much the silver in that quarter is worth…About $2.12 at today’s silver spot price on the COMEX dated 4-22-09.
Beginning in 1965, our government started creating fiat coins by removing the silver (a precious metal) in dimes and quarters of the day. They replaced the silver in our coins with copper (a base metal), and then put a thin layer of nickel over the copper to make the new coins look like silver.
By doing so our government robbed us of our silver. They then conned us by making the new coins look like silver. And yes, that is what it was…a con job. Why else make the new copper coins look like silver?
By removing the silver, our government was free to produce as many coins as they wanted, thereby diluting the value (buying power) of our coins. The difference between the buying power of that 1 silver quarter today and those 8 nickel-clad quarters explains it all.
It’s not that the silver in old coins is worth more today on its own merit, it is not. Rather the value of the silver in old coins reflects the lessening value (buying power) of all the nickel-clad coins in circulation. The same holds true for paper dollars which at one time were redeemable in silver.
Prepare for the worst, and pray for the best.
Jim Lynn
Survive Economic Collapse