The Value of a Dollar
Do you know what a dollar is? Answering that a dollar is a unit of money is correct, but, what is the value of our money?
Our Constitution mentions our “dollar” in only two places, First in Article 1, Section 9, Clause 1 and again in the Seventh Amendment. In Article 1 it permits “a Tax or duty…not exceeding ten dollars for each Person” [that the States saw fit] “to admit prior to 1808.” In the Seventh Amendment, it guaranteed trial by jury “[i]n suits at common law, where the value in controversy shall exceed twenty dollars.”
The Constitution did not define the amount of Precious Metals that backed this “dollar.” But, in the late 1700s no explicit definition was really necessary because it was common knowledge that we imported the Spanish milled Silver dollar. The Coinage Act of 1792, was signed into law by President George Washington, and it put into effect the monetary system our Founding Fathers had previously outlined for us in the Constitution. This law legally defined what was previously the common knowledge definition of a dollar:
“The money of account of the United States shall be expressed in dollars or units…of the value [mass or weight] of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure…silver.”
371.25 grains (troy) of .999 (fine) silver by today’s measure is 0.77 troy ounces of fine silver. As of this writing the downwardly manipulated price for 1 troy ounce of silver is $31.74. This would place the value of one Constitutional dollar at $24.44.
What’s in your wallet?
Obviously, we do not hold the Constitutional Dollars we were supposed to have. Just imagine the purchasing power if every dollar in your net worth was suddenly increased by at least $23.44? Sadly, today we hold the Federal Reserve Notes (FRN’s) that are, by design, worth less every passing year, and now every passing month.
Truth is stranger than fiction
They say that truth is stranger than fiction, and in the case of our dollar it certainly bears out. Paper money, or FIAT currency, was introduced as a convenience to the people. Argue with the pitch, ‘Why hold and carry that heavy, silver and gold bullion? Carry this paper, it is guaranteed to be worth the same as your Precious Metals.’ It sounds so innocent and harmless. The deception is so complete that today the debit card is being marketed to us in the same way the FIAT currency was two centuries ago; only now we have been conditioned enough to accept that a plastic card represents the same value as the paper it is backed by. Our paper money used to say right on it, “exchangable for gold/silver. That practice was phased out in the 1960′s.
Our ancestors trading in their Precious Metals for a paper symbol of their value was bad enough! Today we are trading in our Paper symbol of money for a plastic symbol of paper! We are accepting the symbol of a symbol of money-and thus we are twice removed from the understanding that the real value of our money was stolen from us years ago.
This deception has been played out in every civilization that has ever attempted to use a fiat currency.
In a world where like minded men have been killed or are being arrested for hate speech for communicating this truth does bring to mind George Orwell, “During times of universal deceit, telling the truth becomes a revolutionary act.” Yet, I write to educate- and believe me- I am only scratching the surface here.
The Federal Reserve Notes we use every day and believe are money, are actually backed by NOTHING but debt. More and more of this ‘money’ is being created everyday, but the illusion of intrinsic value in our ‘dollar’ is dying.
Men that have tried to change our FRN’s back to a Constitutional dollar-men like John F. Kennedy- have always been forcibly silenced. I have written about other Presidents that went up against the Federal Reserve and the “coincidental” assassinations and/or attempts made against their lives. All because these men wanted to do the right thing, and were in the position to really correct our course. Today, there are too many of us that know how sound money works. We are the bell-ringers, from blogs to emails and from water cooler conversations to our political platforms, we can choose to let freedom ring!
Every ounce of Precious Metal that is purchased and held is a direct assault against our current monetary system, yet it is also a peaceful act of passive resistance. I love my country and I want to share the fact that the Federal Reserve is no longer needed to issue and manage our money. I know President Washington and our Founding Fathers knew exactly what they were doing by making silver and gold available to We The People. We do not have a King here to hoard power or real wealth. EVERYONE has the right to earn and hold real wealth.
You can’t un-ring a bell
As I illustrated above, our flawed system is robbing us of our wealth. But, now that you have heard the truth, you can be a part of the solution. Henry Ford, founder and owner of Ford Motor Company, was one of the bell-ringers who understood sound money, he said “It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” I don’t advocate for a revolution, but I believe an evolution in every citizens understanding of sound money is necessary for our country to survive as our founders intended it.
Save for a rainy day
We are approaching the day when the United States of America will no longer be able to print money from thin air. If we reach this day by choice and return to a Gold and Silver standard, we will suffer through a decade or two of tough times. But, if we don’t do it by choice our dollar will lose it’s “reserve currency” status for the world. With that route the printing power is stripped from us as we will no longer be able to manipulate the world’s money supply.
Remember, we don’t only owe TRILLIONS of dollars, we owe interest on TRILLIONS of dollars! At a time when the United States of America, for the first time in history, is spending more money than we make. Do the math. Make the decision. Either way- the storm is coming.
D. James LaSalle
Ring them bells, St. Martha
For the poor man’s son
Ring them bells so the world will know
That God is one
Oh the shepherd is asleep, where the willows weep
And the mountains are filled with lost sheep. -Bob Dylan