USA money went off course in 1873, not 1970

While Nixon’s move to ‘close the gold window’ is famous, the banker and government shenanigans began in 1873 when the ‘coinage act, passed after the war, moved the economy away from the one-ounce silver dollar and towards a one-ounce gold dollar, which had far greater value and was not usable day-to-day — at all.

The 1873 Coinage Act, from what me could gather, ended the U.S. Mint’s service of minting raw silver into one-ounce rounds where were considered money. Instead, only gold would be minted into rounds.

Then in the 1920s and 1930s, most references to metal were dropped and United States moved to fiat money. This is why there was the roaring 20s, with bank notes printed promiscuously, but then the banks abruptly stopped this to generated the crash. All by design, so that those in-the-know would sell before the crash, then buy back shares at 1/10 the price.

More well known is that in 1970, Nixon ended the government’s practice of redeeming bank notes into actual gold. This was called ‘closing the gold window’ but was really the culmination of mass theft of the gold reserves by the very people who are tasked with safe-guarding our common assets.

Here we are now in 2024 and we need to stop using their fake paper and digital money which only they can create for themselves.

The solution is to start using ’rounds’ (don’t call them coins) for barter (not selling).

We don’t care about ‘legal tender’ because we are not part of the legal society. Tender, by the way, means boat.

See the list of barter items that hold value, unlike federal reserve tokens.

See Also:

Precious-metal Barter Items

MetalSizeFR Token CostDealer & Link
Copper1 oz~$2.50Golden Eagle
Silver10 oz~$5.00Golden Eagle
Silver1/5 oz~$10Golden Eagle
Silver1/2 oz~$20Golden Eagle
Silver1 oz~$32Golden Eagle
Gold1 gram~$95Golden Eagle
Gold10 grams~$810Golden Eagle
Gold1 oz~$2,500Golden Eagle

Notice: United States of America. Not territories, land, ports, etc. of United States, in Congress Assembled. Not related to the territories.

Learn how to value metal rounds and bars.

Call them ‘Federal Reserves’ because they have not been dollars since August 15, 1970

We need to stop referring to Federal Reserve notes as ‘dollars’. A dollar was a one-ounce gold coin. But since August 15, 1970, Federal Reserve stopped redeeming their notes for one-ounce gold coins. So it only makes sense to stop referring to them as dollars. Federal Reserve notes, on that day, became tokens or symbols.

From Brave AI: “When did Nixon close the gold window? On August 15, 1971, President Richard Nixon announced that the United States would no longer honor its promise to redeem dollars for gold at a fixed rate of $35 per ounce. This event is commonly referred to as the “closing of the gold window.”

Consider if we all wore the basic winter coats and we all checked our coats and received coat-check tickets. Then we started to trade these tickets as currency. But then someone steals all the coats. Should we still refer to them as coat-check tickets? Or are they just tokens? Federal Reserve used to issue certificates, and then notes, that we redeemable in gold or silver. Now, they are not redeemable. Hence, they can only be considered or called tokens.

I actually suggest calling them ‘Federal-Reserves’ or maybe ‘FRs‘.

These past few weeks I was calling them ‘tokens’ or ‘Federal Reserve tokens’. It’s more specific and quicker to just say one silver ounce is priced at 30 Federal Reserves (see price). Similar to how one might have said the “Spanish Real”

From Brave AI: “What was a Spanish real? The Spanish real was a unit of currency in Spain for several centuries after the mid-14th century. It was originally worth 3 maravedis, the Spanish currency since Alfonso VI. The real underwent several changes in value relative to other units throughout its lifetime until it was replaced by the peseta in 1868. The most common denomination for the currency was the silver eight-real Spanish dollar (Real de a 8) or peso, which was used throughout Europe, America, and Asia during the height of the Spanish Empire. The real was also used as a reference currency for world trade, and the English in the American colonies called it the Spanish dollar, eventually adopting it as their own.”

Assorted silver rounds offer best price and even better paying by check

Buying ‘assorted’ silver rounds offers the best price on a one-ounce silver coin. The coin dealer sends what they have. It’s enjoyable to see what gets delivered, to see the design, shape, and luster.

Paying via credit-card adds a 3% premium vs paying via check. Unless one needs the coins asap, a check seems sufficient. Some coin dealers might even be a recognized store and maybe the banks can send payment electronically.

Coins offered here: Silver Bullion 1 oz Round .999 fine (Manufacturer Our Choice)

Learn to value silver coins. My order from coin dealer. 1 oz, 1/2 oz, 1/5 oz, 1/10 oz.

This video explains how to value silver coins of weights ranging from 1 oz to 1/10 oz. For example, a one ounce coin is worth about 28 FedReserve ‘dollars. While a 1/10 ounce silver coin is worth five FedReserve dollars. The combined cost or value of 10 of the 1/10 coins is 50 FedReserve dollars, showing that the smaller size carry extra minting and processing fees. Conversely, a 100 oz silver bar would have a per ounce cost much lower than a one ounce silver coin.

Links to the Coins on GoldenEagleCoin.com

Without United States. Without prejudice. Not corporate or commercial. Private, not public. Trade, not commerce.

Maverick: Top Gun ranked #122 when adjusted for inflation

Maverick: Top Gun has generated outstanding box office earnings. Some are claiming the earnings are the fifth best in movie history. Yet, when adjusted for inflation, Maverick drops from #5 to #122.

Shown below is the middle of a table ranking films by the equivalent of gallons of gas. Maverick took in 1.4 billion dollars and, in present times, that is the equivalent of 342 million gallons of gas.

In comparison, Avengers End-Game (2019) took in 1.1 billions gallons of gas, or almost four times more than Maverick.

Here’s the top of the table, showing the top seven movies of all time, adjusted for inflation, with Avengers (2019) ranked #5.

As a hypothetical example, if a movie sells $10,000 in tickets and the price of gas is $2, then the earnings are 5,000 gallons of gas.

But if a movie sells $20,000 in tickets but the price of gas is $5, then the earnings are 4,000 gallons of gas.

To accurately rank films by earnings, one cannot use the Federal Reserve dollar. One must use the price of a commodity and ideally the price of a basket of commodities.

Download a PDF of the numbers.

Video

Other thoughts

The lockdown from 2020 to 2022 in many of the 50 states led to a 96% reduction in box office earnings.

Money supply/quantity fell for first time since 2010!

For the first time in 12 years, Federal Reserve reduced the money supply/quantity. It was reduced by 0.39% month-over-month, from April to May. The last time this happened was in 2010 when it was reduced by 0.45%

The table below shows the top five times this has happened since 1970. You can see that in April of 2022 it was reduced by 0.4% while in February of 1970, it was reduced by 0.56%.

This means that Federal Reserve has stopped the excessive spending (not withstanding the latest spending bill) and this means that business activity will absolutely fall. Deficit spending and money supply/quantity increases are artificial injections of money and business activity and can be turned off at anytime. This stuns business owners who have been expanding based on the past two years of business activity. This is likely the reason many businesses have frozen hiring.

See also this video that shows Federal Reserve charts

Traded 1/5 silver round for a watermelon; without united states; not commerce

I traded a 1/5 silver round for a watermelon last week. I used a round purchased from Citizens for Sound Money. I brought along the pricing and lesson sheet below to explain to the other trader how silver pricing works. Notice: this was done without United States and was not commerce. This was trade on the land.

Pack of 10 1/5 silver rounds. One side of coin says Live Free and the other side has portrait of woman.

Here is the pricing sheet. It shows a few things:

– the price of silver is $19.91 and 1/5 raw silver is then $3.98.

– the premium to convert silver into a 1/5 round is 113% leading to a market price of $8.46 for the round.

Just like raw wood is cheaper than a wooden desk, so is raw silver cheaper than a silver round that has been designed, minted, and sent by post.

The price a 10-pack of silver rounds fluctuates with the spot price of silver naturally. I paid $75 on July 23, and now, on Aug 13, the price is $83. Because the dollar value fell and/or the value of silver rose.

Above I noted that the purchase was done without united states and that means not within United states. Within United States, such as DC and Puerto Rico, there are many codes and statutes about trading.

Lebanon restricts access to money since 2019! Hostage situation recently.

A banking ‘crisis’ in Lebanon led to the outrageous decrees that people cannot access their money. One man became so incensed that he took hostages at a bank, with people outside, unrelated to the man, yelling down with the banks.

i expect many people at this point use crypto or ideally gold via blockchain. This is just patently absurd that we have a system that can ostensibly hold our money, yet then say they won’t give it back in full.

Of course, banking accounts that have interest are really loans to the bank, so if the contract says the bank can change the terms of repayment, then that is the price for putting out your money as ostensibly a loan to the bank that will then load to a third party.

Of course we know that banks don’t lend money and banks don’t take deposits.

Deposit is depose, and that can’t be good.

Let’s summarize (1) fiat currencies are not a good store of value and (2) now we learn the banks can at any point not give back the money

Does this mean that private mints are the answer? Well, there would be no interest rate, and that’s fine for any wealth one wants to preserve.

Citizens for Sound Money and Bullion Capital have a video about what may be related to the above. Video is The Truth about the Cyprus Bali-in.

Screenshot of video still about the video - The Truth about the Cyprus Bali-in.