Beginning in 1965 the US mint discontinued issuing quarters containing silver and substituted other base metals. Coincidentally, paper dollars although closely resembling the earlier silver certificates, miraculously morphed into what all US paper currency is today: “Federal Reserve Notes” i.e. 1 a : a written promise to pay a debt;
On Friday last, 19 August 2011 that 1950 quarter was nominally worth $7.76. What seems to be transpiring here can only be categorized as theft and deception. Our coinage has been debased by the government mint to the status of trolly tokens and our fiat paper currency is produced by printing presses and computer keystrokes backed by nothing but promises by a “private” central bank called the Federal Reserve. Meanwhile legal tender laws enacted by avaricious politicians force us to accept these bits of junk and wood pulp under penalty of imprisonment.
Meanwhile, the media is wall to wall “election” coverage of an event 15 months in the future. Dr Ron Paul who is virtually ignored is the only presidential candidate mentioning this problem and when even discussed is dismissed as a “crackpot”.
We are in deep trouble.