Sunday, April 27, 2008

Silver Certificate

The world's financial system is in the process of breaking because there was too much fraud built into it, particularly since 1913 (start of the Fed) and even more since 1971 (Bretton Woods US government renunciation of its promise to redeem dollars for gold) and big time fraud can not last for ever. Maybe we will see silver certificates again. Definitely private ones if currency competition is allowed by governments.

(open image in a new tab for a larger view)

This Silver Certificate is series 1957 A and says:

"This certifies that there is on deposit in the treasury of the united states of america one dollar in silver payable to the bearer on demand"

No identities, IDs required. Just a legitimate certificate. This is how it should be; "payable to the bearer on demand".

" we transfer our whole being to the data bank, privacy will become a ghost or echo of its former self and what remains of community will disappear"...Marshal McLuhan

"If a nation values anything more than freedom, it will lose its freedom, and the irony of it is that if it is comfort or money that it values more, it will lose that, too." - Somerset Maugham

"Government is the great fiction through which everybody endeavors to live at the expense of everybody else." - Frederic Bastiat, 1849

"Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men."--Ayn Rand

"Socialism prevents capitalism by consenting adults." --Robert Nozick

"There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means." --Albert Jay Nock

"If it is now believed that my fellow men may sacrifice me in any
manner they please for the sake of whatever they deem to be their
own good, if they believe that they may seize my property simply
because they need it -- well, so does any burglar. There is only
this difference: the burglar does not ask me to sanction his act."
- Ayn Rand 1957

1957, not all that long ago. The US used to be substantially more free back then and particularly prior to that time. Basically the '50s was the end of the **rapid** advances in people's living standards in the US. Economic prosperity requires freedom. It is impossible to have one without the other. Since most people in the US have given that up, their economy is heading down the tubes a huge amount and rapidly. Too bad. Sad.

It seems just about all governments now a days do not want their citizen units to have ready access to safe stores of value such as a silver currency (a redeemable financial instrument) or silver money (the metal itself). A currency redeemable "on demand" for metal. The metal and the redeemability aspect of a silver certificate puts too much of a restraint on the supply of dollars, Yen, etc. that banks of any type (private, central, government, semi-government) can create.

No comments: