WHAT IS A DOLLAR...???

in #steemsilvergold • 7 years ago (edited)

As per "Blacks Law Dictionary, 6th Edition (1979), a Dollar is the Money Unit employed in the United States of the Value of 100 CENTS, or any combination of coins totaling 100 CENTS...

Yes... At one time the Dollar was described as a measurement of weight in Silver... As the Paper Fiat Debt Notes inflated away in value, people began to see that it was better to hold onto the Silver than to hold onto the Paper...

The Silver Dollars didn't lose their Value, but the Paper Debt Notes sure did... So, when people began to realize that a one dollar Paper Debt Note was worth less than a Dollar in Silver Coins, you know what happened...

Naturally, we had to make adjustments in our U.S. Coinage... And to be perfectly honest with you, we'll never again put Silver or Gold back in our Coinage... I'm sure the same thing would happen again...

We can however RESET our U.S. Coinage, since the Paper Fiat Debt Notes have lost pretty much all of their Purchasing Power... In my opinion, they have lost 99% of their Buying Power, leaving a Value of about ONE CENT... Therein lies the reason for a RESET of our Coinage...

How is this RESET possible, you ask...??? Well, as per Article 1, Section 8 of the United States Constitution, it says that Congress has the Power to Coin Money and regulate the Value thereof... That's a pretty powerful law we have in place... Our Founding Fathers must have seen into our Future...

Anyway, the Paper Fiat Debt Notes are about to Collapse, but we have the Power to Reset the Value of our Coinage... In other words, our U.S. Coinage is standing by, and is ready, willing and able to save the Monetary System of the United States of America...

As slow acting as Congress is, I tend to see the RESET of our U.S. Coinage happen by Executive Order, before a vote of Congress and signed into Law by our President.. The reason for the Executive Order will be deemed as an Emergency Action of the President, due to the Collapse of the Fiat Debt Notes...

Most people will be totally unaware of this possibility... If they had a little forethought, they would have had extra U.S. Coinage stashed away in a Safe Place... But who could have seen the Reset of U.S. Coinage coming our way...???

Have a nice day, week, month, year and beyond...
@pocketechange
Dollar 9....jpg
@pocketechange

#cent #dollar #coinage #reset
7 years ago in #steemsilvergold by
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     7 years ago 
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     7 years ago 

    I loved your post about the evolution of the Dollar... I'm glad you became interested...
    @pocketechange

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     7 years ago 

    I'm glad you enjoyed the post. Perhaps it's more about the de-evolution of the dollar, from precious metal to a paper note. @ironshield

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     7 years ago 

    The official reset is only the ultima ratio, if nothing works anymore. But the devaluation can (and actually is) happen by inflation. The money stays the same, but you need more and more of it to buy the same things.
    This is going on for some time already, not only with the USD but also with other fiat currencies. Its always like that.
    So far the devaluation was slow and mostly balanced out by rising incomes. But that can change rapidly and then things get really ugly. Especially for those, who entirely depend on what their credit card allows them to buy.
    Just watch the run into crypto currencies right now. Some have risen over 100% since yesterday! The people begin to get nervous. Big things are coming our way soon.

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     7 years ago 

    Yes... I see the tension in the World of Economics... The Federal Reserve became its own worse Enemy... They tried and failed to take the Power away from our U.S. Coinage... So, when the RESET happens, it won't be the Fiat Debt Notes that are reset, it will be our U.S. Coinage... Thanks for commenting... I always enjoy your comments...
    @pocketechange

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     7 years ago 

    Dolar is already a whole ideology

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       7 years ago 

      I sure don't like using Federal Reserve (Debt) Notes... I have to pay Income Tax, because of the Interest owed for using them... In my opinion, I don't think we should continue using Federal Reserve (Debt) Notes...
      @pocketechange

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         7 years ago (edited)

        It's what you use to pay for the bad luck rock.

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           7 years ago 

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