Freedom1Man
Regular Member
Freedom1Man Here is a clip that might turn your stomach from 8/15/1971 : http://www.youtube.com/watch?v=iRzr1QU6K1o
Boy that worked out real swell, don't you think? :banghead:
Was there ever any law passed that allowed the treasury to default on its silver certificates? I can only find executive order and an arbitrary decision by the treasury. AFAIK there should still be a silver dollar in the treasury for every one still out there. Doesn't seem sporting that I can only trade my real dollar for a phony one.
But it does put into perspective just how little a dollar is worth now (about 4 cents) :cuss:
Then again there was never any law banning the private ownership of gold either. That too was an executive order.