Saturday, December 15, 2007

The New Dollar, Same as The Old Dollar. Silver Dollar That Is

In thinking about what our world will be like after the coming economic collapse, I have wondered what will become of our current paper as its value goes down. If you've ever shopped in Mexico, you may have suffered peso shock when the grocery bill was 500. Will we see that? Speculation has it that an new Amero will be foisted upon us, along with Canada and Mexico, as we build the North American Union. (I prefer, and wrote about in 1975, the United States of North America, USNA. 100 States in all.)

In the article below, Edgar J. Steele reveales a old-new possibility, he calls it the above-ground economy. What if we started using our old silver coins again. They are still legal tender, but much increased over face value.

Say you went to buy a new car, and with gold at $700 an ounce, you pay the dealer 50 Gold Eagles face value $2500 US Dollars. He accepts them because he knows that they are worth $35,000. (Expect a little shaving here.) The sale is recorded at $2500 and the license and tax ramifications are obvious.

Would you be happy accepting $200 per week for your services is you were paid with four US Gold Eagles (face value $50 each) worth $700 each? Income - $10,400 per year. Not bad as that will buy $72,800 worth of stuff.

Hey, it's like reverseing inflation. Now we can stick to them.

Can this be stopped? Read the article.

If you've been singing along with this blog and developed an interest in gold, silver, and the falling dollar, I urge you to read it. It's long and very lively. No pie in the sky. The change will be all about change!

No comments: