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All that I am hearing about the economy, I wondered what is the right thing to do. My gut instinct is to gather dry food goods like rice, lentils and to gather water. But what do I know. Better I learn from the elders.
Cruising around the internet, the biggest advice out there is buy gold and silver. Those will always be worth something. Okay, I am steady trying to save up some money to do just that even though I'm not in America. I suspect the rest of the world will go through the same thing.
But then I wondered, why doesn't the government just say 'oops we made a mistake. It seems we can not sustain an economy with fiat money. Let's buy back the gold and silver and back our money by that!'?????
So I asked Ensayn this over at his blog, Esayn Reality. His answer nearly knocked me over. Turns out someone did think of that already. Kennedy. And he paid dearly for it (and for other things I'm sure). He signed Executive Order 11110, to back the money by silver, but as we all know it never happened due to his untimely death.
Ensayn's post, "Money: What It Is and What You Work For" also reminded me of the Amero. So what's going on with that? When will that plan be unveiled?
At any rate, I guess I'll be collecting gold and silver bullions and hiding them (right next to my rice, lentils and water).
And for those of you who don't believe in the Amero. Here's one for y'all:
8 comments:
I'm not economic history buff, but I think I remember someone saying that when paper money was backed by gold, that the money could be surrendered for the hard stuff.
Silver certificates could also be redeemed for an equal amount of silver.
Because the world's supply of gold is severely limited, with the U.S. owning most of it (You've heard of Fort Knox, haven't you?), the world's nations would require a great deal of it to create a standard.
The U.S. gold reserve probably doesn't exceed more than a 4 trillion dollars (the national debt exceeds that by time 2), a small amount given the global monetary supply.
My guess: There's just not enough silver and gold to create a global monetary standard.
Actually there was a guy who tracked down JFKs executive order in the library of congress. His name was Bill Still. According to him that executive order had absolutely nothing to do with backing the currency with silver again. Even fellow libertarians get mad at me for bring that up. But I say lets be real JFK was a statest. I also just found out the other day that JFK was the one to back down in the Cuban Missile Crisis. Its amazing what you learn when your not force fed American propaganda.
I will find that Bill Still video and where its at.
Hi Miriam, a few links on Executive order 11110
http://www.fdrs.org/executive_order_11110.html
http://en.wikipedia.org/wiki/Executive_Order_11110
I hope this sheds some light on the order and silver/silver certificates
Domino - Yes, have heard of Fort Knox.
re: not enough silver & gold. I guess that would explain the switch over to fiat money.
Thanks!
Casper - Really? Hmm, then I got it all wrong from wikipedia. I'll have to explore this some more.
Ensayn - Thanks for this info! I will look it up.
OK I tracked it down
here is the video link
http://video.google.com/videoplay?docid=-7027020665149585773
It starts at 30:35 seconds. Bill Still explains that he tracked down executive order 11110 in the Library of Congress. It had nothing to do with backing the currency with silver again. It was a simple silver certificate RE-ISSUE, which means they were not going to bring them back, they were still here.
Also check this out
"JFK caused the Cuban missile crisis by making a hash out of the Bay of Pigs invasion. Castro sought the help of the Soviets and they obliged. JFK also signaled his weakness by not challenging the DDR and Soviets when they built the Berlin Wall in 1961.
JFK backed down on inspection for compliance by the Soviets that they did indeed remove any offensive missiles. He then proceeded to lie to the public about the resolution of the Cuban missile crisis, denying that the U.S. had agreed to withdraw vital installations from Turkey in exchange for the removal of Soviet missiles from Cuba.
His best political achievement was to get U.S. Steel to freeze their prices.
His famous quote was plagiarized from "The New Frontier” by Lebanese writer Khalil Gibran."
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