Wednesday, October 22, 2008

Crumpled Currency

"No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts; ..."
~U.S. Constitution


Somewhere along the line, somebody decided that the Government doesn't really need to obey laws.

The first act of deliberate disregard for this particular law was in 1862. (<---Interesting.) It was called a "Legal Tender Note".

There were also gold and silver certificates throughout this whole sordid ordeal, and these were redeemable in actual money.

But, we now know the dollar as a crumpled up piece of greenish-white paper that is redeemable in... nothing.


"Gee, I wonder why our economy is going under."

2 comments:

Benjamin9 said...

Hey, who needs gold and silver when you have paper?

At least when the cash is worthless in trading for food, we will be able to burn it to keep warm.

Hang on Son3 ... we live in very interesting times.

Son3 said...

Can we say "Weimar Republic"?

Thanks for the comment!

Websites That Make This One Possible

Ideations of a Jayhawker: Blog Policies

Comments
No vulgar, obscene, vile, or inappropriate language or insinuation may be used, and comments are subject to editing or deletion at my own discretion.

Please use proper spelling, following the rules of grammar of the English language.

The elimination of comments due to an objectionable account image may also be used at my discretion. Links given in comments that direct one to a website containing evil or unsightly content will also be deleted at my discretion.

Advocating or promoting specific acts of violence isn't allowed, but the vitriolic spewing of rants and ravings is encouraged.

Content

Content found in this blog is public domain, and it may be used freely; permission to recreate is automatically given, I only ask that I be informed when it is copied on another website; though this is not required, it would be considered a kind gesture.

Content found at any other website that was linked to from this page is beyond my control. I strive to put out as little objectionable content as possible here, but if you do find something that you feel is inappropriate, please contact me via comment, and I will duly edit it to a degree I deem appropriate.

Quotes you may find are all sic, including spelling, grammar, etc.

Following
Followers of this blog are more than welcome, but if you have a website that routinely displays content that you wouldn't allow a child to view or read, do not follow this blog unless you have a blogger warning previous to entering your website.
Failure to do so may result in being blocked from the followers list.

A follower may also be blocked if your account image is found to be objectionable.