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Illuminate The Delusions => Local Log => Topic started by: Dale Eastman on April 04, 2024, 06:43:14 AM
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(https://www.synapticsparks.info/dialog/index.php?action=dlattach;topic=1715.0;attach=743;image)
What was the value of this bill before government fucked the people?
(https://synapticsparks.info/misc/TempMisc/Silver-Certificate.jpg)
SILVER CERTIFICATE
THIS CERTIFIES THERE IS ON DEPOSIT IN THE TREASURY OF
THE UNITED STATES OF AMERICA
ONE DOLLAR
IN SILVER PAYABLE TO THE BEARER ON DEMAND
That's 371.25 grains of silver for you that don't know what a Constitutional Dollar is.
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On 3 April @ 15:36 I wrote: The proper and correct definition of MONEY is something that is a measure and store of value.
It is important to keep in mind that, in its fundamental form and function, money is both a storehouse and a measure of value.
Money is a store of value. Wolla gave the example of earning $25 today and holding on to the money to spend it in the future. Although he noted that money isn’t a perfect store of value, “holding money is usually a more effective way of storing value than holding other items of value such as corn, which might rot,” he said.
Money is a unit of account, meaning we use it “to measure value in economic transactions,” Wolla said. What kind of deal did your friend get on her blue jeans? You’ll have a good idea if she tells you how many dollars she paid. It would not be as helpful to know how many bushels of corn she would have had to turn over to get the jeans.
Money is a medium of exchange, or “widely accepted as a method of payment.”
https://www.stlouisfed.org/open-vault/2021/december/what-is-money