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Dont you just love the sound of silver coins


Peacemaker

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Its the sound of REAL money. Here is the sound of money loosing its value by the over printing of paper...

A penny is not what you think. Indeed, from 1793 to 1837, a cent was pure copper. But newer pennies are made mostly of zinc.

Here's the history, according to the U.S. Mint:

  • From 1837 to 1857, the cent was made of bronze (95 percent copper, and five percent tin and zinc).
  • From 1857, the cent was 88 percent copper and 12 percent nickel, giving the coin a whitish appearance.
  • The cent was again bronze (95 percent copper, and five percent tin and zinc) from 1864 to 1962, except: In 1943, the coin's composition was changed to zinc-coated steel.  This change was only for the year 1943 and was due to the critical use of copper for the war effort.  However, a limited number of copper pennies were minted that year.
  • In 1962, the cent's tin content, which was quite small, was removed.  That made the metal composition of the cent 95 percent copper and 5 percent zinc.

The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc).  Cents of both compositions appeared in that year.

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In 1964 the price of silver increased to the point where quarters contained much more than 25¢ worth of silver. Starting in 1965, quarters and dimes were made of a 3-layer "sandwich" consisting of a pure copper core with outer cladding of 25% nickel and 75% copper, for a total of about 92% copper, 8% nickel.

So instead of allowing money to retain its value they take out the value and print out an IOU in the form of a federal reserve note. Someday society will wake up and realize all that paper is utterly worthless while all the smart folks saved up in gold and silver...

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The roman empire did the same type of currency debasement over time as the U.S. government is doing. Maloney has it in a video, its so right on par with what my government is doing its almost scary. I will see if I can find it...

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4 minutes ago, STONE said:

The roman empire did the same type of currency debasement over time as the U.S. government is doing. Maloney has it in a video, its so right on par with what my government is doing its almost scary. I will see if I can find it...

Seen it myself - and its part of his history of money series - ITS SO OBVIOUS- - i feel for the "MASSES" that cannot, have not, or choose not, to see whats about to "NAIL THEM!!!"

History has a wonderful way of REPEATING ITSELF!!!

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23 minutes ago, 5huggy said:

in the past this the equivalent of "clipping" - steal bit by bit!

or "CURRENCY DEBASEMENT" = "Q.E." 1,2,3,4 ,>>>>>>>>>>>>>>>>>>>>!!!!!!!!!!!!!

BUT "HELL YEAH" love that "TING" of REAL MONEY

Ha!  Coin clipping, now they just call it inflation...

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