Silver Anniversary

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05-09-2014, 08:06 PM
Post: #1
Silver Anniversary
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This is the 50th year since they ceased producing silver coins. This article will help shed some light on why the government did what it did. Fascinating stuff Wink

http://www.american.com/archive/2014/may...t-go-clunk

Joe

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05-09-2014, 09:20 PM
Post: #2
RE: Silver Anniversary
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Very interesting.  Happy anniversary CLAD.

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05-09-2014, 09:49 PM
Post: #3
RE: Silver Anniversary
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Good article but conveniently omits the death of JFK who opposed the Coinage Act and the ensuing oil boycott and "shortage" due  "lack of supply" Happy
Just sayin'

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05-11-2014, 10:34 AM
Post: #4
RE: Silver Anniversary
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(05-09-2014 09:49 PM)Dusty Wrote:  Good article but conveniently omits the death of JFK who opposed the Coinage Act and the ensuing oil boycott and "shortage" due  "lack of supply" Happy
Just sayin'

Another nail in the coffin of JFK I would suspect, Dusty. He had a lot of great ideas and they killed him for it.

Also:

Writing in 1966 to the contrary, Rickenbaker concluded his book with this thought: “For the first time since 1792, we are on a money backed by nothing better that the politician’s pledge. The stage is set for the final inflationary blow-off if that is what our money managers desire.” Knowing as we do now about the Great Inflation of the 1970s, that was an outstandingly good prediction.

And of course, "We ain't seen nothing yet!" IMHO

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