March 15 will be an important day.

[Bob Butler 54]

(04-01-2017, 03:09 AM)Kinser79 Wrote: US notes were not and never were backed by silver.  They were and always were pure fiat currency.  So having a ton of silver or no silver isn't a factor.  That being said I wouldn't mind going back to sound money either, but I don't think that likely as Boomers seem particularly wedded to the Welfare-Warfare state concept.  I fail to see how the concept of printing up greenbacks to pay the bills escapes people who are part of one of the best educated generations in history.

As to sources, I don't think that Zero Hedge has it wrong.  Currently the treasury is draining the emergency funds--it has that power obviously.  It is ignoring a super power that would break the Fed once and for all though.

I know you don't do fact or reality, but silver certificates...

Wiki Wrote:Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard. The certificates were initially redeemable for their face value of silver dollar coins and later (for one year – 24 June 1967 to 24 June 1968) in raw silver bullion. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender and thus are still an accepted form of currency.