Soon, friends. Soon. The dawn of a new age. Or rather...perhaps it’s better said as a return...

Yes.
If it's not backed by gold and silver, it's shit.

>Federal Reserve Note

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Hitler intentionally left the gold standard because it was allowing international financiers to control the currency. Not sure where this internationalist currency meme from boomers came from. And I'm being serious, I don't understand why it has to be gold backed. Seems like we are just using gold as an internationalist currency.

Yes, please inform me.

If its not abolishing the federal reserve and introducing gold/silver backed currency then enlighten me.

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>>Federal Reserve Note
Check the yt vidya in my post. Does say FEDERAL RESERVE NOTE but it’s backwards and upside down.

It is not shit. I'll explain. One moment, please.

Fuck off kike.
Fuck the Federal reserve.
Fuck fractional banking.
And fuck Fiat currency backed by nothing.

gold and silver is money.
pure fiat is garbage.

If our dollar was properly backed by our resources, we would be crushing.

Ok.
I'll wait.

>If it's not backed by gold and silver, it's shit.
Heard the rumor it’s going to be Ag, Pd, Au, and Pt.

Yes it is faggot.

You didn't.
You're making that up.

tldr
from what i read trump plans on hyperinflation to crash the fed so he can tap into original gold backed notes. Americans will be able to trade in their fiat money for the notes, having more value than the fed dollar
>allegedly
there is still many many different possibilities for how this turns out, its certainly interesting times

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rumour or not, interesting idea

>Federal Reserve System
Would be a million times better if this was simply a United States Note.

Sure, bud. Gather 'round class. Let's begin.
As we now know, Benjamin Franklin was a true genius. In 1729, Benjamin Franklin wrote “A Modest Enquiry into the Nature and Necessity of a Paper Currency.” It was a little pamphlet that was an altogether revolutionary concept in economics, because the conventional European mercantilist system of money required governments to borrow from banks and pay interest for those loans, as gold and silver were the only regarded forms of money. This is known as the debt-based money system, where banknotes are “bills of debt.” Colonial Scrip, however, particularly Franklin's ideas in Pennsylvania, were “bills of credit” created by the government, based on the credit of that government, and this meant that there was no interest to pay for the introduction of money. This went a considerable way towards defraying the expense of the Colonial governments and in maintaining prosperity. The Governments charged low interest when it loaned out this paper money to its citizens, with land as collateral, and this interest income lowered the tax burden on the people, contributing to prosperity.

>You didn't.
>You're making that up.
8ch post cabal banking threads. Theory was floated the existing FV eagles would equates to the backing of the new notes. $50 = 1oz gold, $1 = 1oz silver, etc.

Looks better than the new money Trudeau is introducing into Canada.

They put a light skin nigger on our $10 note.

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Cool looking but would never be used. Way too much ink to print that.

Pennsylvania established a “land bank” that allowed landowners to borrow Scrip with their land as collateral. They could borrow twice the value of their land, half of it representing actual land value, and the other half representing production potential of the land. The loan was to be retired over a set period of years, with the land ownership being restored to the citizen upon payment. When the loan was fully retired, another loan could be taken out.

Adam Smith wrote of the Pennsylvania currency in his famed 1776 work The Wealth of Nations:

>The government of Pennsylvania, without amassing any [gold or silver], invented a method of lending, not money indeed, but what is equivalent to money to its subjects. [It advanced] to private people at interest, upon [land as collateral], paper bills of credit…made transferable from hand to hand like bank notes, and declared by act of assembly to be legal tender in all payments…[the system] went a considerable way toward defraying the annual expense…of that…government [low taxes]. [Pennsylvania’s] paper currency…is said never to have sunk below the value of gold and silver which was current in the colony before the…issue of paper money.

>one eye covered on the left

>$50 = 1oz gold, $1 = 1oz silver
LOOOOOOOOOOOOOOOOOOOL.

Looks nice and modern, but what are the random letters in the left?

I truly want to believe. It would be the reset the world needs. Tough times for everyone but breaking through to the other side would mean a retreat back to the old realities of proper fiscal management & a system worth believing in again. At least until someone ruins it 100 years down the road again of course.

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>freemason faggot on the bill
Yikes

Looks interesting but not sure about the photo over an artwork

>>$50 = 1oz gold, $1 = 1oz silver
>LOOOOOOOOOOOOOOOOOOOL
That’s in UST, not USD.

It's plastic. Not ink.
Anyway, Colonial scrip was very succesful.
>“There was abundance in the Colonies, and peace was reigning on every border. It was difficult, and even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort was prevailing in every home. The people, in general, kept the highest moral standards, and education was widely spread.” – Benjamin Franklin

Im still waiting... faggot.

how many USDs is 1 UST?

Franklin begins his pamphlet by noting that a lack of money to transact trade within the province carries a heavy cost because the alternative to paper money is not gold and silver coins, which through trade have all been shipped off to England, but barter. Barter, in turn, increases the cost of local exchange and so lowers wages, employment, and immigration. Money scarcity also causes high local interest rates, which reduces investment and slows development. Paper money will solve these problems.

But what gives paper money its value? Here Franklin is clear throughout his career: It is not legal tender laws or fixed exchange rates between paper money and gold and silver coins but the quantity of paper money relative to the volume of internal trade within the colony that governs the value of paper money. An excess of paper money relative to the volume of internal trade causes it to lose value (depreciate).

First, Franklin points out that gold and silver are of no permanent value and so paper monies linked to or backed by gold and silver, as with bank paper money in Europe, are of no permanent value. Everyone knew that over the previous 100 years the labor value of gold and silver had fallen because new discoveries had expanded supplies faster than demand. The spot value of gold and silver could fluctuate just like that of any other commodity and could be acutely affected by unexpected trade disruptions. Franklin observes in 1729 that “we [Pennsylvanians] have already parted with our silver and gold” in trade with England, and the difference between the value of paper money and that of silver is due to “the scarcity of the latter.”

>At least until someone ruins it 100 years down the road again of course.
Andrew Jackson destroyed the fed and it came back. And they put him on their money to mock him. Time really is a cycle

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gold is precious to people since the dawn of man because it is shiny. ooooh aaaahhh shiny.

dropped

Franklin notes that land is a more certain and steady asset with which to back paper money. For a given colony, its supply will not fluctuate with trade as much as gold and silver do, nor will its supply be subject to long-run expansion as New World gold and silver had been. Finally, and most important, land cannot be exported from the province as gold and silver can. He then points out that Pennsylvania’s paper money will be backed by land; that is, it will be issued by the legislature through a loan office, and subjects will pledge their lands as collateral for loans of paper money.

Franklin argues that “coined land” or a properly run land bank will automatically stabilize the quantity of paper money issued — never too much and never too little to carry on the province’s internal trade. If there is too little paper money, the barter cost of trade will be high, and people will borrow more money on their landed security to reap the gains of the lowered costs that result when money is used to make transactions. A properly run land bank will never loan more paper money than the landed security available to back it, and so the value of paper money, through this limit on its quantity, will never fall below that of land.

If, by chance, too much paper money were issued relative to what was necessary to carry on internal trade such that the paper money started to lose its value, people would snap up this depreciated paper money to pay off their mortgaged lands in order to clear away the mortgage lender’s legal claims to the land. So people could potentially sell the land to capture its real value. This process of paying paper money back into the government would reduce the quantity of paper money in circulation and so return paper money’s value to its former level.

Automatic stabilization or a natural equilibrium of the amount of paper money within the province results from decentralized market competition within this monetary institutional setting.

Post jew nose kike.

When the colonies united to fight for their freedom, congress issued Continental dollars (redeemable in silver and gold) to pay for the war. Unfortunately, the U.S. had no gold or silver and promised to pay later. The value of the currency deprecated since many knew that it was unlikely that they would ever be able to redeem the obligation. And England printed large amounts of counterfeit Continentals to devalue the currency.

In a letter to Joseph Quincy in 1783, Franklin claims that he predicted this outcome and had proposed a better paper money plan, but that Congress had rejected it…around 1781 Franklin writes a tract called “Of the Paper Money of America.” In it he argues that the depreciation of the Continental dollar operated as an inflation tax or a tax on money itself. As such, this tax fell more equally across the citizenry than most other taxes.

The term “fiat” money is very misleading, as you can see the colonial scrip was backed by the collateral of land. And so it is today, as private Federal Reserve notes are backed by the people and property of the United States. The banks may profitably create it for virtually free but it is backed by us; so why does our nation pay others for money that we alone secure?

Before the war, the colonies sent Benjamin Franklin to England to represent their interests. Franklin was greatly surprised by the amount of poverty and high unemployment. It just didn’t make sense, England was the richest country in the world but the working class was impoverished, he wrote “The streets are covered with beggars and tramps.”

It is said that he asked his friends in England how this could be so, they replied that they had too many workers. Many believed, along with Mathus, that wars and plague were necessary to rid the country from man-power surpluses.

>“We have no poor houses in the Colonies; and if we had some, there would be nobody to put in them, since there is, in the Colonies, not a single unemployed person, neither beggars nor tramps.” – Benjamin Franklin

He was asked why the working class in the colonies were so prosperous.

>“That is simple. In the Colonies, we issue our own paper money. It is called ‘Colonial Scrip.’ We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one.” – Benjamin Franklin

Trump is a Jew nigger. He's gonna "we have no choice because of (((muh reasons))) and most join the global government guise"

Will you shut the fuck up once and for all if that happens and actually get on board?

>federal reserve note
yeah naw, fuck that

Soon afterward, the English bankers demanded that the King and Parliament pass a law that prohibited the colonies from using their scrip money. Only gold and silver could be used which would be provided by the English bankers. This began the plague of debt based money in the colonies that had cursed the English working class.

The first law was passed in 1751, and then a harsher law was passed in 1763. Franklin claimed that within one year, the colonies were filled with unemployment and beggars, just like in England, because there was not enough money to pay for the goods and work. The money supply had been cut in half.

Franklin, who was one of the chief architects of the American independence, wrote:

>“The Colonies would gladly have borne the little tax on tea and other matters had it not been the poverty caused by the bad influence of the English bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War.” – Benjamin Franklin

What you boomers fail to understand is that the jews already control 99% of the global gold supply.

If it wasn't for Jews, mass idiots, and traitors, our working hours would be less whilst we see increased prosperity. Jews really need to get out of my country.

holy FUCK that is aesthetic as fuckkkkkkk

This opinion was confirmed by great statesmen of his era:

>“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.” – Thomas Jefferson

>History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance. – James Madison

>“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.” – John Adams

English historian, John Twells, wrote about the money of the colonies, the colonial Scrip:

>“It was the monetary system under which America’s Colonies flourished to such an extent that Edmund Burke was able to write about them: ‘Nothing in the history of the world resembles their progress. It was a sound and beneficial system, and its effects led to the happiness of the people.

>In a bad hour, the British Parliament took away from America its representative money, forbade any further issue of bills of credit, these bills ceasing to be legal tender, and ordered that all taxes should be paid in coins. Consider now the consequences: this restriction of the medium of exchange paralyzed all the industrial energies of the people. Ruin took place in these once flourishing Colonies; most rigorous distress visited every family and every business, discontent became desperation, and reached a point, to use the words of Dr. Johnson, when human nature rises up and assets its rights.”

The gold standard is never coming back. The U.S. doesn't have enough gold to back up all the currency they've printed at this point.

France already exposed this in the 60's when they tried to exchange $14 billion in US cash for gold and the U.S. told them to "fuck off", and then not too long afterwards Richard Nixon announces the fiat currency.

Peter Cooper, industrialist and statesman wrote:

>“After Franklin gave explanations on the true cause of the prosperity of the Colonies, the Parliament exacted laws forbidding the use of this money in the payment of taxes. This decision brought so many drawbacks and so much poverty to the people that it was the main cause of the Revolution. The suppression of the Colonial money was a much more important reason for the general uprising than the Tea and Stamp Act.”

Our Founding Fathers knew that without financial independence and sovereignty there could be no other lasting freedoms. Our freedoms and national sovereignty are being lost because most people do not understand our money system.

>All the perplexities confusion and distress in America arise not from defects of the Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation. -John Adams

only in the west.
it's not a matter of quantity, it's a matter of price.

Yeah eetswa my bah icksay note adlay

You don't like it? I think it looks clean as hell.

>it's not a matter of quantity, it's a matter of price.

Either way it's never coming back because the U.S. doesn't want to give their gold to other countries. Simple as.

Gold is money. Everything else is credit.
I don't want stupid plastic money like the leafs have either god damn it.

An ounce of gold is worth one dollar.
An ounce of gold is worth 50 cents.
An ounce of gold is worth 4 dollars.

See the problem here? It's all fiat. The point of money is to be incentivizing enough to get people off their asses to be productive members of society. Doesn't matter if it's fiat or gold if the purchasing power of your labors afford less and less over time. Problem is, Jews and psychopaths get into positions of power where they end up wielding far more economic powers than they deserve and believe it gives them a license to be as evil as they want.

>covering one eye with the clock tower, specifically the clock itself
so more eye of horus illuminati shit?