As I prepared to pull out my Goldbacks for my sandwich at Robie’s country store and diner Wednesday, the co-owner informed me that the dollar had fallen below a fifth of a goldback. I remember when the exchange rate was around 3.20 dollars for each goldback just before the scamdemic. It’s been around four for the past few years. I had never seen it above five.
The 1834 Coinage Act is a very important Act to understand, because the Supreme Court later misattributed false monetary theories against it, to deviously uphold legal tender paper currency, ultimately depriving Americans of both gold and silver coin.
The man who raises cows and bulls has valuable assets, but livestock is difficult to carry in your pocket and not practical for dividing into small denominations. Animals also live for only a few years. The fisherman has lots of fish, but they also die quickly, and not everyone even likes fish.
Nearly every government eventually becomes greedy and seeks to steal more from its people than it could via simple taxation. Tyrants in the federal government always wanted to control the money that the people used. Alexander Hamilton wanted the President to rule over the Americans for life with massive powers, and he wanted the central government to be quite authoritarian.
The federal government’s Bureau of Labor Statistics released March’s inflation numbers on Tuesday, officially quantifying the inflation over the past twelve months. At 8.5%, the politicians claim that it’s the highest inflation rate since 1981.
The New Hampshire goldbacks are unique and gorgeous, and the 10 features a lady sitting on a cannon, while the 25 includes the famous state motto of “LIVE FREE OR DIE”.