Folks; just open your wallet and pull out a bill.
Notice what it NOW says...
Posted on 05/11/2022 6:40:35 PM PDT by elpadre
For every seller there needs to be a buyer.
“FOUR defaults.”
Congratulations on finding a writer who is equating specie suspension with “default”. I’m not sure why that rhetorical slight of hand fools anyone.
In all four instances the Treasury sent out interest payments without fail.
Pollock just doesn’t like the changes in legal tender laws which is why all four of his “defaults” actually are changes in gold or silver convertibility and not failures to pay.
His real gripe is with Lincoln, FDR, Kennedy, Nixon and the Congresses who helped them alter legal tender.
Folks; just open your wallet and pull out a bill.
Notice what it NOW says...
“On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold.”
In 1964, I was making $2.25 an hour and able to buy a brand new car that cost $3400.
It means that someone will be getting a bargain, oh, and NTSA.
And in 1910 $5 a week was a good wage.
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