[american spirit]

Looks like the fedgov has been bankrupt since March 1933 which was around the time Roosevelt seized all the gold. An interesting debate going on in some legal reform groups is whether we even have anything that would be considered "lawful money".

[Jason_b]

Federalist 69 towards the end makes clear that proscribing rules concerning the nation's currency is a power the president does not have. FDR was a tyrant pure and simple and the confiscation was unconstitutional.

[Chewbacca]

Yes we still have lawful money but it trades at a premium to the current paper scam. Just like it did during the Civil War.

Silver Eagle dollar 1 troy oz coins are anywhere from $7-9 each.
Gold Eagle dollar coins are minted as 1/10, 1/4, 1/2 and 1 troy oz coins. The values on the coins are $5, $10 (should be $12.50), $25, and $50. A 1 Troy oz gold eagle can be purchased at about $15-25 over the current spot gold price.
(Smaller coins have higher premium because they can be used in jewelry as necklaces and rings.)

That would put real constitutional money as $1 real money is equal to about $7.25 in Fed Notes. Or a 7.25:1 ratio in exchange.