Currency and coin is expensive to produce, lends itself readily for drug trafficking
I remember in the 70's, before I was pre-trib, I thought I had a wonderful solution to the drug problem. I wrote a letter to President Nixon about the virtues of getting rid of currency. Maybe I started the idea? lol
I wrote a letter to President Nixon about the virtues of getting rid of currency. Maybe I started the idea? lol
Maybe so... :-)
But, I know what he did for sure... he decoupled the US Dollar from the gold standard...
The Nixon Shock was a series of economic measures taken by U.S. President Richard Nixon in 1971 including unilaterally canceling the direct convertibility of the United States dollar to gold that essentially ended the existing Bretton Woods system of international financial exchange.
Did you have something to do with that one? ... :-)