Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Money Through the Ages
Old 09-13-2010, 09:30 AM   #1
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,664
Money Through the Ages

Here's a short photo-essay on the evolution of currency:

Photo Essay: Money Through the Ages

I'm wondering:

The U.S. silver certificate in photo #7 mentions the "Bearer's First Amendment right to petition the government for a silver based currency." That's a wildly creative reading of the 1st amendment that I know. What are they talking about? Also, if this is a constitutional right, what happened to it?

And #9 in the photo-essay says you can send money via Twitter. I've never seen any sign of this?
__________________

__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-13-2010, 11:12 AM   #2
Thinks s/he gets paid by the post
Bikerdude's Avatar
 
Join Date: Jul 2006
Posts: 1,901
Silver Certificate - Wikipedia, the free encyclopedia
__________________

__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude is offline   Reply With Quote
Old 09-13-2010, 11:27 AM   #3
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,664
Quote:
Originally Posted by Bikerdude View Post
Good background, but I don't see any mention of the 1st Amendment.

I haven't had much luck googling this either.
__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 09-13-2010, 11:44 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,254
Quote:
Originally Posted by Onward View Post
Good background, but I don't see any mention of the 1st Amendment.

I haven't had much luck googling this either.

First.... that is NOT a silver certificate...

A little research shows...


"NORFED, The National Organization to Repeal the Federal Reserve Act was created October 1, 1998 by Senior Economist, Bernard von NotHaus in order to create a unique financial/political instrument. Based on his 24 years of extensive research and review of economic models, currencies, financial systems including the Federal Reserve, plus an extensive network of business connections, Von NotHaus designed the American Liberty Currency. Von NotHaus issued American Liberty Currency through a grass-roots movement of one American to another, and through the national radio talk-show circuit."

Seems to me to be a protest bill... with NO value... so the reference to the 1st amendment is just his interpretation of it...
__________________
Texas Proud is offline   Reply With Quote
Old 09-13-2010, 11:48 AM   #5
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by Onward View Post
I haven't had much luck googling this either.
Quote:
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
Maybe the silver certificate is a different sort of "freedom of the press".

From what I've read in "The Lords of Finance", the gold standard wreaked absolute havoc on most middle-class Americans (and Europeans) while enriching investors and industrialists. Maybe the silver certificate's First Amendment issue was related to the grievance process.

WWI and its reparations screwed up the gold standard even more, and the attempts to return to it could be construed to have set up the Great Depression and WWII. (Admittedly there were many other worm cans leading to those two events, but the Fed's slavish devotion to the gold standard was worse than no help at all.) When the gold standard finally imploded, I can easily believe the Roosevelt administration attempting to manipulate public opinion (and restore faith in the banking industry) by giving people the "freedom" to redeem their notes for silver. Besides the federal govt needed lots of excuses to print lots more currency, and there wasn't going to be enough gold to back it all.

Thank goodness it's really different this time.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 09-13-2010, 05:27 PM   #6
Thinks s/he gets paid by the post
Onward's Avatar
 
Join Date: Jul 2009
Posts: 1,664
Quote:
Originally Posted by Texas Proud View Post
First.... that is NOT a silver certificate...
Ah, that explains it. The photo essay should have shown a real U.S. silver certificate instead of the Liberty Currency. I guess von NotHaus interpreted the 1st Amendment's right to petition as the right to ask the govt for a silver based currency.
__________________
And if I claim to be a wise man, it surely means that I don't know.
Onward is offline   Reply With Quote
Old 09-14-2010, 07:03 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,634
The Liberty Certificate explains itself on it's face: "...this... is an excercise of the Bearer's...right to petition..." You can petition for any change to the Constitution you want - even an amendment ending the right to petition
__________________

__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What do you do about Minimum Retirement ages Required by Pensions?? militaryman Hi, I am... 10 05-03-2016 08:33 PM
46 and long-term employee wants explanation of retirement ages mordme Hi, I am... 4 12-16-2009 09:30 AM
Key Ages for Early Retirement Midpack FIRE and Money 25 10-09-2009 07:27 AM
AARP Medical Advantage Insurance Plan, ages 50-64 mark500 Health and Early Retirement 13 07-15-2008 07:15 PM
Question for the Men of all ages. My Dream Other topics 46 10-24-2006 11:21 PM

 

 
All times are GMT -6. The time now is 08:52 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.