Here is what he said:

“1,000 Mercury Dimes will cost about $2,500 and represents 1,000 days of hard human labor throughout all of history and 2/3rds of the world that does not have access to the debt and oil that we currently have. After that is gravy.”

That, in my opinion, is a realistic number that even the most cash strapped house can afford. Allow me give an example.  How many people do you know that begin each day with at trip to the local corporate coffee emporium?  To sacrifice one double Grande soy caramel mocha would free up about $5.00 per day, 5 days a week for a total of $25 dollars.  At $2.50 for one 90% silver mercury dime it would take a little less than 2 years to have the 1,000 dimes that Chris spoke of.  How many of those same people have more than one coffee per day?

For those of you that are first time readers, I ask you this question:  If I gave you $2500 in cash or I gave you 1000 silver mercury dimes and told you that you had to choose one to bury for the next 20 years, which one would you choose?  Forget stocks, bonds, IRA’s, dividends, yields, rates of return, or anything about inflation.  Which one would survive the physical burial process?  If I offered you the same $2500 to deposit in your bank account, would your answer still be the same?

You cannot turn the power off on a bag of silver dimes.  Silver has no servers to reset, stacks of coins cannot be vaporized like segregated accounts, and you certainly cannot print more when the government decides to spend itself into oblivion.  We have come so far from when the framers of the constitution told us what money was.  They were very clear.  Here is an excerpt from Article I  Section 10:

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

Where along the way were we convinced that anything else would suffice?  Oh yes, The pesky Federal Reserve Act of 1913.  I remember now.  It is clear to me that no Federal Reserve note will ever hold value in the future.  Very soon, you will not be able to exchange Federal Reserve notes for silver at any price.  Those who hold the physical silver, and understand what is looming on the horizon, will simply not part with it.  The time to act has never been more opportune or more critical.  Once enough people are made aware, there will be a run on silver, and gold, like no one has ever seen.

With more than $190 trillion in global debt, and unfathomable amounts of toxic derivatives backing insolvent banks and nations, all of the worlds wealth will not be able to flow into the metals.  There is not enough supply left on the planet to support demand we will be witness to. Put down your coffee, and grasp the opportunity to protect your family from this nightmare.

All bills of credit emitted, monies borrowed and debts contracted by, or under the authority of congress, before the assembling of the United States, in pursuance of the present confederation, shall be deemed and considered as a charge against the United States, for payment and satisfaction whereof the said United States, and the public faith are hereby solemnly pledged.

The Articles of Confederation according to Article XII

Related articles

• Articles of Confederation: Article II (egrejeen.wordpress.com)
• Articles of Confederation: Article IV (egrejeen.wordpress.com)
• Articles of Confederation: Article VIII (egrejeen.wordpress.com)
• Articles of Confederation: Article V (egrejeen.wordpress.com)
• Articles of Confederation: Article VII (egrejeen.wordpress.com)

Section 10

(Clause 1)

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

The power to make treaties is an Art II sec 2 cl 2 federal authority prohibited to the States. Nor are the States allowed to make Alliances or “private” Confederations with other states or countries.

Granting letters of Marque and Reprisal is an Art I sec 8 cl 11 federal authority denied to the States.

The power to coin money is an Art I sec 8 cl 5 federal power denied to the States.

No State shall:

States cannot “emit Bills of Credit“, meaning they cannot pass IOUs.

States cannot make any Thing but gold and silver Coin a Tender in Payment of Debts. This has become a contentious issue. Some conservatives want to use this to get rid of Federal Reserve Notes – and the Federal Reserve. But then they want to turn around and pass paper based on gold and silver coins. They want people to write checks from accounts based on these coins, which negates their argument for getting rid of Federal Reserve Notes in the first place. It is also something prohibited to the states – by this clause. Checks, money orders, credit cards, debit cards, all of it would have to go away. Economic apocalypse.

These are things that are also forbidden to the Federal government:

• pass any Bill of Attainder,
• ex post facto Law,
• or Law impairing the Obligation of Contracts,
• or grant any Title of Nobility.

(Clause 2)

No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it’s inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Control of the Congress.

The states cannot tax imports and exports to generate revenues.

(Clause 3)

No State shall, without the Consent of Congress, lay any Duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay.

Without the permission of Congress:

The states cannot charge for shipping through their waterways.

The states cannot maintain warships or a standing army in times of peace, or wage war on their own except in defense of invasion.

The states cannot make legal compacts with other states or foreign nations.

The Constitution does not allow the states to form subgroups of states.

<== Article I sec 9
Article II ==>

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