A Gallon of Gas for a Quarter?BackA gallon of gas for about a quarter? Let's do the time warp again and find out how it's possible. A bit of background: Before 1965 American quarters (half dollar coins, dollar coins, etc.) were 90% silver. They were a medium of exchange like today's quarters but also had the intrinsic value of the silver they were made of. When you were given a quarter (pre-1965), you were given something of actual value--specifically it had the value of 0.18 oz of silver. The government no longer makes money with intrinsic value (because then they couldn't steal the value of your money via inflation) and today quarters are made mostly of copper. A quarter today is worth only whatever "25 cents" will buy and that continually changes for the worse as the government increases the money supply over time. If you want to know more, read the following free e-book at mises.org: "What Has Government Done to Our Money?" http://www.mises.org/money.asp You can check the value of metals in various coins yourself here: http://www.coinflation.com/coin_calculators.html If it bothers you that around $2.25 of buying power has been stolen from every quarter by the government since the 1960's and you want to do something about it consider supporting people like Ron Paul. Category: Howto Uploaded: April 11th, 2007 @ 2:13 pm Author: MystryBox Length: 03:05 Rating: Views: Tags: gallon gas quarter 1964 silver inflation fed federal reserve gold hyperinflation devaluation Related Video Links:» View Video Comments For A Gallon of Gas for a Quarter? » View MystryBox's Other Uploaded Videos Video Thumbnails:Video Embedding Code:* Embed this video on your website, social bookmark, myspace, or blog. |
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