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Gresham’s Law In Action! U.S. Coins Disappearing From Circulation

19-7-2020 < SGT Report 28 523 words
 

from Silver Doctors:



Is Gresham’s law turbo-charging the cashless society, pushed by the Deep State Globalists in bed with Corporate America?


(by Half Dollar) Is this whole “coin shortage” driving anybody else crazy?


I mean, first of all, it’s not a freakin’ choice: Our Money is required, by the US Constitution, to be Gold & Silver.


Sorry Bitcoin Fanboys and Pumpers (I’d be glad to debate any prominent people on this topic, or any Bitcoin topic, just send an email to [email protected]).



Still, since we’re talking about the confounded masses not understanding where their stinkin’ pennies have gone, now that, sadly, every one of them counts, we’re bombarded by the headlines.


Side rant: Does anybody else pick up abandoned pennies from the ground, even if they’re tails’ side down?


Don’t judge.


Only greedy people tell you not to do that.


But I digress.


Side Note to the Side Rant: If people understood what’s really going on here, that we’ve arrived at the point in time where it costs more than a penny to make a penny, and at the same time, it costs less than $0.01 to digitally print $100 (estimate of energy consumption, rounded to the nearest penny), it wouldn’t just be a shortage of coinage but a shortage of everything.


Every.


Single.


Thing.


A la Venezuela circa the hyperinflationary collapse.


But there I go again with that you-know-what.


OK, “Hey Half Dollar, tell us what!”.


Taking a walk down Nostalgia Lane.


That’s what.


Oh, and digression.


That too.


Now.


Back on track: The latest coin shortage hysteria is brought to you by everybody’s favorite wannabe alternative website, Zero Hedge:



The question is, why is there a coin shortage?


For many reasons.


First and foremost, think of all the supply chain disruptions this year:



  • Mine closures

  • Refinery closures

  • Mint closures

  • Logistics problems

  • Etcetera


In addition to the supply chain disruptions, there’s the push for the cashless society, and there’s the War on Cash.


And I’d like to add in one more reason, however: Gresham’s Law.


Gresham’s law simply states that “bad money drives out good”.


And with Fed Head Powell admitting the Fed just prints money:



Well now, clad coinage isn’t just something you can print-up, digitally, is it?

Of course not.


So now, even the crappy clad stuff is disappearing from circulation.


Some primers, for those who may not be aware, including why a bi-metallic gold & silver standard is NOT a choice:



Some direct government resources for learning, including:

  • The US Constitution’s requirement for a Gold & Silver Standard, found here and here.

  • The Coinage Act of 1792, which defined the US dollar in fixed weights and measures of Gold and Silver.


Here’s some interesting discussion on silver that took place last week:


Read More @ SilverDoctors.com



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