Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Roman Denarious and Antoninianus coins questions
>
Reply to Thread
Message:
<p>[QUOTE="kevin McGonigal, post: 4966545, member: 72790"]What the US Government did in 1964 was to lie through its teeth about the introduction of the clad coinage coming into circulation in 1965. They said it was designed to alleviate a coin shortage caused by an explosion of vending machine usage. They claimed that the new clad coinage and the old silver coinage would circulate side by side and the coin "shortage" would be alleviated. That was a stone amphora of bovine manure. They wanted to inflate the currency to pay for an expanded role for the federal government and to do this they had to inflate the currency. If the dollar were to remain tied to silver they could not do so. That, and the dropping of any tie of the dollar to gold a few years later enabled them to do just that. The only difference between Third century Rome and the US in the 1960's was that it took Rome decades to put this one over on the citizenry and the US Treasury did it here within a few years.[/QUOTE]</p><p><br /></p>
[QUOTE="kevin McGonigal, post: 4966545, member: 72790"]What the US Government did in 1964 was to lie through its teeth about the introduction of the clad coinage coming into circulation in 1965. They said it was designed to alleviate a coin shortage caused by an explosion of vending machine usage. They claimed that the new clad coinage and the old silver coinage would circulate side by side and the coin "shortage" would be alleviated. That was a stone amphora of bovine manure. They wanted to inflate the currency to pay for an expanded role for the federal government and to do this they had to inflate the currency. If the dollar were to remain tied to silver they could not do so. That, and the dropping of any tie of the dollar to gold a few years later enabled them to do just that. The only difference between Third century Rome and the US in the 1960's was that it took Rome decades to put this one over on the citizenry and the US Treasury did it here within a few years.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Roman Denarious and Antoninianus coins questions
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...