The news is filled with stories about our medium of exchange, the dollar and politicians. The value of the dollar is sinking like the Titanic. Every day, the media speaks of the trillions being spent and the staggering, mounting debt of the government and American society as a whole.
Congress is talking about it like putting a band-aid on a hemorrhaging problem. They talk about bail-out solutions as if the government has plenty of cash savings to rescue all those in the market place who have spent like a drunken sailor on shore leave. While the wrecking ball is swinging, Congress speaks of billions in refunds, stimulus packages and tax breaks.
I’m no economist, and have trouble comprehending the language of Wall Street, pundits, Congress and the President, but understand enough to know we are in a heap of trouble. And trying to stick a finger in a broken dam. I do think the average person like myself should be thinking ‘hard money.’
With this in mind, yesterday I did a funny thing and laughed as I left the bank. When I made a deposit I said, “give me ten rolls of pennies,” thinking the copper in pennies is worth more than paper Fiat money so many are in an uproar over. Doing that did make me feel a little better as I walked out of the bank carrying my little bag of pennies and looking back thinking any day I may come and see a closed sign on the bank front door.
I have had a couple of experiences when money made a sudden change and went south. I lived in the thirties during the Great Depression when life was mostly bartering because so little cash was available. I lived in Japan in the fifties when that country had a money crisis and changed its currency. I saw women with wheel barrows full of money that was worthless, i.e., paper Yen.
Then I was living in Reno, Nevada, in the early sixties when there was talk about the silver money being recalled. The gambling Casinos were flourishing with tables of stacked silver dollars when economists were writing about the sudden disappearance of silver money flowing so freely back then. Sure enough, there was a sudden disappearance of silver money in circulation, soon replaced by copper clads.
My mother, now deceased, was living in Georgia at this time and when I wrote her about what I perceived was about to happen, she never after that allowed a silver dime to leave her hands. She bought bags of Canadian silver dollars, storing them in gallon jugs covered in oatmeal in her refrigerator. She still had them when she passed, worth much more than the dollar she paid for them. At that time, I did buy stock in silver mines, but later sold it.
The news about currency seems to yo-yo day by day. Sometimes up and sometimes down, many Americans are obviously getting nervous about the status of our currency. And in my opinion, these are justified shakes about today’s wobbly situation. I do think about moving to the mountains, buying some goats, a cow and planting a big garden. Yet I’ll probably sit and fiddle while Rome burns with my rolls of pennies. I don’t know how to milk a cow anyway. But goats would mow the grass.
With all the push towards a one-world government, I wonder if we may all be using Euros before it’s over. In the meantime, hold onto your hats and pennies!
Let Freedom Ring!