DumpDC: It’s All About The Weight


Russell gives an important lesson about the post-dollar world.

Denominate your thinking by weight of metal or common-caliber round/load count.

Examples:

Item price = 1 troy oz. .999 silver/ zzz face value pre-’64 US silver coin / xxx rounds 9mm FMJ 115 gr / yyy rounds .22 LR 40 gr

Try thinking that way today.

It will help your analysis of dollar-denominated transactions.

13 responses to “DumpDC: It’s All About The Weight

  1. tree of liberty

    I like it but will we get silver certificates? Also i don’t think the average American would understand why the face value drops on their silver to 1 dollar an ounce i guess their to ignorant to know that one ounce of gold should only have a face value of 20 dollars.

    In Roman times one ounce of gold could buy you a fine toga a fine belt and a nice pair of sandals, in the 1870’s it could still buy you the same good quality clothes. We seriously need to re evaluate the price of the dollar and peg it to gold.

  2. 50:1 devaluation would do the trick, but the .gov spending-past-income has to stop. Encouraging small miners on public land would get some of them off unemployed rolls and add new real-money to the economy.

  3. I believe there is only enough gold and silver(silver gets used at a quick rate for commercial purposes) to Partially back up the paper. The current 8500 tons allegedly held by USGOV is not worth enough to back up all the dollars in circulation, only a fraction. And limiting the number of dollars in circulation with 300 million in population will have a squelch effect on the economy. Large projects requiring billions couldn’t be financed, and such a situation would require much slower progress in business, with a resultant slowdown in private inspiration. True, we have advanced too fast in many ways, and financing on a cost and spend basis would be much more safer both for the economy and investors. But look at the current reality. People, generations are not used to doing business that way. It will take a lot of education, pain, and time to get them into a cost basis frame of mind. The benefits are great, to be sure, but they will not come willingly,and may instead dissolve into something very bad.

    • FIAT currencies can be a good thing but the problem we have is man’s unchecked greed and desire for power. The results: —> America today. But when you go the way of RON PAUL, you would allow COMPETING currencies to serve as a check. Some folks would make gold backed, some wheat backed, some a hodge podge of commodities and services. BUT the point is that the government controlled FIAT paper would have a check. Folks would NOT want to keep any of it, they would not want to be paid in it —> if the gov didn’t control their printing presses. So the solution is SIMPLE —> competition.

  4. A brand new Mustang sells for between 15 and 20 ounces of gold, depending on equipment.

  5. This is good thinking for down the road. But when the balloon goes up, the best currency will be commodities such as food, ammo. and life’s basic necessities.

  6. indyjonesouthere

    If you want to do an IQ test on a high school or college student just ask them to give you a dollar for one of the old pre 64 silver dimes. If they don’t take you up on it then you can rest assured that you shouldn’t waste your money on trying to furthur educate them because their teachers haven’t taught them shit . If they are your kids you should be embarrassed.

    • I’d like someone to ask for a paper dollar for a silver dime. They wouldn’t get their dime back or get refused. Go buy a corn-sweetened fluoridated Coke with that Dollar!

  7. Yep, it’s beans bullets, and bandaids time!

  8. Article 1 section 8…

    As ratified or not?

  9. The number for today is 0.723 – multiply that times the spot price for silver and you have the value of one face value dollar of 90% silver coins. That’s when you adjust for 90% silver and the weight they used for a dollar. By that method, a 1964 dime is worth $2.50 tonight.

  10. I’ve been using .715. I believe it accommodates the wear on the average coin.