I was a teenager in Queens, New York back in the early sixties. Being a student at the time, I was quite happy when I got what was one of my first part time jobs. I was to be an usher at a local movie theatre. 

It was a funny experience really. I watched the scenes of the same movies over and over and I got to know almost every line of dialog. 

I’ve been thinking back on that time recently and how the manager told me one day that I had gotten a raise. I think I had been making about ninety-five cents per hour. He said it had increased due to the minimum wage. From here on I was to be earning one dollar per hour. 

That was fine with me. A dollar was big money back then, believe it or not. For example - there was a restaurant chain in the city called Tad’s Steak House.

They were famous for their one dollar steak dinners, cooked as you liked with a baked potato and a salad. And I enjoyed a few dinners there.

You see, dear reader, our currency back then, up until about 1964 was real money. It was backed by gold and silver at the rate of thirty-five dollars per ounce of gold. 

Quarter, half and one dollar coins were fair size slabs of real silver (well ninety percent real silver). You knew it was authentic, sound, stable and had real value. 

This all changed about 1965 when President Lyndon Johnson allowed the Treasury to mint what were called copper clad coins. They were shiny and new but they were minus the silver. 

Up until then no one even dreamed the silver value of the coin would increase beyond one dollar. But it did. 

Actually however, it was the reverse. It was the currency value that had declined and depreciated rather than the silver rising in price. And, sadly, that is how things have gone ever since the Federal Reserve came into being back in nineteen thirteen.1913 That’s been the case through the sixties, seventies and ever more so up until today’s almost worthless currency. 

A sad statistic is that the purchasing power of one dollar from 1913 up until today has reduced to just about two cents!

It occured to me back a few years ago that it would benefit one greatly to learn all he could about the basics of money. 

After all, it’s what he has to deal in and exchange with every day. It’s what he gets in exchange for the sweat of his brow.  It’s what he needs  to support his family and save for his old age. 

That which is taught in schools today in the field of economics is, in my estimation, a lot of convoluted complexity to confuse the issue and make the banks and our monetary authorities appear honest, responsible and legitimate. 

It’s hard enough to make a decent living. It’s even harder still to hold on to one’s wealth, with taxes, fees, carrying charges, penalties and the outright legal theft of inflation. 

There’s that old saw about you earning a hundred dollars and they tax you ninety-nine. 

Due to the curse of inflation, far too many, after their hard life’s work and having saved what they can, see their fortunes dwindle away to almost nothing leaving them dependent on government handouts in their later years. 

Inflation means an increased volume of something such as air in a balloon or tire. It’s the hundred dollars you deposit that the bank loans out many times over. And, of course, there are the trillions of dollars that are regularly being created out of thin air to keep the insiders Ponzi scheme together and the show going just a little bit longer. 

The last thing our power brokers and elite want is an implosion of the system and the ship sinking on their watch. But how much longer can they keep her afloat?

There are quite a few people these days who are being paid to not work. What kind of future survival potential does this indicate for our society?

I would come out of retirement myself if possible and return to the work day world. I would do what I could as a tinker, tailor, candlestick maker or movie theatre usher. And I would do it for one dollar per hour - One silver dollar coin that is. 

I looked it up on the internet. The silver content of that coin today is valued at about twenty dollars. 

It’s said that all paper currencies eventually settle to their intrinsic value, which is zero.

Gold and silver have been sound money for thousands of years.

And in many countries, the word silver is synonymous with money.

So wouldn’t it be beneficial to hold and save your wealth in real money, gold and silver coins or bullion?

Dan is at danhughoconnor@gmail.com