Look at it this way when you take US Dollars you are really holding promisary notes issued by The Fed for the US Gov't and even our paper money has had any guarantee of redemtion done away with since 1971.Would you hold a promisary note from someone hopeless in debt and totally irresponsible that could never repay their debts and you have no guarantee of any kind to be able to recoupe anything of value?Thats what you're doing with Federal Reserve Notes.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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