Wednesday, January 13, 2010

A Penny is Worth More Than A Dollar

A penny is made of valuable copper. Copper is intrinsically worthful, its numerous uses vary dramatically from artistic sculptures to electrical wiring. Regardless of Wall Street’s or Washington’s opinion of this metal, copper is a valuable commodity. An American with a penny in hand has hold of an asset. The more pennies a person obtains the greater is that person’s assets.
Previous to 1935 the American Government deposited gold into reserve banks for every dollar they printed. Citizens had the ability to exchange their dollars for gold.
The American dollar is no longer backed by gold or any valuable commodity. Through the period from the mid 1930’s to 1971 the government incorporated laws that severed the relationship between gold and the dollar.
Presently, a corrupt, thoroughly bribed, tremendously indebted American Government prints these paper dollars. Ironically, the holder’s faith in these notes of promise is needed in order to give them value.
For decades the American Government has enacted laws that have decimated Americas’ formerly powerful manufacturing ability. Along with corruption and debt, this behavior has deteriorated the promise that backs a dollar, since a manufacturer can back a dollar and a consumer can not.
A penny is worth more than a dollar, because used copper is worth more than used paper.

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