Dollars and sense |

Dollars and sense

Dear Editor:

If the “average Joe” would have kept their dimes and quarters from 1963 and earlier, the price of fuel and most other costs would have been slightly up. Although four 90-percent silver dimes only have a face value of 40 cents, the weight in silver of each dime will fetch close to $1.20. This is not to mention our pennies currently cost 3 cents to make and nickels 8 cents. Four real silver dimes, not confetti Fiat paper, can buy you a gallon of gas.

What is that dollar of Fiat paper doing? Losing value daily. The Federal Reserve is the problem, as they were established in 1913 to protect our currency. The U.S. dollar has lost a good part of its value since that fateful date. Some want to give these private banks that call themselves Federal, to dupe the “average Joe,” even more power. Maybe the Aspen Ideas Festival should have this currency issue as their main topic, as none of our other problems can be resolved until we address the currency issue first ” that includes the environmental issue also. Some are beginning to see what’s going on behind the curtain.

Tom Anderson

Aspen Village

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