Dollars and sense | AspenTimes.com
YOUR AD HERE »

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


Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


News


See more