From The Intel Hub
by Gary Gibson
The Dollar Vigilante
March 26, 2013
. . . “The minimum wage in the two years before 1966 was five 90% silver quarters. That 90% silver $1.25 is roughly $25 in today’s money. Let me be clear: if the minimum wage had stayed at a mere $1.25 an hour and the central bank had not debased the money supply forcing the reduction or removal of the silver content, minimum wage workers would have been roughly two or three times better off today in terms of real purchasing power than they currently are with a nominal minimum wage nearly six times the nominal amount prior to 1966. Because of money supply inflation, the minimum wage is nearly six times as high…but buys roughly half as much…or less.” . . . Read Complete Report
U.S. silver history 1961 to 1974: Step by step from silver and gold backed dollars to ?
Published on Jul 16, 2012
“Nation’s money no longer linked to precious metals gold, silver” and other headlines from the 1960s tell the tale of 90% silver dimes, quarters, half dollars, and dollars, and silver certificate paper money that could be exchanged for silver coins… and what happened to them both.