REAL SILVER DOLLARS:

USE, DEFINITION & EXPLANATION

USE is an acronym that stands for United States Silver Eagle Dollar.  This acronym was chosen so that it would not be confused with USD and because we want people to really "use" them on the Real Money Network.  USD is a term which is commonly used for Federal Reserve Notes (FRNs), which are not real dollars as explained below. 

According to the united States' Constitution, which is the "Supreme Law of the Land":

“No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”  Article I, Section 10, united States’ Constitution

“The Congress shall have power...to coin money (and) regulate the value thereof.”  Article I, Section 8, united States’ Constitution. 

Congress first exercised its constitutional mandate to "coin" silver and gold money in 1792 because the founders had expressly prohibited the printing of money (read the Federalist Papers and James Madison's notes on the Constitutional Convention).  At that time Congress defined a "dollar" to be (at least) 371.25 grains of pure silver.  The first dollars were not just silver colored, they contained 90% real silver metal because Americans at that time demanded that the face value of their coins be equal to (or nearly equal to) the intrinsic value of the metal contained in the coins.  Therefore, the medium of exchange for the first 72 years of America's history was only silver and gold coins, not paper currency.

In 1913 Congress fraudulently passed the Federal Reserve Act which put the control of money in the hands of the international banksters who run the privately-owned corporation known as the "Federal Reserve Bank".  From that point forward a Federal Reserve "dollar" began declining in value until today it is only worth about $.04 (or less) compared to the value of a real silver dollar in 1913.  It is interesting to note that today the privately-owned Federal Reserve Bank only pays about $.04 for each "bill" that the United States Treasury prints.

            ONE FRN = FOUR CENTS!

A Federal Reserve Note (FRN) is not a real dollar

In 1965 Congress unlawfully abandoned the minting of real silver dollars.  From that point forward Federal Reserve Notes took their place and inflation and the national debt began to skyrocket.    CLICK HERE to learn why FRNs are not real dollars.  Since the Federal Reserve is the biggest fraud perpetrated on the American people, I will hereinafter refer to FRNs as Federal Reserve Auditing United "Dollars" or simply by the acronym FRAUDs.

Money is simply an agreed upon medium of exchange.  Since sovereignty is vested in "We the People" (not the politicians), we could use buffalo chips or cow pies for money if we wanted to.  In fact, when you think about it buffalo chips and cow pies have more intrinsic value than FRAUDs.  This may sound like a lot of BS, but the pioneers and American Indians used dried buffalo chips as a prairie fuel for cooking and heating their sod homes and tipis.  Cow pies are used as a natural fertilizer to produce food.  Try doing that with FRAUDs! 

Food and warmth are necessary for survival.  FRAUDs have very little to offer when it comes to BTUs and they offer nothing of real value for soil enrichment.  I seriously doubt they would even have any practical value in the bathroom, given their narrow width, slick surface, sharp edges and utter lack of Charmin-like softness.  However, there appears to be a consensus of opinion not to include buffalo chips and cow pies on the Real Money Network due to possible olfactory repercussions. 

Unlike FRAUDs, real silver coins do have intrinsic value and their value is substantial given their size and weight.  One silver dollar has about the same value as a pickup load of cow pies and it is more convenient to spend and less messy.  Today silver has even more intrinsic value due to new applications in electronics, health and sanitation.  Now back to the history lesson...

In 1986 the US mint began minting "numismatic" one dollar silver coins called "Silver Eagles"; that is, these coins were not really intended to be used as money, but for coin collections.  However, Silver Eagles were congressionally designated "legal tender", which means that if you tender them in payment for any bill you receive, they must be accepted.  If your creditor refuses to accept them, your debt is discharged (until you are billed again).  Of course, this begs the question:  Who, in their right mind, would refuse real silver dollars on a one to one basis with FRNs?  This can be very useful when the state sends you a tax bill because the state can only compel you to pay in gold and silver coin pursuant to Article I, Section 10, united States' Constitution (which has never been amended).  However, I should add the caveat that certain Bar Association members (primarily prosecutors and judges) are co-conspirators with bankers and will refuse to follow the Constitution.  I know this from personal experiences.  In many cases judges own banks or invest in banks and that, of course, is a conflict of interest at the very least.

Silver Eagles weigh one troy ounce and are 99.9% real silver.  The "Silver Eagle" below was minted in 2002.  As you can see, the reverse side states that the value is ONE DOLLAR.  It is a real Dollar coin because it is US-minted and contains at least 371.25 grains of pure silver.  Most coin dealers sell these Silver Eagles anywhere from 8 to 30 FRNs each. 

HERE'S WHAT A REAL DOLLAR LOOKS LIKE!

USE Defined

Currently, all US-minted Silver Eagles from 1986 through 2007 are accepted on the Real Money Network at a value equivalent to 20 FRAUDs.  This is the definition of USE vis-a-vis the Real Money Network.  However, no merchant is required to accept them in exchange for goods and services.  This is purely voluntary and by mutual agreement between buyer and seller and they want to agree on a different rate of exchange.  We certainly want to encourage all merchants to accept USE and any merchant who does accept Silver Eagle USE at a 20:1 FRAUD to USE ratio can request the "USE" designation on their listing, which will appear in red letters so as to be easy to spot.  The term USE does not apply to US-minted coins minted prior to 1986 because they are not one troy ounce and are not .999 silver.

The 20:1 ratio also applies to proof Silver Eagles as well as the less expensive "gem" Silver Eagles.  The Real Money Network takes a blind eye approach when it comes to "numismatics", even though Congress has fraudulently labeled Silver Eagles as such.  After all, the people are the sovereigns and they are the servants, so it is We the People who bear the ultimate disposition of US-minted silver and gold coins.  If we decide to use them as everyday currency and real money in lieu of coin collections, then so be it! 

Why use USE?

Here are some reasons why US-minted Silver Eagles are used in the Real Money Network as 20 FRAUDs:

1.  If Liberty Merchants are accepting one troy ounce American Silver Libertys (ALS) as being equivalent in value to 20 FRAUDs, then why not accept one troy ounce Silver Eagles at the same exchange rate?  After all, they have the same weight and purity and a US-minted Silver Eagle is the only real dollar currently minted in America.  (Technically, Liberty Dollars are not real dollars because they do not meet the ONE DOLLAR > 371.25 grains of pure silver requirement because it takes twenty Liberty "dollars" of them to meet that requirement.)

The main advantage of ALD over USE is that ALD comes in two other forms:  paper and electronic.  USE is a bit more expensive and time consuming to send through the mail than ALC plus USE cannot be sent over the internet.  Additionally, USE only comes in one dollar denominations.     

2.  Let us not forget that the purpose of the Liberty Dollar is to repeal the Federal Reserve Act, abolish the IRS and restore our lawful money system.  However, we don't have to wait for all that to happen to use real dollars (i.e., USE).  We can use USE now at a ten to one exchange rate in the same manner that we spend and accept a Silver Liberty at a face value of 20 FRAUDs.  In other words to a great extent we can restore our lawful money system right now. 

3.  The USE is a great real money learning tool to wake up our fellow citizens who are unaware of the Fed fraud.  Because it states "ONE DOLLAR" on the reverse side of the US-minted USE, people can actually see what a real dollar looks like.  The action of using USE at a ratio of 20:1 (FRNs to USE) demonstrates that a Federal Reserve Note only has a value of five cents (at most).  That is, even though a Federal Reserve Note is only actually worth about four cents, we are currently being very kind to the international banksters by exchanging it at a rate of five cents on the dollar.  When the price of silver makes a dramatic and permanent increase in value,  FRAUDs will have to be further devalued on the Real Money Network.  The ultimate goal is to push FRAUDs out of existence by persistently and continuously decreasing its usage and increasing the use of real money. 

4.  The 20:1 ratio also motivates people to take the time to contact coin dealers and buy USE.  If people shop around and look for deals they can easily buy them for 8 FRAUDs or less per coin.  They can then turn around and spend them at 20 FRNs and make money.  They don't even have to spend money to join an organization to do it either.  Money motivates people.  As the economic conditions worsen this motivation will become even stronger.  Realistically, we cannot expect the average American to use real money because it is constituional or "patriotic" or because the Fed is a fraud.  They need a much stronger motivation than that to wake them up.  The most important consideration is to keep the USE on the 20 to 1 standard in relation to FRAUDs.  Remember the cow pie analogy--money is based only upon agreement between sovereign beings.  The circulation of real money (USE) will accelerate by rewarding people for circulating real silver dollars.

5.  As people begin to increase the circulation of USE as money, the US mint will be obligated to mint more real money.  This is the way to restore our constitutional money system in America.  The Liberty Dollar system is a great transitional system and educational tool, but it should not keep us from actually using real money now.  Therefore, by using USE at a 20:1 ratio we will restore lawful money to American in much less time. 

[The graphs above were taken from a NORFED Liberty Dollar brochure.]