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The U.S. Silver Dollar had its genesis from the Spanish Silver Dollar known as Pieces of Eight. As the Federal Reserve Bank of San Francisco states: "During much of the 17th and 18th centuries, the Spanish Dollar coin served as the unofficial national currency of the American colonies."
Money that circulates only because it has been forced upon the people by legal tender laws is not Honest Money. What the State enforces as acceptable for payment of taxes is not Honest Money. It is not the stuff of free markets. It is not the money of the Constitution. Is it honest to lend that which one has does not have? Is it honest to lend that which one has not earned? Is it honest to create that which one loans out, and then to charge interest on it, for doing nothing? Fractional reserve lending of paper fiat debt-money evokes the epitome of moral hazard, and thereby pays homage at the altar of the money-god Lucre.
"In eighteen years that have passed since Senator Lodge wrote that letter of warning all of his predictions have come true. The Government is in the banking business as never before. Against its will it has been made the backer of horse thieves and card sharps, bootlegger's smugglers, speculators, and swindlers in all parts of the world. Through the Fed the riffraff of every country is operating on the public credit of the United States Government.