While the United states Armed Forces (private mercenaries) are in Afghanistan, Djibouti, Iraq, the Philippines and west Africa defending “all freedom-loving people everywhere in the world,” Republican (fascist/socialist) President George W. Bush signs the Presidential Dollar Coin Act, directing the United states mint to begin producing “token dollar” coins featuring the faces of all deceased presidents. The approved design places the phrases “In God we trust” and “E Pluribus Unum” on the side rim of the coins.
NOTE: Although these coins appear to be gold in color, and their legal tender value is one “dollar,” the intrinsic (melt) value of their manganese cores and brass alloy (copper and zinc) plating is only 5.64 “cents” apiece. This represents an unconscionable, exorbitant, “windfall” seigniorage (profit) to the United states treasury of nearly 18%. The typical seigniorage paid to the Treasury during the era of lawful Money (silver and gold Coin), was only two or three per cent.
[added 12/5/2020] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Fairbanks Daily News-Miner – Palin faults coin design approved by Bush
newsminer.com/pages/full_story/push?blog-entry-Palin+faults+coin+design+approved+by+Bush+&id=4394675-Palin+faults+coin+design+approved+by+Bush&instance=blogs_editors_desk
Coinflation: Measuring Intrinsic Value of World Coins
www.coinflation.com