Editing Coinage Act of 1965
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<BLOCKQUOTE>''[[Vladimir Lenin|Lenin]] said the way to destroy capitalism is to debauch the currency. Through a quiet process of planned inflation, a government can quietly and unobservedly confiscate the wealth of its citizens. Henry VIII did it openly. He substituted copper for silver in the coinage of the day.''</BLOCKQUOTE> | <BLOCKQUOTE>''[[Vladimir Lenin|Lenin]] said the way to destroy capitalism is to debauch the currency. Through a quiet process of planned inflation, a government can quietly and unobservedly confiscate the wealth of its citizens. Henry VIII did it openly. He substituted copper for silver in the coinage of the day.''</BLOCKQUOTE> | ||
From approx. 1542 to 1551, Henry VIII did substitute copper for silver in the coinage of the day. | From approx. 1542 to 1551, Henry VIII did substitute copper for silver in the coinage of the day. | ||
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As noted above, in 1965, the United States did the same thing, shifting from a composition of 90% silver and 10% copper to one with two layers of a 75% copper, 25% nickel mix covering a 100% copper core. This change was made in the dime, quarter and half-dollar coins. | As noted above, in 1965, the United States did the same thing, shifting from a composition of 90% silver and 10% copper to one with two layers of a 75% copper, 25% nickel mix covering a 100% copper core. This change was made in the dime, quarter and half-dollar coins. | ||
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==Source Links == | ==Source Links == | ||
