Talk:Silver standard/Archives/2013

global point of view

From a global point of view, silver standard refers to silver being the main form money in global commerce. Frank discusses this in great detail for 1400-1800 in REORIENT. Healtheditor 20:33, 23 June 2007 (UTC)

Edit

I deleted the following text:

"President John F. Kennedy amended the constitution with Executive Order 11110 on June 4, 1963. The amendment called for isuing silver certificates for any silver buillon, silver, or silver dollars for their redemption. This amendmendment has never been acted upon, but has never been repealed."

The president can't amend the constitution with an executive order. Further, "isuing", "buillon" and "amendmendment" are not words.

I also killed this part: "Although there is no more actual redeemability of paper fiat Federal Reserve "Notes" into something tangible such as gold or silver, the Constitution of the United States still commands the respective States/US Government: "No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts" (Art. 1, Sec. 10, CL. 1), and only "Congress shall have Power...To coin Money." (Art. 1, Sec. 8, CL. 5)" ..because it's a typical word-twisting by coin enthusiasts. The Constitution is referring to the states, not necessarily the Fed, and the idea that the fiat currency is "illegal" has been toasted in court over and over. —Preceding unsigned comment added by 70.61.22.110 (talk) 16:06, 2 March 2009 (UTC)

Sources

I don't see any sources on this page. Maybe I should delete it. —Preceding unsigned comment added by 139.102.239.12 (talk) 06:12, 8 January 2008 (UTC)

Johnson's Executive Order

I deleted the following: "On Monday, November 25, 1963, the day of Kennedy's funeral, President Johnson signed an executive order to recall the U.S. Notes that had been issued by Kennedy's earlier directive, and five months later". According to | The American Presidency Project, no order was signed on that day, and there is no executive order missing in the list covering that date. Such an gross error can't be allowed in the text. MatthewSMaynard (talk) 16:54, 2 December 2008 (UTC)

Hryvnia

The Kievan Rus had a currency called Hryvnia that was based on silver and gold. Is it a valid instance of a silver standard? If so, I think it should be added to the article.--VictorAnyakin (talk) 13:40, 5 January 2009 (UTC)

China anybody?

As China was THE major economies in the past, it's monetary standard was based on silver. More information of this please. —Preceding unsigned comment added by Gw2005 (talk • contribs) 02:45, 6 January 2009 (UTC)

I just add the Chinese part for the silver standard, using info from Chinese book (Chinese monetary history) and the Krause "World Coins". I believe China is the last country to abandon silver standard based on the Chinese book. —Preceding unsigned comment added by Litsea (talk • contribs) 13:59, 19 March 2009 (UTC)

I'm a bit concerned about the etymology in this sentence: "Silver ingots had a shape similar to a boat or a Chinese shoe during the Yuan Dynasty (1271–1368), and was called "yuan bao" (元寶) - literally "treasure of Yuan".". I don't think the 元 in 元寶 (yuanbao) is referring to the Yuan dynasty. The term 元寶 was used on coins as early as the Tang Dynasty (618-907), in this case carrying a meaning akin to 'coin'. So I'm removing that statement. If anyone disagrees, please provide a proper explanation of the etymology. Thank you, Alfons Åberg (talk) 14:04, 1 January 2011 (UTC)

Monetary vs fiscal policy

The paragraph of the United States section beginning "Due to the fiscal policy of the U.S Federal Reserve, calls for a return to the gold standard have returned." The Federal Reserve does not engage in fiscal policy. That's the role of the government. The Federal Reserve is responsible for monetary policy, which is different from fiscal policy by design - that's why Central Banks were invented. DaveDixon (talk) 16:39, 6 September 2013 (UTC)