Liberty Dollar: Difference between revisions
Jump to navigation
Jump to search
no edit summary
No edit summary |
|||
| Line 9: | Line 9: | ||
==Concept== | ==Concept== | ||
The Liberty currency is designed to be interchangeable on a $1 to $1 basis with [[Federal Reserve notes]]. The flexibility of the Liberty Dollar to remain backed by precious metals, yet be interchangeable on a $1 to $1 basis with Federal Reserve notes achieved as follows. Silver coins minted with a face value of $10 are to be re-minted at $20 when the value of the Federal Reserve notes devalue sufficiently due to [[inflation]]. | The Liberty currency is designed to be interchangeable on a $1 to $1 basis with [[Federal Reserve notes]]. The flexibility of the Liberty Dollar to remain backed by precious metals, yet be interchangeable on a $1 to $1 basis with Federal Reserve notes achieved as follows. Silver coins minted with a face value of $10 are to be re-minted at $20 when the value of the Federal Reserve notes devalue sufficiently due to [[inflation]]. The currency is produced in coinage, paper currency, and electronic forms. | ||
==Security== | ==Security== | ||