“We are going to keep our eyes on the stars and our feet on the ground,” said Lyndon B Johnson.

“I want to assure you that in making this change from the 18th century we have no idea of returning to it.”

Lyndon B Johnson: Our present silver coins won’t disappear and they won’t even become rarities. We estimate that there are now 12 billion–I repeat, more than 12 billion silver dimes and quarters and half dollars that are now outstanding. We will make another billion before we halt production. And they will be used side-by-side with our new coins.

When Lyndon B Johnson signed the Coinage Act of 1964 into law,  he gave a doublespeak speech about the change. He dispelled predictions that the price of silver was set to skyrocket and that there would be hoarding of the precious metals by industry and individuals, although the truth would turn out the opposite. He declared that the gutting of US money would not help to destine the nation’s currency for devaluation, although the opposite would be true. 

7 comments on ““We are going to keep our eyes on the stars and our feet on the ground,” said Lyndon B Johnson.
  1. daddy warbucks says:

    Just when you think things couldn’t get any worse:

    (source: heralddemocrat.com)
    The American Academy of Environmental Medicine said schools should not install WiFi systems because they are linked to learning disabilities, headaches and altered immune systems.
    Will Wi-Fi systems cause learning disabilities to kids in schools …

    Oct 5, 2012 … The American Academy of Environmental Medicine said schools should not install WiFi systems because they are linked to learning disabilities …

    http://www.telecomlead.com/ enterprise-communications/ will-wi-fi-systems-cause-learning-disabilities-to-kids-in-schools/ – View by Ixquick Proxy- Highlight

    Dangers of Wi-Fi
    Wi-Fi radiation can cause headaches, concentration problems, dizziness, … Many schools are now using Wi-Fi but this is negatively affecting the learning …

    http://www.inspirationgreen.com/dangers-of-wi-fi.html

  2. Tom-Tom says:

    A lot of things happened after JFK was murdered. (And he wasn’t murdered by their patsy, Oswald.) It was all about money. And starting a war. And increasing consumption.

  3. Klaxon says:

    I can’t wait for Thanksgiving. The complexities of the world are starting to really get old, which is new but I can’t help the overpowering urge to never read another article or watch another cable news show again. Blasphemy, I know but my God there is really little we can do about derivatives, drones, GMO’s, and global warming. They have us by the balls and it only gets worse. Every year I cram my head and know more and more about things that I have nobody to discuss with in the real world because nobody reads or cares. Super self-isolating situation by just absorbing news and info and trying to improve oneself. Stuffing with gravy is awesome, especially when it is still hot and steaming. Turkey just fucking rocks in general and we have a big bitch to roast. Rock on. Buy silver! Or don’t, like it matters.

  4. Trevor Morgan says:

    Debasing the coinage – Diocletian did it too. I expect he was okay at the ol’ double speak too.

  5. Mike Hunt III says:

    LBJ can stick his clad slugs (real junk coinage) all up in his snatch.

  6. Aaron Bosse says:

    Check out my silver position!
    http://youtu.be/dq3djK-f1ks

  7. Jeff Sci says:

    “We are going to keep our eyes on the stars and our feet on the ground,” said Lyndon B Johnson………
    As a mentor of mine replied in 1995 to Johnson’s quote, “that is a good way to fall on your face.”

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