FrankRep
07-31-2010, 02:58 PM
Email Congress!
http://www.votervoice.net/Core.aspx?AID=972&Screen=alert&IssueId=20563
Support Free Competition in Currency Act, H.R. 4248 (http://www.votervoice.net/Core.aspx?AID=972&Screen=alert&IssueId=20563)
Once upon a time our nation had sound money based on gold and silver. With the creation of the Federal Reserve in 1913, outlawing the possession of gold in 1933, plus the abolition of silver backing for currency in 1968, Americans have come to accept a paper money issued by a central bank that is backed by absolutely nothing but which is the only legal tender available.
The result is the continuation of an independent, unregulated, unaccountable and unconstitutional agency, the Federal Reserve, that has a monopoly on the money supply, and therefore controls its value through various manipulations. The effects are inflation, increases in unemployment, decreases in purchasing power of the dollar, and frequent boom-and-bust cycles that dramatically affect business and the entire market system.
YouTube - RON PAUL - H.R. 4248 FREE COMPETITiON OF CURRENCY ACT (http://www.youtube.com/watch?v=3i8qL2lulUY&feature=player_embedded)
Congressman Ron Paul (R-Texas) is prescribing just the right medicine for what ails this country’s monetary system by introducing H.R. 4248, the Free Competition in Currency Act of 2009. (http://www.govtrack.us/congress/billtext.xpd?bill=h111-4248) An advocate of sound money, Congressman Paul noted that, to be useful and honest, currency has to be, just as it has historically been, durable, portable, divisible, uniform, stable, reproducible and scarce -- gold and silver certainly fit the bill.
The purpose of the Act is to reintroduce a system of competition in currencies. By eliminating legal tender laws that give the Federal Reserve a monopoly over our money supply, the Federal Reserve would lose its power to manipulate the money supply and therefore its value. Doing away with laws that prohibit private mints from creating coinage would also end the Federal Reserve’s money monopoly. Eradicating the capital gains and sales taxes on gold and silver coins, platinum, palladium or rhodium bullion coins would set the groundwork for real prosperity, allowing people to trade and possess precious metals.
H.R. 4248 was introduced in early December and as yet has no cosponsors. It probably won’t see the light of day as it is buried in several committees -- Financial Services, Ways and Means, and Judiciary -- unless Americans make clear to their elected representatives that a true stimulus is needed, in the form of sound money that can only come about by eliminating the Federal Reserve’s current chokehold on the money system.
Scroll down this page to contact your representative and senators today and urge them to commit themselves to really stimulating the economy by supporting H.R. 4248. Any other policy or program is disingenuous, no matter how it’s sugarcoated, painted, or marketed to we, the people.
Be sure to personalize your message for maximum impact.
Email Congress!
http://www.votervoice.net/Core.aspx?AID=972&Screen=alert&IssueId=20563
http://www.votervoice.net/Core.aspx?AID=972&Screen=alert&IssueId=20563
Support Free Competition in Currency Act, H.R. 4248 (http://www.votervoice.net/Core.aspx?AID=972&Screen=alert&IssueId=20563)
Once upon a time our nation had sound money based on gold and silver. With the creation of the Federal Reserve in 1913, outlawing the possession of gold in 1933, plus the abolition of silver backing for currency in 1968, Americans have come to accept a paper money issued by a central bank that is backed by absolutely nothing but which is the only legal tender available.
The result is the continuation of an independent, unregulated, unaccountable and unconstitutional agency, the Federal Reserve, that has a monopoly on the money supply, and therefore controls its value through various manipulations. The effects are inflation, increases in unemployment, decreases in purchasing power of the dollar, and frequent boom-and-bust cycles that dramatically affect business and the entire market system.
YouTube - RON PAUL - H.R. 4248 FREE COMPETITiON OF CURRENCY ACT (http://www.youtube.com/watch?v=3i8qL2lulUY&feature=player_embedded)
Congressman Ron Paul (R-Texas) is prescribing just the right medicine for what ails this country’s monetary system by introducing H.R. 4248, the Free Competition in Currency Act of 2009. (http://www.govtrack.us/congress/billtext.xpd?bill=h111-4248) An advocate of sound money, Congressman Paul noted that, to be useful and honest, currency has to be, just as it has historically been, durable, portable, divisible, uniform, stable, reproducible and scarce -- gold and silver certainly fit the bill.
The purpose of the Act is to reintroduce a system of competition in currencies. By eliminating legal tender laws that give the Federal Reserve a monopoly over our money supply, the Federal Reserve would lose its power to manipulate the money supply and therefore its value. Doing away with laws that prohibit private mints from creating coinage would also end the Federal Reserve’s money monopoly. Eradicating the capital gains and sales taxes on gold and silver coins, platinum, palladium or rhodium bullion coins would set the groundwork for real prosperity, allowing people to trade and possess precious metals.
H.R. 4248 was introduced in early December and as yet has no cosponsors. It probably won’t see the light of day as it is buried in several committees -- Financial Services, Ways and Means, and Judiciary -- unless Americans make clear to their elected representatives that a true stimulus is needed, in the form of sound money that can only come about by eliminating the Federal Reserve’s current chokehold on the money system.
Scroll down this page to contact your representative and senators today and urge them to commit themselves to really stimulating the economy by supporting H.R. 4248. Any other policy or program is disingenuous, no matter how it’s sugarcoated, painted, or marketed to we, the people.
Be sure to personalize your message for maximum impact.
Email Congress!
http://www.votervoice.net/Core.aspx?AID=972&Screen=alert&IssueId=20563