I DO NOT support ammending the Constitution at this time. A Constitutional Convention in these times would/could be disasterous.
I would LIKE To SEE the senate be restored back to the states, etc...
Imagine the MSM during a constitutional convention, damn, let's not go there UNTIL we RESTORE THE REPUBLIC.
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Constitutional Convention is NOT the same as passing an amendment.Originally Posted by ClydeCoulter
I am AGAINST a Constitutional Convention, but FOR an amendment.
You can have an amendment, WITHOUT a Constitutional Convention (which convention would jeopardize the entire Constitution!)
There has been ONE constitutional convention, but MANY amendments have been passed WITHOUT a constitutional convention (including the 17th, which took the senate from the states, which you say you wish to reverse). That is a good desire, but this is precisely HOW you reverse it, or "restore the republic", by reversing and abolishing wicked laws, including wicked amendments like the "16th" (non-amendment) and 17th.
This is HOW you restore the republic, by abolishing wicked laws! There is no other way to "restore."
Your comment is stupid. Constitution had a flaw when it gave the power to create money into the hands of government. Free Market can take care of it INFINITELY better. This very power was taken by the congress and gradually perverted through gradual introduction of fiat money and legal tender frauds, as well as "taxation" of alternative currencies. My amendment seeks to fix this error and weakness in the original constitution, the need amply demonstrated for by the last 200 years!
Last edited by Foundation_Of_Liberty; 07-21-2012 at 12:02 PM.
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Gold supply in the world is growing at a healthy rate of 2%-5% per year. Gold supply is NOT finite. It is actually infinite. I have heard of enormous potential for gold mining, plus of technologies allowing to convert baser elements into pure gold. All in all, between gold, silver and 100’s of other commodities, crowned with freedom to freely use any of them, we will be perfectly fine, as far as medium of exchange is concerned! As long as we have our Freedom!
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Hey FOL, when are you going to run for office?
Supposing gold was finite, and supposing that all of the reasonably accessable gold had been mined and claimed (same with silver) this would matter little. As I understand, money is simply a designation given to widely accepted mediums of exchange. Facillitators. Gold, as history and tradition shows us is the most widely accepted medium of exchange, it is the most efficient facillitator, followed closely by silver. Please excuse my lack of proper jargon in the following section. Should gold, for any reason, lose its ability to facillitate transactions (For example if "peak" gold were met) new moneys/currencies/facillitators will emerge spontaneously to relieve the pressure (just as gold spontaneously became the prime facillitator of transactions- Lithium comes to mind. In the past Tobacco, Fish, and other things have been used). It is likely that should your excellent amendment become law most people would use many different currencies/monies/facillitators. One for local transactions, one for long distance transactions. One for expensive purchases, another for less dear ones... and just what in the hell is wrong with that?
As far as litium is concerned, and I do not know this for sure,it would be rather dangerous to carry around a lithium coin. This is where a private bank comes in. They store the lithium safely, and mint lithium notes. They also serve as a broker, selling lithium to producers of hi tech things (whose demand is what gives lithium its value). I am having difficulty reconciling something here. As the litium is purchased, and used, the stores are depleted (while they can be replenished through extraction) so in order to operate ethically and for profit the broker/bank would have to keep net stores larger than issued lithium notes... Ill work on this, likely to no avail.
Another great thread, a pleasure to read.
Version 2.0
Thank you, bolil!
Excellent points! Free Market will perfect the medium of exchange as it perfects any other product, and the best and most honest service providers (i.e. banks) will stay in business, and bad ones will be rejected, as long as the government is forbidden to interfere via immoral use of force by granting monopolies, immunities and privileges to the thieves!
The problem in banking was created by introduction of immoral use of government force, therefore the solution is to remove the immoral government force, and expose the banksters to the full weight of Free Market discipline, via Free Competition in Currencies, and the laws of justice (from which they are shielded now by the government, which institutionalizes legalized plunder). Thus Freedom is the answer! Free Market is the answer, which is simply the expression of God-given individual liberty in the sphere of economics and enterprise.
Last edited by Foundation_Of_Liberty; 07-25-2012 at 10:28 PM.
Ron Paul: We Must Have Parallel Currencies
Before the United States House of Representatives, Subcommittee on Domestic Monetary Policy, Hearing on Sound Money: Parallel Currencies and the Roadmap to Monetary Freedom, August 2, 2012
One of the most pressing issues of our time is the push for monetary freedom. The only sound monetary system is one which protects sound money and allows consumers, businesses, and investors the freedom to transact in the currency of their choice. The importance of sound money is summed up nicely by Ludwig von Mises: "It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments." It is no wonder that governments fight tooth and nail against sound money, as sound money protects the well-being of the middle class and the poor while preventing the expansion of government.
Read the rest: http://paul.house.gov/index.php?opti...id=16:speeches
Last edited by Foundation_Of_Liberty; 08-03-2012 at 08:57 AM.
Epic Congressional Testimony: A Man calls congressmen who support the Fed THIEVES!
"Your are irrelevant!" "The greatest thing you can do for us is STAY OUT OF OUR WAY!"
Ron Paul's Texas Straight Talk 8/13/12:
Legalize Competing Currencies!
here here!
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