Honest Money Constitutional Amendment

[Foundation_Of_Liberty]

Thanks Steven. So do you agree, that if the improper government FORCE was removed from the realm of money, via a law like this amendment, that it would strike at the root of the problem, and pretty much cut the throat of the beast?

[Steven Douglas]

Thanks Steven. So do you agree, that if the improper government FORCE was removed from the realm of money, via a law like this amendment, that it would strike at the root of the problem, and pretty much cut the throat of the beast?

Yes, and quite naturally. The beauty of it: Not everyone knows the nature of the beast, and in fact most believe in it. That alone prevents the catastrophic collapse that WOULD occur (the one that will eventually occur anyway) if you simply killed one beast and replaced it with another all at once.

Remember the adage - "panic" does not apply to those who simply and quietly walked out of the theater early. (or words to that effect - how does it really go?)

At first it would just be a bunch of "gold and silver bugs" doing their kooky "hoarding" thing, which gets derided by uninformed idiots who have no understanding of money or value...along with some not-so-vocal but equally intelligent people who do the same thing, because they actually do get the fundamentals involved. And a bunch of politicians will wring their hands about how this is just a tax evasion scheme that is unfairly punishing hard working Americans by placing "a greater we're-all-supposed-to-be-in-the-ponzi-scheme-together-or-it-won't-work burden".

The rest, however, will take a wait and see attitude. And - they will likely be rewarded in the short term, as steps are taken to artificially prop up the dollar (with even more debt). However, the wait-and-seers won't have to wait long, because with every market scare - every blip, every bump, every hint of a drop - more and more people will flock to safer havens...which in turn sets Thiers law spiraling into motion as everyone sells their "debt-money" in droves...until finally there are no buyers of the fiat currency at any low price.

[Foundation_Of_Liberty]

As I said, Steven, you are brilliant! And "a greater we're-all-supposed-to-be-in-the-ponzi-scheme-together-or-it-won't-work burden" is just too funny!

Thanks!

[Foundation_Of_Liberty]

Ron Paul Grills Ben Bernanke On Competing Currencies



Freedom is the solution! Free Competition in Currencies KILLS fiat, debt based, interest bearing system! And together with fiat it kills welfare state and warfare state!

[Foundation_Of_Liberty]

Jim Grant: Sound Money and Why the Fed is dead wrong

[Foundation_Of_Liberty]

Federal Reserve Chairman Ben Bernanke says that putting money on the gold standard would handicap the government's ability to address economic conditions. [He is right, which is one of the advantages of the gold standard. It is not the government's role to address economic conditions. Doing so is the primary reason the economy now is in a tailspin. The free market is the only force that can create a robust economy. Bernanke works for a banking cartel that derives great profits from fiat money. Those profits would be drastically reduced under the gold standard because banks could not collect interest on money they create out of nothing. They would need real deposits from their customers. Imagine that!] Reuters 2012 Mar 20


From http://www.realityzone.com/currentperiod.html

[Foundation_Of_Liberty]

GEG'S REPLY:
Richard, the simplest formula is no formula. Formulas are designed to be manipulated. That's why they are created. Therefore, monetary formulas, even those based on population, always will be manipulated by clowns -- or scholars. Money based on anything that requires human effort to produce (and which is not manipulated by clowns and scholars in accordance with a formula of their liking) automatically keeps pace with the size of the population. It requires no management by authority. It happens because, when prices start to rise, the value of money increases and, as the value of money increases, free men will turn to the production of whatever it is that people have chosen to accept as money. As that happens, the supply of money increases also, and its value drops back to that equilibrium point where it was in the beginning. That's the nature of supply-and-demand, and it is why monetary systems based on gold or silver historically have had incredibly stable purchasing power over hundreds of years, even during periods of increasing population. Inflation, the great destroyer of prosperous nations, is impossible when money is based on its own measurable composition, such as weight and purity, and is not burdened by any other formula.

Hard-wired is a great goal, but achievable only in the sense of establishing a definition for the nation's unit of monetary value; in other words, to set its weight and measure. Gold and silver once were hard wired into the Constitution -- until clowns and scholars cut the wires. The only way to prevent clowns and scholars from destroying a nation's money is, not to decide which of them will be given power to write (and alter) the formulas that determine the money supply, but to deny such power to all of them.

Constitutional weights and measures (pounds, inches, dollars, etc.) serve no beneficial purpose if they are constantly adjusted to accommodate expanding populations or agricultural seasons or employment quotas or economic cycles. Their function is to establish a reliable standard that is constant through all such changes. Once a monetary standard is set (for example, $1 = 1 oz of .999 silver), then we should step back, get our intellectual egos out of the way, and just let the miracle of a free market happen. Three-hundred and twelve-million people, each making scores of decisions every day, interactively effecting supply and demand for all goods and services, will produce a far more equitable and beneficial outcome than any committee of wise men -- or crooks posing as wise men -- ever could. That's not only the simplest formula but, in my view, it's the only one that will work.


--G. Edward Griffin
http://www.realityzone.com/currentperiod.html

[Foundation_Of_Liberty]

Here is an amazing graphical representation of derivative exposure of 9 biggest banks. Only fiat fraud makes this possible.

Click to see:


Be carefull, however, the article speaks of the dangers of "unregulated" markets. The only regulations you truly need are those imposed by Free Markets,-- the most stringent regulations,-- and MUCH stricter than bought out government regulators who actually allow the fraud. The regulations of Free Market are bankruptcy, and fraud prosecution. These are the only regulations one needs if justice is to prevail!

Note, that these astronomical derivatives do NOT become weapons of mass financial destruction unless a government bailout takes place. Then this mountain of debt is transferred upon the shoulders of everybody else via inflation. But if no bailout is allowed, then the offending bank goes bankrupt; its good assets are transferred to other banks, and devastation is localized only to the offending party. That's the way Free Market works, and its regulations are MUCH stricter then those of government regulators who actually allow fraud!

Also take a look at the cost of war, also made possible by fiat money!

http://demonocracy.info/infographics...st_of_war.html

(Fiat = war) is the formula first derived by Rothschilds. It is a true one. None of the world wars would have been possible without fiat money fraud!

Thus Free Competition in Currencies, which necessarily kills fiat (which cannot exist without a government forced monopoly), ends most wars as well as welfare state, and brings to forefront Sound, 100% commodity based currency, which is the most stable, and the most honest monetary system known to man.

http://demonocracy.info/infographics...t/us_debt.html
http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html
http://demonocracy.info/infographics...orld_debt.html
"Bankers own the earth. Take it away from them, but leave
them the power to create money and control credit, and
with a flick of a pen they will create enough to buy it back."
-Sir Josiah Stamp, former President, Bank of England

Thus, Free Competition in Currencies
is a great protector of Liberty!

[Foundation_Of_Liberty]

Ron Paul vs. Paul Krugman on Bloomberg TV



The debate! Ron Paul says inflation is THEFT! Krugman says theft is good! Ata boy! His name should have been Crookman!

[Foundation_Of_Liberty]

The illustrated history of you being robbed by the Fed




The thing to notice is the difference between productivity and wages as the money supply increases more rapidly.


Solution:
Free Competition in Currencies. It kills fiat, a.k.a. legalized counterfeiting, (which cannot exist without a government granted monopoly, and coercion), and brings forward a sound, 100% commodity based currency, like gold and silver, etc., as the PREFERENCE, of a truly Free Market.