SR 68 The Gold Solution is a Lie - Bill Still

[Constitutional Paulicy]

I saw the "Money Masters" documentary that Bill Still produced years ago not long after it was first released. I stumbled across this recent report he released and wondered what you guys make of his claims. Anyone here familiar with him?

[Steven Douglas]

Bill Still is leftist conspiracy theorist moron with a "libertarin-ISH" agenda from a far left fringe. His "solution" is no different than that of Dennis Kucinich: He wants the Fed placed directly under Treasury. He loves the counterfeiting printing press idea, and wants it kept intact, but he wants that given directly over to Congress. That way currency is not simply borrowed and LENT into existence. Instead it is printed and SPENT directly into existence (thus making the state the first user of all new money in the perpetually inflated money supply).

Consider what this blithering idiot says at 5:00:

"Gold is concentrated money. It is the exact opposite of traditional, democratized American money. Debt-free US notes 'and coins' issued by Congress.

"DEMOCRATIZED?" He is a statist monetarist. He hates the power of the Fed and the banks, but LOVES the power of Congress to centrally control both the supply and value of money in the economy.

When Still says "debt-free" he is only referring to the mechanism by which counterfeit money makes its way into circulation. It may be "debt free", but it is NEVER COST FREE. It is only debt-free because the loan mechanism is removed. It is not cost free because of the hidden inflation tax on savers/currency holders, which remains, and is paid as a direct result of currency debasement. In other words, just dilute everyone's money. Worse yet, money that is spent into circulation REMAINS IN CIRCULATION.

[Constitutional Paulicy]

Wow. Well articulated. Thanks for the feedback.

Bill Still is leftist conspiracy theorist moron with a "libertarin-ISH" agenda from a far left fringe. His "solution" is no different than that of Dennis Kucinich: He wants the Fed placed directly under Treasury.

.....This much I have come to realize. It's my understanding that he and Kucinich advocate what was practiced by Lincoln during the Civil War. In order to finance the war, the government backed it's own currency (Greenbacks) which were printed to circumvent the banks who wanted to lend the Union money at extreme rates of interest.

It is not cost free because of the hidden inflation tax on savers/currency holders, which remains, and is paid as a direct result of currency debasement. In other words, just dilute everyone's money. Worse yet, money that is spent into circulation REMAINS IN CIRCULATION.

....This is the perfect argument against what they are advocating. I particularly like when Dr. Paul mentioned this while holding up a silver coin during his meeting with Bernanke.

[cbc58]

Bill Still is leftist conspiracy theorist moron with a "libertarin-ISH" agenda from a far left fringe. His "solution" is no different than that of Dennis Kucinich: He wants the Fed placed directly under Treasury.

I just watched this clip and I don't see what you are seeing. He doesn't promote the Fed at all and it's my understanding that he wants it abolished. All he is saying is that money should be issued by and work for the people (govt.) - with taxpayers receiving the benefit of income from it vs. the banks.

Think he's partly right about gold and those that pray to it's alter.

[Travlyr]

I just watched this clip and I don't see what you are seeing. He doesn't promote the Fed at all and it's my understanding that he wants it abolished. All he is saying is that money should be issued by and work for the people (govt.) - with taxpayers receiving the benefit of income from it vs. the banks.

Think he's partly right about gold and those that pray to it's alter.

I see it. Ask yourself this question, "Who would you prefer to be in charge of your money supply?" You (commodity standards) or someone else (Bill Still's solution)? It is fine if you pick Bill Still's solution as long as everyone is not forced into his counterfeit system. In other words, let me use gold, silver, or whatever I want as money and you can use whatever you want. Does that sound fair enough?

[cbc58]

That's fine... no problem. You can do that now.

[Travlyr]

That's fine... no problem. You can do that now.

When I pay my taxes, except in Utah, if I use gold or silver "dollars" are they recognized at face value or market value? Will they even accept payment of taxes in gold or silver today?

[cbc58]

the value of gold and silver is subjective... isn't it? you are welcome to buy things with it or pay debts.. but because you say it's worth "X" doesn't make it so. go into a subway franchise and order a $5 foot long sub and give them a silver quarter -- tell them it's worth $6 - they may laugh in your face... but it's worth $6 to you because you say so. all you have to do is find others that agree with your thinking and you're all set. better yet... give them an itty-bitty grain of gold... see how that works.

[Travlyr]

the value of gold and silver is subjective... isn't it? you are welcome to buy things with it or pay debts.. but because you say it's worth "X" doesn't make it so. go into a subway franchise and order a $5 foot long sub and give them a silver quarter -- tell them it's worth $6 - they may laugh in your face... but it's worth $6 to you because you say so. all you have to do is find others that agree with your thinking and you're all set.

Can I pay my required legal plunder in silver? No, I must use "legal tender."

[cbc58]

pay them in legal tender silver coins... or move to utah.