To be frank, the
dollar has not been destroyed! Let us not confuse
federal reserve notes with the “dollar”. There is a big distinction between the two and confusing the two avoids a discussion as to why our founding fathers specifically intended to forbid notes of any kind to be made a legal “tender either for public or private debts“!
The slide of hand which has taken place, and which even Ron Paul has yet to articulate is, a thieving money monopoly has been created by the simple act of making “federal reserve notes” a LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE which is in defiance of our founding fathers intentions as documented in
The Debates in the Federal Convention of 1787, reported by James Madison : August 16
[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.
Our founding fathers were firm believers in a free market system and allowing the federal government to declare a specific bank’s notes to be a legal tender would literally create a government approved money monopoly and would force people and businesses to accept notes in payment of debt, even if they were not “safe and proper”.
If you get time I suggest you read Roger Sherman’s
A Caveat Against Injustice … An inquiry into the evils of a fluctuating medium of exchange. Sherman who lived in Connecticut was defrauded by a legal tender law made in Rhode Island which required him to accept worthless script in payment of debt which had been made a legal tender under the force of government. As one of the delegates to the Convention which framed our Constitution, he was therefore determined to prohibit our government from emitting bills on the credit of the united States and likewise prohibiting notes of any kind to be made a legal tender in payment of debt to avoid the fraud which historically takes place without such prohibitions.
The bottom line is, the market place, and only the market place, is best suited to determine "honest money", and which notes, if any, may be safe and proper to accept in payment of debt.
Regards,
JWK
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.___ James Madison
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