Comments for History of the Federal Reserve: An American Coup at http://www.jbs.org. , comment 1 to 3 out of 3 comments http://www.jbs.org. Sat, 21 Nov 2009 08:24:49 +0100 FeedCreator 1.7.3 http://www.jbs.org./jbs-news-feed/4974#comment-1455 ShopJBS could help take the lead in ending the use of inflatable Federal Reserve Notes by making payment through GoldMoney.com a visible option. Further, keeping holdings there would reduce exposure to hyper-inflation - before it hits prices fully. See http://goldmoney.com/index.html for details. - Pat Henry Fri, 26 Jun 2009 09:12:09 +0100 http://www.jbs.org./jbs-news-feed/4974#comment-1454 If you get likeminded individuals to already start trading in gold and silver, the inflation that devalues your "dollars" (because prices rise to consume it) will not affect you! "Specie" retains actual value. A well-tailored man's suit cost about a troy ounce of gold in Washington's day, in Lincoln's day, in FDR's day, and even in Obama's day today. That's because the value of materials and labor and desirability is roughly the same - and the gold's actual value is roughly the same, in real terms (not "nominal" terms that FRN "dollars" falsely impress upon us). While you must still keep (or trade back into) enough "dollars" at hand to pay your taxes, you can make voluntary contracts between buyers and sellers to pay each other in silver and gold. http://www.silverandgoldaremoney.com/ gives a daily-updated calculator that makes it easy to convert FRN "dollar" prices into specie value. And Goldmoney.com gives a way to make electronic transactions based on actual gold holdings kept secure in an audited vault. - Pat Henry Fri, 26 Jun 2009 09:06:20 +0100 http://www.jbs.org./jbs-news-feed/4974#comment-1453 Yes, we must educate the public and lobby Congress to obey the Constitution ("shall not emit bills of credit" - enshrining the lesson learned from the fiat paper "Continental"). But at the SAME time, we can take voluntary action to make the Fed irrelevant even if Congress won't listen. In his article on the Continental (excellent short history at http://www.mises.org/story/2340 ), Thomas Woods shows that the Continental contained the seeds of it own destruction. And that, because colonial America understood and refused to use Continentals (or valued them properly). We can do likewise. How? Begin to use gold, silver, copper, platinum, etc. (specie) in payment for goods and services, and contract to receive the same for what you produce of value. Make an end run on the Federal Reserve Note, and it will fall to its rightful value. A calculator to help affect this in terms of current nominal price fluctuations (because folks are still accustomed to using falsely-named FRN "dollars") is found here: www.SilverAndGoldAreMoney.com . Those who do this before the inevitable price inflation gets down the pipeline stand to gain the most. At least, you will lose less than waiting until the devaluation of your dollar-denominated assets reaches half of less of current value (based on the guvmint having already doubled the currency, equal to the current GNP ... and counting). - Pat Henry Fri, 26 Jun 2009 08:52:26 +0100