| Ending the Government Monopoly on Currency |
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| Written by Ann Shibler |
| Wednesday, 03 February 2010 10:34 |
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Allowing for competing currencies will allow market participants to choose a currency that suits their needs, rather than the needs of the government. The prospect of American citizens turning away from the dollar towards alternate currencies will provide the necessary impetus to the US government to regain control of the dollar and halt its downward spiral. Restoring soundness to the dollar will remove the government’s ability and incentive to inflate the currency, and keep us from launching unconstitutional wars that burden our economy to excess. With a sound currency, everyone is better off, not just those who control the monetary system. A case to help illustrate what sound money can do rests in the once-great, agriculturally-based bread basket of Africa, Zimbabwe. Suffering from a dictatorship that imposed wage and price controls and bad economic policies that resulted in massive hyperinflation that destroyed the manufacturing and production base that in turn effected an enormous rise in hunger and poverty, Zimbabwe has recently seen a remarkable turnaround in the last year.
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Comments (18)
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"The purchasing power of the dollar has shrunk by almost 95 percent since 1913 because of the takeover of the money supply by the Fed;"
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I do believe you are wrong on the assertion that if we held to a strict money standard (backed by gold or other metals in coin form) "our country would fall apart"! If we held to that, it is easy to realize that everything would be much more stable and would severely limit the ability of greedy people (including government) to manipulate the value of currency! The bottom line is this; normal, everyday, hardworking, blue collar folks, have no problem dealing in stable currency (coins) to mediate trade. We could go back to basic trading of say, potatoes for beef please, but the coins help make every transaction easier. The printing of any fiat currency leaves all hard working people vulnerable to con artists and elected officials. The desire of mentally elevated (egotistical) people, to play games with money is massive. The problem is when they do that and lose, we, the worker bees, are required by the people that write the laws to repay it! Our government is for the most part, a rogue government! We must end them, move them to an island that they already own, somewhere, and let them feed off of each other like the vampires that they are! I DON'T WANT TO BE A SLAVE ANYMORE, PERIOD........ And yes, unless you are a sellout to the establishment, we need you to do some more thinking, and join the movement of truth to help us get our country back!
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We can do what Ron Paul has proposed or we can wait for an economic collapse that is under way. If we do what Ron Paul recommends we will have balance and the Rule of Law. If we wait for the criminal class in the White House, Congress and Wall St. to act, we will have total panic and chaos. That is inevitable. The end result will be that we will use G&S again any way, but we could prevent the chaos if we accepted Ron Paul's legislation. The Congress and the White House are too stupid to do this and it does not fir into their Marxist agenda. Wall St. is too greedy to do it. In the final analysis we are screwed because Ron Paul's legislation will not be passed.
TAXPAYER
If anyone is aware of any legislation that can help all Americans more than this Resolution, you had better spread the word. In the mean time this is the only chance the USA has of righting the ship. Most commitees have web forms you can fill out for comments. The Judiciary Commitee only takes snail mail and faxes. The fax number is: 202-225-7680
looking forward to armageddon
Mr. Paul has been pushing for these changes almost as long as I have been alive. The man is right and knows what he is talking about. However, most people are either too stupid to understand, or too gutless to care.
Chief everything
Look at the situation in Europe and the reluctance of investors to purchase the bonds of even Eurozone countries like Greece, Portugal and Spain. At the same time the Chinese defend the Rhumbi vigorously and keep it undervalued against the dollar. Are we at the edge of the abyss that will bring in a new world order. Add to the economic and financial turmoil the pressure of religious extremists and we could be on the brink of a world problem that could make World War II look like a minor disagreement. A return of fiscal sanity would possible help, but would not in and of itself solve the problem
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Just about Zimbabwe's case the introduction of U$S dollar as currency stops the hyperinflation but the cost is going to be the country itself because Zimbabweans will have to pay in U$S dollars for everything and they will be never be paid in the same currency for anything they may export or provide. Then everything inside Zimbabwe is going to be expropriated by the ones who are providing the initial amount of dollars to start the process.
For the present no hyperinflation in the USA
Stimulus money (dollars) which will raise the consumer confidence will in turn raise the profitablity of companies. These profits will for the most flow into the pockets of the very rich people which will reinvest their money mainly outsite the USA reducing again the amount of money in circulation.
Dolf Dieudonné
"Stimulus money (dollars) which will raise the consumer confidence..." So why is consumer confidence falling?
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RP,
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I think Ron Paul should hammer this topic home until he gets some attention. As things go to hell in a handbasket there will be some who remember his fight to get currencies stable. We might even change once the dust settles so as to avoid making the same mistake over and over again.
The Globalists Wreck the Constitution Deliberately!
"H.R. 4248 was introduced in early December and as yet has no cosponsors. It probably won’t see the light of day as it is buried in several committees -- Financial Services, Ways and Means, and Judiciary .."
It is a spiral development
A downward spiral. Dolf Dieudonné says consumer confidence is rising. It's not. Locally (which is economically the least depressed in the county and the county is economically the best in the state), sales are down in the stores. Some companies have closed completely. The mall has many empty stores. Other companies are downsizing, laying off people, and closing some stores. New business startups are low. Where there has been expansion, the scale of expansion has been reduced or the expansion delayed.
There is no large, national debt
Since the Constitution empowers the Congress to coin money of gold and silver, and the states can not make any thing but gold and silver coined money as legal tender, the so-called national debt is bogus because money has not been borrowed, only notes have been borrowed, and the notes are not redeemable, hence they are fraudulent
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I like Ron Paul greatly, and I do think that he's is finally, despite the media, despite the bipartisan politics, trying to lead the country to sanity. I voted for him for President, when the country was voting for magic tricks. |
Our valuable member Ann Shibler has been with us since Wednesday, 02 April 2008.
There can be no legal tender in this country ... but gold and silver. This is a constitutional principle ... of the very highest importance"
— Daniel Webster
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