It’s been said that those who refuse to study history are condemned to repeat it. We were where we are today in 1777 under the Articles of Confederation. We fixed it with the Constitution. If you read on you will see what we did and what we can do again if…
Ya wanna know what happened and how to fix it? READ WHAT OUR FOUNDING FATHERS had to say and what they DID to fix it..
“…the pestilent effects of paper money on the necessary confidence between man and man, on the necessary confidence in the public councils, on the industry and morals of the people, and on the character of republican government, constitutes an enormous debt against the States chargeable with this unadvised measure, which must long remain unsatisfied; or rather an accumulation of guilt, which can be expiated (forgiven) no otherwise than by a voluntary sacrifice on the altar of justice of the power which has been the instrument of it. In addition to these persuasive considerations, it may be observed that the same reasons, which show the necessity of denying to the States the power of regulating coin, prove with equal force that they ought not to be at liberty to substitute a paper medium in the place of coin.”
Federalist Papers #44 (written by James Madison)
ALL of these “effects” (the pestilent effects of paper money on the necessary confidence between man and man, on the necessary confidence in the public councils, on the industry and morals of the people, and on the character of republican government) are here with us today… everyday. You’d have to be deaf, dumb & blind not to see it.
The word “Dollar” would be much easier to understand if it represented… fish, as an example. If you received a promissory note that read, “The United States of American will pay to the bearer on demand five pounds of fish…” and you didn’t get any fish, you’d understand immediately. You haven’t been paid.
What the People don’t understand is that a “Dollar” is a unit of measure and it measures a specific amount of gold or silver (See the Coinage Act of 1792).
When a note promises that it, “…will pay to the bearer, on demand, one dollar… five dollars… 100 dollars…” it is referring to a specific amount of gold or silver. If you ain’t got no gold or silver… YOU HAVEN’T BEEN PAID!
If you went to a restaurant and checked your hat with the Federal Reserve Hat Check Girl and she gave you a claim check for it, you went and ate your meal and came to retrieve your hat and the Federal Hat Check Girl told you that “We no longer redeem hat checks, you can just use your hat check as a hat.” You’d understand… YOU AIN’T GOT NO HAT!
Why is it so hard to understand that; if money is the tool that we use to measure & establish the value of a Thing, the tool, the measure, MUST NOT FLUCTUATE IN VALUE.
“Good money must have an intrinsic (inherent, built in, basic, fundamental, central, native, natural) value. The United States of America cannot make its shadow (paper money) legal tender for debts payable in money without ultimately bringing upon their foreign commerce and their home industry a catastrophe, which will be the more overwhelming the longer the day of wrath puts off its coming. Our federal constitution was designed to end forever the emission of bills of credit (paper money) as legal tender in payment of debts, alike by the individual states and the United States; and it will have that effect, if it is rightly interpreted and firmly enforced.”
George Bancroft (author of “A Plea For the Constitution Wounded in the House of it’s Guardian”)
Imagine, if you will, trying to build a house with a unit of measure that fluctuated on a daily basis and yesterday a foot measurement was what we all know it to be. But today, as we begin work, we notice that now a foot is equal to what we called a yard yesterday and tomorrow we can expect a foot to mean something even bigger… or smaller. Can you imagine what the house would look like… even if we could get it built???
Or try to bake a cake with measuring cups/spoons that vary in size from minute to minute.
The reason that, by the Supreme Law of our land, paper money is banned (see Art. I Sec. 8 & 10) is that the value of a gold coin cannot be inflated or deflated merely by printing more. Either the gold exists or it doesn’t. You can’t create faux (fake, artificial, unreal, false) wealth.. by printing it as the Federal Reserve Bank has been doing for the last 95 years,
There was no such thing as inflation between the time that we banned paper money with the Constitution until Roosevelt, illegally, unlawfully took the gold backing from the dollar And it was still in check (although to a lesser degree until Nixon removed the Silver backing. THAT was when inflation went through the roof and is still climbing; and will continue to climb until the economy fails and we are forced to return to an honest money system.
Every time the Fed prints another “dollar”, the “dollar” in my pocket decreases in value and I am robbed of my labor, my property, my life, my liberty.
Do ya understand now?
There is only one cause of inflation (legalized theft.). That is the creation of wealth by printing it. Everything else is just a symptom of the disease.
Amchel Rothchild said,” Give me control of a Nations economy and I care not who make the laws.”
In 1913 our representatives, in direct violation of the Supreme Law of the Land (see Art. I Sec. 8 & 10), gave control of this nation’s economy to a privately owned corporation named the Federal Reserve Bank.
"If the American people ever allow private banks (the Federal Reserve Bank is a privately owned bank) to control the issue of currency (paper money), first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers
(DOES THIS SOUND FAMILIAR TO ANYONE??? Isn’t this what’s happening TODAY???)
On Tue. Aug 16, 1787, in Convention (the following is taken from James Madison’s notes taken DURING the Convention in 1878).
Mr. Gov Morris moved to strike out “and emit bills on the credit (paper money) of the U. States” If the United States had credit such bills would be unnecessary: if they had not, unjust & useless.
Mr. Butler 2nd the motion.
Mr. Madison, will it not be sufficient to prohibit the making them a tender? This will remove the temptation to emit them with unjust views. And promissory notes in that shape may in some emergencies be best.
Mr. Gov. Morris, was for striking out, without inserting any prohibition. If the words stand they may suggest and lead to the measure.
Col. Mason had doubts on the subject. Congress, he thought, would not have the power unless it were expressed. Though he had a mortal hatred to paper money, yet as he could not foresee all emergencies, he was unwilling to tie the hands of the Legislature. He observed that the late war could not have been carried on, had such a prohibition existed.
Mr. Ghorum, The power as far as it will be necessary or safe is involved in that of borrowing.
Mr. Mercer was a friend to paper money, though in the present state & temper of America, he should neither propose not approve of such a measure. He was consequently opposed to a prohibition of it altogether. It will stamp suspicion on the Government to deny it discretion on this point. It was impolitic also to excite the opposition of all those who were friends to paper money. The people of property would be sure to be on the side of the plan, and it was impolitic to purchase their further attachment with the loss of the opposite class of Citizens.
Mr. Elseworth thought this a favorable moment to shut and bar the door against paper money. The mischief’s of the various experiments which had been made were now fresh in the public mind and had excited the disgust of all the respectable part of America. By withholding the power from the new Government more friends of influence would be gained to it than be almost any thing else. Paper money can in no case be necessary. Give the Government credit, and other resources will offer. The power may do harm, never good.
Mr. Randolph, notwithstanding his antipathy to paper money, would not agree to strike out the words, as he could not foresee all the occasions which might arise.
Mr. Wilson. It will have a most salutary influence on the credit of the U. States to remove the possibility of paper money. This expedient can never succeed whilst its mischief’s are remembered, and as long as it can be resorted to, it will be a bar to other resources.
Mr. Butler. Remarked that paper was a legal tender in no Country in Europe. He was urgent for disarming the Government of such a power.
Mr. Mason was still averse to tying the hands of the Legislature altogether. If there was no example in Europe as just remarked, it might be observed on the other side, that there was none in which the Government was restrained on this head.
Mr. Read, thought the words, if not struck out, would be as alarming as the mark of the Beast in Revelations.
Mr. Langdon had rather reject the whole plan than retain the three words “and emit bills”.
On the motion for striking out
9 for striking out “and emit bills”, 2 for not striking out.
Then, on Aug 28th , 1787
Mr. Wilson & Mr. Sherman moved to insert after the words “coin money” the words “nor emit bills of credit, nor make any thing but gold & silver coin a tender in payment of debts” (Art. I Sec. 10 u.S. Constitution) making these prohibitions absolute, instead of making the measure allowable with the consent of the Legislature of the U.S.
Mr. Ghorum thought the purpose would be as well secured by the provision of art: XIII (by the end of the Convention, the Constitution was pared down to only seven articles but, at the time of this debate, there were several more) which makes the consent of the General Legislature necessary, and that in that mode, no opposition would be excited; whereas an absolute prohibition of paper money would rouse the most desperate opposition from its partisans.
Mr. Sherman thought this a favorable crisis for crushing paper money. If the consent of the Legislature could authorize emissions of it, the friends of paper money, would make every exertion to get into the Legislature in order to license it.
The question being divided; on the 1st part _ “ nor emit bills of credit”
8 to deny it, 1 undecided and 2 against..
So, in 1787, at the Constitutional Convention, the founders of this country reached the decision, and wrote into the Supreme Law of our land, that paper money would NEVER become a medium of exchange in this country. (see Art. I Sec. 8 & 10)
To insure that this would never happen they wrote Art. I. Sec. 10, which states specifically that, “Congress (NOT THE FEDERAL RESERVE BANK) shall have the power to COIN (NOT PRINT) money and regulate the value thereof.” and in Art. II. Sec. 8 that, “No State shall make (use) any Thing but gold and silver COIN in the payment of debts.”
And that is what We, the People, agreed to when We, the People ratified the Constitution of the united States.
The Constitution was written and ratified so that OUR representatives could carry out our wishes and we listed them in the Preamble; (1) To form a more perfect Union, (2) To establish Justice (there can be NO JUSTICE as long as we experiment with a fluctuating medium of exchange), (3) To Insure Domestic Tranquility (are ya feelin’ tranquil today???), (4) To Promote the GENERAL Welfare, (5) To Provide for the Common Defense and (6) To secure the blessings of Liberty to ourselves AND OUR POSTERITY.
This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people.
Can ANYONE point to the Amendment to the Constitution that allows a paper medium of exchange???
Note: Most people don’t know that the Constitution was NOT ratified by the State Legislatures. It was ratified directly by The People.
(I can send you copies of the transmittal letters from the Convention to Congress, from the Congress to the State Legislatures and from the State Legislatures to the State Conventions that ratified the Constitution if you want ‘em)
My name is: jan d Paulson, my phone is 928-565-4419 and I weep for my once great country.