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Title: Clean Money
Source:
Tenth Amendment Center
URL Source: http://www.tenthamendmentcenter.com/2010/10/20/clean-money/
Published: Oct 27, 2010
Author: Paul Warren, Colorado Tenth Amendment Ce
Post Date: 2010-10-27 23:56:28 by GreyLmist
Keywords: None
Views: 416
Comments: 19
The United States Constitution declares, in Article I, Section 10, “No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.” State-Level Constitutional Tender laws seek to nullify federal legal tender laws in the state by authorizing payment in gold and silver or a paper note backed 100% by gold or silver. The concept of Honest Money is lost on most US citizens, thanks in part to a complete and utter lack of discussion in public schools and universities, but certainly not lost on the elite financial organizations who vehemently oppose such reform. When Nixon decoupled the dollar from its traditional gold backing and replaced it with fiat debt (private Federal Reserve notes) in 1971 because we could no longer cover our bets with gold, he substituted the last vestige of real value (our dollar) with a promissory note (debt) representing nothing more than the willingness and ability of US citizens to shoulder the artificially created debt burden via taxes. The current private US Federal Reserve, the third central bank in our history, creates money from nothing but the unacceptable privilege to do so, making an arbitrarily agreed upon bookkeeping entry and thus creating an imaginary value which it then extends to their private member banks to trickle down to Main Street, or tells the Treasury they have a like amount of credit to either print money or issue Treasury bills with nothing to back it but an elaborate accounting and taxing scheme which can be viewed as a tenuous financial house of cards. The first version of the Fed was Hamilton’s first US National or Central Bank as described in this timeline: December 12, 1791 January 21, 1793 February 20, 1811 March 4, 1811, What is astounding about our current situation is the continued willingness of Congress to take one of the highest powers granted them in the Constitution and surrenders it to the private Federal Reserve. This being the same body which consistently erodes our basic rights and freedoms with powers they do not have, passing unlawful legislation such as the Patriot Act and nebulous health care reform, yet it hands away a rightful power they do have to a highly secretive and self-serving third party. One would almost believe there was a parallel government in DC. In fact, Wright Patman, Chairman of the United States House Committee on Banking and Currency, had this exact sentiment in when he stated in 1964, “In the US today, we have in effect two governments. We have the duly constituted government, then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve, operating the money powers which are reserved to congress by the Constitution.” He went on to say, “”The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury … and has created out of nothing a … debt which the American people are obliged to pay with interest.” US monetary policy, the resultant money supply and interest rates are the life’s blood of our economy. From providing for the national defense to underwriting Main Street, nothing happens in our market without this critical resource. We depend on a stable and legitimate money supply for our basic pursuits of life and liberty and to divorce ‘We the People’ from our basic right of influence and understanding of this critical element of our lives is simply unthinkable. But it is our economic reality; all by the design of an unaudited cabal of bankers who answer to no one. There is no elected US official who has the power of the Chairman of the Fed. He dictates our monetary policy and answers to no one. It is interesting to watch the omnipotent Fed Chairman, when asked by Congress to delve into details of our current monetary state. His typical condescending reply is that the inner machinations of his private financial gambling house are simply too complex for the average citizen to understand, that it is beyond our modest comprehension, and to ‘just trust us’, they have our best interests at heart and are doing a fine job. So let’s take a quick look at exactly how this financial behemoth evolved and what our trust and ignorance of it has wrought since we lost our financial sovereignty to it in 1913. Within 20 years of its inception, the US Federal Reserve had managed to finance a world war which very well never would have happened without it, incurred a record $24b war debt which caused major US inflation and halving the net worth of the nation, then facilitating a bubble economy followed immediately by a devastating manufactured depression which literally redrew the face of the nation, allowed insider elites to plunder assets, and finally to underwrite an emerging Germany which set the stage for yet another world war. All by an organization that was simply to insure reliable and secure money supply. So rather than serving we people, instead the Federal Reserve has not only been a failure in monetary policy and controlling inflation, it has literally been an instrument of tyranny on the populace and a parasitic drain on national finance. The 10th Amendment and honest money can bring this 97 year Federal Reserve crime wave to an end, by first creating, at the state level, a competing currency to inhibit the Federal Reserve from continuing to debase the currency. Contact your State Representative and ask them to support a Constitutional Tender Law, model legislation is provided here for you. Paul Warren [send him email] is the Communications Director for the Colorado Tenth Amendment Center.
Poster Comment: "Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves."1 1Money and Wealth in the New Millennium, by Norm Franz, copyright © 2001, Whitestonepress, page 154. Some random notes next on the Constitution, money, competing currencies, and so on.
February 25, 1791
President Washington asks his cabinet members for opinions on the National Bank. Thomas Jefferson submitted that such a Bank was unconstitutional and would also violate the yet to be ratified 10th Amendment. Alexander Hamilton submitted that Congress’s power to collect taxes was also power to create a national bank. Not convinced by either side, Washington sided with Hamilton as it was Hamilton’s job as Secretary of the Treasury to know what he was doing.
The Bank of the United States opens its doors in Philadelphia.
Hamilton and the National Bank are accused of corruption and mismanagement. Opponents to the National Bank call for the demise of the unconstitutional Bank. Congress fails to act.
Congress refuses to let the National Bank renew its Charter on the grounds that the Bank is unconstitutional.
The Bank of the United States is dissolved.
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Begin Trace Mode for Comment # 17.
#1. To: All (#0)
First, a bit of humor...or something: The below is supposedly an actual letter sent by a customer to a bank in the United States. The bank manager apparently thought it was amusing enough to have it published in the New York Times. The intriguing aspect, however, is whether or not there is a message here of more than passing value, and if perhaps it should be taken a bit more seriously. ********* Dear Sir: I am writing to thank you for bouncing my check with which I endeavored to pay my plumber last month. By my calculations, three nanoseconds must have elapsed between his presenting the check and the arrival in my account of the funds needed to honor it. I refer, of course, to the automatic monthly deposit of my entire salary, an arrangement which, I admit, has only been in place for eight years. You are to be commended for seizing that brief window of opportunity, and also for debiting my account $50 by way of penalty for the inconvenience I caused to your bank. My thankfulness springs from the manner in which this incident has caused me to rethink my errant financial ways. You have set me on the path of fiscal righteousness. No more will our relationship be blighted by these unpleasant incidents, for I am restructuring my affairs in 2002, taking as my model the procedures, attitudes and conduct of your very bank. I can think of no greater compliment, and I know you will be excited and proud to hear it. To this end, please be advised of the following changes: I have noticed that whereas I personally attend to your telephone calls and letters, when I try to contact you, I am confronted by the impersonal, ever- changing, prerecorded, faceless entity which your bank has become. From now on, I, like you, choose only to deal with a flesh-and-blood person. My mortgage and loan repayments will, therefore and hereafter, no longer be automatic, but will arrive at your bank, by check, addressed personally and confidentially to an employee at your branch whom you must nominate. You will be aware that it is an offense under the Postal Act for any other person to open such an envelope. Please find attached an Application Contact Status, which I require your chosen employee to complete. I am sorry it runs eight pages, but in order that I know as much about him or her as your bank knows about me, there is no alternative. Please note that all copies of his or her medical history must be countersigned by a Notary Public, and the mandatory details of his/her financial situation (income, debts, assets and liabilities) must be accompanied by documented proof. In due course, I will issue your employee with a PIN number which he/she must quote in dealings with me. I regret that it cannot be shorter than 28 digits but, again, I have modeled it on the number of button presses required to access my account balance on your phone bank service. As they say, imitation is the sincerest form of flattery. Let me level the playing field even further by introducing you to my new telephone system, which you will notice, is very much like yours. My Authorized Contact at your bank, the only person with whom I will have any dealings, may call me at any time and will be answered by an automated voice service: Press buttons as follows: 1. To make an appointment to see me. 2. To query a missing payment. 3. To transfer the call to my living room in case I am there. 4. To transfer the call to my bedroom in case I am sleeping. 5. To transfer the call to my toilet in case I am attending to nature. 6. To transfer the call to my mobile phone if I am not at home. 7. To leave a message on my computer, a password to access my computer is required. Password will be communicated at a later date to the Authorized Contact. 8. To return to the main menu and to listen to options 1 through 7. 9. To make a general complaint or inquiry. The contact will then be put on hold, pending the attention of my automated answering service. While this may, on occasion, involve a lengthy wait, uplifting music will play for the duration of the call. This month, I've chosen a refrain from The Best of Woody Guthrie: "Oh, the banks are made of marble, with a guard at every door, and the vaults are filled with silver, that the miners sweated for." On a more serious note, we come to the matter of cost. As your bank has often pointed out, the ongoing drive for greater efficiency comes at a cost which you have always been quick to pass on to me. Let me repay your kindness by passing some costs back. * First, there is a matter of advertising material you send me. This I will read for a fee of $20 per page. * Inquiries from the Authorized Contact will be billed at $5 per minute of my time spent in response. * Any debits to my account, as, for example, in the matter of the penalty for the dishonored check, will be passed back to you. * My new phone service runs at 75 cents a minute. You will be well advised to keep your inquiries brief and to the point. * Regrettably, but again following your example, I must also levy an establishment fee to cover the setting up of this new arrangement. May I wish you a happy, if ever-so-slightly less prosperous, New Year? Your Humble Client, (Name Withheld)
Nice touch, heh heh.
I agree and especially liked the plan to bill the bank. :) And this is to remind the banks that Congress is not authorized to use anything as collateral to borrow money: [The Congress shall have Power ... ] To borrow money on the credit of the United States; If banks don't think the US is trustworthy enough to be extended a line of credit for a reasonable transaction fee without asking for collateral as "insurance", no deal. Go peddle your money business elsewhere.
What is overlooked is the bank has his money, therefore he is vunerable. He does not have the bank's money, therefore the bank is NOT vunerable.
They don't have his money if they don't agree to his terms. Imagine if they lost most of their customers by refusing to comply with such terms. I'm thinking they'd be Vulnerable then with a capital "V".
IF!!! It is alway "If." The fact is people are going to use banks. If you don't like the policy of your bank, you are free to find another bank with identical policies.
#19. To: DWornock (#17)
Imagine if everybody in the world decided to be their own bank...formed billions and billions of credit unions too. Wouldn't that be grand? Sounds wonderful to me. Here's a token of my gratitude for stopping by again to chat. Have a nice day, DW. :)
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#2. To: GreyLmist (#1)
In due course, I will issue your employee with a PIN number which he/she must quote in dealings with me. I regret that it cannot be shorter than 28 digits but, again, I have modeled it on the number of button presses required to access my account balance on your phone bank service.
#5. To: Prefrontal Vortex (#2)
Nice touch, heh heh.
http://www.usconstituti on.net/const.html#Article1
#8. To: GreyLmist (#5)
I agree and especially liked the plan to bill the bank. :)
#10. To: DWornock (#8)
What is overlooked is the bank has his money, therefore he is vunerable.
#17. To: GreyLmist (#10)
Imagine if they lost most of their customers by refusing to comply with such terms.
Replies to Comment # 17. IF!!! It is alway "If." The fact is people are going to use banks. If you don't like the policy of your bank, you are free to find another bank with identical policies.
End Trace Mode for Comment # 17.