“Article I, section 8 of the United States Constitution grants Congress the power to coin money and regulate its value, thus the Constitution gives Congress control over the U.S. monetary system.
With the passage of the Federal Reserve Act of 1913, Congress unconstitutionally transferred control of the U.S. monetary system to a consortium of twelve private banks collectively known as the Federal Reserve System or “The Fed”. This system allows The Fed to print money or create it on a computer screen and exchange it for government debt instruments. This means that a group of private banks are authorized to create money out of nothing, and lend it to the government with interest that has to be repaid by the American people through the income tax. The Fed then controls the supply of money, expanding or contracting the supply at will, thus creating constant boom-bust cycles of inflation followed by contraction. The swings in the economic cycle can be gentle or violent depending on whether The Fed is competent or whether it has some other agenda.
In order to affect any real economic reform we must restore the money of the Constitution. When we do, all other necessary reforms will be possible. The money of the Constitution, or a sound money system, means money based on something or tied to the value of something. The Constitution contemplates that the “something” that money should be based on is gold and silver. If our money supply were tied to a standard of gold and silver, then our government would have to spend within its means or borrow only “real money”. Those loans would be redeemable in gold or silver. This would prevent devaluation of the currency, i.e. inflation, because the government’s ability to create new money at its discretion would be limited.
The Fed’s control of the money supply of the American people should be ended immediately and control returned to Congress as the Constitution requires. Congress could then act in place of The Fed on it’s way to returning us to a system of sound money.”
Chuck Baldwin
IN light of the current financial crisis do you agree?
Discussion in 'Political Debate & Discussion' started by Revmitchell, Sep 26, 2008.
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Revmitchell Well-Known MemberSite Supporter
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Revmitchell--
Could you clarify for me what exactly you are asking us to vote to agree or disagree with in this poll?
Are you asking us to agree/disagree with the actions that the Federal Reserve has recently taken?
Are you asking us whether or not Congress acted unconstitutionally when it ceded its authority to coin/print money when it passed the Federal Reserve Act?
Or are you asking us simply whether or not we agree with the statement by Chuck Baldwin in your OP?
If you would kindly elaborate on what precisely you are asking us to agree/disagree about in your poll, that might help me decide which option to choose.
Thanks, brother. -
Revmitchell Well-Known MemberSite Supporter
Just read the op as is.
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Revmitchell,
I am not sure what your point of question on polls of finanical crisis. I think you need to define the question more clarify what thing we can agree, or not agree with them. Can you please edit the polls, so we can understand your questions better. Thanks.
In Christ
Rev. 22:20 -Amen! -
Revmitchell Well-Known MemberSite Supporter
I believe the op stands well on its own. But in light of the recent crisis I believe it has become more important than ever.
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I now understand that you are asking us to to either agree or disagree with the statement made by Chuck Baldwin. -
This is a trick question isn't it Rev?
If we agree then we're quilty of being a traitor to the Bush/Goldman Sachs team and/or the Obama/Chase Manhatten team and will forever have to live with the guilt that "we" are the ones responsible for the sudden failure of our banking system and therefore the horrible suffering "we" brought down on our fellow American and global citizens.
If we disagree then we're idiots because not only have we've let the "money trust" enslave us with debt and take control of our government we are actively helping them to enslave our children and grandchildren with debt. -
The US govt holds about one ounce per capita, 4 oz per family. The median pay is around $50,000/family. If every person was paid in gold once a month then what would be the minimum price of gold?
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Do you realize how much gold it would take to back just the currency in circulation? What do you think would happen to the price of gold if we suddenly had to go into the market and buy the gold necessary to back the currency in circulation? This is impossible.
poncho, with respect to Chase Manhattan, that bank has not existed for years. Chemical Bank took over Chase, and kept their name. They were then purchased by JP Morgan. JP Morgan Chase is actually a combination of several money center banks.
Goldman Sachs just received $5 Billion from Warren Buffet, who is supposedly advising the Obama campaign.
Regards,
BiR -
And both of these "candidates" pretending to be on opposite sides of the political spectrum are apparently indebted to these central bankers and would fight to keep them afloat at our expense. This isn't about left vs right...this about the state wanting to keep the creature from Jekyll Island alive and eating out our substance. -
paragraph:
1. agree
2. agree
3. disagree
4. disagree -
Regards,
BiR -
Bro. Curtis <img src =/curtis.gif>Site Supporter
So can we say the experiment failed, yet ? Or give it another 100 years ?
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If the government wanted to, they could repuderate the debt. Then start over fresh.
I've never heard any politician make that starement though. -
Gut feeling is that the government could confiscate private gold as it did several years ago.
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Actually we're in pretty good shape if things get really bad. We got a nice big militarized police force and Blackwater "contractor" mercenaries to protect us from civil unrest.
Signed,
The government and bankers.
Govcorp Inc. Taking care of your wealth since 1913. -
Hope all is well,
BiR