Constitutional Money System vs. Gold StandardSubmitted by TexanInSweden on Sat, 01/02/2010 - 15:16
UPDATE: This article was written before I had known about Ron Paul's Open Competition of Currencies. I am in full agreement with this Act which will allow the market to decide. I think Greenbacks, Gold and Silver should all compete on the open market. The main point is to break the Money Power monopoly.
Let us kill this thread and start talking about what we agree on and how we can achieve an Open Competition of Currencies. I opened a new post, Can We All Agree on Open Competition of Currencies for constructive debate.
I used to be convinced that a Gold Standard was necessary until I learned that the Rothschild's control GOLD, from the mines to the mints. They can ruin a government on the Gold Standard simply by physically moving GOLD from one country to another. They did this in 1857 and caused the Panic of 1857 which subsequently led to the Civil War. This also makes me wonder why Ron Paul can support the Gold Standard. He is smart enough to know the Rothschild's control Gold and we would be left at their mercy once again. I would like to know his and everyone on DP opinion on a Gold Standard vs a Constitutional Money System.
In 1862 Lincoln tried to reclaim our nation at the end of the Civil War by printing Constitutional Money to pay the war debt. This money was interest and debt free. It ended up saving the US government an estimated 400 billion dollars. The International Bankers wanted to charge 24% interest. Lincoln saw and understood that this Monopoly on Money was a far greater threat to our sovereignty than the war was.
“I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at the rear is my greatest foe.” Lincoln
Money Power’s fear was that the United States would establish an honest money system and be forever free from the clutches of the International Bankers. The following is taken from the London Times in 1865:
“If that mischievous financial policy, which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
Note: Monarchy should be replaced by Money Power as this was a direst appeal for action from monarchs who were in fact debtors to the International bankers.
From what I understand we need to revert to a Constitutional Money System that can be expanded and contracted by open scientific calculations and not controlled by a secret elite for their own gain. Also it should not be limited and constrained by a resource that is also controlled by the same secret elite.
If anyone is interested in sources or more detailed information about a Constitutional Money System I suggest you read Money Creators by Gertrude Coogan.
1. Is it Unconstitutional for the Federal Government to coin Money that is not gold or silver?
Section. 8. The Congress shall have Power...
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
The Constitution does not state that the MONEY must be of Gold or Silver it simply says that congress has the authority to coin Money. Unless Money is defined as Gold and Silver.
2.How is this different then what we have today?
The control of US money today is in the hands of a secret elite who charge interest. Constitutional money is interest free and controlled by an elected body, Congress, and therefor is in the public domain.
This is my first post and a topic I have been thinking about and researching for a long time. I am very interested in an intelligent discourse on this subject, especially due to today's circumstances. I believe the entire Civil War could have been averted had Lincoln and the American people come to the realization that the enemy was Money Power and the answer was Constitutional Money before 1857. There are a lot of lessons to learn from this era that we can apply to today. And the American people should discuss this before we get to the point where brother raises arms against his brother once again.