Just sent a Letter to my State House RepresentativeSubmitted by twilson1utk on Thu, 10/13/2011 - 10:24
Below is an email I sent my State Congressman. I have given up on changing the Federal Government. It is too corupt. It is up to use to challenge our state rep's to take back the power....
Hello Congressman Golick,
My wife and 2 kids are residents of Smyrna GA, and you are my State representative.
It is of my opinion that the we have an unconstitutional monetary system. The Federal Reserve has cart blanche power to inflate or deflate the currency at anytime. As a result, the Fed has been the financier of the Federal Governments bloated deficit spending and unconstitutional wars. To finance the Federal debt, the Fed buys bonds and inflates the Money supply, which results in higher prices of commodities needed to live. Thus an invisible “inflation tax” is levied on the people. Our wages our stagnant, while our savings earn no interest and our prices for food and energy move up. This will continue to wipe out the poor and middle class.
One of the great tools that our Founders included in the Constitution was a system of Federalism. This enables States to replicate or avoid the mistakes of other States. Utah recently passed a law that legalized Gold and Silver as legal tender.
Utah makes Gold and Silver Legal Tender - http://www.huffingtonpost.com/2011/05/22/utah-gold-standard-... http://utahsoundmoney.org/home/index/146/0
Our US Constitution allows states to legalize gold and silver as legal tender…
Article I, Section 8, Clause 5: The Congress shall have Power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.
Article I, Section 10, Clause 1: No State shall…coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt.
So, from this we have:
1. The federal government can coin money.
2. States cannot coin money.
3. States have the authority of determining what can be used as a tender in payment of debts by default, because the federal government does not have that specific constitutional authorization.
4. States are then prohibited by the Constitution from making any Thing but gold or silver coin a tender in payment of debts. (Which also additionally proves that #3 is correct.)
By allowing the people to save and pay debts with Constitutional Money (gold & silver), it will break up the monopoly of the Federal Reserve that is wreaking havoc on our economy. Competition is what the magic that provides advances in all products and services. A monopoly of the monetary system by the Federal Reserve, a private bank that is not Federal and has no Reserves other than a printing press does not allow competition.
If you are not educated in this arena, I press you to contact me with any questions.