Weekend Watching - Fiat Empire

This is as much an educational campaign as a presidential campaign. Monetary inflation is one of the primary reasons Dr. Paul first ran for Congress in the 1970's. In this video - which includes interviews with Ron Paul -- learn why the Federal Reserve Violates the U.S. Constitution.

If you don't have a fast connection, or can't watch this all in one sitting, you can download it from Google video to watch at your leisure. After you've watched and digested the message, be sure to spread your knowledge!




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Edwin Vieira fans

http://www.financialsense.com/Market/daily/monday.htm

On that soothing note, last week we also learned that GATA has retained Constitutional scholar, writer, and lawyer Edwin Vieira,

“using the federal Freedom of Information Act, and retaining a Washington-area law firm, Vieira will seek to compel the U.S. government to disclose records showing how much gold is in the government's custody; who owns it; whether it has been leased or otherwise made available to foreign governments or gold market participants; and whether the policies and practices behind the use of U.S. gold reserves have been meant to influence the price of gold.”

Let’s hope Mr. Vieira has better luck getting a ‘straight line of goods’ out of the U.S. government regarding gold than the Chinese do in finding a buyer for all their U.S. debt, eh?

Go GATA!

Stormrunner, when we got the two volume Pieces of Eight I took one look at it...weightwise..thought YIKES...and put it in the bookshelf. Thanks to this site and Ron Paul it is now one of my favorite reference books. He's incredible.

I'd recommend it to anyone.  Now, not saying I understand it all, but I'm working on it. 

fonta

Fiat Interpretation of the Constitution

This video makes a colossal mistake at the outset by erroneously stating that the Constitution says that money is to be made of gold or silver. This is not the case. It doesn't say that ANYWHERE.

Uh oh, I have to correct myself

It would not have been necessary for the Founders to have stipulated gold and silver money in Section 8 if their use of the word "coin" solely meant the stamping of metal coins. Somewhat supportive of an argument that the Founders did not intend for Congress to issue paper money is the fact that the first U.S. paper money was issued approx. one hundred years later in 1860 when the U.S. did not have the money to finance war against the C.S.A.

In any event, the Constitution gives Congress the power to coin money and does not indicate that they can cede that power.

Glad You Asked the Question

I went to this site and scrolled down to the second question,

http://www.afr.org/Hultberg/022805.html

I really like Edwin!

fonta

Constitutionality

This seems very open to interpretation and I believe the claim made in the Money Masters for all intents and purposes to be correct that the constitution is largely silent on Federally issued currency.

I'm obviously no constitutional scholar but those references are vague they could even be interpreted to mean T-Bills. Section 10 Clause 1 seems to be at the state level.

I think a good case can be made for a fair government regulated currency, international private for profit by cartel is certainly out of the question.

Edwin Vieira,

"In Article I, Section 8, Clause 2 and Article I, Section 10, Clause 1, the Constitution prohibits explicitly or implicitly the emission of any form of what was called in those days 'bills of credit'. Today we would call that paper money.

The Constitution

http://www.house.gov/house/Constitution/Constitution.html

Section. 8.
Clause 1: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

Clause 2: To borrow Money on the credit of the United States;

Section. 10.
Clause 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

Again No Scholar

but what appears to be needed here is monetary reform ammended to the constitution so as that this most important aspect of government is not left open to interpretation.
I would desparately like to hear Dr Paul's cavaets as it relates to debt free money and his ideas for ammending the constitution with regards to this subject as it is most certainly an itegral part of his platform.

Respectfully,

Mark St Laurent

Money Masters

Yes you are correct, but the Constitution does contain a provision for the coining of currency. It just conveiniently left out any mention of paper money one way or the other. This was the loop hole, so to speak that the Private Central Bankers used to justify their incorporation. The Money Masters video clearly explains this, and is the reason why I strongly recommend viewing both. As a matter of fact, Lincoln's greenbacks which were created to support the cival war effort, and which were issued debt free still in circulation till the late 90's are the recommendation of the authors. Yes, I get the misallocation of fund's problem evident in any Government regulated institution but this occurs under the current system plus we get to pay interest on the inflated money supply to these international central banks, essentially a double whammy. I believe Dr Paul's dual money system proposal could work in the transition period but as this video warns the majority of the gold is already in the hands of a very few men. They point out that the gold market is very easily manipulated to the detriment of the masses. Refer to recommendations regarding the success of colonial script and Lincoln's greenbacks. It took foreign central banks actively counterfeiting to destroy the Debt Free money so as to get a gold standard installed so they could collect all the gold then force depression to convince the populas as to the need for their Debt-Based currency. This is a complicated issue and is the reason that more than one source needs to be consulted.

I would seriously like to hear Dr Pauls positions on the Debt Free Money system (Lincoln's Greenbacks) recommended, leaving the conspiracy stuff aside. Again I believe his dual money system could work in the interum because it would force the banks and the government to accept paper while the masses accumulate enough gold to protect themselves. It just seems archaic that we would need to remonitize gold and silver to get a grip on this problem. The premise of the Money Masters is that we have allowed private for profit central banks to issue our currency. If we issued our own there would be no servicing of a national debt, just inflation which is bad enough but could be controlled if transparency were properly installed. Under the current system behind the veil of "conflict of interest" there is little or no oversight (incomplete minutes of meetings posted months after happening, no M3 etc). Under the current system if there is no debt there is no money, see Money as Debt.

I would greatly appreciate any response to the theories I have posed here, have tried on many financial blogs no one wishes to discuss, maybe because of the hypothetical-ness of it all

Money Masters

Another great tool useful in soliciting support for Dr. Paul's campaign is the Google Video "The Money Masters" it is endorsed by the likes of Milton Friedman," Nobel Laureate in Economics
Arun Gandhi, M.K. Gandhi Institute for Nonviolence
G. Edward Griffin," author of THE CREATURE FROM JEKYLL ISLAND; A Second Look at the Federal Reserve

http://video.google.com/videoplay?docid=-1583154561904832383...

This video when viewed in conjunction with Fiat Empire and Debt as Money
fully educates the viewer on World History from the most influential aspect "follow the money". Never before have educational items such as these been freely available to the general public to enlighten us on the incredible dangers of the private banking cartel which is the FED and its use of Fractional Reserve Banking to create money from thin air, making it easy to understand the willingness of its proponents to do just about anything to ensure its survival.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. -Thomas Jefferson

The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham Lincoln

While researching information frequently mentioned in the financial press about fiat money in order to protect the meager sums in my 401k I stumbled into this and then into the good Dr. Nothing illustrates the urgency with which we must act more than these publications. If you doubt this ask yourself one question.

If knowing everything you know today, your career, financial, and life experience knowledge. Could you start over, even in the same job, and reacquire the standard of living you have now. If not how can we expect our children to do so and what are we going to do about it?

Ron Paul for President '08

Educational - Fiat Empire

Thanks Michael. Excellent choice!
If like me you have watched some of these educational, huge message videos in the past, consider watching them again.. They take on new meaning.
As I learn more, it becomes like peeling back onion-like layers of mass media brainwashing, outright lies and incorrect assumptions. Your brain becomes re-formatted for critical thinking. It is not just about agreeing with Ron Paul, it is about knowing why he is right.
Politics today is nothing short of advertising tricks that have been proven to work. At least the pharma-ads are required to have their fine print, or sound bytes soothingly admitting that this pill or that may be hazardous to your health. Politics in the information age allow us all to find the fine print behind politician's sound-bytes.
Only Ron Paul is transparent. He has nothing to hide. Dig in for the facts...critical thinking does not have to be The Road Less Traveled.

fonta

Weekend watching genius

I love your weekend watching idea. it is tough to find a couple of hours to watch a great doco to educate yourself. but with your weekend watching regime, its as easy as click, watch, learn!!!

Keep em' coming!

Thanks

Mijo