"The Money Masters" monetary reform .vs. Ron PaulSubmitted by LibertyBaby on Mon, 03/17/2008 - 17:44
Many of you here, have probably seen the movie: "The Money Masters", which not only presents a comprehensive history of Central Banking and its corruption throughout civilization, but also proposes specific monetary reform to get the United States out of its massive debt, and out of a dishonest, debt-producing system.
and refer also their proposed: "Monetary Reform Act".
The solution and proposed monetary reform is quite different than the solution offered by Ron Paul. The Money Masters specifically reject the idea that gold-based currency will resolve our problem. While it may stablize the value of the dollar, this by itself would also constrict the supply of money that would need to be generated to ever pay down the massive U.S. debt and prevent the continued theft and piracy of the American citizens by invisible interest obligations.
Instead The Money Masters propose having the government (and not the Federal Reserve) printing large amounts of debt-free paper currency, as Abraham Lincoln also did to finance the Civil War, while simultaneously abolishing fractional reserve lending practises -- to keep inflation in check. The result of this would be a fairly painless way of totally dissolving the massive U.S. multi-Trillion dollar debt, and also establishing going forward a future monetary standard based around debt-free money, not under the control of the Federal Reserve, and no inverted pyramid fractional reserve lending practises. Without all the massive debt (profit to the private bank cartel), our Nation and our government could conduct its affairs and its economy efficiently without all the heavy burdens and costs taken daily right off the backs of American Taxpayers
What Ron Paul speaks about, however, is primarily keeping the value of the dollar stable by basing it on gold and/or silver. While this would keep the dollar strong, that by itself does not address the American debt situation and the redirection of American citizens wages going to pay perpetual interest and line the pockets of private profiteers. While Ron Paul also advocates cutting government spending, he also advocates elimination or reductions in taxes. It is hard then to imagine that you could both eliminate or drastically cut the income tax and also pay down the Trillions of dollars of public debt, while having the volume of money (money supply) also contrained by gold/silver.
So, I wanted to see here if Ron Paul had ever commented specifically on The Money Masters "Monetary Reform Act" proposal and whether he liked it or didn't like it.
It seems to me that the American citizen will always be condemned to being a rat running around on a futile treadmil -- until the massive debt is gone and we also get away from debt-producing generation of money.
As long as all economic activity is a function of public debt, there is no way we can escape slavery.
So why is The Money Masters wrong (if they are wrong), and why hasn't Ron Paul throw his support behind their efforts and their remedy?