Collapse of the Dollar by Larry Parks, Ph.D.
I wanted to let everyone know about an excellent new video presentation by Ron Paul's friend and colleague Larry Parks. It is entitled Collapse of the Dollar, and it can be viewed at:
The subtitle of the presentation is Monetary Malfeasance, Resurrection of Gold: Reasserting the Monetary Powers and Disabilities of the U.S. Constitution.
Please spread this link far and wide, and comment on this thread if you find it interesting so that it will get bumped and others will see it.
I may be working with Dr. Parks on an abbreviated version in the near future to be distributed to state legislators, which may also include material by Dr. Edwin Vieira. I will keep you all posted if that happens.
Who is Larry Parks?
Dr. Parks is the Executive Director of the Foundation for the Advancement of Monetary Education (FAME), whose Board of Advisors includes Dr. Paul and many other heavy-hitters who advocate honest money. His writings have appeared in Pensions & Investments, The Economist, The Washington Times, The Freeman, The Free Market, American Outlook, The United States Congressional Record, National Review, and others.
In 2001 Dr. Parks wrote the book What Does Mr. Greenspan Really Think? which is available for free in PDF form here. Here are a few of the things that have been written about it:
"My old friend Larry Parks has done the nation a valuable service by exposing how even Alan Greenspan, the ‘man behind the curtain’ in America’s monetary OZ, knows that the Federal Reserve is an unaccountable bureaucracy that enriches special interests at the expense of working Americans and our nation’s economic security. I highly recommend this work to anyone who wishes to understand the dangers of our fiat money system and the reforms necessary to ensure the dollar is once again ‘as good as gold."
- RON PAUL"It’s great to see Greenspan deconstructed, as only Larry Parks could do.”
- LEW ROCKWELL“Lawrence Parks has written an insightful book about the most powerful man in the world. If you have any money — you need to read this book."
- BILL O'REILLY (???)"In What Does Mr. Greenspan Really Think? Dr. Lawrence Parks brilliantly translates and deconstructs the latest Greenspanese—demonstrating that the Federal Reserve System’s true purpose is to employ fiat currency and bank credit to redistribute real wealth from average citizens to an economic and political elite."
- DR. EDWIN VIEIRA, who appears alongside Ron Paul in Fiat Empire and America Freedom To Fascism.




















Very wothwhile series; watch all 5 parts
if you can.
I watched 4 and 5.
He ends with a new twist on the appeal for a single world currency: gold. I wish the charts had been more legible and that more of them had indicated whether the numbers were inflation-adjusted. Also he skipped over some of the points he was trying to make such as how jobs loss overseas is somehow the fault of the banking system.
(Ordinarily I wouldn't have spent the time watching but I've been sick in bed the past three days and am taking mega-doses of DP ;-)
New Hampshire and Ecuador
Excellent
Only watched the first part, but it is very good. Highly recommend.
I think
if people don't want to watch it all they should watch video 4 or 5 Wow.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
thanks quilty, I didn't want
thanks quilty, I didn't want to spend the whole time watching I'll skip to those parts
I tend to agree
at least for Daily Paul readers, some of whom already have a basic idea of the history he covers and why fiat money is "dishonest" and "fraudulent", even if they don't know all of the specific details he points to. I would be sure to watch Part III as well though - Parts III through V are when he really applies the information in the first couple parts to the present day with up-to-date hard data. Still, the entire series is well worth watching if time permits for the more obscure facts and quotes he presents, as well as his unique insight and perspective.
Thanks for this I watched most of it yesterday
Was very informative with some depth...
/Mike
/Mike
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big bump
...
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bigger bump
....
bump
.
Thank you!
What a great post...Can't wait to watch the whole thing. Excellent!
You're very welcome
Enjoy
More on the presentation
Relying on authoritative data and the historical record, the videos on ConstutionalMoney.org explain why:
* Our monetary system is dishonest at every level, from the lack of definition of our money to the behavior of the banking system. Dishonesty cannot be cured by regulation.
* Legal tender, which is defacto coercion, is not in conformity with free markets, nor is it authorized by our Constitution.
* Jefferson, Washington, Hamilton, and Madison, whose likenesses appear on our money, condemned paper money. Madison, the principal author of the Constitution, said it was “unjust” and “unconstitutional.”
* Our monetary system is unstable and will blow up, because there is no longer any market based self-correcting mechanism for increasing financial leverage, increasing debt, or increasing the money supply. Historically, whenever the authorities have had the ability to issue legal tender irredeemable paper-ticket money, they were never able to resist the temptation to over issue. Savings, annuities, and pensions are at unacceptable risk.
* Legal tender irredeemable paper-ticket-electronic money results in interest rate volatility as well as foreign exchange rate volatility, neither of which is acceptable to the producers of goods and services at home or abroad.
* The remedy to the current financial debacle is to reassert the monetary powers and disabilities of the Constitution.
excellent post! Got hard
excellent post! Got hard assets?
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
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