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To: hedgetrimmer
One correction please.

Our currency will be replaced with the “Amero.” And, we’ll be one giant step closer to the U.N.’s perverse dream of a one-world government.

"...will be replaced..." ( ? ) Change that to, has already been replaced. Our currency has long since been replaced. And THAT my dear friends is what has enabled world socialist government to reach this point.

Here is how it was done. THIS WAS OUR CURRENCY. It is exactly what the U.S. Constitution mandates we use as money. Does anyone bother to respect the Constitution anymore? It is not debt. It is wealth. It was born of nature and worked into what it is. It is an asset which is not simultaneously someone else's liability. It bears no interest except when its owner consents to lend it to a borrower for a rate.

And this WAS our currency.

Paper money was in use and that was fine as long at the paper promised to pay gold or silver coin on demand.

It is not easy to see but it reads, "this certifies that there has been deposited in the treasury of the united states of america payable to the bearer on demand one silver dollar." This WAS our money. And so WAS the following.

Again, it is not easy to see but it reads, "this certifies that there has been deposited in the treasury of the united states of america payable to the bearer on demand twenty dollars in gold coin." This WAS our money. The SUBSTANCE of our money was gold bullion and the LAWS of money in the United States made it LAWFUL MONEY.

Where are such items today? Coin shops and personal collections. Why? Some will say what we have today is better. Is it? What do they know?

What we had then (gold, silver coin) was replaced with what is in your pocket and your bank account. What is in your pocket or your bank account is debt. It is not wealth, it is a debt. It was born of legislation and automatically arrives with interest due. It is a fiduciary asset which is absolutely simultaneously someone else's liability. It bears interest for the benefit of the issuer, the central bank, the instant it goes into circulation and bears interest again when a citizen lends it to another citizen at an agreed upon rate. You may not be directly paying interest on it, but you are through your taxes, and you will continue to do so to the one world government. The use of the silver and gold currencies above, was free to the citizens of the United States and it is what our founders wanted us to use as money.

What we have today people is exactly what the Amero would be except it would have different printing on the paper and it would be intended to circulate among three nations whereas the paper of the Federal Reserve System is more or less meant for the United States. The printing, "The United States of America," at worst makes Mexicans and Canadians feel that they are using someone else's currency. Yet, changing the name to the "Amero" would only allow our neighbors to believe the currency is theirs too. Nothing will have changed in the nature of the money. It will still signify a debt to the central bank. So, in effect, we shouldn't be so worried about our money being replaced, because (1) it already has been, and (2) it is not really being replaced a second time, but is only undergoing a cosmetic alteration to make it acceptable to this so-called "Union."

The move from the above shown money, to the federal reserve note was unimaginably VAST in terms of its legal and sovereignty implications and should have been stopped before it started. It WAS the giant step closer to socialism's perverse dream of a one-world government even before the U.N. existed. But regarding the move from the Federal Reserve Note to the Amero, there's no substantive difference!

You patriots are all too late. The train left the station almost a century ago. And to be fussing over the Amero with no desire to go back to gold and silver coin of the U.S. Constitution is just silly. It is as insignificant as changing the designs that appear on our copper quarters.

22 posted on 06/18/2006 9:05:08 AM PDT by Jason_b
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To: Jason_b

I wonder if there is enough gold in the world to back the vastly increased wealth that has been created since the Constitution was written? I'm not an expert on economics, but I thought the move away from the gold standard was done to decrease volatility in currency markets. You've inspired me to do some research on this topic, as it does come up here on FR from time to time. Thanks for your post, and the pictures of the old currency are pretty cool.


29 posted on 06/18/2006 9:36:02 AM PDT by Panzerfaust
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To: Jason_b

You cannot have a modern economy subject to the supply and demand of one or two commodities, gold and silver. New mining strikes and runs on the treasury created many many extreme booms and panics irrespective of anything else going on in the economy at a time when accounting methods, regulation and communication required a hard asset as a medium of exchange. And over time such things are inevitably dissipated. Modern banking, accounting and communication have made the need for keeping accounts in hard assets unnecessary and cumbersome by comparison.

Why should a country's people's fortunes be entirely dependent on how much of two essentially useless metals (in pre-modern days) were in the ground? Today, those metals find industrial applications that further dissipate them and make them more valuable to hi-tech uses than as something to wear smooth jangling in your pocket and being passed hand to hand to hand! Fiat paper and computer transactions are much more suitable to such use and abuse.

The value of fiat money is based on the authority and management of the issuer weighed against ALL THE ASSETS in the economy. Its weakness is in the potential mismanagement of its value. But the weakness of gold and silver is that it bears no relation over time to the productive capacity of the rest of the economy whose liquidity it holds hostage to the vagueries of mining, dispersion and hoarding. It worked well only during intervals when mining was steady and the supply of it happened by accident to match the economy's liquidity needs. Fiat money on the other hand does not depend on mines, is replaceable and which hoarding can be counteracted by additional liquidity from the central bank.

Gold and silver remains useful as a currency only of last resort. If the central bank gets it wrong, by deliberate policy or error, gold and silver can be useful until democratic and economic action forces a return to sound policy.

American fiat currency and, indirectly, that of Europe are in fact backed by two metals. No longer useful gold and silver have been replaced by uranium and plutonium. These two metals (as well as a few pounds of tritium) guarantee the stability of the institutions which issue fiat currency so that they will be around and respected in their management of these media of exchange.


33 posted on 06/18/2006 10:03:21 AM PDT by UnbelievingScumOnTheOtherSide (Give Them Liberty Or Give Them Death! - IT'S ISLAM, STUPID! - Islam Delenda Est! - Rumble thee forth)
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