[Misterioso]

What has government has done to our money and our Constitution? And what can be done? We must return to a full gold standard for this Republic to be saved.

[Henrietta]

bump for later reading

[Misterioso]

· In terms of personal relationships, our monetary system violates the sanctity of contracts, because one does not know what will be the value of future payments. That is, it violates the notion of keeping promises, which is the glue that holds civilization together.

This paragraph describes the effect that is mostly overlooked by opponents of fiat money. The damage goes beyond destruction of the mechanism of production to include the destruction of morality.

[Jason_b]

I prefer to call it a gold coin standard to emphasize that the standard is in the coin (as per Article 1 Section 10 clause 1) and not the paper warehouse receipt. And it is the coin that must be produced for taxes and debts, not substitutes.

"That is, our money has nothing to tie it to reality. It is part of the spiritual world. Today, economists describe money as an “illusion.” "

This I disagree with. What ties our money to reality is that we must compete for it in order to pay property taxes to keep our property. I worry as in times such as these with people losing their jobs, money is harder to come by, and it is harder to pay property taxes and mortgages---for some impossible. This is how the ruling elite in government and the bankers "harvest" wealth away from the people. It is no illusion when your house gets sold on the courthouse steps or is foreclosed. In that sense our debt-based fiat is all too real.

Article 1 Section 10 Clause 1 makes it impossible to pay debts with anything but gold and silver coin. This is why new language has been invented: we don't pay debts anymore; we discharge them with limited liability. Don't ask for references---it's from memory.

I would have added to Art 1 Sec 10 Cl 1 something that makes it impossible for a lender to lend anything but the physical gold and silver coin. That would ensure that he lends what he has to lend and no more with which he could earn illicit interest.

[Sid Rich]

bump for later read

[DPB101]

I can divide this degeneration essentially into two categories. One is the application of the so-called “theory of the Living Constitution.”

Liberals are not right about much but they are correct about this. We do have and have always had a "Living Constitution." Tradition, legal precedent and popular opinion have always trumped what is codified in the constitution as the supreme law of the land.

That the Supreme Court "interprets" the constitution, that justices are hermeneuticians, is the greatest falsehood in American politics. Justices go with the wind. Sometimes before the wind, sometimes behind, but always, long term, with the wind.

The question conservatives pose of "Where is that in the constitution?" gains nothing. Doesn't matter what the constitution says. Never has, never will. Rights are more than the constitution. The founders knew that. They expected people to demand those unwritten rights people assume they have be honored. And that has been the case. Only way to change it is to change what rights people believe they hold.

[GhostofWCooper]

Great read, and right on the money.

I love this judge, who said, "An unconstitutional act is not a law; it confers no rights; it imposes no duties. It is, in legal contemplation, as inoperative as though it had never been passed.”

In 1886 they didn't know about all those penumbras and emanations in our beloved Constitution.

[Sloth]

What's so special about gold?

[eyespysomething]

bump to read later

[StriperSniper]

Bump for later.

[Cacique]

Hey Clemenza,

Speaking of fiat money.

[rightofrush]

An excellent post. This is first article I've bookmarked in months.

[Ben Bolt]

Now THIS is a must read & a keeper .

[justshutupandtakeit]

Mismash of fact and fiction as is usual in these monetary threads. A gold standard is as mythical as the Unicorn and as unattainable as the Holy Grail. When attempted for brief periods it is ditched as soon as it becomes inconvenient which is generally quite quickly.

The interpreters of the constitution is the People? Hilarious. Most can't find their @$$ with both hands and never could. After such statements who could take this guy's rambling with any seriousness?

Then he sets himself and the True Patriots up against John Marshall- gut-busting funny.

And the clown introducing him- 1200 yrs of collapsing fiat money systems? Wonder what systems those were that have escaped the notice of historians? Any clues as to the meaning of that particular bit of babbling?

[Just another Joe]

Bump for a later long read.

[jmc813]

bump fer later

[Dementon]

placemarker

[Misterioso]

Bump, because it's a GOOD one. :}