Short History of Monetary Debasement

Ron Paul has been speaking of corruption of monetary policy and the Federal Reserve for decades.

Here is a great article on the Cara Community about monetary policy, debased money, and the Coinage Act of 1792. It describes how Treasury employees were required to post a bond equivalent to ten years of salary, and misdeeds could be punished by death.

Here you have employees who had to put a bond to cover 5-10 years of their service (pay) in advance and if that was not enough they faced this …

“… falsification of weight, debasing currency and or embezzlement of metals under said officer’s charge … every such officer or person who shall commit any or either of the said offences shall be deemed guilty of felony, and shall suffer death.” Chap 16, Section 19

There has been no attempt whatsoever to restore sound money to our Nation in the past 40 years. By allowing debt to increase by using a monetary system based on increasing debt we have rubber stamped the misery of global Wars and poverty. We now have 1 in 7 Americans who can no longer afford to feed themselves.

America defaulted on the gold standard in order to continue the Vietnam War and to assume the mantle of World Police. Mr. Geithner you are wrong. America did default and America defaulted when you were alive. In 1971 America could no longer fulfill our monetary and trade obligations to foreign creditors under the gold standard. Since that default the “store of value” of a US Dollar has been radically debased.

Any way you slice it the US Treasury is mismanaged, which is just a reflection of our entire government … its all been mismanaged, not by just the Democrats or the Republicans, but by the American people who continue to fail in their voting responsibilities. America is run by two gigantic rampaging monopolies … one political and one monetary.

The Young & Ron Paul

NPR has a story about the young who frequently attend Ron Paul's events and want to talk about monetary policy and individual liberty.


The NPR page has a link to the audio version of the story.

Why The Young Flock To An Old Idealist

Sixteen-year-old Rob Gray says the age of the crowd doesn't seem odd to him.
It's "the old canard of the young being more open-minded than the old," he says.

Finland Is Awake, Wall Street Journal Is Asleep

It has come to my attention The Wall Street Journal has changed the original article.

Link to full original article.
Link to newly revised Wall Street Journal article.
Link to prior comments on this blog about the article.

In the spirit of secretive government, many sentences and entire paragraphs have been redacted. Even the harmless sentence, "Let's follow the money." was removed!

Rupert Murdoch's Wall Street Journal can not be trusted. Ironically, I received a mailer today asking me to subscribe to their fraudulent shill of a newspaper.

Finland Is Awake

Finland is not going along with the forced EU banker bailouts. The leader of the True Finn Party, which gained in recent elections, had an article published in WSJ that shows he understands the people have the power and the elected govern by the consent of the people.

When I had the honor of leading the True Finn Party to electoral victory in April, we made a solemn promise to oppose the so-called bailouts of euro-zone member states. These bailouts are patently bad for Europe, bad for Finland and bad for the countries that have been forced to accept them. Europe is suffering from the economic gangrene of insolvency—both public and private. And unless we amputate that which cannot be saved, we risk poisoning the whole body.

...

To understand the real nature and purpose of the bailouts, we first have to understand who really benefits from them. Let's follow the money.

... We'll begin with the obvious: It is not the little guy that benefits. He is being milked and lied to in order to keep the insolvent system running. He is paid less and taxed more to provide the money needed to keep this Ponzi scheme going.

...

In a true market economy, bad choices get penalized. Not here. When the inevitable failure of overindebted euro-zone countries came to light, a secret pact was made.

Instead of accepting losses on unsound investments—which would have led to the probable collapse and national bailout of some banks—it was decided to transfer the losses to taxpayers via loans, guarantees and opaque constructs ...

In a democracy, where we govern under the consent of the people, power is on loan.
...

Amazing to come from a modern politician: we govern under the consent of the people, power is on loan.

Read the entire article here.

The Ron Paul Moment

This week was the first GOP debate, and Ron Paul ranked highest in competition with Obama. Ron Paul also raised over $1 million to support a 2012 campaign, which dwarfs every other potential candidate.

Is This the Ron Paul Moment?

Representative Ron Paul established himself at the forefront of the Tea Party movement in the first Republican Presidential debate in Greenville, South Carolina. The debate has more and more establishment figures wondering if this might be the perfect political storm for the Texas congressman and obstetrician.

NPR wrote:

Asked if they would authorize use of the torture technique, candidates Pawlenty, Cain and Santorum raised their hands to signal that they were cool with violating the 8th amendment to the Constitution.

Santorum chirped, "Sure!"

The crowd applauded the supporters of waterboarding.

But Johnson and Paul refused to shred the Constitution, with Paul arguing that so-called "enhanced interrogation" techniques. The Texas congressman said waterboarding hasn't accomplished anything — and won't. Santorum disagreed, claiming that torture helped "get" Osama bin Laden.

Paul was right. Santorum was wrong.