Texas Straight Talk

A weekly column

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Comment by Jim Manly

July 21, 2008 01:06 PM

What steps would likely be taken to "a solid reproach to currency reform"?

Comment by Patrick McCarthy

July 21, 2008 01:12 PM

Greetings;

All of America’s fiscal problems and social ills are based in mankind’s failure to live in accordance with Spiritual Law, learn from the mistakes of the past, be ever vigilante in regards to the rise of evil and totally comply with all of the constraints and mandates found in the Constitution!

Timothy 6:10 “For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”

Today, many people promote and justify Fractional Reserve Banking and the Federal Reserve Banking System. Even though, they were designed to enrich the few, by enslaving the many. Via a thoroughly corrupt and ungodly system of unjust weights and measures that has usury/interest attached to imaginary loans.

Leviticus 19:35 “You shall not cheat in measuring length, weight, or quantity.”

Leviticus 25:37 “Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase.”

Thomas Jefferson wrote this in a letter to John Adams, in 1787: "All the perplexities, confusion, and distress in America arise, not from defects of the Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation."

Thomas Jefferson wrote this in a letter to the Secretary of the Treasury, Albert Gallatin, in 1802: “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them, will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.”

Thomas Jefferson’s prophetic beliefs constitute the true state and nature of reality today!
Congressman James Traficant, Jr. read this into the Congressional Record on March 17, 1993: “Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) “hypothecated” all property within the federal United States to the Board of Governors of the Federal Reserve, in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a “beneficiary” of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their “subjects”, the 14th Amendment U.S. citizen, to the Federal Reserve System.”

“In return, the Federal Reserve System agreed to extend the federal United States corporation all of the credit “money substitute” it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn't have any assets, they assigned the private property of their “economic slaves”, the U.S. citizens as collateral against the un-payable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations (all 501c3 church's), as collateral against the federal debt. All has already been transferred as payment to the International bankers (moneychangers).”

“Unwittingly, America has returned to its pre-American Revolution feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, “We the People” are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. “We the People” have exchanged one master for another.”

Benjamin Franklin wrote this in his autobiography: “The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the International bankers (moneychangers) was the PRIME reason for the Revolutionary War.”

President James Madison (4th President): “History records that moneychangers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”

Matthew 21:12 “And Jesus went into the temple of God, and cast out all of them that sold and bought in the temple, and overthrew the tables of the moneychangers, and the seats of them that sold doves,”

Andrew Jackson (7th President) said this to a group of International bankers (moneychangers) he was addressing in the 1828 presidential campaign: "You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out."

Senator Daniel Webster read this into the Congressional Record on March 4, 1846: "A disordered currency is one of the greatest political evils. It undermines the virtues necessary for the support of the social system, and encourages propensities destructive to its happiness. It wars against industry, frugality and economy, and it fosters the evil spirits of extravagance and speculation. Of all the contrivances for cheating the laboring classes of mankind, none has been more effectual than that which deludes them with paper money."

Congressman Ron Paul read this into the Congressional Record on June 5, 2002: “Gold is history's oldest and most stable currency. Central bankers and politicians hate gold because it restrains spending and denies them the power to create money and credit out of thin air. Those, who promote big government, whether to wage war and promote foreign expansionism, or to finance the welfare state here at home, cherish this power.”

“History and economic law are on the side of the gold. Paper money always fails. Unfortunately, though, this occurs only after many innocent people have suffered the consequences of the fraud that paper money represents. Monetary inflation is a hidden tax levied more on the poor and those on fixed incomes than the wealthy, the bankers, or the corporations.”

Richard Russell stated in “The Daily Remarks” on August 21, 2006: “Under the current system with a central bank creating and controlling our money, you are guaranteed to lose purchasing power two different ways- via taxes and via inflation. The central bank system is the greatest scam ever perpetrated on an ignorant public. The eternal enemy of every central bank is- gold.”

People tend to forget, that the laws that govern the physical universe, apply to all aspects of their lives. Be it construction, economics, finance, government, industry, law, science, technology and religion. When things are built on a sound foundation, they stand the test of time. When things are built on a corrupt foundation, they decay and crumble.

Matthew 12:33 “Either make the tree good, and its fruit good; or make the tree corrupt, and its fruit corrupt: for the tree is known by its fruit.”

The Federal Reserve Act was railroaded through a carefully prepared Congressional Conference Committee scheduled from 1:30 a.m. to 4:30 a.m. on Monday, December 22, 1913, when most members were sleeping. The 40 substantial differences in the House and Senate versions were supposedly described, deliberated, debated, reconciled and voted on, at the rate of 4 1/2 minutes per item, in those early morning hours.

At 4:30 a.m. the Congressional Conference Committee’s report was handed to the printers. Senator Joseph Little Bristow, serving as the Republican Senate leader; stated in the Congressional Record that the Conference Committee had met without notifying them.

The Conference Committee’s repor

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Comment by Antifederalist

July 21, 2008 01:33 PM

Let me begin by stating that I voted for Dr. Paul over McLame in the DC primary and I'm currently reading Dr. Paul's book, "The Revolution". Dr. Paul is one of my favorite members of Congress...but the monetary policy issue is one where I'm still not sure I agree with him. I agree that governments cna be fiscally irresponsible if they believe they can get away with it...BUT, there ARE downsides to fiscal irresponsibility. Dr. Paul suggests there are none in this article. If a country is fiscally irresponsibly, they face a weakening currency, also borrowing incurrs interst charges, and if you borrow too much, not only can this affect the nation's credit rating, but interest charges can eat away at the budget. Additionally, this nation faces a looming entitlement spending crisis. Soon, Medicare, Medicaid, and Social Security will take up every tax dollar and we'll have to borrow just to cover the rest of our expenses unless we impose socialistic Euro tax rates or slash entitlement spending to the quick. So, I should have outlines the downsides to profligate government spending, even in a fiat money system.

What else concerns me about commodities based money is that commodities can be manipulated, and commodities can crash. We've seen natural gas prices manipulated by Amaranth, so, it stands to reason that if one commodity can be manipulated, so can others, like gold, silver, and other precious metals. Additionally, Spain at one point based their currency on gold. Conquistadors brought so much gold home that it flooded the market with gold and the price of gold dropped drastically. I fear that if we peg our money to commodities, a mad rush to mine money will result in market crashes and a resultant devaluation of the dollar.

I've not made up my mind on this issue. If anyone could provide counter-arguments to rid me of my concerns, i'd be appreciative.

As for the poster above claiming that the IMF and World Bank call the shots...I don't see how. I know the World bank makes loans to developing nations to improve their infrastructure, but this is disasterous and doesn't encourage developing nations to fend for themselves. The IMF supposedly aids monetary exchange betweennations and aids with imbalances in payments between nations. Not sure how either entity could control what our currency is based on, call the shots, etc.

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ational deputy Director/usa180.org Mark Rossetti

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July 21, 2008 04:04 PM

Dr. Paul,
What can the "little guy" do to protect the buying power of his "fiat" currency?
Both political parties will spend and borrow us into bankruptcy.

Comment by Bernard Palmer

July 21, 2008 04:07 PM

Dearly beloved Ron Paul,
If as you say "Eventually any currency controlled by government will be debased to worthlessness", then a world wide return to a gold standard is inevitable. This collapse of the US dollar could mean all government owned gold and silver would probably need to be equally distributed to each US citizen with more gold being raised by a fire sale of government owned property.
A family of 4 could receive around $3500 in gold at today's prices seeing that the government holds about 8600 tonnes of gold @ $30 a gram. This might tide them over the collapse of the world monetary system and the introduction of a unadulterated gold standard which should take no longer than 1 month to implement once the US Mint is opened to everyone to convert their own gold into gold currency.
http://www.primaryfundamentalright.org/index.php?pageName=pfrWhatIs

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