Honest Currency Essential to Private Property Rights
Having an honest currency is essential to property rights. If the government and their banker friends have a fiat currency, they can simply print up as much as they want and buy out anyone they please.
You may argue that without an abuse of eminent domain laws the property owner could always choose not to sell. The problem with that is that laws WILL be abused when the government/bank complex has what amounts to a "magic money machine" to buy off state officials, media, and anyone else in their way.
[Another problem with the argument is that those with the magic money machine can ramp it up to cause a boom and then cinch it tight (except for their inner circle) to cause a bust. In the bust, property owners will be desperate for cash and many will have to liquidate against their will because the credit crunch will have otherwise reduced them to insolvency. Worse, this liquidation will be at bargain basement prices!
Click here for a speech by Congressman Ron Paul of Texas as he introduces the Free Competition of Currency Act. Among other things, he makes a good case that the federal government was given no authorization to pass "legal tender" laws, only the states were- with the restriction that they themselves could not coin money and could only make gold or silver legal tender.
There is no doubt in my mind that what the Founders envisioned was the Federal government coining honest money and then the states approving that money by granting it the status of legal tender within their state. Check and balance, the government with the power to coin the money does not also have the power to mandate its use.
You may argue that without an abuse of eminent domain laws the property owner could always choose not to sell. The problem with that is that laws WILL be abused when the government/bank complex has what amounts to a "magic money machine" to buy off state officials, media, and anyone else in their way.
[Another problem with the argument is that those with the magic money machine can ramp it up to cause a boom and then cinch it tight (except for their inner circle) to cause a bust. In the bust, property owners will be desperate for cash and many will have to liquidate against their will because the credit crunch will have otherwise reduced them to insolvency. Worse, this liquidation will be at bargain basement prices!
Click here for a speech by Congressman Ron Paul of Texas as he introduces the Free Competition of Currency Act. Among other things, he makes a good case that the federal government was given no authorization to pass "legal tender" laws, only the states were- with the restriction that they themselves could not coin money and could only make gold or silver legal tender.
There is no doubt in my mind that what the Founders envisioned was the Federal government coining honest money and then the states approving that money by granting it the status of legal tender within their state. Check and balance, the government with the power to coin the money does not also have the power to mandate its use.
posted by Mark Moore (Moderator) at Friday, December 11, 2009
2 Comments:
Nice dispatch and this post helped me alot in my college assignement. Thank you on your information.
MARK:
a RETURN TO ORIGINAL CURRENCY: GRAIN...MAY BE HELPFUL.
DAVID
We will eventually realize the illusion of Federal Reserve NOTES, gold or whatever TOXIC currency there is....
THE POWER OF ONE SEED
Dedicated to Howard Zinn: Aug. 24, 1922 – Jan. 27, 2010
What is the Ultimate Answer for Reducing Global Warming, Creating a Debt and Disease Free Nation, Feeding the Poor and Hungry, Reducing Unemployment, and Putting an End to War?
Plant one seed!
Ideally, one organic brown rice seed!
Yes, you are reading this correctly. Planting one organic grain seed at the White House in the spring of 2010 with Michelle Obama in her NEW organic garden can help solve these six problems:
· Global Warming
· National Debt
· Poverty and Hunger
· Sickness and Spiraling Healthcare Costs
· Unemployment
· “War on terrorism”
1) GLOBAL WARMING:
Consider that grasses or grain is the best sequester of carbon dioxide on the planet. This is according to John Ware Dowling, a fellow in Australia, and a carbon farmer since 1977, in his report: Organic-Aeration Agroforestry Net System submitted to the Environmental And Natural Resources Committee in Australia on December 4, 2009.
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