Well, what if we follow the constitution and any contracts not made with gold and silver(Article 1 section 10) would be null and void. If you want to get rid of the fiat banking system and the fed that should do through trick.
Then abandon the keynsian economic model for the Austrian using gold and silver.
No more wars by adding digits to a fiat money computer screen.
We need to get back to Constitutional basics if we want to make the USA truly great again.
Spot on, Jack. A balance-budget amendment also would be helpful. It would eliminate deficit spending and the need for the Federal Reserve to act as the government's debt financier while creating an environment for a return to constitutional money. A pipe dream, I suppose, but a necessary one for sound fiscal and monetary policy .
Thank you, Stuart, excellent post. The way I look at the monetary shift of the 20th Century is that we incrementally changed the money system from the Gold Standard (where gold and silver were money) to the Debt Standard (where to count as money, something must be a debt issued by commercial or central banks, and gold is relegated to the status of an "asset"). It's tough to explain that to people, but once someone understands it, it sure isn't long before they start buying gold and silver.
Pertinent point, Mark. I concur. Money, credit and debt are inextricably linked and have been since the dawn of finance. Problems arise for sound money, economic equality and financial stability when bankers/financiers form alliances with political leaders. History shows these partnerships inevitability introduce debt-based paper (and in modern times digital) substitutes for tangible assets. I'm working on a book that explores the origins, development and pervasivness of debt. It's titled "Shackles & Chains: Debt Bondage and Financial Servitude from Ancient to Modern Times." I contend an indebted world is rich in servants and slaves.
Thanks again, Stuart. I switched the title of my book on the Debt Standard at the last minute to its current title. The previous title was "The Debt Standard: How our money system enslaves us all," switched at the last minute to "The Debt Standard: How our money system plagues our world." Either way, I have found that most people mightily resist the fact that our money is debt, that is, for every currency unit, bank deposit, Treasury security, etc., one party owes and another is owed. It's like there is some kind of dense fog that hides this from people.
So I eagerly await your next book. The more people understand these shackles and chains, the better.
It's a tough sell convincing those in perpetual debt that they are enslaved, especially if they live in a "free" country. But burdensome, lifelong interest payments don't lie, be they paid by individuals, households, businesses, corporations and/or governments, via taxation. I've been working on "Shackles & Chains" on and off for five years; read all or parts of more than 100 books, and a plethora of articles and historical documents as part of my research; and I'm only about two-thirds finished based on my calculations. I'm also writing a financial memoir that may take publication precedence, depending on what happens in the near term with commodity and equity markets.
Nope, there no devaluation neither revaluation as gold is gold that it. What they can ultimately revalued is the debts but in case this can't be revalued in any case.
Well, what if we follow the constitution and any contracts not made with gold and silver(Article 1 section 10) would be null and void. If you want to get rid of the fiat banking system and the fed that should do through trick.
Then abandon the keynsian economic model for the Austrian using gold and silver.
No more wars by adding digits to a fiat money computer screen.
We need to get back to Constitutional basics if we want to make the USA truly great again.
I wish you well.
Spot on, Jack. A balance-budget amendment also would be helpful. It would eliminate deficit spending and the need for the Federal Reserve to act as the government's debt financier while creating an environment for a return to constitutional money. A pipe dream, I suppose, but a necessary one for sound fiscal and monetary policy .
Thank you, Stuart, excellent post. The way I look at the monetary shift of the 20th Century is that we incrementally changed the money system from the Gold Standard (where gold and silver were money) to the Debt Standard (where to count as money, something must be a debt issued by commercial or central banks, and gold is relegated to the status of an "asset"). It's tough to explain that to people, but once someone understands it, it sure isn't long before they start buying gold and silver.
Pertinent point, Mark. I concur. Money, credit and debt are inextricably linked and have been since the dawn of finance. Problems arise for sound money, economic equality and financial stability when bankers/financiers form alliances with political leaders. History shows these partnerships inevitability introduce debt-based paper (and in modern times digital) substitutes for tangible assets. I'm working on a book that explores the origins, development and pervasivness of debt. It's titled "Shackles & Chains: Debt Bondage and Financial Servitude from Ancient to Modern Times." I contend an indebted world is rich in servants and slaves.
Thanks again, Stuart. I switched the title of my book on the Debt Standard at the last minute to its current title. The previous title was "The Debt Standard: How our money system enslaves us all," switched at the last minute to "The Debt Standard: How our money system plagues our world." Either way, I have found that most people mightily resist the fact that our money is debt, that is, for every currency unit, bank deposit, Treasury security, etc., one party owes and another is owed. It's like there is some kind of dense fog that hides this from people.
So I eagerly await your next book. The more people understand these shackles and chains, the better.
It's a tough sell convincing those in perpetual debt that they are enslaved, especially if they live in a "free" country. But burdensome, lifelong interest payments don't lie, be they paid by individuals, households, businesses, corporations and/or governments, via taxation. I've been working on "Shackles & Chains" on and off for five years; read all or parts of more than 100 books, and a plethora of articles and historical documents as part of my research; and I'm only about two-thirds finished based on my calculations. I'm also writing a financial memoir that may take publication precedence, depending on what happens in the near term with commodity and equity markets.
Nope, there no devaluation neither revaluation as gold is gold that it. What they can ultimately revalued is the debts but in case this can't be revalued in any case.