Towards a Brighter Future by James Jaeger
There is argument about Article I, Section 8 & 10 and its applicability. Some feel this section only applies to the states and leaves the federal government free to coin and print money. The clause forbidding "bills of credit" is also often attributed to the states, leaving the federal government to do what it wishes. However, one of the most basic principles in the Constitution is: ANY POWERS NOT SPECIFICALLY GRANTED TO THE FEDERAL GOVERNMENT ARE RETAINED BY WE THE PEOPLE AND/OR THE STATES. Thus, IF the Constitution does NOT specifically grant the Federal Government the POWER to coin or print money, THEN this power is retained by We the People and/or the states. Point one.
Point two: The surrounding literature of the time of the adoption of the Constitution clearly indicates that the colonists were weary of paper currency.(1) They had created a currency known as "Continentals" aka, "Greenbacks" and these were inflated to almost zero purchasing power. It's 'not worth a Continental' became a familiar phrase. So these people didn't trust paper and wanted money to be gold and silver.
Given this history and these motivations, anyone but a fool would try to argue that we are NOT violating the Constitution today, thus, the Federal Reserve System's fiat money is totally illegal. Illegal meaning unconstitutional, because the Constitution is considered the highest law in the land. As Dr. Edwin Vieira (Constitutional authority with four degrees from Harvard, including his law and chemistry degree) says: "Any law that violates the Constitution is not a law at all -- it's null and void." You can see and hear these words coming out of his lips by watching FIAT EMPIRE at http://www.FiatEmpire.com.
Lastly, I don't know what the exact solution is to stem the current fall of the dollar we are witnessing in the daily news, but I would say it is in the direction of the following:
1. Stop inflating the money supply so much;
2. Remove all taxes from gold and silver;
3. Bring back coins made of solid gold or silver;
4. Make paper currency redeemable in gold or silver;
5. SLOWLY increase bank reserve requirements to at least 50% -- possibly higher;
6. Let the free market establish the cost of money.
I don't know how you would do 1 - 6 technically, but one thing is for certain: we would have to be very careful about deflating the money supply so much that we brought about another Great Depression. The reason the Great Depression happened is because the Fed restricted the money supply too much, thus there was little or NO liquidity in the economy. This is when Keynes came in and told Roosevelt that the way to handle this was for the government to start employing everyone - a stimulus plan. Sound familiar?
The Roosevelt administration then began stimulating the economy, probably by printing up fiat money and used this to pay everyone to build all the weapons for the World War. Thus today, we are now stuck with this same dead-end STIMULUS system -- a system of systems where we are dependent on:
A. FIAT MONEY SYSTEM -- Fiat money being printed in ever larger amounts;
B. WAR SYSTEM -- Perpetual and ever more expensive wars to generate employment and rollover debt;
C. SOCIALISM -- Government handouts to a population that is becoming ever more incompetent and unable to produce the necessities of Life;
D. GROWING FASCISM -- Today almost 50% of the people are now employed by government at either the federal, state or local level;
E. EMPIRE -- The U.S., no longer the Republic envisioned by the Founders, is going the way of all empires and could soon be dust itself.
In short, we are probably screwed, unless we can BACK OUT of the money addiction that I believe is at root cause. As I have suggested before, the development and deployment of FUSION energy may be the only way we will be able to PRODUCE ourselves out of the inflated fiat money we have OVER-PRODUCED.
In an "ideal" society, I would think WAGES should be rising while PRODUCTS should be getting cheaper and better. Wages, products and money are THREE very different things. Bozo economists tend to lump PRODUCTS & SERVICES together, as if they are the same thing. I maintain they are VERY different in nature.
WAGES reflect a LIMITED resource: the length of time a human is productively alive.
PRODUCTS reflect an UNLIMITED resource: the amount of mass and energy in the known universe.
Thus, if the U.S. were able to develop and patent FUSION, it would be able to sell ELECTRICITY and METHANOL to the rest of the World at fairly cheap prices.(2) This would be an export product that would balance out our trade deficit. If the U.S. made this power available to its own citizens and industry free or very cheap, it would have the effect of reducing the cost of manufacturing of every domestic U.S. product. This would have the effect of making it possible for U.S. industry to produce and sell more rather than importing so many products from places like China and Saudi Arabia. If the fiat money printing were curtailed, as suggested above, the value of the dollar would then rise because there would be fewer dollars chasing more products. We would thus find ourselves in a position where PRODUCTS were getting cheaper while WAGES were staying the same. If wages are staying the same in an economy where DOMESTICALLY-produced products are getting cheaper, this has the effect of increasing the purchasing power of wage earners. Thus, in effect, wages are rising, without general inflation, without unemployment and without a devaluation of the dollar. If inflation does not rise, the dollar will continue to gain strength domestically AND abroad. The cheap clean fusion energy the rest of the world purchases from the U.S. would also allow their industries to grow while, at the same time, reducing conflict. With less conflict, from dependency on OPEC and places like Middle Eastern oil, and greater world wide prosperity, the vast sums allocated to militaries could be redirected to more constructive projects. Military personnel could focus their resources on massive engineering projects on Earth as well as exploration and development of other worlds, such as Mars, the Moon and Europa. This would be a win-win scenario for not only the U.S. and ALL its classes, but the rest of the World.
But it starts with the proper management of energy: whether MONEY or FUSION.
The U.S. government, by taking the lead in developing a cheap limitless energy source, such as FUSION, could give its citizens ENERGY rather than fiat MONEY. Clean energy is a far healthier gift because it enhances productivity while preserving the medium of exchange. Right now, the government is doing everything backwards. There is hope, however this hope would depend on U.S. citizens removing the current Congress and executives and replacing them with people that better understand economics, banking and technology and their (potential) interactions. Unfortunately, the current Congress, on the whole, is not qualified to serve the best interests of the People of the United States nor the Peoples of the World.(3) The RON PAUL REVOLUTION is thus here to stay.(4)
08 March 2008
(1) For instance, see The Federalist Papers. The Federalists Papers are a collection of 85 short essays written by Alexander Hamilton and James Madison, with contributions by John Jay. Thomas Jefferson called The Federalist Papers "the best commentary on the principles of government...ever written." In Federalist Paper Number 10, Madison says this about fiat money (also known as "bills of credit" and paper money): "The influence of factious leaders may kindle a flame within their particular States, but will be unable to spread a general conflagration through the other States. A religious sect may degenerate into a political faction in a part of the Confederacy; but the variety of sects dispersed over the entire face of it must secure the national councils against any danger from that source. A rage for paper money, for an abolition of debts, for an equal division of property, or for any other improper or wicked project, will be less apt to pervade the whole body of the Union than a particular member of it; in the same proportion as such a malady is more likely to taint a particular county or district, than an entire State." (Emphasis added)
(2) See PLASMA FUSION - The Ultimate Energy Source at http://www.jaegerresearchinstitute.org/articles/fusion.htm and A Remedy for the Oil Problem at http://www.jaegerresearchinstitute.org/articles/flexfuel.htm.
(3) See Overthrowing the Corporate Government at http://www.jaegerresearchinstitute.org/articles/overthrow.htm.
(4) See Ron Paul's writings at: http://www.house.gov/paul/legis.shtml.
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