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The Fraud Of Creating Money As Debt

When the Federal Reserve System was established in 1913, it transferred the power of the US Treasury vis-a-vis the creation of money, into the hands of the Federal Reserve. The Fed creates money out of thin air and loans it to the US Treasury in the form of interest bearing debt instruments. Thus, the money of the US is based on debt. With over $20 trillion in Federal debt, the interest paid on that debt in fiscal year 2018 is estimated to be $310 billion. That’s no small amount!

What if money were not created out of debt? Is that possible? Sure. If the powers of the Federal Reserve were taken back by the US Treasury, it would be possible to spend money into existence, rather than into existence as debt.

The Federal budget for 2018 is: Total expenditures‎: ‎$4.094 trillion. The total estimated revenue‎: ‎$3.654 trillion. This leaves a projected deficit‎ of ‎$440 billion. Since the deficit must, under the current Federal Reserve System, be borrowed from them, at interest. Thus the deficit grows and next year’s interest payment will increase.

However, if the US Treasury were to create the money, it could simply spend it into existence to cover the deficit. No interest need be paid! As the previous debt interests of the Federal Reserve came due, they could be paid off by money created by the US Treasury in the same manner. Eventually, the entire debt could be paid off in this manner.

Beware! This is not free money!

It may sound like free money, but it isn’t. As more money is spent into creation, inflation takes its toll. The true definition of inflation is the increase of the money supply above the value of goods and services produced. When the money supply increases faster than the value of production, there is more money chasing fewer goods and prices rise, as the value of the money decreases. If too many dollars are created, the value of the dollar decreases. Under the Federal Reserve System the value of the dollar has decreased by 98%, meaning that something bought in 1913 for $1 would now cost $98, disregarding any increases in productivity of a particular product.

The fraud of the Federal Reserve System is that it was sold as a means of preserving the value of the dollar and that it would prevent crashes in the economy. Both of these selling points have not proven accurate. There have been multiple crashes of the economy since the Fed was established, including the Great Depression.

Ideally, the US dollar should be backed by gold and silver, or some tangible item, but that discussion is for later. First things first. We must End the Fed.

The Federal Reserve has never been good for the public. It has only been good for the big banks. They love it, because it makes them money. Who pays? We do. We are slaves to debt. Isn’t it time to eliminate the Fed and turn its powers over to the US Treasury, where it belongs?

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Shorty Dawkins

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38 comments

  1. Shorty, you are right, of course. Thank you for speaking the truth. There will never be liberty or peace as long as we allow the warmongers to create our currency from nothing and enslave us with it.

    1. Immediately after his assassination, LBJ signed an executive order over turning 11110, unfortunately, corruption runs deep.

  2. “Ideally, the US dollar should be backed by gold and silver, or some tangible item, but that discussion is for later. First things first. We must End the Fed.” Not exactly…
    Constitutionally, the “dollar” is a silver coin, containing 371.25 grains (Troy) of fine silver. Gold coins can be valued in “dollars” (the amount of silver for which the gold exchanges in the free market); but there is no such thing as a “gold dollar”. Thus, a “dollar” is not “backed”. by silver, gold, or anything else. It is a fixed weight of silver, and nothing else.
    The main problem with ending the Federal Reserve System before re-establishing the constitutional “dollar” is that Federal Reserve Notes are “legal tender” for”dollars”, and must be redeemed in “dollars”–unless Section 30 of the original Federal Reserve Act is invoked. And most prices today are expressed in Federal Reserve Note units (although people mistakenly take these to be “dollars”)–which means that a rearrangement of the price-structure in terms of real “dollars” must also accompany ending of the Federal Reserve System.

    1. Today we have Federal Reserve Notes, which, as you say is legal tender. A new currency, Treasury Notes, (or some such name), can easily replace Federal Reserve Notes and be called Legal Tender. The Federal Reserve Notes would then be taken out of circulation to be replaced by Treasury Notes.

      The first step is to take away the Fed power to create money as debt.

      The end goal, IMHO, is to return to the Constitutional Dollar.

      Shorty Dawkins

      1. “Treasury notes” designed to circulate as “money”, by definition, would be “currency created out of debt”–only the name of debtor (the Treasury, as opposed to the Federal Reserve Banks) would change. With the financial condition of the United States Government being what it now is, allowing the Treasury to issue such “notes” in purported payment for open-ended public expenditures would send this country down the same rat-hole as Venezuela. (I leave out of consideration that the issuance of “Treasury notes” as currency is unconstitutional.)

        1. Why, I ask, do you assume the Treasury Notes I mention are based on debt? They carry no interest, and are spent into existence, not loaned.
          So, if Treasury notes are unconstitutional, then so are Federal Reserve Notes, yet they continue to be used and no politician, or judge, is ready to prohibit them. Still, you play your semantic games as the fraud continues. I want to end the Fed, and seek real steps to accomplish it, not semantics.

          Shorty Dawkins

          1. Thank you, Shorty, for alerting this readership to yet another globalist tool, fiat money, at home and internationally.
            However, to let the Treasury issue any money out of thin air does continue the fiat mechanism and also monetizes the debt. Dr. Vieria is right and does not use semantics. It is still fiat and will further grow the money supply, thus decreasing the value of dollars already in circulation.
            Your interest is appreciated and here’s hoping you will continue to do the good work. Thank you.

          2. Ivan,

            Yes, it is still fiat, but the power of the Fed must first be destroyed, before we return to a sound currency.

            If the Federal Reserve Notes are exchanged for “Treasury Notes” on a one-for-one basis, there is no increase in the money supply. It will then be up to Congress to maintain fiscal discipline. They won’t be able to hide behind the Fed.

            Shorty

          3. Shorty, Thanks for your Hard Work!
            I will be one of the the only one’s you want watching your 6 . Dirty Birds go home.
            Tell Everyone I said So.
            JG
            Just doing my job! I have something big coming soon!

        2. Before I went into the service in 1969, I worked as a union bricklayer and made $6.00 an hour. We could have been paid in silver dollars. Shortly after we came off the gold /silver standard for the currency we had inflation, which was blamed on the unions for demanding pay raises, helping to destroy the unions. Also now days a union bricklayer may make about $35-$40.00 per hour, which if paid in silver dollars would be about $2.00 in silver dollars. But they make so much more,,,, and are in a higher tax bracket. If paid the same $6.00 per hour in silver dollars, it would be equal to about $100.00 per hour in the fake (Fed reserve) dollar bills.

    2. Dr. Vieira so true, and additionally, the fractional reserve system for banks uses debt to increase available dollars into the money supply. Nothing is simple for ending our fiat currency, nor for international fiat currencies worldwide.
      Also, as a commodity, silver saved is subject to capital gains taxes under our current system, should we seek to redeem it.
      Mortgage lenders do not lend their money for one to purchase a home. No one would lock in a 4% rate to allow someone to pay back a thirty year term were it not depositors’ money in the first place.
      There are many hurdles to get over in attempting to reestablish silver as our monetary unit in dollars, but with minds such as yours and those within the Mises Institute, solutions can be had. Here’s hoping that it can someday be done before a really bad SHTF occurs.

  3. We can’t have something that makes sense! That’s not the American way…and we can’t have it simple because how else can corruption enter the picture?

    The lie-beral DEMONocrats say, “WE WANT CORRUPTION, WE WANT CORRUPTION!”

  4. Why would be pay off the criminal Fed for past debt? Tell them to go shove it – better yet, lock up all those responsible for ripping off America!

    1. Yes, shut down the FED and the ISR. Both are criminal entities. Those STEALING moneys through this
      evil system need to have ALL of their assets frozen and asset forfeiture needs to occur. The monies forfeited
      should pay of this “so called” national debt.
      The true reason for the problems and destruction Syria and Libya are the international banksters
      wanting to control ALL world currencies. Iceland set the example by throwing out these banksters.
      I’ve read that the only countries that do not have international banksters are Cuba and N. Korea.

      1. Since the “debt” was created by those who do not/did not have the Lawful authority to do so in the name of the American people or of our nation it is “Null and Void” from its creation. Ignorance allowed it to continue. Since the US Constitution is available to anyone, any nation, any entity, they can/could have found out easily enough if the person serving within our government, and dealing with that nation, etc had any LAWFUL authority for what they are/were doing. Fraud nullifies contracts. Nothing that those who serve within our government did with others, nations, etc, that was NOT in PURSUANCE THEREOF the US Constitution is LAWFULLY binding on the American people or on our nation. What LAWFUL authority that those who serve within our governments have is LISTED within that document for anyone to read. Outside of that, they have NO LAWFUL authority to present themselves as speaking/dealing for the American people, for our nation. Any actions committed outside of that document is LAWFULLY “null and void”.

      1. Since when is revealing someone’s clueless (and proving it) a vicious attack? Hopefully your readers will come to your aid and explain to you just exactly where I am wrong and you are right … and prove it.

        You wouldn’t know the target it if fell on you.

          1. “Okay, Todd, tell the readers here. Do you favor getting rid of the Fed? Do you want to return to the gold standard? Please, enlighten us.

            Shorty Dawkins”

            Getting rid of the Fed is unnecessary. I would rather “compete” them out of existence by instituting a “real” money process. They would either have to deliver the same zero inflation guarantee … or they would be out of business. Either way, I get a result I can live with.

            Re. the gold standard: Think about it. There’s one ounce of gold per person on earth … less than $2,000 … chump change. And as is easily illustrated, it just “complicates” things for traders. With it, they not only have to anticipate things going on in “their” market over their time-and-space-spanning trade, they have to think of what’s going on in the gold market too … and the obvious manipulation of that market to boot!

            What’s to think about?

            You want a standard? I’ll give you a standard. It’s the HUL (Hour of Unskilled Labor). It trades for exactly the same size hole in the ground today as it has for all time. And we have all been one at one point in our lives … usually in summer jobs during high school.

            With a “real” and “proper” money process that guarantees zero inflation, use units that also never change. What could be more logical?

            Defend your gold standard Shorty!

          2. Re: The gold standard.
            The gold standard is a proven method that was in effect for hundreds of years. You placed a value of $2,000 on it, but if the gold standard were re-instituted, it would be worth far more. If it needed to be $5,000, or $20,000 to satisfy demand it would be justified. The same with silver. The value in current dollars (Fed. Reserve Notes) is skewed by fractional reserve selling of it, which is fraud, just as fractional reserve banking is fraud. The free market will determine its value.

            You propose your HUL (Hour of Unskilled Labor). There have been many attempts to substitute something for the gold standard. None have caught on. Berkshire Bucks and Ithaca Dollars(?) are two such attempts that have some local appeal, but haven’t really caught on. Re-inventing the wheel is not easy, when the wheel works well for its intended purpose.

            Let me know when your HUL units are actually being used. Until then, I’ll stick with a tested unit.

            Thanks for your reply,
            Shorty Dawkins

  5. Good dialog here guys. Most are unaware that the fraud even exists so this helps others to start getting an understanding of the current plantation project we are all living under. Surely, there is a solution to be reached. We have been ripped off far too long. End the Fed! I have no problem telling them to shove it and lock up the current perpetraitors (misspelled deliberately). They are aware of the fraud. Confiscate all there assets. We would gain a lot of respect world wide. Just think of the individual prosperity that would materialize under honest weights and measures. Also, start in California with a reset of the public employee wage and retirement rip off programs. Cut welfare to the bare bones. Eliminate all public private partnerships. (fascism).

  6. [S] Re: The gold standard.
    The gold standard is a proven method that was in effect for hundreds of years.
    [T] Religious dogma.
    [S] You placed a value of $2,000 on it, but if the gold standard were re-instituted, it would be worth far more.
    [T] A HUL is worth exactly the same forever … yet traded for different numbers of dollars. It has also traded for different numbers of ounces of gold. Proof, gold makes bad money.
    [S] If it needed to be $5,000, or $20,000 to satisfy demand it would be justified.
    [T] Ridiculous. What if you agreed to buy a house when it was at $5,000 … but then had to pay for that promise at $20,000. You prove my case.
    [S] The same with silver. The value in current dollars (Fed. Reserve Notes) is skewed by fractional reserve selling of it, which is fraud, just as fractional reserve banking is fraud. The free market will determine its value.
    [T] With silver, I have first hand proof it has nothing to do with money … and traders don’t want it to. In 1964, I traded a quarter with 90% silver for a gallon of gasoline. In 1965 I traded a quater with 0% silver for a gallon of gasoline. Now do the math Shorty! What does that say about the producers value of silver in that trade? My math … and it is irrefutable … says zero. The money is just what I said it was … a promise … and it worked, whether it had silver in it or not.
    [S] You propose your HUL (Hour of Unskilled Labor).
    [T] Right … as a unit of measure that never changes … like the ounce … or the second never changes.
    [S] There have been many attempts to substitute something for the gold standard. None have caught on.
    [T] So … tell me how much gold traded for a hole in the ground in 1962 when I was in high school? In 1932 when my dad was in high school? In 1912 when his dad was in high school? In 1849 when they discovered gold in California?
    [S] Berkshire Bucks and Ithaca Dollars(?) are two such attempts that have some local appeal, but haven’t really caught on. Re-inventing the wheel is not easy, when the wheel works well for its intended purpose.
    [T] And Baltimore Green … and we will soon see, Bitcoins. None of them are based on reason. They are based on fallacy.
    [S] Let me know when your HUL units are actually being used. Until then, I’ll stick with a tested unit.
    [T] Let me know when your head comes up … or out … for air.

    Why did WTC7 fall down? Are you as stupid about that event too?

    /Todd

    Thanks for your reply,
    Shorty Dawkins

      1. “you showed me what you are. ”

        And that is?

        Review our conversation. Show a single instance where in the face of my refuting what you write, you were able to come back and defend and support it with facts … or even with reason. I only see regurgitation of dogma.

        And in spite of all that, your WTC7 reaction leaves me confused with what “you” are. You are bound by cognitive dissonance about money … but not on the government’s conspiracy theory about 9/11.

        WTC7 proves beyond all doubt that 9/11 was an inside job … that we are an occupied country with an occupied government. I submit we can remove our occupiers and prevent just replacing them with the same old corruption. All it takes is to institute a competitive “real” money process. I can prove beyond all doubt that PM or a PM “backed” process can’t produce zero inflation … cannot guarantee perpetual free supply of money to responsible traders.

        It is zero inflation that is the key to removing the cancer. The cancer can’t grow when its “x10” leverage advantage is working against zero … as in zero inflation. Their precious time value of money (1+i)^n doesn’t work with zero “i”, regardless of “n”. And their farming operation (they call it the business cycle) gives them zero yield … money is in perpetual free supply to all responsible traders all the time. And the ability of the government to collect tribute (interest from traders) for the money changers while sustaining itself on inflation and perpetual rollovers … well, that doesn’t work.

        Don’t you see it? It’s not about the units … it’s about the process! The proper units just removes one degree of confusion. Requiring a trader to have wealth or access to it before he can make a trade spanning time and space is an unnecessary inefficiency. It is there by design. It is put there by those who profit from control. A “real” money process has no control point … only simple automatic arithmetic to maintain the obvious relation:

        INFLATION = DEFAULT – INTEREST = zero

        Perplexing.

        /Todd

        1. Todd,

          Rain makes the flowers grow. Is that dogma? What is dogma? Are all truisms dogma? Is all dogma truism?

          What we commoners call money (paper money, checks, credit cards, etc.) is a medium to exchange value. You have something I want. We agree on a price in money. The money is exchanged for the good or service. Free trade. Value exchanged for value. The question is: What form does that exchange medium take? Obviously we must agree on its value, or the trade will not be made. Trust becomes an important factor. We could agree on pounds of rocks, or bushels of grain as the medium of exchange, but they are clumsy. They are not convenient. Money is convenient. If said money is trusted by both parties, the exchange can be made.

          Trust. Trade is based on trust. A new medium of exchange may work, or it may not. Both parties can agree if they trust the medium. Bitcoin, or other cryptocurrencies, are examples of new mediums. For those who trust them, they can work. Fiat currencies are entirely based on trust. They have no intrinsic values. Thus they are open to deception. Central banks are the biggest deception of the modern era. They pretend to be trustworthy, yet manipulate fiat currencies that are promoting fraud, and benefiting the few. This is by design. If we are ever to be free, we must break the power of the central banks.

          Before central banks existed, gold and silver were accepted mediums of exchange. They were trusted. The central banks deny precious metals (and jewels) as useful means of exchange, because they cannot be manipulated easily. They are real. They exist. They call gold and silver archaic, yet the largest private depository of silver in the world is said to be JP Morgan Chase. Interesting.

          The current manipulation of the gold and silver markets is done through the exchange of paper gold and silver. Can anyone really trust that the certificate claiming ownership to physical gold, or silver, is valid, when it is estimated that the same silver and gold has been sold and resold many times over? The certificates even say they may be repaid not in precious metal, but in fiat currency. Manipulation.

          Trade is built on trust. Any new method of trade must first build trust. The old method of gold and silver exchange, using physical metal, has been trusted for hundreds, or thousands, of years. You can call it dogma, but it works.

          Shorty Dawkins

          1. [S] Todd,

            Rain makes the flowers grow. Is that dogma? What is dogma? Are all truisms dogma? Is all dogma truism?
            [T] From Wikipedia: “Dogma” is transliterated in the 17th century from Latin (Latin: dogma) meaning “philosophical tenet”, derived from the Greek dogma (Greek: δόγμα) meaning literally “that which one thinks is true”

            [S] What we commoners call money (paper money, checks, credit cards, etc.) is a medium to exchange value.
            [T] Even commoners know the difference between “media” and a “medium”. What I refer to as a “real” money process is a “medium”. The media begins and ends with a ledger entry. In the interim it may take the form of other ledger entries, currency, coin, or other exchange media.
            [S] You have something I want. We agree on a price in money. The money is exchanged for the good or service. Free trade. Value exchanged for value. The question is: What form does that exchange medium take? Obviously we must agree on its value, or the trade will not be made. Trust becomes an important factor. We could agree on pounds of rocks, or bushels of grain as the medium of exchange, but they are clumsy. They are not convenient. Money is convenient. If said money is trusted by both parties, the exchange can be made.
            [T] When that trade takes place in the here-and-now, the most common object in each such trade is “money”. The key issue is “where does that money come from”. I prove it comes as a result of a trader “promising to make a delivery over time and space”. I challenge you to show me an instance otherwise. The “trust” comes from the process. To the commoner, that trust comes from it working in practice. Commoners trust the Fed process, even though it has a measurable 4% leak in spite of a 2% leakage goal … and it is very very unfair to traders … and very very lucrative to the money changers and governments. As in any trade, both parties are implicitly and explicitly agreeing to the value of objects being exchanged. In a “real” money process, both parties (knowing the value of a HUL having been one) use it as their unit of relative measure. In current practice, if we reduce dollars to HULs, the wage of the average worker is about 3 HULs per hour … and now a HUL is worth about $8.
            [S] Trust. Trade is based on trust.
            [T] Right … when someone like my auto mechanic says “trust me”? No. Trust comes from experience and performance. Ponzi initially enjoyed trust. Bitcoin fanatics are currently enjoying trust … especially the early adopters … who will be the early ship jumpers as well.
            [S] A new medium of exchange may work, or it may not.
            [T] Multiple mediums … and media … may coexist. It is provable, the “real” money process I describe cannot be excelled … it can only be equaled. It then becomes an issue of minimizing cost.
            [S] Both parties can agree if they trust the medium.
            [T] Buy a house and give the builder 100,000 HULs (after the medium has been in effect for as short a time as two years). He will be able to take those HULs, and in less than a two year period (actually about 6 months), trade for materials and labor to create another house … and have some profit … HULs he can place under a rock if he wants because they are guaranteed to “never” lose value. His trade is done as soon as you give him the HULs and he gives you the title and keys. You, however, have an ongoing trade with the “process”. Say you agreed to return 1000 HULs for the next 100 months. Do that, and that trade (and the media … i.e. money … it created) is done and gone. Fail (i.e. default) and the process “immediately” recovers the default with an interest collection of like amount. Totally objective. No LIBOR. No monetary policy involved at all. The issue is trusting the process. And the process is easy to trust because it is totally objective and transparent. There is no anonymity in the money creation of a “real” money process. There is total anonymity in the money exchange.
            [S] Bitcoin, or other cryptocurrencies, are examples of new mediums. For those who trust them, they can work.
            [T] They are built on a false premise … that being that money must represent intrinsic value or “proof of work”, even if the value is a fiction and the work is pure waste. That’s not going to gather many trusters once the gig is up. Bitcoin is hopelessly doomed as money because it is “guaranteed to be deflationary”. Nobody in their right mind would ever spend one.
            [S] Fiat currencies are entirely based on trust.
            [T] “All” currencies are based on trust … even your gold back one. The major trust is that they are not counterfeit. In real life, such currencies are limited to minor exchanges … like buying apples at the grocery store. Fiat has become a slur word … used by the gold bugs (predominately the Mises Monks). “All” promises are “fiat” … and “all money, be it currency, coin, or ledger entry is fiat”. And I proved this with my silver coin example in 1964/65, which I personally witnessed … and you failed to comment on.
            [S] They have no intrinsic values.
            [T] No “money” has “intrinsic value”. If both objects exchanged have “intrinsic” value, it is an exchange in the here and now … value for value. It is done “now”. No money is involved … ever.
            [S] Thus they are open to deception.
            [T] And your gold “backed” money avoids deception how?
            [S] Central banks are the biggest deception of the modern era.
            [T] Correct. And a “real” money process doesn’t employ them.
            [S] They pretend to be trustworthy, yet manipulate fiat currencies that are promoting fraud, and benefiting the few. This is by design. If we are ever to be free, we must break the power of the central banks.
            [T] Correct. But for goodness sake, don’t flee into the arms of another devil … i.e. the gold bugs.
            [S] Before central banks existed, gold and silver were accepted mediums of exchange.
            [T] Read your history. The USA in B.Franklin’s time was using script to make exchanges more efficient. He told the Brits about it and wammo … the law against script … and the Revolutionary war. Even Lincoln, stupid as the guy was, employed the greenback to buy his way through the war. Jackson called the money changers on their scam and we had no central bank until 1913.
            [S] They were trusted.
            [T] Read the Anti-Federalist papers. They were “never” trusted. Everyone knew the con … except maybe the commoner.
            [S] The central banks deny precious metals (and jewels) as useful means of exchange, because they cannot be manipulated easily.
            [T] Oh really? Read the history of gold used in exchange during the gold rush days in California. It is just as easy to manipulate. Read about the bullion wars at the end of the 19th century between gold and silver. And as I say, just look at 1964/65. Look again at 1973 when the government said gold was $35/oz and the whole world new it was $70/ounce. Brenton Woods had already blown itself up. Nixon just wrote the obituary.
            [S] They are real. They exist. They call gold and silver archaic, yet the largest private depository of silver in the world is said to be JP Morgan Chase. Interesting.
            [T] Fine. But if you can do simple math, you know there is only one ounce of gold per person on Earth. And the total value of silver on Earth is about 1/5th the total value of gold … so in gold terms there is 1.2 oz per person on Earth. Miners are willing to produce it for less than $2,000 per ounce … so that pretty much sets its real price. You will create false demand if you call it money by edict. But nobody is stupid enough to do that as it will be impossibly deflationary … trade will lock up immediately … and everyone will start digging for gold. It’s idiocy.
            [S] The current manipulation of the gold and silver markets is done through the exchange of paper gold and silver.
            [T] Correct … and that proves the fallacy of a gold “backed” currency.
            [S] Can anyone really trust that the certificate claiming ownership to physical gold, or silver, is valid, when it is estimated that the same silver and gold has been sold and resold many times over?
            [T] Of course not … so they cannot trust a solution of a gold “backed” currency either. “Backing” means that the holder can exchange for the backing at will. There is obviously not enough gold and silver to meet that commitment … i.e. a run on the backing. With “real” money, no such runs can happen.
            [S] The certificates even say they may be repaid not in precious metal, but in fiat currency. Manipulation.
            [T] But back when you claim it was working they said “Silver Certificate”. There were far more silver certificates in circulation than there was silver backing them. And they quietly changed the wording to “Federal Reserve Note” and pulled the silver certificates out of circulation and destroyed them. And you know what? The traders didn’t care one bit. Either way, they worked just fine as money … and the 4% leak was tiny compared to the clumsiness of precious metals.
            [S] Trade is built on trust.
            [T] And a “real” money process moves most trade into the simple barter exchange category that requires the minimum in trust. Those who take money in exchange trust the process, not their trading partner. And even an awful process like the Fed imposes works just fine in the short term.
            [S] Any new method of trade must first build trust.
            [T] And one that is objective, open, transparent, free, and provable, has the least problem getting that trust established. A Bill Gates or a Warren Buffet could lay out the logic of it and put it into effect. It would be no harder than what Musk and his buddies did with PayPal … and they had no money behind them. Gates, Buffet, Bezos, Musk … they could get it instituted at zero risk to themselves. Like current bankers, they could pull the money off the table in two years. Unlike current bankers, they wouldn’t be guaranteed a 700,000 times return in 40 years like the bankers are.
            [S] The old method of gold and silver exchange, using physical metal, has been trusted for hundreds, or thousands, of years. You can call it dogma, but it works.
            [T] Earth to Shorty! Come in Shorty! There’s not enough Shorty! Do the math. If you did, you would know you’re regurgitating dogma. It has not existed in my life time … my dad’s lifetime, or my grand father’s life time.

            [S] Shorty Dawkins
            [T] All that … and I still don’t know what you now “know me to be”.
            /Todd

          2. “[T] All that … and I still don’t know what you now “know me to be”.”

            As you have shown, you are someone who is promoting your ideas (and website), who insults those who disagree with you, and who uses false logic.

            Apparently your website doesn’t get much traffic. I wonder why. Thanks for your input. Goodbye.

            Shorty Dawkins
            Website Editor

    1. “The gold standard is a proven method that was in effect for hundreds of years.
      [T] Religious dogma”

      Todd Marshall, you’re incorrect.

      Go look into museums and look at the gold from pharaohs, etc. Then go look at Chinese, Incas, and other museums, what treasures are there (ignoring for the instance historic treasures), gold, silver, gems. Those have real value because they have been treasured and used for centuries. To add to that, our US Constitution REQUIRES that money be backed by gold and silver.

      Shorty, I do not think Dr. Vieira was saying anything except to point out to you that a real value of gold money was established by the framers. That is what we need to obtain, to shoot for, to figure out how to get there from here. He is showing us the place we need to get to, we are figuring out how to get there in a Lawful manner.

      ““Treasury notes” designed to circulate as “money”, by definition, would be “currency created out of debt”–only the name of debtor (the Treasury, as opposed to the Federal Reserve Banks) would change. ”

      Again he is correct. I do understand your frustration, so lets figure this out. There are a LOT of smart people here, and I don’t necessarily mean college smarts, because real life “smarts”, all types of “smarts” is what is needed now. What I see that we need is a multitude of ways to get us back on real money. The US Constitution says that states can create money backed by gold and silver. Dr. Vieira gave us the standard required. That is what we are now going to start figuring out how to get there.

      “You want a standard? I’ll give you a standard. It’s the HUL (Hour of Unskilled Labor). It trades for exactly the same size hole in the ground today as it has for all time. And we have all been one at one point in our lives … usually in summer jobs during high school.

      With a “real” and “proper” money process that guarantees zero inflation, use units that also never change.”

      Actually that is sort of what Agenda 21 wanted to do…. BUT maybe we can use this or a version of this, along with other things/ideas to get us on the road to where we need to be, under constitutionally sound money. What about using trade also, is there a way we can work this into a normal part of doing business? Let’s say I have a feed store and a person has some livestock that needs feed for a few months in the summer dry pasture time. At this time I cannot legally (“color of law”) trade him loading and making feed deliveries for hay, yet since my driver is (idk, think of something) need a driver – win, win for both, but regulations would stop that from occurring. But those regulations are NOT constitutional, yet one cannot afford to fight any agency that uses the people’s money in that fight. Under the US Constitution those who serve within our governments are NOT supposed to assist or stand in the way of business. I think a lot of our problems with money is going to come from regulatory agencies, though our ideas MUST be constitutional to be LAWFUL. So maybe some research at how this was handled in the time of the creation of our US Constitution, and shortly thereafter?

      BTW Shorty, the US Constitution forbids the Federal Reserve when it delegated the authority to coin money to the Congress. When anything is created in THIS nation that is not in Pursuance thereof the US Constitution it is “null and void”. Anyone (once we have a decent start on a sound currency) who stands for the fed reserve then will be working against our nation.

      So lets start developing ideas, is there someone who can act as Secretary to list the ideas, then maybe some type of conferences to discuss them – pros and cons?

      Also, remember that OUR Constitution is in writing, and it is available for anyone in the world to read. WHY is that important? THAT lists exactly what those who SERVE WITHIN OUR GOVERNMENTS (when one adds each state’s Constitution to the mix) has the AUTHORITY TO ENTER INTO AGREEMENTS, TREATIES, ETC in writing for all in this world to know. Those who serve within our governments do NOT have the authority for a lot that they do in our name, particularly this arrangement with the Federal Reserve. Those who serve within our governments are under a contract to which they are Oath bound, and, depending on the position such as a governmental agency, may have a secondary contract that is BELOW, and must be in Pursuance thereof the US Constitution.

      The supreme contract must ALWAYS be considered first and foremost when anything is done. Many times that has NOT been done. The framers understood *contracts, compacts, etc. They also knew that authority, to be controlled, had to be delegated NOT to any person, but instead to a branch or named office within a branch within our US Constitution. That way, when a person – elected, hired, contracted, etc – “worked” within the government, they have/had the temporary use of the powers/authority of the branch or named office within a branch for as long as they followed the contract and KEPT the Oath. Like any contract breaker (example above) there are penalties for breaking the contract and with certain things such as Misappropriation of Funds, their PERSONAL wealth can be taken to repay that debt.

      Those who serve within our government and do not/did not take and KEEP the Oath, do the duties as required by the US Constitution for that position and/or branch can be removed by us at anytime (My belief from my studies). This is why I said that President Trump does not need much to “clean the swamp”, except some good people that literally have his back from the corrupt who serve within the different agencies in our general government. All he has to do is to require that those who serve within the executive branch enforce the US Constitution. Not saying that enforcing it would be easy, it would not as many who think themselves powerful would be going down. There were constitutional methods put into the US Constitution to stop other branches/named offices within a branch from encroaching on the powers/authority of another branch/named office within a branch, but I believe that “We the people of the united States” also have that authority as we are the creators.

      Important concept to understand, and it is said well by Dr. Edwin Vieira: “This has nothing to do with personalities or subjective ideas. IT’S A MATTER OF WHAT THE CONSTITUTION PROVIDES… THE GOVERNMENT OF THE UNITED STATES HAS NEVER VIOLATED ANYONE’S CONSTITUTIONAL RIGHTS… THE GOVERNMENT OF THE UNITED STATES WILL NEVER VIOLATE ANYONE’S CONSTITUTIONAL RIGHTS, BECAUSE IT CANNOT VIOLATE ANYONE’S CONSTITUTIONAL RIGHTS. THE REASON FOR THAT IS: THE GOVERNMENT OF THE UNITED STATES IS THAT SET OF ACTIONS BY PUBLIC OFFICIALS THAT ARE CONSISTENT WITH THE CONSTITUTION. OUTSIDE OF ITS CONSTITUTIONAL POWERS, THE GOVERNMENT OF THE UNITED STATES HAS NO LEGITIMACY. IT HAS NO AUTHORITY; AND, IT REALLY EVEN HAS NO EXISTENCE. IT IS WHAT LAWYERS CALL A LEGAL FICTION.”

      Again, if it is not in Pursuance thereof the US Constitution, it is “Null and Void”. The Federal Reserve is unconstitutional, therefore it is “null and void”, and good riddance when it is gone. But lets create within each state sound money, sound trade – constitutional laws regarding “regulation” of what is done, because much of today’s regulation is unconstitutional. before we get hit too hard.

      Also, those who serve within our government cannot give away, trade, sell, etc the authority/powers they are ALLOWED to use (as long as they do the duties as found in writing within the US Constitution, for that branch/named office within a branch) because it is NOT theirs to give, sell, trade, etc. That is why Fast Track, etc are “color of law”, fake, pretend, etc. It is why agencies who use the powers of all three branches are “null and void”, but enforced by the ignorant or domestic enemy/traitor. That is why not having sound money is criminal behavior on the part of those serving within the legislative branch, and the other branches.

  7. All this argument and no one mentioned that the Fed. Reserve note is a copy right instrument created by those for a specific purpose. To create debt. And yes the Constitution does state coin to be legal tender. The creation of the Treasury notes was for the purpose of conveyance of carrying around a pocket full of coins. Example: I file a lot of documents into the county public record and when I do I pay them a fee to file, (which should be free), and I pay it in coins so to pay off the filling fee vs using the Federal Reserve note so no one can latter say I did not pay off the fee and void my filed documents.

  8. Thoughts on crypto like btc?

    On physical gold / silver one negative is that every time you need air travel, TSA will interrogate you every single time you go through security as gold a dense element and lights up like Christmas tree on their scanners. I’ve not been through TSA once without them pawing through my gold and silver, and asking how much I’m carrying (and sometimes why). Some open each container one by one, some do visual on the bunch- either way it’s annoying and made to feel like a criminal for wanting sound money.

  9. Not sure if it was said but inflation is the largest tax that we pay. We end up paying about +90% tax in our lifetime in lost purchasing power. Gold has gone up tenfold in short time- or a better way of saying that is that Gold is steady and the dollar is what changes, takes ten times as much green paper to get an ounce of gold and before long a bushel barrel of green paper for an ounce. /rant

    1. When the Federal Reserve System was established in 1913, gold had a government stated value of $20 per ounce, Today it fluctuates around $1,200-$1,300, but was at $2,000 at one time, a 100-fold increase in just over 100 years, which is about 1% per year. If the price of gold were not manipulated, it would easily be twice as high. The Fed target for inflation just happens to be 2%.

      Shorty Dawkins

  10. (((WHO))) created the Fed in 1913? is it the same tribe of chosen ones who own the media,Hollywood, banks, etc.? oy vey…DA GOYIM KNOW

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