Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts

Monday, August 10, 2020

What Democrats Want, Day 85, Countdown to Oblivion? Social Justice or Justice


As of today, there are 85 days until the most consequential election in American history. This is what they say about many past elections, but this is really it. For if the Democrats seize power – control of the U.S. House, the U.S. Senate and the Presidency – and doing it by hook or by crook (the justifies the means, you know) America as we know it will be forever changed. America envisioned and created by the Founding Fathers will disappear into the shadows of history.

The ungodly secular-humanists/Marxists slow march through America’s institutions over the last 100 years or so will have reached a crescendo – fulfilling Mr. Obama’s fundamental transformation of America. Never again will the demonic Democratic Party relinquish its grip on political power and control of the masses.

Envision with me what a Socialist Democratic Party, takeover, a bloodless coup, a regime change, would look like. This is the first of a series of daily articles leading up to the 2020 General Election scheduled for November 3, 2020.

Rush Limbaugh on his Morning Minute spot today (Monday, 8.10.2020) commented on a new bill introduced in both Houses of Congress that sheds light on what direction the communistic Democratic Party likely would take if they gain control of Congress and the Presidency this fall.  The following is a transcription of Rush’s commentary, which highlights the dangers to America and our free-enterprise system under a Democratic dominated government. The Democrats propose to use the Federal Reserve as a social justice enforcement agency.
Hey folks, this is a teachable moment Democrats just introduced a a new bill which tells you everything you need to about them. The Democrat Racial Economic Equity Act would require the Federal Reserve to enforce quotas throughout the entire U.S. economy.  Now under this act the Feds would have to devise policies to minimize and eliminate racial disparities in employment, wages and wealth. The feds would also have to prevent disparities in access to affordable credit.

Now the Senate sponsors of this race-based monstrosity are (Sen.) Elizabeth Warren and (Sen.) Kirsten Gillibrand In the House the bill is sponsored by (Rep.) Maxine Waters.

Now instead of dealing with the nation’s money supply, keeping watch on inflation, interest rates etc. the Federal Reserve would be transformed into an all-powerful social justice enforcement agency. Using racial fairness as a cover, Democrats want to give the Feds a new mission to force banks and financial markets to adopt the radical left socialist agenda.

They want centralized control over the economy without checks and balances form Congress or the Executive branch. Right now, the bill won’t get past the Republican Senate or President Trump. But if the Democrats regain power the enactment of this thing could be a virtual certainty. This is all out and out Marxism.  It is anti-free market; it would end of American prosperity. That why the Democrats love it. That’s why Democrats want it.
Social justice and Justice are not the same


The Democrats emphasize social justice at the expense of or instead of real justice. Here are some definitions of those two terms:
Social justice: uniform state distribution of society's advantages and disadvantages. Social justice is really the capacity to organize with others to accomplish ends that benefit the whole community.
Justice:  The virtue which consists in giving to everyone what is his due; practical conformity to the laws and to principles of rectitude in the dealings of men with each other; honesty; integrity in commerce or mutual intercourse.
Social justice emphasizes groups and the collective society, while justice emphasizes individual rights and freedom. Like Rush indicated if the Democrats win in this year’s General Election, it will deal and death blow to an already shaky economy due the government overreaction and overreach to the Communist Chinese coronavirus. That is why this election is the most consequential in all of this nation’s history.

Thursday, November 10, 2011

Bob Schulz Engages "Occupy"


I don't agree with everything that Schulz says, but I think that he is on to something here.  Instead of complaining and vilifying the Occupy Wall Street movement, why not use this as an opportunity to educate them?


October 29, 2011
SCHULZ GOES TO WALL STREET
Gives The Constitution A Voice

At 9 AM on Saturday, October 8, I was tuned into CNN, broadcasting from Atlanta. The Host was interviewing three young people who had participated in "Occupy Atlanta" the day before. One was a 26 year old female veteran back from the hostilities in Iraq and Afghanistan and enrolled in College. The other two were males in their 20's who were employed. 
The host asked what the Occupy movement was all about. The young people said, "We want to fix the system."  
The host asked how the system could be fixed. The young people struggled to find an answer but had none. Eventually they suggested more people should vote.  
I turned to Judy, my wife, saying, "That's it. I'm going down there. These folks need to know about the Constitution and how it can solve their grievances."  Four hours later, we were in New York City.  I had a thought to find a meeting room somewhere near to the protests so I could talk about Liberty and the Constitution to whomever might come. Research uncovered a new community center two blocks away called Charlotte's Place."  We were able to make contact with and then meet with the director in between visits to the Park who agreed to give us time to meet there with interested people.  
As we walked among the protestors, we observed many who were clean-cut, bright eyed as they moved throughout the crowd open to exchanging ideas with strangers.  
I noticed a table with a homemade sign, "INFO." I approached and asked, "How can I conduct a teach-in on the State and Federal Constitutions? The young man said, "Start a Working Group." I asked, "How do I do that."  He said, "Announce it." I asked, "How." He said, "Get up on a bench and yell, 'Mic Check.'" That will get the attention of the People."  
I did just that. The People turned their attention to me and began to repeat, in waves, every few words I said.  I announced I was starting a Constitution Working Group, that the Constitution can be used to control the Bankers, the Corporations and the Politicians, end undeclared wars, end Bailouts, end the Fed and end our debt-based, fiat currency.   Each part of the message was repeated two or three times as the crowds carried the words and energy back to others farther away.  I announced the first meeting of the State and Federal Constitution Working Group would be at 6 PM on the steps at the east end of the Plaza. 
Cheers were heard and People raised both hands, pointing all their (wiggling) fingers upwards. I learned later that was a hand signal expressing approval.  
Before I could descend from the bench, 20-25 people surrounded me, some asking questions. What became clear to me was they knew little to nothing about the content, history, meaning, effect and significance of any provision of their State and Federal Constitutions. I lectured from the park bench for more than 30 minutes, before someone else from a distance yelled, "Mic Check," drawing attention to the new speaker. 
Before my 6 PM meeting I learned OWS had a General Assembly (GA) meeting every evening about 7 PM, run by a group of "facilitators." 
At the 6 PM meeting people signed up to be on the Constitution Working Group, providing their names and email addresses.  
Before the start of the GA, I engaged in a loud conversation with a student from the Rochester Institute of Technology (RIT) in New York about his grievances and the Constitution. He started out expressing his anger at the greed and corruption on Wall Street, Again, dozens of young People, apparently genuinely eager to learn, gathered around to listen to the conversation.  
After more mingling, I did another "Mic Check," announcing there would be a meeting of the State and Federal Constitution Working Group on Wednesday at Charlotte's Place and those who would like to be on the Working Group should meet me on the Steps. More people signed up, bringing the total to 29, including two attorneys (one of whom is a professor of Financial Law at Cornell and under contract to teach Financial Regulations to folks at the New York Federal Reserve (ponder this for a moment), a young veteran combat photographer, another young veteran, a high school math teacher, a full time student at PACE U., and so on.  Again I was impressed at the level of intelligence and sincerity of the people who were there. 
On Wednesday, eight of the 29 met (we have since learned it is difficult to schedule meetings when all can meet, given the diversity of everyone's professions and occupations). 
A consensus was reached regarding a simple, one or two word definition of the overriding grievances of OWS: Money, Debt, Bailouts, Federal Reserve, Corporate Personhood and the (Undeclared) Wars. 
There was a discussion of the five Rights guaranteed by the First Amendment, with emphasis on the meaning of the fifth: the Right to Petition for Redress. Packets of study materials were distributed including copies of the State and Federal Constitutions, the Articles of Freedom, WTP's "Interpretation of the Meaning of the Right to Petition Government for Redress of Grievances," the lawsuit filed by me in 2008 against the AIG bailout, the lawsuit filed by me in 2008 against the $700 billion bailout of the financial industry, We the People of New York, Inc.'s Certificate of Incorporation and the pamphlet written by Benedict D. LaRosa, "Democracy or Republic, Which Is It?" 
Since then, we have had two more meetings in NYC and one Webinar. Judith Whitmore has joined me in this effort. Thus far, an agreement has been reached on the Beliefs of the State and Federal Constitution Working Group as follows: 
  •  All People have Natural Rights -- Simply Because They Are Alive.
  •  We the People have Instituted Government to Secure our Rights.
  •  According to our Governing Documents, Sovereignty rests with the People.
  •  The Constitution & Declaration of Independence are inextricably intertwined.
  •  Every Principle, Prohibition, Restriction and Mandate of our Governing Documents represents a Guaranteed, Individual Right.
  •  The People are the Source of All Political Power
    (after all no one gets into office unless we put them there).
  •  All Elected Officials are limited by our written Constitutions
    (if not authorized in writing, such acts are unlawful).
  •  The Constitution is not a Menu.
  •  The Constitution cannot Defend Itself.
  • Individuals and Small Groups cannot prevail in attempts to hold government accountable to their State and Federal Constitutions.
  •  A Critical Mass is needed, say 3-5% of population.
  •  Very few in and out of public office can recognize when government is obeying or violating the Constitution.
  •  The way our system of governance is working is in sharp contrast to the way it is designed to work.
  •  We don't change the Constitution by ignoring it; There are provisions within it to make changes. 
  •  All that is happening is our fault; the People have allowed it to happen.
  • The People have always had the ultimate power in our society and have always been the final arbiters of constitutionality.
  •  Most of what is causing our National distress NOW can be traced back to violations of the Constitution. 
The next step, before next Monday's Webinar is to prepare drafts of Petitions for Redress which will include Instructions to the President and Congress to Remedy the agreed upon Grievances, each involving a violation of the Constitution: Money, Debt, Bailouts, Federal Reserve, Corporate Personhood and Undeclared Wars.  
Once a consensus is reached on an Instruction, it will be forwarded to the OWS facilitators and announced at Liberty Plaza following a "Mic Check."  If there are enough people who support the Petitions/Instructions, this is a peaceful legal way that the "99%" and the Constitution can be heard. 
From those I have talked to or heard from, there has been real relief expressed that someone is pointing the way back to the Constitution. However, there are different viewpoints on who is back of OWS; what its real purpose is; what is going to take place because of it.  
IMHO, the OWS may morph into a more formal, national organization something like our Constitution Lobby, albeit possibly without incorporating. The danger is it may be co-opted by a person(s) with an agenda contrary to that of the Constitution Lobby. With that in mind it will be interesting to see how much respect the Constitution Working Group actually receives from the powers behind OWS, whoever they are. 
I will continue until the Constitution is back as the main-frame for America and our Nation is back on track.

Bob Schulz,
Founder, We The People

Thursday, June 02, 2011

G. Edward Griffin on the Federal Reserve





This makes me feel like I should give money to the Ron Paul campaign even though I disagree with him on a few important issues.  Since my employment is funded by the government, I feel like I'm a participant in screwing the poor.  

Thursday, March 10, 2011

U.S. Treasury is Now Liable for the Fed's Losses

Read this article:

http://www.cnbc.com/id/41198789/Accounting_Tweak_Could_Save_Fed_From_Losses

Yes, this "rules change" making the U.S. Treasury (i.e. the U.S. taxpayer) liable for the losses of the Federal Reserve was put in effect with only the approval of Ben B. and Tim G., not by an act of Congress.  It seems not to matter any more whether or not we audit the Fed.  The IMF will do to us what they did Greece and Ireland.  Is this the end of America as we have known it? 

Thursday, May 13, 2010

Dodd's Bill is Worse than Obamacare

http://biggovernment.com/jberlau/2010/05/11/dodds-bank-bill-worse-than-obamacare-its-the-nationalization-stupid/

There are many bad things contained in Chris Dodd’s Restoring American Financial Stability Act,” the financial regulatory “reform” bill that after filibustering for three days — with the assistance of Nebraska Democrat Ben Nelson — Republicans agreed to let come to the floor for amendment and debate.

Among its horrors are a massive new consumer agency with the power to track virtually every financial transaction to share with other big agencies like the IRS, onerous new restrictions on angel investors and venture capital that greatly delay funding promising startup firms, proxy access provisions that would federalize state incorporation laws and empower unions and other progressive shareholders to wage director campaigns at the company and other shareholders’ expense, and no attempted reform of the government-sponsored enterprises Fannie Mae and Freddie Mac at the center of the financial mess.

But the most destructive portions of the bill — the one that would in my judgment go beyond even Obamacare in making the American free enterprise system unrecognizable — has been little discussed even by critics of this bill. To put it bluntly but absolutely accurately, this bill sets up a mechanism for the Treasury Secretary, the Federal Reserve, and the Federal Deposit Insurance Corporation to nationalize virtually any business they deem to be a threat to American “financial stability.”

I include myself among these critics not focusing on this issue and I apologize for not informing readers sooner, but I wanted to be sure the bill would do what I suspected it would do. Many of the bill provisions are interconnected, and what can seem like a mild measure by itself becomes lethal when combined with another sections. As Financial Timescolumnist Gillian Tett recently wrote: “Buried in [the bill’s] pages are numerous clauses and sub-clauses, many of which have been largely ignored until now (partly because they strike most non-financiers as pretty dull). Yet, the fine print could turn out to be crucial in the coming years.”

And after reading and rereading the “fine print” of this 1336-page piece of legislation (which will grow by hundreds more pages when amendments are added), it is clear that the bill’s “orderly liquidation authority” would facilitate outright government seizure of a wide variety of firms with very limited judicial review.

The first clue of what the bill would do in this regard comes from one of the bill’s architects. House Financial Services Committee Chairman Barney Frank, author of the similar financial bill that passed the House in December, has freely used the term “death panels” to describe the new powers the bills give the government over firms. In response to charges of “death panels“ in the health care bill, Frank responded that the panels were in the wrong bill. “Yes, we have death panels, but they got the death panels in the wrong bill,” Frank said on the House floor. “The death panels are in this bill.”

Defending against charges that the bills’ new mechanism to wind down firm will lead to taxpayer bailouts, Frankwrote in the Huffington Post that under this authority, “Shareholders are wiped out, unsecured creditors are out of luck, management and every employee that is not required to shut down the company is fired.” What Frank and other of the bills’ architects don’t say — not even in liberal venues like the Huffington Post — is that the bills also give the government these same powers to take over firms not seeking any kind of government aid.

Section 203 of Title II of the bill empowers the Secretary of Treasury, with a two-thirds vote from the Federal Reserve and the Federal Deposit Insurance Corporation, to take into government “receivership” any “financial company” whose failure he determines “would have serious adverse effects on financial stability in the United States. “

Once the Treasury Secretary puts the company into “receivership” of the FDIC, the government may — under Section 210 — “take over the assets of and operate the covered financial company with all of the powers of the members or shareholders, the directors, and the officers of the covered financial company, and conduct all business of the covered financial company,” “perform all functions of the covered financial company, in the name of the covered financial company,” and “ provide for the exercise of any function by any member or stockholder, director, or officer of any covered financial com1pany for which the Corporation has been appointed as receiver under this title.”

The ostensible “purpose” of this “orderly liquidation authority,” as stated in Section 204, is to “provide the necessary authority to liquidate failing financial companies that pose a significant risk to the financial stability of the United States.” Yet the funny (or not-so-funny) thing is that firms don’t really have to be “failing” to be taken over.

The Treasury Secretary can seize, under Section 203, any firm “in default” or “in danger of default.” And it’s clear that this “danger of default” does not need to be an immediate danger. The word “likely” appears many times in this section’s listing the criteria of a firm that can be taken over. A company can be in danger of default if “the assets of the financial company are, or are likely to be, less than its obligations to creditors and others; or the financial company is, or is likely to be, unable to pay its obligations [emphasis added].” The word “likely” itself is never defined, so up to the Treasury Secretary and Federal Reserve to make that determination.

Pretty dramatic new powers, huh? But, of course, most businesses won’t have to worry because this just affects “financial companies” like investment banks, right? Not exactly. “Financial company” is defined very broadly in Title II, as in other sections of the bill.

Recall that for purposes of Federal Reserve regulation and paying assessments for bailout of failed firms (though now after the failure, rather than through the $50 billion bailout fund that Dodd agreed to get rid of after to GOP mini-filibuster, a slight improvement), a “nonblank financial company” is defined as a firm “substantially engaged in activities in the United States that are financial in nature.” (See my previous piece, “The Obama-Dodd-Frank-Everything’s-A-Bank-Bill.”)

Also, last week orthodontists visited Capitol Hill because they were concerned that they would be subject to the new Bureau of Consumer Financial Protection if they offer installment plans for their patients to pay for braces. Dodd denied this, but a Bloomberg story pointed that the bill’s language grants jurisdiction to the bureau over any business that is “engaged significantly in offering or providing consumer financial products or services,” and the term “significantly” isn’t defined.

Similarly, under the definitions Title II, a “nonbank financial company” supervised by the Federal Reserve would be subject to the “orderly liquidation authority.” So if the Treasury Secretary and the Federal Reserve decide that a manufacturer, retailer, or even an orthodontics practice “would have serious adverse effects on financial stability in the United States,” they have the authority to send it to what Frank calls the “death panel.”

The authors of this bill still, however, are still left with one pesky problem: the courts. There’s always the possibility that some “backward” judges might actually take the Constitution seriously and see such a government seizure as a violation of the Takings Clause of the Fifth Amendment, the Due Process Clause of the 14th Amendment, the limitation of the federal government’s power in the 10th Amendment, or numerous other constitutional provisions that protect contracts and property rights and separate America from Argentina and Venezuela.

To try to prevent constitutional and other challenges , Section 202 of the bill creates a three-judge “orderly liquidation authority panel” in the federal bankruptcy courts to rubber-stamp the government‘s actions. This court would have just 24 hours to review a government seizure and could only stop it if it found “substantial evidence” the seizure was justified. As Heritage Foundation regulatory scholar James Gattuso recently put it, this means “that the seizure must be upheld if the government produces any evidence in favor of its action.”

The bill even sharply curtails Supreme Court review to attempt to block constitutional challenges. “Review by the Supreme Court under this subparagraph, shall be limited to whether the determination of the Secretary that the covered financial company is in default or in danger of default is supported by substantial evidence,” says the bill on page 117.

Sen. Mark Warner, who was substantially involved in drafting the bill, said during a speech that “resolution should only be used as a last resort.” For those interested in freedom and true financial stability, stopping this bill’s creation of a resolution/nationalization authority — a power that should not to be given to the Obama administration or any administration regardless of party — should be the last resort

Friday, April 23, 2010

Thomas Jefferson speaks to 21st Century America


I received these quotes from a coworker today. The quotes come from President Thomas Jefferson. This wisdom is as relevant and apropos today as they were 200+ years ago when first spoken or written. Too bad our current President does not have the ears to hear the salient advice offered by one of his predecessors. I added the topic titles ...

ON URBAN DECAY & LIFE

“When we get piled upon one another in large cities, as in Europe, we shall become as CORRUPT as Europe.”

HOW TO CREATE A WELFARE STATE

“The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.”
.
PAY-AS-YOU-GO, JOE!

“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.”

DON’T TRADE YOUR LIBERTY FOR SO-CALLED SECURITY

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”

REDUCE THE SIZE & SCOPE OF GOVERNMENT

“My reading of history convinces me that most bad government results from too much government.”

INVESTIGATE THE FEDERAL RESERVE
.
In light of the present financial crisis, it's interesting to read what Thomas Jefferson said 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 the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."

Thursday, April 22, 2010

Articles of Freedom, part 11



It’s been a while since I’ve written about the Articles of Freedom. I left off a few weeks ago at Article 9, so now I will go on to Article 10, the text of which follows my comments.

Here is my plan on this issue (monetary policy):

1. Immediately repeal or nullify all legal tender laws except for gold and silver coins at the state level.

2. All contracts made in Federal Reserve Notes, past, present and future would remain legally valid except securities purchased from the Federal Government and currently held by the Federal Reserve Banks would be declared void.

3. Abolish the Federal Reserve and its Board of Governors by repealing the Federal Reserve Act.

4. It may be necessary to temporarily fold portions of the Federal Reserve System into the Treasury Department. Federal Reserve notes will continue to pass out of existence as bank loans are paid off.

5. Increase the Federal production of gold and silver coins.

The CC09 plan doesn’t specifically have all things, but I agree with everything they say in this Article 10. It is also worth noting that as Federal Reserve Notes are phased out, the federal income taxes should be phased out as well--laws indicating that transactions in gold or silver coins should be exempt direct, unapportioned taxes.

ARTICLE 10.

MONEY AND ARTICLE 1 OF THE CONSTITUTION

A. REMEDIAL INSTRUCTIONS TO CONGRESS

1. The Congress of the United States, in the exercise of its power authorized by Article I, Section 8, Clause 5 of the Constitution for the United States of America, “[t]o Coin Money, regulate the Value thereof, and of foreign Coin,” shall enact a statute:

(a) establishing a National Advisory Commission on Alternative and Competitive Currency, and

(b) calling upon each of the several States to establish their own State Advisory Commission on Alternative and Competitive Currency.


2. That the sole purpose of the said Advisory Commissions shall be to study and recommend the means by which each State individually, and the several States and Congress collectively, can promote the adoption by both the several States and the United States, as rapidly as possible, of an economically sound and Constitutional alternative and competitive currency, which shall:

(a) consist exclusively of silver and gold, the units to consist of 371.25 grains (troy) fine silver and 371.25 grains (troy) fine gold, which shall be subject to transfer from one party to another in both an electronic form measurable in any number of units, as well in tenths, hundredths, and thousandths of a unit, and the form of coins (whether of traditional or nontraditional shapes) of convenient weights consisting of multiples of the units or common fractions thereof;

(b) gradually be introduced as the media of exchange in all of the financial transactions of the governments of each of the several States and of the United States, so as in a measured manner to minimize and finally supplant the use in such transactions of Federal Reserve Notes or bank balances payable in those notes to the maximum degree possible consistent with the general welfare; and

(c) eventually supplant the use of such notes or balances in all private monetary transactions within and among each of the several States to such degree as the free market determines economically appropriate.

(d) That the National Advisory Commission shall be composed of the following persons: {…here shall be listed the proposed members of the Commission…}.


3. That, within thirty (30) days from the effective date of the said statute, the National Advisory Commission shall submit to Congress a report containing complete and specific drafts of all such legislation as may be necessary and proper for Congress to enact in order to guarantee that the citizens of each State may employ an alternative and competitive currency in all of their private economic transactions free from any form of taxation, reporting, or other regulation by the United States or any agency thereof, or by any State or agency thereof, that increases in cost, hinders, deters, discourages, delays, or renders cumbersome the use of such currency, or the consummation of transactions in which such currency is the medium of payment, in comparison to the same use of, or the consummation of similar transactions involving, Federal Reserve Notes or bank balances payable in such notes.


4. That, within thirty (30) days of its receipt of the National Advisory Commission’s report submitted pursuant to Paragraph 2, ante, Congress shall enact such legislation as will achieve the goals set out in that Paragraph.


5. That, within ninety (90) days from the effective date of the said statute, the National Advisory Commission shall submit to Congress a report containing complete and specific drafts of all such legislation as may be necessary and proper for Congress to enact in order to achieve the goals set out in Paragraph 2, ante, for the Government of the United States.


6. That, within sixty (60) days of its receipt of the National Advisory Commission’s report pursuant to Paragraph 5, ante, Congress shall enact such legislation as will achieve the goals set out in Paragraph 2, ante, for the Government of the United States.


B. REMEDIAL INSTRUCTIONS TO EACH OF THE SEVERAL STATES


1. That the Legislature in the exercise of its reserved power under Article I, Section 10, Clause 1 and the 10th Amendment, as well as other provisions of the Constitution for the United States, shall adopt a currency, other than that emitted by Congress, for use in all the financial transactions of the State. These shall by statute establish an Advisory Commission on Alternative and Competitive Currency for the State, the purpose of which shall be to study and recommend:

(i) the means, including all necessary State legislation (and where appropriate legislation that authorizes direct and independent action by units of Local government), by which the State can adopt an economically sound and constitutional alternative and competitive currency, consisting exclusively of silver and gold, initially for use in all of the financial transactions of the State’s government, thereby minimizing the use in such transactions of Federal Reserve Notes or bank balances payable in those notes, and eventually to supplant the use of such notes or balances in all private economic transactions within the State to the maximum degree possible for the benefit of its citizens; and



(ii) such legislation as may be necessary and proper for the State to enact in order to guarantee that the citizens of the State may employ such alternative and competitive currency in all of their private economic transactions free from any form of taxation, reporting, or other regulation by the State or agency thereof, that increases in cost, hinders, deters, discourages, delays, or renders cumbersome the use of such currency, or the consummation of transactions in which such currency is the medium of payment, in comparison to the same use of, or the consummation of similar transactions involving, Federal Reserve Notes or bank balances payable in such notes.


2. That the Advisory Commission shall be composed of the following persons: {…here list the proposed members of the Commission…}.


3. That the Advisory Commission shall, within sixty (60) days from the effective date of the said statute, submit to the Legislature a report containing complete and specific drafts of all such legislation as may be necessary and proper for the Legislature to enact in order to achieve the goals set out in Paragraph 1, ante.


4. That the Legislature shall, within sixty (60) days from its receipt of the drafts of legislation submitted by the Advisory Commission pursuant to Paragraph 3, ante, enact such legislation as will achieve the goals set out in Paragraph 1, ante.


C. RECOMMENDED CIVIC ACTIONS BY THE PEOPLE


WHEREAS, Article I, Section 10 of the U.S. Constitution specifies that “No state shall… make anything but gold and silver coin tender in payment of debts” and understanding the Federal Reserve is a private banking cartel whose effect has been to reduce the value of the dollar approximately 96% since its inception, Continental Congress 2009, in the interest of economic liberty:


1. Encourages networks of like-minded individuals to increasingly buy hard money coinage to use among their communities with the goal of increasing financial independence, and

2. That the aforementioned individuals, upon having established trade procedures in said hard money, shall be prepared for the replacement of the unconstitutional Federal Reserve upon its failure or abolition.


(from Articles of Freedom, the Works of the Continental Congress 2009)


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