Happy July 4th!
A Call to the Restoration of Monetary Order III
In addition to wishing you a Happy July 4th today’s entry is to announce and make available to my readership the final draft of my third paper in a series of three dedicated to the restoration of the US dollar and presented online to the 100th Annual Convention of the Western Economics Association International (WEAI) in San Francisco on June 17th. This entry is also written to encourage you to read the Declaration of Independence and when possible memorize the preamble — those words composed and agreed by our nation’s founding fathers on July 4, 1776. It is the ideas in this preamble that the Constitution of the United States was designed to preserve in the form of a republic to be sustained via fair, democratically decided elections, a thriving free press, the right to own property and bear arms, a sound monetary system, a system of voluntary, free markets, and a judicial system that decides guilt and innocence by our peers, and minimal governmental interference in our private affairs.
Unfortunately, all of the aforementioned foundational stones to what was once a thriving American republic have been severely compromised by the weight of the American state, and it is not at all clear that our republic will survive the next major shock. Rule by consent of the governed is a messy business that can only work when all citizens understand the underlying principles and the basic law of our nation. And, understanding is only the first step. So, let’s take it!
The unanimous Declaration of the thirteen united States of America,
When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effejct their Safety and Happiness.
Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.--Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government.
The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.
… [the facts]\ ….
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.
Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.
We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.
Thomas Jefferson, et.al. 1776. “The unanimous Declaration of the thirteen united States of America”. Independence Hall, Philadelphia, PA, ifJuly 4th. <online document>
The task set before us is enormous. Fortunately, we can overthrow the tyranny with which we are now confronted within the law, and we can do it “mostly” peacefully. Alas, there will surely be exceptions to the rule of law, but they need not come from us, and when facing them, we have only to stand our ground with whatever means is necessary, and push forward peacefully.
Get onboard, if you have not already!
In liberty,
Roddy A. Stegemann, First Hill, Seattle 98104
Author of Mount Cambitas - The Story of Real Money, “A Call for the Restoration of Monetary Order” (Part I, Part II, and Part III), the Substack series “Let’s End the Money Racket”.