Today the veil will be lifted. The trumpeters will have played their final trill, and more than three years of historical research and careful reflection will have come to an end. To you it will appear as only a few hours work, if even that, and for this reason alone you will likely discount what I encourage you to perceive as crucial to the future of our nation, our republic, and the future of humankind. For, you have been taught, as was I, and many, many before us for the past 330 years that the issue of money is far too complex for the average citizen to understand, and that We, the People, should therefore relinquish its control to those who are far better informed. Nothing could be further from the truth.
Let the veil be lifted.
Set the Standard and Make It Permanent
Given the historical precedent set by Abraham Lincoln, Franklin Delano Roosevelt, and Richard Milhous Nixon — be it constitutional or unconstitutional, within or outside the purview of the law, for good purpose or bad — , past presidents of the United States of America have exercised enormous power over our nation’s money supply. The paper counterfeit sold into existence under the Lincoln Administration to fight his War of Consolidation and “save the Union”, Roosevelt’s confiscation of our domestic gold supply to rescue the US banking industry and “save the American economy”, and Nixon’s unilateral withdrawal from the Bretton Woods Agreement to secure his re-election, and “save the nation from global speculators” all indicate a very high level of judicial tolerance.1 We have merely to convince President Trump or his successor to do something similar, but this time in favor of the citizenry of America and not merely the personal and collective ambitions of the American state. Indeed, if we truly wish to “save the Republic”, then I can think of no better first step than putting an end to the invasion of illegal aliens facilitated by decades of administrative neglect culminating in the abomination that has been the past presidential administration.
So, what is needed?
Firstly, the President of the United States must
declare the value of the US dollar to be equal in value to its current weight in gold or silver, but not both,
close the US border to the export of coin and bullion of the selected metal to any nation that does not adopt a similar policy with regard to its own money supply,
declare this new dollar the legal tender of the United States,
forbid the issue of all forms of counterfeit — statutory or otherwise —, and
submit to Congress a plan to insure that the Federal Reserve System of the United States complies with his dictates. In fact, the Federal Reserve System of the United States could finally be put to good use and enforce the rule of no statutory counterfeit.
All of this can be achieved with the stroke of a pen. For example,
Secondly, these acts on the part of the President of the United States must be codified into law through a constitutional amendment.
We must insure as the American nation — namely, We, the People, of the United States of America — that the American state — specifically, Congress and/or the President of the United States — no longer has the power to interfere with our nation’s money supply other than to enforce the amendment and eagerly prosecute and punish those who would engage in the issue of statutory counterfeit — indeed, any form of counterfeit. It must be stated explicitly within the amendment that no national emergency can be used as an excuse to abridge the fixed value of the US dollar as measured by its metal content or to relax the federal prosecution of the crime of counterfeit.
Thirdly, if the President is reluctant — and he will surely be, as he will have his hands full with other matters and be strongly advised by the crooks who currently rule over our nation’s money supply not to relinquish the power of the pump of effervescence (our current surrogate money supply) — there is COS (Convention of States) whose resolution to enforce fiscal responsibility through a constitutional convention of the American states (Article V of the US Constitution) must be amended to include mention of our nation’s money supply. The current resolution to form the convention has already been passed by 19 of the 34 State and Commonwealth legislatures required to host such a convention.
Given Article I, Section 10, Paragraph 1 of the US Constitution the failure of COS to address our nation’s money supply in its resolution suggests corruption, ignorance, or political pragmatism among its members — and more likely than not, some combination of all three. These short-coming can likely be overcome through aggressive lobbying.
OK. There you have it. A simple, straight forward presidential decree and constitutional amendment.
Common sense and honest behavior are nearly always easy to conceive. It is the adherence to simplicity in the face of conniving nuance that has always been the challenge of humankind. In these regards both the Bible and the Qur’an are on our side for those of us who believe in the God of Abraham. And, for those of us who do not worship at the alters of this God, there are the laws of supply and demand, historical precedent, and nature itself.
Now let’s explore the ramifications of such action for our nation, the crooks who will resist us with all of their might, and the future of the American state. You are welcome to pose any questions that you might have in the Comments Section as we move forward with our examination of the repercussions of this proposal, and I will readily reply.
With a sound money supply there is much that can be achieved toward the restoration of the American Republic.
A True Gold or Silver Standard
For over three centuries the world has been lectured on the virtues of the ever-diminishing value of our money supply, as the world’s bankers and their closest friends in government and business have taken ever-increasing possession of the world’s real wealth. Unfortunately, we have gladly listened — and this in exchange for the convenience of trading in paper, plastic, and more recently electronic code. That we not be fooled any longer, because we can have the convenience of paper, plastic, and code, as well as the riddance of the theft. We have only to set the value of the paper, plastic, and electronic code that we exchange in our daily affairs to a one-to-one representation of the amount of gold or silver coin and bullion held in vaults, safes, and pockets in our own nation and eventually around the world.
As of today, Tuesday, November 19, 2024 the current price of one Troy ounce of gold was USD 2,628.58. If this day were selected by the President, then the value of the US dollar would be set to 0.00038 Troy Ounces per USD (or 1 ÷ 2,628.58 USD/oz. = 0.00038 oz./USD), and the proposed constitutional amendment would use the same value.
If the President decided upon silver as the standard, the current price of one Troy ounce of silver is USD 31.28 per ounce of silver. This would mean that the value of one US dollar would be 0.032 Troy Ounces per USD (or 1 ÷ 31.28 USD/oz. = 0.032 oz./USD).
Gold is by far the better natural standard, because among the precious metals (gold, palladium, platinum, and silver) gold preserves its energy embodiment the best. This said, silver is a good fourth best among these four metals, and it is approximately 18 times more plentiful than gold and perhaps, as a result, more appealing.
In no case be fooled by the notion that there is not enough of either metal. For, as the economy continues to grow, and prices incrementally decrease across the board, one has only to set the denomination of the paper, plastic, and electronic representations of what is already available to an ever smaller amount of metal to accommodate the lower prices. And, for those who prefer to hold coin, do not be concerned about that the size of the coin will become too small to handle. For, it is the metal contained within the coin and not the size of the coin that counts. Coins can be made into any size. Recently I have seen small bits of gold embedded in plastic so that the metal is clearly distinguishable from its container.
Most of us today probably think of gold and silver coin as collection pieces whose warm luster can brighten our smile — an object that we can hold in our hand and weigh with our fingers. This said, if we own them, we probably keep them locked away in a safe, and only take them out to show to our friends or to insure their continued presence. Indeed, they are often a source of savings, a reserve that we would only fall upon, if we were desperate and had nothing else to bring to the market in exchange for our survival. Truly, it would be foolish to exchange them for paper cash or electronic plastic unless we absolutely must, for the purchasing power of these latter is forever falling despite their comparative strength in foreign exchange markets. In the end, a strong dollar in today’s world simply means that you can purchase more of another currency that is falling in value just like your own. This is where we have arrived after some 330 years of statutory counterfeit and now surrogate currency.
Then too, who in today’s world would want to lug around a bag of heavy coin or carry it in our pockets when we can simply tap our smartphone and access any number of bank accounts to make a purchase. Indeed, there is no need to count, exchange pleasantries that may or may not be sincere, or even handle what has been in someone else’s hand that has been who knows where. There is absolutely no need to discard these conveniences.
More on the ramifications next week. There are surprisingly few, but they are impressive.
In liberty,
Roddy A. Stegemann, First Hill, Seattle 98104
Author of Mount Cambitas - The Story of Real Money and “A Call for the Restoration of Monetary Order” (Parts I and II)
None of what I have proposed moves against the US Constitution except the fact that it is the authority of the US Congress to manage the nation’s money supply — not the President’s. This said, the emergency powers of the US Presidency are enormous, and there is strong historical precedent for the kind of action that I am putting forward. So long as the action is taken on behalf of the American state, the US Supreme Court would not interfere unless called upon, and historical precedent strongly suggests that it would not interfere with the President’s action.