The 109th Congress should:
- Return to constitutionally-defined money and banking
Pull a quarter out of your pocket. Note the orange ring around the edge.
This is copper. Prior to 1965 coins like dimes and quarters were made out
of silver. Today they are nickel-coated copper,
not silver. Even pennies have been "debased." According
to the U.S. Mint,
The [pre-]1982 copper cent weighs 3.11 grams and is 95%
copper and 5% zinc. The current copper-zinc cent weighs 2.5 grams
and is 97.5% zinc and
2.5% copper.
Who do you think profits from the substitution of less-expensive copper
for silver and cheaper zinc for copper? Answer: not
you.
And if you think there are profits to be made by debasing coins, think
about how much can be made with paper money and the government printing
presses! Then consider that most of our money is nothing more than
electronic blips in the bank's computers.
By debasing the currency, our government has engaged in systematic
theft on a massive scale.
And whenever the government and its friends create new money, it makes
each dollar you have worth less.
The government steals purchasing power from you and redistributes it to
its supporters.The government buys votes with your future.
"Debasement
of the currency" has always been understood to be immoral, the
strategy of an unethical and imperialistic government. Our
nation's monetary system is immoral to the core.
We need Honest
Money. We need Just
Weights and Justice. We do not need a government-imposed
"Gold Standard," however.
next: The Limits of Monetary
Policy
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