Dear My Elected Senators and Congressmen
Please co-sponsor HR 2756, “Honest Money Act,” and HR 4683, the “Free Competition in Currency Act.” Gold backed currency is one of the things that originally made our nation so great.
If you chart what has happened after we went off the gold system to “paper” money our Federal Reserve Dollars are now worth 5 cents worth of buying power compared to what they could purchase right before we went off the Gold Standard. Also gold has held its value (locked in the purchasing power/value) of the dollars used to purchase the gold during this same time frame mentioned above.
The Federal Reserve, authorized by the U.S. Congress, has always printed enough money to finance the deficit spending of the Congress. This process has destroyed 95% of the value of the U.S. Dollar since 1913. The goods and services that one gold-backed dollar would buy back then would cost twenty of today’s paper dollars.
For a hundred years before that, while the Federal Government was small, the U.S. was on a gold standard, and there was NO inflation at all. The Federal Government is now our bloated Big Daddy, grown to a trillion-dollar monster, at your expense.
For the future, the situation is going to get worse, not better. The United States is burdened by a massive international trade deficit, and has become the largest debtor nation in history. The U.S. National Debt has grown so enormous ($9,000,000,000,000 – nine TRILLION dollars, or $30,000 for each man, woman, and child in the USA), and several times that amount in other obligations.
The government has no intention of ever repaying it, and instead simply continues adding to it every year, in constantly inflated dollars, created out of thin air by bankers.
This will eventually be a problem for those who are young, and for our children and grandchildren. How much longer can this swindle continue? Those in other countries who invest in U.S. government Bonds can only lose, as the value of the Dollar continues to drop towards zero, and foreign investors are getting nervous. If they stop buying U.S. government Bonds, the game will be over, and your paper money could become as worthless as the German Marks in 1923, when people had to take a wheelbarrow full of paper money (3,000,000,000 Marks) to the bakery to buy a loaf of bread that cost only one Mark in 1920.
Historically Gold has helped in many ways. The advantages of using money backed by gold were numerous: Since every country had gold, a natural material, and most people were familiar with it, it provided a common measure of value. It helped keep inflation in check by keeping the money supply based on the gold standard limited, thus stabilizing economies.
Inflation is the result of increasing supplies of money for a given economic state. More money causes the price of everything to go up because it increases the demand for goods and services before the economy has time enough to expand its available goods and services—so prices go up.
By tying the amount of currency to the amount of gold that a country possesses, it limits the amount of currency that can be printed. Low inflation allows long-term planning. There are many large projects that must be paid for over a period of time. It would be almost impossible to project future costs without knowing what future prices were going to be.
Next you would be taking away the monopoly of the Federal Reserve (which by the way is unconstitutional). The U.S. Constitution (Article I, Section 10) specifies that our money must be minted in gold and silver. ”No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money.”
But that is no longer the case. Everything changed in 1913, when the Federal Reserve System was created by the Congress. The Federal Reserve is more than just ”independent” of the government, it is a private company, owned by member banks, and controlled by bankers.
The paper money it issues (Federal Reserve Notes) is backed by nothing, and omits any promise that it is redeemable for anything. Stop reading for a moment, and get your wallet. Examine one of your Federal Reserve Notes now, and you will see that what you have just read is absolutely true.
Consider what Secretary of the U.S. Treasury, William H. Woodin, wrote in 1933: ”The Federal Reserve Act lets us print all [the paper money] we’ll need. And it won’t frighten the people. It won’t look like stage money. It’ll be money that looks like real money.” Read that again: It’ll be money that looks like real money. Translation: it is NOT real money! In retrospect, that has to be one of the most cynical statements ever made.
I urge you to co-sponsor HR 2756 and HR 4683 first, then help bring them to a vote and get them passed. Otherwise I fear that our dollars will be worth $0 or worse take $1,000,000.00 to buy 1 loaf as bread (pre-world war 2 Germany).
OR EVEN WORSE, THE OTHER FEAR/NIGHTMARE WHICH WE ARE ALREADY STARTING TO SEE THIS HAPPEN- FOREIGNER’S AND COUNTRIES, STOP BUYING OUR TREASURY BONDS AND DEBT, OR DEMAND PAYMENT ON U.S. OBLIGATIONS IN GOLD.
Are you as my elected representative going to allow this to happen? I trust your answer in NO! Of course that is if you actually read and consider this email/letter. It is past the eleventh hour and counting… Please take a stand and co-sponsor and pass HR 2756 and HR 4683, NOW!
Mr. Jeffrey S Schulman Sr (jschulmansr)
As Always, Be Blessed, Stay Blessed, And Share Your Blessings With All!
ps- Don’t Forget To Check Out My Other Blog: