SAVE THE CHANGE
Video presentations on this issue
POSTED 5/19/2009.... Video #1
http://www.youtube.com/watch?v=QLPcIpJx2WQ
Posted 5/20/2009.... Video #2
http://www.youtube.com/watch?v=l9QeRbVyU3I
~~~~~~
If the Fed goes broke, the coins in circulation already CAN BE USED as legal tender because there is NOTHING ON THEM THAT SAYS FEDERAL RESERVE.
This page is intended to start a movement. The movement is intended to enlighten the public that the VALUE of the money we use to trade goods and services among OURSELVES is determined by mutual agreement. If that be the case then we are dealing with a BELIEF in VALUE with the currency called FEDERAL RESERVE NOTES and the value of this "money" is being manipulated using DECEPTION.
What Americans need to consider is that they CAN accumulate an ALTERNATE to Federal reserve notes in the form of COINAGE of the USA which has been produced by the US MINT. The coins do NOT say Federal Reserve on them
WHAT IF WE AMERICANS DECIDE AS A PEOPLE TO REGAIN CONTROL OF OUR MONEY BY REVERTING TO THE VALUE OF THE COINAGE BACK TO THE DAY BEFORE THE FED WAS CREATED??
That would roughly make a US MINT penny worth what fed dollar is worth in purchasing power.
KEEP IN MIND THAT MONEY TODAY IS WORTH WHAT PEOPLE WHO USE IT AGREE IT IS WORTH.
~~~~~~
The solution to what is wrong with our economy and our loss of sovereignty is to
regain control of our money again.
RON PAUL is
spearheading an effort to AUDIT THE FED.. If this audit takes place, it will be
revealed for all to see that the Fed is bankrupt, except for the BELIEF that Americans
have about it's solvency.
The unfortunate truth is MANY Americans will be
the last to know that the paper FRNs are being increasingly rejected by those who we
are
reliant on for survival though imported goods. It may only be a few more
months until the USA's ability to import from overseas paying with FRNs is
over.
~~~~~
By U.S. Rep. Ron Paul
Monday, May 18, 2009
http://www.house.gov/htbin/blog_inc?BLOG,tx14_paul,blog,999,All,Item%20n...
I have been very pleased with the progress of my legislation, HR 1207, which calls for a complete audit of the Federal Reserve and removes many significant barriers towards transparency of our monetary system. This bill now has nearly 170 co-sponsors, with support from both Republicans and Democrats. Senator Bernie Sanders has introduced a companion bill in the Senate S 604, which will hopefully begin to gain momentum as well. I am very encouraged to see so many of my colleagues in Congress stand with me for greater transparency in government.
Some have begun to push back against this bill, and I am very happy to address their concerns.
The main argument seems to be that congressional oversight over the Fed is government interference in the free market. This argument shows a misunderstanding of what a free market really is. Fundamentally, you cannot defend the Federal Reserve and the free market at the same time. The Fed negates the very foundation of a free market by artificially manipulating the price and supply of money -- the lifeblood of the economy. In a free market, interest rates, like the price of any other consumer good, are decentralized and set by the market. The only legitimate, constitutional role of government in monetary policy is to protect the integrity of the monetary unit and defend against counterfeiters.
Instead, Congress has abdicated this responsibility to a cabal of elite, quasi-governmental banks that, instead of stabilizing the economy, have destabilized it. It took less than two decades for the Federal Reserve to bring on the Great Depression of the 1930s. It has also inflated away the value of our currency by over 96 percent since its inception. It has invisibly stolen from the poor and given to the rich through this controlled inflation, and now openly stolen through recent bank bailouts. It has predictably exacerbated the very problems it was meant to solve.
Detractors have also argued that the Fed must remain immune from the political process, and that that more congressional oversight would distort their very important decisions. On the contrary, the Federal Reserve is already heavily entrenched in the political process, as the Fed chairman is a political appointee. High level officials routinely make the rounds between positions at the Fed, member banks, Treasury, and back again, taking care of friends and each other along the way.
As far as the foolishness of placing complex monetary policy decisions in the hands of politicians -- I couldn't agree more. No politician or central banker, no matter how brilliant, is smart enough to know more than the market itself. The failure of central economic planning has been witnessed over and over. It is frankly beyond me why we ever agreed to try it again.
To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have. They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability. Thus the loudest arguments against greater transparency are likely to come from those friends, and understandably so.
However, it is the responsibility of every member of Congress to represent the interests of the people that sent them to Washington and find out what has been happening with our money. As the branch of government with the power of the purse, we really have no other reasonable choice when the economy is in the shape it is in.
The 1 dollar coins are available in bulk from the US mint in 250
and 500 dollar orders
http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?
catalogId=10001&storeId=10001&productId=14598&langId=-1&parent_category_rn=27238
Brazil and China eye plan to axe dollar
http://www.ft.com/cms/s/0/996b1af8-43ce-11de-a9be-00144feabdc0.html