FRN NEWSLETTER

1359 Chandler Ave., Lincoln Park, MI. USA,48146-2009

Office: 313.294.0579, Blackberry: 734.775.2267, E-mail: chrisdardzinski@yahoo.com

WE invite ALL to visit our website: www.freewebs.com/frnnewsletter/

Contact: Christopher J. Dardzinski, Publisher & Political Consultant

“If you are reading this, then you are the movement”

09.13.2009

“Words from the Several States” The Movement, part 013

Money! Those little pieces of paper and coin we use for commerce big and small.

Back to the egg folks, as this new column dives head first into what FRN Newsletter does best; finding new and more enlightening ways of describing the perils of debt based currency.

It occurs to me that I have never done a historical bullet point presentation of how fiat money changed America, and put us on the road to serfdom.

Here you go my thoughtful readers, the perfect bunny trail you can send to all your friends and shove in the face of an elitist main-stream media:

• Thursday, August 16th, 1787. In my analysis the single most important day of the federal convention and the framing, debating and voting, that would be the Constitution of the United States. The day the infant states voted a 9 to 2 majority to strike the words “Emit bills of credit.” When, as a nation you decide that your money will not be worthless pieces of paper notes, backed by nothing more than a promise, you have decided that your money must be backed by something of value. Gold and Silver were the two precious metals we used all the way up to 1974. If anyone in the media needs to fact check my column, then you should go right to the source material, “Journal of the federal convention kept by James Madison.” Pages 542 and 543 as a point of fact. I re-read that section of Madison's journal from time to time, just to inspire myself to keep plugging away. The founding fathers really did understand that debt-based worthless “fiat money” was the root cause of inflation. They understood that such a monetary system would lead America down the road to eventual bankruptcy, if ever employed. The founding fathers understood the history of humanity, and voted to start our nation off with an honest money system, backed by gold and silver.

• A quick note on the relative size and power of America's federal government from 1787 to 1918. Our federal government was small and seen as weak, as compared to much larger governments around the world. You could have a handful of businessmen and bankers dominate and control practically every facet of the small federal government. Unlike today, where the federal government is so large (1/5 of our GDP) and it controls nearly everything.

• The marriage of American banking and the political establishment un-officially began in. November of 1910. An assistant secretary of the treasury, a powerful Senator, four representatives of America's largest banks and one agent from a German investment house. These seven men laid down the framework for what would become the world's most powerful central bank, capable of creating debt-based money at a whim, having the full authority of the federal government and fully independent of the federal government. A private banking cartel with government power, known today as the Federal Reserve System. The goal was to protect and keep power within a select few money-center banks, to create debt-based money as needed, to purchase Treasury notes and finance a growing federal government's debt and manage the global banking system.

• December 23, 1913 at 6:02pm, a thoughtful but unsuspecting President Wilson signs the federal reserve act into law. In February of 1914, the very first “Federal Reserve Notes” are printed and added to the money system. At this very moment began the war between U.S. Notes backed by gold/silver and federal reserve notes that were backed by faith in the federal government and nothing more. They were pure inflation in 1914, they were pure inflation in 1974 when they destroyed our gold standard, they remain inflationary today, as we spiral out of control.

• 1933 – 1935. Glass-Steigel is passed, separating regulation duties by type of bank. Investment houses go largely unregulated.

• 1969, Gold is devalued from $35/ounce to $42/ounce. This was due to collective inflationary effects of a growing federal government debt, deficit and general size of government. Inflation in general, caused by worthless federal reserve notes, was starting to crowd out gold/silver backed U.S. Dollars.

• 1973 – 1974, President Nixon takes America off the gold standard and to a global system of fluctuating currencies and interest rates. China is the only major power that still bench marks it's currency and does not play along with fluctuating rates.

• 1974 – 1983, in the span of one decade, COLA goes up nearly 50% due to inflation from the sole use of federal reserve notes in the U.S. Marketplace. Life-styles change completely as house holds move from a single wage being enough, to needing two incomes for a family, or even just couples. Let alone how single home owners get hit. Inflation has changed our very lives, and not for the better. Working/Middle class Americans are getting crushed by inflation and I want us all to rise up and stop it.

• 1981, total federal debt of the government, $986 Billion. If the federal budget had been indexed to grow at the rate of inflation from 1982 to 1991, through economic growth alone, we could've paid off the entire federal government's debt by 1992. We could've done this and secured America's freedom and growth for the next 50 years. It also would have allowed us to return to a gold/silver standard under far more pleasant banking conditions. But the federal government's leadership did not do this, in fact we started spending on a scale unheard of in the history of humanity.

• From 1982 to 2009 we have racked up $10.7 Trillion in new federal government debt. That is 11 times the amount of debt we racked up from 1787 to 1981. The majority of this government dent was merely wealth transfer from the working/middle-class wallet to the government, to programs slated to benefit the poor. Yet poverty is worse and more pronounced today, than in 1981. Behind every bit of our current $11.7 Trillion debt, are worthless federal reserve notes.

• 2009. The federal government will spend $1.8 Trillion more than it will take in. The single largest deficit ever.

Most economists either don't know, or will not admit that you stop debt creation and finance by employing two measures. One obviously, is that the federal government balance their budget. A hard task, but one that will benefit us individuals, through less taxation, more private sector job growth and a stronger banking system. Two, we must go back to the solid, honest and realistic monetary system of a Constitutionally required gold/silver standard. It is the only way to stop inflation. It is the only free market based money system that has ever worked throughout all of human history. The very moment any nation or empire decides to use debt-based currency, you are dooming the working class into eventual poverty. Human history does not lie.

Think about it. In 1972 a single wage earner could support an entire household. If you were a single person back then, working a decent job, you could pay all your bills with two pay checks a month, and the other two you could save, spend or do both.

Now, a mere 36 years later, inflation through a lack of a gold standard, has pushed the majority of the working/middle classes into a “pay check to pay check” life style. Nobody saves money, as we spend almost everything just to survive.

The fact is, when you adjust wages for inflation, most workers are making less than they were 25 years ago. All of this is due to inflation, the insanity of federal government spending and excessive taxation.

Last week Professor and noted Economist Walter Williams was a guest host for Rusk Limbaugh. Which is always a treat for economic analysts like me, to hear one of the world's leading economists discuss the federal reserve banks and debt-based currency. Dr. Williams has always been a source of inspiration and a consistent party for me to check my premises against. I figure if the economic analysis I am laying out for people, is within the ballpark of Dr. Williams, then I am on very safe ground.

Sp I use that and these bullet points on debt-based currency, to rally once again, all of you to take notice of this giant impediment to our constitution and our economic freedom.

I am glad to see people attending these grass root town halls and organizing the tea parties. As I mentioned in my previous movement writing, this level of citizen participation would make the founding fathers happy. I suggest that one of our next great issues to solve, is that of fiat money, and return America to an honest gold/silver standard.

I have enclosed the FRN petition signature page, as I always will. The only way we will ever see the insanity of inflation stopped, is by citizens just like us, grabbing the bull by the horns and forcing Congress and the White House to obey the Constitution. There is no other rational or realistic way to make it happen, then for everyone to get four signatures and mail them in. Pass it along, lets use the power of the Internet to our advantage.

If you are reading this, then you are the movement.

Cut/Past below onto a word doc, get those signatures and mail it in.  

Name _________________________________________________

Address _______________________________________________________________

Signature________________________________________ Date ________________

Name _________________________________________________

Address _______________________________________________________________

Signature ________________________________________ Date ________________

Name _________________________________________________

Address _______________________________________________________________

Signature ________________________________________ Date _________________

Name __________________________________________________

Address ________________________________________________________________

Signature ________________________________________ Date ________________

Name ____________________________________________________

Address ________________________________________________________________

Signature ______________________________________ Date___________________