How an Honest Money System Can Help America


". . .gold and/or silver. . .are both very important components in an honest money system葉hey instill trust."

Many who write about the precious metals field have put out their 2009 forecasts and predictions for the New Year. This writer is no exception. . .think about the current dire state of affairs in the economy and how an honest "money" system might help on an individual basis.

My mission statement is: "To teach and empower people to understand the benefits of an Honest Monetary System." Although the words gold and/or silver are not even mentioned in my mission statement, they are both very important components in an honest money system葉hey instill trust. And the lack of trust is the core issue of today's economic problems. Our banking institutions and well established investment firms do not trust each other, and the system is grinding down.

During the Christmas Holiday in 1913, Congress passed the Federal Reserve Act. Basically, Congress relinquished its constitutional power and duty to "coin Money and regulate the Value thereof" to a private banking cartel葉he Federal Reserve System.

That action was a blatant overthrow of The Coinage Act of 1792, which had been signed into law by President Washington and defined the "dollar" as a coin containing 371.25 grains (troy) of fine silver. This Coinage Act of 1792 established the monetary system the Founders had outlined in the Constitution.

We believe the Federal Reserve Bank should be abolished and the issuing power restored to the people through their representatives in the U.S. Congress with the stipulation that the U.S. dollar be backed by gold and silver.

So at a state level, people are beginning to realize that the system has failed them. And Idaho is not the only state; in fact Nevada and New Hampshire have tried in the past, and this week Senate Bill 453 was purportedly introduced by Greg Walker, a state senator from Indiana.

In conclusion, 2009 may turn out to be a year where one primary question is not so much who can we trust, but what can we trust?

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