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Booshway
Picture of Will Ghormley
posted
Some have argued the American Revolution was as much about economics as it was about Liberty. The two go hand-in-hand, so it would be difficult to separate them. However, it merits some attention. The Colonies had long been the opportunity for the common man to make a life for himself. He could work as hard as he was willing, and build a life and financial security for himself and his family. However, merchants with trading charters with England, and the Crown itself, with such acts as the Currency Act in 1764, continually tightened the noose on free-enterprise. The wealth and industry of the colonists was being systematically harvested and deported to Europe. Most of the wealth of the fledgling Americas was going to pay off national debt owed to large and powerful bankers. The Crown raised taxes to cover its war debt, and charter merchants choked out competitors. The "American Dream" became more difficult to realize. This frustration boiled over into action, and the American Revolution slowly spilled over engulfing the land.

The role the banking industry played in bringing about the revolution wasn't lost on our Founders.

Thomas Jefferson
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."

This was accomplished, and set out in the Constitution in Article 1, Section 8, Clause 5: The Congress shall have power...to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.

States were exempted from coining their own money, but they were also prohibited from using anything other than gold and silver as a standard. This was established in the Constitution in Article 1, Section 8, Clause 1: No state shall...coin money, emit bills of credit, make any thing but gold and silver coin a tender in payment of debt.

Even though the Constitution gives the Federal Government the authority to coin money, the Constitution prohibits the Federal Government from using anything other than gold and silver as the standard for paying debt. This is covered in the 9th and 10th Amendments to the Constitution.

Amendment IX
The enumeration in the Constitution of certain rights shall not be construed to deny or disparage others retained by the people.

The people retain all rights not specifically given to the Federal Government or individual States by the Constitution. They may not be specified, but if they are not denied or allocated to the Federal or State Governments by the Constitution, they still belong to the people. The people have the Constitutional right for gold and silver coin.

Amendment X
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

The States are required by the Constitution to recognize only gold and silver currency. This is a Constitutional requirement of each State. The Federal Government is denied authority by the Constitution to require anything different from individual States by the 10th Amendment.

The Federal Government coined their own money and set the value of it. As long as the young United States had its own precious metals currency, the international banking industry was limited. They were told by the United States what the United States currency was worth, and what the banks were going to be paid to cover the young nation's debt. This did not set well with the international banking industry. They had become accustom to reaping the wealth of American industry and effort. The vast resources offered by the United States, and the industry of our uniquely motivated citizenry, was a plumb too big to go unpicked.

The international banking industry made great inroads through politicians who shared their view, if not of international financing, at least of personal wealth. In 1836, the United States was once again threatened with takeover by international bankers with the Bank Bill of 1836. President Andrew Jackson vetoed the bill and had this to say.

President Andrew Jackson
"If Congress has the right [it doesn't] to issue paper money [not backed by an equivalent value of gold or silver], it was given to them to be used by...[the people] and not to be delegated to individuals or corporations."

James Madison said, "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." This understanding of the destructive nature of turning national currency over to private individuals served our nation well in the first half of our history. However, the international banking interests are relentless.

It wasn't till 1913 that the international banking system would finally get the break they had been working towards. Congress once again passed a bill that would strip our government of its own financial accountability, and turn it over to private individuals. Except this time, there was no Ol' Hickory to stop them. President Woodrow Wilson signed the Federal Reserve Act into "law". Article 1, Section 8, Clause 5 of the Constitution gave Congress the power to coin money, it did not give Congress the power to turn that responsibility over to private individuals.

The financial future of every American citizen was turned over to the control of 12 privately held banks. By "law", the Federal Reserve Act made it impossible for individual citizens to find out who the Class A Investors, (owners), of these privately held banks are. By "law", the Federal Reserve Act excluded the Federal Reserve Banks from oversight by Congress, the President, or the American Citizens. They are completely unaccountable to any outside control, and effectively enslave the entire tax-paying population of the United States.

In 1913, the gold and silver backed U.S. Dollar was worth, well...a dollar. In the 99 years the Federal Reserve Banks have controlled our financial destiny, that same dollar is worth 3 cents today. By the Federal Reserve Board's own information, it costs 5.2 cents to print every dollar. Every time a dollar rolls of the FRB's presses, the American Citizen goes another 2.2 cents into debt. The FRB plans on spending $747 million tax-payer dollars printing new currency in 2012.

Once again, international bankers controlling national debt have succeeded in mining America of its vast resources and the industry of our motivated Citizens. This is why the middle class is quickly and quietly slipping away. This is why the poor are feeling increasing financial pressure. This is why the rich are getting richer while everyone else is being sucked dry. The natural wealth of our mighty nation, and the personal efforts of our industrious Citizens, is being siphoned off to feed the international banking system.

Will

This message has been edited. Last edited by: Will Ghormley,


"When Liberty is illegal, only outlaws will be free." Will Ghormley

In 1913, the gold and silver backed dollar was worth a dollar. Today, that same greenback is worth 3 cents. In just under 100 years, the Federal Reserve Bank has made the dollar virtually worthless. Will Ghormley

"Exploit your strengths. Compensate for your weaknesses." Will Ghormley
 
Posts: 657 | Location: Ankeny, Iowa | Registered: 28 January 2009Reply With QuoteReport This Post
Factor
Picture of Hanshi
posted Hide Post
Excellent post. Liberty is an idea that never had a chance to truly flower.


*Young guys should hang out with old guys; old guys know stuff.*
 
Posts: 3469 | Location: Maine (by way of Georgia then Va.) | Registered: 26 January 2009Reply With QuoteReport This Post
Free Trapper
Picture of Talltree
posted Hide Post
Will,
You speak the truth.

What is a sad situation is that the average American citizen does not even understand nor believe in what our country now stands for. Those people are more concerned with obtaining their 3 cent dollar than holding those who are to blame. I just hope those who read your postings, read carefully and comprehend to what is being said.

Talltree

Keep your tail high and dry!
 
Posts: 173 | Location: Oregon Territory | Registered: 11 June 2008Reply With QuoteReport This Post
Booshway
Picture of Will Ghormley
posted Hide Post
Well, if folks read this thread, they will be better informed. But, this is what Henry Ford had to say about being informed.

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford

Will


"When Liberty is illegal, only outlaws will be free." Will Ghormley

In 1913, the gold and silver backed dollar was worth a dollar. Today, that same greenback is worth 3 cents. In just under 100 years, the Federal Reserve Bank has made the dollar virtually worthless. Will Ghormley

"Exploit your strengths. Compensate for your weaknesses." Will Ghormley
 
Posts: 657 | Location: Ankeny, Iowa | Registered: 28 January 2009Reply With QuoteReport This Post
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