Citizen Control of U.S. Currency
Money, issued in such a way, would derive its
value in exchange from the fact that it had come from the highest
legal source in the nation and would be declared legal to pay all
public and private debts.
Issued by a sovereign nation, not in danger of collapse, it would need no gold
or silver or other so-called "precious" metals to back it.
As history shows, the stability and responsibility of government issuing it
is the deciding factor in the acceptance of that government's currency--not
gold, silver, or iron buried in some hole in the ground. Proof is America's
currency today. Our gold and silver is practically gone, but our currency is
accepted. But if the government was about to collapse our currency would be
worthless.
Under the present system, the extra burden of interest forces workers and businesses
to demand more money for the work and goods to pay their ever increasing debts
and taxes. This increase in prices and wages is called "inflation." Bankers,
politicians and "economists" blame it on everything but the real
cause, which is the interest levied on money and debt by the Bankers.
This "inflation" benefits the money-lenders, since it wipes out savings
of one generation so they can not finance or help the next generation, who
must then borrow from the money-lenders and pay a large part of their life's
labor to the usurer.
With an adequate supply of interest-free money, little borrowing would be required
and prices would be established by people and goods, not by debts and usury.
Citizen control
If the Congress failed to act, or acted wrongly
in the supply of money, the citizens would use the ballot or recall
petitions to replace those who prevented correct action with others
whom the people believe would pursue a better money policy. Since
the creation of money and its issuance in sufficient quantity would
be one of the few functions of Congress, the voter could decide on
a candidate by his stand on money and other legitimate functions
of the Federal government, instead of the diversionary issues which
are presented to us today. All other problems, except the nation's
defense, would be taken care of in the State, County, or City governments
where they are best handled and most easily corrected.
An adequate national defense would be provided by the same citizen- controlled
Congress, and there would be no bankers behind the scenes, bribing politicians
to spend billions of dollars on overseas military adventures which ultimately
serve the schemes of international finance.
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