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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Last Updated on 04/23/98 by Darren Perkins 