Ending the federal monopoly on money...better days ahead for the working class?

[WhiskeyGirl]

Ron Paul proposes 'currency competition' in bid to end federal monopoly on money

Rep. Ron Paul (R-Texas) on Tuesday said he would soon introduce the Free Competition in Currency Act, which would dismantle what he described as the federal government's self-proclaimed monopoly on legal tender in the U.S. and allow states and private enterprises to issue their own currency.

"The prospect of American citizens turning away from the dollar toward alternate currencies will provide the necessary impetus to the U.S. government to regain control of the dollar and halt its downward spiral," he said. "Restoring soundness to the dollar will remove the government's ability and incentive to inflate the currency, and keep us from launching unconstitutional wars that burden our economy to excess."

First, Paul said, legal tender laws need to be repealed. He said under current law, the federal government "purports to establish U.S. coins and currency, including Federal Reserve notes, as legal tender," even though the Constitution does not allow the government to declare a legal tender.

Second, he said, Congress must repeal laws that prohibit private mints, and third, federal laws imposing capital gains and sales taxes on gold and silver coins must be terminated.

read more here - http://thehill.com/blogs/floor-action/house/149881-ron-paul-proposes-currency-competition-in-bid-to-end-federal-monopoly-on-money

[WhiskeyGirl]

The replacement of gold and silver with debt-based paper money is nothing short of legalized theft by the banking community on behalf and at the behest of the federal government. That's what makes the comments of U.S. Attorney Anne Tompkins so appalling. Tompkins is the prosecutor who won a conviction against Von Nothaus for counterfeiting. Counterfeiting! Tompkins convinced a jury that replacing something of lesser value with something of greater value is counterfeiting. It's hard to imagine how someone who issues a coin that is created 100% from a material that actually retains its value over time could be convicted of "counterfeiting" a currency whose primary purpose is to debase itself and systematically steal from all people who are forced to use it. Yet, that's what has happened.

Tompkins issued a statement after the trial that defies reason and sanity and that demonstrates beyond doubt that the U.S. government's greatest enemy, in the government's view, are the same people the government claims to protect and serve. Tompkins said, "Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism. While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country," In other words, from her viewpoint, the real question of the trial wasn't whether the Norfed coins were intended to be counterfeits of the U.S. dollar. The real question, in her view, was whether those who advocate the use of gold and silver as money should be considered patriots or terrorists. In her view, honest people who want honest money that has honest value are terrorists.

Instead, she was talking about the fact that if the Norfed dollar were permitted by law to be used as a parallel currency in competition with the U.S. dollar, the marketplace would soon reduce the paper dollar to its true value: zero. That's why she views Norfed as counterfeiting and Von Nothaus as a terrorist. In her view, the Norfed dollar wouldn't undermine the U.S. dollar by diluting it. Rather, it would undermine the U.S. dollar by demonstrating in free market competition that the official U.S. dollar's true value is worthlessness, and she considers that possibility to be anti-American and those who support it to be terrorists.

read more here - http://www.nolanchart.com/article8466.html

[WhiskeyGirl]

Bernard von NotHaus, 67, minted Liberty Dollar coins in the value of $7 million dollars. The conviction concludes an investigation that was started in 2005.

"Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism," Anne Tompkins, U.S. Attorney for the Western District of North Carolina, said in a statement on Friday.

"NotHaus advocated that the silver medallions were inflation-proof alternatives to the American currency."

read more here - http://www.the33tv.com/sns-rt-usreport-us-crime-ctre72j46l-20110320,0,1948778.story