by Gunnery Sergeant John McClain, USMC, Retired
Throughout history, gold and silver have been the principle metals put to use as money because they are rare, have what could almost be called a “magical or magnetic” attraction to man in their raw beauty, and this has been common where ever the metals are to be found. Other metals, copper, bronze, iron, even stone have also been used, and their intrinsic value is in the least, a measure of labor to turn ore into shiny metal, and the labor and time it takes to accomplish this.
We have been using paper money, originally representing silver and gold, for its ease in carrying, enabled by a stable society allowing storage of the real money. The providing security of mind knowing the paper is exchangeable upon demand providing the only value that the paper can carry.
When our founders dealt with this issue, in establishing our Constitution, they good reason to establish gold and silver as our “money” as every Nation or empire which has risen, has fallen when it outspent its productivity, and started debasing its money, something more difficult to do with commodity based money.
In the first century of our Nation we had unprecedented growth, very much as the founders anticipated, due to the free nature of our trade, and having The People Sovereign, and eliminating an aristocracy which every other nation had controlling all aspects of work, trade, money, and in this control, siphoning off an “aristocratic portion”, the majority of profit, having put nothing in, and essentially taking it because they had the power to do so.
In providing an unprecedented market to buy from others and an unprecedented market selling goods, with the value established by the owners by their own standards, without the enormous loss cost by an upper class stealing the cream off the top our growth was enormous, our trade enhanced that of all nations we traded with, and their growth was substantially improved by our own.
There has always been a use for script, paper representation of money, because those in business often purchase large things, land, machines, buildings, and transferring mass metal for such transactions is difficult and dangerous. The call for paper money is reasonable.
In establishing the Federal Reserve in 1913, the legal purpose for this was to make trade and financial transactions simpler, with the paper representing the real gold and silver held in “reserve”, with paper money printed only to the extent there was gold and silver held. The very real risks opened by paper money were largely ignored, and only in the latest years have they been abused enough to make immediate and noticeable changes to every aspect of our use of money.
We have reached a point in our Nation’s existence where almost no one alive has actually transacted in business with real money, and since this time, substantial devaluing of our money has taken place, to the point our dollar is now about 2% of its established value.
At the same time, we have government which acknowledges no law as controlling it, and has chosen to alter the form of our nation from the republic as established to a “social democracy”, where the wealth brought into existence by ingenuity and hard work, is considered legitimate for those in government to take in ever increasing percentages, and “spread the wealth” among those who will not work.
We are at a point where we must either secure our money once again, with an established value, and end deficit spending, and pay off our debt, the interest of which eats almost have of government revenue, or we will shortly find our failure to do so has allowed our very nation, as an asset, to be at risk for “foreclosure”.
The American People were well served with our established monetary system until the Federal Reserve was put in place to automate the deliberate inflation. From that point on, reaching this point we are at was inevitable. All debate is pointless, since our debts are real, they cost us almost half tax revenue just to service the interest, and failing to end deficit spending, and paying off our debt will allow those we owe to come in to the Nation they own a substantial part, and demand either full payment, or transfer of Sovereignty of equal value, and thus assume control of our Country.
We are here in a large part because a great many people, who are powerful in America, as well as all over the world, wish to see one world government, and the founding principles of our Nation stand dead in the way. This debt is seen by many as the means of breaking the principles of our Government which deny any rightful existence of world government, and thus it is to their benefit if we simply do nothing.
If we allow a world government to come about through failure to uphold our principles, no nation will ever be sovereign again while it exists. In doing so, we relinquish all consideration of “natural rights”, self evident truths, and every bit of principle we established for the world in our Declaration of Independence, and its declarations regarding man and his rational relationship with government.
Copyright February 2012 by Gulf1