THIS PRESENTATION IS NOT MEANT TO DELVE INTO A

DISCUSSION OF AMERICA’S PRESENT MONEY SYSTEM,

OR ALL THE REASONS IT IS FAILING…

(BUT FAILING IT IS…AND FRAUDULENT IT IS!)

THIS IS AN APPEAL TO PATRIOTIC CITIZENS TO

CORRECT THAT FAILURE WHILE WE STILL CAN BY:

• RETURNING TO THE PROVEN HONEST SYSTEM

OUR FOUNDERS GAVE US, AND

• ENSURING ITS FUTURE FOR THE BENEFITS TO

OURSELVES AND OUR DESCENDANTS.1

ArizonaSoundMoneyAct.wordpress.com

HEALING THE HURTING ECONOMYWisely, Simply & Constitutionally

For Arizona

How to Stabilize the Value of the ‘Sinking’ DollarBy Making

GOLD AND SILVER LEGAL TENDER IN ARIZONA

AMERICA’S FOUNDERS EXONERATED

&MONEY MYTHS

DISPELLED!

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SINCE LEGISLATORS COVENANTED TO UPHOLD THE CONSTITUTIONS OF YOUR STATE AND NATION…

Let’s Review The Founders’ Intent About

What Constitutes Real Money…

PART ONE

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ARIZONA CONSTITUTION

ARTICLE II, SEC. 3

Supreme law of the land

“The Constitution of the United States is the supreme law of the land.”

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U.S. ConstitutionArticle 1, Sec. 8, Para. 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;”

we the people granted power• to coin money”• not to print it• CONTINENTAL paper “bills of credit” had already failed big!

we granted congress• no power to emit (issue) gold, silver, or paper• nor to operate mines• In the 1787 constitutional (Madison’s) debates, pp. 413-14, nearly all

Founders abhorred paper money, & deliberately erased & with-held that power from the new Congress!

IN PARA. 5 WE THE PEOPLE ONLY AUTHORIZE• an immovable standard for money by coining it• an immovable standard for weights & measures

BOTH OF THESE SECURE TO US OUR PROPERTY RIGHTS …

Simple! 5

America learns a hard lesson:

The phrase “not worth a continental”

• The market is devastated by the virtual failure in 1780 of

congress-issued “continental currency” (paper bills of

credit) flooding the market for the war

• to be redeemed later in Spanish silver dollars.

• But govt. couldn’t redeem so many, so the paper failed.

• However, merchants had Spanish milled silver dollars

(thalers) & other precious metal already in use! Thus the

U.S. economy struggled…BUT

survived!The same SIMPLE

principle can save us today against failing

federal reserve money!6

THE COLONIES WERE SAVED BY THE SPANISH- MILLED SILVER DOLLAR

(“THALER”)

LET’S REPEAT THAT...

• “Two bits, four bits, six bits, a dollar”

• Spanish ‘pieces of eight’

• “Dollar” is named twice in our 1787 U.S. Constitution 7

From 1780 on…

• Merchants fell back to precious metal for 80+ years until,

• The irredeemable paper “Greenback” (fiat money) was issued in

Feb.,1862 to fund the Civil War

Meanwhile, under Federal Government contract, private bank

paper “fiat” money fails twice:

• In 1811, when Congress doesn’t renew Hamilton’s charter of

First Bank of the United States

• In 1832 when President Andrew Jackson vetoed Congress’

renewal of the charter for the Second Bank of the United States.

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The Principle Of Organic Value In Buying Power:

The Founders knew the great historical truth of Stable

Money:

• It must be of universally intrinsic worth by itself

• Not subject to political manipulation by governments

• For several reasons gold / silver fit this historical truth

best.

Historical research told them that money is to be mined and issued by the people: a property right of men’s toil and industry; and – then having a certain value set once by govt. – to be controlled thereafter only by the demands of the free market. This is why Marxian socialists don’t want gold & silver as money.

For example:

The original American Dollar stable buying power

still rests upon

• What 371 ¼ grains of pure silver will buy

• Not upon the words “One Dollar” stamped or

printed on it!

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The Principle Of Organic Value In Buying Power:

Historical research told the Founders…

• Money is to be mined and issued by ‘We the People’

• Money is a property right of the People’s toil and industry

• The value of that money is set once by government

• The value is controlled thereafter only by the free market (supply vs. demand)

This is why Marxian socialists don’t want gold and silver as money…they want to manipulate the value for themselves.

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Meanwhile, on 13 May, 1785(BEFORE THE 1787 CONSTITUTION)

• The Continental Congress made the Spanish Thaler (“Dollar”) THE LAW OF THE LAND

• The buying power of all other coins

WAS BASED ON THE SPANISH SILVER DOLLAR

"[t]he Spanish dollar seems to fulfill all ...conditions fixing the unit of money.“

Thos. Jefferson, 24 July, 1784The Providence Gazette and County Journal

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NextThe new Congress enacted the

“Coinage Act of April 2, 1792”

Chapter XVI.--An Act establishing a Mint, and regulating the coins of the United States…

To “regulate the value thereof” by coining

our own U.S. Dollar* and other coins.

* “DOLLARS OR UNITS -- each to be of the value of

a Spanish Milled Dollar as the same is now current

and to contain three hundred and seventy-one

grains & four sixteenth parts of a grain of pure, or

four hundred and sixteen grains of standard silver.”

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THIS Coinage Act of 1792 ALSO

STANDARDIZED GOLD & LESSER COIN SO… CONSTITUTIONAL MONEY IS…

PRECIOUS METAL – NOT PAPER ( Bills of Credit )!

PRECIOUS METAL CURRENCY HAS BUYING STRENGTH THAT PAPER CURRENCY LACKS!

GOLD EAGLESILVER HALF-DIMES

SILVER DIMECOPPER PENNY

U.S. DOLLAR (SILVER)

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“No state shall…coin money; emit bills of Credit [redeemable paper notes]; make anything

but gold and silver Coin tender in payment of debts;”

THIS PART IS FAIRLY SELF-EXPLANATORY:

“AS FOR FIAT MONEY… [irredeemable paper by government order

such as Greenbacks & Federal Reserve Notes]

…THIS WAS SO ABHORRENT TO THE FOUNDERS

THEY DIDN’T EVEN DISCUSS IT!” (Dr. W. Cleon Skousen “The Making Of America” p. 423)

U.S. CONSTITUTION, ART. 1, SEC. 10, PARA. 1

X X

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WHAT THE CONSTITUTION DOES & DOES NOT SAY ABOUT EMITTING MONEY:

• The 10th Amendment states,

“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.” • ‘We the People’ HAVE NOT delegated to Congress the

power to emit;• ‘We the People’ wrote the Constitution of 1787 to deliberately

remove that power previously written in the Articles of Confederation of 1785;

• ‘We the People’ (U.S. Constitution) “prohibit ” States from coining and emitting redeemable paper Bills of Credit

• ‘We the People’ mandated States to allow only gold and silver as tender;

SOME CONSTITUTIONAL REASONING:

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ADDITIONAL CONSTITUTIONAL REASONING:

• Who has authority over the Federal Government?

• Where is any authority to the Federal Government to emit?

• Is an unconstitutional law a real law at all? • Who IS empowered to create / issue / emit

Constitutional gold & silver money?

• Why should the States retain power over the Federal Government (sovereignty)?

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WE THE PEOPLE

THE CENTRAL GOVERNMENT:

• CAN ONLY MINT COIN

• SET THE STANDARD: WEIGHTS AND MEASURES;

THE STATES:

• CANNOT MINT THEIR OWN COIN OR EMIT THEIR OWN BILLS

• MUST DECLARE ONLY GOLD & SILVER COIN AS LEGAL TENDER;

WE THE PEOPLE: (Our competitive, self-policing free market)

• ESTABLISH MINES, EMIT PRECIOUS METALS FOR MINTING!

NOTHING IN THE CONSTITUTION PROHIBITS THE PEOPLE!

"Agriculture, manufacture, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise." - Thomas Jefferson

THIS IS THE MIRACLE OF THE FREE MARKET

THE FOUNDERS GAVE US!

It’s a property right! 17

“Unless the Federal Government happens to have gold and silver mines, where does the coinage come from? It comes from the free market through some minter. And the system of minting which you find in the Mint Act of 1792 is what was called “free coinage.”

“The Mint was open to all the gold and silver that might be brought from the market place. And it would cost that individual who had brought that gold and silver nothing to have it converted into coinage. They were essentially treating coinage as a public utility…

“Basically the government’s role was to mint gold and silver; and, by putting a stamp on those coins as defined in this statute, to certify what the weight of the gold or silver was in the official coins that were coming out of the Mint. Period. End of discussion.”

(Dr. Edwin Vieira Jr., PhD --Constitutional Attorney,presentation, What is Constitutional Money?

‘COINING POWER’ IS NOT A LICENSE FOR THE FED TO EMIT COIN OR PAPER

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IN THE VERY LIKELY CASE…that Washington DC

• REFUSES to obey the Constitution today in their moral duty to coin sufficient market-generated gold and silver

• REFUSES to let us exchange large amounts of Federal Reserve Notes for existing gold & silver…

THE POWER TO DO SO IS CONSTITUTIONALLY

“reserved ….. to the people” TO EMIT – through PRIVATE mines and mints, using the U.S. standard.

PART TWO: “But what about our money TODAY?”

BUT ‘We the People’ ARE NOW IN GRAVE DANGER UNDER NATIONAL “LAWS” PROHIBITING States from doing so!

UNTIL AND UNLESS THE STATES MAKE LAWS PROTECTING THEMSELVES CONSTITUTIONALLY…AS DID UTAH! (HB317)

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Arizona state “Umbrella

Law” protecting citizens

from federal prosecution in

our Natural Right to freely

mine, mint and use gold &

silver tender to protect

against the Federal Reserve

System failure.

PERMANENT-POSITION

OPEN FOR THE RIGHT LAW

HELP WANTED--FULL TIME--ASAP

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Utah State Rep. Brad Galvez, prime sponsor of Utah’s Sound Money Acts HB 317 & HB157

“This is a step in preparedness, a step in security that allows us to be able to help hold up our economy as the dollar continues to shrink.”

Fortunately, other lawmakers have already begun this effort for their states!

Utah passed HB 317 in 2011 and HB157 in 2012: “Sound Money Acts”.

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“Those who would cavalierly shun the time-tested monetary system the framer's gave us in favor of clinging to the failed policies of the status quo, remind me of those who time and again rejected plans to reinforce New Orleans' levees. Had they exercised a bit more foresight, one of the greatest catastrophes in American history might easily have been averted.”

--Larry Hilton: primary advocate of HB317 & HB157

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“To me, providing a Sound Money option for Utahns just makes sense!”

Since 2005 and Besides Utah, Many State Legislatures Have Drafted Gold & Silver Money Bills…

Arizona Colorado Georgia Idaho Indiana Iowa Minnesota Missouri Montana New Hampshire South Carolina Tennessee Virginia Washington

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OPTIONAL ELEMENTS:

Gold & Silver (Specie) Sound Money Clauses

VOLUNTARY: No one is forced to use specie.CONSTITUTIONAL PROTECTION For ‘We the People’ to mine, mint & use specie as tender; create specie depositories with convenient electronic card and draft capabilities, etc.STATE REMOVES TAXATION: NO capital gains, property taxes, etc. on specie money.DEPOSITORIES MUST BE 100% RESERVE!(No fractional reserve banking) FULL RESERVE will be economic strength for the State & the People!AN OFFICE IN THE STATE REVENUE DEPARTMENTTo handle & simplify legitimate property & sales taxes, etc. paid in gold/silver/copper, which do not lose value. 24

Myth: Congress is Constitutionally empowered to

authorize the Federal Reserve to emit

– by printing press

– irredeemable Federal Reserve Notes—FRNs

—with interest

to ‘We the People’.

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REALITY:

• Since the birth of the Federal Reserve System in 1913 – these fiat notes-from-nowhere have lost virtually 100% of buying power!

• Since the 1700s & for millenia, Gold and Silver have kept

virtually the same buying power!*

What a benefit! Restoring the Founders’ assurance to Arizona citizens! Arizona citizens’ hopes realized:

• secure private savings & State funds that don’t lose buying power

• vigorous markets & industries based on security

• family future & inheritance, etc. based on security

*(see next two frames) 26

ArizonaSoundMoneyAct.wordpress.com

Solid lines: from Mint Act of 1792, Dollar backed by Gold.

Dotted: Dollar NOT backed by Gold (War of 1812, Civil War, WW1 & 2)

When Gold was ABANDONED in 1971, the loss of buying power sped up, for total loss of 92%!

(Chart by American Inst. For Economic Research,

from Wholesale Price Indexby Bureau of Labor Statistics.) 27

This illustration shows the appraisal value of the SAME HOUSE every 25 years from 1957 to 2007. The value of the house is shown in Federal Reserve Dollars, silver Dollars, & cartons of brown eggs.

The price of the house in brown eggs & silver holds steady, but when measured in failed buying power of FRNs, shows a 28% taxable false "gain" of $161,000, so you pay 45,080 sale tax (before expenses)! THE FOUNDERS WERE RIGHT! WE ‘VE BEEN CLINGING TO A FAILED SYSTEM!

Utah Precious Metals Association 2013 (upma.org) 888-210-8488

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PART THREE OUR TRUE, REALISTIC ALTERNATIVES:1. Maintain status quo of inflationary policies

• Using “Keynesian Economics” fixes, until the failing fiat FRN is despised everywhere, then join another fiat paper system made ready for us (globally).*

2. Or, re-enforce the levees against a financial ‘Katrina Catastrophe’• by protecting Arizonans in voluntarily returning to

the Founders’ gold and silver legal tender NOW and leave wealth to our descendants!

*On the next 7 slides:High level people & institutions have long planned a global monetary system for a financially crippled U.S. to join unconstitutionally. This need not be our next step, IF WE RETURN TO CONSTITUTIONAL SPECIE--PRACTICAL PRECIOUS METAL!

“If all else fails, follow instructions.” 29

 

"A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency. The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency.”

("United Nations World Economic and Social Survey 2010”, p. XXII)

“A global currency, Bancor, issued by a global central bank would be designed as a stable store of value…but in a dominant role in place of the U.S. dollar…”

(International Monetary Fund (IMF), “Reserve Accumulation & International Monetary Stability,” p. 27-28, as suggested by John

Maynard [Lord] Keynes in 1919.)

IF WE Maintain the Status Quo of Inflationary Policies?

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Maintain Status Quo of Inflationary Policies?“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

(John Maynard [Lord] Keynes, early proponent of the world paper currency, the “Bancor”, in his

The Economic Consequences of the Peace, 1919. pp. 235-236.)

“World money, with a world central bank, seems a next logical step…”

(The late Robert Bartley, famed Wall Street Journal (WSJ) editor emeritus, globalist & Council on Foreign Relations (CFR) member,

01/30/2003 WSJ Thinking Things Over.CFR LOGO

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Maintain Status Quo of Inflationary Policies

“The IMF is issuing its own paper currency, &, like all fiat currencies, it’s backed by nothing. In terms of paper currency, a leveraged balance sheet, and the creation of liquidity out of thin air, the IMF is clearly the way they’re going because, as I said, they’ve already done it.…”

(Ibid.) in Alex Newman interview: The New American 15 Sep. 2010)

“Now the IMF is positioned to — in effect, and I think this is the plan — to become a global central bank which can issue its own currency called SDRs…”

(James RickardsSenior Managing Director for Market Intelligence,

Omnis,(a leading international consulting firm.)

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Maintain Status Quo of Inflationary Policies

“A global economy needs a global currency.”

(Widely attributed to Paul Volker, CFR Sr. Member & Pres. Obama’s “Economic Recovery Advisory Board” Chairman.)

“The world elite are on a mission. Their plan to impose a global fiat monetary regime on humanity is well under way. And if serious resistance is not mounted soon, the new world monetary order could be just around the corner.”

(Alex Newman, The New American 15, Sep. ’10)

CFR LOGO

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Maintain Status Quo of Inflationary Policies

“Countries should abandon monetary nationalism. Economic development outside the process of globalism is no longer possible.”

(Benn Steil, Director: International Economics at the CFR,in CFR’s FOREIGN AFFAIRS for May/June 2007,

“End of National Currency.”)

“The creation of an international currency unit, based on the Keynesian proposal, is a bold initiative that requires extraordinary political vision & courage.”

(Communist Chinese Central Bank boss Zhou Xiaochuan, published 23 Mar 2009)

CFR

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CFR

“In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”

The Telegraph: 03 Apr 2009 report on the G-20 Summit

Amero Logo

The “alleged” Amero? “In the long term the Amero is in the best interests of all three [NAFTA] countries.”

(Toward a North American Community p. 115.

By Dr. Robert Pastor of CFR’s “Task Force On The Future Of North America”; advisor to ASU’s NACTS Dept.)

Maintain Status Quo of Inflationary Policies

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“The ‘DEY’ [Dollar, Euro, Yen] could then become the platform on which to build a global currency, which I shall call the INTOR.”

(Columbia economics Prof. Robert Mundell,“Father of the Euro”, and key advisor to Communist China;

in his 2005 speech The Case for a World Currency.)

Maintain Status Quo of Inflationary Policies

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Re-enforce the Storm Levees!Gradually Re-establish Gold & Silver (specie)

Constitutional Money

This CAN BE DONE

• By the Several States legally recognizing specie as legal tender (as does the U.S. Constitution)

• This protects those from federal prosecution who voluntarily use specie legal tender as a complimentary legal tender to FRNs

• Allows the world's fiat currencies to run their natural course of self-destruction.

• Allows the marketplace to freely circulate sound money without federal prosecution, regulation, taxation, or tampering. 37

ArizonaSoundMoneyAct.wordpress.comTHE SOLUTION:

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