Time: Fri Jul 04 18:18:49 1997
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Date: Fri, 04 Jul 1997 18:01:14 -0700
To: liberty-and-justice@pobox.com
From: Paul Andrew Mitchell [address in tool bar]
Subject: L&J: SLS: provisions for coining money
References: <3.0.2.16.19970704081608.30b7f97c@pop.primenet.com>
And when you pay for the newspaper
with your $20 gold coin, what then?
Are you prepared to carry ALL your
money in the form of gold and silver
coins? So, you stock up with $500
gold pieces in the morning; how
many coin will you have in your
pocket when you come home, assuming
you got change.
I maintain that people prefer paper
money, because it is lighter, by far.
/s/ Paul Mitchell
At 02:31 PM 7/4/97 -0400, you wrote:
>Totally weak arguments against coins below.
>
>As if we do not currently use coins and carry them around.
>Gold and even platinum coins can be VERY small and still worth
>a lot. How many $20 of paper moeny to you usually carry with you ?
>Do you realize how $20 of Gold at todays prices is ?
>
>Please at least use arguments that make even a little sense !
>
>>
>> The utter convenience of paper money is
>> going to be difficult to fight. If Congress
>> were to withdraw all paper money, and require
>> people to carry coins around in their pockets,
>> can you imagine the uproar? It would be viewed
>> as a move towards a cashless society, because
>> "cash" means "bucks".
>>
>> Metal detectors would be going off every 2
>> seconds in every airport in America.
>>
>> The key, imho, is to back the U.S. Notes with
>> gold or silver, on demand. This is called
>> fiduciary money, and it is quite well defined
>> in Vieira's essay "Return to Constitutional Money."
>> The banks will need to start stocking gold and
>> silver coins, in enough amounts to handle all
>> demand, over-the-counter.
>>
>> The real evil we are trying to prevent is the
>> creation of more debt, every time an FRN is
>> printed. This linkage -- new FRN means new bond
>> -- must be broken. Then we can start talking about
>> repudiating the massive $5+ trillion federal debt,
>> in a way that won't rock the markets.
>>
>> Admittedly, this is not entirely constitutional,
>> but it is moving back from where we do NOT want
>> to be, so it is an effort to create small
>> stepping stones away from an unconstitutional
>> monetary system. There is much to be said for
>> that.
>>
>> Don't forget. One of the functions of the IRS
>> is to stabilize the FRN. FRB pumps FRN's into
>> the economy, and IRS sucks them out of the economy.
>> Some would say that the IRS just sucks, and they
>> would be right, for more reasons than one!
>>
>> Two pumps, working in tandem. Remember?
>>
>> We may need a constitutional amendment to
>> permit redeemable U.S. Notes to be printed
>> by Congress. So be it. But, I would rather
>> have Congress regulating the value of U.S. Notes,
>> than to have the IRS regulating the value of FRN's
>> by force and fraud, as a mechanism absolutely
>> necessary to prevent hyper-inflation,
>> a la Germany just prior to WWII.
>>
>> If Congress botches the job, at least we can change
>> the composition of Congress. Our only option
>> right now is to abolish the IRS entirely,
>> because they are too hopelessly mired in fraud
>> and extortion to deserve another minute of life
>> in America.
>>
>> Those are my thoughts, anyway. These thoughts
>> are by way of developing a platform for monetary
>> reform, to be presented formally here on the
>> Internet.
>>
>> Stay tuned.
>>
>>
>> /s/ Paul Mitchell
>> http://www.supremelaw.com
>>
>>
>>
>>
>>
>>
>>
>> At 07:42 AM 7/4/97 -0700, you wrote:
>> >================[ Distributed Message ]================
>> > ListServer: fwolist (Free World Order)
>> > Type: Not Moderated
>> > Distributed on: 04-JUL-97, 07:41:54
>> >Original Written by: IN:Scott.Bergeson@m.cc.utah.edu.
>> >=======================================================
>> >
>> >
>> >On Fri, 4 Jul 1997 pmitch@primenet.com wrote:
>> >
>> >The closest to a grant of authority in the Constitution, not
>> >counting section 4 of the supposed "14th" Amendment, to the
>> >Congress to issue "paper money" is 1:8:6. If they can punish
>> >the counterfeiting of Securities of the United States, it implies
>> >authority to issue them. I am puzzled how you can argue against
>> >United States paper money, then call for replacement of FRNs
>> >with USNs. Explain, please?
>> >
>> >> If you regard the U.S. Constitution as a
>> >> grant of _enumerated_ powers, then it does
>> >> not authorize the United States to issue
>> >> paper money, particularly when that money
>> >> is not redeemable in gold or silver.
>> >
>> >> Think: AUTHORITY AUTHORITY AUTHORITY
>> >
>> >> Did the People grant to the United States
>> >> the authority to issue paper money?
>> >> I don't think so. It cannot even be
>> >> inferred, via the "implied powers" doctrine.
>> >
>> >> The sections dealing with the coining of
>> >> money, and restraining the several states,
>> >> should not be construed as a "grant" of
>> >> authority to the United States to issue
>> >> paper money. On the contrary, the absence
>> >> of such an authority is all you need to know.
>> >
>> >> The master of this subject is Dr. Edwin J. Vieira, Jr.
>> >> You MUST read his "Return to Constitutional Money,"
>> >> before you will be more than a bystander in this
>> >> important debate.
>> >
>> >> Congress MUST recall Federal Reserve Notes,
>> >> at par, and print enough U.S. Notes for the
>> >> recall to be effected within 12 months, say.
>> >> "At par" means "one-for-one," no prejudice.
>> >
>> >> U.S. Notes must be printed thereafter without
>> >> creating ANY bogus liens, evidenced by equally bogus
>> >> bonds which Congress sells to the Federal Reserve,
>> >> for 3 cents on the dollar.
>> >
>> >> What a RACKET!! It is time to stop this insanity.
>> >
>> >
>> >> /s/ Paul Mitchell
>> >> http://www.supremelaw.com
>> >
>> >
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>> >
>> >
>>
>> ========================================================================
>> Paul Andrew Mitchell : Counselor at Law, federal witness
>> B.A., Political Science, UCLA; M.S., Public Administration, U.C. Irvine
>>
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========================================================================
Paul Andrew Mitchell : Counselor at Law, federal witness
B.A., Political Science, UCLA; M.S., Public Administration, U.C. Irvine
tel: (520) 320-1514: machine; fax: (520) 320-1256: 24-hour/day-night
email: [address in tool bar] : using Eudora Pro 3.0.3 on 586 CPU
website: http://www.supremelaw.com : visit the Supreme Law Library now
ship to: c/o 2509 N. Campbell, #1776 : this is free speech, at its best
Tucson, Arizona state : state zone, not the federal zone
Postal Zone 85719/tdc : USPS delays first class w/o this
As agents of the Most High, we came here to establish justice. We shall
not leave, until our mission is accomplished and justice reigns eternal.
========================================================================
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