Time: Thu Dec 04 10:58:10 1997
To: rot@camalott.com
From: Paul Andrew Mitchell [address in tool bar]
Subject: SLF: No more bailouts: My program for economic recovery.
Cc: 
Bcc: 
References: 

These are privately owned mines, yes?

/s/ Paul Mitchell,
Candidate for Congress
http://supremelaw.com


At 08:12 AM 12/4/97 -0600, you wrote:
>Hi Paul,     I don't know if you are aware of it but there are a bunch of
>gold mines in Colorado that are just sitting there waiting to be used.  I
>talked to a miner there and he told me that there just isn't enough demand
>to mine it and they would love to reopen them and put the out of work miners
>back to work.
>
>mb
>
>
>
>At 10:50 AM 12/3/97 -0800, you wrote:
>>My answer, in part, to the objections raised here
>>is this:
>>
>>1.  gold bullion has been stolen by the families
>>    of the Federal Reserve Banks;  it remains
>>    scarce and expensive to mine;  and it might also
>>    require direct military action to recover;
>>
>>2.  silver, on the other hand, has not been stolen
>>    by the families of the Federal Reserve Banks,
>>    and is plentiful in raw deposits concentrated
>>    in places like Nevada;  Congress should issue
>>    contracts, via the U.S. Mint, to begin bulk
>>    purchases/mining of these raw silver deposits;
>>
>>3.  the guidance of monetary experts like Edwin J. Vieira
>>    will be valuable during this transition, e.g.,
>>    to monetize all silver and gold coins, regardless
>>    of the issuing country, via regulations published
>>    in the Federal Register;
>>
>>4.  recalling FRN's is as much a symbolic gesture,
>>    as anything else;  I feel it would be more appropriate
>>    to legislate whatever changes are necessary to
>>    redeem U.S. Notes, but to remove FRN's from circulation,
>>    due to the fraudulent nature of the FRB;  FRB never
>>    redeemed FRN's anyway, even when they were redeemable!
>>
>>5.  the creation of FRN's is directly tied to increases
>>    in the federal debt ceiling;  there is no such 
>>    connection between U.S. Notes and the debt ceiling,
>>    to my knowledge;  FRN's would be credited to the FRB,
>>    to offset the debt, but they would not be convertible
>>    by the FRB;  they would be burned by the U.S. Mint;
>>
>>6.  we are contemplating a transition period of 3 years,
>>    maximum, in order to coordinate all necessary changes;
>>
>>7.  the objective, of course, is to restore a constitutional
>>    money system, which anticipates that all paper money
>>    will be at least fiduciary, and all coins will be
>>    gold or silver (no clad or debased currencies, period);
>>
>>8.  the biggest problem we must solve is the inevitable
>>    upward pressure on economic prices, as soon as
>>    withholding is stopped on the compensation of 
>>    all federal employees;  the silver bonds are an
>>    elastic mechanism to keep prices down, during the
>>    transition.  Nobody else has a feasible solution to
>>    this particular problem;
>>
>>9.  to help stabilize this transition, I would also 
>>    issue legislation expressly prohibiting all banks from
>>    honoring any IRS Notices of Levy without a court-ordered
>>    Warrant of Distraint, pursuant to U.S. v. O'Dell and
>>    to the Fifth Amendment guarantee of due process of law;
>>    a one million dollar fine would be imposed on each bank
>>    violation of this prohibition;
>>
>>10. Title 28 would be amended to prohibit judges from 
>>    presiding on any federal cases, immediately, until and 
>>    unless their W-4's were formally rescinded, pursuant to
>>    Article III, Section 1;  this rescission would 
>>    be mandatory, not voluntary, and criminal penalties
>>    would attach to their failure to do so.
>>
>>
>>See "Return to Constitutional Money" in the Supreme Law Library,
>>for essential historical background on these problems.
>>
>>Thank you.
>>
>>/s/ Paul Mitchell,
>>Candidate for Congress
>>http://supremelaw.com
>>
>>
>>At 09:26 AM 12/3/97 -0700, you wrote:
>>>On Tue, 2 Dec 1997, Paul Andrew Mitchell wrote:
>>>
>>>> Dear Doug,
>>>
>>>> Here is my program:
>>>[snip]
>>>> #3: anticipate increased upward pressure on prices,
>>>>     by issuing silver bonds from the United States Treasury,
>>>>     in 1-, 2-, and 3-year maturities @ above-market
>>>>     rates;  encourage public agencies to buy these bonds;
>>>>     authorize U.S. Mint to begin bulk silver purchases,
>>>>     and accelerated minting of solid silver coins;
>>>
>>>> #4: recall all Federal Reserve Notes ("FRN's") within 3 years,
>>>>     and issue regulations for all FDIC-insured banks to comply
>>>>     over-the-counter, at teller windows (target: 1/1/2001);
>>>
>>>> #5: begin printing U.S. Notes in sufficient quantities,
>>>>     to replace all FRN's, one-for-one, using "bearer bond"
>>>>     rules, i.e., no I.D. or Cash Transaction Reports required;
>>>>     U.S. Notes will be an interim measure, to be replaced
>>>>     after 3 years by silver and gold certificates;
>>>
>>>Since in #5 you call for par redemption of FRNs, how can you
>>>possibly expect to restore the lawful 371.25 grains of silver
>>>per Dollar standard? Why not redeem FRNs and other national
>>>debt instruments in gold at whatever price necessary (currently
>>>that would be about $24,000/oz) and use lawful Dollars (silver)
>>>for nondebt money, with the exchange rate between the two
>>>monetary systems being determined continuously at market?
>>>It was a serious mistake that Congress had "dollar" values
>>>stamped on gold coins in the Coinage Act of 1792. Gold coins
>>>should have been left as 'Eagles', 'Half-Eagles', etc.
>>>Bimetallism only works if the exchange rate between the metals
>>>is left to float at market rather than being set by decree.
>>>
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>>
>>===========================================================================
>>Paul Andrew Mitchell, Sui Juris      : Counselor at Law, federal witness 01
>>B.A.: Political Science, UCLA;   M.S.: Public Administration, U.C.Irvine 02
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>
>
>
      


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