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
>>tel: (520) 320-1514: machine; fax: (520) 320-1256: 24-hour/day-night 03
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>
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>
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