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. >>> >>>=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= >>>Unsub info - send e-mail to majordomo@majordomo.pobox.com, with >>>"unsubscribe liberty-and-justice" in the body (not the subject) >>>Liberty-and-Justice list-owner is Mike Goldman <whig@pobox.com> >>> >>> >> >>=========================================================================== >>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 >>email: [address in tool bar] : using Eudora Pro 3.0.3 on 586 CPU 04 >>website: http://supremelaw.com : visit the Supreme Law Library now 05 >>ship to: c/o 2509 N. Campbell, #1776 : this is free speech, at its best 06 >> Tucson, Arizona state : state zone, not the federal zone 07 >> Postal Zone 85719/tdc : USPS delays first class w/o this 08 >>_____________________________________: Law is authority in written words 09 >>As agents of the Most High, we came here to establish justice. We shall 10 >>not leave, until our mission is accomplished and justice reigns eternal. 11 >>======================================================================== 12 >>[This text formatted on-screen in Courier 11, non-proportional spacing.] 13 >> >> >>********************************************** >>To subscribe or unsubscribe, email: >> majordomo@majordomo.pobox.com >>with the message: >> subscribe ignition-point email@address >>or >> unsubscribe ignition-point email@address >>********************************************** >>http://www.telepath.com/believer >>********************************************** >> > > >
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