Honest Money Constitutional Amendment

[Travlyr]

In my view we would:

1) Educate ourselves on the benefits of such an amendment, and understand them thoroughly (including the reasons why these benefits would exist).
​

An Honest Money Constitutional Amendment would benefit society in many ways:

• Honest transactions would mean that purchases using real money would complete the transaction ... bought and paid for ... ownership transferred ... very few debtors.
• Universal health care would be a great benefit because health care would once again become affordable.
• Prosperity for producers.
• Savings using real money grows through time rather than diminishes through inflation.
• Taxes paid using honest money become real expenditures which would get people to become involved in the political process when politicians came knocking on the door for higher taxes.
• Wars and deadly force would be greatly reduced.
• Stricter regulations on transactions because the free market punishes bad behavior while government insiders reward criminal friends.

That's all I can come up with at the moment.

 

[Foundation_Of_Liberty]

Whatever it takes so that it is not ambiguous.

Agreed. If any one can polish that sentence better, let us know!

Anything that is not natural. Finding more gold, silver, or other commodity is a natural process. While paper monetary inflation is not the same as electronic account monetary inflation and is directed by the hand of man, not nature. Just brainstorming to make it as clear as possible.

I think "paper money inflation" conveys the meaning better. We could also say: "Fiat monetary system and inflation of unbacked currency being some of the greatest enemies of liberty and prosperity of the people, legal tender laws are strictly forbidden. " But I don't know if we are making it clearer.

Footnotes attached?

Footnotes are fine, but it is better to embed definitions into the language of the amendment itself. For example: This amendment says " legal tender laws are strictly forbidden." Then it is restated or defined again in the last paragraph by saying (in part) "the government shall make no law establishing an exclusive form of currency that the people are forced to use in private transactions"

 

[Travlyr]

Agreed. If any one can polish that sentence better, let us know!

Any word-smiths want to help out here?

Footnotes are fine, but it is better to embed definitions into the language of the amendment itself. For example: This amendment says " legal tender laws are strictly forbidden." Then it is restated or defined again in the last paragraph by saying (in part) "the government shall make no law establishing an exclusive form of currency that the people are forced to use in private transactions"

Excellent!

 

[Foundation_Of_Liberty]

Therefore: the government shall make no law establishing an exclusive form of currency that the people are forced to use in private transactions, neither shall it prevent operation of private currencies, mints, or free competition in currencies among private citizens, nor charge capital gain, sales, fees, duties, costs, or any other taxes on the medium of exchange.

I changed it at the top. Thanks. Anyone, If we can make it better please let us know. Thank you!

 

[Foundation_Of_Liberty]

An Honest Money Constitutional Amendment would benefit society in many ways:

• Honest transactions would mean that purchases using real money would complete the transaction ... bought and paid for ... ownership transferred ... very few debtors.
• Universal health care would be a great benefit because health care would once again become affordable.
• Prosperity for producers.
• Savings using real money grows through time rather than diminishes through inflation.
• Taxes paid using honest money become real expenditures which would get people to become involved in the political process when politicians came knocking on the door for higher taxes.
• Wars and deadly force would be greatly reduced.
• Stricter regulations on transactions because the free market punishes bad behavior while government insiders reward criminal friends.

That's all I can come up with at the moment.

That's nice.

If I had to say what the benefits would be, I'd say:

Free Competition in currencies kills fiat, because fiat is nothing but an instrument of plunder via legalized counterfeiting and inflation by a government forced monopoly, therefore it cannot exist without government force. Free Market, absent government coercion, will reject such a currency because no one likes being plundered.

So, Free Competition in currencies slays fiat, and with it welfare state and war state, because it makes it impossible for the government to rob and plunder the people, and steal their wealth through legalized counterfeiting and inflation.

Thus, Free Competition in currencies binds the government down with the chains of sound money, making possible liberty and prosperity of the people.
​

 

[Foundation_Of_Liberty]

Since I cannot edit the top of the thread, I'll have to post updates here:

Honest Money Constitutional Amendment

Fiat monetary system and paper money inflation being some of the greatest enemies of liberty and prosperity of the people, legal tender laws are strictly forbidden.

Since no individual can rightfully force his neighbor to transact or not to transact in certain medium of exchange, he cannot delegate such authority to his government. Also, free competition in currencies, by the force of Free Market, prevents the government from plundering the people through legalized counterfeiting and debasing of the currency.

Therefore: the government shall make no law establishing an exclusive form of currency that the people are forced to use in private transactions, neither shall it prevent operation of private currencies, mints, or free competition in currencies among private citizens, nor charge capital gain, sales, or any other taxes, duties or fees on the medium of exchange. The right of the people to transact among themselves in any currency they choose shall not be abridged.​

If I had to say what the benefits would be, I'd say:

Free Competition in currencies kills fiat, because fiat is nothing but an instrument of plunder via legalized counterfeiting and inflation by a government forced monopoly, therefore it cannot exist without government force. Free Market, absent government coercion, will reject such a currency because no one likes being plundered.

So, Free Competition in currencies slays fiat, and with it welfare state and war state, because it makes it impossible for the government to rob and plunder the people, and steal their wealth through legalized counterfeiting and inflation.

Thus, Free Competition in currencies binds the government down with the chains of sound money, making possible liberty and prosperity of the people.
​

 

[Foundation_Of_Liberty]

Inflation is Theft! - Ron Paul Texas Straight Talk



Sound Money is the solution! This amendment accomplishes it best.

 

[Foundation_Of_Liberty]

MSNBC: Fleckenstein: The Fed is Printing Money to Cover Bank Theft Leading to Food Price Inflation, and Unrest in the World

http://www.msnbc.msn.com/id/21134540/vp/41414080#41414080
http://dailypaul.com/156169/flecken...to-cover-bank-theft-leading-to-food-inflation

Sound Money is the proposed solution.

Sound Money is the solution:
This Amendment is the best way to implement it.
http://www.ronpaulforums.com/showthread.php?251788-Honest-Money-Constitutional-Amendment
http://www.ldsfreedomforum.com/viewtopic.php?f=19&t=10942

 

[Foundation_Of_Liberty]

http://www.ldsfreedomforum.com/viewtopic.php?f=19&t=12158&p=178831#p178831

 

[Foundation_Of_Liberty]

Sound money, i.e. money that cannot be conjured out of nothing is the only true solution, as per this amendment (Please see the top of this thread).

 

[Dr.3D]

So how to you propose to make this amendment happen?

 

[Foundation_Of_Liberty]

So how to you propose to make this amendment happen?

1) Educate Yourself so you understand it clearly and get excited about it.
2) Educate your neighbor with a charge to do the same.
3) Elect only the people who would commit to see it passed into the law of the land.

(The 3E formula)

That's it in a nut shell.

 

[Foundation_Of_Liberty]

G. Edward Griffin on Free Markets

http://alt-market.com/articles/griffinfreemarkets

"The most direct way to break the fiat money monopoly would be to repeal the Legal Tender law. If competition were allowed in the marketplace, people could trade in units of anything they wish that has real value. Gold is an example of a tangible unit of trade, meaning that the value is contained within the item itself, but anything could be used so long as people are free to accept it or reject it, even chocolate bars or tickets to Disneyland. Mr. Griffin is a supporter of gold and gold-backed money, which are really the same thing. Gold-backed currency is not the same thing as a gold standard; a gold standard is when the government sets the value of gold instead of the free market."

 

[Foundation_Of_Liberty]

Utah starts process to legalise gold and silver as money

 

[Foundation_Of_Liberty]

Ron Paul discusses the 29,000 pages released by the Fed on Bloomberg TV

 

[Travlyr]

Ron Paul ... is a brilliant man! I hope we can get honest money circulating throughout the States soon.

 

[Foundation_Of_Liberty]

Ron Paul speaks of Free Competition in Currencies.

 

[Foundation_Of_Liberty]

 

[Foundation_Of_Liberty]

Ron Paul on the Colbert Report - April 25, 2011 - Talks about Sound Money!

[video]http://www.colbertnation.com/the-colbert-report-videos/382617/april-25-2011/ron-paul[/video]

 

[Foundation_Of_Liberty]

Ron Paul takes Bloomberg to School on the Fed; (they compare him with Romney and others). Ron hits it out of the park!

Sound money and Freedom! Yahoo!!!

http://bloom.bg/hTA7Ag#ooid=lvMDNmMjpXJg7T9MIwD29bUzbN4Lsoq_