Geolibertarian Economic gems

From http://forum.prisonplanet.com/index.php?topic=98465.240

Let's not also forget:

(a) that, as great as the Constitution is, it was nevertheless written not by God, but by fallible human beings, and can therefore be changed by human beings in accordance with an enhanced understanding as to what is necessary to secure a truly just, prosperous and free society;

(b) that, as anyone who's seen the first hour of The Money Masters knows, banking oligarchs were well aware of the enormous threat that debt-free paper money posed to their privilege -- and hence to the unearned fortunes this privilege afforded them -- and so used their powerful influence to ensure that Congress was given the power to borrow paper money at interest from a private bank instead of the power to issue such money itself at no interest;

(c) the fact that these oligarchs have been exploiting this Constitutional loophole ever since, and that the American people are consequently suffering through yet another banker-engineered depression because of it; and

(d) just how disastrous the gold/silver standard has proved to be in the past:


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"[Andrew] Jackson and Van Buren removed the monetary power from the private bankers but did not re-establish it in the hands of the nation. Instead, Van Buren organized the Independent Treasury System, establishing 15 sub branches of the Treasury to handle government moneys in 1840. From December 1836 the government moved toward making and receiving all payments in coinage, or truly convertible bank notes....Once the state bank notes were no longer accepted by the government, their circulation was cut back dramatically."This was the closest our nation has ever come to implementing a real gold/silver standard. Operating under the commodity theory of money, Van Buren, who truly cared for the Republic, helped bring on the worst depression the Nation had ever seen, starting in 1837. It was reportedly even worse than that caused by the 2nd Bank of the U.S. in 1819. Bad as the state bank notes were, they had still been functioning as money!"Those who proclaim that no gold and silver money system has ever failed should consider that whether you are a laborer, farmer, or industrialist, the money system's success or failure is not measured by the value of a piece of metal. When your job, your farm, or factory has disappeared in a monetarily created depression, the system has failed!" [Emphasis added]
-- Stephen Zarlenga, The Lost Science of Money, p. 426----------------------------------

Please let's not use the horrible problems of the present as an excuse to repeat the equally horrible mistakes of the past.


-geolibertarian