| Subject: | [socialcredit] Re: Article by Richard Cook | | Date: | Tuesday, December 18, 2007 08:56:59 (-0800) | | From: | william_b_ryan <william_b_ryan @.....com>
|
Bill, if you are correct, perhaps you can explain why
the Constitution placed so much emphasis on the issue
of money?
John R.
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The fact of the matter, John, is that very little
emphasis is placed on money in the United States
Constitution: the word "money" is used only six
times. I take it that you are not familiar with the
United States Constitution. See
http://www.usconstitution.net/const.html
This of course bears very little on the Greenbacker
fabrications in the latter half of the nineteenth
century that form so much of the modern "monetary
reformist" propaganda, like the Guernsey "magic money"
story and phony Lincoln "quotations" that we have
discussed previously.
The Greenbackers and Populists were ideological
opponents during the nineteenth century monetary
controversies, with the Greenbackers wanting the
government to spend money into circulation in the form
of greenbacks, and the Populists wanting private
enterprise to spend money into circulation through the
free coinage of silver, which would have been
dollar-for-dollar in offset to otherwise accumulating
bank debt throughout the economy.
The term "free coinage" did not necessarily imply that
coinage was a service provided free by the government
to the holders of silver, but that any silver taken to
the mint would have been coined into legal tender
without limitation, with the government taking some
small portion of it in payment for the service
provided. The holders of silver would take either
coins or silver certificates away from the mint. Such
a program would have greatly ameliorated the monopoly
of the banks, in a nation with a great abundance of
silver ready to be extracted from the mines.
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