+ CMRE - 2013 There is no remembrance of former things Solomon + Fiat Currency is the Constitutional Elephant in the Room Tom Selgas, United States Bill of Rights.
Download ReportTranscript + CMRE - 2013 There is no remembrance of former things Solomon + Fiat Currency is the Constitutional Elephant in the Room Tom Selgas, United States Bill of Rights.
+ CMRE - 2013 There is no remembrance of former things Solomon + Fiat Currency is the Constitutional Elephant in the Room Tom Selgas, United States Bill of Rights Foundation http://www.usbor.org http://www.npn.net [email protected] 1. There’s a Constitutional Elephant in the Room 2. That Elephant is the Federal Reserve Note 3. The use of FRNs has created environmental stresses which lead to: a. b. c. d. e. Government Tyranny Over-criminalization Increased levels of crime Child abuse Divorce + Problems created by the “Continental” fiat currency George Washington correspondence to James Madison 1786 “Blood running in the streets. Mobs of rioters and demonstrators threatening banks and legislators. Looting of shop and home. Credit ruined. Strikes and unemployment. Trade and distribution paralyzed. Shortages of food. Bankruptcies everywhere. Court dockets overloaded. Kidnappings for heavy ransom. Sexual perversion, drunkenness, lawlessness rampant. + "The laws of a country ought to be the standard of equity and calculated to impress on the minds of the people the moral as well as the legal obligations of political justice. But tender laws, of any kind, operate to destroy morality, and to dissolve by the pretense of law what ought to be the principle of law to support, reciprocal justice between man and man; and the punishment of a member who should move for such a law ought to be DEATH.” Tender Laws Operate to Destroy and Dissolve Society Thomas Pain – On Paper Money 1786 If anything had or could have a value equal to gold and silver, it would require no tender law; and if it had not that value it ought not to have such a law; and, therefore, all tender laws are tyrannical and unjust and calculated to support fraud and oppression. + The Constitution Prohibits Fiat-Currency Benjamin Franklin, Publisher and Signer of the Constitution of the United States The Pennsylvania Gazette, December 16, 1789 Since the federal constitution has removed all danger of our having a paper tender, our trade advanced fifty percent. Our moneyed people can trust their cash and have brought their coin into circulation. Cycle of Decline Health Healthy Tree Empty Taxes Income Tax Stress Decline Death Stresses Tree Decline Tree Death Undesired Effects Redistribution of Wealth Fraud Inflation Healthy Society Fiat-Currency Stresses Social Dysfunction Society Dies + An empty tax is a tax that has a negative return on investment for the person who pays it. Not Fiat-Currency facilitates Empty Taxes Sam Bryant – Income Tax Causes Crimes, 2008 all taxes have a negative impact on the taxpayer. Taxes that do not return value to taxpayers’ lives are empty taxes, which cause social dysfunction by sapping resources and undermining the productivity of worker. + The Empty Taxes of Fiat-Currency Tom Selgas, United States Bill of Rights Foundation Income Tax is an empty tax Income Tax purposes: 1. Control Inflation 2. Transfer wealth through interest payments 3. Modify societal behavior 4. Redistribute wealth for votes Inflation is an empty hidden tax Inflation’s purposes: 1. Transfer wealth 2. Create fictitious gains to generate fraudulent revenue 3. Make people feel good while they are being defrauded What is the effect of using fiat-currency? Stock = # Egg Cartons = # Lawful Money $ # Legal Tender $ (Brown Eggs) 1962 = = = U.S. Silver Certificate $1,942.00 4 Shares IBM Stock 1982 ~5,424 300 Shares IBM Stock after splits No Lawful Money Available = Fed. Res. Bank Note 75 Shares IBM Stock after splits 2007 $1,942.00 ~4,266 = “$4,884” = = ~6,571 $2,338.56 Fed. Res. Bank Note “$30,501.00 ” IBM Stock Splits: 1964-05-18 [5:4], 1966-05-18 [3:2], 1968-04-23 [2:1], May 29, 1973 [5:4], Jun 1, 1979 [4:1], May 28, 1997 [2:1], May 27, 1999 [2:1] Quiet Theft! Stock = # Egg Cartons = # Lawful Money $ # Legal Tender $ (Brown Eggs) Buy 1962 = = = U.S. Silver Certificate IBM Stock Sell 2007 ~5,424 = $1,942.00 $1,942.00 = = Fed. Res. Bank Note IBM Stock ~6,571 17% Gain in Eggs Cartons Tax Due ~172 Egg Cartons After FRN Tax results in a Physical Egg Carton Tax of 923 Cartons of Eggs $2,338.56 17% Lawful Money Gain Tax Due $59.48 “$30,501.00 ” Federal Reserve Note “94% Gain” of $28,559 Alleged Tax Due (15%) ~FRN$4283.85 FRN Inflation results in a 83% tax rate or $328.45 of the $396.56 of the purported gain The purported Federal Reserve Note “Gain” is actually a “quiet theft” in that it results in an 83% tax rate with the perception of 15% tax rate. + Gold Commission Rpt. Public Law 96-389 Dr. Edwin Vieira, Jr. contribution to the Gold Commission, 1982. “In addition to the compelling economic case for the gold standard, a case buttressed by both historical and theoretical arguments, there is a compelling argument based upon the Constitution. The present monetary arrangements of the United States are unconstitutional -even anti-constitutional-from top to bottom.” (vol II, pg. 243) + What are we to do? Tom Selgas, United States Bill of Rights Foundation http://www.usbor.org [email protected] Start using the alternative gold and silver monetary system Congress enacted in 1985, especially for long term contracts. Learn how to use enforceable gold-clause contracts. Asks your State legislators to enact laws, pursuant to its duty under Art. I, Sec. 10 of the Constitution, to make nothing but gold and silver a tender in the payment of debts.