FIAT CURRENCY
Remedy & Punishments
by James Jaeger


As James Martin says in his must-read book, THE MEANING OF THE 21st CENTURY, act-after-catastrophe MO usually reigns supreme.

If one watches FIAT EMPIRE (available for free on Google Video or on DVD at http://www.FiatEmpire.com/screener), Dr. Vieira makes suggestions on how a competitive gold-based system could be set up. G. Edward Griffin also makes suggestions on how this could be handled at the end of his book, THE CREATURE FROM JEKYLL ISLAND.

Let me ask anyone who might read this; if you had a choice to hold dollars that were redeemable in silver or dollars that were not, which you be more eager to have?

___ Redeemable dollars

___ Non-redeemable dollars (fiat currency)


REMEDY OF THE SITUATION:

So what is best way to put more checks on the current system or remedy it? For starters, demand that Congress obey the Constitution, specifically Article I, Section 8 & 10. Congress has no authority to delegate responsibility for the money supply to an outside agency, i.e., the QUASI-PRIVATE Federal Reserve Banks.

Every congressman MUST be voted out ASAP, except Ron Paul as he's the only one who acknowledges this.

DO NOT VOTE FOR ANY INCUMBENTS(1)

NEVER VOTE FOR A DEMOCRAT OR A REPUBLICAN

WE ARE IN THE SUB-PRIME MELTDOWN AND THE CURRENT ECONOMIC CRASH BECAUSE OF THE DEEDS AND POLICIES OF THE FEDERAL RESERVE SYSTEM AND FOR FEW OTHER REASONS. THE FEDERAL RESERVE SYSTEM MADE POSSIBLE ALL THE EASY MONEY AND LOANS THAT HAVE NOW GONE BAD. THE FEDERAL RESERVE SYSTEM HAS CAUSED THE CURRENT INFLATION AND IT IS PART OF THE REASON OIL AND GASOLINE PRICES ARE SO HIGH. THE FEDERAL RESERVE SYSTEM CAUSED THE HOUSING BOOM AND THE HOUSING BUST. THE FEDERAL RESERVE SYSTEM PREVIOUSLY CAUSED THE TECH BOOM AND BUST. THE FEDERAL RESERVE SYSTEM HAS IMPLEMENTED THE CURRENT TRADE DEFICIT. THE FEDERAL RESERVE SYSTEM HAS FINANCED THE CURRENT IRAQ WAR. THE FEDERAL RESERVE SYSTEM HAS RUN THE NATIONAL DEBT UP TO $9.4 TRILLION AT THIS WRITING. THE FEDERAL RESERVE SYSTEM HAS MADE POSSIBLE THE SOCIALIST NATION WE ARE BECOMING WITH AN EVER LARGER AND MORE IMPOSING GOVERNMENT. THE FEDERAL RESERVE SYSTEM HAS UNJUSTLY ENRICHED VARIOUS ELITES IN THE BANKING INDUSTRY, MILITARY-INDUSTRIAL COMPLEX AND GOVERNMENT AND MADE POSSIBLE THE CURRENT WEALTH DISPARITY WE NOW SEE ACROSS AMERICA.

FOLLOW THE MONEY AND YOU WILL GET ANSWERS.

THE FEDERAL RESERVE SYSTEM MUST BE BROUGHT BACK INTO ALIGNMENT WITH CONSTITUTIONAL PRINCIPLES.

When the entire financial system of the United States collapses -- because, sooner or later this is the end-game of all fiat money systems -- people will run to:

A. Gold
B. Silver
C. Real Estate
D. Self-improvement
E. Religion

Paper assets, such as the below, will be spit upon:

A. Federal Reserve Notes
B. Stocks
C. Bonds
D. Mortgages
E. Other countries currencies, stocks, bonds


PEOPLE SHOULD NOT RUN TO ANY NEW FIAT CURRENCY OFFERED (such as the Amero or the Bancor, etc.) because this currency will be issued by basically the same bunch of criminals who set up the last self-serving financial trap. The most practical way to maintain a BALANCE OF POWER between the issuer of currency and the users of currency is to require that that currency be redeemable in something of intrinsic value, such as gold or silver. If the government or their lap-dog banks start printing up too many BILLS OF CREDIT or PAPER CURRENCY (so they can get more interest or finance undeclared wars, etc.), the People need to be able to turn that PAPER in and demand gold or silver. This, keeps the Congress from printing up too much paper (i.e., Federal Reserve Notes, dollars, bills of credit or creating too many demand deposit accounts) and is a natural check and balance on the money supply -- just as the U.S. Founders designed it to be.


DO NOT FALL FOR ANY OF THESE OLD CANARDS:

A. There is not enough gold or silver for our larger economy;

B. Gold and silver are old-fashioned;

C. I don't want to carry coins around in my pockets;

D. Electronic banking, debit cards, credit cards and/or checks don't work in a gold- or silver- based system;

E. The Founders could never have envisioned our modern financial system.

Insiders, system apologists and the ignorant chant A through E all the time. The complete answers to these concerns are to be found in THE CREATURE FROM JEKYLL ISLAND available at Amazon.com and/or the movies, FIAT EMPIRE and MONEY AS DEBT.


PUNISHMENT RATIONALE:

I am going to do some pointing of the finger that might not be very popular, but it is ultimately necessary in order to bring those responsible for maintaining and profiting off a system, the Federal Reserve System, that has:

1. damaged, if not killed, millions of people;

2. confiscated wealth from the poor and middle classes for generations;

3. inhibited the true growth of the nation, and;

4. abetted the crime of disobeying the highest law in the land, the U.S. Constitution.

Were the Federal Reserve System not the third (3rd) damaging fiat central bank in our nation's history to develop, so severe of an example might not need be set. In this case however, I feel an example should be set so that banking elites and any rogue congressmen think twice about attempting this crime in the future. This will also send a strong message to the rest of the world that the United States intends to clean up its financial house once and for all.


THE PUNISHMENT:

After the current fiat-issuing central bank, the Federal Reserve System, is gone, those that advocated it, worked in it, owned it and in any way profited from it should be brought to justice. In pondering the mind-boggling damages and liabilities this system has caused since 1913, it's impossible to assess any totally realistic punishment or amends, but the below may serve as a representation of what such punishments have been "earned," at least on a symbolic level:

  • Any Congressmen, except Ron Paul, in or out of office still living -- 3 years in prison or $1 million fine;

  • Every Supreme Court Justice, in or out of office still living -- 3 years in prison or $1 million fine;

  • Every US President, in or out of office still living -- 3 years in prison or $1 million fine;

  • Chairmen, past and present, of the Federal Reserve -- 15 years in prison or $5 million fine;

  • All of the 1% or more stockholders of the banks that own the New York Regional Fed Bank -- 20 years in prison or all wealth confiscated;

  • All 5% and above stockholders of the banks that own the other 11 Regional Fed Banks -- 10 years in prison or all wealth confiscated;

  • All employees of the regional Federal Reserve Banks -- 3 years in prison or $100,000 fine each;

  • All employees of all Federal Reserve Member Banks -- 1 year in prison or $10,000 fine each;

  • All major media news anchormen on network TV now or since 1950 that have failed to warn the public about fiat currency -- 3 years in prison or $250,000 fine;

  • Any opinion-leader author, media producer or celebrity that has been an open apologist of fiat money or elastic currency -- 1 year in prison or $50,000 fine.

    So that's what I would suggest, after the dust settles. I do not think any of these punishments should be at all, or ever, brutal no matter what the damage. Many of these people mentioned above acted out of ignorance and it's a shame they have been caught up in this and have to pay a price. But if they are basically good Beings, they won't mind paying their penalties so that they can make an ethical statement to their fellows, that: IGNORANCE OF THE CONSTITUTION IS NO EXCUSE. This applies to every other law and statute in the nation, why should it not apply to the highest law in the Land. This may be the only way other nations will be able to regain respect for the U.S. and its currency.

    If we can seek to bring to justice criminals like Osama bin Laden, U.S. citizens surly should seek to being to justice criminals that have not only infiltrated the republic's government and banking system, but done FAR more damage and cost literally millions of lives due to all the wars started, perpetuated with illegal fiat currency.


    15 July 2008



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    (1) See OVERTHROWING THE CORPORATE GOVERNMENT -- How The People Can Regain Control Over Corporate Interests That Have Hijacked Congress at http://www.jaegerresearchinstitute.org/articles/overthrow.htm



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    so you will have a better understanding of what fuels many problems under study by the Jaeger Research Institute.

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