The Dangers of Legal Tender

The US constitution states quite clearly that only gold and silver can be used as lawful currency.  Along with numerous other constitutional violations happening throughout the world, the concept of ‘lawful currency’ has been exploited, hi-jacked, and used by the parasitical class in their attempts to enslave the entire human race.  Although it’s assumed the founding fathers of the US were acting in a benevolent fashion when composing monetary constitutional law, the concept that lawful currency should exist leaves-the-door-open for the elite to hitch-a-ride on the fruits-of-our-labor, and act as a parasite upon humankind.

Lawful currency, whether introduced in a benevolent or malevolent fashion opens-up a critical window for the parasitical classes – taxation.  Once only certain types of currency are designated as legal tender, the government can then be coerced, honey-trapped, bribed, threatened, or simply charmed or paid into acting on behalf of the parasites, instead of the people they should be representing – their constituents.  From subsidizing selected components of the economy to creating complex taxation laws, the elite set-out a myriad of difficult choices for humankind, in the hope they’ll confuse and scare us into submission.  The medium-of-exchange is fundamental to man’s ability to run even a small-scale economy and should be treated as-sacred-as-liberty-itself.  To be free, the medium-of-exchange must also be free.

Since gaining control of the medium-of-exchange a few centuries ago, the parasitical-class has caused numerous inflationary and deflationary events throughout the world. They can only do this through the concept of ‘lawful currency’.  If the free market was allowed to select its own currency, then such a concept could be a countless basket of items including metals, seeds, and grain.  Similar to bygone times, the elite would then need to show their faces, not hide behind puppet-politicians and faceless corporations and collect taxes the old-fashioned way – physical force. Since they are few, and we the people are many, the parasites simply wouldn’t have the courage to do such a thing –hence the currency illusion of debt-based dollars, pounds, and the euro etc.  Furthermore, criminal acts such as making gold or silver illegal as ‘lawful currency’ would become more difficult under a ‘no lawful currency’ constitution.  Indeed, even areas that have little or no gold and silver – and there will be many in the next paradigm – will have the opportunity to naturally select another form of currency such as copper bullion.

Throughout the world there appears to be many people garnering ideas to tackle the illusory ‘currency crisis’ that’s spreading like a contagion of small pox.  Remember, it is indeed illusory, because that wealth does not exist in the ‘real world’ – it exists in ‘cyber-world’ and is merely a complex computer game.  From debt-free pseudo Greenbacks proposed in the UK by an organization called positive money, to minting exercises going on throughout the states and beyond, everyone appears – at least to me – to be falling-into-the-trap of allowing the mere concept of ‘lawful’ currency to exist.  Although I believe many people are sincere, and essentially looking for methods to protect all those millions of people hood-winked into purchasing various PONZI schemes, there’s the probability that the parasitical classes will emerge from under their abominable-stone and seize control of such ‘lawful currency’.  Whether it’s debt-free physical or debt-based paper, we would be leaving a window-of-opportunity for the vampire psychopaths.  Such an opening may not be exploited in the near future, or in this century, but ‘they’ could return and attempt to enslave the great-grandchildren of our children’s-children’s-children.

To be perfectly clear, I’m not suggesting silver coins should not be minted in Utah and the other states, nor am I suggesting governments shouldn’t produce a pseudo-greenback – out of necessity -for their populations to use as a medium-of-exchange in the after-math of the monetary battle.  The latter should be removed though as-soon-as-possible.  My suggestion is to avoid the concept of ‘lawful’ currency and allow the free-market to choose an appropriate medium-of-exchange, one that acts in equilibrium with the other items that constitute the free-market.  A world of “post-peak-name-any-finite-resource” should have finite currency.  Indeed, having an imaginary currency interacting within a world of limited commodities is the primary cause of squandering and waste.  Fiat-paper currency is unnatural, and therefore has no place in the natural world.

I must admit that I’m no advocate of paper-money – even if it allegedly represents a certain amount of gold or silver held at a bank.  UK sterling has,” I promise to pay the bearer upon demand X pounds” of sterling silver written upon the notes. If I was to walk into my local bank with a twenty-pound-note and ‘demand’ that the ‘promise’ be honored, and that the teller must hand-over nine kilos of 958sterling silver, I would be locked-up for aggressive behavior and attempted-bank-robbery.  It took the parasitical classes many years to accomplish this trick, and it should be a warning for all those intending to produce gold/silver-backed paper notes. The warning is this:  Over-time, ‘they’ might return and attempt to distort humanity’s reality and morals, and it is therefore dangerous to have paper-notes in circulation or coins of a pre-determined value.  As I explain in “a monetary metal-bug’s currency solution”, I believe that monetary metal coins should be forged using three criteria: type, weight, and purity;  for example “one troy ounce of 9999 silver” or “one AV ounce of 999 copper” with no reference to dollars, pounds, or the euro etc.  Such coins would interact naturally with mankind’s free-market and find equilibrium with labor and goods.  Jobs would be advertised rewarding Oz of gold/silver/copper per day/week/task and goods would be priced in the same manner.

To summarize and conclude, I believe questioning the concept of a ‘lawful currency’ should be contemplated deeply by those making such decisions. There’s the possibility of allowing a window-of-opportunity for the parasites to re-emerge, and, furthermore, it’s a hazard easily avoided by using monetary metals under the criteria of weight, purity, and type.  Notes are non-trustworthy and unnatural, are potentially very dangerous, and I firmly believe they should be avoided if possible. If you’re a wealthy individual, please meditate on purchasing some copper bullion and minting it into varying measurements; for example 1/10oz, 1/2oz, 1/4oz, and one ounce.  You could be imaginative with the design, allowing your very soul to be carried upon the coins.  During the aftermath of the destruction of the elite’s illusory power, such coins could be circulated to facilitate your local economy thus encouraging peace and stability.

Fundamentally, stop waiting for someone else to take-on the parasitical classes, become active, and consider the needs of all humanity and not merely focus on the wealth transferred to you through holding silver bullion.  You are, after all, your brother’s keeper.

Peace.

 

12 comments to The Dangers of Legal Tender

  • Your monetary metal coins of .9999 silver or .999 copper with no $ markings of any kind on them, screams out One World Currency to me. However with a legitimate intrinsic value to them by virtue of their metallic content, might be the only way for such a system to actually work out.

  • glen

    Dont We already have this? Its called oil!The idea of a bushel of wheat having the same value in africa as in the US,is a wonderful sentiment.Oil has the same problem as buillon,How do You carry it around?Oil,aka energy,is the controlling force.Unfortuatly,those that have the power have it,and those that dont,simply put DONT!Precious metals are no more,evenly spread around the world,Than oil.Youre going to have to pay for it somehow!Military might is the currancy;iethe POWER.The rest of the world pays this protection money,by excepting our phoney money.They have no choice!This is what America has become,the global police force,We no longer make Chevrolets and washing machines,We make WMDs.The only way out,is the emergance of a new bully in the school yard.Who will that be?China,Russia?Who knows?

  • RUJOKING

    Wow…

    Last night I was thinking of starting a site based on this same idea, meaning how to prevent the money-mafia from regaining money-power once a new paradigm is established.

    Looks like you beat me to it. Work gets in the way, but I do what I can writing on newspaper comment sections & persuading friends/relations what the story is.

    Keep up the heroic work!

  • Linde

    Gareth… Re: silver coins, and their label/stamping.

    Years ago, when I traveled to Hong Kong a lot, I had dinner with an older man, very elegant and very successful in business. He was born in Shanghai, and was in his 20s when Mao started to take over China.

    He said the inflation was so bad that the price of a restaurant meal was one price when you sat down, and had gone up by the time you paid the bill. however, silver coins of all nations and denominations were circulating freely, and in fact, were the only kind of exchange that was accepted for any business transactions.

    I think we will get there again.

  • Everyone says that silver bullion is hard to store/move because it’s too bulky. Did you know that 1 cubic foot of silver ( a cube 1 foot on each side) of silver weighs 653 lbs. which equals over 7800 troy ounces. I don’t know about you, but I don’t have that much silver to store. So space shouldn’t be any problem for me or you.
    Tommy

  • @ Tommy: I prefer silver over gold, ’cause you get more for your currency. :)

  • ultimate cynic

    Money should be whatever the parties in a trade agree it should be. No government should have a say in that. Legal tender laws are an invitation to fraud perpetrated by the strong on the weak, and always lead to the kind of disaster we currently find ourselves in.

    The dollar was originally understood to be a specific weight and fineness of gold.

    In theory, if we could abolish legal tender laws and fiat money and start over with precious metal coins stamped only with their weight and fineness, such coins should be trusted by all and circulate freely. However, people like convenience more than they should, and notes or their electronic equivalent will always begin to circulate, and crooked bankers will arise to produce fraudulent notes, and ordinary people will look to government to protect them from fraud, and legal tender laws will be put in place to accommodate the wishful thinking of the masses.

    There is a never ending money cycle that I think is unavoidable due to human nature. We are on the verge of a collapse on an unprecedented scale. I don’t think there are enough people with the understanding and the courage and the power to avert the collapse of civilization as we know it. There is a dark age ahead.

  • Gareth

    Hey there Tommy.
    I’m in no way advocating a one-world currency, although the signs that the return to a global gold standard are quite obvious these days. I’d like the people to choose their own currency – they should be able to purchase goods with horse-manure if they so choose.

    ultimate cynic: I’m not convinced by the “return to the dark ages” theory. There are a lot of hidden/suppressed technologies in the world that could propel mankind onto another level.

  • po'boy

    American Gold and Silver Eagles are legal tender as well.

    TITLE 31 > SUBTITLE IV > CHAPTER 51 > SUBCHAPTER I > § 5103
    Prev | Next
    § 5103. Legal tender
    How Current is This?
    United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

    and
    TITLE 31 > SUBTITLE IV > CHAPTER 51 > SUBCHAPTER II > § 5112
    Prev | Next
    § 5112. Denominations, specifications, and design of coins
    (7) A fifty dollar gold coin that is 32.7 millimeters in diameter, weighs 33.931 grams, and contains one troy ounce of fine gold.
    (8) A twenty-five dollar gold coin that is 27.0 millimeters in diameter, weighs 16.966 grams, and contains one-half troy ounce of fine gold.
    (9) A ten dollar gold coin that is 22.0 millimeters in diameter, weighs 8.483 grams, and contains one-fourth troy ounce of fine gold.
    (10) A five dollar gold coin that is 16.5 millimeters in diameter, weighs 3.393 grams, and contains one-tenth troy ounce of fine gold.
    (11) A $50 gold coin that is of an appropriate size and thickness, as determined by the Secretary, weighs 1 ounce, and contains 99.99 percent pure gold.
    (f) Silver Coins.—
    (1) Sale price.— The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dies, use of machinery, and promotional and overhead expenses).
    (2) Bulk sales.— The Secretary shall make bulk sales of the coins minted under subsection (e) at a reasonable discount.
    (3) Numismatic items.— For purposes of section 5132 (a)(1) of this title, all coins minted under subsection (e) shall be considered to be numismatic items.
    (g) For purposes of section 5132 (a)(1) of this title, all coins minted under subsection (e) of this section shall be considered to be numismatic items.
    (h) The coins issued under this title shall be legal tender as provided in section 5103 of this title.

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  • […] The Dangers of Legal Tender By Gareth – Dont-tread-on.me The US constitution states quite clearly that only gold and silver can be used as lawful currency. Along with numerous other constitutional violations happening throughout the world,the concept of ‘lawful currency’ has been exploited, hi-jacked,and used by the parasitical class in their attempts to enslave the entire human race. Although it’s assumed the founding fathers of the US were acting in a benevolent fashion when composing monetary constitutional law ,the concept that lawful currency should exist leaves-the-door-open for the elite to hitch-a-ride on the fruits-of-our-labor,and act as a parasite upon humankind. Lawful currency,whether introduced in a benevolent or malevolent fashion opens-up a critical window for the parasitical classes – taxation. Once only certain types of currency are designated as legal tender,the government can then be coerced ,honey-trapped, bribed, threatened, or simply charmed or paid into acting on behalf of the parasites,instead of the people they should be representing – their constituents. From subsidizing selected components of the economy to creating complex taxation laws, the elite set-out a myriad of difficult choices for humankind, in the hope they’ll confuse and scare us into submission. The medium-of-exchange is fundamental to man’s ability to run even a small-scale economy and should be treated as-sacred-as-liberty-itself. To be free, the medium-of-exchange must also be free. […]

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