The Currency Question

[doug555]

The Currency Question - A timely "letter" to us today from February 13, 1865 by Henry C. Carey in view of the rampant talk of the demise of the "FRN" Dollar.

Read this letter to see how an honest labor-backed currency and a simple clearinghouse controlled by the people could turn around our economy in weeks - and why it was and is being suppressed!

Read carefully page 129 [excerpted below, highlighting added]:




This worked in Abraham Lincoln's time. It can work today.

This is the rationale for Indorsing Bills as Credit Vouchers

See sample "Currency Indorsement"

Why it was suppressed...

[Keith Alan]

The Currency Question - A timely "letter" to us today from February 13, 1865 by Henry C. Carey in view of the rampant talk of the demise of the "FRN" Dollar.

Read this letter to see how an honest labor-backed currency and a simple clearinghouse controlled by the people could turn around our economy in weeks - and why it was and is being suppressed!

Read carefully page 129 [excerpted below, highlighting added]:

[ATTACH]1789[/ATTACH]


This worked in Abraham Lincoln's time. It can work today.

This is the rationale for Indorsing Bills as Credit Vouchers

See sample "Currency Indorsement"

Why it was suppressed...

The problem I see with both private and public currency creation is that both rely on making pledges into the future. Since no one can predict the future with 100% certainty, pledges are inherently fraudulent.

Money ought to he based on what already has been produced and saved, or what is being created at this very moment in time.

Gold, silver, sea shells, whatever, have all been used as money precisely because real labor went into producing the money commodity.

[doug555]

The problem I see with both private and public currency creation is that both rely on making pledges into the future. Since no one can predict the future with 100% certainty, pledges are inherently fraudulent.

Money ought to he based on what already has been produced and saved, or what is being created at this very moment in time.

Gold, silver, sea shells, whatever, have all been used as money precisely because real labor went into producing the money commodity.

Grocery "bills", utility "bills", medical "bills", etc, are in most cases, a record of past production and receipt of same, and as such, are NOT pledges.

What you do with those "bills" (currency) determines if it becomes a pledge (by tendering IOUs in the form of FRNs - a promise to pay), or a payment (by tendering USNs - lawful money - which could be in the form of simply add a signature on the "bill" showing receipt, so that the credit amount thereon can be subtracted from the national debt owed to the people).

These "bills" are already essentially "currency" - they have the capacity as instruments to transfer money by posting said amounts to ledger accounts, once signed by both parties to the transaction, just as the dollar "bill" has 2 signatures.

So, in effect and actuality, these "bills" are labor-backed "currency".

If these type of "bills" were circulating today as currency, we would not be seeing the currency manipulation and corruption documented by the memo discussed in this video! WATCH THIS VIDEO!!!

The watch this video about Ending the Fed movement in Germany, and their website at: http://wearechange.org

Now, instead of just exposing the Fed, why not promote a practical solution, as suggested above?

For more info, see Indorsed Bill Remedy and last paragraphs of this post.

[Keith Alan]

Grocery "bills", utility "bills", medical "bills", etc, are in most cases, a record of past production and receipt of same, and as such, are NOT pledges.

What you do with those "bills" (currency) determines if it becomes a pledge (by tendering IOUs in the form of FRNs - a promise to pay), or a payment (by tendering USNs - lawful money - which could be in the form of simply add a signature on the "bill" showing receipt, so that the credit amount thereon can be subtracted from the national debt owed to the people).

These "bills" are already essentially "currency" - they have the capacity as instruments to transfer money by posting said amounts to ledger accounts, once signed by both parties to the transaction, just as the dollar "bill" has 2 signatures.

So, in effect and actuality, these "bills" are labor-backed "currency".

If these type of "bills" were circulating today as currency, we would not be seeing the currency manipulation and corruption documented by the memo discussed in this video! WATCH THIS VIDEO!!!

The watch this video about Ending the Fed movement in Germany, and their website at: http://wearechange.org

Now, instead of just exposing the Fed, why not promote a practical solution, as suggested above?

For more info, see Indorsed Bill Remedy and last paragraphs of this post.

Public banking is just more of the same.

It makes more sense to either work for US gold and silver coin, or make demand for lawful money as provided by law, or both. Problem solved. Just my two cents.