Plan To Return America To the Gold Standard Set To Be Offered at Washington
Lehrman, One-Time Member of Reagan-Era Gold Commission, Foresees Five-Year Transition
By SETH LIPSKY, Special to the Sun | September 26, 2011
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Step two in the Lehrman Plan would be the minting by the Treasury and authorized private mints of what Mr. Lehrman calls “legal tender gold coin in appropriate denominations, free of any and all taxation.” The taxation point is a key one. Currently, if the value of the dollar collapses while one is holding gold coins, one can be taxed when one spends those coins.
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As a fat old white guy injineer, I have learned to ignore what politicians and bureaucrats say and look at results.
The Federal Reserve Bank — which neither “federal”, nor a “bank”, while “reserve”-ing nothing — is nothing more than an “OPEC” for a secret money cabal.
So let’s look at the track record of the FED. Now bear in mind that their stated objective, depending upon what mumbo jumbo you’ve listened to, is either or both “strong dollar”, “full” employment, “weak dollar”, “price stability”, or a “weak dollar”.
But let’s focus on the results!
Since 1970, the purchasing power of the dollar has dropped arguably between 95 to 99%.
If “money” is supposed to have a “store of value” attribute, then the dollar fails in that key characteristic.
A most telling argument from a recent Republican Presidential Debate was Ron Paul’s assertion that the price of gas in terms of silver hasn’t changed. Three pre-1964 dimes bought a gallon of gas in the 60’s and those same dimes when converted to Federal Reserve Notes today — 3 time $2.80 = $8.40 — would buy more than a gallon of gas anywhere in the USA.
SOOOooo it’s the value of the dollar that has eroded.
I wish this gallant warrior “Good Luck” getting the USA back to the gold standard. I don’t see it happening peacefully.
Secession is the only path.
When common folk begin to save their wealth in gold and silver, then the days of the FED are over.
When “We, The Sheeple” recognize that they’ve been defrauded, then we have a chance to recover.
All that has to happen is the repeal of legal tender laws, and the free market will fix the problem.
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