Thursday, August 18, 2011

Tenthers call for nullification of the Federal Reserve...

Utah and several other states have made serious moves to begin issuing their own currencies struck from precious metals - gold and silver.

Why? Because they can force the federal government to stop the deficit spending of fiat currency through this method.

How? By nullifying the body of law that created The Federal Reserve Bank. It's built into the U.S. Constitution - right under the grant of power - "We the people" - in big, bold letters. - The Legendary

...Article 1, Section 10 of the Constitution says, “No State shall… coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts.” This straight forward provision allows states to require that only gold and silver coin may be used as legal tender. How could this provision have been used by the states to check Federal power?

First of all, each time the Federal Government passed legislation allowing fiat money, states could have nullified those laws (including several coinage acts and the Federal Reserve Act of 1913) by referring to Article 1, Section 10 and refused to accept “bills of credit” (paper money) for payment of debts. This would have immediately blocked the bankers’ efforts to gain control of our law making machine through the spoils of direct taxation (16th Amendment) and to confiscate the nation’s wealth through debasement of the currency (which the Coinage Act of 1792 made punishable by death).

Sadly, previous generations failed to use this method of nullification. Should their failure stop us from implementing this constitutional remedy today? No. Article 1 Section 10 is still in the Constitution. Thus, today we can, and should, use monetary nullification to begin the process of rolling back thousands of Federal mandates by demanding that our state legislators implement sound money and require the Federal Government to use it as a tender in payment of debts.

This would ultimately reduce the size of, or eliminate, agencies such as the NSA, TSA, EPA, FDA, NEA, DEA and others. How?

Today, these agencies receive, on average, 43% of their funding through deficit spending. This is only possible because a privately owned central bank (the Federal Reserve) can print money and lend it to the Federal Government to finance this excess spending.

When states demand sound money as payment, the Fed’s monopoly on monetary policy and economic (mis)management is nullified. A strong competitive currency will bring about the end of the Fed, not through statute, but through the free market rejection of its debt-backed fiat money. Without printed money, alphabet soup agencies would see their budgets slashed. How many would survive to continue to implement their unconstitutional mandates? Few if any.

Constitutional tender is, therefore, the necessary companion for every nullification effort underway in this nation. Without it, the tens of thousands of labor hours and tens of millions of dollars invested in pursuing nullification through the courts will be wasted. Why? M.A. Rothschild was correct when he said, “Give me control over a nation’s currency and I care not who makes its laws.” The bankers cannot be allowed to simply use another paper money system to buy back the victory we achieve at the cost of our lives, fortunes, and sacred honor...

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