Sunday, May 02, 2004
by Steven Montgomery
Website: The Perfect Law of Liberty
All the perplexities, confusion, and distress in America arise, not from defects in the Constitution or confederation, not from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.
One of the most misunderstood and misapplied powers granted to Congress is that power contained in these four words from Article 1 Section 8 of the United States Constitution:
Regulate the value thereof
What is this power? How is it misunderstood? How is it misapplied? What equally misunderstood and misapplied power is the power to "regulate the value thereof" related? A correct understanding is critical to understanding how this power is to be applied, how it is misapplied or misinterpreted, and how you, the reader can use this understanding to work for efforts to see that this power is properly applied.
Furthermore, It is vital to understand:
Money, to the founders, was Gold and Silver Coin
The power to issue "Bills of Credit" or redeemable paper money, was prohibited to both the Federal and State Governments
The power to issue irredeemable paper money, or money by mere fiat, was a power never even contemplated by the founders
Congress could make Gold and Silver coins but had no power whatsoever to create paper money. So what then, is meant by the four words, "regulate the value thereof?" Steven Montgomery gives an answer to these perplexing questions in the following article.
Opposition in All Things.
Money (gold and silver coin) is the root of all good. Paper money is the root of all evil. If we really understand the money issue, we can see that paper money is the cause of almost every problem that plagues humanity. If we can educate others to understand what “lawful” money of the United States is, then we can begin to restore the republic.
In my next entry, we will get an insight into the foundations of evil from an individual who has been on the inside, and what has been purchased with paper money.
A Majority of One