What happens when the Nanny State goes belly-up, and we have CONSTITUTIONAL CURRENCY once again?

in #informationwar5 years ago

Before I begin getting into this topic, let me take a quick survey.

If you know, right now, before looking anything up, right off the top of your head, what constitutes "Constitutional Currency," please state so in the comments below. Be honest.

OK...done....??

Now, here is what the Constitution says:

"Constitutional money is identified in the plain and unambiguous language of the U. S. Constitution itself. Article I, Section 8, clause 4 contains the following clause:

'The Congress shall have power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.'

This means that the Congress, elected to represent the interests of the citizen, has the responsibility to regulate the value of our money. The value of money is regulated by how much or how little money is created. If too much money is created than the value and therefore the purchasing power of money goes down. If too little money is created than the value of money goes up, money becomes scarce, and bankruptcies and foreclosures ensue. How should Congress decide how much or how little money should be created? The amount of money created by Congress should not exceed or be less than the Gross National Product of the nation. Money should be issued by Congress based on as close to an exact estimate as possible of what is needed for Americans to transact their business, accumulate and maintain savings, and obtain credit based upon clearly defined terms of credit-worthiness. Congress could issue this money interest-free."

(Source: http://www.freerepublic.com/focus/f-bloggers/2840582/posts)

Additionally, elsewhere in the Constitution we read the following:

Article I, Section 10 to claim the Constitution says money should be gold or silver coin.

“[No State shall] make any Thing but gold and silver Coin a Tender in Payment of Debts;“

Now, while you can certainly argue WITH FULL-PROOF CAUSE that only COINS are legal, Constitutional Currency in the United States (ruling out, automatically the "non-Federal" "zero-Reserve" "scam-System," and their funny money paper currency backed by nothing) Article I, Section 10 makes a strong case that that coin should be either gold or silver. (Copper was added later by legislation, but is still not, technically, Constitutional currency either.)

Some day, when the pyramid scheme that is the "non-Federal" "zero-Reserve" "scam-System" finally goes belly up, we will be forced back to the Constitution in every walk of life, but most specifically in what we use, nationally, as "money." When that day comes, gold and silver will, undoubtedly rule the economic roost in these united States, once again.

Here is a fine article by the good folks at ZeroHedge which delves more deeply into this topic:

https://www.zerohedge.com/news/2018-11-10/end-nanny-state-what-happens-prices-when-gold-money?fbclid=IwAR0tZTdi_6nCQKsFZcuPw5h-A2OhVqdQ3MEm41tnS7iwU1URbSkSZvLSgxM

Here is one important excerpt from the link above:

"We can see the state is irretrievably bust. But governments don’t go bust, economists tell us, because they just issue more money to pay the bills. This is wrong: it is going bust by other means, and those of us who don’t see it are driven by wishful thinking. Ultimately, government-issued money will reflect its issuer’s complete bankruptcy. And there’s no point in following up the collapse of one fiat currency with another. The Zimbabwe dollar is followed by the bond note, and Venezuela’s bolivar is being followed by the bolivar soberano. Bust is bust is bust. It is the logical outcome for all national currencies issued by spendthrift governments. In the entire scope of human history, government money is always ephemeral. It dances above the water for a relative day or two before it is spent and dies. One day in the future, we will turn back to gold, as we always have in the past...

...When gold is money and bank credit is eliminated, trade imbalances cannot arise.
...The implication is that most commodity speculation in fiat-money economies is eliminated with gold, because speculation, whether it be backed by lines of credit or in futures (which ultimately are backed by credit) becomes severely restricted.
...The demand for risk management through the use of derivatives is likely to recede as well, due to the absence of volatility on the currency side of prices.
...Commodities priced in gold will therefore be more stable.
...an absence of central bank intervention, which ceases with sound money, ends the destabilising credit cycle."

These outcomes are all EXTREMELY positive, both for the economy and for human freedom. GOLD AND SILVER coins are needed, badly, if we are ever to take control of our own destinies again and eliminate the MASSIVE POWER of the international banksters, the oil powers, and their thousands of minions, servants, sycophants and constituents.

Understanding real money (and having at least some of your assets IN THESE CONSTITUTIONAL CURRENCIES on hand --not in a account--) will be crucial to both individual and national survival once the SHTF.

It is coming.

Being forewarned is being forearmed.

My suggestion is to have at least 10% of your total wealth in gold and silver, and an even larger portion in un-inflated real estate in non-bubble markets, and especially in LAND.

We are all in this together. We need to help each other in any way we can, and winning the information war is an HUGE fist step. But, we must win it BEFORE THEY TAKE OUT THE INTERNET. That is why they are constantly monitoring (and censoring) all major social media platforms--i.e. to know when it is time to head to the bunkers, take down the internet, and hit the global "reset" button through MAJOR UNLEASHING OF MASSIVE WEAPONS OF MASS DESTRUCTION and hordes of HIRED TERRORISTS.

Be aware. Have food, money and the weaponry to protect them, for at least two years, THEN get some gold and silver bullion in coin form...BUT ONLY FROM well known bullion houses whose products will not have to be assayed (and that can ruin the value of other products) after TSHTF. (Numismatic coins are a luxury few of us can afford, and their value will NOT EVER inflate enough v.v. well-established bullion coins.)

God bless!

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howdy sir mepatriot! so we should only buy and hold actual currency and not rounds or bars? And going to a gold backed currency will only happen when a collapse happens because that will force it right?

NO...do not hold what WE call currency today (i.e. intrinsically worthless paper.) HOLD GOLD/SILVER ROUNDS, yes, but not those from relatively unknown mints. Stick with the Engelhard, Johnson & Matthey and the like...U.S. Mint is OK too, of course. The point is to always avoid the necessity/cost to have your gold "assayed" in the event you want to sell. Don't pay extra to hold numismatic coins, IMHO...you know... famous government-issued coins from whatever country, valuable, in-part for their age, condition, etc. PAY FOR AND HOLD ONLY bullion (for gold content,) not historical value.

Who knows when?..it's even possible TPTB may choose a gold and/or silver-backed world "currency" (which I still would never hold.)

ok sir mepatriot..great advice. Now all I gotta do is talk Mrs. J into it because she thinks it's spending money. lol.

I hear ya. A lot of people think that paper with ink on it is "money." You're not alone.

True but if things really collapse they might learn real fast.

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