For some time now I’ve been thinking about all the revelations that the internet provides and how it’s ubiquitous communications capability has fundamentally altered the way everyone does business. Especially government business. Along those lines, it occurred to me the other day that our traditional economic policy of constantly inflating the currency in order to allow banks to securely service debt with only fractional reserves was dependent on the fact that the common, ordinary citizen bank customer never before realized that without the FED’s printing presses, all banks are insolvent because the only legal tender happens to be Federal Reserve Notes… which is inherently counterfeit.
At about the same time, I heard about Congressman Ron Paul’s “Free Competition in Currency Act.” I connected the dots with the following letter to my legislative representatives. Needless to say, I hope a lot of citizens learn about and support the benefits of having a legitimate currency.
Subject: Free Competition in Currency Act
Please co-sponsor and do all you can to help pass Ron Paul’s “Free Competition in Currency Act” (HR 1098).
Unless you are afraid of exposing the FED’s counterfeiting Federal Reserve Notes that have less and less value, you will want to co-sponsor and support HR 1098.
The only reason to oppose HR1098 is to hide the fact that counterfeiting is illegal for good reason and an admission that you don’t understand that Keynesian consumer stimulus schemes depend on a level of secrecy that the internet and worldwide communications technology have forever rendered obsolete.
In the wake of the FED’s expansion of it’s balance sheet, consumers in a bygone era consumed irresponsibly only because they had no reason to know that the influx of currency didn’t occur naturally because of an expansion in production. Now days everyone knows that these influx’s are temporary, fraudulent monetary perversions, and for that reason even banks aren’t pushing their ill-gotten gains into the marketplace.
Enter the 21st century and stop pretending that FED counterfeiting can be done in secret. Publicly and intellectually acknowledge that FED counterfeiting will never, ever again be able to trick citizens into believing that it isn’t fraud on a massive, worldwide scale.