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The Foundation for the
Advancement of Monetary Education (FAME) and The Larry Parks Show present...
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Collapse
of the Dollar
Monetary Malfeasance, Resurrection of Gold:
Reasserting the Monetary Powers and Disabilities of
the U.S. Constitution
Presented by Dr. Lawrence
Parks, Ph.D. |
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Relying on authoritative data and the historical record, the
following videos explain why:
- Our monetary system is
dishonest at every level, from the lack of definition of
our money to the behavior of the banking system.
Dishonesty cannot be cured by regulation.
- Legal tender, which is
defacto coercion, is not in conformity with free
markets, nor is it authorized by our Constitution.
- Jefferson, Washington,
Hamilton, and Madison, whose likenesses appear on our
money, condemned paper money. Madison, the principal
author of the Constitution, said it was “unjust” and
“unconstitutional.”
- Our monetary system is
unstable and will blow up, because there is no longer
any market based self-correcting mechanism for
increasing financial leverage, increasing debt, or
increasing the money supply. Historically, whenever the
authorities have had the ability to issue legal tender
irredeemable paper-ticket money, they were never able to
resist the temptation to over issue. Savings, annuities,
and pensions are at unacceptable risk.
- Legal tender
irredeemable paper-ticket-electronic money results in
interest rate volatility as well as foreign exchange
rate volatility, neither of which is acceptable to the
producers of goods and services at home or abroad.
- The remedy to the
current financial debacle is to reassert the monetary
powers and disabilities of the Constitution.
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