The ETF Report Lawrence Sarsoun
321-259-4729 sarsoun@hotmail.com
Week of Dec. 13. Divers Weights and Measures – Along about the time the good Lord was passing out the Big Laws (you know, the Big Ten), he also offered a few minor suggestions, just because He always liked folks dealing fairly with one another (He dislikes cheats: He’s very much into fairness). So once upon a time, He came out for sound money (Congress, Fed Reserve, are you paying attention?). You can check it out in His book, the Bible, in two section (Proverbs 20:10, page 534 in my Bible, and Proverbs 20:23, same page). Not only was this practice characterized as sin, but this type of sin is called “an abomination”, which kind of makes such activity an extra bad sin (shame, shame on all you inflators). But then, He tried to tone it down a little. He says “and a false balance is not good”. That’s probably the same kind of conclusion all the people had in Germany after the First World War, when they were trying to buy bread for a wheelbarrow of paper per loaf. Yes, a false balance is definitely not good.
Now this balancing harkens back to the good old days when we had money here in the U.S. of A. What, you didn’t know? That’s right, last bit of money was back in the 60’s. At that time, you could get notes from the Federal Reserve that said the paper money was redeemable in money at the U. S. Treasury or any Federal Reserve. I tried that, but it did not work. In fact, they threw me out of their institutions on my butt. Not very nice fellows.
Oh, the new stuff in silver? Violates the Coinage Act of 1792, which established the standard of value here in the U.S. (in line with A1, S8, cl5) as a dollar, 371 ¼ grains of silver 9/10 fine. The morons coining the new stuff are coining full ounce coins of silver and calling them dollars. WRONG! What? You didn’t know that the Coinage Act of 1792 is still on the books and still in effect? Of course, it’s still in effect. Article 0ne, section 8, clause 5, says it’s still in effect because our Founding Fathers penned a Constitution that FIXED (established something that was not to be changed) the standard of Weights and Measures.
Of, course, that throws new light on the idea of having a different standard other than silver. This was William JenningsBryan main point when he was running for President, i.e., we are on a silver standard (Fixed), and therefore it was silly to think that the standard could be changed to gold (it would no longer be a standard!) And just as silly would be the idea that, if you did change it to gold (but, of course, you can’t), you could devalue the standard (another silly idea).
So, getting back to balancing money, back when we had money, people used to cheat (even with the coined money) by finagling with the coinage. The consumer would try to pass off coinage that had been tinkered with, and the merchant would try to catch such crookedness by weighing the coinage with a balance. Merchants were not above chicanery, they could cheat, too. So God, being just, warns those folks as well.
So to recap, we are still on the silver standard and will be so unless the Constitution is changed (an amendment would be required). Mere law cannot do it. Are you getting the drift? We have wickedness in high places. What’s a person to do? Well, there’s more mention of money in A1, s10, which is a section dealing with prohibitions on states. There it says “No State…. shall make any Thing but gold and silver Coin a Tender in Payment of Debts”.
OK, we’ve established that there is no money in the U.S. Paper notes were first tried by President Lincoln during the Civil War as Mr. Lincoln’s response to the bankers because they (evil scumbag types) refused to lend to finance the President in the Civil War. It has been said that the bankers got even, thanks to a certain Mr. Booth. These notes were known as greenbacks. Unlike the current Federal Reserve notes, the greenbacks were redeemable, and after the hostilities, they were all gradually redeemed. Today’s FRN’s used to have a legend (1965) offering redeemability, but redeemability ceased decades ago. A fiat currency basically says, “Sorry, you fool, take it or leave it”.
So we are currently faced with an irredeemable, illegal, immoral unConstitutional currency which is an affront to Almighty God with the hypocritical legend, “In God, we trust”. I think God wants no party with thieves, swindlers, and “wickedness in high places”. Take His name off of your mischief.
What can we do? Why not plead poverty? When the taxman cometh, realize the paper is bogus and that you cannot “pay”. There was a court case regarding this very issue. Payment in notes does not attend if the notes are not redeemable. If you cannot pay a State in gold and silver coined money, then you cannot pay. In my book, “America’s Monetary Mess”, I predicted decades ago that the States, cities, and municipalities would be going broke because they cannot create money out of thin air (the Feds can’t either, but they are anarchists). Continue, as I have told you in the past, to convert this depreciating currency into things of value, food you can store to feed your family, water and other essentials, weapons and ammunition. Forego silly pleasures to invest in your family’s future. Realize that this paper we are playing with as of finite (questionable) value and steer yourselves towards things of lasting (spiritual) worth. Our most recent recommendations are provided in the Daily Comments, along with a phone number for personalized guidance.
