The ETF Report
copyright 2010
We, the People (the Constitution says, in Article 1, section 8), told our representatives, the Congress, what powers we were giving them in this section of our basic law. In this section, we told the Congress that they are to “coin money… and fix the standard of weights and measures”. One of these standards is the standard of value, what we are to use in the pricing of goods and services. The Congress responded quickly with “the Coinage Act of 1792”, wherein we decided on the standard called the dollar. It is a coin of 371 1/4 grains of silver, .90 fine. The Constitution says the standards are to be fixed, i.e., unchanging. Fixed means “once established, not to be changed”. So the dollar then (and even now) is a silver coin.
Now, along came the Federal Reserve (which, by the way, is neither Federal, nor does it have any reserves) and they perverted our money system, promoting a paper system of no intrinsic value, slowly changing everything, even to the point of persuading everyone to believe a “note” for a dollar (the silver coin) becomes the dollar. But before 1965, the notes used to say, “this note is redeemable for lawful money”. So the Federal Reserve Note is supposed to be redeemable, you’re supposed to be able to get your gold and silver coined money. But once the notes are no longer redeemable, the note is bogus, it is irredeemable and suspect, for sure, it is no longer acceptable in a state or local court because Article 1, section 10 prohibits the states from making (using) any thing but gold and silver coin as a tender in payment of debt. It is now susceptible to being inflated, to copious amounts of unbacked, non-intrinsic-valued currency being created out of thin air, with the consequence that “the more they print of the things, the less they are worth”.
So now I have an opportunity to bring this message to the world. I have recently been to court (Brevard County, Florida) for a seat belt violation, convicted, ordered to pay “50 dollars” (whatever that means). Can I “pay” this fine? No!
Now, we take it a step further. I am a school teacher, employed by Brevard County, Florida, which is a political subdivision of the state. Since Article 1, section 10 requires that no state make any thing but gold and silver coin as a tender in payment of debt, I must ask why am I not being paid in silver dollars? And because I am not being paid in silver dollars, I cannot be expected to tender silver dollars for a county fine, can I?
Lawrence Sarsoun
321-259-4729
sarsoun@hotmail.com
Melbourne, Florida
