The ETF Report
Weekly Comments
Week of August 23 – You Can Lead A Horse To Water, But You Can’t Make ‘Em Drink. Despite the best efforts (best for them!) of the administration to get the economy going, apparently things are not yet going. Or they’re going, but the wrong way. Some say the banks aren’t lending, for example, but if you view the banks with a jaundiced eye (which I do), do banks want to lend, or do they want to put us to the wall? Maybe they know they have us over a barrel, and they’re closing in for the kill. In this crazy world of boom and bust, we are in the bust phase of the equation. Consider, if you were about to reposess half the houses in the country by keeping people unemployed and businesses starving for capital, why not? You have created the “money” (out of the air) to buy housing at ridiculously silly prices years ago, and the lemmings went out and bought overpriced real estate, and put themselves into an unrealistic and precarious economic position, and now you have them where you want them, unemployed and out of “money”, and you can gather up all these properties for cents on the so-called “dollar” so that when the cycle turns and banks loosen the “money” and things start to come back to life again, the banks will make a killing. Remember, one of our early Presidents said something to the effect (I’m paraphrasing) that first by inflation and then deflation will the banks rob you of your property and the fruits of your labor.
But fear not. There is an answer. It’s in your Constitution. Faced with Foreclosure, for example? Well, the question is, did they really lend you dollars? Did they lend you money? This is crucial, because we all live in States, after all, these are the States United, and the Constitution addresses the question of debt in Article One, section Ten. It says there that “No State shall make any Thing but gold and silver Coin a Tender in payment of Debts” When you got a mortgage, did they lend you gold and silver coin? If not, what did they lend you? Go to court yourself (don’t go with a lawyer unless you can find one that understands English and can read and understand the Constitution) and ask the judge in your foreclosure case the same question.
Why is this important? The whole economy is based, hangs on the idea of a fiat currency, whereas we started out with a commodity-based currency, the commodities being gold and silver. Now, somehow or other, they (someone) apparently (covertly) changed the rules of the game from what the Founding Fathers had established at the birth of our country, into this house of cards (indeed, paper) about to fall on our heads. We need to get back to a stable, fixed standard of value as fixed in Article One, section Eight. Otherwise, this system based on fraud, cheating, chicanery will doom us to an economy surely headed for destruction.
L. Sarsoun
Author of “America’s Monetary Mess”
321-259-4729
