The Trans-Pacific Partnership (TPP) Violates Free-Trade Principles

“The cumulative trade deficit today, about $10 trillion — no typo — would not have been possible if we had an honest monetary system, one that is in compliance with the Constitution. Imagine what would have been, and would be, the employment level, standard of living, pension funding levels, etc., if we had produced an additional $10 trillion worth of goods and services over the period. It would be a different world.”

Understanding United States Money

United States Silver Money This is silver money. It is in fact and in law a one dollar coin as provided for by the Coinage Act of 1792. It is in conformity with the dollar referred to in the 7th Amendment to the Constitution. This is not a dollar. It is a promise to pay […]

Six Reasons Why Promoting the Gold Standard is a Mistake

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Promoting the “gold standard,” even with modifiers such as “classical,” “pure,” “100%” and others, or any monetary regime whereby paper money is “backed by,” “redeemable into,” “pegged to” or in any other way related to gold is a mistake for six reasons: The gold standard is not authorized by the Constitution. The only money authorized […]

Labor & Union Issues

Labor, Unions and Workers know they have been swindled, their pensions jeopardized, and a lifetime’s work placed at risk. The last time American workers were faced with fixing their financial system, American Labor called for a fair and honest monetary system, enjoyed broad public support, and worked to achieve it. The ensuing prosperity lasted more […]

The Fed is Causing, not Curing, Deflation, Low Wages, Unemployment and Reducing Demand

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The Fed believes that Zero interest-rate policy (ZIRP) will boost the economy by increasing credit creation, making it more profitable to build factories, start businesses, with increased demand and employment to follow. ZIRP, a euphemism for facilitating the creation of legal tender irredeemable paper-ticket-electronic make-believe money out of nothing, does bring forward sales of some […]