Foundation for the Advancement of Monetary Education

The World's Only Think Tank Focused Solely On The "Money Issue"

The Most Important Worker Right: The Right to be Paid with Real Money

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube
  • HOME
    • Blog
    • Articles: Table of Contents
    • Videos: Table of Contents
    • Larry Parks
    • Edwin Vieira
    • Ferdinand Lips
    • Site Map
  • ABOUT
    • About
    • Brief Summary
    • Notable Quotes
  • START HERE
    • How Real US Money Became Bogus, aka, Fiat, Money
    • Summary of Tradeoffs Between Gold and Paper Money, Public Policy and Informational Issues
    • Six Reasons Why Promoting the Gold Standard is a Mistake
  • ISSUES
    • Labor Unions
    • Manufacturing & Trade
    • Retirement Security
    • Constitution & Legal
    • Monetary System
    • Religion Related
    • Investment Gold
    • Federal Reserve
  • PUBLICATIONS
    • Larry Parks Testifies Before the US Congress
    • What Does Mr. Greenspan Really Think?
  • MEDIA
    • Lectures
    • Interviews
    • Radio Interviews
  • CONTACT
  • SUPPORT
You are here: Home / Constitution & Legal / Larry Parks Testimony on Montana Sound Money Bill (HB 639): Collapse of the Dollar

Larry Parks Testimony on Montana Sound Money Bill (HB 639): Collapse of the Dollar

June 7, 2015 by Larry Parks

Print This Post Print This Post

On March 12, 2009, the Montana House State Administration Committee held a hearing on HB 639, the “Sound Money Bill” This is the testimony of Dr. Lawrence Parks at that hearing.

Dr. Parks is the Executive Director of the Foundation for the Advancement of Monetary Education (FAME). He is also the author of the acclaimed book “What does Mr. Greenspan REALLY think?”

An extended version of this presentation can be viewed at ConstitutionalMoney.org. Please help support our efforts by making a donation at that site, or at the FAME website.

For more information, and to join the fight for sound, constitutional money, visit MontanaSoundMoney.org.

In this presentation, relying on authoritative data and the historical record, Dr. Parks explains 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 de facto 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.

For more information, see:

More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11
To get a copy of What Does Mr. Greenspan Really Think? from Amazon, click HERE


Support FAME

Follow
Facebooktwitterlinkedinrssyoutube
Share
Facebooktwitterredditpinterestlinkedinmail

Share this:

  • Post

Like this:

Like Loading...

Filed Under: Constitution & Legal, Debt, Investment Gold, Lectures, Monetary System, Videos Tagged With: bail out, Constitution, debt, deficit, derivatives, Dollar, economy, fiat money, Gold, interest rates, jobs, manufacturing, pensions, R&D, real wages, silver, social mobility, trade, war, waste

JOIN THE FIGHT FOR HONEST MONEY BUTTON 6-14-15

Meaningful Insights

“As long as we issue fiat currency, I see no alternative to a legal tender law.”

— Dr. Alan Greenspan, Chairman of the Federal Reserve Board of Governors, 11/20/2003

Religious Issues

Most Christians, Jews, Catholics, and Muslims know that … Read on

Recent Posts

  • The Most Important Worker Right: The Right to be Paid with Real Money
  • When is “Free-trade” not Free-trade? When it’s done with fake, a.k.a., “fiat” money
  • Larry Parks Testifies Before the US Congress
  • What Does Mr. Greenspan Really Think?
  • Interview with Jay Taylor

Subscribe

Receive periodic updates on FAME research, events, and publications.

CONTACT

FAME
909 Third Avenue #625
New York, NY 10150
Phone: 212-818-1206

Contact Us

SOCIAL MEDIA

  • Facebook
  • Twitter
  • Linkedin
  • YouTube
  • Google+
  • Instagram

ALSO FROM FAME

  • ACLU
  • AFL-CIO
  • KC Labor
  • The Chief Leader
  • Union Democracy
  • The Work Site

· © Copyright 2015 · FAME · All Rights Reserved · Privacy · Terms ·

Foundation for the Advancement of Monetary Education is a 501(c)(3) not-for-profit organization.

Contributions are tax-deductible to the extent permitted by law.

%d