What Should Every American Know About Money?

"All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation." _-John Adams

FEDERAL RESERVE

The Fed is Lifeblood to the Root of Evil by Alexander Baker — Without central banking, it is doubtful that any of the great wars of the 20th century, or the current debacle in Iraq, would have ever taken place, certainly not on the scale we have seen.  If we want to strike at the root of evil, we must look long and hard at the practice of central banking.  If we do, I think we will discover that central banking is the very lifeblood to the root.

The Federal Reserve, a Corrupt Institution by Louis T. McFadden — "The Federal Reserve banks are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers."

HISTORY

The Bankruptcy of the United States by James Traficant — "We are presiding over the greatest reorganization of any bankrupt entity in world history: the U.S. Government."

The Nature of Money by Sylvester H. Cain — Historic interactions between participants at the Constitutional Convention in Philadelphia that shed light on the nature of money as a medium of exchange, and the pitfalls of poorly designed systems.

The Worst Episode of Hyperinflation in History by Thayer Watkins — Hyperinflation is just inflation at an extremely high rate. Usually this also means the inflation is out of control and its level is not precisely predictable.  Could it happen here?

MONETARY LAW

Legal Tender Status — According to the United States Department of the Treasury, there is no Federal statute mandating that a private business, a person or an organization must accept currency or coins as payment for goods or services.

The Living Dollar by Joseph Sobran — No legal tender law is ever needed to make men take good money; its only use is to make them take bad money.

Trashing the Constitution by Edwin Vieira — How misconstruction of the Constitution's monetary powers and disabilities subverts the Founding Fathers’ intent.

MORALITY

A Caveat Against Injustice by Roger Sherman — An inquiry into the evils of a fluctuating medium of exchange.

God, the Devil, and Legal Tender by Rousas John Rushdoony — Values are God-created, not man- or state-created.

Gold and Economic Freedom by Alan Greenspan — Deficit spending is simply a scheme for the "hidden" confiscation of wealth.  Gold stands in the way of this insidious process.

Money and Morality by Joseph Sobran — Inflation doesn’t just “happen,” like lousy weather.  It’s the result of human choices, and those who inflict it should be held responsible.  Better yet, we should return to money that can’t be inflated.

The Moral Issue of "Honest Money" by Gary North — The gold standard offers men an alternative to the fiat money systems that have transferred massive monopolistic power to the civil government.

Paper Money and Tyranny by Ron Paul — A central bank and fiat money enable government to maintain an easy war policy that under strict monetary rules would not be achievable.

Please Define 'Dollar' by Dr. Paul Hein — Money is one of the basics of society.  If the money is inherently dishonest, what does that say of the people who issue it, or even of the people who accept it?

PRECIOUS METALS

The Case For Silver by James Grant — Gold may well be a better monetary asset, but the white metal has many more practical uses, from the arts to medicine. And its consumption exceeds its output.

Dumb and Dumber by Ted Butler — For 15 years, we have witnessed two of the world's most important markets, gold and silver, distorted beyond reason by an idiotic premise enthusiastically embraced by people who should know better.

Gold: A Rediscovered Investment by Charles E. Carlson — As long as interest on savings remains low and inflation is present, gold makes perfect sense.  Citizens around the troubled world know this and are buying.  Unfortunately, most Americans are still beguiled by what their stockbrokers tell them.

The Great Silver Lie by Ted Butler — The entities involved in silver leasing are, in effect, providing the market with embezzled silver.  They are all operating as if the borrowed silver can be returned.  But this is impossible; you don't need an economics degree to know that something consumed can't be returned.

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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." _{-Thomas Jefferson}