I believe we were created to be free and that the American idea was founded on the principle of Freedom and to be built on a foundation of Freedom.
It’s been taught that the primary reason for the American Revolution against King George III was ‘taxation without representation’ which the colonists could have tolerated with nothing but a loss of dignity. However, taxation without representation is a cover for something deeper. Further research reveals the fact that the revolt against King George’s STAMP ACT of March 22, 1765 was precipitated because the stamps had to be paid for in British currency the Colonists did not have and were not allowed to obtain by trading with alien nations. The Colonists would have to borrow from and go into debt to the bank of England in order to pay the tax. They would be bound, not Free. Freedom from Debt bondage precipitated the Revolution.
This fundamental truth was missed and not taught in America. Why? This untaught truth of the desire to be free of debt bondage is why, since 1933, 141 years after the 1792 Coinage Act, Americans and their government, once economically free, were made debt slaves, in debt to private commercial banks for every penny. How? Special interests lobbied to pass bad laws that relinquished Congressional authority to create money to private interests in violation of the Non-Delegation Doctrine. America was finally in debt to ‘the King,’ suffering the growing loss of their Freedom, economic contention, political corruption and destruction of their country. Congress is no longer in control of our nation or money.
Today, money only exists while it’s owed. While it exists, the debt grows. The money supply only grows with more borrowing; more debt. “Money is created when loans are issued and debts incurred. Money is extinguished when loans are repaid.” Source: John B. Henderson, Senior Specialist in Price Economics, CRS. The debt is always greater than the money supply and growing with time. This debt affects the costs of living and the behavior of humanity.
Clearly, it was not in the Spirit nor Intent of America for its citizens to be in debt or to be forced into debt. Debt bondage could not make the colonies nor the new states Free and Independent as stated in our Declaration of Independence.
Yet, those inclined for their benefit; to rule over and control people didn’t stop when the Revolution ended! Those people, their ideas and determined influence followed us to our new America. The masters of debt continued their attempts to bind and control us. This can be seen in the following instances of our nation’s development.
In 1787, Article 1, Section 8 of our Constitution, a people, supposedly with Freedom foremost in their minds, gave Congress its first authority; to lay and collect taxes. How much taxes? For what purpose(s)? Next, we gave Congress the authority to borrow money. Who convinced all the others to give this authority? Three authorities later, Congress was given the authority to coin money. Coin, is used there as a verb like to ‘coin a phrase’ or to ‘coin leather.’ Neither a coined phrase nor coined leather is metal or money. Coin meant to create. Considering Freedom foremost and opposing debt, money was not to be coined as a debt to the people but as a wealth to the people; money that was free of debt and interest, free from obligation to perform for anyone.
Art. 1, Section 9 states that; “…..receipts and expenditures of all Public money…” Money was to be public, not private, like it has been completely for 92 years.
A free, sovereign and thinking people, giving itself authorities, should not first give itself the authority to borrow and later the authority to create money. The authority to create money should have been first priority as the authority to create money would make borrowing unnecessary. With all the thought that we are told went into the Constitution, who convinced all the others that borrowing should be necessary and a first priority ahead of money creation? We had just fought a war to prevent being forced to borrow, put into debt and obligated to perform for another (the King) against our will. Without having been duly convicted of a crime, being forced to serve another would violate our supposedly much valued protection against the Involuntary Servitude stated in the 13th Amendment.
Art. 6 states that all debts contracted…shall be as valid against the United States. Why debt? With the authority to create money as a wealth, there is no need to borrow, no debt, no interest and very low taxes. Taxes for social help programs are not needed as the people are able to work and satisfy most of their needs. Limited government.
Section 10 declares that No state shall make anything but gold and silver coin a tender in payment of debts. This was 1787. Where would the states get the gold and silver? The only gold or silver available to make coins was ornate objects, silverware and coins from the old country. Who convinced all the others that they must use that which wasn’t available? Sounds like King George III demanding we use British currency we did not have. Was the gold and silver declaration intended to encourage borrowing?
The 1792 Free Coinage Act, passed 5 years later, provided for people, not government nor private interests to control the increase in the money supply. The PRINCIPLE was that people had to do something first with their labor and raw resources. Any person who could obtain and bring gold or silver to the Mint could have it weighed, assayed and stamped into coins Free of Charge. The PRINCIPLE of Free Coinage promoted the general Welfare as the production created a mutual benefit to the public; a debt free medium of exchange that they might do commerce and save freely without having to be in debt. It enabled truly Free trade; a truly Free market; truly Free people! The money supply only increased with a productivity gain that promoted the general Welfare. The medium of exchange represented our labor, raw resources, ownership and the wealth of our nation. If desired, one could deposit their coins in exchange for a paper certificate of deposit, a receipt indicating ownership. The receipt could be used as an exchange medium or redeemed when desired for the amount of gold or silver indicated. Had the Founders only meant for gold and silver to be used for money, why was the issuance and use of paper certificates of deposit acceptable?
Free coinage grew slowly. The first documented gold discovery in the United States wasn’t until 1799 Cabarrus County, North Carolina, 7 years after the 1792 Coinage Act. Silver wasn’t discovered in the United States until 46 years later in 1838 at the Silver Hill mine in Davidson County, North Carolina. As gold and silver metals were scarce, Philadelphia, the first Mint, struggled to Mint coinage to meet demand providing only copper pennies for circulation in March of 1793. Why would copper be minted if only gold and silver were to be money?
While anticipating the increase in Free Coinage, American’s used many other things for money including ‘paper’ bank notes and continue to this day using checking account money, (numbers) created as loans, and bank notes, all evidence of our indebtedness. The cotton-linen Federal Reserve notes used today are not the money but represent the true money, numbers created on bank computers as loans by banks to borrowers. Had Americans and their leadership sincerely desired that only gold and silver be used for money, they would not have accepted the use of a piece of ‘paper’ for money, especially one that indicated someone’s indebtedness and what they owed.
The debt influencers continued when, in 1853, Congress passed law ending the Free coinage of silver except for the one-dollar denomination. Who convinced all the others to pass this law?
In 1863, Congress passed and President Lincoln signed the National Bank Act establishing a system enabling newly created national banks to increase the debt money supply by accepting U.S. Treasury securities, promises to pay back, as collateral to ‘back’ the money the banks created. The creation of money as debt was growing while the creation of debt free money was slowly being erased. Who convinced all the others to pass this law?
Just 10 years later, in 1873, Congress passed another law ending the Free coinage of all Silver. Who convinced all the others to pass this law? Contrary to popular thought, the ‘SWITCH’ from debt free wealth to debt did not begin in 1913. The effort to change our medium of exchange from wealth to debt began at the beginning of our nation. In 1913, the Federal Reserve Act simply consolidated all the national banks into 12 District Federal Reserve Banks.
Just 20 years later, in 1933, President Roosevelt’s Executive Order 6102 demands all remaining wealth money, gold coins, gold bullion or gold certificates of deposit be redeemed for Federal Reserve Notes, evidence of indebtedness, what we owe, under threat of a $10,000 fine and or imprisonment up to 10 years. Free-coinage, the PRINCIPLE of a debt free medium of exchange and a Free America was ended. Congress had finally completely relinquished, its sovereign, constitutional authority to create money to another entity in violation of the Spirit and Intent of that authority, our country and the Non-Delegation Doctrine. Who convinced Roosevelt to issue this executive order? Why did our ancestors go along with this with no resistance? Home of the Brave?
The answer to ‘who convinced’ in all the previous questions is ‘special interests.’ Their ability to convince, then as now, could come from the general lack of the knowledge or caring among Congress and the citizenry as to how to create money and put it into circulation in a manner that promotes the general Welfare, Liberty and Justice for All. It may have also been then, as today; persuasion that convinces others to act in an alternate favor by a gift of money, position or other inducement. Or, could it have been and be a combination of both?
Is today’s momentum towards crypto, bitcoin, tech reserves and cashless trade a movement toward Freedom or a path deeper into debt bondage? Is it advancing the monetary system we have today in which the few who understand how it works benefit at the expense of the masses who do not?
Unlike our ancestors in 1933 who willingly surrendered the wealth they owned for debt they would owe; will you shout out in opposition to debt bondage and take action demanding law be passed restoring the principle of a debt free medium of exchange, economic Freedom, Justice and prosperity for all or, will you cower, afraid of addressing the issue, continuing to deceive yourself that you live in the land of the Free and the home of the Brave? Will you continue to use that trite phrase, “thank you for your service” to those who were killed and maimed protecting rights and freedom you and others no longer have?
The SOLUTION is to transition to and restore the PRINCIPLE of a debt free medium of exchange. Combine 2 Intents stated in the Preamble to our AMERICAN Constitution; promote the general Welfare and secure the blessings of Liberty with the Congressional authorities to coin money and to establish Post offices and Post roads.
Our U.S. Treasury shall create all money and spend it into circulation debt free, in lieu of taxation or borrowing for the labor and materials we first provide in building and maintaining our Post offices and PUBLIC roads and bridges; production everyone needs, uses and benefits from mutually. The money supply will only increase with productivity gains as described herein and represent our labor, raw resources, ownership and the wealth of our nation. The money is free of debt and interest and free from obligation to perform for anyone.
There is a better life after debt. Be A Debt Freedom Friend!
Tell your Congress people to introduce and pass the Original American Transportation Act. The ATA, now just 6 easy-to-read pages and 14 sections is available online for your reading, printing, downloading and sharing with your friends, neighbors and Congress people at www.debtfreemoney.org
