[e-gold-list] New Gold Directory

[Alexis Golzman]

I just finished this site:

http://www.GoldenDir.com

You can start adding your listings already.

I accept your suggestions...

Cheers,
Alexis Golzman
http://www.GoldenRaffle.com
http://www.RestYourEyes.com
http://www.Mastercrypt.net

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[e-gold-list] I would have avoided stealing

[Vince Callaway]

 >"No state shall...make any thing but gold or silver a tender
 >in payment of debt." Article IV as I recall, though I get
 >older and memory works less well.

This is article one section ten.

I think the only state that does this is Hawaii.  This part of the 
constitution applies to States, not the the Federal Government.

In section eight you find:  To coin money, regulate the value thereof, 
and of foreign coin, and fix the standard of weights and measures;

Even though we all know our founding fathers never intened it, the fed 
fits in with that authority.  By controlling the money supply they 
control the value of that money.  There is nothing there that says it 
has to redeemable in anything other than coin.  They have plenty of 
"golden" dollars to exchange for your paper.

You can flame me all you wish, but from my laymens eyes the fed is 
perfectly constitutional.  Even if it is immoral.

In two generations the banking industry has co-opted the money supply 
and demonized gold and silver.  It is up to people like us to reverse 
that by showing fed notes as being evil and that we need to return to 
real money.

I personally carry $25 worth of Norfeds with me all the time.  I hand 
them out to folks as often as possible.  They are a great education tool.

--
Vince Callaway
FreedomHound.com


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[e-gold-list] Re: Enron reflected in gold accounts racket

[Jim Davidson]

Dear Steve,

>I'm not sure the article really says this.  

Well, I read the article, which is on MiningWeb's current
issues page.
 http://www.mips1.net/mgfin.nsf/Current/
It also says:
"What he has found does not irrefutably prove the 
 alleged conspiracy against gold, but the fast and 
 loose behavior evident in Fed and Treasury accounting
 is astonishing. There is no company that could massage 
 its accounts so blatantly, for so long, and not get 
 carpeted for it. But, what is government's purpose 
 if not to formalize dishonesty?"

Gee, I really like that turn of phrase:

  "What is government's purpose if not to formalize
  dishonesty?"  -- Tim Wood, 2002

Regards,

Jim
 http://www.goldbarterholdings.com/
 http://www.two-cents-worth.com/?101468&EG


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[e-gold-list] Re: run, don't walk...

[Jim Davidson]

Dear Patrick,

With regard to my reply to Snow Dog, let me note that
your ideas are also very sensible.

> FDR engaged in theft and counterfeiting as a solution to 
> a problem caused by theft and counterfeiting.  

> The sale of government assets include office buildings, 
> vehicles, huge tracts of land, etc.  

Sadly, much of this land was never properly a part of the
Fedgov's assets.

> In other words, my solution would be:  take every
> action to make good on all the gold redemptions.  Do not 
> steal the gold.

Excellent.  "Do not steal gold" is excellent.  It should
be the watchword of everyone in this industry.  "Do not
steal gold."  

> I must emphasize that when the government devalued the 
> dollar and confiscated gold, they WERE defaulting on 
> their redemption obligations.

Hear-hear!  Yes!  Exactly!

> They didn't magically skirt the underlying hard reality 
> just because some politicians signed some pieces of paper.

On the other hand, a whole lot of fedgov goons had a whole
lot of fun rifling through homes and safety deposit boxes.

Stealing old lady jewelry is not the sensible alternative
to making good on debts.

Regards,

Jim
 http://www.goldbarterholdings.com/
 http://www.two-cents-worth.com/?101468&EG


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[e-gold-list] I would have avoided stealing

[Jim Davidson]

Dear SnowDog,

Hey, thanks for reading my stuff.

>> and wasn't helped at all by the FDR
>> decision to devalue from $20.67/ounce troy 
>> to $35/ounce troy, nor by his insane decision to 
>> rifle all the safety deposit boxes in the country, 
>> denying the private property of Americans who 
>> owned gold at the time, and taking much of
>> that gold for public use without just compensation.

> I'm curious what you would have done in FDR's place... 

Well, of course, I wasn't even born, so there wasn't any
chance of me being in FDR's place, the White House, sitting
in his wheelchair, doing his thing.

> Imagine that it's March, 1933. 

Before or after 9 March 1933?  Let's say just after.

> For several years there has been a 'run' on gold reserves, 
> and the supply of gold amounts to only a fraction of the 
> remaining Federal Reserve Notes in existence. 

Sucks, huh.  Must have been a mistake to pass that Federal
Reserve Act back in, what was it, 1912, turning into 1913,
late in the session, with something like 3 Senators making
the quorum?  Must have been a mistake for Woodrow Wilson
to sign it, too, which he notes was his major regret of
his administration.

> If you allow the 'run' to continue, then soon there will 
> be no more gold in the US Treasury to back the Federal 
> Reserve Notes remaining in use, throughout the country. 

Very bad news.  Can't imagine how the Treasury could have
been placed in this situation by those kind and gentle
souls over at the Federal Reserve Bank of New York, et al.

> Gold is legal tender -- nothing else -- and all contracts 
> in the country require payments in gold. 

Well, that's not true.  A great many contracts required the
ability to redeem in gold, or were written with the assumption
that dollars were convertible to gold or silver.

> So a default on the redemption of Federal Reserve Notes 
> would bankrupt the country -- and not just the government, 
> but all private debts as well. 

Would it?  That would certainly be an interesting situation,
to have a bankrupt government and a bunch of invalid private
debts, too.

> So what do you do? 

I would avoid stealing people's assets by devaluing the
dollar and I would avoid stealing people's assets by 
seizing all privately held gold in the country.

> Do you go to Congress and try to get them to remove the 
> country from the gold standard, and make all
> Federal Reserve Notes, legal tender. 

Seems like a bad idea.  One could pull a Lincoln and issue
greenbacks, backed by nothing.

> At the time, this was thought to be unconstitutional, 
> since the Constitution requires all states to make only
> gold and silver, legal tender. 

"No state shall...make any thing but gold or silver a tender
in payment of debt." Article IV as I recall, though I get
older and memory works less well.

Which makes Lincoln's behavior in issuing greenbacks to
finance his crisis, the war to demolish the Confederacy,
a bit of an amazing feat of derring-do.  Lincoln had an
emergency declaration from Congress; so did FDR.

> It would have required a Constitutional Amendment, 

It didn't for Lincoln, and, curiously, didn't for Nixon,
either, who also took the country off the gold standard.

The fact I think is important here is that taking the 
country off the gold standard would have been bad for
the banking cartel, and that's why FDR didn't do it.

> which would have taken several years to implement -- 
> and it would have to have been approved by 2/3rds of 
> the Congress and a majority of the state legislatures. 

Pish and again tush.  Slavery was constitutionally 
authorized until after the War for Southern Independence.
How did Lincoln get away with the Emancipation Proclamation,
which freed no slaves in territory the Union controlled
at the time, but freed slaves, by decree, in territory
the Confederacy controlled which slaves became free (and
were immediately conscripted by the army) as soon as any
of that territory came back into Union control.  But, the
Union's position was that all those states in rebellion
were and always had been and always would be a part of
the USA.  So, how could Lincoln have emancipated slaves
in any part of the USA without violating the constitution
he was sworn to uphold and defend?

Answer: he just did it, and let the cards fall where they
would.  For my own part, I think Lincoln violated the
USA constitution left and right so often that he should
have been tried and executed for treason.

> There was no time. So what would you have done? 

Avoided stealing.

> How would you have solved this problem, which appeared to 
> be coming at you like a freight train, from the first 
> moment you became President?

If we assume that I remain me when I take this hypothetical
position as FDR's stand-in, then I would get on the radio
and say, "The government is closing now for lack of funds.
Please go get your own gold and silver money and use that,
instead.  Anything you thought the government could be
relied on t

[e-gold-list] Debit cards SOLD out!

[Graham Kelly]

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We can also fund ANY Parex debit cards, as well as ANY Lateko cards.

If you need an emergency card, contact Frank from EuroGoldLine... otherwise,
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Graham Kelly CEO
GoldNow Corporation http://www.GoldNow.St
US Fax +1(509)278-2268
US Phone +1(501)855-2131 
UK Phone/Fax +44 (0)709-233-7612

Apply for your GoldNow anonymous debit card, now! This will let you transfer
your gold into cash! See my site for details.


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[e-gold-list] Why Do Governments Hate Money?

[Matthew Gaylor]

[Note from Matthew Gaylor: J. Bradley Jansen is the Deputy Director 
for the Center of Technology Policy
at the Free Congress Foundation.  Prior to this position he served as 
Rep. Ron Paul's monetary affairs legislative aide.]


From: Notable News Now <[EMAIL PROTECTED]>
Subject: fcfnnn010902  Inside:  J. Bradley Jansen's Commentary:  Why 
Do Governments Hate Money?
Date: Tue, 8 Jan 2002 18:12:40 -0500

Free Congress Foundation's
Notable News Now
January 9, 2002

The Free Congress Commentary
Why Do Governments Hate Money?
By J. Bradley Jansen

Why do governments hate money?  What people want from their money is a good
store of value, medium of exchange, unit of measurement and universal
acceptance-without it tracking their movements for Big Brother.

Private markets used to provide good commodity money before governments got
in the act.  People traded goods for higher use goods that better possessed
the qualities of good money: easily identifiable, easily divisible, durable,
etc.  Carl Menger, founder of the "Austrian" school of economics, explained
this development well in his Principles of Economics.

Unfortunately, governments seem unable to resist the idea of using money to
track their citizens.  Our anti-money laundering laws for the past quarter
century under the misnamed Bank Secrecy Act have required banks and other
financial institutions to monitor our transactions and report large cash or
other suspicious activities to the government.

Congress passed quickly and with inadequate debate in the anti-terrorism
fervor new proposals to combat money laundering.  What is rarely reported is
that the continuation of the current approach will fail to prevent any
terrorism.  Our approach is not designed to prevent anything-it only aims to
make investigations easier after the fact.  We are no safer from terrorism
by the financial provisions of the USA PATRIOT Act.

Unfortunately, the Europeans show even less respect for financial privacy.
Many European nations have decided to give up their national monies in place
of a single Euro with the promise of easier comparison shopping and lower
transaction costs for traders and travelers.  Bureaucrats have now seized on
the opportunity to use the new currency notes as people tracking devices.
Reportedly, the European Central Bank is developing a project to add radio
frequency identification tags into the fibers of the bank notes that will be
introduced in the next few years.  Promising to thwart counterfeiters, the
new tracking RFID chips would be used to follow the money-and their owners.
It wasn't daring enough that euro is the first money in the world to begin
as fiat money not backed by anything of intrinsic value-now the bureaucrats
want to use money against their own people.  Why do governments hate money
so?

The technology would enable the carry tax on cash idea proposed most
recently by Marvin Goodfriend, a senior vice president of the Federal
Reserve Bank of Richmond.  Happily, U.S. Representative Ron Paul spoke out
clearly and early.  By shining a light on this idea in its infancy, it
retreated back under its rock.  The carry tax would have tracked our
currency holdings and taxed the Federal Reserve Notes depending on how long
we held the cash.

As they say in the capital markets, money goes where it's welcome and stays
where it's well treated.  Argentina seems a good case in point.  When the
government there proposed a currency board-like system that promised to hold
U.S. dollar reserves for each Argentine peso about ten years ago, money
flowed into the system.  One strength of an orthodox currency board is that
is stops politicians from disguising the failure of their irresponsible
fiscal policies through monetary inflation.  However, the International
Monetary Fund helped the local, corrupt politicians subvert the otherwise
honorable system.  Now that the government has been forced to admit it has
broken its promises, money is fleeing the country.

The multilateral organization born and allegedly designed to help the
functioning of the global capital markets is the International Monetary
Fund.  In fact, the IMF's activities have been to reward irresponsibility
and corruption by national government officials.  This marginal disincentive
to act fiscally responsible has actually exacerbated the crisis:  Argentina
would be in a better position now to deal with its problems if it had been
forced to act sooner and before the IMF added to its debt burden.


All the IMF's lending to Argentina may have produced is to pass a greater
burden on to the next administration.  It is no secret that former Treasury
Secretary Larry Summers was deeply involved in dictating IMF decision
making.  Mr. Summers should stand up now and take responsibility for his
actions.  Before the new excuse of fighting terrorism, official corruption
was the poster boy of the financial privacy haters.  In reality, government
officials often say one thing and do another.  Here is one more e

[e-gold-list] Re: Enron reflected in gold accounts racket

[Steve Schear]

At 12:52 PM 1/8/2002 -0500, Matthew Gaylor wrote:
>From: Central Bank Oversight & Monitor <[EMAIL PROTECTED]>
>
>
>   To: Central Banks, Secretariats, Governors, Risk Analysts, 
> Executives, Concerned Others
>
>
> Enron reflected in gold accounts racket
>   By: Tim Wood
>
>Posted: 2002/01/07 Mon 10:29  | © Miningweb 1997-2002
>PRINCETON, NJ -- The circle is closing on US government accounting
>improprieties that mirror the events behind Enron's collapse.

I'm not sure the article really says this.  My understanding is Turk 
concludes that the Fed appears to be operating within its limited legal 
oversight by Congress, even if its actions may be unwise.

steve


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[e-gold-list] Re: e-gold -> OSGold ???

[Vince Callaway]

There are many reasons for having a surplus in Osgold, none of them having
anything to do with fraud.

I can tell you from my own experience that I have done quite a few more
orders for Gold Eagles in Osgold than I have E-Gold.   Since most of the
people doing in-exchanges with me want E-Gold it puts me a bit lop sided
as well.

So far I have not run into any problems.  The coins have not been as
successful as I would have liked, but I have no intention of dropping that
service.  If anything I may expand it.  The inbalance of Osgold vs E-Gold
is not really an issue at this point.

Also, for anyone interested my first batch of 2002 Silver Eagles should be
arriving tomorrow.  I will have them on the website as soon as they
arrive.

--
Vince Callaway
FreedomHound.com



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[e-gold-list] Re: Turing challenge and Access Controls

[jpm]

I'm glad to see e-gold implement my idea!

Contact ISL for large secure systems.

JP!




>e-gold Ltd. is pleased to announce the deployment of additional security
>features benefiting all e-gold Users:
>
>*** Feature1:
>
>Turing number challenge must be successfully met for e-gold account access
>via web or shopping cart interfaces.
>


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[e-gold-list] Re: run, don't walk... (FDR couldn't do either)

[jpm]

>FDR engaged in theft and counterfeiting as a solution to a problem caused by
>theft and counterfeiting.  A more honest solution would have been to make
>good on all gold redemptions as possible, and then begin a massive
>liquidation of government assets to purchase gold on the open market until
>all redemptions were made.

Well said, Patrick...
JP!


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[e-gold-list] Today Only

[shupperd1]

Fastgold is paying  1% bonus on all Egold outexchanges , you can have a
corporate check sent to you.  or bank wire, if you choose bank wire we will
deduct the bank wire fees.

spend to egold 157585

Then email [EMAIL PROTECTED]  all your directions for a bank wire, or where
you want your check sent.

James Shupperd


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[e-gold-list] Turing challenge and Access Controls

[Reid Jackson-OP]

e-gold Ltd. is pleased to announce the deployment of additional security
features benefiting all e-gold Users:

*** Feature1: 

Turing number challenge must be successfully met for e-gold account access
via web or shopping cart interfaces.

Comment:

Turing numbers (in this context) are random numbers presented in a graphical
format that prevents the numbers from being machine readable. 

Benefits:

1.  Foils passphrase guessing attempts by "robot programs".
2.  Prevents account level denial of service attempts by "robot programs".

User action required:

1.  No action is required by User to implement this security enhancement.
2.  However, we recommend that Users change passphrase to one longer and
more random if warranted (see security links provided below).


*** Feature2: 

Access to e-gold accounts via Automation and Phone interfaces can be
configured via web interface, with a default configuration of disabled. ~

Comment:

Use of Turing numbers is not feasible via automation interface because
Turing numbers can't be machine read.  They are not feasible for the phone
interface because the screen resolution of most phones is inadequate to
support this technology.

Benefits:

1.  Users who do not use automation or phone interfaces can disallow access
to their account(s) via interfaces that do not issue Turing number
challenge.
2.  Users who require access via automation interface can enhance security
by restricting automation access based on IP number.
3.  Users who require access via phone interface can enhance security by
restricting phone access based on phone number.

User action required:

1. No action required if User does not require access via automation or
phone interfaces. ~

2. Users who require access to e-gold accounts via automation and/or phone
interfaces should:

 - Configure access via e-gold web interface (required) ~
 - Change passphrase to one longer and more random (recommended - see
security links provided below)

~ Grace Period
Effective 2002-01-11 12:00 AM GMT (approximately), access restrictions will
be enforced.  Existing automation interface Users
are encouraged to configure automation access to their e-gold accounts
before this grace period has elapsed to prevent access
denials to their applications.


*** Security links:

When it comes to the security of your money and personal information,
there's no substitute for education!  Please take the time to read through
the security information provided on the websites listed below:

Internet Security Tips:
http://www.cert.org/tech_tips/ (must read!)
http://www.microsoft.com/privacy/safeinternet/
http://www.procomp.com/news/0012security.html (dial-up Users - see this!)
http://www.cable-modem.net/features/mar00/story1.html
http://www.securemac.com/

System Vulnerability Search Engine:
http://icat.nist.gov/icat.cfm

Virus education and protection:
http://www.mcafee.com/anti-virus/
http://www.symantec.com/
http://www.sherpasoft.org.uk/MacSupporters/macvir.html

Home firewalls:
http://rr.sans.org/firewall/home_user.php
http://www.physics.ucsb.edu/~pcs/cable_modem/cox_home.htm
http://www.firewallguide.com/
http://ec.rr.com/hfirewalls.html
http://www.practicallynetworked.com/pg/router_guide_index.asp

Microsoft Windows Update:
http://windowsupdate.microsoft.com/ 

[If you are a Windows User, you should be visiting this site regularly!]

Passphrase selection:
http://www.fin.ucar.edu/it/dsn/userdocs/pswdguide.htm
http://www.more.net/security/password.html
http://home.netscape.com/security/basics/passwords.html
http://www.unix-ag.uni-kl.de/~conrad/krypto/passphrase-faq.html
http://www.circa.ufl.edu/password/
http://www.cs.umd.edu/faq/Passwords.shtml
http://www.uic.edu/depts/accctest/accts/password.html
http://www.adpc.purdue.edu/BSC-Pete/passwrds.htm


*** e-gold Interfaces:

Web:
http://use.e-gold.com

Phone:  
https://mobile.e-gold.com

Shopping cart interface (SCI) and automation interface information:
http://sci.e-gold.com




Thank you for using e-gold!

Reid Jackson
Managing Director, Gold & Silver Reserve, Inc.
Director, e-gold Ltd.

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[e-gold-list] e-gold -> OSGold ???

[Craig Spencer]

There seems to be a recent flood of solicitations (some of them 
from familiar people and many from unknowns) trying to promote 
the rest of us to send them e-gold in return for OSGold.  Does 
anyone have any insight into this curious development?

If it was just unknowns I could put it down to scam artists 
trolling for suckers.  But the fact that some reputable people 
are doing it leads me to think that it is more than this.

One obvious thought is that they, or the perhaps people who are 
supplying them with discounted OSGold in quantity, know 
something (like the imminence of OSGold's collapse) that leads 
them to want to dispose of their OSGold and store their value in 
a currency that is actually redemable in gold and therefore 
intrisically valuable.

CCS

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-Large Selection - Great Rates-
-  http://speedypin.com/phonecard/start.mhtml?af=743  -
---

  ***
  *  Craig  Spencer *
  *  [EMAIL PROTECTED] *
  ***

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[e-gold-list] Enron reflected in gold accounts racket

[Matthew Gaylor]

From: Central Bank Oversight & Monitor <[EMAIL PROTECTED]>


   To: Central Banks, Secretariats, Governors, Risk Analysts, 
Executives, Concerned Others

   
 Enron reflected in gold accounts racket
   By: Tim Wood

Posted: 2002/01/07 Mon 10:29  | © Miningweb 1997-2002
PRINCETON, NJ -- The circle is closing on US government accounting
improprieties that mirror the events behind Enron's collapse.

James Turk, full-time proprietor of GoldMoney.com and 
part-time conspiracy
sleuth, has uncovered the sort of slick financial scheming 
that gave investors
cause to abandon Enron. If the US no longer owns much gold reserve after
pledging it for use in dubious off balance sheet transactions, 
then there is
also every reason to short the country's stock - the dollar.

Turk shows that the application of business accounting standards to the
national accounts has forced a clean up in how the US Treasury 
and Federal
Reserve deal with gold. The net result is a $20 billion hole 
in the US balance
sheet..

 


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[e-gold-list] Re: run, don't walk...

[Patrick Chkoreff]

> SnowDog said:
> "...wasn't helped at all..." (??) I'm curious what you would have done in
> FDR's place... If you allow the 'run' to continue, then soon there will be
no more gold in the US
> Treasury to back the Federal Reserve Notes remaining in use...

If there weren't enough gold reserves to meet the demand it's because the
US had been running a con game, printing "gold-backed" notes that had no
gold backing.  If e-gold or GoldMoney tried this, creating more fictional
gold grams would not be the solution.

FDR engaged in theft and counterfeiting as a solution to a problem caused by
theft and counterfeiting.  A more honest solution would have been to make
good on all gold redemptions as possible, and then begin a massive
liquidation of government assets to purchase gold on the open market until
all redemptions were made.  To avoid the pricing problems of sudden mass
liquidations and mass gold purchases, the government might have offered gold
bonds to those who would accept them.  These bonds would be payable with
interest in gold after a fixed time period.  To people immediately demanding
their gold, the government would have to tell them to wait, and then proceed
quickly to round up enough gold to satisfy the request.

The sale of government assets include office buildings, vehicles, huge
tracts of land, etc.  In other words, my solution would be:  take every
action to make good on all the gold redemptions.  Do not steal the gold.

> ... So a default on the redemption of Federal Reserve Notes would bankrupt
the country -- and not just the
> government, but all private debts as well.

But that's just it -- the government did default on the redemption of
Federal Reserve Notes, and it did bankrupt the country by deepening the
depression and spreading it worldwide.  Sadly, it did not bankrupt the
government, only the indentured servants we like to call "citizens".
Brother, can you spare a dime?

I must emphasize that when the government devalued the dollar and
confiscated gold, they WERE defaulting on their redemption obligations.
They didn't magically skirt the underlying hard reality just because some
politicians signed some pieces of paper.

> So what do you do? Do you go to Congress and try
> to get them to remove the country from the gold standard, and make all
> Federal Reserve Notes, legal tender. At the time, this was thought to be
> unconstitutional, ... It would have required a Constitutional
> Amendment, which would have taken several years to implement ... There was
no time.

Yes, at the time it was thought to be unconstitutional.  That's because, as
you say, it was unconstitutional.  There was time for FDR to have a fireside
chat and level with the American people.  I don't think it was any easier
for FDR to say "we're stealing your money" than it was to say "sorry, hold
on, we're getting your money."

> I think he did the only thing he knew how to do with the powers that had
> been granted to his new office.

He was not granted these powers.  He had no more legal authority to do what
he did than my immigrant grandfather had.  But that never stopped a
president from doing anything to consolidate and maintain power (e.g.
Lincoln, LBJ, Nixon, etc.)

Regards,
Patrick Chkoreff




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[e-gold-list] Kudos!

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I see egold has put in another security
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[e-gold-list] Re: run, don't walk...

[jpm]

>Run, he says, don't walk, to your nearest newsstand.
>
>Buy _Wired_ for January 2002.  Turn to page 60.
>
>Read the stuff by Julian Dibbell.
>
>In the words of the protagonist from the film "Arthur,"
>it doesn't suck.
>
>I was impressed, unfavorably, by the quote from John
>Maynard Keynes, whose idiotic ideas about economics
>were entirely discredited by the time Richard "Tricky
>Dick" Milhouse Nixon said, "We are all Keynesians now."
>


I already took Julian to task for his ridiculous (sorry man!) 
comments on the "fool of the century" Keynes.

But I agree everyone should run not walk to the article.

Thank god for Julian & Wired for making a major article on DGCs!

Bravo!

DGC reporting is a lot like UFO reporting...we hope for more of it in 
the future.

Wired!  Jan 2002 !!

JP!


PS follow it up with the incredible revealing interview in Joe 
Moorman's http://planetgold.com this week


-- 



- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
"Most of the world's great religions are hijacked from time to time by
men who use the religious faith of others to manipulate them for self-
serving purposes. Environmentalism is different however. It is not a
religion that happens to be manipulated from time to time for political
purpose--for the power and money it can bring to its controllers.
Environmentalism is a religion which has been deliberately created, for
the sole purpose of manipulating its followers." Arthur B. Robinson, 2001.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -





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[e-gold-list] Re: run, don't walk...

[jpm]

I am unable to let any mention of FDR go by without commenting that 
there is a handy four letter word for Franklin Delano Roosevelt, and 
it starts with "c" and also features a t, n and u.

FDR--not Mao or Stalin--was essentially the "major villain" of the 
20th century, the century of the state, aka the century of death.

FDR was the driving force behind the demolition of the constitution 
in the US, the introduction of socialism into the US, and indeed 
responsible for many other side shows, such as oh giving away half 
the world to the commies.

FDR, rot in hell!


-- 



- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
"Most of the world's great religions are hijacked from time to time by
men who use the religious faith of others to manipulate them for self-
serving purposes. Environmentalism is different however. It is not a
religion that happens to be manipulated from time to time for political
purpose--for the power and money it can bring to its controllers.
Environmentalism is a religion which has been deliberately created, for
the sole purpose of manipulating its followers." Arthur B. Robinson, 2001.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -





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[e-gold-list] Re: run, don't walk...

[SnowDog]

>>>The notion that economic crashes were much more brutal
before the Federal Reserve came along is pretty much
nonsense.  Certainly, the 1929-1939 "Great Depression"
was a pretty miserable experience, was the result of
Federal Reserve machinations and malfeasance (which
even otherwise funky economists like Milton Friedman
agree about), and wasn't helped at all by the FDR
decision to devalue from $20.67/ounce troy to $35/ounce
troy, nor by his insane decision to rifle all the safety
deposit boxes in the country, denying the private property
of Americans who owned gold at the time, and taking much of
that gold for public use without just compensation.

"...wasn't helped at all..." (??) I'm curious what you would have done in
FDR's place... Imagine that it's March, 1933. For several years there has
been a 'run' on gold reserves, and the supply of gold amounts to only a
fraction of the remaining Federal Reserve Notes in existence. If you allow
the 'run' to continue, then soon there will be no more gold in the US
Treasury to back the Federal Reserve Notes remaining in use, throughout the
country. Gold is legal tender -- nothing else -- and all contracts in the
country require payments in gold. So a default on the redemption of Federal
Reserve Notes would bankrupt the country -- and not just the government, but
all private debts as well. So what do you do? Do you go to Congress and try
to get them to remove the country from the gold standard, and make all
Federal Reserve Notes, legal tender. At the time, this was thought to be
unconstitutional, since the Constitution requires all states to make only
gold and silver, legal tender. It would have required a Constitutional
Amendment, which would have taken several years to implement -- and it would
have to have been approved by 2/3rds of the Congress and a majority of the
state legislatures. There was no time. So what would you have done? How
would you have solved this problem, which appeared to be coming at you like
a freight train, from the first moment you became President?

I think he did the only thing he knew how to do with the powers that had
been granted to his new office.

SnowDog




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