Bring Back the Greenbacks by Merwin
THE LINK BELOW IS PROBABLY ONE OF THE MOST IMPORTANT 1/2 HOURS YOU WILL EVER SIT THROUGH... Buckle your seat belts.
(you may have to copy and paste)
Why bring back the Greenbacks, instead of the Gold Standard..? Honestly the Gold Standard needs to be re-implemented prior to bringing back the Greenback dollar and theoretically, they should even work in conjunction with one another.
The premise for the Greenback as I understand it, is... our Government (not the Federal Reserve - "end the fed"), would print our nations currency based on the Gross Value of our nation for a yearly assayed amount, let us use a "hundred dollars" for the example.
So, the total over all value of our country's wealth is assayed at $100 (over simplified, I know) and that is how much money is printed in the first year after the other $300(?) in circulation by the Fed is destroyed. Then as the country recuperated from the Fed's financial rape, and its health began to return, the value of our collective wealth for the next annual check up says our country is now worth $150... so our Congress prints another $50.
The next year after that our country is worth $200, so we print another $50. When bills are damaged we replace only those that are destroyed.
Now if the country's value decreases, then we destroy the damaged bills, and only replace those to keep in circulation the assayed value of our country.
A very simple process... one that will insure the value of our money that we print.
No more inflation, no more abuse or oppression, because... there will be NO MORE FEDERAL RESERVE.
In regard to "electronic monies" this too can flourish, as long as we never have in circulation more funds or less funds... electronic or printed currency, than what our country is worth on any given day of the week.
VOTE RON PAUL ~ END THE FED.