Topic: USA: Legislation: Competition in Currency (Read 984 times)

Yes. I am likewise cynical. And I don't see you as being a dick. But there is a wave of change that has been brewing over the last decade. Unable to see at this point whether or not we can turn the corner. But we _did_ almost get a proper vote in the house over violations of the 4th Amendment recently. We shall keep at this until it goes our way, or until we die.

The central point I'd like to get across: the congress-critters don't know realize that they routinely violate their oaths. It is our duty to keep pointing out where they cross the line.


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Maybe just to be a cynical dick - but this has been introduced at ~5 times in the past decade and dies in committee every time (often on the same day).

But.... here are the congressmen you want to bother (I believe it's William Clay who particularly enjoys killing the bill): http://en.wikipedia.org/wiki/United_States_House_Committee_on_Financial_Services#113th_Congress

You think this be groveling. In a way, I see how you might arrive at your mistaken impression.

OTOH, I see this as a declaration to these assholes that I am not onboard with their actions. Inside the beltway echo chamber, most of 'these assholes' have never had cause to think about whether or not the legal tender laws are just. If enough people hit them with this message, it may rise on their radar screen to the point where they will actually devote some thought to the topic.

By all means, keep doing what we are doing. From my viewpoint, I am doing more. I am trying also to make clear to 'these assholes' that there is a viewpoint alternate to Schumer's.

And if you had already been registered with DownsizeDC, you could have sent the same message to your congress-critters in far less time than it took for you to vent your spleen at me.

As far as 'they come to us', I have no idea what you are driving at.

Well, one reason (and the only one I can think of) is to help publicise the issue to those that only respond to "sanctioned" courses of action, trying to talk these kind of folks into civil disobedience is tough going. I'm not one of those people though, and I'm fully awake to the fact that there won't be any movement from the present state of affairs, even if there was a popular movement in favour. At least a few could become obstinate after fully identifying with and understanding the cause.

There is absolutely no reason for any of us to grovel before those assholes anymore.

How about we keep doing what we're doing and they come to us?

For some time now, DownsizeDC.org has been making it simple and painless to let your congress-critters know how you feel. Their latest salvo even mentions Bitcoin as an alternative to the FRN. Following is their 'honest money' page, along with the pre-written letter from them pointing out that Bitcoin is a usable money, and should be allowed to fill this role.

https://secure.downsizedc.org/etp/honest-money/

This bill would...

* Repeal the legal tender law, which gives the Federal Reserve a monopoly over the money supply

* Repeal the federal monopoly over the creation of coins for use as currency

* Prohibit federal and state taxes, such as capital gains, on precious metal coins and bullion

Why are these changes needed? Because I want to protect myself and others from wealth-destroying inflation. Consider...

* The Fed’s "Quantitative Easing" (QE3) pumps $85 billion PER MONTH into the economy

* This means the dollar's value decreases as months go by

* Which in turn destroys savings and weakens purchasing power

This inflation is "taxation without representation." And it falls hardest on those dependent on retirement savings or fixed incomes.

It's also COUNTERFEITING. It's criminal and immoral. If you doubt this, would you allow ME to print up $85 billion in new dollars each month?

Free Competition in Currency allows metal-backed currencies, and paves the way for alternatives like Bitcoin to compete with the Fed’s dollars on a level playing field. And because these alternative forms of currency can't inflate, the public will prefer them to the Fed's counterfeit dollars. That means the Fed will have to stop inflating or lose customers.

I urge you to co-sponsor the Free Competition in Currency Act and promote your support publicly. Failure to do so will communicate that you support the Fed’s counterfeiting and don't care about its victims.

Do the right thing!