Are you looking for Solutions for America in Distress

You are in the right place to find out about what is really going on behind the scenes in the patriot movement in America, including solutions from Oathkeepers, Anna Von Reitz, Constitutional Sheriffs, Richard Mack, and many more people who are leading the charge to restore America to freedom and peace. Please search on the right for over 2800 articles.
You will find some conflicting views from some of these authors. You will also find that all the authors are deeply concerned about the future of America. What they write is their own opinion, just as what I write is my own. If you have an opinion on a particular article, please comment by clicking the title of the article and scrolling to the box at the bottom on that page. Please keep the discussion about the issues, and keep it civil. The administrator reserves the right to remove unwarranted personal attacks. Use the golden rule; "Do unto others as you would have them do unto you."

Friday, September 16, 2011

Hearing on Sound Money Sept 13 2011 Ron Paul's Committee

The hearing, entitled “Road Map to Sound Money: A Legislative Hearing on H.R. 1098 and Restoring the Dollar,” was held on Tuesday, September 13, at 2:00 p.m. in Room 2128 of the Rayburn House Office Building.



Witnesses:

Dr. Lawrence M. Parks, Executive Director, Foundation for the Advancement of Monetary Education

Dr. Lawrence H. White, Professor of Economics, George Mason University

H.R. 1098, the Free Competition in Currency Act of 2011, would allow competitive free market forces to provide sound money through choice in currency. The bill repeals federal legal tender laws, repeals restrictions on private mints, and repeals taxes on gold and silver which prevent them from circulating as forms of payment. The hearing will discuss the need for and efficacy of sound money, the means by which sound money can be achieved through measures such as H.R. 1098, and the constitutional role of government in money.

“For too long the Federal Reserve has exercised a monopoly on currency issuance,” Chairman Paul stated. “The result, predictably, has been an increasingly devalued dollar. We have been experimenting with a pure fiat currency system nationally and internationally for 40 years, and it has been proven unsound and unsustainable. Our fiat system helped create the massive debt crisis we find ourselves in, and has eroded the purchasing power of every American. The American people deserve to have a choice of currencies to protect themselves and their families from the poor decisions of government. Serious monetary reform is needed, and this hearing is the first step towards addressing this crucial issue. I am pleased that the subcommittee will be examining ways to return to sound money,” Paul continued.

http://runronpaul.com/economy/hearing-on-sound-money-sept-13-2011/

No comments:

Post a Comment

Place your comment. The moderator will review it after it is published. We reserve the right to delete any comment for any reason.