HERBERT G PETERS
Andrew Jackson Democrat
Candidate for US Senate,
California

 

34 US Senate Candidates on the Ballot.

 

The ballots vary; please examine your sample ballot to find the name of the candidate you choose.

 

MONETARY POLICY

19th Century, not all good news.

Three Constitutional Entries

 

Article I, Section 8, Clause 5,    To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

 

Article I, Section 8, Clause 6,    To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

Article I, Section 10, US Constitution: No State shall make Anything But Gold and Silver Coin a tender in payment of debt. This clause is routinely violated by all 50 states and the federal government. This would require that you tender gold or silver coin when paying for your driver's License. When I got my first driver's license it was 1953 and that license was paid for with silver backed money.

 

About Money

 

As noted in this link, the banks were allowed to create money in the loan making process; we had inflation from the beginning. With inflation came bank runs and many lost all there money.

 

We started with a precisely defined dollar; the dollar was defined by Congress in the 1792 coinage act as 24.1 grams of pure silver or 27 grams of standard silver. Section 19 of the Act established a penalty of death for debasing the gold or silver coins authorized by the Act.

 

The “Supreme Court”

 

The "Supreme Court" did a flip flop on FIAT money. In Hepburn v. Griswold 75 U.S. 603 (1869)    it ruled that fiat money was NOT constitutional. They were right!

 

BUT; President Grant wanted fiat money legal and had two Supreme Court vacancies. He nominated and the Senate approved the two federal judges that Grant knew were for approval of FIAT money.

The next ruling in Knox v. Lee, 79 U.S. 457 (1871),   the supreme overturned Hepburn v. Griswold and FIAT MONEY became the law of the land.

 

The constitution, as written, was not amended, and the Congress follows the Supreme Court ruling, not the Constitution. Gold and Silver coin sustained in giving the people a wonderful monetary basis until 1933.

 

The Destruction of our money

 

Treachery: despite campaign promises to defend the gold standard, FDR issued executive order 6102 in April of 1933 that gold must be turned in to the government. The next month FDR got a bill from the congress that gave authority to increase the money supply by $3 billion.

 

During the JFK Presidency, on June of 1963 the printing of silver certificates was terminated; all dimes an quarters minted 1965 or later were clad with no silver. The Kennedy half dollar since 1970 are clad with no silver.

 

Since 1968 the Silver Certificate is only redeemable in federal reserve notes.

 

With no precious metal backing our money in now pure fiat and the government prints money as ordered by the Federal Reserve.

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