STABLE VERSUS UNSTABLE ECONOMY

BY: CAMILLE PALDI

WHAT IS A RESPONSIBLE ECONOMY?• CURRENCY ISSUED IN GOLD AND SILVER OR FIAT MONEY BACKED BY GOLD AND SILVER. • THE US CONSTITUTION SAYS THAT EACH STATE SHALL ISSUE CURRENCY IN GOLD AND

SILVER.• MONEY TO BE PRINTED BY THE STATE AS STIPULATED IN THE CONSTITUTION IN GOLD

AND SILVER OR FIAT MONEY BACKED BY GOLD AND SILVER. • CONSTITUTIONAL POWER TO PRINT MONEY IS WITH THE STATE AND NOT THE BANKS. • MONEY SUPPLIED BY THE STATE WOULD CORRESPOND WITH GOODS, SERVICES, AND

ASSETS IN SOCIETY.

UNSTABLE ECONOMY IN DECLINE• SUPPLY OF MONEY MUCH GREATER THAN SUPPLY OF ASSETS

• MONEY PRINTED & LOANED TO US BANKS BY FEDERAL RESERVE AT INTEREST & MULTIPLIED THROUGH LENDING.

• DEBT

• DEBT

• MINIMAL ASSETS

• MONEY-MONEY TRANSACTIONS RAMPANT

• INFLATION AND DECLINING VALUE OF FIAT CURRENCY

STABLE ECONOMY WITH GROWTH• MINIMAL DEBT

• MONEY PRINTED BY THE STATE IN GOLD OR SILVER OR FIAT MONEY BACKED BY GOLD AND/OR SILVER

• SUPPLY OF MONEY = SUPPLY OF ASSETS

PRODUCTIVE TRADE

• MINIMAL INFLATION

• MONEY-COMMODITY AND COMMODITY-COMMODITY TRANSACTIONS

• NO-INTEREST FINANCING

• STABILIZATION OF PURCHASING POWER AND PRICES

PRESIDENT KENNEDY• PRESIDENT KENNEDY ATTEMPTED TO TAKE BACK THE POWER TO PRINT

MONEY FROM THE BANKS THROUGH EXECUTIVE ORDER 11110.

• SILVER CERTIFICATES OR FIAT MONEY BACKED BY SILVER.

• IT WAS NEVER IMPLEMENTED.

INFLATION• WHEN THE MONEY SUPPLIED INTO THE ECONOMY IS GREATER THAN THE

CORRESPONDING GOODS, ASSETS, AND SERVICES, THIS CAUSES INFLATION. • INFLATION COMBINED WITH THE DECLINING VALUE OF FIAT CURRENCY IS A

RECIPE FOR DISASTER.• EVENTUALLY, FIAT MONEY WILL COLLAPSE AND THE WORLD WILL BE RULED

BY BANKS THROUGH A CREDIT SYSTEM.• CHIPPING OF HUMAN BEINGS.

THOMAS JEFFERSON