Chapter 10 References

President John Adams

President John Adams (Second President of the United States) wrote to President Thomas Jefferson (Third President of the United States) regarding the cause of the issues in America:

All the perplexities, confusion, and distress in America arise, not from defects in the Constitution or confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation.

John Maynard Keynes

John Maynard Keynes wrote about how to confiscate wealth from citizens:

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

President John F. Kennedy

In his famour speech to the American Newspaper Publishers Association:

The very word "secrecy" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings.

Debauch The Currency - Keynes

With reference to John Maynard Keynes above, the definition of debauch:

Debauch: 1590s, "to entice, seduce, lead astray" (from allegiance, family, etc.), from French débaucher "entice from work or duty," from Old French desbaucher "to lead astray," a word of uncertain origin. 
The more specific meaning "seduce from virtue or morality, corrupt the morals or principles of" is from c. 1600

Benjamin Franklin

Document from Benjamin Franklin discussing schemes for paper money:

A great annual Sum continually increasing will arise to the Crown for Interest, to be apply’d to American Purpose.

It will operate as a general Tax on the Colonies, and yet not an unpleasing one; as he who actually pays the Interest has an Equivalent or more in8 [the use of the principal. But the tax, if it can be so called, will, in effect, spread itself more equally on all property, perhaps more so than any other tax that can be invented; since every one who has the money in his hands, does from the time he receives it, to the time he pays it away, virtually pay the interest of it, the first borrower having received the value of it (to use for his own profit) when he parted first with the original sum. Thus the rich who handle most money, would in reality pay most of the tax.

Henry Ford - Think Naturally About Money

Reference John Adams and Thomas Jefferson with a reminder from Henry Ford:

The people must be helped to think naturally about money. They must be told what it is, and what makes it money, and what are the possible tricks of the present system which put nations and peoples under control of the few.

John Kenneth Galbraith

Reference back to how easy the process is to create money:

The process by which banks create money is so simple that the mind is repelled.

Supreme Court 1866

Constitutional provisions for the security of person and property should be liberally construed per Boyd v. United States, 116 U.S. 616 (1886):

It may be that it is the obnoxious thing in its mildest and least repulsive form; but illegitimate and unconstitutional practices get their first footing in that way, namely, by silent approaches and slight deviations from legal modes of procedure. This can only be obviated by adhering to the rule that constitutional provisions for the security of person and property should be liberally construed. A close and literal construction deprives them of half their efficacy, and leads to gradual depreciation of the right, as if it consisted more in sound than in substance. It is the duty of courts to be watchful for the constitutional rights of the citizen, and against any stealthy encroachments thereon. Their motto should be obsta principiis. [resist beginnings].

Deprivation of Rights

Does redefining Value result in a deprivation of rights?

Whoever, under color of any law, statute, ordinance, regulation, or custom, willfully subjects any person in any State, Territory, Commonwealth, Possession, or District to the deprivation of any rights, privileges, or immunities secured or protected by the Constitution or laws of the United States, or to…

Federal Reserve Board Abolition Act

Abolishing the Federal Reserve Board under this act would also transfer all liabilities to the Treasury:

...all outstanding liabilities of the … Federal Reserve’ to ‘become the liability of the Secretary of the Treasury

Take Action

See if your Congressional Representative supports value meaning promises to pay bank or value created by the people for the people.