Tag Archives: silver

The quest for the return of sound money in America

  By Andrew Shemo | November 21, 2010 - 3:35 pm |
4 Comments

Yesterday we marched on with our continual journey to restore sound money in America.  As we do every year, the concerned patriots across the nation gathered and held end the fed rallies.  The federal reserve is a private central banking system that is tasked with regulating the flow of cash & credit in the country.  How is it that private banks and the federal reserve can create our money and collect interest on it?  Nowhere in the U.S. Constitution does it give the authority to a private bank to regulate, control, print & collect interest on our nations currency.  Article 1 Section 8 says the following:

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
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To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

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Why should you own Gold and/or Silver?

  By Dan Gillings | October 12, 2010 - 9:21 am |
9 Comments

In order to answer this question, I’m going to quickly summarise the history of money;

In order to further enrich our lives, people began to trade.  If somebody had , say, 2 goats and another person had 2 chickens, it would make sense for them to trade a goat for a chicken.  One of the problems that sprung up from this ‘free trade’ agreement between two parties, was that somebody may want a chicken, but the owner of the chickens doesn’t want a goat.  To this end, an intermediary (or medium) was needed.  It was (and still is) called money.  It was observed that some products were used mainly to facilitate transactions but had no other real use than that.  Historically this has been gold for large transactions and silver for smaller ones.

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