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WHAT HAPPENED TO THE GOLD STANDARD?

by OPOVV, ©2012, Presidential Candidate

Paper money used to be backed by gold or silver in the U.S.

(May 12, 2012) — Points, margins, indexes, derivatives, liquidity, bonds, all hiding beneath a peanut shell. What’s under that shell? No, I think I’ll pick the other one instead. But, really now, what’s the point if the money isn’t backed by something durable, something tangible, like silver or gold?  They call it trust, but in the nuts-and-bolts world of finance, it’s called power, which is why the big boys, the accounts that deal in the billions, are referred to as “Power Brokers.”  What do they care if the money is worthless if it will pay for mercenaries to protect them and their interests?

How about this, then: they say that the Fed can’t reduce its interest rates to zero. Okay, then how about the Fed reducing its rates BELOW zero; what happens? It works for me. We borrow a cool billion from the Fed and they pay us, let’s say, 10% for our trouble, a hundred million: eventually all the money that’s been stolen from the American people will have been paid back. The result? Deficit equals zero.

Imagine if the dollar was backed by something tangible that can be quantified; something, say, like the amount of energy that it would take to charge a battery to full capacity. First we have to agree on the standard battery.  Let’s say we make a dollar bill worth the energy to charge a one-volt battery with 10-CCA (Cold Cranking Amps).

Another way of expressing the tangible worth of our money would be to equate a dollar bill as being worth a measure of solar energy, maybe the amount to grow one ear of corn that would contain so many grams of fructose.

Here’s the point:  as it is now, our money is worthless; it has no intrinsic value other than a 1:1 trade. For instance, I give you a certain number of green pieces of paper, you give me so many bananas, or one Porsche.  No matter how many dollars are traded for a commodity, by itself it is only a green piece of paper. Let me make one more point before we move on: this so-called “trust” is one-way: they trust us to continue to be bamboozled, but I don’t trust the Federal Reserve Bank to look after my interest one iota, not with its track record of fancy bookkeeping practices claiming that the American people owe trillions to a PRIVATE CORPORATION. Look at The Fed as a factory on the edge of town, but in this case, instead of manufacturing durable goods, such as tractors or ovens, they manufacture profit for themselves. I’ll repeat that: the privately-owned corporation known as “The Fed” manufactures a debt on whoever uses Federal Reserve Notes, or what we refer to, erroneously, as “our money,” the ubiquitous “American Greenback.”  This factory on the edge of town doesn’t even make the money; we do.  We make our own money, but all they make is a profit (for themselves), which equals a debt for us, plus compounded interest.  This is all done, mind you, with the full support of our politicians in Washington selling us down the river. Thanks a lot.

They try and make it a mystery, hiding behind fancy words and misleading phrases, but do you understand the phrase “Taken to the cleaners”? Is that plain enough for you? I’ve been spouting off about The Fed for over 40 years and no one listens. Well, I care about being fleeced, and I hope you do, too.

Abolish The Fed, the IRS, institute a flat sales tax, and let us, the people, gain control of our own money. It’s not complicated.  All we need is a person with brains and integrity WHO CAN’T BE BOUGHT OFF.

http://www.opovv.com

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  1. Mr. Pattison,

    I am a single elderly woman. That should be answer enough for your Curiosity.

    “Everyone in the de facto government knows who you are”

    GOOD! THEN THEY KNOW I AM NOT AN OBOT OR ONE OF THE DUMB BAAAAING SHEEPLE

    Sharon Rondeau and OPOVV know my beliefs and Patriotism. My stance/beliefs should have been evident by my posts to the subscribers of the Post & Email.

    /S/ Sidesaddle

  2. It will take courage, which the current batch of coward reps don’t have. JFK signed Executive Order 11110 which required our worthless dollar be backed with silver. A week later he was assassinated and Silver Certificates production was ended.

    The crooks in the Fed and DC will not give in easily on this.

    For details on the JFK Executive Order check out:
    http://www.john-f-kennedy.net/executiveorder11110.htm

    1. Fran,

      It it all about numbers. How many people do you know that has read this article by http://www.opovv.com but why don’t everyone use their lawful name. I wish Thomas Gregory MacLeran had put his name on what he wrote and included his webpage.

      There are just too many people that are afraid and I get that! But if we don’t unite soon with knowledge of what is going on and what we really need to do then we are going to get more of what we have now which is nothing.

      Fran do you understand that we could print our own money? We have the Power! Have you read my postings posted here – http://www.thepostemail.com/?s=by+Steven+Wayne+Pattison&x=5&y=6

      “Knowledge is power when properly applied.”

      All Rights Reserved,
      /S/ Steven Pattison
      Cell (913) 461-1661
      Skype – steven.wayne.pattison

      1. Dear Steven,
        You’re a funny guy.
        On page ONE of http://www.opovv.com/ I wrote:
        “Hello, my name is Thomas Gregory MacLeran and, because all the other candidates are such incompetents, I am a candidate for President of the United States of America in the 2012 election. I want our country saved and I don’t see any chance that it will happen unless I do it.
        If someone else comes along whom I think will do a better job, I’m outta here. I’m not doing this because I want to; I’m doing this because I have to.”
        I don’t see how I can be clearer. You wrote ” I wish Thomas Gregory MacLeran had put his name on what he wrote and included his webpage.”
        I sign-off my editorials with the “http://www.opovv.com/”.
        If it’s possible to any clearer, please let me know.
        Sincerely,
        OPOVV

    1. Sidesaddle,

      First you need to come out and use your lawful name so you can be counted as someone that we can trust. Everyone in the de facto government knows who you are even if you use Sidesaddle.

      And yes I agree with you and Thomas Gregory MacLeran.

      Sidesaddle, if more people knew how bad it really is they still would not do anything until they were unable to watch their favorite sports team. That may only happen if they lose their jobs. There will never be enough people without jobs because the System that the banklords created and JFK referred to his speech controls everything. The banklords make sure that they get their unemployment so they can get to the local bar to see the game.

      They print their money even if most people believe it is our money out of thin air and they use it to control all the prices of everything.

      It was not too long ago that we were hearing about Cities, Counties and States having a cash flow problem but look at all the road construction going on now. Where did the money come from. Congress asked the Federal Reserve for it!

      This is explained in my postings – http://www.thepostemail.com/?s=by+Steven+Wayne+Pattison&x=5&y=6

      Within my postings I reported about the Congress saying the following –
      SEC. 2. CONGRESSIONAL FINDINGS. a) Findings Relating to Federal Income Tax- Congress finds the Federal income tax–

      (1) retards economic growth and has reduced the standard of living of the American public;

      (2) impedes the international competitiveness of United States industry;

      (3) reduces savings and investment in the United States by taxing income multiple times;

      (4) slows the capital formation necessary for real wages to steadily increase;

      (5) lowers productivity;

      (6) imposes unacceptable and unnecessary administrative and compliance costs on individual and business taxpayers;

      (7) is unfair and inequitable;

      (8) unnecessarily intrudes upon the privacy and civil rights of United States citizens;

      (9) hides the true cost of government by embedding taxes in the costs of everything Americans buy;

      (10) is not being complied with at satisfactory levels and therefore raises the tax burden on law abiding citizens; and

      (11) impedes upward social mobility. http://www.citizensforaconstitutionalrepublic.com/H.R.25_Congressional_Findings.html

      “Knowledge is power when properly applied.”

      All Rights Reserved,
      /S/ Steven Pattison
      Cell (913) 461-1661
      Skype – steven.wayne.pattison