It is beginning to dawn on the public that the root cause, or one of the main causes, of the financial crisis is the fatally flawed, fiat paper dollar and the inflationary Federal Reserve System. At the same time, the wisdom of the Founding Fathers--their insistence that money be redeemable in silver and gold--is making a come back. For proof of all this, there was the warm reception I received as bearer of an honest money resolution, at the Maryland GOP State Convention, on December 5 and 6. Indeed most of the 50 or so leaders--central committee members and others--whom I approached at random, either signaled support for or showed interest in the following circulated resolution.
Seeking a speedy resolution to the present nation-wide economic crisis, and wanting to prevent the recurrence of a similar crisis in the future, this body hereby urges Congress to restore honest money backed by silver and gold in accordance with the requirements of the Constitution, to phase out federal reserve notes, on account that they are unconstitutional and inflationary and at the heart of the present distress, and ultimately to return to those free market banking practices that the Founding Fathers codified in the supreme law of the land, knowing those practices to be in the best interests of the citizens of the United States.
Those of us who are spearheading the revival of honest money and free market banking practices mandated by the Constitution, hope that the aforementioned resolution or something like it will be passed by, among other groups, the 2009 Maryland GOP State Convention and will be introduced, if not also passed, in the upcoming Maryland General Assembly.
The aforementioned resolution was not formally introduced for an up or down vote at the December 2008 GOP State Convention.
