Keep it local, slow-money backers urge | The Columbus Dispatch
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“Apocalypse 8:6 Live!”
Since: Sep 09
#1 Nov 8, 2009
Slow money investors needed here. my kind of economic thinking. I've never been accused of making a fast buck.
I don't ever recall reading anything in American economic history before the monopolization of the Nations money in 1914 that we ever had great depressions or politically spun great recessions. Certainly not any perpetually stalemated war for 8 years against an enemy without state support.
Not only does the Constitution mandate a bi-cameral precious metal legal tender system to prevent such an expensive corrupting monopoly, it puts that monetary authority solely within the jurisdiction of each state to gain the full benefits of local oversight and wisdom that is the thesis of this news story.
The 2 commodity system of article One, sections 8 and 10. has a built i static and dynamic value stability that rewards long term local investment. it outperforms for the community benefit the perpetually inflating fractional reserve bank paper pf the Wall street schiesters and schmucks.
The several regional Federal Reserve unelected bishoprics are no substitute for the wisdom and accountability of the 50 elected state governments.
The bi- cameral legal tender system also serves as a firewall against an enemy's asymmetric attack on our economy. Something only our current enemy has put to use.
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