|
STABLE MONEY
Money, issued in such a way, would derive its value in exchange from the fact that it had come from the highest legal source in the nation and would be declared to be legal to pay all public and private debts. Issued by a sovereign nation, not in danger of collapse, it would need no gold or silver or other so-called "precious" metals to back it. As history shows, the stability and responsibility of the government issuing it is the deciding factor in the acceptance of that government's currency - not gold, silver, or iron buried in some hole in the ground. Proof is Canada's currency today. Our gold and silver are practically gone, but our currency is accepted. But if the government was about to collapse, our currency would be worthless. Also, money issued through the peoples' legitimate government would not be under the control of a privately owned corporation whose individual owners benefit by causing the money amount and value to fluctuate and the people to go into debt.
Under the present debt-usury system,' the extra burden of usury forces workers and businesses to demand more money for the work and goods to pay their ever-increasing debts and taxes. Since it is a demand for more dollars for the same work or goods, it is a DEFLATION of the dollar (erroneously called "inflation" by the money propagandists). Today deflation of money value is totally to the benefit of the money-lenders, since it wipes out savings of one generation, so they cannot finance or help the next generation, forcing them to borrow from the money-lender and pay him for three houses in order to get one.
With an adequate supply of money, little borrowing would be required, usury would be non-existent, and prices would be established by people and goods, not by debts and usury.
CITIZEN CONTROL
If the Federal Government failed to act, or acted wrongly, in the supply of money, the citizens would use the ballot or recall petitions to replace those who prevented correct action with others whom the people believe would pursue a better money policy. Since the creation of money and its issuance in sufficient quantity would be one of the few functions of parliament, the voter could decide on a candidate by his stand on money, instead of the hundreds of lesser, and deliberately confusing subjects which are presented to us today. And, since money is and would remain, a national function, local differences or local factions would not be able to sway the people from the nation's (citizen's) interest. All other problems, except the nation's defence, would be taken care of in the provincial and local governments where they are best handled.
24
|