What is a Responsible Economy?

2. WHAT IS A RESPONSIBLE ECONOMY?
• CURRENCY ISSUED IN GOLD AND SILVER OR FIAT MONEY BACKED BY GOLDAND SILVER.
• THE US CONSTITUTION SAYS THAT EACH STATE SHALL ISSUE CURRENCY INGOLD AND SILVER.
• MONEY TO BE PRINTED BY THE STATE AS STIPULATED IN THE CONSTITUTION IN GOLD AND SILVER OR FIAT
MONEY BACKED BY GOLD AND SILVER.
• CONSTITUTIONAL POWER TO PRINT MONEY IS WITH THE STATE AND NOT THE BANKS.
• MONEY SUPPLIED BY THE STATE WOULD CORRESPOND WITH GOODS, SERVICES, AND ASSETS IN SOCIETY.

3. UNSTABLE ECONOMY IN DECLINE
• SUPPLY OF MONEY MUCH GREATER THAN SUPPLY OF ASSETS
• MONEY PRINTED & LOANED TO US BANKS BY FEDERAL RESERVE AT INTEREST & MULTIPLIED THROUGH LENDING.
• DEBT
• DEBT
• MINIMAL ASSETS
• MONEY-MONEY TRANSACTIONS RAMPANT
• INFLATION AND DECLINING VALUE OF FIAT CURRENCY

4. STABLE ECONOMY WITH GROWTH
• MINIMAL DEBT
• MONEY PRINTED BY THE STATE IN GOLD OR SILVER OR FIAT MONEY BACKED BY GOLD AND/OR SILVER
• SUPPLY OF MONEY = SUPPLY OF ASSETS
PRODUCTIVE TRADE
• MINIMAL INFLATION
• MONEY-COMMODITY AND COMMODITY-COMMODITY TRANSACTIONS
• NO-INTEREST FINANCING
• STABILIZATION OF PURCHASING POWER AND PRICES

5. PRESIDENT KENNEDY
• PRESIDENT KENNEDY ATTEMPTED TO TAKE BACK THE POWER TO PRINT MONEY FROM THE BANKS
THROUGH EXECUTIVE ORDER 11110.
• SILVER CERTIFICATES OR FIAT MONEY BACKED BY SILVER.
• IT WAS NEVER IMPLEMENTED.

6. INFLATION
• WHEN THE MONEY SUPPLIED INTO THE ECONOMY IS GREATER THAN THE CORRESPONDING GOODS,
ASSETS, AND SERVICES, THIS CAUSES INFLATION.
• INFLATION COMBINED WITH THE DECLINING VALUE OF FIAT CURRENCY ISA RECIPE FOR DISASTER.
• EVENTUALLY, FIAT MONEY WILL COLLAPSE AND THE WORLD WILL BE RULEDBY BANKS THROUGH A CREDIT
SYSTEM.
• CHIPPING OF HUMAN BEINGS.

7. THOMAS JEFFERSON