I oppose that ammendment. I would support congress taking away the
FRB's monopoly on the issuing of paper currency and monopoly on
setting interest rates and reserve requirements. Tht is really all
that needs to be done to improve the banking system. the government
soes not need to be involved and should allow all banks the
privledges that the FRB has been granted.
http://www.youtube.com/watch?v=A4kxTkhwR_Q
http://www.youtube.com/watch?v=3u2qRXb4xCU
$
--- In [email protected], Mark Evans <[EMAIL PROTECTED]>
wrote:
>
> A Proposal that Would Require the
> Following Amendment to the Federal
> Constitution:
>
> AMENDMENT XXVIII
>
> Money and Credit Congress Asserts Power To
> Coin Money, and Emit Bills of Credit
>
> [SECTION 1.] The Congress hereby asserts the power,
> granted in this Constitution, to coin money, and to
> regulate the value thereof. -- And further,
> to emit non-interest-bearing bills of credit
> directly through the Treasury Department [ on the
> Credit, and in the Name of the People ].
>
> [SECTION 2.] The Congress hereby authorizes the
> Treasury to issue a sufficient quantity of "dollars"
> to purchase back the capital stock of
> the Federal Reserve Bank from the private owners, by
> eminent domain.
>
> [SECTION 3.] The Federal Reserve Bank shall
> henceforth be subsumed into the Treasury, and function
> as a Sub-Treasury Central Bank of issue. Henceforth
> they shall be one institution, and be called,
> formally, the Treasury of the Common=Wealth of the
> United States of America, or commonly, "The Treasury
> of Common=Wealth."
>
> [SECTION 4.] The Treasury of Common=Wealth [as the
> fountainhead of Credit-Creation in the nation ]
> shall henceforth issue as Money only
> non-interest-bearing Notes, and Mint coins of pure
> Specie, stamped with their weight and fineness. The
> books, accounts and records of the Treasury shall
> continually be open to public scrutiny.
>
> [SECTION 5.] The Treasury of Common=Wealth shall
> honor, and continue to pay (by means of
> non-interest-bearing notes, and checks) the interest
> on all outstanding U. S. Treasury Securities, as they
> come due. There shall be no further issues of Treasury
> Securities, or Bonds.
>
> [SECTION 6.] The State Treasury departments,
> of each of the fifty States, are also hereby
> empowered, by the same creative principle [formerly
> given by charter to banks ] to create Credit within
> their own jurisdictions, in the form
> of checks, signed by the State comptrollers, in
> accordance with appropriations made by the State
> legislatures, for the purpose of maintaining State
> institutions, infrastructure, and salaries.
>
> [SECTION 7.] In accordance with the provisions of
> this Article, all banks and financial institutions in
> America shall receive new charters from the Treasury.
> The Treasury shall henceforth have the unique and
> sole power within the nation to create Credit a
> function formerly granted by the government [and
> thus erroneously delegated] only to Banks.
> Henceforth private banks may charge interest, to
> service accounts.
>
> [SECTION 8.] In Sum, this Article defines, and
> enhances the powers granted to Congress and the
> Treasury, under Article I, Section 8, clause 5,
> of this Constitution. Furthermore, it amends and
> modifies Article II, Section 10, clause 1, to empower
> State Treasuries to create [ a limited amount of ]
> non-inflationary Credit, in the form of check-book
> money in order to meet the pressing needs of the
> states.
>
