Cities Around the Country Ditch the US Dollar

The following two tabs change content below.
Michael Lotfi is a Persian, American political analyst and adviser living in Nashville, Tennessee where he works as the executive state director for the Tenth Amendment Center. Lotfi graduated in the top 5% of his class with top honors from Belmont University, an award winning, private university located in Nashville, Tennessee.
Enjoy This Article? Share It! Facebook212Twitter0Reddit0Pinterest0StumbleUpon0LinkedIn0Google+0

“No State Shall make anything but gold and silver coin a tender in payment of debts” (Article 1:Section 8, US Constitution). When is the last time you saw a gold or silver coin floating around as payment of debt in America?

It all started with the Federal Reserve Act of 1913. President Andrew Jackson’s warnings were ignored by the American people and the United States had its first real taste of unconstitutional corporatism. Congress enacted the Federal Reserve, yet did not have the constitutional power to do so. However, with the Rothschild family’s influence over Congress two days before Christmas when most members were vacationing with their families a small handful of corrupt politicians and private bankers pulled a fast one. America’s monetary system has since been controlled by a secretive, private bank that loans money created from thin air to our government to run the country at interest that must be paid back to the private bank. However, the only place to get money to pay back the debt must come from the Federal Reserve, which is borrowed- at interest. Therefore, there is technically no way for the country to ever be out of debt. That is, if you choose to believe that the debt is actually real, which because it is unconstitutional the debt is in fact null and void. However, we are told that as Americans, we are responsible for this unconstitutional debt, and most people believe it. The media also loves

Ben Bernanke, Federal Reserve Chairman

to tell us that China owns us because they own so much of our debt. This is also a fallacy. China only owns approximately $1.15 Trillion of the over $16 Trillion US debt and are not buying a single dime more of it because they know it is becoming highly unlikely we will be able to pay it back. So who really owns all of the debt? The Rothschild family behind Federal Reserve owns it (making them, and the couple other families involved the only actual Trillionaires in the World), and they are terrified that if the American people fight back, they will be stuck with the bill- essentially loosing their stake in America. In fact, the family’s wealth is estimated at over $500 Trillion dollars- more than 1/2 of the entire world’s wealth. Why then does the media tell us that the wealthiest person on the planet is Bill Gates with only about $40 Billion? Maybe it’s because the Rothschild family purchased Reuters and the Associated Press who report the news to the world through ABC, the New York Times, the Washington Post, and every other media outlet. It’s easy to stay out of the spotlight when you own the media. The rest is history-

In order to have total control over America the Federal Reserve had to end all other forms of real, commodity backed money such as gold and silver. They accomplished this by creating mass hysteria in American markets, which led to the Great Depression. On June 5th, 1933 Roosevelt took America off of the gold standard. He forbade banks to pay out gold and to export it. Keynesian economic theory dictates, one of the best ways to fight off an economic downturn is to inflate the money supply. Increasing the amount of gold held by the Federal Reserve would in turn increase its power to inflate the money supply. So Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 to be turned in for other money. He then required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1st for the set price of $20.67 per ounce. If they did not, they would be prosecuted. Come May 10th, the government had taken in $300 million of gold coin and $470 million of gold certificates, which is more than $13,197,874,712.37 today when adjusted for inflation. Two months later, Congress passed a joint resolution abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, therefore increasing the gold on the Federal Reserve’s balance sheets by 69%. This tactic allowed the Federal Reserve to further inflate the supply of money by increasing their balance sheets. In August of 1971 Nixon put a total end to the gold standard when he announced the US would no longer convert dollars to gold at a fix standard. This is the day that the Federal Reserve officially won the war against Americans- for now.

Before all of this there were many commodity backed competing currencies in the country. It is now illegal to have such currencies. However, cities in multiple states have found a way to fight back. Some of the local currencies are backed by the USD so that you may trade them in, others are not. Those that are not are put into circulation freely to have even greater affect on the local economy. Here are some of the most recent-

  • In Berkshire Massachusetts they have created Berkshares. The Berkshare is a local currency. It is used just like the USD, but is not called “money”. The Berkshare is set in denominational values and traded for goods and services in the Berkshire area. Because this currency is only accepted in the Berkshire area it grows the local economy because currency cannot leave. Over 500 businesses in the area accept the Berkshare and now small local banks have even partnered up to grow their local economy. Currently there are over 2.7 million Berkshares in circulation.
  • Detroit Michigan has the Detroit Cheer or Script. There are over 4,500 in circulation and 25 business accept them.
  • The Plenty the the local currency of Pittsboro, North Carolina has more than 200 business involved.
  • Ithaca Hours  are used in Ithaca New York and have over 900 businesses involved in less than 20 years.
  • Mountain Hours are used in Summit County Colorado and were started in 2012. They are already wildly successful in less than a year.
  • Most recently VolsHours in Nashville, Tennessee has just been launched in November 2012.

Although this will not end the Federal Reserve in any way, it may be an effective way to attempt to escape inflation. It does indeed have its limits and legitimate problems. However, because they operate on such a local, small level the problems are relatively arbitrary. Here is a list of all of the local currencies used in America. The trend first started during the Great Depression due to the Federal Reserve creating mass hysteria in the remaining banks and markets in order to have full control over the money supply. However, most cities stopped using them until the last decade or so. Local currencies have been popping up faster than ever before. If you are interested in learning how to create a local currency for your community it will serve you well for many reasons: Inflation like we’ve never seen before is on its way with all of the recent quantitative easing that the Federal Reserve has been doing lately, it is an effective way to fight against the unconstitutional Federal Reserve, it builds the local economy better than any other methods currently applicable, and it builds community bonds.

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” -Thomas Jefferson

Enjoy This Article? Share It! Facebook212Twitter0Reddit0Pinterest0StumbleUpon0LinkedIn0Google+0

1 comment for “Cities Around the Country Ditch the US Dollar

  1. December 11, 2012 at 3:24 am

Leave a Reply

Your email address will not be published. Required fields are marked *