The Catskill Chronicle

To the Editor:

We Americans are facing a catastrophic breakdown of our monetary system. People are now becoming aware of this after losing their jobs, or homes in foreclosure, and facing increased effects of inflation and taxes. And inflation hasn’t been fully played out yet!

There is a paradigm shift in the economy which started during previous administrations going back even to the Wilson, Roosevelt, Nixon and Johnson administrations.

Why and how did this happen? Well for one thing, you can blame the government and its politicians for the ever increasing spending habit they have with money they don’t have. Next, Congress made a terrible mistake back in 1913 by creating the Federal Reserve Act (the FED). Roosevelt seized our gold in 1933, and Nixon closed the gold window internationally in 1971, but we still had good money in till 1964 when Silver was withdrawn from circulation.

Since then our money has no backing and is just printed paper or keyboard entry bank deposits. This so-called Money is created two ways: by borrowing it, or by creating it out of nothing. Our borrowing also has been exhausted and we now resort to printing it. We don’t have any real money since our gold and silver stock has been exhausted or compromised. We don’t know how much we have or if any at all as an audit has not been made since the Eisenhower administration. Our politicians have allowed this to happen and are directly responsible for the results we now experience. What is the solution? Is the solution the same old tired use of deficit spending and borrowing, or printing money? No! The solution remains with resolving the currency, the US dollar, in terms of real gold and silver money.

What is necessary to correct this? First, all present mortgages must be adjusted so that Americans don’t lose true equity in their homes and businesses. All debts will have to be adjusted in real terms. Next, the US dollar must be defined in terms of gold and silver that the US Constitution requires. The dollar must be backed by gold. Only then can the monetary system be restored in any sensible way and America be brought back again to prosperity.

What can you do about it? First, get informed by researching the Internet (not the Boob tube); then learn how the Fed has stolen our wealth by creating assets out of thin air by printing money and making us debtors to international bankers. Join with liberty-minded groups like the Tea Party, the Oathkeepers, Citizens for Liberty (C4L), FreedomWorks, or others.

Once you understand all this, then act upon it by insisting Congress repeal the Federal Reserve Act and put the money back in the peoples hands where it belongs. Until this happens we all will continue to suffer until our liberty and freedom is totally decimated. So put this on your do list now! May God bless America!

Submitted by

Paul Henderson, Napanoch, NY