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CMRE - 2013
Nothing endures but change.
Heraclitus

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Developing Sound
Money, State by State
Tom Selgas,
United States Bill of Rights Foundation http://www.usbor.org
tdselgas@usbor.org
1.
2.
3.
4.
5.
There is a general life-cycle to money
We are at the final stage of that life-cycle
We have the right to engage in enforceable gold clause contracts
States have the duty to enforce such contracts
States have the duty to implement a gold & silver monetary system

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General Life-cycle of money
A Free Market
Emerges

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General Life-cycle of money
A Free Market
Emerges
Free Market
Money Emerges

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General Life-cycle of money
A Free Market
Emerges
Free Market
Money Emerges
Government
Regulations
Emerge

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General Life-cycle of money
A Free Market
Emerges
Free Market
Money Emerges
Government
Regulations
Emerge
Government
Monopolizes
Money Supply

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General Life-cycle of money
A Free Market
Emerges
Free Market
Money Emerges
Government
Debases its
Money
☞
Government
Regulations
Emerge
Government
Monopolizes
Money Supply

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General Life-cycle of money
A Free Market
Emerges
Free Market
Money Emerges
F. U. D.
creates
Crisis and Collapse
Government
Debases its
Money
☞
Government
Regulations
Emerge
Government
Monopolizes
Money Supply

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General Life-cycle of money
A Free Market
Emerges
Reemergence of
Free Market
Money
Free Market
Money Emerges
Government
Regulations
Emerge
F. U. D.
creates
Crisis and Collapse
Government
Debases its
Money
☞
Government
Monopolizes
Money Supply

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Developing Sound
Money, State by State
Tom Selgas,
United States Bill of Rights Foundation http://www.usbor.org
tdselgas@usbor.org

There are great changes in monetary systems around the world as the result of FUD (fear, uncertainty and doubt) created by crisis and collapse of fiat currency systems.

“The value of money always approaches its cost of production”
Dr. Larry Parks

America’s founders experienced the final stage of the monetary life cycle leading to the popular phrase
“worthless as a continental”

“Since the federal constitution has removed all danger of our having a paper tender, ...” The Pennsylvania
Gazette, December 16, 1789 Publisher
Benjamin Franklin.

+
Developing Sound
Money, State by State
Tom Selgas,
United States Bill of Rights Foundation http://www.usbor.org
tdselgas@usbor.org

There are great changes in monetary systems around the world as the result of FUD (fear, uncertainty and doubt) created by crisis and collapse of fiat currency systems.

“The value of money always approaches its cost of production”
Dr. Larry Parks

America’s founders experienced the final stage of the monetary life cycle leading to the popular phrase
“worthless as a continental”

“Since the federal constitution has removed all danger of our having a paper tender, ...” The Pennsylvania
Gazette, December 16, 1789 Publisher
Benjamin Franklin.

+
Developing Sound
Money, State by State
Tom Selgas,
United States Bill of Rights Foundation http://www.usbor.org
tdselgas@usbor.org

There are great changes in monetary systems around the world as the result of FUD (fear, uncertainty and doubt) created by crisis and collapse of fiat currency systems.

“The value of money always approaches its cost of production”
Dr. Larry Parks

America’s founders experienced the final stage of the monetary life cycle leading to the popular phrase
“worthless as a continental”

“Since the federal constitution has removed all danger of our having a paper tender, ...” The Pennsylvania
Gazette, December 16, 1789 Publisher
Benjamin Franklin.

+
Developing Sound
Money, State by State
Tom Selgas,
United States Bill of Rights Foundation http://www.usbor.org
tdselgas@usbor.org

There are great changes in monetary systems around the world as the result of FUD (fear, uncertainty and doubt) created by crisis and collapse of fiat currency systems.

“The value of money always approaches its cost of production”
Dr. Larry Parks

America’s founders experienced the final stage of the monetary life cycle leading to the popular phrase
“worthless as a continental”

“Since the federal constitution has removed all danger of our having a paper tender, ...” The Pennsylvania
Gazette, December 16, 1789 Publisher
Benjamin Franklin.

+
Developing Sound
Money, State by State
Tom Selgas,
United States Bill of Rights Foundation http://www.usbor.org
tdselgas@usbor.org

In 1985 Congress reinstituting constitutional gold and silver coined money, creating a constitutional alternative currency system.

+
Developing Sound
Money, State by State
Tom Selgas,
United States Bill of Rights Foundation http://www.usbor.org
tdselgas@usbor.org

In 1985 Congress reinstituting constitutional gold and silver coined money, creating a constitutional alternative currency system.

Today we the right to engage in enforceable gold clause contracts, but few of us use them because of fear of the IRS.

+
Developing Sound
Money, State by State
Tom Selgas,
United States Bill of Rights Foundation http://www.usbor.org
tdselgas@usbor.org

In 1985 Congress reinstituting constitutional gold and silver coined money, creating a constitutional alternative currency system.

Today we the right to engage in enforceable gold clause contracts, but few of us use them because of fear of the IRS.

Thus our best solution to restore our great country to some semblance of a constitutional monetary system is to press our States – under their duty at
U.S. Const. art. I, § 10, cl. 1 – to make nothing but gold and silver a tender for payments of debts.