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Because we have destroyed our protective tariffs, we now have run an accumulative trade deficit of over $9 trillion. Foreign holdings of dollar reserves now exceeds $5 trillion.

Based on a 25% reserve gold standard (we historically only backed 25% of the U.S. dollars with gold) those foreign dollar holdings alone could be used to extinguish the gold backing of $20 trillion – more than the total money supply of the United States.

Ron Paul completely ignores the lessons and warnings of past leaders in his free trade dogma:

“We were suffering from the restrictions of foreign nations, who had shackled our commerce, while we were unable to retaliate: and all now agreed that it would be advantageous to the union to enlarge the powers of Congress: that they should be enabled in the amplest manner to regulate commerce, and to lay and collect duties on the imports throughout the United States.”

“The Address and Reasons of Dissent of the Minority of the Convention of Pennsylvania to their Constituents”
Samuel Bryan
December 18, 1787

In the debate on the first tariff bill in 1789, Fisher Ames, one of the ablest men in that Congress, said :

” I conceive, sir, that the present Constitution was dictated by commercial necessity more than by any other cause. The want of an efficient government to secure the manufacturing interest, and to advance our commerce, was long seen by men of judgment and pointed out by patriots solicitous to promote our general welfare.”

Daniel Webster, historically known, as “the Great Expounder of the Constitution,” in a speech at Buffalo, June, 1833, declared : ” The protection of American labor against the injurious competition of foreign labor, so far at least as respects general handicraft productions, is known historically to have been one end designed to be obtained by establishing the Constitution.”

Years later he repeated this idea, but much clearer and stronger in a speech at Albany, in August, 1844, when he said :

” In Colonial times, and during the time of the Convention, the idea was held up, that domestic industry could not prosper, manufactures and the mechanic arts could not advance, the condition of the common country could not be carried up to any considerable elevation, unless there should be one government to lay one rate of duty upon imports throughout the Union ; regard to be had, in laying this duty, to the protection of American labor and industry.

” I defy the man in any degree conversant with the history, in any degree acquainted with the annals of this country from 1787 to 1789, when the Constitution was adopted, to say that protection of American labor and industry, was not a leading, I might almost say, the leading motive, South as well as North, for the formation of the new government. Without that provision in the Constitution, it never could have been adopted.”

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They could not pass the 16th Amendment, the income tax amendment, as long as the States were selecting senators. I present as my own definition of proof of this that one of the first things done after passage of the 17th Amendment, which gave selection of Senators to the voters rather than the State houses, was the passage of the 16th Amendment that gave the Federal government the ability to tax the individual.

We had much more protection from the Progressives when the State houses selected senators than we do today. Now, the Senators interests are the same as the representatives. It was a sad day for the republic when is lost a key character of being a republic.

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I don’t think you can cold turkey anything here. Congress has to force the Fed to accept competing currencies, though. Anything else will not work. The Fed will fight because as everybody knows, good money will drive out bad money. I have my doubts about whether a competing currency such as hard money would improve the dollar’s value by virtue of competition, though. I think it would just inspire more machinations from the Fed against our economy.

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“IT IS THE JEWS!” you cry and bang, ears and minds close, as they should, to anything else you have to say.

Those who instigated a fiat currency are godless and amoral. As to your service, well, I appreciate it. Now, go clear out the shellshock of disinformation that has you working against your own best self-interests. Four of my great uncles were in Normandy on D-Day and none of them run around hollering about Jews, even David White, the second American to be greeted by the Queen. What he DID see was a war torn apart by central banks and greed and he spared no pains educating me about it.

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