Monday, September 29, 2008

Here's My "Economic Bailout Plan"

Here's a Plan I can live with...

(with credit to G. Edward Griffin)

Stop the creation of federal reserve notes (FRNs).
Disband "Legal Tender" laws.
Audit & publish the gold and silver in the US Treasury vaults.
Define the US Dollar as 371.25 grains of silver.
Start minting Silver Dollars, half-dollars, quarters & dimes.
Start printing 100% silver/gold-backed money.
Divide the $ in US silver & gold by all outstanding FRNs.
Exchange all FRNs for good 100% silver-backed Dollars.
Dissolve the Federal Reserve System.
Outlaw fractional reserve banking.
Deregulate banks and cancel their federal insurance.
Demand deposit accounts (checking/debit) earn NO interest.
CDs are only deposits that earn interest.
Review and cancel most alliances.
Get out of the U.N. Sell the building. Evict the tenants.

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