Powers of the U.S. Constitution: Under Art. 1, § 8, cl. 5
of the U.S. Constitution, Congress is granted the power to coin
money, and via Art. 1, § 10, cl. 1, the states are disabled from
making anything but gold and silver coin a tender in payment of
debt. This brief, about 18 years old now and in need of serious
redrafting, covers a wide variety of state and federal cases
addressing the monetary powers and disabilities contained in the
U.S. Constitution. Perhaps this brief constitutes a decent
introduction to this most important subject.
Money Cases: There were a number of state court decisions
regarding money prior to the War of Northern Aggression that are
compiled in this long file. Interesting reading.
The Works of Dr. Edwin Vieira:
Dr. Edwin Vieira, Jr., is without question the most knowledgeable legal scholar regarding the monetary system of our nation. He has written many articles on the subject of money and the Federal Reserve System.
What is a Dollar: In this monograph, Edwin explains the "dollar" of the Constitution. This is a PDF file. (Added 9-19-02).
The Forgotten Role of the Constitution in Monetary Law: This law review article, posted here in PDF, is a more detailed discussion of the "Dollar" of the Constitution.
The Federal Reserve System as a Parasite: This is one of the monographs Edwin authored on behalf of the National Alliance for Constitutional Money.
Monetary Reform: This is an excellent treatise regarding the need for monetary reform; it is Vieira at his usual best! This is a PDF file.
Constitutional Imperative: Edwin advocates, in times of economic troubles, we should start first with the Constitution to solve those problems. This is a PDF file.
Edwin Vieira's Speech: Over Labor Day weekend, 1991, the NCBA had a convention in Denver. Franklin Sanders and I spoke there as did Edwin, who, as always, gave a great speech which you are invited to read.
II. Historical Works and Other Information:
Moneta: Bishop Nicole
Oresme, a mathematician, astronomer and economist who
lived during the 14th century, wrote this work entitled "De
origine, natura, jure et mutationibus monetarum", here
translated from the French. This powerful work provides a
glimpse of Medieval thought on the subject of coinage and
Bank: The history of John Law's banking experience in 18th
Caveat Against Injustice: In 1752, Roger Sherman, author
of Art. 1, § 10, cl. 1, of the U.S. Constitution, wrote this
short treatise; it is a "must" read! (Added 9-16-02). Here is:
Freneau Editorial: Philip Freneau was editor of the National Gazette in the early 1790s and one of the editorials he wrote and published was entitled "Rules for Changing a Republic into a Monarchy," republished here, which was an amazing prediction of our future and the Federal Reserve System.
1819: The Von Mises Institute is making available Murray
Rothbard's great book about this panic. Download this PDF file
of Paper-Money: In 1833, William M. Gouge, who opposed the
2nd Bank of the United States along with President Andrew
Jackson, wrote an excellent book, A Short History of Paper-Money
and Banking in the United States. It is now posted on Devvy’s
website, linked here. Gouge also wrote The
Curse of Paper-Money and Banking.
Congressional Report on Operations of Second Bank of the
United States: This report was generated at a time when
debate on the question of the re-charter of the Bank was before
Second Bank of the United States: Ralph Catterall wrote
this lengthy history of that banking institution which was
ultimately put out of business by President Andy Jackson.
Jackson and the Bank of the United States: This short book
provides a good examination of Jackson’s battle against Nicholas
Biddle and the Bank.
the War of Northern Aggression, Congress authorized the first
emissions of legal tender “Greenbacks.” Alex Del Mar, a noted
author regarding money and economics, wrote a great book about
expected events that might happen as a result of the emission of
legal tender paper money. His Great
Paper Bubble is a worthy read. See also A
History of the Precious Metals and other similar works
The Coming Battle: In 1899, M.W. Walbert wrote this book regarding our monetary system; this is a book you should read. It appears here as a PDF file. You may also order a reprint of this book from Paul Walter.
The Federal Reserve Act: The 1913 Federal Reserve Act, 38 Stat. 251, is posted here as a PDF of the act itself. It is a large file, almost 3200 KB, so it will take a few minutes to download.
1923 Congressional Record: In May, 1920, the Federal Reserve Board met and agreed to contract credit for the first time in its short history. A publisher of a newsletter, the Manufacturer's Record, obtained a copy of the transcript of that meeting and eventually the story about the meeting and its effect appeared in the Congressional Record for 1923. This file is a PDF of these pages from the Congressional Record; it is 2100 KB in size. I have also posted a text conversion of these pages here.
McFadden's Speech: Congressman Louis McFadden spoke before Congress in 1933 about the evils of the Federal Reserve System and this file is a reproduction of his famous speech which was printed in the Congressional Record.
of the Great Depression, by Lawrence Reed: This is an
excellent explanation of the sinister events of the depression.
It is a PDF file and will take a few moments to download.
Money: Congressman Wright Patman's banking and currency
committee published this excellent work about money in
1964. This link goes to this document posted on Devvy
Works: This site has some downloadable texts regarding
economics and currency.
Lost Their Right To Own Gold And Became Criminals in the
Process: This is an excellent law review article by Henry
Mark Holzer. 39 Brooklyn Law Review 517 (1973).
Cookie Jar: Read it.
Reserve Banking as Economic Parasitism: This scholarly
article written by Vlad Nuri is another great read that makes
the point that the Fed is a parasite, harmful to the interests
of the American people.
Borrowing Currency Into Circulation: This short memo discusses the adverse economic consequences resulting from the manner by which credit ("money") is created today.
Views of a Moneychanger: Franklin Sanders is a "moneychanger" having a wide variety of views regarding money, taxes and fighting governmental injustice. Here is a snapshot of some of his thinking. Visit Franklin's Moneychanger web site. If you need specie, contact him.
Golden Sextant: Regie Howe has a good collection of articles regarding the gold standard.
Billions for the Bankers: Almost 20 years ago, Pastor Sheldon Emry wrote this short pamphlet explaining the operation of our banking system. This booklet needs wide circulation.
Fed: Myth or Reality? What does the Fed itself say about some of the matters posted above? Why don't you read this recent Fed publication and find out. Please also read the Fed's Modern Money Mechanics. How about an analysis of an old Fed publication? Read what SW Adams wrote years ago.
Ownership of money and the induction of value to money: Italian Prof. Giacinto Auriti shows that the Italians are thinking about some very basic points regarding money and credit.
IV. Confessions from the central bank
Netherlands Central Bank has just published a fascinating new
paper, titled “Monetary
policy and the top one percent: Evidence from a century of
modern economic history”. Summaries of this
report have been published by ZeroHedge
and the True