Hope For Financial Freedom

by Timothy Baldwin

The financial system our federal government created in 1913 and thereafter maintained has created nothing but iron chains around the hands, feet and necks of the states of America. Unfortunately, most Americans do not understand the unconstitutionality and dangers of this system (mostly because of a lot of brainwashing over the years). When politics begin to affect the wallet, however, many Americans all of a sudden become politically active and “righteously” indignant. This sadly reveals that principles of truth are not priority. But if a person even cares about America’s history, principles of freedom as accepted by our forefathers or the natural and revealed laws of God, he has to admit that one of the most fundamental elements of freedom is financial freedom. These fundamentals confirm the right of individuals to work in exchange for other items contracted for by the engaged parties, to reap all the benefits and rewards of his labor, skill and intellect without the unjust or unauthorized interference of anyone else, including government. Our Declaration of Independence categorizes this natural right as the “pursuit of happiness,” meaning property, which money certainly is.

Despite financial freedom being considered a natural right, our federal government has ignored this right and principle of freedom; and today, it controls virtually every aspect of money, starting with money’s very creation (i.e. printing) through the inaptly-named, Federal Reserve System (created in 1913 by Congress). But the idea of this system did not come from our forefathers. In fact, based upon the principles of individual freedom, self-government and limited government, our founders rejected the federal government’s power to print money by giving only this power to Congress in Article 1, Section 8: “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.” Moreover, States agreed (by ratification of the U.S. Constitution) that they would only be limited as follows relevant to money and currency: “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” Since 1913, the federal government has been perpetually acting unconstitutionally; and today, States are forced to violate the U.S. Constitution and accept fiat money as tender in payments of debts.

Even a shallow scan of America’s history reveals that our founders and ratifiers considered the constitution to be worth nothing more than fire starter if Congress had the power to print money and create a fiat monetary system. Consider of a few of our founders’ position on the money system we have had since 1913 (citing from, George Bancroft, History of the United States of America: From the Discovery of the Continent [to 1789], Volume 6, [New York: D. Appleton and Company, 1890], 301–303) (Emphasis added):

“[George] Mason of Virginia had a MORTAL HATRED TO PAPER MONEY.”

“[The ratification of the U.S. Constitution] is a favorable moment to shut and bar the door against paper money, which can in no case be necessary. THE POWER MAY DO HARM, NEVER GOOD. Give the government credit, and other resources will offer. “(Oliver Ellsworth)

“PAPER MONEY CAN NEVER SUCCEED WHILE ITS MISCHIEFS ARE REMEMBERED; and, as long as it can be resorted to, it will be a bar to other resources.” (James Wilson).

“Rather than give the power [to congress to emit bills] I WOULD REJECT THE WHOLE PLAN [of the Constitution].” (John Langdon)

“[Under the ratified version of the U.S. Constitution], THE PRETEXT FOR A PAPER CURRENCY, and particularly for making the bills a tender, either for public or private debts, WAS CUT OFF.” (James Madison)

“[Nathanial] Gorham favored STRIKING THE WORDS [in the Constitution, allowing Congress to “EMIT BILLS”] without a prohibition inserted in the document, feeling that if the words were to stand, this could lead to the issuance of paper money.”

“Pierce Butler remarked that paper money was a legal tender in no other country in Europe, and he wanted to DISARM THE GOVERNMENT OF SUCH POWER.”

“George Read stated that if the words [and emit bills] were not struck, IT WOULD BE AS ALARMING AS THE MARK OF THE BEAST IN REVELATION.”

“This is the interpretation of the [Article 1, Section 8] clause…History cannot name a man who has gained enduring honor by causing the issue of paper money.” Ibid., 303. Contradicting these sound lessons and mandates of human history, the U.S. Constitution and natural law (meaning, the value of commercial exchange should have actual value, not pretend value), the federal government has for nearly 100 years operated under a fiat financial system, printing money out of thin air, being backed by nothing of substance, increasing the federal debt, causing inflation, decreasing the value of our contracted-for work, diminishing our future investments, and jeopardizing the lives of millions (just to name a few). Do you think that a country is living in freedom when this takes place?!

The very implementation and structure of the Federal Reserve System is corrupt, considering the most basic principles of a free society, as it puts the power of the fiat money market into the control of a few unelected and uncontrolled people. The danger of this system was recognized immediately by financial experts after its implementation. Consider what Professor John Holdsworth observes in 1914: “It is obvious that a board clothed with such powers can exercise an enormous influence either for good or ill upon the new system. Success or failure…will depend largely upon their ability, wisdom, and tact.” John Thom Holdsworth, Money and Banking, 6th Edition, (New York: Appleton, 1914), 353. Is the definition of “oligarchy” coming to mind?

The creation of our Constitutional Republic was to place the power of securing individual natural rights under the constraints of a fixed constitution into the hands of many who would be affected by its abuse: that is, the people and their agents! The federal system was entirely a check and balance upon all powers in the federal government: checks by the people directly, checks by the other branches of federal government, checks by time itself and checks by the state governments. Yet, the Federal Reserve System literally removes one of the most fundamental natural rights (property) from the control, oversight and power of the people and of their closest representatives (Congress and the State governments). America’s monetary system is without a doubt despicable, unnatural, fraudulent and dangerous.

So, what is our federal government going to do about it? What have they done since 1913? Nothing! I believe we can say with certainty they will continue their legacy. Sure, we know Congressman Ron Paul (and maybe a few others) has attempted to make a difference in this area (See, H.R. 4683, The Free Competition in Currency Act of 2007). God bless him for his lone-wolf efforts. However, even with a Republican-controlled federal government from 2000 to 2008, nothing has been done to bring the Federal Reserve into accountability and responsibility, much less to termination–all this after nearly 100 years of this corrupt system being woven into the fabric of our states and even the entire world. We can say with assurance that putting our hope in the federal government to control the monster it has created is misplaced. It is disgusting how the federal government usurps the delegations and trusts of its power, violates the principles and limitations of the constitution, does nothing to reverse the usurpations and expressly revert these powers back to the states and the people. Still, every year, they expect that we vote for them and look to Washington D.C. for the answers to our problems. What a racket of tyranny! Yet, most take the bait. I would not trust them with taking caring for my dog.

There is, however, an alternative solution–one that our founders expected in cases of federal usurpations: the STATES. What has to be concluded here is that since the federal government does not possess the power to create this fiat system, it of course has acted unconstitutionally since 1913, depriving individuals, the people and the states of the powers they retained under the ninth and tenth amendments of the U.S. Constitution. Being sovereign, the states have the power to do what their constitutions give them power to do in this regard. As a result, the States must take courage to use of their inherent sovereignty: they must be energized by the force of truth, the fire of freedom and the passion of the people. The state governments must recognize this: we, who demand justice, demand that our states retake powers that rightly belong to us, terminate powers that have wrongly been usurped by tyrants, and create within our borders a free and independent system of finance and commerce.

The States must recognize and proclaim once again that,

“Paper money has no hold, and from its very nature can acquire no hold, on the conscience or affections of the people. It impairs all certainty of possession, and taxes none so heavily as the class who earn their scant possession by daily labor. It injures the husbandman by a twofold diminution of the exchangeable value of his harvest. It is the favorite of those who seek gain without willingness to toil; it is the deadly foe of industry. No powerful political party ever permanently rested for support on the theory that it is wise and right. No statesman has been thought well of by his kind in a succeeding generation for having been its promoter.” Bancroft, History of the United States of America, 304.

Until the States become capable of monetarily sustaining themselves as sovereign states are supposed to, the federal government has nothing but incentive to keep the States enslaved to a worthless, fiat system of slavery, which only feeds the power of the federal government with each print of a fiat dollar bill. When the States become monetarily strong and independent, hope for financial freedom will once again return to our States. The question is, which States are willing to protect freedom for their citizens.

Sphere: Related Content

, , , , , ,

This post was written by:

Timothy_Baldwin - who has written 128 posts on Liberty Defense League.

Timothy Baldwin is a Florida and Montana attorney who received his B.A. degree at the University of West Florida and graduated from Cumberland School of Law at Samford University in Birmingham, AL. After having received his Juris Doctorate degree from Cumberland, Baldwin became a Felony Prosecutor in the 1st District of Florida. In 2006, he started his own law practice, where he created specialized legal services entirely for property management companies. Baldwin is a prolific writer/columnist and writes for numerous publications, including The New American magazine. Baldwin is also an articulate speaker relevant to freedom’s issues. Baldwin is an author of legal and political articles, as well as his latest book, Freedom For A Change (published by Agrapha Publishing). Baldwin has a working manuscript on Romans 13: The True Meaning of Submission and expects to publish this book soon. Baldwin is involved in important state sovereignty movement issues, including the federal litigation in Montana involving the Firearms Freedom Act.

Contact the author

16 Responses to “Hope For Financial Freedom”

  1. JRM Says:

    I whole-heartedly agree. The major tasks before us are to determine:

    01. The current monetary dependencies of our State to the Federal government.

    02. The current economic categories that are self-sustaining in our State without Federal subsidies.

    03. The process for an economic category to become self-sustaining.

    04. The process for cutting all “strings attached” because of the receipt of prior Federal subsidies.

    State Sovereignty is of critical importance! Only by the enforcement of sovereignty from the elected State officials AND the support of the People can any State become a haven for Freedom and Prosperity.

  2. Mike Tuggle Says:

    This article deserves wide circulation. I’m sending it friends on my email list. It amazes me that Americans don’t understand that the Fed is a private bank that cranks out money backed by NOTHING except our faith in Congress. Most still believe that gold backs the dollar’s value.

    If only!

  3. Josh Cole Says:

    Well put Tim. I look forward to seeing this idea gain more traction as the people in the States lose faith in the FED. I have no doubt that people would begin to flock to whatever state takes the lead in this area.

  4. rep Bob wagner Says:

    Tim, The state of Montana will be the first state to return to Gold backed currency in the 09 legislative session I introduced HB-639 crafted by Edwin Verria it didn’t get out of committe how ever next go – around a different stratagy will be tested keep tuned Bob Wagner

  5. Mike Says:

    Here is a link to some great info of a State legislature taking this kind of an approach to deal with the FED. This came out of Nevada about 5 years ago.


  6. Timothy_Baldwin Says:

    Rep. Wagner, I pray for its success! May all the States follow.

  7. Sheila Frazier Says:

    We have to bring the leaders of the State around from their way of thinking as well. All Representatives and Senators need to have their eyes opened to what is happening within the Financial System so they can become a part of the solution that needs to happen to bring financial freedom to all Americans. God Bless All that have opened their eyes and all those having their eyes opened to the reality of the Financial System.

  8. Sheila Frazier Says:

    Thanks Rep. Wagner. Nice work. God Bless you and your team as you press forward! :)

  9. Marc Narosny Says:

    Dear Mr. Baldwin,

    Your article on the state of our economy and the disregard our present government has for the constitution is very poinent. I totally agree with you that every state must exercise their sovereign right to print money, and to take control back from this ever growing disease we call the
    Federal government. It is our constitutional right. I would go one step further as to totally stop paying these Wall Street thugs(Goldman Sachs,JP Morgan & the Federal Reserve) our hard earned money and stop paying federal income tax. It is unconstitutional, and we seemed to get along without this tax until the Federal Reserve came into existance in 1913.See how fast Bernanke, Geithner, Rubin, Summers, and the rest of these criminals would take notice. This money is hardly paying the interest on the national debt. Pull your money out of these banks, and buy gold and silver before the dollar plummets! These banks will take notice quickly. Its time to take immediate action if this country is to survive in form or another.

    Unfortunately time is running short on this economy. The outside world is nearing a point of sending the US adrift as a third world country. The petrol dollar will soon be replaced, and then you will see the dollar go away as the reserve currency. This will happen next year if the dollar doesn’t crash beforehand. Americans don’t realize that the US for all intents and purposes is bankrupt, along with most of your countries relying on a fiat money system.

    The Federal Reserve is bankrupt, along with the FDIC, Social Security, Medicare and Medicaid, all 5 of your major banks, AIG, Freddie Mac, and Fannie Mae. They have all been socilaized and artificially propped up by trillions of dollars of fake money. The bond market has been propped up by the Fed as they have been funneling trillions into Europe and then buying up our own bonds. What a scam!

    The US sits on a powderkeg of over $200 trillion of derivatives, and the rest of the world is sitting on $400 trillion of these toxic derivatives. Dubai World and its default is sending a clear message that this dervative bubble will burst, and when it does, most of the world economy will go with it. Its more than twice the GDP of every country in the world!There is no way to stop it. We have based the whole world economic system on a fake fiat holographic derivative bubble that has only one way to go, and that is to crash and burn. Some countries like China, Brazil, India,and a few other may survive, but will still be damaged by the impact.

    I’m afraid that humanity is about to suffer a major blow because of greed and corrutption by a few Elite people who seem bent on controlling the world. The time to start a major push of every state succeding from the union should be now, for time is running very short! Our Federal Government is toally being run like a gambling casino by ruthless thugs. They care not about the people of this country or anyone in the world. Just take a look at the fruitless wars which we will never win, all in the name of democracy.

    The only reason we are in Afganistan is to protect an illegal drug crop, to gain control of a strategic part of the world, and the military machine pocketing billions of dollars from the production of all these weapons. We can’t afford these wars, and they are unwinnable!

    If only humanity would consciously wake up, and see whats really important in this world, maybe we could make that next transformation to a better existance that we are truly destined for.

  10. Mark Herpel Says:

    “To improve our money system it is neither necessary nor wise to destroy our present system. It is only necessary to produce a better product and to introduce it gradually.” –Dr. Edward Popp, The Great Cookie Jar, 1978

    Digital gold currency is already here.

    Mark Herpel

  11. Mike Says:

    Bankers won’t hesitate to kill and then eat their own customers. This Ron Paul bill would be a good start as far as political solutions might go but they (the banksters) will most likely not allow competition to challenge there monopoly. They, the FED got this power by Congress FILCHING it away. Look up the word (filch) by usurping the money power the States freely gave the Congress. They Congress will need to be challenged buy the States or some sovereign to deal with the FED properly. I guess nobody read the link I sent?


  12. Brittani Summerson Says:

    Thanks. Really useful article.


  1. Hope For Financial Freedom | Info Hound Online: Interesting News & Information! - 15. Dec, 2009

    [...] For Financial Freedom 15 Dec 2009 | 11:59 am Infowars Timothy Baldwin Liberty Defense League December 15, [...]

  2. Hope For Financial Freedom « Norcaltruth - 16. Dec, 2009

    [...] Source: LibertyDefenseLeague [...]

  3. Hope For Financial Freedom - 16. Dec, 2009

    [...] Hope For Financial Freedom | Liberty Defense League. Share and Enjoy: [...]

  4. Hope for Financial Freedom | Truth2America - 19. Dec, 2009

    [...] To continue reading this report, click here. [...]

Leave a Reply