Gold standard - Revision history

PeterDuffy at 22:46, 24 February 2026

2026-02-24T22:46:33Z

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	<blockquote>		<blockquote>
	As the God of Gold has come forth to speak in the name of the gold standard, so I would remind all that as you exchange your supply for gold, you are holding the balance for the gold standard to be raised up.<ref>Lanello, December 31, 1973.</blockquote>		As the God of Gold has come forth to speak in the name of the gold standard, so I would remind all that as you exchange your supply for gold, you are holding the balance for the gold standard to be raised up.<ref>Lanello, December 31, 1973.</ref></blockquote>
	</blockquote>		</blockquote>

PeterDuffy at 22:44, 24 February 2026

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	{{Economics}}		{{Economics}}

	The United States abdicated her responsibility to provide the abundant life when she went off the '''gold standard'''. This happened in stages. On April 5, 1938, President Roosevelt declared a national emergency and said he was depriving American citizens of the right to own gold and use it as a medium of exchange.<ref>Ron Paul and Lewis Lehrman, ''The Case for Gold: A Minority Report of the U.S. Gold Commission'' (Washington, D.C.: Cato Institute, 1982), p. 129.</ref>		The United States abdicated her responsibility to provide the abundant life when she went off the '''gold standard'''. This happened in stages. On April 5, 1938, President Roosevelt declared a national emergency and said he was depriving American citizens of the right to own gold and use it as a medium of exchange.<ref>Ron Paul and Lewis Lehrman, ''The Case for Gold: A Minority Report of the U.S. Gold Commission'' (Washington, D.C.: Cato Institute, 1982), p. 129.</ref>

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	The framers intended Congress to use gold and silver coin as money even though they did not explicitly state that Article I, Section 10 applied to the federal government. This can be demonstrated by the statements of a number of the framers, a text analysis of the Constitution and by Supreme Court decisions. The Founding Fathers’ intent is also seen in the actions of the First Congress, which in 1792 created a monetary system based on gold and silver.<ref>Edwin Vieira, Jr., ''Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution'' (Old Greenwich, Conn.: Devin-Adair, 1983), pp. 15–36.</ref>		The framers intended Congress to use gold and silver coin as money even though they did not explicitly state that Article I, Section 10 applied to the federal government. This can be demonstrated by the statements of a number of the framers, a text analysis of the Constitution and by Supreme Court decisions. The Founding Fathers’ intent is also seen in the actions of the First Congress, which in 1792 created a monetary system based on gold and silver.<ref>Edwin Vieira, Jr., ''Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution'' (Old Greenwich, Conn.: Devin-Adair, 1983), pp. 15–36.</ref>

	At the time the Constitution was being framed, the nation was in the midst of a terrible inflation caused by the expansion of the Continental, a paper currency. During the debate over the wording of Article I, Section 10, Roger Sherman, a delegate to the Constitutional Convention, said he thought this “a favorable crisis for crushing paper money.<ref>''Notes of Debates in the Federal Convention of 1787 Reported by James Madison'' (Athens, Ohio: Ohio University Press, 1966), p. 542.</ref> Thomas Jefferson and John Adams both wrote about the evils of paper money.		At the time the Constitution was being framed, the nation was in the midst of a terrible inflation caused by the expansion of the Continental, a paper currency. During the debate over the wording of Article I, Section 10, Roger Sherman, a delegate to the Constitutional Convention, said he thought this “a favorable crisis for crushing paper money.”<ref>''Notes of Debates in the Federal Convention of 1787 Reported by James Madison'' (Athens, Ohio: Ohio University Press, 1966), p. 542.</ref> Thomas Jefferson and John Adams both wrote about the evils of paper money. Alexander Hamilton said that “The emitting of paper money is wisely prohibited to the State Governments, and the spirit of the prohibition ought not to be disregarded by the United State’s Government.”<ref>Antony Sutton, ''The War on Gold'' (Seal Beach, California: ’76 Press, 1977), p. 45-50.</ref>

			Some people claim that Article I, Section 10 is binding only on the states, not the federal government. But this is not so. The Supreme Court has consistently determined on a case-by-case basis that most of the limitations on state powers in the Constitution are also applicable against the federal government. The same should also be true about this article, but the Supreme Court has never ruled on it.

	== The Federal Reserve System ==		== The Federal Reserve System ==

	~~But, contrary~~ to the framers’ intent, bankers plotted to control the currency. The Civil War brought the first deviation from this system, causing steep inflation. In 1879, the U.S. returned to a convertible gold standard and prosperity.		Contrary to the framers’ intent, bankers plotted to control the currency. The Civil War brought the first deviation from this system, causing steep inflation. In 1879, the U.S. returned to a convertible gold standard and prosperity.

			American monetary policy began to change drastically after the passage of the Federal Reserve Act, December 23, 1913, gave the banking community control of the nation’s money in violation of Article I, Section 8 of the Constitution, which gives to Congress the power “to coin money” and “regulate the value thereof.” The power to create money was given to an independent agency, the Federal Reserve Board. The Fed issued Federal Reserve notes, which became the only legal tender in America and progressively reduced the promise to exchange paper dollars for gold.

	~~American monetary policy began to change drastically after the passage of the~~ Federal Reserve ~~Act, Dec~~. ~~23, 1913, gave~~ the ~~banking community control of~~ the ~~nation’s~~ money ~~in violation of Article I, Section 8~~ of the ~~Constitution~~, ~~which gives to Congress the power “to~~ coin ~~money” and “regulate~~ the ~~value thereof~~.” The power to create money was given to an independent agency, the Federal Reserve Board. The Fed issued Federal Reserve notes, which became the only legal tender in America and progressively reduced the promise to exchange paper dollars for gold.		[[File:US-$20-FRBN-1929-Fr.1870-D.jpg\|thumb\|$20 Federal Reserve Bank Note (1929) depicting Andrew Jackson. Note the inscription on the right: “Redeemable in lawful money of the United States [i.e., gold or silver coin], at United States Treasury or at the bank of issue.”]]

	At the time of their original issue in 1914, Federal Reserve notes were 40% gold-backed. FDR revalued the price of gold to $35/troy oz. with the passage of the 1934 Gold Reserve Act, which devalued the dollar to 59% of its former value and removed gold from domestic circulation. During World War II, the gold reserve was reduced to 25%. On Mar. 18, 1968, the gold reserve requirement was entirely eliminated. On Aug. 15, 1971, President Richard Nixon suspended foreign exchange of U.S. dollars for gold and devalued the dollar again by raising the gold price to $38/troy oz.		At the time of their original issue in 1914, Federal Reserve notes were 40% gold-backed. FDR revalued the price of gold to $35/troy oz. with the passage of the 1934 Gold Reserve Act, which devalued the dollar to 59% of its former value and removed gold from domestic circulation. During World War II, the gold reserve was reduced to 25%. On Mar. 18, 1968, the gold reserve requirement was entirely eliminated. On Aug. 15, 1971, President Richard Nixon suspended foreign exchange of U.S. dollars for gold and devalued the dollar again by raising the gold price to $38/troy oz.
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	</blockquote>		</blockquote>

			[[Lanello]], December 31, 1973:

			<blockquote>
			As the God of Gold has come forth to speak in the name of the gold standard, so I would remind all that as you exchange your supply for gold, you are holding the balance for the gold standard to be raised up.<ref>Lanello, December 31, 1973.</blockquote>
			</blockquote>

	[[Lanello]], October 8, 1977:		[[Lanello]], October 8, 1977:

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	[[Federal Reserve System]]		[[Federal Reserve System]]

			[[Inflation]]

	== Sources ==		== Sources ==
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	{{POWref\|25\|43\|, October 24, 1982}} endnotes.		{{POWref\|25\|43\|, October 24, 1982}} endnotes.

	Lecture by Edward Francis, July 1, 1981,		Section titled “The attack on gold” is from Lecture by Edward Francis, July 1, 1981.

	<references />		<references />

PeterDuffy at 21:47, 24 February 2026

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	This is a tall order, as you know. But since you desire to take it upon yourselves, I, the Goddess of Liberty, intend to assist you in this calling and in this mighty mission.<ref>Goddess of Liberty, “Uphold the Economy As I Uphold the Torch of Liberty,” {{POWref\|41\|12\|, March 22, 1998}}</ref>		This is a tall order, as you know. But since you desire to take it upon yourselves, I, the Goddess of Liberty, intend to assist you in this calling and in this mighty mission.<ref>Goddess of Liberty, “Uphold the Economy As I Uphold the Torch of Liberty,” {{POWref\|41\|12\|, March 22, 1998}}</ref>
	</blockquote>		</blockquote>

			== The attack on gold ==

			There is an attack on gold and the standard of the Christ consciousness in the mankind of earth. The ownership of gold and the adornment with gold, the substance itself, focalizes the light of the sun and is a physical focus in each one’s possession of the light of Helios and Vesta and the spiritual light and heat and fire that comes from the Father and Mother of this solar system. It is something that’s very valuable to the people of earth, and that’s why the ascended masters saw to it that the earth was invested with a certain quantity of gold. It is a physical focus that each person should have.

			And the plot of the fallen ones and the [[Nephilim]] has been to hoard that gold in huge vaults and not have it be accessible to the people and to destroy public confidence in the idea of gold ownership and in the idea of gold as a store of value.

			Gold has the longest history of any substance on earth. It goes all the way back to antiquity and to mythical stories as being the ultimate store of value on this planet, much more so than silver, diamonds, jewels, or anything else. Gold, historically, and throughout all ages, has been considered as the ultimate store of value. And the reason for that is that people know intrinsically within themselves that gold does focus the light of the sun and that the Brotherhood has established this substance as the ultimate store of value and of abundance of the light of the sun.

	== For more information ==		== For more information ==
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	{{POWref\|25\|43\|, October 24, 1982}} endnotes.		{{POWref\|25\|43\|, October 24, 1982}} endnotes.

			Lecture by Edward Francis, July 1, 1981,

	<references />		<references />

PeterDuffy at 09:13, 24 February 2026

2026-02-24T09:13:39Z

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PeterDuffy at 00:32, 24 February 2026

2026-02-24T00:32:53Z

← Older revision		Revision as of 00:32, 24 February 2026
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	== The Federal Reserve System ==		== The Federal Reserve System ==

	But, contrary to the framers’ intent, bankers plotted to control the currency. They began, as we saw in Part 1, at Jekyll Island in November 1910. The Federal Reserve Act which they designed gave the banking community control of the nation’s money in violation of Article I, Section 8 of the Constitution, which gives to Congress the power “to coin money” and “regulate the value thereof.”		But, contrary to the framers’ intent, bankers plotted to control the currency. The Civil War brought the first deviation from this system, causing steep inflation. In 1879, the U.S. returned to a convertible gold standard and prosperity.

			American monetary policy began to change drastically after the passage of the Federal Reserve Act, Dec. 23, 1913, which gave the power to create money to an independent agency, the Federal Reserve Board. The Fed issued Federal Reserve notes which became the only legal tender in America and progressively reduced the promise to exchange paper dollars for gold.

			At the time of their original issue in 1914, Federal Reserve notes were 40% gold-backed. During World War II, the gold reserve was reduced to 25%. On Mar. 18, 1968, the gold reserve requirement was entirely eliminated. FDR revalued the price of gold to $35/troy oz. with the passage of the 1934 Gold Reserve Act which devalued the dollar to 59% of its former value and removed gold from domestic circulation. On Aug. 15, 1971, Nixon suspended foreign exchange of U.S. dollars for gold and devalued the dollar by raising the gold price to $38/troy oz.

			They began, as we saw in Part 1, at Jekyll Island in November 1910. The Federal Reserve Act which they designed gave the banking community control of the nation’s money in violation of Article I, Section 8 of the Constitution, which gives to Congress the power “to coin money” and “regulate the value thereof.”

	Now the Federal Reserve system (the Fed), serving the interests of the banking community, exercises the unilateral right to expand and contract the supply of money and credit and create periods of boom and bust. The ramifications of this state of affairs are almost beyond calculation. Today we could have a financial collapse worse than the Great Depression of the 1930s. And we know that the power elite used the depression to concentrate power in the central government.<ref>Vieira, ''Pieces of Eight'', pp. 237–51.</ref> Doubtless they would like to do the same in the future.		Now the Federal Reserve system (the Fed), serving the interests of the banking community, exercises the unilateral right to expand and contract the supply of money and credit and create periods of boom and bust. The ramifications of this state of affairs are almost beyond calculation. Today we could have a financial collapse worse than the Great Depression of the 1930s. And we know that the power elite used the depression to concentrate power in the central government.<ref>Vieira, ''Pieces of Eight'', pp. 237–51.</ref> Doubtless they would like to do the same in the future.

PeterDuffy at 23:43, 23 February 2026

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 ... must be challenged and reversed because it is no part of the divine plan of the United States.... The American people must understand the great fraud that has been perpetrated upon them by this printing of money without backing. The grinding out of money by the printing presses will surely cause the collapse of the economies of the nations.... The salvation of the soul of America depends upon the reestablishment of gold.<ref>The God of Gold with God Tabor, ''Pearls of Wisdom'', vol. 23, no. 23. and Pearls of Wisdom, vol. 23, no. 24., December 1 and 15, 2010.</ref>
 </blockquote>
 == See also ==

PeterDuffy: Created page with "{{Economics}} The United States abdicated her responsibility to provide the abundant life when she went off the '''gold standard'''. This happened in stages. On April 5, 1938, President Roosevelt declared a national emergency and said he was depriving American citizens of the right to own gold and use it as a medium of exchange.Ron Paul and Lewis Lehrman, ''The Case for Gold: A Minority Report of the U.S. Gold Commission'' (Washington, D.C.: Cato Institute, 1982), p..."

2026-02-23T23:19:55Z

Created page with "{{Economics}} The United States abdicated her responsibility to provide the abundant life when she went off the '''gold standard'''. This happened in stages. On April 5, 1938, President Roosevelt declared a national emergency and said he was depriving American citizens of the right to own gold and use it as a medium of exchange.<ref>Ron Paul and Lewis Lehrman, ''The Case for Gold: A Minority Report of the U.S. Gold Commission'' (Washington, D.C.: Cato Institute, 1982), p..."

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{{Economics}}
The United States abdicated her responsibility to provide the abundant life when she went off the '''gold standard'''. This happened in stages. On April 5, 1938, President Roosevelt declared a national emergency and said he was depriving American citizens of the right to own gold and use it as a medium of exchange.<ref>Ron Paul and Lewis Lehrman, ''The Case for Gold: A Minority Report of the U.S. Gold Commission'' (Washington, D.C.: Cato Institute, 1982), p. 129.</ref>

President Nixon took the final step on August 15, 1971, when he suspended the convertibility of the dollar for gold internationally. We were then fully on the paper standard.<ref>Murray N. Rothbard, The Mystery of Banking (n.p.: Richardson & Snyder, 1983), p. 254.</ref> In subsequent years, important steps were taken towards remonetizing gold. Legislation passed in December 1974 allowed American citizens to own gold. Gold clause contracts, not covered in this legislation, were made legal as of October 28, 1977. And, on December 17, 1985, President Reagan signed the Gold Bullion Coin Act which required the U.S. Treasury to mint and sell gold coins which have limited legal tender status.<ref>See “Turning Paper into Gold: Joe Cobb’s Alchemical Formula for a Healthy Economy,” ''The Coming Revolution: The Magazine for Higher Consciousness'', Summer 1986.</ref> But other steps must be taken before gold circulates as legal tender in the U.S. economy. Essentially, we are still on the paper standard.

== Gold and the U.S. Constitution ==

This is a violation of the spirit and the letter of Article I, Section 10 of the Constitution, which says, “No State Shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts.”

The framers intended Congress to use gold and silver coin as money even though they did not explicitly state that Article I, Section 10 applied to the federal government. This can be demonstrated by the statements of a number of the framers, a text analysis of the Constitution and by Supreme Court decisions. The Founding Fathers’ intent is also seen in the actions of the First Congress, which in 1792 created a monetary system based on gold and silver.<ref>Edwin Vieira, Jr., ''Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution'' (Old Greenwich, Conn.: Devin-Adair, 1983), pp. 15–36.</ref>

At the time the Constitution was being framed, the nation was in the midst of a terrible inflation caused by the expansion of the Continental, a paper currency. During the debate over the wording of Article I, Section 10, Roger Sherman, a delegate to the Constitutional Convention, said he thought this “a favorable crisis for crushing paper money.<ref>''Notes of Debates in the Federal Convention of 1787 Reported by James Madison'' (Athens, Ohio: Ohio University Press, 1966), p. 542.</ref> Thomas Jefferson and John Adams both wrote about the evils of paper money.

== The Federal Reserve System ==

But, contrary to the framers’ intent, bankers plotted to control the currency. They began, as we saw in Part 1, at Jekyll Island in November 1910. The Federal Reserve Act which they designed gave the banking community control of the nation’s money in violation of Article I, Section 8 of the Constitution, which gives to Congress the power “to coin money” and “regulate the value thereof.”

Now the Federal Reserve system (the Fed), serving the interests of the banking community, exercises the unilateral right to expand and contract the supply of money and credit and create periods of boom and bust. The ramifications of this state of affairs are almost beyond calculation. Today we could have a financial collapse worse than the Great Depression of the 1930s. And we know that the power elite used the depression to concentrate power in the central government.<ref>Vieira, ''Pieces of Eight'', pp. 237–51.</ref> Doubtless they would like to do the same in the future.

If we have another depression, it will be America’s own karma because we the people have turned over our power and our abundant life to the godless dominant minority, the same [[Watcher]]s, this time coming in the guise of the bankers and their elite rulership over the Federal Reserve system and its twelve member banks.

In turning over control of our monetary system to the [[fallen one]]s and allowing them to retain it, we are giving them the power to bring about the decline and ruination of our economy. The Fed’s ability to expand credit is what is behind the out-of-control national debt, consumer debt, farm debt, domestic energy loan debt as well as the debt bomb—loans to foreign nations which will likely never be repaid. These debts taken together, especially the national debt created by deficit spending, are such a major problem that it would take a president of the stature of [[Abraham Lincoln]] and greater to turn it around.

== Gold and the economy ==

The Ascended Masters have explained to us that gold is necessary for the stability of the economies of the nations as well as for the stability of the individual consciousness. On October 10, 1977, the Ascended Master known as the [[God of Gold]] said the formation of the Federal Reserve system

<blockquote>
... must be challenged and reversed because it is no part of the divine plan of the United States.... The American people must understand the great fraud that has been perpetrated upon them by this printing of money without backing. The grinding out of money by the printing presses will surely cause the collapse of the economies of the nations.... The salvation of the soul of America depends upon the reestablishment of gold.<ref>The God of Gold with God Tabor, ''Pearls of Wisdom'', vol. 23, no. 23. and Pearls of Wisdom, vol. 23, no. 24., December 1 and 15, 2010.</ref>
</blockquote>

== See also ==

[[Gold]]

[[God of Gold]]

[[Federal Reserve System]]

== Sources ==

Elizabeth Clare Prophet, “The Abdication of America’s Destiny,” Part 2, {{POWref|31|23|, June 5, 1988}}

<references />