Ron Paul takes silver in Nevada

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Nevada, by the way, is known as the Silver State for a reason-its great mining industry produced the precious metal for the beautiful silver dollars minted at the fabled Carson City mint. These constitutional coins, include .775 ounces of silver, in accord with the Coinage Act of 1792. Today these coins, worth $1 in my father's day, have about $14 in silver. That is, the dollar is worth 1/14th of what it was, thanks to the counterfeiting Federal Reserve.

The Fed has again taken our country into a terrible crisis. Who else is talking about honest money that cannot be printed up at will by DC bureaucrats? My opponents in both parties are all some variety of print-and-spend Keynesians. Only we are telling the truth, about who is to blame for this recession, and how we can build real prosperity with sound money, no IRS, no deficit, and strict obedience to the Constitution. And, of course, no hyper-expensive, hyper-dangerous empire all around the globe.

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Ron Paul introduces the Free Competition in Currency Act

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Of course this won't get enough support, and it won't likely get a lot of media attention, but it can't hurt: http://www.house.gov/paul/congrec/congrec2007/cr121307h.htm

13 December 2007

Rep. Ron Paul, M.D.

Madame Speaker, I rise to introduce the Free Competition in Currency Act. This act would eliminate two sections of US Code that, although ostensibly intended to punish counterfeiters, have instead been used by the government to shut down private mints. As anti-counterfeiting measures, these sections are superfluous, as 18 USC 485, 490, and 491 already grant sufficient authority to punish counterfeiters.

The two sections this bill repeals, 18 USC 486 and 489, are so broadly written as to effectively restrict any form of private coinage from competing with the products of the United States Mint. Allowing such statutes to remain in force as a catch-all provision merely encourages prosecutorial abuse. One particular egregious recent example is that of the Liberty DollarEmphasis Added, in which federal agents seized millions of dollars worth of private currency held by a private mint on behalf of thousands of people across the country.

Distributed Mass Manufacturing

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During World War 2, the British designed a machine gun that could be easily built by anyone with access to a basic metal shop. The result was the Sten gun, which was produced in relatively large numbers in occupied Europe. Similarly, the Liberator could be easily mass produced and was intended to be used by the people of occupied countries. Both of these products worked on a massively distributed basis.

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