Positions and Views of Steven A. Rosile
on Economy
| Previous Candidate for United States House Of Representatives District 4, Kansas |
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| Economy |
Positions and Views |
| Federal Reserve |
The US Constitution, Article I, Section 10 states in part "No State shall...make anything but Gold and Silver Coin a Tender in Payment of Debt..." This is sound policy and the American Dollar was once a gold or silver coin. Paper money was merely a receipt that clearly stated :Payable on Demand in Lawful Money" or "Redeemable in Lawful Money at the United States Treasury or any Federal Reserve Bank". Lawful Money being gold or silver coin. However, the Federal Reserve, which is not Federal any more than Federal Express is, but rather is a privately owned bank that has usurped control of our money and wealth. It creates
"dollars" out of mere booking entries and then charges interest for the use of it.
This is unconstitutional and is the true cause of inflation and the increasing cost of everything and the destruction of savings and retirement accounts. The value of just two standard silver dimes, as were last minted in 1964, is enough to purchase a gallon of gas today. That's right, gas is still only $0.20 a gallon in silver money, about the same as in the great depression many years ago. The United States should never have abandoned a metallic currency and if we had not done so we would not have been in one monetary crisis after another for the past thirty five years.
We must return to metallic currency, gold and silver, to stop inflation and maintain the value of our dollar and our savings. As the US Mint has been minting one ounce gold and silver coins for 22 years now, I propose that the Dollar be set at one ounce of pure silver and all prices and contracts be stated in weights of silver or gold. This will be difficult but it is possible. This will restore our monetary system to what the Constitution mandates and repair our economic system and prevent it from being subject to the evils of paper money manipulation.
Source: Steven A. Rosile (09/25/2008) |
| Federal Reserve's Interest Rate Policy |
See above.
Source: Steven A. Rosile (09/25/2008) |
| Aging of Population |
Not a federal issue.
Source: Steven A. Rosile (09/25/2008) |
| These are available issue topics for which there were no responses. |
| Economy, a General Statement |
| Stimulating the Economy |
| Recession |
| America's Infrastructure |