Politics of Silver

October 31, 2005

Last time I was excited about politics, I was a fool. I voted for Ross Perot, twice! And we idiots were in favor of protectionism. Today, I'm a firm believer in the benefits of free trade. After all, I'm now an investor and trader!

These days, I'm quite a bit more educated about the issues, as I'm 35, and I'm now responsible for managing the family money. I've read the Bible, some sections hundreds of times, and I've studied economics from the point of view of honest money: gold. And so, understandably, there's virtually nothing in politics these days that I could ever actively support or endorse.

But I'm impressed by California's Governor, in that I can actually agree that all four of Arnold Schwarzenegger's propositions would improve California. And I don't find much in politics that I can agree with at all!

To read the 4 propositions, see www.joinarnold.com

Prop 74, which limits teacher tenure... that's a good start, but I'd actually do more than that... I'd do more than even abolish tenure... I'd fire the lot of them--if I could! Education should be private not public. Public education is the tenth of the ten planks of the communist manifesto, which says...

"Free education for all children in government schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc. etc."

Public education is communism! There's no competition. Funded by the state, costs "nothing" but costs "everything"--as it's funded by a loss of property rights, bans the Bible, & dumbs down the kids (including myself) for several generations now. State schools must endorse communism, or die by fighting against the nature of their own funding. What state school would ever teach that real property rights cannot exist if there are property taxes, which fund the schools?

Prop 75 "Paycheck Protection".

Currently, unionized state workers have their pay docked for union dues, and the money is spent for political purposes which the state workers may disagree with! How outrageous, right? Well, Prop 75 simply asks that unions get permission from the person paying the union dues to use the money for political purposes. Seems fair enough. This one is about freedom of choice, and to end the coercion that unions have over their members. Since the unions back Democrats, this one gives rights back to Republican firefighters and policemen.

Prop 76 is a state spending limit.

The Live Within Our Means Act, says no debt spending, and limits spending increases. I hate debt, as the Bible says, "The borrower is the servant to the lender.". Governments should never be in debt, because if they are, then who is really in control of the government? The lenders will be, and not the people.

Prop 77 The Voter Empowerment Act

Proposition 77 will allow independent judges to draw election districts instead of the politicians and allow voters to approve or reject those districts. This will end the gerrymandering. Gerrymandering is a disgusting form of redistricting in which constituency boundaries are manipulated in the favor of ruling incumbents.

To contribute to helping these pass, see www.joinarnold.com

It appears to me as if Governor Arnold Schwarzenegger's heart is in the right place.

While all of these propositions are steps in the right direction, the best and most important step of all, in my opinion, would be to end the root of economic dishonesty in society, and stop the use of broken promises of unjust weights and measures (Federal paper dollars) now in use.

The best step of all would be for California to obey the U.S. Constitution, which, in Article 10, Section 1, says:

"No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts; ..."

But it would be crazy to demand that all State of California employees and contractors be paid in gold and silver coin tomorrow. California has an annual budget of over $100 billion dollars! At $500/oz. for gold, that's 200 million oz., which is just under the size of the U.S. official gold hoard of 261 million oz.! That's also 6220 tonnes, which is more than double world annual gold demand.

So, that much worth of gold and silver coin, issued as payment by the California government, into the 5th largest economy on earth, can only happen in small steps, just like the Governor is taking small steps.

So, to help begin a voluntary return to sound money now, I wrote up a Silver Coin Proposal, which I sent to all 50 Governors of all of the States.

The State Government could start small, and allow people who wish, to take a small portion of their pay, in silver.

In addition, I had the Northwest Territorial Mint make 1000 silver pieces as examples of what the State of California could use. I have sent 100 ounces of this silver, as samples, to Governor Arnold Schwarzenegger's office, last week.

My one-ounce silver piece design says at the top: "STATE OF CALIFORNIA", and "ECONOMIC STRENGTH THROUGH HONEST WEIGHTS AND MEASURES" and finally "99.9% PURE SILVER". On the top side, it has a picture of a well-known bodybuilder! Above and below him, it says, "SILVER IS MONEY" "2005" and "ONE OUNCE SILVER". Think that might appeal to Governor Arnold Schwarzenegger?! --who is also always looking for ways to promote bodybuilding?

While Mexico is seriously considering a return to using silver as money, we ought to make sure they don't gain the competitive edge against our economy, by getting there first. Believe me when I tell you, the world is in a race to return to using gold and silver as money, and he who returns first, will win the most.

Mexico Mulls Silver Lining Against Currency Crash

After all, with limited silver, it's "first come, first served."

Silver Users Fear Silver Shortage

I've already returned to silver. Have you?

Therefore, after you buy your silver, please contact Governor Arnold Schwarzenegger, and ask him to seriously consider my Silver Coin Proposal. This is particularly important given the coming silver shortage.


Email: j@silverstockreport.com



Gold ETFs outflow reaches Rs 462 crore in Apr-Aug of FY'17