Wise Government 40

Dear Mr. Washington,

“The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. I am an enemy to all banks, discounting bills or notes for anything but coin. If the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.” T. Jefferson

DON'T BACK DOWN® on GOLD AND SILVER-BASED CURRENCY


Article 1, Section 10 of the U.S. Constitution says, “No State shall...make any Thing but gold and silver coin a Tender in Payment of Debts.” According to the Constitution, States must use gold and silver to back up currency. Many States wouldn’t sign the original Constitution unless this provision was inserted. As the Constitution specifically grants this authority to the States, Congress and President Roosevelt had no Constitutional authority to take the nation off gold-backed tender, and Congress and President Johnson had no Constitutional authority to take the nation off silver-backed tender.



Constitution Party

The Constitution forbade the States from accepting or using anything other than a gold and silver based currency. Money functions as both a medium of exchange and a symbol of a nation's morality. The Founding Fathers established a system of “coin” money that was designed to prohibit the “improper and wicked” manipulation of the nation's medium of exchange while guaranteeing the power of the citizens' earnings. The Constitution Party recommends a…return to the money system set forth in the Constitution.


Democratic Party

(No mention of having a gold and silver-based currency.)



Libertarian Party

(No mention of having a gold and silver-based currency. In fact, the opposite appears to be true.) Individuals engaged in voluntary exchange should be free to use as money any mutually agreeable commodity or item. We support a…repeal of legal tender laws and compulsory governmental units of account.


Republican Party

(No mention of having a gold and silver-based currency.)

About Mel Valkner

Mel Valkner CongressMelvin Valkner, CPA is a life-long resident of the Kalamazoo, Michigan area. After serving in the U.S. Army with tours in Vietnam and Germany, he attended Western Michigan University (WMU) graduating with the double majors of political science and philosophy. Returning to WMU for two more years of business and accounting classes he eventually became a CPA and tax professional.

Leaving public accounting he became a healthcare administrator, financial executive in manufacturing, education and service industries, entrepreneur and author. He is a former First Vice-Chairman of the U.S. Taxpayers Party of Michigan (USTPM.org), Michigan's affiliate of the national Constitution Party. He remains Chairman of the Kalamazoo County affiliate.