The Gold Standard
The Gold Standard Institute
October 2011 3
Letters to the Editor
Did an article in The Gold Standard get you hotunder the collar? Feel compelled to share an insightprovoked by an author
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Report from Utah
A primary motivation when I write is the chance toexpress my thoughts on issues involving the politicalstruggle over the monetary system, including theimplications for individuals and for civilization as a whole. Therefore, I was eager to attend the Utahmonetary summit earlier this week.For readers unaware of developments at the statelevel in America, some very intelligent, keenly motivated, and highly principled politicians areattempting to re-introduce gold and silver money alongside fiat currency. Yes, I realize that lastsentence sounds improbable in at least one way. Butlet any doubter do his own research into thismovement. I suspect he will agree the practical wisdom of these men, and their unelected fellow-travellers, is impressive in its depth and scope.Using a combination of the existing provisions of the US Constitution, the applicable judicialprecedents, old-fashioned political know-how and asophisticated understanding of the importance of moral legitimacy, these gold warriors are pursuing astrategy with an excellent chance of success.Furthermore, I would question the motivations of anyone who discounts the importance of theseevents, as one well-known and otherwise insightfulcommentator did recently. When an individual - or even an organized group of people - defies the monetary authorities, it isrelatively easy, despite the internet, for their voices tobe silenced by federal misuse of existing statutes orregulation. But when a state government moves toexercise its clear constitutional rights, thepsychological impact is ultimately impossible tocontain. Utah has been the first, but others are closeto passing the required legislation. Presently thereare a dozen states in various stages along the pathUtah has taken, with South Carolina looking to bethe next on board.
America‘s founding fathers understood extremely
well the various ways in which would-be tyrantscould corrupt even the best constitution. It is a
testament to the founders‘ brilliance and foresight
that even at this late date we still have a possible way out of our monetary difficulties, prior to a systemiccollapse. A single American state, let alone a groupof them, introducing gold and silver currency lawscannot help but hasten the universal return of themetals. Unfortunately, time is not wholly on ourside. The weaker the economy becomes, the morefearful and dependent grows the citizenry. Andmore likely to forget they ever had inalienable rights,let alone try to re-assert them.On what, then, do I base my optimism for thesuccess of this strategy? Part of the answer lies inthe story an Idaho state senator told of how hisfellow legislators exploited an entrenched power
structure‘s need to save face in order to accomplish
an urgent goal with respect to wolves. On thesurface it has nothing to do with getting preciousmetals back into circulation, but at a morefundamental level it may illustrate the key to theproblem.Some time ago, wolves had been re-introduced intoIdaho under the authority of federal endangeredspecies initiatives. The animals had taken advantageof their protected status to breed to the point of becoming a serious plague on livestock, and also athreat to humans through disease and direct attack.Unable to obtain federal government permission fora cull despite repeated formal requests, the stategovernment passed legislation declaring anemergency based on the threat to life and property. As this would have allowed a cull to proceed indefiance of the environmental rules, federalauthorities relented. Permission to cull arrived theday before the Governor of Idaho was about to signthe emergency bill into law. When politically ormorally outmaneuvered, illegitimate authorities oftenprefer to retain the appearance of their control ratherthan see it openly defied. The stakes are higher withregard to the monetary system, but the principle isthe same.