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The existing multicurrency international financial system is too risky

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by Peter Brock Ii

Created on: October 24, 2008

Before anyone decides whether they agree with an international currency the question should be asked: Do you care about American sovereignty? If the answer is yes, then this is a horrible policy.

The Constitution grants Congress several valuable powers. There are two of primary importance regarding this topic. One, is the power "to coin money, regulate the value thereof..." Two, "to provide for the punishment of counterfeiting the securities and current coin of the U.S." These powers would be stripped if we went to an international currency. Why should we give these powers away? Our founders did not create an independent republic to give it away to an international community.

If Congress isn't going to coin its own money, and regulate its value, then who will? An international tribunal? Whose to say those people would be dedicated to maintain Ameria's prosperity? Even though there's nothing to say they wouldn't want to hurt it, the fact that they might is enough to vote "no" on the matter. Who will be responsible for punishing counterfeiters? The same group who was monitoring Iraq's Oil-for-Food program? Giving up this power is a detriment to United States sovereignty and that hinders her citizens liberty.

In the years preceding the American Revolution the colonies had issued a "colonial script." Once the British government was informed of this, war was inevitable. It made the colonists richer and the Bank of England and the British government knew it was losing a piece of the pie. Money can change a nations policy toward another faster than anything. That is why Rothschild said: "I care not who makes a nation's laws as long as I control its currency." When individual nations control their own money supply it enables them to structure their economy around their needs. That means, when a threatening neighbor wants to invade them, their policies can be adjusted to weaken their adversary financially, possibly averting war.

Power is not just an abstract idea. It is a real thing that people seek, take, monopolize, and go above and beyond to keep. Our founders trusted our Congress with this power because if they abused it, we as citizens could vote them out of office. This, in turn, gives the people the power and allow the most common of men to determine the strength of their economy. If we went to an international currency we will be giving up that power. As much as I'm not into conspiracy theories, I would claim that that is exactly what international bankers and the "old guard" want.

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