In earlier America, the American dollar was derived from an established amount of gold or silver based on the popular coin of colonial times -- the Spanish milled dollar. Paper receipts for gold and silver warehoused by private enterprises and private banks circulated in the first part of the 1800s. Before the Civil War, both private mint and government precious metal coins were in circulation together. The private mintage actually had a knack for containing a little more silver and gold. These are examples where the currency in America had physical limits on production and thus a natural rarity, true value and stability from an 'organic' base.

However, there were times in American history where the currency caused trouble and chaos. One was the Continental currency: a paper-only money printed during the Revolutionary War. States printing their own money contributed to the inflationary loss and economic hardship during and after those times. Then three national central banks successively rose and fell suffering the fraud, scandal and inflationary consequences of their paper monies. When the Civil War came about, paper money was issued which resulted in inflationary economic hardships that undoubtedly made reconstruction more difficult.

In other times, history has recorded the debasement arising from such paper money systems like Argentina's relatively recent banking crisis, pre-Nazi Germany, 18th Century France, the Russian Federation's ruble and from long ago the clad-metal debasement of Roman coinage which accompanied the empire's downfall.

Let us instead adhere to a system of exchange where the face value of the currency is much better proportioned by precious metals instead of using today's intrinsic low value notes riddled with national debt.

(1) Do you prefer an unbacked currency issued by a manipulative, private bank monopoly masquerading as an official government department whose notes accommodate the phony promises of bankrupting politicians who:

Gave us the paltry, failing Social Security system?

Waste and overspend government revenues?

Use trickery and deceit in their accounting and budget practices?

Flaunt corporate welfare and bailouts?

Created the punitive, convoluted income tax code, I.R.S. and the welfare state?

Would you prefer a currency dependent on precious metals?

(2) Do you want to circulate a currency whose buying power falls long term due to inflation and its debt base?

Do you want to circulate a more stable currency whose buying power can rise -- especially in the bad times likely to come because of the national debt, our debased fiat reserve notes and government mismanagement of our economy?

(3) Do you trust the nation's currency loaned from foreigners and banksters which has no direct commodity backing where the paper version's intrinsic production value has been quoted at a mere 3 cents?

Do you trust a silver currency that is debt-free whose silver content and production cost is more proportioned to the face value which is set adequately higher to stabilize the currency above common fluctuations in precious metal cost, prevent meltings and which acts to limit its issuance when silver corrects?

(4) Should you depend on a currency that is a high credit or debt instrument favoring the banksters who issue it? This is not to mention the foreign and domestic sponsors who loan it out while it heads for collapse.

Should you depend on a currency that can preserve its buying power and is upward buoyant since silver is destined to soar higher at the dollar apocalypse?

(5) Do you want an unconstitutional, illegal currency due to its nil precious-metal backing whose issuance is controlled by a constitutionally unauthorized bank association granted power by an abrogating Congress and the deposits of which are allocated within a fractional reserve (musical chairs) banking scheme?

Do you want a legal, precious metal, private currency that is not a mechanism of collusion between politicians and banksters?

If you said yes to the latter arguments, then the proposed Wealthcommon is your more favored currency.

.....Forget the Dollar

Imagine if your employer asked that instead of giving you paychecks, they could give you a cash advance off a company credit card where you would pay the interest. Every subsequent cash advance you got in compensation as wages would automatically deduct a minimum based on the interest of previous cash advances given as pay. Would you agree to that deal? Of course not! Yet, when you accept the current US dollar - you are accepting a note or bill that is basically a collective promise to pay off the interest on a cash advance from the Federal Reserve 'credit card'.

Whenever the politicians need to create easy money to prime the economic pump which helps them spend on otherwise unaffordable pork and spending programs, they too implement the Federal Reserve's cash advance system.

Even with overall economic growth, the more money created to sustain economic circulation is also distributed as a cash advance to the masses!

A silver or gold currency's intrinsic value is tangible, foundational and inseparable. If the powers at-large want to take advantage of you, then they will implement an unbacked paper and digital currency whose value is based more upon declaration (fiat). Such a currency circulates today that is linked to a national account where they can make secret deals in smoke-filled rooms, spend thrift into debt while appearing to keep financial stability by paying you with more of their unbacked paper and digital ' I.O.U.' money. This is the currency we have today -- Federal Reserve Notes.

The Federal Reserve is akin to a national credit card where every dollar is distributed with interest due, paid back to holders of Treasury Bonds (or securities). Politicians can make vast promises and they gain much power by implementing the unbacked paper and digital money. If the economy falters, there is the temptation to simply print/upload more easy money to keep things rolling. Consequently, as time passes the ratio of actual labor and production to the amount of money in circulation drops. The aggregate interest and debt owed to the backers of the easy money increases and the long-term value of the currency lowers which reflects this collective monetary policy of the nation.

Luckily in the U.S. this monetary cycle has been greatly stretched out, but nonetheless the eventual end is the same for even a wealthy, superpower nation with a good work ethic. America has been vastly drained of vitality from such an unbacked paper and digital money system. And that's not only in economic terms but social terms as well. Unbacked money concentrates easier wealth in the hands of some elites and worsens conditions for the poverty level. The more easily accommodating money supply amplifies the absurd luxuries of elites and their wannabes while cheapening the culture as a whole. Look around at some of the notorious examples of today's lifestyles of affluent depravity and chrome-plated degenerates.

It is obvious why the checks and balances of a precious metal money system drove the writers of the Constitution to demand such a money for the use of the nation.

Lawful Currency Attributes.