Continuing a story that broke about 18 months ago, federal prosecutors will continue their case today against those charged last month with illegally offering a gold-backed currency to compete with Federal Reserve Notes.
You can read the indictment yourself, but what I find most interesting is the statement by Charlotte FBI SAC Owen Harris in the boilerplate presser released last week:
People understand that there is only one legal currency in the United States. When groups try to replace the U.S. dollar with coins and bills that don’t hold the same value, it affects the economy. Consumers were using their hard-earned money to buy goods and services, then getting fake change in return…
Agent Harris, does this mean that citizens of the Republic can look forward toward felony indictments of Treasury Secretary Tim Geithner and Fed Reserve Chairman Ben Bernanke? Because I guarantee, as a direct result of the policies they have implemented, Federal Reserve Notes are about to start losing value at a 10 percent annual rate.
I am dead serious Agent Harris. You don’t get to act like you are the protector of consumers too dumb to know what is in there pockets unless you are willing to take action against those who, under cover of law, debase an entire nation’s currency. Make no mistake, not just crazy gold-bugs or flim-flam artists are sick to death at the thought of the hyperinflation that awaits America just as soon as the velocity of money picks up.
So have your little show trial today, if it makes you feel important. The real work of protecting the purchasing power of Americans is yet to be done.
Bonus Observation: I am sorry, I do not believe for a second that the mystery “Uptown explosion” yesterday was the result of an unnamed “military exercise.” I believe it some idiot ATF or other federal para-military outfit was playing around with flashbangs.
