The Foundation for the Advancement of Monetary Education (FAME) and The Larry Parks Show present...

 Collapse of the Dollar
Monetary Malfeasance, Resurrection of Gold:
Reasserting the Monetary Powers and Disabilities of
the U.S. Constitution


Presented by Dr. Lawrence Parks, Ph.D.

   
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Relying on authoritative data and the historical record, the following videos explain why:
  • Our monetary system is dishonest at every level, from the lack of definition of our money to the behavior of the banking system. Dishonesty cannot be cured by regulation.
     
  • Legal tender, which is defacto coercion, is not in conformity with free markets, nor is it authorized by our Constitution.
     
  • Jefferson, Washington, Hamilton, and Madison, whose likenesses appear on our money, condemned paper money. Madison, the principal author of the Constitution, said it was “unjust” and “unconstitutional.”
     
  •  Our monetary system is unstable and will blow up, because there is no longer any market based self-correcting mechanism for increasing financial leverage, increasing debt, or increasing the money supply. Historically, whenever the authorities have had the ability to issue legal tender irredeemable paper-ticket money, they were never able to resist the temptation to over issue. Savings, annuities, and pensions are at unacceptable risk.
     
  • Legal tender irredeemable paper-ticket-electronic money results in interest rate volatility as well as foreign exchange rate volatility, neither of which is acceptable to the producers of goods and services at home or abroad.
     
  • The remedy to the current financial debacle is to reassert the monetary powers and disabilities of the Constitution.

Part I:

Part II:

Part III:

Part IV:

 

Part V: