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FAME is particularly oriented toward working people because
they are the principal victims of the fiat money fraud. As paper-ticket-token
money, as we have in the U.S., melts all around the world, including
in Russia, Malaysia, the Philippines, Indonesia, South
Korea, Brazil, Ecuador, Mexico and elsewhere, rich people
become less rich and professional people earn less. Working
people, however, lose everything. They lose their savings,
their pensions, and their jobs. The suffering is palpable. It is our expectation that by helping to lay the intellectual
groundwork for a return to an honest monetary system, we can
help preclude and ameliorate that suffering. People
should also be mindful that an implosion of our monetary system could very
likely result in significant backlash. Recently I reread John Maynard Keynes'
remarkable The Economic Consequence of Peace, which he wrote in 1919. As
some may recall, Keynes had been an official representative at the Paris Peace
Conference and deputy for the Chancellor of the Exchequer on the Supreme
Economic Council after World War I. This book was his critical review of the
resulting Peace of Versailles Treaty. At
one point, he wrote about the suffering in Germany and Austria, partially a
result of the creation of too much paper-ticket money by the authorities, which
he called a "fraud upon the people." There was a relatively small
amount of gold backing the German and Austrian currencies, and the French wanted
to seize it as part of the reparations. Contemplating the disruption of what
Keynes called the "delicate and immensely complicated organization" of
commercial relationships and the continuing economic chaos, he wrote fateful
lines (some small paraphrasing by me):
"But who can say
how much is endurable, or in what direction men will seek at last to escape
from their misfortunes? Men will not always die quietly. For starvation, which
brings to some lethargy and a helpless despair, drives other temperaments to
the nervous instability of hysteria and to a mad despair. Some will seek
revenge... " "The
sight of this arbitrary rearrangement of riches strikes not only at security,
but at confidence in the equity of the existing distribution of wealth. Those
to whom the system brings windfalls, beyond their deserts and even beyond
their expectations or desires, become profiteers, who are the object of
the hatred of the bourgeoisie, whom the inflationism has impoverished, not
less than of the proletariat."
It is urgent that citizens
of good will do whatever possible to preclude that ordinary people do not lose
their savings, their pensions, and their jobs because of what is, in essence, a
giant monetary fraud.
Honest Monetary Weights
and Measures
is the Choice of Ordinary People:
Whenever Americans have had the chance
to choose the medium of exchange, they have always chosen gold- and/or
silver-as-money. An honest monetary system has competition: fiat
money. The creators of fiat money—banks and central banks—despite their
vastly inferior product, have succeeded because of coercion, misrepresentation
and nondisclosure, and also in part because proponents of honest monetary
weights and measures have left the playing field. They have failed to promote
the benefits of an honest system, and they have failed to expose the fiat money
fraud.
We believe that once the facts are on the
table, people will once again insist upon honest monetary
weights and measures. (There
are compelling reasons why the commodity money of choice is gold-as-money.
These reasons are more fully discussed in various publications
included in this website. See, especially an Interview with Lawrence Parks, FAME's
Executive Director. However, FAME's mission is just
educational. If, after learning the facts, people wish to
use something other than gold-as-money as the medium of exchange,
that should be their choice.) To put this another way, we
are in favor of a fully-informed electorate and participatory
democracy.
FAME's
Strategy:
Promote the benefits
of honest monetary weights and measures while challenging the coercion,
misrepresentation and nondisclosure (fraud) that make fiat money possible.
This strategy recognizes that in America the media sets the agenda. As people
begin to be concerned about the public policy issues associated with our
fraudulent fiat money,
the media will perceive that money is an issue, and politicians will begin to
address it. The money issue will become self-sustaining. Emphasis will be placed
on the following public policy issues:
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