Boston Tea Party National Committee Approves Resolution in Support of “Honest Money”

Boston Tea Party National Committee has approved a resolution in support of “Honest Money” by a vote of 5-0 with 2 not voting.

Darryl W. Perry, At-Large Representative to the National Committee, proposed the resolution, which reads:
Whereas, the currency of the United States of America is fiat and not commodity based, and
Whereas, Article 1 Section 10 of the US Constitution states “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts”, and Whereas, the legal tender law forces the use of a fiat currency, and
Whereas, fiat currency is the cause of inflation,
Be it resolved, The Boston Tea Party National Committee calls upon Congress to introduce and pass;
The “Honest Money Act” that would repeal the legal tender law;
The “Free Competition in Currency Act” that would repeal the government monopoly over the creation of coins for use as currency;
The “Tax-Free Gold Act” that would prohibit federal and state taxes on precious metal coins and bullion.

Perry wrote, “The quickest way to return to a commodity based system is to find businesses that will allow you to barter, and eschew the “system” altogether. The next best thing would be for Congress to pass the “Honest Money Act” that would repeal the legal tender law; the “Free Competition in Currency Act” that would repeal the government monopoly over the creation of coins for use as currency; & the “Tax-Free Gold Act” that would prohibit federal and state taxes on precious metal coins and bullion.”

Party Chair Doug Gaking states, “The Federal Reserve system is shrouded in secrecy and protected from accountability, and worst of all it is a monopoly enforced by our federal government. They secretly print money as they please and manipulate the economy in various ways, while the average American is confused and frustrated about why prices are fluctuating and the economy is in total chaos. The entire world economy is dependent on the product of these lies and secrets. The manipulations allowed by this system create artificial bubbles and make for an unnatural and therefore unbalanced economy. If money is freed by the passing of these two proposed acts of Congress, we will see a stabilized economy with exciting new opportunities for Americans.”

Since October 2008, the Boston Tea Party National Committee has passed resolutions opposing the “banker bailout” and “stimulus” package, as well as a resolution in support of repudiating the National Debt and another in support of HR833, Ron Paul’s “Federal Reserve Board Abolition Act.”

Perry adds, “Anything less than a 100% commodity based currency is a fraud. This includes the use of fractional reserve banking…Money isn’t a worthless piece of paper; currency can be…with a fiat currency, there is no reason at all to trust the banking system, or the currency.”

The Boston Tea Party was founded in 2006 with a one sentence platform, “The Boston Tea Party supports reducing the size, scope and power of government at all levels and on all issues, and opposes increasing the size, scope and power of government at any level, for any purpose.” In October 2008, the party’s National Convention adopted the four point program of the Campaign for Liberty. Their program calls for an end to overseas occupation, a restoration of privacy and other liberties, no increase in the national debt, and a thorough review of the Federal Reserve.

8 thoughts on “Boston Tea Party National Committee Approves Resolution in Support of “Honest Money”

  1. Scott West

    Maybe I’m reading too much into the old hard specie shibboleth, but does this contain elements of 19th century ‘free silver’ arguments? The emphasis on bartering and deregulated money production sound positively Producerist , albeit divorced from any kind of economic populism.

  2. Thomas L. Knapp

    Scott,

    Actually, it sounds more like the “free silver” guys’ main opponents, the gold standard folks.

    The free silver people didn’t want money “deregulated,” they wanted it regulated in their favor (requiring the government to buy silver and coin it in unlimited amounts and fixing the price at, if I recall correctly, 16 oz. of silver to 1 oz. of gold instead of letting the market price it).

    I’d say that the BTP’s money position is economically populist. The idea is to immunize money from value manipulations by the power elite, thus protecting the wealth of the masses from inflation, etc.

  3. Darryl W. Perry

    http://www.lewrockwell.com/paul/paul619.html

    “Before the US House of Representatives, December 9, 2009

    Madame Speaker, I rise to introduce the Free Competition in Currency Act of 2009. Currency, or money, is what allows civilization to flourish. In the absence of money, barter is the name of the game; if the farmer needs shoes, he must trade his eggs and milk to the cobbler and hope that the cobbler needs eggs and milk. Money makes the transaction process far easier. Rather than having to search for someone with reciprocal wants, the farmer can exchange his milk and eggs for an agreed-upon medium of exchange with which he can then purchase shoes….With a sound currency, everyone is better off, not just those who control the monetary system. I urge my colleagues to consider the redevelopment of a system of competing currencies and cosponsor the Free Competition in Currency Act.”

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