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Author Topic: whitehouse.gov petition to allow for competing currencies  (Read 3122 times)
petercyr
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September 28, 2011, 04:16:06 PM
 #1

https://wwws.whitehouse.gov/petitions/%21/petition/end-legal-tender-laws-allow-competing-currencies/0N8RLJ8K?utm_source=wh.gov&utm_medium=shorturl&utm_campaign=shorturl

Quote
we petition the obama administration to:
End Legal Tender Laws & Allow for Competing Currencies

The Federal Reserve System has done a miserable job, with or without a gold standard, of providing the correct amount of currency for the economy. One Federal Reserve Note in 2011 has the same purchasing power as three cents in 1913. This massive fiat money inflation has negatively affected the standard of living of all Americans. The Fed's manipulation of interest rates also correlates directly to the boom & bust cycles in the economy, which has resulted in terrible mis-allocations of labor & capital.

The Fed has lost credibility and should not have a currency monopoly. Congress has left us in a very vulnerable position relying on the FRN. The time has come to allow for currencies such as gold, silver, bitcoin, and whatever the market will bear to compete with the Federal Reserve Note.
Created: Sep 26, 2011

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ThomasV
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September 28, 2011, 04:21:00 PM
 #2

do you have to be a US citizeon to sign the petition?

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September 28, 2011, 04:37:53 PM
 #3

I don't get it. Why do you need their permission, but they don't need yours?

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petercyr
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September 28, 2011, 04:40:21 PM
 #4

I don't get it. Why do you need their permission, but they don't need yours?
You don't really need it but having their blessing would go a long way... And if it was to go the other way and bitcoin was outlawed, it wouldn't stop bitcoin but it definitely wouldn't help it.. Most people would shy away because they don't want to get in trouble with the man.

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September 28, 2011, 04:40:29 PM
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http://tinyurl.com/3pqwo7z shorter URL

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September 28, 2011, 04:42:25 PM
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Great idea. Because we all know online petitions work. Particularly to go against the financial sector bankrolling the politicians.

petercyr
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September 28, 2011, 04:48:48 PM
 #7

Great idea. Because we all know online petitions work. Particularly to go against the financial sector bankrolling the politicians.
Look up openmedia in Canada.. They had an online petition which made the CRTC (Canadian Radio-Television and Telecommunications Commission) push back against Bell's wish to make its wholesale resellers (smaller ISPs) apply the same ridiculous caps on their customers. Petitions work, as long as enough people join in.

This one asks for 5000 votes. That's not much.. The open media petition got half a million signatures.

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September 28, 2011, 05:37:13 PM
 #8

Please forward this to ron paul's people.
whether it be by forum or whatever.
Facebook etc.

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Anonymous
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September 28, 2011, 05:42:20 PM
 #9

Signed and forwarded as signature #7. If somebody could put this up on http://bitcoin.reddit.com and http://libertarian.reddit.com, that would be great.
petercyr
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September 28, 2011, 05:47:03 PM
 #10

Please forward this to ron paul's people.
whether it be by forum or whatever.
Facebook etc.

This petition is in response to the Ron Paul Subcommittee to Explore Restoring Sound Money

Includes video Dr. Lawrence H. White (Professor of Economics, George Mason University) making his case to Ron Paul. Between min 20 and 21 he mentions Bitcoins

http://www.ronpaul.com/2011-09-13/ron-paul-subcommittee-to-explore-restoring-sound-money-september-13-at-200-pm-et/

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September 28, 2011, 05:50:14 PM
 #11

I don't get it. Why do you need their permission, but they don't need yours?

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September 28, 2011, 05:54:15 PM
 #12

Ron Paul has sponsored a bill to allow competing currencies.

H.R. 1098

http://www.govtrack.us/congress/bill.xpd?bill=h112-1098

You could contact your representative and hope it passes some day down the road.

Or just vote for Ron Paul in the Republican primaries.

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September 28, 2011, 05:54:30 PM
 #13

I am number 8 Smiley


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September 28, 2011, 06:21:52 PM
 #14

I think I would have been number 10, but this is what I got when I tried to signup.

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dunand
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September 28, 2011, 06:24:40 PM
 #15

do you have to be a US citizeon to sign the petition?

No, just don't fill a ZIP.

#9
petercyr
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September 28, 2011, 06:49:20 PM
 #16

I think I would have been number 10, but this is what I got when I tried to signup.

Our Apologies
This Section of our site is currently undergoing maintenance
We appreciate your patience while we make some improvements
Please check back shortly
I got that earlier too.. I thought they took it down but it came back shortly after that. Check again in a bit.

Anonymous
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September 28, 2011, 09:54:51 PM
 #17

http://www.reddit.com/r/Libertarian/comments/kujl0/we_petition_the_obama_administration_to_end_legal/

http://www.reddit.com/r/Bitcoin/comments/kuksp/we_petition_the_obama_administration_to_end_legal/

Posted to reddit.
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September 28, 2011, 10:08:18 PM
 #18

https://wwws.whitehouse.gov/petitions/%21/petition/end-legal-tender-laws-allow-competing-currencies/0N8RLJ8K?utm_source=wh.gov&utm_medium=shorturl&utm_campaign=shorturl

Quote
we petition the obama administration to:
End Legal Tender Laws & Allow for Competing Currencies

The Federal Reserve System has done a miserable job, with or without a gold standard, of providing the correct amount of currency for the economy. One Federal Reserve Note in 2011 has the same purchasing power as three cents in 1913. This massive fiat money inflation has negatively affected the standard of living of all Americans. The Fed's manipulation of interest rates also correlates directly to the boom & bust cycles in the economy, which has resulted in terrible mis-allocations of labor & capital.

The Fed has lost credibility and should not have a currency monopoly. Congress has left us in a very vulnerable position relying on the FRN. The time has come to allow for currencies such as gold, silver, bitcoin, and whatever the market will bear to compete with the Federal Reserve Note.
Created: Sep 26, 2011

This massive fiat money inflation has negatively affected the standard of living of all Americans.

 Why do you guys think that this do not affect the living off all human been on this planet?! Always it is all about Americans... There is LIFE outside US borders!! You know that!?

 We all share this shit...

 What FED does there, affects me here in Brazil, somebody in China, NZ, Spain, Portugal...

 BTW, we do NOT need the government, HE needs us. So, just ignore them... They will be forgotten soon, with its useless laws, lawyers, wars and printed money...

 I do not want / wish their blessing... I don't give a shit about what govs says... Because they says shit all the time... So, who cares!?

Best!
Thiago

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September 28, 2011, 10:45:27 PM
 #19

This is the stupidest fucking thing, when I go into a store to buy groceries I don't want to be turned away because I don't have the right kind of money on me.
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September 28, 2011, 11:14:59 PM
 #20

This is the stupidest fucking thing, when I go into a store to buy groceries I don't want to be turned away because I don't have the right kind of money on me.


Funny thing is, a store can do that do you Right Now. If they so desired...

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