Signs of Potential Currency Hyperinflation, by Lee Rogers

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Defeat the Coin Act of 2006, by Lee Rogers at The Funny Money Report. Here is an excerpt: "Over this past summer a bill was introduced in the U.S. House of Representatives called the Currency Overhaul for an Industrious Nation. This bill is also referred to as the Coin Act of 2006 or House Resolution 5818. Introduced by Representative Jim Kolbe from Arizona the bill was referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology this past August. The purpose of the bill according to the text of the bill itself is to modernize the legal tender of the United States, and for other purposes. The mainstream media has sold this bill to the American people as legislation that will move to get rid of the penny. Even though that is one of the proposals included in the bill, there are much more significant things in the bill which makes me dead set against it.

The implications of the U.S. Mint being put in the hands of the banking cartel is another major problem. If the Federal Reserve gets control of it, I wonder how long it will take before they order a stop to the production of collectible U.S. gold coins. Or for that matter, how long would it take for them to eliminate the production of all U.S. coins? Obviously if rampant inflation continues, we will either see a change in the composition of the coins or an elimination of them." The preceding article excerpt was forwarded courtesy of Tom W. at CometGold.com

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This page contains a single entry by Jim Rawles published on November 30, 2006 11:28 PM.

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