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Principle 10

We believe in honest money, the gold and silver coinage of the Constitution, and a circulating medium convertible into such money without loss.  We regard it as a flagrant violation of the explicit provisions of the Constitution for the Federal Government to make it a criminal offense to use gold or silver coin as legal tender or to issue irredeemable paper money.

In the Constitution it states that “Congress has the power to coin money, regulate the value thereof, and fix the standard of weights and measures” (ARTICLE 1, SECTION 8). It also states is ARTICLE 1, SECTION 10, “No state shall coin money.”

We hold the U.S. Constitution as sacred, and believe as Abraham Lincoln stated, “Let every man remember that to violate the law [or Constitution] is to trample on the blood of his fathers, and to tear the charter of his own and his children’s liberty.”

First, it must be acknowledged that the “Constitution is not a suicide pact”, as expressed by Abraham Lincoln describing the belief that constitutional restrictions on governmental power must give way to urgent practical needs. That day is upon us.

Although not a “suicide pact”, the Constitution is a pact (see Principle 3), since the original state’s lawmakers carefully read and studied the document before deciding to ratify it. When they did ratify it, it was only upon the inclusion of the Bill of Rights, or the first 10 Amendments. The 5th of these Amendments reads that no-one presumed innocent shall “be deprived of life, liberty, or property…”, which is the issue at hand.

In addition, Alexander Hamilton stated “…the laws of Congress are restricted to a certain sphere, and when they depart from this sphere, they are no longer supreme or binding.” (Alexander Hamilton, Elliot’s Debates 2:362). Simply, upon “violat[ion] of the Constitution, the compact between the rulers and the ruled is broken and the obligation ceases to be binding”. (John Taylor)


“No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts . . .”

Thomas Jefferson observed,

“No one has a natural right to the trade of money [loan money], but he who has money to lend.”

2 Thessalonians 3:10 reads

“…this we commanded you, that if any would not work, neither should he eat.”

A loan of $70,000 at 10% interest over 30 years amounts to the lender (bank) making 2.5 times as much money ($172,741) in interest than those who provided all the labor and all of the materials ($70,000). You may say to yourself, this is fair, after all a 30 year loan is a long loan and people work for their money and sacrifice, and thus deserve to be compensated. But this is not true with the money loaned by banks today, tied into the Federal Reserve System.

Well over 2000 years ago, Cicero, whom our Founding Fathers gleaned wisdom from said: “For if ignorant and unskilled [and vicious] men have prescribed deadly poisons instead of healing drugs, these cannot possibly be called physicians’ prescriptions; neither in a nation can a statute of any sort be called a law, even though the nation has accepted it.” (De legibus, I, 29)

Please consider the following from the HOUSE JOINT RESOLUTION NO. 557 Offered January 12, 2011 in the State of Virginia,


WHEREAS, many widely recognized experts predict the inevitable destruction of the Federal Reserve System’s currency through hyperinflation in the foreseeable future; and…

WHEREAS, all gold and silver coins of the United States are designated “legal tender” under the aegis of Title 31, United States Code, §§ 5103 and 5112(h), and must be so designated perforce of Article I, Section 8, Clause 5 and Article I, Section 10, Clause 1 of the Constitution of the United States; and…

WHEREAS, pursuant to Article I, Section 10, Clause 1 of and the Tenth Amendment to the Constitution of the United States, each State must make gold and silver coin a Tender in Payment of Debts; and…

WHEREAS, “the police power” being the primary sovereign governmental function of every State, under Lane County and Hagar every State may adopt its own currency, consisting of gold or silver, or both, whenever necessary and proper to facilitate exercises of that power in aid of the general welfare of the State and its citizens; and…

WHEREAS, under the aegis of Title 31, United States Code, § 5118(d)(2), and perforce of Article I, Section 8, Clause 5 and Article I, Section 10, Clause 1 of, and the Ninth and Tenth Amendments to, the Constitution of the United States, Americans may employ whatever currency they choose to stipulate as the medium for payment of their private debts, including gold or silver, or both, to the exclusion of a currency not redeemable in gold or silver that Congress may have designated “legal tender”; and…

RESOLVED by the House of Delegates, the Senate concurring, That a joint subcommittee be appointed to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System…

The Independent American Patriots strongly supports the adoption of identical legislation for the protection and preservation of their life, liberty and property from the coming economic collapse.

The Principles of Liberty