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According
to Wikipedia “A Youngling
that successfully completes their respective level of training undergoes
Padawan apprentice training under the tutelage of a Jedi Knight or Jedi
Master. In a rite of passage, Padawans must build their own lightsabers as a
final test.”
While
in Minnesota about six months ago I was approached about tutoring a
high school senior with his thesis for an Advanced Placement class. He
desired to write his 10,000 word thesis on monetary policy and needed a
mentor. Usually the mentors had to be local so that the students could
discuss the projects. An exception was made and I found myself with a
young Padawan, William Simpson.
After
months of work and collaboration his paper was ready to be presented.
The thesis defense would be judged by six teachers and questions could
be posed by the audience. Mr. Simpson’s objective portion was
delivered very well and I am slightly envious of not having his speech
training by that age. His thesis defense was even covered by the local newspaper.
 
But
then came the persuasive portion of his defense where he laid out the case
arguing in favor of a constitutional commodity monetary system, abolishment
of the Federal Reserve and free banking. He delivered it with great
eloquence and many in the room began to see the power of his assertions as
the cause of our current financial and economic problems.
Dr.
Edwin Vieira, J.D. is the preeminent monetary jurisprudence scholar
in the nation and author of the venerable treatise Pieces of Eight and I
am one of his intellectual Padawans. About 18 months ago I had
breakfast with Dr. Vieira in Washington DC and then listened to his speech.
He made a statement with such power it has stuck with me to this day
which I passed on to Mr. Simpson.
As Mr.
Simpson came to the conclusion of his defense he masterfully delivered a line
to his Keynesian economics teacher: “Gold and silver are not mere barbaric
commodities but essential checks and balances in America’s political machinery.”
At that moment many in the crowd realized the role sound money plays.
Decades
ago Ludwig von
Mises wrote in The Theory of Money and Credit, “It is
impossible to grasp the meaning of the idea of sound money if one does not
realize that it was devised as an instrument for the protection of civil
liberties against despotic inroads on the part of
governments. Ideologically it belongs in the same class with
political constitutions and bills of rights.”
This
is because sound money protects against confiscation through inflation which
is a form of taxation without representation or due process of law.
With the Federal Reserve engaged in quantitative easing is it any wonder that tea
parties are springing up everywhere? Here is a picture from a tea party
I attended with William’s father on the way to their house from the
airport.
After
William’s presentation then it was time for questions and answers from
his teachers and the crowd. He deftly handled them all. Then we
returned to his home for some refreshments, socializing and tutelage by another
monetary scholar, Wayne Paul the brother of Dr. Ron Paul. Mr. Wayne
Paul, a CPA, is involved in the Kahre case which I would recommend everyone to become
familiar with as the issues square on the nature of America’s dual
monetary system.
Gold
loves the truth and fiat currency loves lies like mark
to market accounting. Indeed, ideas can only be overcome by other
ideas while power and force are impotent against them. During the
darkest of nights Dr. Vieira has carried the torch and while gold’s
monetary function and political role may be forgotten to the majority of
humanity, which is the chief cause of the world becoming such a dangerous
place, a young Padawan has been diligently fashioning and learning how to
wield his lightsaber. Truth will cleave its own way and the golden sun is rising in the east.
HR
1207 IN COMMITTEE
The
Federal Reserve has not been audited in over 50 years. HR 1207,
introduced by Dr. Ron Paul with over 55 co-sponsors, will require an audit of
the Federal Reserve. In a major development the bill will now go to
the House Committee on Financial Services. Then it will be debated
and voted upon in the Committee. Afterwards, it will then either go to
the House for a debate and vote or will be defeated.
I
recommend contacting your representatives to show your support for or
opposition against HR 1207. The Congressional Switchboard number is
1-877-851-6437. Of particular focus should be the members of
the House Financial Services Committee (E-Mail
Committee Blast).
Trace Mayer
RuntoGold.com
Trace Mayer,
J.D., holds a degree in Accounting from Brigham Young University, a law
degree from California Western School of Law and studies the Austrian school
of economics. He works as an entrepreneur, investor, journalist and monetary
scientist. He is a strong advocate of the freedom of speech, a member of the
Society of Professional Journalists and the San Diego County Bar Association.
He has appeared on ABC, NBC, BNN, many radio shows and presented at many
investment conferences throughout the world.
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