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THE CONSTANT
VALUE DOLLAR AMENDMENT Discussion: Congress has the power to coin money;
and no state shall make anything but gold and silver coin a tender in payment
of debt. This amendment (if war is not declared) is intended to be in full
compliance with the constitutional intent. Also; it intends to end inflation of the money
supply. As the economy and population grow – more money is
required to keep the MONEY’s VALUE CONSTANT. Inflation of the money supply is brought about by
bankers making loans using a scheduled RESERVE; today the reserve rate is
about 10% and that produces about a 2% per year inflation rate. Deflation of
the money supply happens anytime a borrower defaults on their loan; thus
partially or fully destroying the money created with that loan. To bring
about a constant value of the money the RESERVE RATE must be adjusted and
monitored to bring about a CONSTANT VALUE DOLLAR. The Supreme Court found that the GOLD STANDARD was
too restrictive for financing war; it found that the printing of paper money
was constitutional in the 1870 Legal Tender Decisions. This amendment, when war is declared by Congress,
allows for the federal government to create money as it did before this
amendment. But during peace time, we
the people believe that the “Constant Value Dollar” will be better for the
economy. SET ASIDE
A set aside provision is provided in the event
that Congress declares war. THE PROPOSED
CONSTANT VALUE DOLLAR AMENDMENT The Money Loan Reserve
rate must be adjusted as needed to bring about a CONSTANT VALUE DOLLAR. The
VALUE of the CONSTANT VALUE DOLLAR must be tested and shown from time to time
to be probable that the DOLLAR’s VALUE remains within the limit of plus or
minus one tenths of one percent of the Constant Value. And it must be
improbable that the DOLLAR’s VALUE would exceed the limit of plus or minus
one tenths of one percent. The intent is that a
object for sale (a house) if all conditions are equal, the house will be
worth that same number of “constant value dollars” when it is bought today
and sold 10 years from now or 50 years from now. SET ASIDE PROVISION If Congress Declares War;
Congress may ignore this amendment to fund the war. After the war, Congress
shall resume compliance with this amendment within three months of the time
of surrender by the enemy. Congress, within 6 months,
must remove all inflation brought about during the war time economy. Copyright 2018 Herbert G. Peters Candidate for US Senate, |