MONEY, THE ROOT OF ALL-EVIL

When I read about banks and people being robbed of their money and people are killed or wounded, how drugs are sold for large sums of cash, how people work for cash and don’t pay their fair share of income taxes, I decided to write this article about money.

I propose that congress vote a recall period of six months to cancel all paper money in the U.S.A. Of course those people that have, on hand legitimate sums of money will receive a government check for said sums. Which must be deposited into a banking institute or spent on goods in the open market, during this period.

1. In this day and age of checks, credit and debit cards, money orders and American express or other travelers checks, there is no practical need for cash in our economy, except coins for machines.
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2. The very act of a money recall will cancel out all lost, destroyed and all the ill-gotten money in the hands of the wrong people. I estimate this act alone may save the government a few trillion dollars to help reduce the national debt.

3. We can save additional billions of dollars engraving, producing and circulating paper money, which in reality is nothing but a government promissory note, the Constitution, under section 8, gives the power to Congress, under PARA. b “to borrow money, and under PARA. e., the power “to coin money, regulate the value thereof—“ once the U.S.A. went off the gold and silver standard, paper money was reduced to a mere Government promissory note and has no extrinsic value, anyway, except the credit of the U.S.A. as a result, under my plan, we can reduce the function of the Treasury Department to making and distributing coins, exclusively for the principal use in coin-operated machines. The elimination of paper money is not a Constitutional issue.

4. The Treasury Department anti counterfeiting section, will be eliminated or drastically reduced to prevent the counterfeiting of our coins of course all counterfeiters will go out of business and be unemployed.

5. Banks will rest easy and require almost no security since they will handle only U.S.A. coins, a very small quantity as usual. They will not need to worry about holdups for paper money since none will be available. This will eliminate injuries and deaths connected with robberies for cash at banks, businesses and homes.

6. The need to collect and destroy old worn paper money will also be eliminated, as well as the attending cost.

7. State and Federal jails would not be needed to house those who are convicted of robberies for cash, or counterfeiting. So the costs will be eliminated.

8. The Federal and State court system will be spared the time and money in prosecuting counterfeiters, robbers, and thieves who steal paper money. Law enforcement units will be freed to fight other crimes.

9. All, so-called “under the table work”, transactions and sales for cash would be eliminated and as a result they would be forced to the surface, be recorded and taxed.

10. So called drug dealers would be deprived of their cash and non traceable transactions, all drug deals by check, credit card or other means would be traceable and easily identified and dealt with to the full extent of the law. Money laundering will be eliminated, because there will be no money to launder.

11. Paper money has always posed a real health problem, because of handling by thousands of people, many of whom may have infectious diseases. All these dangers will be eliminated.

12. The use of paper money as a traditional means of untraceable bribery of public employees, officials and politicians will stop. If you see a politician walk out of City Hall with a refrigerator on his back you can bet it is a bribe, or he is a common thief. Only dishonest politicians and people will oppose this plan.

13. Banks and credit card companies will obviously experience a surge in business and resulting profits, and interest rates charged would drop in this lucrative field. They will find tamper proof credit cards and checks, and, eliminate identity theft, which is necessary.

14. People will have peace of mind from robberies for paper money and from kidnapping for money ransom, since only traceable assets will be available.

15. Paper money will still be available to collectors as souvenirs, and many collectors will want to buy this redeemed paper money. There by paying the price and offsetting the Government’s cost of the recall and redemption process. Of course redeemed money will be marked “redeemed” to avoid problems.

In conclusion, the time has come for the elimination of paper money. We will win the fight against such cash crimes and criminals. And hurt them where it really counts, in their pocketbooks. We will eliminate the business of stealing cash and the death, injury and costs of defending these thefts and prosecuting offenders. We will be fighting terrorism since all U.S. money and illegal transactions will be traceable. We will all be required to pay our fair share of taxes, thereby, reducing taxes for honest people. Our lives will be safer, less costly in this area and we would be assured that every one in the U.S.A will be treated equally as the Constitution requires. Everyone but thieves will be happy and thieves will be made more honest as a consequence of this plan or move overseas to greener (paper money) pastures.
Now is the time to remove this root of all-evil, paper money.