Daniel de Gracia elected City and County of Honolulu Neighborhood Boards, District NB-22/Waipahu, HI
You’ll find Daniel’s Meetup page here!
Daniel answers the Liberty Candidate questions below:
I) Re. the U.S. Financial System:
1. What is your view of the monetary system in the U.S. today?
I believe that America’s monetary system is an inflationary engine designed to produce maximum profits for cartelized private entities and select individuals while simultaneously buffering losses at taxpayer expense.
For most of America’s history, specie payments or convertability of paper money into gold or silver were common, however following the Civil War numerous financial crises emerged which led banking special interests to recognize that a central bank was needed to be a “lender of last resort” to bail them out in the event of a panic, to provide elasticity of money and to allow intervention in and control of the nation’s market. The result was the privately owned, publicly mandated Federal Reserve System which monopolized the nation’s money.
As the U.S. dollar is presently the world’s reserve currency, our monetary system is a global catastrophe waiting to happen. I am extremely concerned about the future of our children and believe that voters and policymakers alike should prioritize sound money as the most important issue.
