History of America's Monetary System

History of America's Monetary System
Name
Institution
Professor
14 November 2011
Silver and Gold are real and lawful money that can be used to repay the debts but they are hidden in Switzerland. In addition, they are credited to the Bank of Rome. However, since the treasury is only allowed to print the principal and not the interest, they can never repay the debts. The end result is that the government becomes bankrupt. The paper money can be exchange for lawful money which means that it is not lawful money. On the other hand, the Bank of England restricts paying off debts in silver and gold not paper money.
The purchasing power of American citizens has been greatly changed due to the problems in the monetary systems which have affected the prices of various commodities. The use of paper money instead of coins has also devalued the money throwing America in to many debts. Currently, the money power is in the hands of the leaders and not in the hands of citizens. This is why the movie is calling for the transfer of money power to the people. The many rules and agreements that surround US money was created long centuries by a few people who had a slim set of interests. The gone centuries are quite different from the current century and therefore such rules and agreements may not serve the challenges of the contemporary world.
It is true that the current monetary problems have resulted since the individual states are barred from the monetary power. This is evident in...