The revolution is gaining steam

By David Bond              December 20, 2004 www.silverminers.com

Wallace, Idaho - The Silver Revolution now has a full head of steam. When this baby hits the tracks there will be nothing but sparks flying. If you're not aboard by now, you will have missed the train and have a lot of chasing to do.

The latest passengers to board this train - dare we call it the Silver Bullet? - are the 31 elected governors of the 31 states of the Republic of Mexico who are calling for the re-monetization of silver.
(Read the official announcement, from Hugo Salinas Price, just over to the right of me.)
Mexico is known for two things: silver, and revolutions. The 31 elected governors of Mexico's 31 states are calling upon Mexico's federal government to re-monetize silver, to put silver back into this nation's money. These are guys who agree upon almost nothing else.

Ponder this: Mexico is a nation of 103 million people. Its adult literacy rate is higher than 91 percent. Forty million of its citizens are under the age of 18. A Mexican child born in 2003 can expect to live at least 74 years. This is not evidence of some easily dismissible third-world country.
Yet Mexico struggles under an inflation rate of 16 percent. (I wonder what our rate truly is.) Its current economic fates depend entirely upon the goodwill and honesty of the United States banking system, because the peso, as throughout all of Central and South America's currencies, is valued in terms of US Fednotes.

Mr. Salinas Price wrote, back in 2002, of Mexico's mounting frustration with the US dollar:
"Aristotle stated that everything that exists incorporates matter and form. The dollar, since it became irredeemable for gold at $35 dollars an ounce in August of 1971, is an abstraction that only maintains form, without matter. Therefore, it is nothing.

"The whole financial edifice of all Latin America is constructed upon these units of nothing, dollars. Our Mexican pesos are derived from…nothing. Can we possibly believe that we can look forward hopefully to an economic future built upon pesos which are derived from dollars, which in turn are nothing? If, someday in the future the history of the Twentieth Century is written truthfully, it will have to record as one of its most important characteristics, the progressive elimination of the "substance" factor from money all over the world.

"The abuse of money creation by the U.S. is not something that produces bad consequences only in the U.S. Since the dollar is our money, because our currency is nothing more than a derivative of the dollar, the abuses in money and credit creation in the U.S. produce serious shocks in Latin America. We have mentioned before, on these pages of the internet (www.plata.com.mx), how credit expansion (debt expansion) in the U.S. produces the export of monetary inflation to our countries, and forces the devaluation of our currency-derivatives, the destruction of internal savings denominated in such derivatives, the destruction of financial systems with the high interest rates that come about as a consequence of devaluations and the collapse of our productive systems."
In other words, our profligate banking practices are the root of Mexico's inflation and a corruption of its republican democracy, of its very humanity. Silver is Mexico's way out of this hegemony. I wish them well.

Salinas Price is a guy who has figured things out. So, apparently, have a number of his 103 million countrymen. Ninety-six percent of viewers of the television network Azteca favor the re-monetization of silver in Mexico. A full-page advertisement taken out by the Journalists' Club of Mexico City and signed by 176 of my peers also endorsed silver's return to Mexico's money.

And just as silver is Mexico's way out of the hegemony of the U.S. banking system, it is also ours, here in America. We were a free people and prosperous people until they took our wealth away. Only with paper dollars can a bank confiscate your wealth, your net worth. Do you want those things back? Then demand silver in your coins.

The re-monetizing of silver is a done deal. Because what the United Snakes is doing to Mexico, we're also doing to Argentina, Venezuela, Bolivia, Chile, all of Central America - and Japan and China. Why do you think the Europeans went to Euros? It was kind of their way of saying, No Thanks.

Even our hugely vaunted military cannot put out that many revolutions should they come in rapid fire. India clings for dear life to silver and if they hang on for even a bit longer, it will be India calling the shots in the Far East. China's use of the dollar is a convenience, to keep the loading-dock prices at Wal-Mart down, but when they go out selling serious action, like a rifle factory or a car plant, they'll want silver and they'll expect to pay in the same.
America has in its hubris imagined a planet peopled by people who are weaker and stupider than we are.

This is really not so, although it is informed by a congenital disinclination on our part to - as the seniors at the Phi Delt house at Willamette used to say to the pledges- "get around and meet the members." Fewer than 20 percent of all Americans at a high estimate, the lowest 7 percent, even possess a passport, compared to about 90 percent of Europeans. And getting a U.S. passport is considerably more difficult than getting a visa to travel to Russia or China.
But that's OK, because we watch on average 7 hours of television per day, sufficient to give us our world view - at least by Dan Rather's lights. Our low passport numbers are of no small interest to the Motherland Security fascists, who are making it ever more difficult for Americans to travel overseas. So we do not hear the rumblings of our foreign neighbours, who in increasing chorus cry for the overthrow of their overseers - us.

Let us ponder, in the context of the Iraq War, the words again of Mr. Salinas Price writ two years before we embarked upon this bizarre mission: "When the First World War broke out in 1914, some observers thought that it could not go on for very long, because the reserves of gold would soon run out and it would be impossible to carry on the war for a lack of funds. Little did these people imagine that governments would keep right on warring, without gold, just printing money - counterfeiting money - in the amounts required by the war."

Is there a minor coincidence that world wars and fiat currency came into being (and went away) at about the same time in history? That the ancient Romans went out to make Empire at about the same time they infused lead and zinc into their coins? That before Franklin Roosevelt waged his campaign against Europe he first confiscated Europe's gold? That the conclusion of the American War Between the States was effected by the South's ineffectual efforts to issue scrip, because the North had the gold? That in every major war, one of the chief elements of each side's campaign was to introduce counterfeit currency into the economy of its opponent, a thing you can only do with paper?

That when silver, or for that matter gold, are the only means of measure, when fiat currency is eschewed, that wars are few and the predations of one nation against another are almost nonexistent? Perhaps for the simple reason that when people in any country are getting paid for their work, and for what they're worth, they are peaceful?

The actions of Hugo Salinas Price, and of the 31 Mexico governors, to correct the errors of their banking system to restore, as both Mohammed and Christ urged, an honest measure, a measure-for-measure if you will, is the shot heard around the world. How violent the ensuing war will be is entirely at the will of George W. Bush and Alan Greenspan, or up to the perseverance of the kind people of Mexico. Me, I'm rooting for south of the Rio Grande.