Section 1 of Article V ordains two treasuries. After I wrote this section, I wondered whether this, too, was a restoration. So I did an Internet search and found some evidence that anciently some governments did, in fact, have two treasuries, one of which was considered mundane and the other was considered sacred. “The Treasury of the States” can be considered the sacred treasury, while “The Federal Treasury” can be considered the mundane treasury.
Section 2 shackles Congress and makes gold, silver and copper the only congressional monetary standard.
Section 3 shackles the States: “All money coined by any of the States shall be in the standard fixed by Congress.”
Section 4 continues to shackle Congress with more chains:
Congress shall have no power to issue certificates backed by and redeemable for congressional coinage, nor to issue paper money, nor to contract debt, nor to emit bills of credit, nor to borrow money, nor to establish a bank, nor to grant that private financial institutions should do the same in their behalf, and the united States in Congress assembled shall have no power to lay upon men’s shoulders that which is grievous to be borne, which are taxes, for Congress shall have no power of taxation.
An instant pay raise
Addressing the last part of this section first, passage of the NAC would give every working American an instant pay raise, for no federal taxes would be taken out of their paycheck ever again. No withholding taxes, no social security taxes, no filing of federal income tax returns, no more IRS, etc. All taxation at the federal level would be over the instant the NAC passes. Do you think it is going to be hard to pass the NAC?
Manufacturing brought back to America
Given that people will have more money in their pockets, they will be able to take jobs that they couldn’t before, because taxation took so much out that they couldn’t support themselves on the “lesser” pay. This instant enriching of Americans will create a new condition, in which some of the manufacturing currently shipped to other countries will now be able to be performed here in America, by American workers.
New businesses and employment galore
Like a continuous economic booster IV, (not a one-time “shot,”) the continual federal “tax-free” condition will cause people to venture into business at a greater rate and this will also create more job opportunities. The American economy will suddenly lurch forward like a bull at the very moment the NAC passes and all Americans will feel like they have entered into a new, but strange, era of prosperity, not like a normal wave or business cycle that will pass, but like a rollercoaster that suddenly begins its initial upward climb. All will be filled with anticipation, wondering how long this thing will continue to travel up. Surely what goes up must come down, right? But the feeling will not abate and all will soon come to think and feel that the sky really is the limit.
Now, this is, of course, merely a set up for the prosperity miracle, for the people must be free of their taxing shackles before the Lord can show them what He really is capable of doing for them. But even without the coming miracle, every American will feel like a kid in a candy store again, and all things will become new and exciting. The gloom of the past will fade away and people will have hope for the future and will start to imagine greatness again.
All manner of all things
The NAC does away with that annoying bit of text in the U.S. Constitution (USC) which provides for the establishment of a patent and trademark office. Although the States are free to establish their own such offices, the elimination of the U.S. Patent and Trademark Office will create yet another huge wave of change in this country, allowing Americans to literally create all manner of all things, without restriction. Innovation in the NAC era will completely eclipse the innovation that currently exists under the USC. Americans will look back upon the USC era as a sort of dark ages.
This, again, sets up the conditions for the prosperity miracle, and thus can be considered a restoration to a previous state, even a state or condition which existed previously in this land, among the ancients. In fact, all these things (no taxation, gold and silver money, no patents, etc.) are restorations of previous conditions found in this land.
The criminal banks get the shaft, NOT the people
The bankers have a hold on the current national government, but Section 4 breaks that hold:
Congress shall have no power to [do a bunch of stuff], nor to grant that private financial institutions should do the same in their behalf…
Additionally, all that fiat paper money held by the people is going to get redeemed:
Article XI. Section 3. That government fiat shall never again exist in the land, all notes in circulation within the confines of the Confederacy, which are held by the people of the several States, which were authorized by the previous national government, through its agents, and given legal tender status, being debt instruments, shall be redeemed by said agents, in coin which is in the standard fixed by Congress, or in certificates backed by and redeemable for the same, by turning out property held by the said agents, or otherwise, as the case may require, that all such debts are cancelled out in due time, and Congress shall have power to regulate and enforce said redemptions, that all such business is transacted in a prompt and proper manner, according to law.
So, goodbye Federal Reserve. You crooks are going to get your just desserts under the NAC.
Americans and their money are not restricted
Under the NAC, Americans will be free to buy and sell in whatever form of money they want. Only Congress and the States will be shackled with a hard currency restriction. Inevitably, there will be very many competing currencies among the people.
The Congressional coffers can increase
The NAC, though, doesn’t limit the amount of money Congress can obtain. They can loan money, they can perform their enumerated services at a profit, and they can even mine currency out of the ground, and thus increase the coffers greatly, to the benefit of the American people. All this without directly or indirectly taxing the people.
The NAC forbids Congressional debt, forever:
Article XI. Section 2. None of the obligations of the former national government under the United States Constitution shall transfer to the united States in Congress assembled under these articles of Confederation; and thus this Confederacy shall begin and remain debt-free, with no entangling alliances or any other obligations of the former national government; and all records of such obligations to the people of the States shall be turned over to their respective States, which are not obligated to fulfill them, but may, if they so choose; and all such obligations to foreign entities shall be null and void.
The NAC, then, is a reset. We Americans get to start with a clean slate. It is like that seventh year has finally come and there are no more debts required of us. It (the NAC) presents an opportunity to show the world true American greatness, meaning that by operating under real and true principles of freedom, (in reality and not just with lip-service,) we will get to show the entire world that liberty and freedom can and will create unprecedented prosperity and happiness.
A flood of immigrants
Now, make no mistake about it, these economic sections of the NAC will be so sweeping in their effect, literally sweeping out the national government and its corruption and sweeping out many of the crooks in the States, too, creating an environment so unbelievably attractive that our borders will be swarmed with people trying to get in. So inviting and enticing will America become that almost all people, everywhere, will want to be “an American” living in America. There will be cultural reactions throughout the world, noted by both all people and their governments. Everyone will see America as literally “the land of promise,” blessed by the hand of God (even before the prosperity miracle takes place.)
Thus, our numbers will swell to such a degree with immigration that foreign governments will attempt take measures to stop their people from leaving their countries and going to America. In other words, the NAC is going to affect the entire world’s people and all the foreign governments of the world are going to react in ways that are not always going to be pretty. It will be like a bright light has suddenly burst upon a scene of darkest night, and all those groping in the dark will try to make their way to that light, while those who reign in the darkness will try to stop them.
I am not going to analyze the entirety of Article V, but this little smidgen out to be enough to show that the NAC is far superior to the USC, even miles superior. Here are some recent comments on the NAC (and notice the criticism) :
Well the NAC is new to me, but like some other stuff I’ve seen in recent years as anger with the System grows across the land. I find it excellent, if far too wordy, and I wouldn’t mind living under it. However, as you know, amendments are almost impossible to pass, especially if they are serious and game-changing, because the powers-that-be, the ones we want to get rid of, are the ones that have to vote for it, at national and state levels. This is far too sweeping and too sensible ever to get those votes. (Quote by a libertarian author)
certainly much better than the Constitution, but absolutely no chance whatsoever that it will ever be taken seriously. (Quote by another libertarian author)
So, the criticism is that the NAC is “far too wordy,” “far too sweeping and too sensible” and has “no chance whatsoever that it will ever be taken seriously.” In other words, there is nothing wrong with the NAC. It is superior in every way to the USC. The problem is with the American people. But, we shall see if these libertarian authors really know the American people as well as they think they do…
Feel free to disagree on any point mentioned in this post. Bring your strongest reasons against the NAC and let’s have an open debate. And for those who like the NAC and want to install it as the Supreme Law of the land, here is my advice and prediction (and also see this comment, and this comment and this comment) :
A continual strategy of debate will install the NAC in this country and I challenge anyone to prove me wrong. I say that Americans will jump at the chance to debate the NAC and to show that the Constitution is better, but, according to the rules of the debate, they will have to read the NAC first, and once read, they will be hard pressed to defend the Constitution. Thus, everyone who hears, or watches, or reads, or participates in, a NAC debate, will become convinced that the NAC is what this country needs.
To read the other parts of this series, click any of these links: