PEOPLE For  Mathematically Perfected Economy™ (PFMPE™)  :  mathematically perfected economy™ (MPE™) is the singular integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt in proportion to a vital circulation, engendering inevitable systemic failure at a finite system lifespan defined by an inevitable, terminal sum of insoluble debt. Mathematically Perfected Economy™ is every prospective debtor's right to issue their promise to pay, free of extrinsic manipulation, adulteration, or exploitation of that promise, or the natural opportunity to make good on it.

MORPHALLAXIS, January 14, 1979.

EDWIN VIEIRA DISCLAIMS AUTHORSHIP OF THE FANTASIES IN THE ORIGINAL DRAFT OF NEW HAMPSHIRE HB 1342, PURPORTEDLY TO ENDORSE CONSTITUTIONAL MONEY

"The most amazing part of the discussion was the opinion that no wage inflation mitigated the asset inflation. I think this is the very cause of the current problem.

FED policy that exacerbates inflation while benefiting wall street will make the problem significantly worse.

I think anyone who doesn't understand this should visit a shopping mall.

In south west Florida in Naples, Sarasota and Tampa — the stores are having half price sales and the stores are still empty!

Sears is going to offer a 30% discount on Kenmore appliances and that still won't clear inventory.

How is it that economists of this stature don't seem to recognize that the bottom 60% (perhaps higher...I am guessing about this) of wage earners contribute significant amounts to GDP through their purchases and they are out of money?

My brother in law is selling a trailer/camper and has put an add in the paper. His phone is ringing off the hook from people who want it to have a place to live!"

Reader response to "The Big Picture" article, "Nobel Laurelates on the Economy," April 27, 2008

Saturday, April 26, 2008

EDWIN VIEIRA DISCLAIMS AUTHORSHIP OF THE FANTASIES IN THE ORIGINAL DRAFT OF NEW HAMPSHIRE HB 1342, PURPORTEDLY TO ENDORSE CONSTITUTIONAL MONEY

Here possibly, we have the basic direction where the bill to rescind the Federal Reserve Act intends to take us — an ambiguous prospect of a dubious new era, where even as we are at the brink of succumbing to irreversible, inherently escalating multiplication of debt by interest, private or state coinages will publish gold or precious metal currency — anything of course but paper — and so this precious metal, or whatever magic substance subject to our existent debts and future debt, without any provision or vision by which we can pay or arrest further multiplication, will ostensibly fulfill the artificial mass of stupendous, unpayable debt on the last day of the republic.

In my opinion, for the faults it fails to address, the bill probably doesn't even warrant a serious read, but I reproduce it here for reference in case anyone believes or cares to evaluate it otherwise. Basic comments on cited sections follow.

FULL TEXT OF NEW HAMPSHIRE HB 1342 TO ENDORSE SO CALLED CONSTITUTIONAL MONEY

AN ACT establishing a new system of coinage for the state.

U.S. Constitution; Article 1, Section 10

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money;

mike montagne

Ron Paul's own authority to pronounce Edwin Vieira the "nation's top expert on constitutional money" goes out the window in the first sentence of Article 1, Section 10.

Be it Enacted by the Senate and House of Representatives in General Court convened:

  1. Purpose. The United States Congress has relinquished its responsibilities that were delegated to it by New Hampshire and the other sovereign states. These delegated responsibilities are recorded in Article 1, Section 8, Clause 5 of the United States Constitution. The responsibilities the Federal government has relinquished are those of minting money and setting the value thereof. Currently the United States Congress has relinquished its minting responsibility by having delegated this responsibility to a foreign controlled power. Therefore, in this legislation New Hampshire is taking back its sovereign right to mint and set the value of our money to ensure that our money is lawful and is compliant with our constitutions. Other states are considering this same course of action.
  2. State Coin Mint. Notwithstanding any law to the contrary:
    1. The State of New Hampshire shall mint and introduce into circulation gold and silver coins of the State of New Hampshire in the face amount of $50,000,000. The coins shall contain one ounce of fine gold or silver, must be alloyed to 90 percent fineness and must bear the great seal of the state of New Hampshire on one side and the words "Contains One Troy Ounce Fine Gold" or "Contains One Troy Ounce Fine Silver", as applicable; "New Hampshire Legal Tender"; the year of issue and "In God We Trust" on the other side. On the edge of the gold coins will be the raised image of New Hampshire and on the edge of the silver coins will be raised lines. The raised edges aid in stopping the practice of coin shaving. The raised images also facilitate blind people being able to determine the coin denomination in their hands. The coins so minted shall be legal money for all debts, public and private, in New Hampshire and as agreed to with other states and countries.
    2. Except as otherwise provided in this section, when the coins authorized by paragraph I are received by the state treasury, they must be put into circulation immediately. The coins must not be held as a reserve except as the New Hampshire general court otherwise directs.
    3. If the number of coins subject to the control of the state treasurer diminishes to 500,000, the state of New Hampshire shall mint additional money in accordance with paragraph I, in the face amount of $50,000,000, unless the total face value of the coins already minted is $500,000,000, in which case the state of New Hampshire shall mint no further money without prior approval of the New Hampshire general court.
    4. If the New Hampshire general court representing the residents of New Hampshire, with all the other states, determines that the Congress of the United States is once again fulfilling its constitutional obligation to legally, lawfully, and appropriately, as defined by the United States Constitution, following acceptable economic practices, coin money directly and not by delegation to some other group or organization like the Federal Reserve, the Congress shall, once again, be required to meet the following monetary requirements before New Hampshire will again give up its right to coin money and return it conditionally to the Congress:
      1. Require the Federal Reserve to exchange all the Federal Reserve Notes in circulation with gold or silver equivalents;
      2. Retire all of the Federal Reserve notes; and
      3. Retire all the United States national debt accumulated in the Federal Reserve books because of the nefarious interest the country is charged by the Federal Reserve for the fraudulent and questionable extortion practices as measured by every economic measure.
  3. Effective Date. This act shall take effect 60 days after its passage.

end

RELATED PRIMARY ARTICLES

EDWIN VIEIRA

NON-CONSTITUTIONALITY

The United States Congress has relinquished its responsibilities that were delegated to it by New Hampshire and the other sovereign states.... Therefore, in this legislation New Hampshire is taking back its sovereign right to mint and set the value of our money to ensure that our money is lawful and is compliant with our constitutions. Other states are considering this same course of action.

mike montagne

NON-CONSTITUTIONALITY

Fine. I've been saying the so called Federal Reserve System and Federal Reserve Note are unconstitutional for 35 years, so we have an agreement on this count at least.

My objection to the approach of the cited purpose is that rather than bringing us back to constitutional rule, this state provision attempts simply to circumvent the Constitution all the further. That's a striking pattern for purported constitutionalists to advocate initiating.

But I say this still to the ostensible arguments of the bill, even if the intentions of this effort are genuine, because at least my long term observation is that no challenge to the constitutionality of the so called Federal Reserve currency deserves to prevail or will prevail unless it raises the real issues in an incontestable manner.

In support of that proposition I offer that evidently Mr. Vieira and Mr. Paul privately challenge the issues I have raised, but do not dare do so publicly.

Why not then, if the desire is rectitude, make mathematically perfected economy™ the prevailing argument against the so called Federal Reserve System?

After all, is there a congressman or senator who can demonstrate how it is possible *and practical* even to maintain a circulation subject to interest without perpetually multiplying debt in proportion to the circulation?

Then not only can none show that the present system will not collapse even as it already has before; none can show that the so called Federal Reserve System possibly serves the people — it can only injure us to an ever greater degree.

Furthermore, what congressman or senator can prove mathematically perfected economy™ does not solve all the issues which confront us?

Why then enter a gun fight with an empty revolver?

CIRCULATION

Except as otherwise provided in this section, when the coins authorized by paragraph I are received by the state treasury, they must be put into circulation immediately. The coins must not be held as a reserve except as the New Hampshire general court otherwise directs.

AUTHORSHIP

This is just sloppy work.

Here Mr. Paul for instance has decried federal spending of federal debt into circulation, which would have the same purported inflationary effect in terms of the quantity of circulation introduced. But what is the method of "putting" the money into circulation?

What are the ramifications? Will the unsaid method of "putting" it into circulation not engender the very effects Mr. Paul has so often complained about, not only on the introductory side of the lifespan of the circulation, but on the retirement side?

Absolutely it will, because there is no provision whatever for introducing the circulation along with new wealth, and retiring it in accord with the expiration of that wealth.

CIRCULATION

If the number of coins subject to the control of the state treasurer diminishes to 500,000, the state of New Hampshire shall mint additional money in accordance with paragraph I, in the face amount of $50,000,000, unless the total face value of the coins already minted is $500,000,000, in which case the state of New Hampshire shall mint no further money without prior approval of the New Hampshire general court.

ABSENCE OF SOLVENT REGULATORY MEANS

More sloppy work. You haven't even provided a guideline which determines the proper circulation, and yet you declare a goal of regulating a circulation within certain bounds which may or may not work forever, but yet you leave determination of exceptional conditions to the general court, which still has no guideline for doing so whatever.

Notably however, mathematically perfected economy™ alleviates all these ad hoc, momentary, hapless regulatory decisions, and even the need for a regulatory body, all of for which Mr. Vieira not only establishes no guideline, but for the initial decisions of which he does not even provide introductory arguments from which we can understand how the original bounds themselves, by any possible measure, are ideal or even enduring.

Mr. Vieira asks us to just trust him on vital issues which he may not even perceive are vital, because he just casts them to the wind.

But yet we already have the answers he has swerved away from.

In mathematically perfected economy™, the very schedule of payment automatically regulates the circulation so that at all times it is to equal the wealth it is intended to represent, because we pay for wealth as we consume of it. Not only then does mathematically perfected economy™ alone solve the problems Mr. Vieira only wishes to solve and cannot be solving, mathematically perfected economy™ is the singular prescription by which each and every one of us can pay for what we consume with whatever we deem to be an equal measure of our own work.

Why abandon that justice for Mr. Vieira's bastardization of all the vital principles?

SETTING THE BAR

If the New Hampshire general court representing the residents of New Hampshire, with all the other states, determines that the Congress of the United States is once again fulfilling its constitutional obligation to legally, lawfully, and appropriately, as defined by the United States Constitution, following acceptable economic practices, coin money directly and not by delegation to some other group or organization like the Federal Reserve, the Congress shall, once again, be required to meet the following monetary requirements before New Hampshire will again give up its right to coin money and return it conditionally to the Congress:

  1. Require the Federal Reserve to exchange all the Federal Reserve Notes in circulation with gold or silver equivalents;

SETTING THE BAR BEYOND REACH TO PENALIZE THE OFFICIAL AT THE EXPENSE OF THE PARTICIPANTS

More sloppy work.

If even Mr. Vieira hasn't determined the solution of these issues, just who exactly is to determine "acceptable economic practices"?

While I might agree at least to some extent that a fitting punitive measure might be to require the so called Federal Reserve to redeem all the so called Federal Reserve Notes in gold or silver, still making this impossible task a requisite of returning to a Constitutional monetary system, which return likewise, not even Mr. Vieira or Mr. Paul have shown is even possible, is certainly no way to solve our issues.

STATE ANALYSIS

Here is what the state had to say about Vieira's bill:

Fiscal Impact: The Treasury Department states they are unable to determine the fiscal impact of this bill on state, county, and local revenue or expenditures.

Methodology: The Department states further analysis is needed to determine how the state would purchase raw materials to mint coins and how to select an appropriate vendor to mint the coins(?????). The Department is unable to determine the exact fiscal impact at this time.

Summary

But Mr. Vieira predicts this action will trigger a deluge of investment in New Hampshire?

I don't see that happening at all. No way in hell. After all, are potential investors lining up insisting on the passage of this bill to create more fertile environments for investment?

Of course not! Whatever for?

Why aren't people just trading in gold and silver then, as they already can?

All this ridiculous bill even hopes to do is create a ridiculously expensive currency for no other purpose than it has not established how to regulate a currency — hoping the expensiveness of the currency will suffice in lieu of the vital understanding.

But to the original object, what New Hampshire and every other state needs is not "investment," because a) "investment" is to forfeit proprietorship in our own ventures merely for the deprivation of available finance for our enterprise to thrive as it deserves to, and because b) "investment" itself of this kind asks the existing circulation to do the further work of sustaining further industry, when to sustain further industry we require further circulation.

Thus the purported carrot is the very evidence of the bill's complete breadth of faults.

What entrepreneurs need is to be able to finance their ventures without interest — paid for nothing to those who create the money for nothing, only because we are denied the one righteous means of finance, and paid to those who certainly do not earn their wages alongside us in our shops.

True free markets, Mr. Vieira and Mr. Paul, similarly, are free of predation of any kind; and likewise, what true free markets need is c) a circulation which will not multiply debt upon us, d) a circulation which is regulated to sustain all our endeavors, and e) a circulation which is regulated so that it always equals the remaining value of the wealth we intend strictly for it to represent.

Only when we do all these things will we have true free enterprise again; and by definition, that day will be the day we establish mathematically perfected economy™.

Tuesday, October 7, 2008, 12:07 PM

EDWIN VIEIRA DISCLAIMS AUTHORSHIP/CO-AUTHORSHIP OF NEW HAMPSHIRE HB 1342?

I have no idea as yet if this is even a hoax, but today at 12:07 PM I received an email with a dysfunctional reply-to address from an edwinvieira@[domain].net. In other words, to successfully reply to the embedded address, I had to examine and extract the source code of the email (which is a bit suspicious):

On your web site you attribute to me some sort of responsibility for a bill that proposed to create a New Hampshire state coinage. I did not write this bill. I did not advise anyone with respect to the writing of this bill. I have never supported and do not support this bill. In fact, when certain New Hampshire state legislators informed me of the bill I specifically told them that it is unconstitutional for any State to coin money.

Therefore, your attribution of this bill (or of the theory underlying it) to me, in any way, is false. Because my position on the bill could easily have been ascertained by your simply contacting me, I must conclude that your attribution of the bill to me is knowingly false, or made with wilfull blindness or in reckless disregard of the truth. Certainly, upon your receipt of this e-mail, any further attribution of this bill to me will be knowingly false, intentional, and malicious.

I expect that, as a result of this communication, you will revise your web site in this regard, including an explicit retraction of the false attribution with respect to me now presented on it. I further expect that this retraction will appear as prominently (in terms of position on the site, typeface, colors, and so on) as the original false statements to which it refers.

Edwin Vieira

To this message I replied at 4:15 PM. Quotes of the cited references (as provided in my reply) are enclosed in blue outlined subdivisions:

PFMPE™

Well now, I did write you at the web address of the very material which appeared itself to be a site of yours. No one answered. I only found the NH bill by the very links provided by what appeared to be your pages.

What's more, there's substantial further material which cites you as a co-author of this bill:

http://www.goldmoneybill.org/

http://www.goldmoneybill.org/goldbill.html

http://un-debt.net/soundmoney.html [which states:]

Dr. Edwin Vieira is a constitutional lawyer from Virginia who helped McElroy, Rep. David Buhlman, R-Hudson, and others prepare the bill. "Paper currency in this country has lost its purchasing power since World War II. Precious metals have retained their purchasing power. This will stimulate investment in New Hampshire if you take this important first step," Vieira said. But the House Commerce Committee found little support for the change due to the strain it would place on the state treasurer’s office and the private banking system, said Rep. Leo Fraser, R-Pittsfield. "The committee was having trouble believing that gold, which also may be devalued as a currency, would be of any benefit," Fraser said.

*SOUND MONEY BILL UPDATE*
*Revised New Hampshire HB 1342*

http://privategoldtrader.com/pdf/The%20Quest%20for%20Sound%20Money%20in%20New%20Hampshire.pdf

http://portland.indymedia.org/en/2005/06/318799.shtml

http://www.kitco.com/ind/Turk/may162005.html

http://www.rumormillnews.com/cgi-bin/archive.cgi/noframes/read/43978 [which states:]:

or Dr. Edwin Vieira (contact Rep. McElroy)

http://goldismoney.info/forums/archive/index.php/t-7577.html [which states:]

and Attorney Edwin Vieira, Ph.D., of Virginia, the internationally recognized monetary expert who greatly contributed to the creation of the text of the bill. Dr. Vieira, the author of what many consider to be the most thorough and scholarly work on the money issue, Pieces of Eight, may be unknown to many of you. But please be assured that Dr. Vieira could easily hold his own in a debate about money with anyone, including Alan Greenspan, Chairman of the Federal Reserve Bank system

Vieira has crafted a simple, straightforward bill. If you would like to read more about it, the following link provides an informative overview of it by answering 20 frequently asked questions about the bill: http://www.nh-inews.org/articles/04/01/040131aa.html

Perhaps if New Hampshire is successful in enacting this bill into law, other states mindful and respectful of their constitutional obligations may choose to enact similar laws.

http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20040203/NEWS02/202030362&template=printart [which states:]

Dr. Edwin Vieira is a constitutional lawyer from Virginia who helped McElroy, Rep. David Buhlman, R-Hudson, and others prepare the bill.

State Treasurer Michael Ablowich said as a courtesy he assisted lawmakers in trying to refine the bill (HB 1342), but he also saw many flaws in it.

"Like 90 percent of the Legislature, I’m fairly skeptical about how it might work," he said.

http://www.rumormillnews.com/cgi-bin/archive.cgi/noframes/read/44291

http://cfpa.activeboard.com/index.spark?forumID=80510&p=3&topicID=16001801&commentPage=0

http://www.vrijspreker.nl/wp/2004/02/gold-silver-sound-money-bill/ [which states:]

The need for this Sound Money Bill was recognized by Rep. Henry McElroy and others who have wisely brought in the eminently qualified legal counsel and expert in Constitutionally sound money, Dr. Edwin Vieira of Virginia, to craft the Sound Money Bill (Revised HB 1342) to achieve our goals of 1) securing our monetary system, and 2) enhancing NH’s economic development as well as giving the State, the people and businesses the option should we need it. Dr. Vieira is the author of the respected two volume, 1666 + page book "Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution." ( http://www.piecesofeight.us )

http://www.thehandstand.org/archive/march2004/articles/gold.htm [which states:]

But until now there has been no way under New Hampshire law to enforce the constitutional provision on the state. In other words, this bill would remedy this deficiency in New Hampshire state law, which is the bill's objective and purpose. It would empower the people to force the state to deal in constitutional money. Therefore, this bill not only is a step in the right direction not only for constitutional money but also shows that people can indeed require government to adhere to the law — assuming of course that this bill is passed and signed into law. And though the bill has supporters among the state representatives, like all bills this one has to pass the New Hampshire House and Senate as well as be signed into law by the governor. So it is an uphill journey, but one worth taking. This past Monday I participated in a press conference at the state Capitol in Concord to explain the difference between fiat Federal Reserve dollars and to announce my support for the bill, which was drafted by my good friend, Edwin Vieira, who is this country's leading scholar on legal and constitutional money issues.

Now, you mean to tell me, even if you have taken down pages (finally) which recently projected monetary collapse in 2005, that you absolutely did not participate in authoring this bill (and therefore that there is no truthful information whatsoever attributing co-authorship or authorship to you, and never has been)?

All these pages wrongly cite you as co-author of this bill?

mike montagne

RELATED EXTERNAL MATERIAL

RELATED PRIMARY ARTICLES

RELATED REFUTATIONS/REVIEWS OF CONTROVERSIAL MONETARY PROPOSITIONS

"To find the players in all the corruption of the world, 'Follow the money.' To find the captains of world corruption, follow the money all the way."

mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)

While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.

© Copyright 1979-2008 by mike montagne and PEOPLE For Mathematically Perfected Economy™. ALL RIGHTS RESERVED.Copyright 1979-2008 by mike montagne and PEOPLE For Mathematically Perfected Economy™. ALL RIGHTS RESERVED.

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