Absolutely Necessary: Congressional Term Limits
by Rense Johnson, Chairman
Citizens for Term Limits … for a fresh Congress!
October 24, 2008
Senator McCain, if elected, will need a constitutional amendment limiting congressional terms.
McCain likes to talk about reaching across the aisle to work with the other side.
But —
How could he possibly reach across the aisle to work with the likes of Pelosi, Reid and Obama? No, he could not.
But with a Congress devoid of career politicians, yes he could. Why? Because the makeup of Congress will then be the kind of people who go to Washington to serve. Meaning, to serve their neighbors and their country instead of themselves.
When the objective is service instead of self-service as we have now, party differences can be subordinated to the common objective of service to the country.
The common objective will be the common good. Will there be differences of opinion? Of course. Honest differences. Even families have honest differences of opinion.
A very welcome byproduct of term limitation will be that leadership can then be chosen by merit rather than by seniority.
Dr. Leo Richard is Vice Chairman of Citizens for Term Limits. A deep thinker and student of the markets extraordinaire, Dr. Richard tells us that that constitutional amendment is the first step toward monetary reform — that is to say a return to the gold standard stolen from the nation over 75 years ago by Franklin D. Roosevelt. (See our link titled Forgotten Anniversary Haunts the Nation by Antel E. Fekete.)
Had the nation been able to stay on the gold standard (without FDR’s treachery) certainly the agony of recent months would never have occurred.
Think of sub-prime mortgages, homes lost, unemployment, bank failures, Fannie May and Freddie Mac.
A gold standard wold certainly have kept the Federal Reserve from creating trillions of dollars out of thin air.
When the “price” of gold is discussed the meaning is a long way from the value of the metal. Why? Because price is actually a reflection of the value of the currency measuring it. Today’s U. S. Dollar is worthless. How can it be otherwise when the Federal Reserve prints trillions of them at will. We are fooling ourselves (and being misled by our government) if we believe otherwise.
This explains how long-time American corporations are being bought up by foreign companies. Who would have thought that the very symbol of beer in America, Anheuser Busch, would have been bought out by a Belgian firm — doubtless wanting to act before we as a nation discover that our dollar no longer has value.
Richard Russell, editor of the Dow Theory Report, is on record as believing that the “price” of gold and the Dow Jones Industrial will intersect — gold ascending, and the Dow descending.
All of which could have been avoided had we stayed on a gold standard.
This is all history.
But future history can only be changed by constitutionally mandated congressional term limits.
For the future of our country, our innocent children and their unborn issue.
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