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Goldwater page 98

 Reply by Mangus Colorado, Moderator on November 11, 2011 at 4:53pm
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Permalink Reply by Mangus Colorado, Moderator on November 11, 2011 at 4:56pm
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Permalink Reply by Mangus Colorado, Moderator on November 11, 2011 at 5:37pm
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Permalink Reply by Mangus Colorado, Moderator on November 11, 2011 at 5:38pm
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The Constitutional Topics pages at the USConstitution.net site are presented to delve deeper into topics than can be provided on the Glossary Page or in the FAQ pages. This Topic Page concerns The Preamble. The first paragraph of the Constitution provides the context for the Constitution — the "why" of the document.
The Constitution was written by several committees over the summer of 1787, but the committee most responsible for the final form we know today is the "Committee of Stile and Arrangement". This Committee was tasked with getting all of the articles and clauses agreed to by the Convention and putting them into a logical order. On September 10, 1787, the Committee of Style set to work, and two days later, it presented the Convention with its final draft. The members were Alexander Hamilton, William Johnson, Rufus King, James Madison, and Gouverneur Morris. The actual text of the Preamble and of much of the rest of this final draft is usually attributed to Gouverneur Morris.
The newly minted document began with a grand flourish — the Preamble, the Constitution's raison d'être. It holds in its words the hopes and dreams of the delegates to the convention, a justification for what they had done. Its words are familiar to us today, but because of time and context, the words are not always easy to follow. The remainder of this Topic Page will examine each sentence in the Preamble and explain it for today's audience.
We the People of the United States
The Framers were an elite group — among the best and brightest America had to offer at the time. But they knew that they were trying to forge a nation made up not of an elite, but of the common man. Without the approval of the common man, they feared revolution. This first part of the Preamble speaks to the common man. It puts into writing, as clear as day, the notion that the people were creating this Constitution. It was not handed down by a god or by a king — it was created by the people.
in Order to form a more perfect Union
The Framers were dissatisfied with the United States under the Articles of Confederation, but they felt that what they had was the best they could have, up to now. They were striving for something better. The Articles of Confederation had been a grand experiment that had worked well up to a point, but now, less than ten years into that experiment, cracks were showing. The new United States, under this new Constitution, would be more perfect. Not perfect, but more perfect.
establish Justice
Injustice, unfairness of laws and in trade, was of great concern to the people of 1787. People looked forward to a nation with a level playing field, where courts were established with uniformity and where trade within and outside the borders of the country would be fair and unmolested. Today, we enjoy a system of justice that is one of the fairest in the world. It has not always been so — only through great struggle can we now say that every citizen has the opportunity for a fair trial and for equal treatment, and even today there still exists discrimination. But we still strive for the justice that the Framers wrote about.
insure domestic Tranquility
One of the events that caused the Convention to be held was the revolt of Massachusetts farmers known as Shays' Rebellion. The taking up of arms by war veterans revolting against the state government was a shock to the system. The keeping of the peace was on everyone's mind, and the maintenance of tranquility at home was a prime concern. The framers hoped that the new powers given the federal government would prevent any such rebellions in the future.
provide for the common defence
The new nation was fearful of attack from all sides — and no one state was really capable of fending off an attack from land or sea by itself. With a wary eye on Britain and Spain, and ever-watchful for Indian attack, no one of the United States could go it alone. They needed each other to survive in the harsh world of international politics of the 18th century.
promote the general Welfare
This, and the next part of the Preamble, are the culmination of everything that came before it — the whole point of having tranquility, justice, and defense was to promote the general welfare — to allow every state and every citizen of those states to benefit from what the government could provide. The framers looked forward to the expansion of land holdings, industry, and investment, and they knew that a strong national government would be the beginning of that.
and secure the Blessings of Liberty to ourselves and our Posterity
Hand in hand with the general welfare, the framers looked forward to the blessings of liberty — something they had all fought hard for just a decade before. They were very concerned that they were creating a nation that would resemble something of a paradise for liberty, as opposed to the tyranny of a monarchy, where citizens could look forward to being free as opposed to looking out for the interests of a king. And more than for themselves, they wanted to be sure that the future generations of Americans would enjoy the same.
do ordain and establish this Constitution for the United States of America
The final clause of the Preamble is almost anti-climactic, but it is important for a few reasons — it finishes the "We, the people" thought, saying what we the people are actually doing; it gives us a name for this document, and it restates the name of the nation adopting the Constitution. That the Constitution is "ordained" reminds us of the higher power involved here — not just of a single person or of a king, but of the people themselves. That it is "established" reminds us that it replaces that which came before — the United States under the Articles (a point lost on us today, but quite relevant at the time).

Permalink Reply by Mangus Colorado, Moderator on November 11, 2011 at 5:41pm
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Adam Smith, in his seminal work The Wealth of Nations, described wealth as "the annual produce of the land and labour of the society". This "produce" is, at its simplest, that which satisfies human needs and wants of utility. In popular usage, wealth can be described as an abundance of items of economic value, or the state of controlling or possessing such items, usually in the form of money, real estate and personal property. An individual who is considered wealthy, affluent, or rich is someone who has accumulated substantial wealth relative to others in their society or reference group. In economics, net wealth refers to the value of assets owned minus the value of liabilities owed at a point in time.[citation needed] Wealth can be categorized into three principal categories: personal property, including homes or automobiles; monetary savings, such as the accumulation of pastincome; and the capital wealth of income producing assets, including real estate, stocks, bonds, andbusinesses.[citation needed] All these delineations make wealth an especially important part of social stratification. Wealth provides a type of safety net of protection against an unforeseen decline in one’s living standard in the event of job loss or other emergency and can be transformed into home ownership, business ownership, or even a college education.[5][not in citation given]
'Wealth' refers to some accumulation of resources, whether abundant or not. 'Richness' refers to an abundance of such resources. A wealthy (or rich) individual, community, or nation thus has more resources than a poor one. Richness can also refer to at least basic needs being met with abundance widely shared. The opposite of wealth is destitution. The opposite of richness ispoverty.

Permalink Reply by Mangus Colorado, Moderator on November 12, 2011 at 8:58am
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Permalink Reply by Mangus Colorado, Moderator on November 13, 2011 at 12:06pm
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This is a very good resource site with many links identified - have fun -


Permalink Reply by Mangus Colorado, Moderator on November 17, 2011 at 5:32pm
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Permalink Reply by lisa kit on November 19, 2011 at 11:53am
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Been keeping up w/ Max for a while, here is a great guest in the second half.  Explains how the banks REALLY dug their hole, and the loopholes they get to exploit.
Permalink Reply by Mangus Colorado, Moderator on November 19, 2011 at 12:30pm
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Interesting but like all views into the banking world - the Fed does not own the assets they loan on them at the discount window. the system is setup to keep liquidity in the banking system to support growth in the economy and to keep credit open and available.
Permalink Reply by Mangus Colorado, Moderator on November 20, 2011 at 11:48am
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Charles,

The author of the article is just not correct and he does not understand the FEDERAL RESERVE BOARD controls the money supply an they are a 100% wholly owned agency of the United States Treasury which is a agency created and managed by the Congress which collects all profits except a 6% on the amounts that the member banks have deposited as required reserves. 

I will bold the errors and then give sources to prove he is just wrong and playing into the OWS mentalist belief that banking is a evil cabal of a few individual that control it all. I have gone through this same issue hundreds of times. The FEDERAL RESERVE BANKS are owned by the member banks and not individuals - they do not print the currency the US mint does that under directions from Congress through the Treasury Department.

And the U.S. government would still be massively in debt.
So why doesn't the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?
Well, for one very simple reason.
That is not the way our system works.
You see, for more dollars to enter the system, the U.S. government has to go into more debt.

[wrong - congress could simply print more currency and not borrow a penny by passing the laws needed to direct the Treasury and the mint]
The U.S. government does not issue U.S. currency - the Federal Reserve does.
The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers. [Again this is not true, the Federal Reserve BANKS [12] are private and owned by the members banks]
If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.
It belongs to the Federal Reserve. [Which belongs to the U.S. government]
The U.S. government cannot simply go out and create new money whenever it wants under our current system. [It owns the federal reserve board]
Instead, it must get it from the Federal Reserve.
So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.   
The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days). [Again - a smoke screen, congress has the power under the Article I section 8 enumerated powers to coin [print issue] money, currency] The Federal Reserve in the statement is a 100% owned agency of the Federal Government and under the management of Congress like the IRS]


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