Our current monetary system is unconstitutional because only Congress has the authority to coin money, not a cartel of private banks.
Here is my plan:
1. Immediately repeal or nullify all legal tender laws except for gold and silver coins at the state level.
2. All contracts made in Federal Reserve Notes, past, present and future would remain legally valid except securities purchased from the Federal Government and currently held by the Federal Reserve Banks would be immediately declared void.
3. Abolish the Federal Reserve and its Board of Governors by repealing the Federal Reserve Act.
4. It may be necessary to temporarily fold portions of the Federal Reserve System into the Treasury Department. Federal Reserve notes will continue to pass out of existence as bank loans are paid off.
5. Increase the Federal production of gold and silver coins.
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