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For IMMEDIATE RELEASE
For more info CONTACT:
Bill Still 540.664.4224
Journalist, author and award-winning documentary film director, Bill Still, announced today on radio station KTKK out of Salt Lake City, Utah that he will seek the nomination of the Libertarian Party for President of the United States. He says he is currently in discussions with potential running mates.
“My platform centered like a laser beam on the monetary reform issue,” said Still. “This is the root cause of all our economic problems today and until this is addressed, no amount of stimulus or austerity will fix the U.S. economy. The Republicans and Democrats are barking up the wrong trees. As the great populist of the 1896 Presidential election campaign, William Jennings Bryan, put it in his famous "Cross of Gold" speech:
“We say in our platform that we believe that the right to coin money and issue money is a function of government. We believe it. We believe it is a part of sovereignty….
“Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.
“When we have restored the money of the Constitution, all other necessary reforms will be possible, and that until that is done there is no reform that can be accomplished.”
Still has already picked up support amongst the Libertarian delegations in Pennsylvania, Massachusetts, and Utah. “We may well be the front-runners going into the Libertarian Party National Nominating Convention on May 2-6, 2012 in Las Vegas.”
According to Still, who wrote and directed the 1996 classic, The MoneyMasters, the 2010 award winning documentary The Secret of Oz, and the 2011 book, No More National Debt, “Simply ending the Fed, won’t fix this. As Prof. Milton Friedman told me, ‘If you end the Fed and do nothing about fractional reserve lending, you’ve done nothing.’”
“My proposal is very simple,” said Still. “It is really nothing new – just rediscovered at this critical juncture in U.S. history. As Professor Irving Fisher of Yale University explained it in his 1936 book, 100% Money:
“Nationalize money, but do not nationalize banking.”
“Here are the two inviolable pillars upon which any true reform of our economic system must rest,” said Still:
Pillar #1: End government borrowing. A sovereign nation does not have to borrow, in fact, being debt-free is the very definition of sovereignty. Pay off the existing bonds -- which is our National Debt -- as they come due, but pay them off with debt free U.S. Notes (or their electronic equivalents) instead of Federal Reserve Notes, which are all borrowed into existence.
Please see my short (3 min 54 sec) YouTube on this topic:
Pillar #2: Banks should only be able to lend money they actually have. This is called “full-reserve” banking. Before the crash, commercial banks were lending out between 10 and 300 times the amount of money they actually had. Therefore, they are in complete control of the American money supply, instead of we, the people being in control as is called for in Article 8:
“The Congress shall have Power To … coin Money, [and] regulate the Value thereof….”
Please see my short (5 min) YouTube on this topic:
A YouTube of Still’s latest documentary can be found at: http://www.youtube.com/watch?v=6cq9yEVcGIU