Letter: Raising our standards

Re: ‘Follow the money’ (Metro, Jan. 16)

Letter writer David Snieckus points to the Federal Reserve. However, this system did work until first President Franklin Delano Roosevelt removed the gold backing from each dollar. Kennedy decoupled the silver as a reserve supporting the dollar and then President Lyndon Johnson did away with silver coins by signing the 1965 Coinage Act — an act that had gone unchanged since 1792. Johnson boasted of the event, commenting on the 172 years it had been honored and respected.

Today the coinage and paper money have a value, but ask yourself: Would you prefer a pocket with coinage of real value or a pocket with bonded alloys of aluminum and copper? And never let someone tell you this doesn’t matter.

Michael Treacy, via email


News
Entertainment
Sports
Lifestyle
Local

'Five Star': A coming-of-age story about Brooklyn's gang…

'Five Star' tells a coming-of-age story about Brooklyn's gang culture at the Tribeca Film Festival.

National

New statue of Penn State's Paterno set for…

By David DeKokHARRISBURG, Pennsylvania (Reuters) - Fundraising for a new statue depicting Joe Paterno "as the man he was and not Joe the football coach"…

Local

NYPD detective shoots partner: DA

A New York City Police detective was arrested early Thursday and charged with driving under the influence while on the clock.

Local

Judge strikes down NY limits on donations to…

A federal judge on Thursday reluctantly struck down New York's limits on donations to independent political action committees as unconstitutional, potentially ushering in a new…

Movies

Tribeca: 'Goodbye to All That' star Paul Schneider…

Paul Schneider talks about his new film "Goodbye to All That," not acting too much and how he'd rather indulge in simple pleasures than play the scene.

The Word

Taylor Swift battles paparazzi daily at Tribeca penthouse

We're entranced by these photos of poor Taylor Swift leaving her Tribeca apartment.

Movies

'A Brony Tale' documents men who are into…

Ashleigh Ball, a voice actress on "My Little Pony," speaks to us.

Movies

Tribeca: Nikki Reed on going funny for a…

"Intramural" star Nikki Reed talks about being the straight person in a broad comedy, spending time in Austin and how "Thirteen" was a "miracle."

NBA

Nets excited for Brooklyn fans to bring the…

Kevin Garnett has definitely used profanity while trash talking or in practices, but never to describe an entire borough.

NHL

Rangers turn up shot blocking in Game 3…

Game 3 of the Rangers-Flyers opneing round series was not a return to John Tortorella hockey.

NFL

2014 NFL Mock Draft: Updated, new April 24…

2014 NFL Mock Draft: Updated, new April 24 version

MLB

5 infamous pitcher ejections for cheating

Never fear Yankees fans, Michael Pineda is far from the first MLB pitcher to be thrown out of a game for cheating.

Parenting

New study: Inside the wage gap between boys…

According to a new study, there's a wage gap between boys and girls, with boys earning more allowance for less chores.

Tech

From Apple TV to Fire TV, big changes…

Apple is set to launch a new generation of it's Apple TV, which grossed over $1 billion in 2013. But competition from Amazon and Google looms.

Style

Katy Perry releases a new Claire’s collection

Katy Perry expands her empire by releasing an accessories collection at Claire's.

Style

MAC & Proenza Schouler collection unveiled

MAC Cosmetics is releasing a new collection with Proenza Schouler.

Comments

1

  1. n response to the two e-mail letters from John Mclaughlin and Michael Treacy in Metro, January 21, 2014 I think America is great and our standards can continually rise. I think most Americans are doing what they can when they can. I have been fortunate enough to write letters to my State and Federal Representatives. various media editors and friends hoping to influence them in my way of thinking. Some agree and some don’t with my beliefs. Some take action and some don’t . That’s just the way it is. For example, in my recent letter to Janet Yellen, soon to be Chairperson of the Federal Reserve, (letter below) I have asked her to consider having the US Treasury issue our currency/money rather than borrow it. That’s where my focus is now and hope the editors of Metro will consider a column to the education necessary for the readers to understand why our money needs to be issued rather than borrowed and maybe a few will stand up and keep raising our standards to keep America Great.


    David Snieckus
    617-964-2951

    Letter to Janet Yellen Here:…and attached is chapter 6 of Sacred Economics by Charles Eisenstein who by the way will be in JP on Sunday, January 26th at the Church on Eliot Street

    David Snieckus

    99 Crescent Street

    Newton, MA 02466

    617-964-2951

    January 17, 2014

    Janet Yellen, Vice-Chair (Soon to be Madam Chairperson)

    FEDERAL RESERVE

    20th Street and Constitution Avenue N.W.
    Washington, D.C. 20551

    Dear Vice-Chairperson Janet Yellen,

    From TIME, January 20, 2014 issue, I learned from Rana Foroohar, the author of Madam Chairman, pages 22-28, a few wonderful things about you that I would like to address, namely

    · Your interest in math

    · Your realization that public policy could have been used to address problems during the Great Depression to alleviate all that human suffering

    · What economics should be…. “About caring for real people”….

    · Your eagerness to question and seek the truth

    · Your kitchen table realism and favoring of independent thinking

    1) Your interest in math should lead you to the inevitable conclusion that borrowed money that demands

    a periodic principal and interest payment can never, collectively, be paid since money to pay the

    interest is not issued into the system.

    2) Eliminating usury, imposed by private banks, in essence, is the public/private policy that could

    alleviate the human suffering that existed during the Great Depression and that exists now.

    3) To reduce unemployment and stimulate the economy, the US Treasury could issue money vs.

    borrow it from the Federal Reserve at interest, which increases the National debt. Your leadership

    of the Federal Reserve could help make this happen!

    In my humble opinion, caring for people involves caring for ALL people. To do that, I believe the US

    Treasury issuing interest free money is the answer rather than the U.S. Treasury borrowing debt-based

    money from the Federal Reserve.

    I look forward to hearing from you with your thoughts regarding how to best establish a healthier and more equitable monetary system.

    Sincerely and Healthfully,

    David Snieckus

    P.S. Enclosed is Chapter 6 of Sacred Economics by Charles Eisenstein that I think you would enjoy.
    [Word] Give me a call if you want me to send you Chapter 6 of Sacred Economics….david 617-964-2951