 Silver's
Three Flags
Hugo Salinas
Price
Asociación Cívica Mexicana Pro Plata, A.C.
Archives
20 December, 2004
This article,
translated by the author, appeared in Spanish on the 11th of
December, 2004, in "La Jornada," a Mexico City newspaper.
Silver as a vehicle for popular savings, has turned out to be
a very effective flag that has gathered support amongst the principal
Mexican political parties, which in everything else are deeply
at odds with one another.
This past 30th of November, the 31 governors of all the states
that make up the Mexican Republic sent a communiqué to
the "Ways and Means" Committee of the Mexican House
of Representatives, in which they expressed their unanimous approval
of the monetization of silver and urged the Committee to approve
a bill which aims to achieve precisely this objective.
176 Mexican newspaper writers put their signatures to full page
declarations by the Journalists' Club in the main newspapers
of Mexico City, also in support of the monetization of the "Libertad"
silver ounce.
A permanent organization of ex legislators also expressed their
support for the measure in favor of the monetization of silver.
A poll by national T.V. Azteca, revealed that 96% of viewers
approved of the monetization of the silver ounce, when asked
if they were, or were not, in favor.
The Bank of Mexico, Mexico's Central Bank, is adamantly opposed
to this measure. It does not want the public to have the opportunity
of saving in monetized silver. It wants to maintain its unblemished
monopoly on the printing of Mexico's money, which has no intrinsic
value, and does not want the public to have any alternative for
its savings, other than bills or bank deposits.
The Bank of Mexico sent a group of twelve men to the meeting
of the Ways and Means Committee on the 30th of November, in order
to confuse and cow the members of this committee, and forestall
a favorable vote on the bill to monetize silver.
We do not know how the members of the Committee will cast their
decisive vote, when the time comes.
Even in case their vote should be negative, we can predict, by
the support given to this reasonable and salutary measure in
the interest of Mexico, that the idea of monetizing silver will
not die. The idea of using silver as money that cannot be devalued,
for savings by the people, is now firmly rooted in the public
conscience of Mexico. An idea on the march is a force that does
not die easily. Suppressed, it will only gather more strength.
Such is the history of all ideas. But silver flies another, more
important flag.
In the mid-19th Century, when modern Italy had not yet taken
shape and was still under the domination of Austria-Hungary,
there was sown the idea that Italy should be reborn as a united
and self-governed State, and that the domination of Austria-Hungary
should be expelled.
Garibaldi came forward as a leader of this "resurgence"
of the Italian fatherland. A young composer, Giuseppe Verdi,
composed an opera to symbolize Italy under the heel of Austria-Hungary:
Nabuco was its name. The Hebrews captured by Nabuco, the Babilonian
king, symbolized the Italians under the rule of Austria-Hungary.
One hymn of this opera was so moving, that it spread like wildfire
among the population. It became impossible to frustrate the resurgence
of Italy. Verdi's hymn is, to this day, the national anthem of
Italy.
This is silver's second flag: national union, with a consciousness
of our own worth, our own culture and our independence. A national
consolidation will take place when we once again take up silver,
our ancestral money.
However, there is another still greater flag for silver:
Silver turned into Mexican money, circulating in parallel with
paper money, no matter how insignificant the importance of that
small amount of silver in the nation's economy, means that Mexicans
will always remember that silver can actually be used as real,
honest money. And that as the years pass, it will always be there,
inviting us to use it in the most dangerous and dark times that
may come.
Silver in circulation will serve to remind us that it is possible
for a society to use silver and benefit from the use of real
money, honest money.
Otherwise, it is possible that we may forget this, as has happened
to many nations in the world. When Mexico monetizes silver, it
will become a lighthouse of hope for the world, a light that
shows the way out of the swamp of slavery and perpetual impoverishment
that comes with paper money. Paper money, which is today the
only kind of money in the world, ensures economic and therefore
political control over the populations that use it. The planet's
banking caste that issues paper money and virtual, electronic
money, threatens to become the sovereign power through the fictitious
money it issues, and aspires to dominate all humanity.
The outcome of paper money is the dehumanization of the human
race.
This is silver's third and most important flag: the cause of
humanity.
Silver's flags, therefore, are three:
The flag of
people's savings.
The flag of
national union.
The flag of
the preservation of men, from dehumanization.
The silver coin as money: an idea that has taken life and will
not be suppressed.
17
December 2004
Hugo Salinas Price, President
Asociación Cívica Mexicana Pro Plata, A.C.
Email: 254hsp@elektra.com.mx
Website:
http://www.plata.com.mx
This article,
translated by the author, appeared in Spanish on the 11th of
December, 2004, in "La Jornada," a Mexico City newspaper.
321gold Inc
Miami USA
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