Date

Washington office

Dear Senator X or Representative X,

According to this web site, http://www.treasurydirect.gov/NP/BPDLogin?application=np, the national debt on 3/17/08 was $9,379,249,299,253.81. This website,

http://www.treasurydirect.gov/NP/BPDLogin?application=np, list the interest expense on this debt for the first five months of FY-2008 as $198,517,767,159.16. Apparently, since we have a debt, we probably borrowed the funds to pay this interest. This makes no sense at all.

Our Constitution, in a portion of Article 1, Section 8, states “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. President Kennedy, on June 4, 1963, signed Executive Order 11110 that would allow the U.S. Secretary of the Treasury to issue silver certificates. The currencies we use, Federal Reserve Note (FRN), are backed by nothing. I believe these backed by nothing FRNs are responsible for the rapid decline of the dollar against other currencies and the increasing cost of necessities.

My questions for you are:

1) Why, since the Constitution and Executive Order 11110 allow our government to issue currency backed by silver, are we allowing a private bank, the “Federal Reserve System” to issue FRNs backed by nothing?

2) What is your plan to restore confidence in our currency by backing the dollar with something of value?

Sincerely,

CC local office