How To Get Back To Sound Money.....Parts 2-5

2. Freeze the present supply of Federal Reserve Notes, except for what will be needed in step number six

3. Define the "real" dollar in terms of precious metal content, preferably what it was in the past: 371.25 grains of silver. It could be another weight of silver or even another metal, but the old silver dollar is a proven winner.

4. Establish gold as an auxiliary monetary reserve which can be substituted for silver, not at a fixed price ratio, but at whatever ratio is set by the free market. Fixed ratios always become unfair over times as the prices of gold and silver drift relative to each other. Although gold may be substituted for silver at this ratio, it is only silver that is the foundation for the dollar.

5. Restore free coinage at the US Mint and issue silver "dollars" as well as gold "pieces". Both dollars and pieces will be defined by metal content, but only the coins with silver content can be called dollars, half-dollars, quarter-dollars, or tenth-dollars(dimes). At first, these coins will be derived only from metal brought into the Mint by private parties. They must not be drawn from the Treasury's supply which is reserved for use in step #6.