For media inquiries contact Bill Zachary (917) 733-3038

W Ketchup Urges Americans to Defeat Obamacare by Buying Gold

Eagle Bridge, NY — April 28, 2010 — In the Coinage Act of 1792, the first Congress of the United States fixed the value of a dollar to 24.725 grains of gold, valuing gold at $17.67 per ounce. Under the Act, the government was required to exchange dollars for gold, and gold for dollars, for the public on demand at the fixed price at no cost. Section 19 of the Act declared that any person who debased the coinage “shall be deemed guilty of a felony, and shall suffer death.”

From 1792 to 1933, Americans were free to choose if they wanted to hold dollars or gold. During times of responsible government, most people choose the convenience of dollars, secured by the promise of government to convert their dollars back to gold on demand. During deficit spending of irresponsible government, nervous citizens would quickly exchange their dollars for gold, which would drain the capital reserves of the Treasury and the banking system. In order to entice people not to demand more gold, the Treasury would be forced to raise interest rates, in effect paying people for the risk of holding dollars. The more irresponsible the government, the higher interest rates would need to climb to keep the state solvent.

When governments engage in deficit spending, they require low interest rates to keep interest payments manageable. High interest rates require greater interest payments on the same amount of debt, and negate the ability of politicians to increase spending. Thus the people, operating through the free market, could control the size of government.

According to Bill Zachary, Chairman of W Ketchup: “The gold standard of the 19th century was an elegant system founded on individual liberty designed to maintain limited government by keeping state spending in check. Disorganized individuals could defeat organized government factions simply by redeeming their dollars for gold and starving the state of capital. Limited government enforced by the gold standard was a primary cause of America’s rapid rise to economic greatness.”

In 1793, during the Reign of Terror of the French Revolution, Robespierre made possession of gold punishable by death. In 1917, during the Russian Revolution, the Bolsheviks confiscated all private gold for the benefit of the state. In the 1930s, the Nazis passed a series of laws confiscating gold from large segments of its population.

In 1933, the Democratic Party took control of the Federal government and criminalized individual ownership of gold, allowing massive expansion of the state. Government spending grew from 11% of the economy in 1929 to 40% by 2009. The Democratic Party, lead by President Obama, is currently increasing the size of government still further with initiatives such as Obamacare and the proposed Cap & Trade tax.

Dan Oliver, CEO of W Ketchup, exhorts all Americans to buy gold now, saying: “Although the United States is no longer on a gold standard, the economic principles remain unchanged. Every gold coin that an American buys puts upward pressure on the value of gold and downward pressure on the value of the currency — the exact same effect as during the gold standard. As more individuals convert their dollars, the Fed will either raise interest rates to protect the currency, or allow the value of the currency to plummet. Either path will bankrupt the state and end the forced march to socialism.”

Oliver continued: “We do not call on Americans to buy gold to seek speculative profit, but as a mechanism to preserve individual wealth and to drive a stake through the heart of the Leviathan. Our great nation was built on individual liberty and self-responsibility, including the duty for each American to understand basic monetary principles. The failure of the conservative movement to shrink Washington demonstrates the futility of trusting in politicians or political movements. Individuals at large buying gold forces the adoption of limited government through the free market. We view the impending collapse of the dollar as a repudiation of big government that will provide a foundation for the restitution of our founding principles.”

W Ketchup recommends all its customers keep a healthy supply of W Ketchup on hand at all times.

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W Ketchup donates a portion of every purchase to the Freedom Alliance Scholarship Fund, which helps fund college tuition for the children of America’s fallen heroes.

Founded in 2004, W Ketchup™ is a private company that makes ketchup in America solely from ingredients grown in the USA and does not support any liberal agendas. Unlike other leading brands, W Ketchup does not own any subsidiaries that harm dolphins. For more information contact 1-866-WKETCHUP, or write to 954 Lexington Ave, #236, New York, NY 10021-5013.

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