How Government Monetary Policies Hurt the Poor and Turn them Into Slaves of the State - Godfather Politics: The Constitution gives no governmental branch or independent organization (Federal Reserve System) the authority to tamper with weights and measures. The Federal government has authority “to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures” (Article 3, section 8). Article 1, section 10 makes it clear that to coin money means “gold and silver Coin,” commodities that cannot easily be debased (inflated):
“No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts. . .”
This section of the United States Constitution is ignored by our national and state governments. Debts no longer are paid with gold or silver. Paper Federal Reserve Notes are now “legal tender,” a clear violation of the Constitution.
See original work for more on this and other stories.
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.