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To: eyeamok

Seems some of our peeps need a Constitutional refresher, mine doesn’t have a FED but Def gold and silver


12 posted on 12/19/2015 1:46:33 PM PST by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: i_robot73

“Seems some of our peeps need a Constitutional refresher, mine doesn’t have a FED but Def gold and silver”

You’re confusing two unrelated issues.

Congress wrote the legislation that allowed banks to incorporate. Congress wrote the legislation that created a lender of last resort out of a consortium of banks e.g. the Fed.

FDR, Nixon, and various Congresses abrogated the gold standard for the US dollar. The Fed had no say in whether or not the dollar is exchangeable for gold. Any complaints about the current lack of a specie standard for US money needs to be aimed at Congress and the President.


19 posted on 12/20/2015 10:35:25 PM PST by Pelham (Muslim immigration...the enemy is inside the wire.)
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