No, I think I have the problem licked fairly well:
1) Congress, having NO authority to delegate that which We the People gave it, like many other areas/agencies/departments/etc., abrogated their responsibility by ‘creating’ a non-govt entity from which we borrow, with interest, fiat ‘money’.
2) Presidents, having ZERO authority over the monetary system, arbitrarily decided to illegally/unconstitutionally take the U.S. off the gold standard [from where this idea originated, aside from FDR’s hind-quarters, is beyond me...].
3) Coupled, the Socialists/Left (I repeat myself), along with their ‘conservative’ (R) quislings, have been allowed to turn our Republic into a ‘Democracy’, creating programs/agencies/departments from the ether, inverting the Federalism principles of our Founding, stripping the People of their Rights, Liberty and Freedom while creating economic slaves of the same.
Seems pretty crystal. But, I’m at least open to hear where I might be ‘off’.
“1) Congress, having NO authority to delegate”
Congress has the authority to charter banks. The Continental Congress charted the Bank of North America in 1781. The US Congress chartered the First Bank of the Untied States in 1791. Congress has the authority to regulate the practices of banks. They have the authority to create a consortium of banks to act as lender of last resort to the banking system.
” ‘creating’ a non-govt entity from which we borrow, with interest, fiat ‘money’.”
We don’t “borrow money” from the Fed. It is impossible to “pay interest” on the money that we use even if someone wanted to do it. You don’t write a check to the Fed. The only payment you make that goes to interest is the one that you write to the IRS. That pays interest on the national debt, which is created by Congress and issued by the Treasury. The Fed doesn’t ‘create’ money, it monetizes Treasury debt. And Americans have always used fiat money, in the 1800s it was issued as currency by private banks.
“2) Presidents, having ZERO authority over the monetary system,”
Congress is involved, the Legal Tender Act. Lincoln issued millions of dollars of fiat currency, Greenbacks. They continued in existence as the US Note issue until 1971 right alongside Silver Certificates and Federal Reserve Notes.