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To: UnsinkableMollyBrown

Since this will be a State/city debt you can request payment in gold or silver as stipulated under the U.S. Constitution:

Article 1, Section 10, Clause 1:

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; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

Since the legal tender value of a 1 ozt silver eagle is $1, or a 1 ozt gold eagle is $20 then they have to pay the legal tender value.

Or you can take payment in debt currency that has no defined value and loses it’s purchasing power on a daily basis, your choice.


21 posted on 08/15/2007 4:50:40 PM PDT by Duke Phelan (Save the cheerleader, save the world.)
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To: Duke Phelan; Fan of Fiat
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

The state is not "making" the legal tender, they're just using what Congress calls legal tender. Nice try.

Or you can take payment in debt currency that has no defined value and loses it’s purchasing power on a daily basis, your choice.

Because gold didn't fluctuate. Gold bugs are funny!

23 posted on 08/15/2007 4:59:49 PM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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