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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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To: Toddsterpatriot

But the State can’t make payment of debts with any THING but gold or silver coin.

If you people started demanding payment for property grabs by States then soon it will stop.

Gold doesn’t fluctuate, the value of a federal reserve note fluctuates in it’s ability to purchase gold. Gold is payment in full. An ounce of gold is an ounce of gold, no more no less, it doesn’t fluctuate.

A federal reserve note is a denomination of debt in garantee of payment at some future time in paper. It’s debasement by flooding the market in more paper, thus inducing inflation is legalized theft by stealing the purchasing power of a workers compensation for their time and labor.


30 posted on 08/15/2007 5:27:17 PM PDT by Duke Phelan (Save the cheerleader, save the world.)
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