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US Supreme Court allows 40 states to issue their own gold and silver-backed currencies, endorsing dual banking systems.
Citizen Watch Report ^

Posted on 06/10/2024 3:58:00 PM PDT by davikkm

So apparently the US Supreme Court has just given 40 US states the green light to begin issuing their own gold and silver-backed currencies.

Quote from the SC decision:

“The United States maintains a dual system of banking, made up of parallel federal and state banking systems. That dual system allows privately owned banks to choose whether to obtain a charter from the Federal Government or from a state government.”

www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf

(Excerpt) Read more at citizenwatchreport.com ...


TOPICS: Business/Economy; Government
KEYWORDS: banking; banks; blogkaren; blogpimp; court; currency; gold; money; scotus; stalkertroll; states; supreme
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To: Chode

It will, keep an eye on the rapid development of BRICS+ and the consequences for the dollar.


101 posted on 06/10/2024 9:19:44 PM PDT by Karl Spooner
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To: davikkm

As long as these state currencies are bak by ACTUAL gold and silver, this is a good thing. But remember, JFK had signed an EO to dismantle the Federal Reserve and we all know how that turned out for JFK. Upon taking office, President Johnson immediately reversed it.


102 posted on 06/10/2024 9:42:07 PM PDT by drypowder
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To: Billthedrill

I have a 1903 $5 gold piece $1300


103 posted on 06/10/2024 10:06:54 PM PDT by Keyhopper (Indians had bad immigration laws)
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To: Billthedrill

I have a 1903 $5 gold piece $1300. It’s about 3/8” diameter


104 posted on 06/10/2024 10:07:44 PM PDT by Keyhopper (Indians had bad immigration laws)
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To: Karl Spooner

*


105 posted on 06/10/2024 10:10:30 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Wallace T.

There’s not going to be a break up of the states. The US is going to a new Go!d backed monetary system very shortly.


106 posted on 06/10/2024 11:09:28 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Reno89519

Why should the states gleefully proceed down the path of destruction, if the federal government doesn’t abide by the Constitution?

The truth of the matter is, the Founders gave the right to the citizenry to abolish government when it goes tyrannical.....and that ship has already sailed.


107 posted on 06/10/2024 11:47:58 PM PDT by Salvavida
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To: Georgia Girl 2
The US is going to a new Go!d backed monetary system very shortly.

2025? 2030? 2130?

108 posted on 06/11/2024 5:07:19 AM PDT by Toddsterpatriot (TANSTAAFL)
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To: Toddsterpatriot

“Those aren’t convertible.”

Funny, I convert dollars to other currencies all the time when traveling.


109 posted on 06/11/2024 5:23:30 AM PDT by PTBAA
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To: Billthedrill
A five-dollar gold piece at today’s rate would be 1/465 of an ounce. I’m trying to visualize what that might look like...

Think Biden's brain, then quadruple the size.

110 posted on 06/11/2024 5:29:21 AM PDT by COBOL2Java (At the end of 2023, the country bounces along like Custer on the way to Little Big Horn)
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To: PTBAA
You want to buy a convertible currency with fed-fiat dollars, not "convert" them.
111 posted on 06/11/2024 5:58:49 AM PDT by Toddsterpatriot (TANSTAAFL)
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To: Leaning Right

I take that position also, but who is to say “MAKE” doesn’t mean manufacture and distribute???


112 posted on 06/11/2024 6:44:00 AM PDT by eyeamok
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To: Toddsterpatriot

I think very shortly after Trump comes back so likely 2025.


113 posted on 06/11/2024 7:51:56 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: davikkm

How did the Supreme Court get the authority to do that sounds fake.


114 posted on 06/11/2024 8:05:12 AM PDT by Vaduz
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To: Toddsterpatriot

The First Bank of the United States 1791–1811
Alexander Hamilton’s grand experiment in central banking began in 1791 to assist a post-Revolutionary War economy and ended 20 years later.

https://www.federalreservehistory.org/essays/first-bank-of-the-us

Founding of the OCC & the National Banking System

https://www.occ.treas.gov/about/who-we-are/history/founding-occ-national-bank-system/index-founding-occ-national-banking-system.html


115 posted on 06/11/2024 11:47:34 AM PDT by ChildOfThe60s ("If you can remember the 60s....you weren't really there")
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To: ChildOfThe60s
The First Bank of the United States 1791–1811

1791? Who was President? Who was in Congress?

116 posted on 06/11/2024 3:30:01 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: Georgia Girl 2

Thanks. We’ll have to revisit the issue when that doesn’t happen.


117 posted on 06/11/2024 3:32:37 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: Toddsterpatriot

More like when it does happen. 😏


118 posted on 06/11/2024 3:57:32 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Toddsterpatriot
1791? Who was President? Who was in Congress?

Look it up yourself. Is your mouse broken? Jeez

119 posted on 06/11/2024 4:11:51 PM PDT by ChildOfThe60s ("If you can remember the 60s....you weren't really there")
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To: ChildOfThe60s
Look it up yourself. Is your mouse broken? Jeez

I'll give you a hint, George Washington and the Founders.

120 posted on 06/11/2024 4:29:48 PM PDT by Toddsterpatriot (TANSTAAFL)
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