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 ...
A distinction without a difference.
Correct. And davikkm posts, I mean pimps, their drek all the time...
They can demand a higher price.
If you were converting, the state would have to exchange a set amount of currency/gold for a set amount of gold/currency.
I want balkanization. That’s the only way to be free of the left and the tyrants that vote for them.
https://mises.org/mises-wire/break-usa
Mises Institute. Been a while since I’ve seen that referenced. That’s a bit anti-American, destructive, and just as objectionable and dead on arrival now as it was years ago. European intellectual theories have little relevance to the US unless you want to undermine us.
Conversions for 99% of us are done by banks, and they charge a fee, and they set the fee price. If you are unwilling to pay the fee, you don’t get converted, so they wouldn’t have to sell you a state currency for fiat currency either unless it is on their terms.
Again, a distinction without a difference.
That's not a commodity backed currency.
You do realize the Founding Fathers derived their principles from European intellectual ideas, right?
Say what?
They have to be gold & silver backed if the story is correct.
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