Why would they want to do that?
It will turn the state into Zimbabwe, but that's long-term thinking.
“Why would they want to do that?”
So the states won’t have to collapse when the Fed Govt goes full Weimar.
> Why would they want to do that? <
I think at least the title is clickbait. The Constitution is clear. States cannot coin their own money. Article I, 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.”
What the article is exactly referring to I’m not sure. I tried to read the whole thing, but it gave me a headache.
It was done during the depression.
more appropriately...why WOULDN’T they want to do that? the Federal government has been taken over by those who absolutely HATE the Freedoms afforded by our Constitution and Bill of Rights as written so for literally DECADES they have lied, cheated, stolen, abrogated and obfuscated the truth that Our Founding Fathers tried to impart to us that would ultimately protect the typical American citizen from financial ruin. “What you do now lays the foundation for what happens to you next” is as true now as it ever was. saying by L.Star.
They don’t. The article is nonsense. The case did not say that at all. The Constitution expressly gives that power to Congress and there are already cases on the books that hold that Congress has the exclusive power to issue money.
They didn’t. This article is pure bunk using the first page of a SCOTUS decision on whether federally chartered banks have to pay interest on mortgage escrow accounts as required by New York law but not federal law to make claims that are totally specious.
I would never use this website again as a source of information about SCOTUS decisions. They are completely dishonest gaslighters.
“Why would they want to do that?”
It’s the first, of many steps, needed for a state to detach from the Leftists embedded in DC. With this, both credit and debit cards could be issued.
But MANY MORE steps needed!
The first step to secession is having your own stable currency. It’s what brought the Confederate States down they didn’t have a stable to trade on the world stage with. States that have their own gold of silver backed banking system can cut ties with the criminal Fed when the time comes. This a huge win for state sovereignty.
To have a currency that is not able to be printed and devalued by Joe Biden .