Lisa Mei Crowley @lisamei62
Fake followers, fake voters, fake White House, fake vaccine....
Fake President.
Currency and financial stuff is beyond my ken.
All I knows is the Constitution says it is Congress’ duty to issue coins. Seems that the Federal Reserve is totally unconstitution. Let me look...
https://www.law.cornell.edu/constitution-conan/article-1/section-8/clause-5/coinage-power
ArtI.S8.C5.1 Coinage Power
Article I, Section 8, Clause 5:
[The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . .
Because Article I, Section 10, Clause 1 of the Constitution prohibits the States from coining money,1 the Supreme Court has recognized Congress’s coinage power to be exclusive.
2 The Supreme Court has also construed Congress’s power “to coin money” and “regulate the value thereof” to authorize Congress to regulate every phase of currency. Congress may charter banks and endow them with the right to issue circulating notes,
3 and it may restrain the circulation of notes not issued under its own authority.4 To this end it, may impose a prohibitive tax upon the circulation of notes of state banks5 or municipal corporations
.6 Inasmuch as “every contract for the payment of money, simply, is necessarily subject to the constitutional power of the government over the currency, whatever that power may be, and the obligation of the parties is, therefore, assumed with reference to that power,”
7 the Supreme Court sustained the power of Congress to make Treasury notes legal tender in satisfaction of antecedent debts.
[More esp re: SCOTUS decisions at link]
Lisa Mei Crowley @lisamei62
Fake followers, fake voters, fake White House, fake vaccine....
Fake President.
I have never seen so many opinions on a single topic as one finds on the future of our currency.Its indeed mind boggling.