You are aware I hope that the only thing federal about the Federal reserve banks is the word federal in the name.
They are PRIVATELY owned.
The Constitution provides for the CONGRESS “to coin Money, regulate the Value thereof, and of foreign Coin,...”.
Doesn’t say a word about delegating that authority to privately owned banks anywhere.
Agreed. It does not provide any direction on the matter either. The 10th, again, is trumped by the IC clause?
“Doesn’t say a word about delegating that authority to privately owned banks anywhere.”
You’re right, it doesn’t, yet, we have done just that. They decide through the federal reserve how much money to print and coin and how much to offer out of thin air to produce as “credit” to loan to other banks. They completely control the money supply.