The wonders of a fiat currency.
Isn’t OBAMUNISM great???
Fiscal Responsibility Amendment
Section I
The power of Congress to regulate the value of the dollar is hereby repealed.
Section II
The value of the Dollar shall be one fifteen-hundredth avoirdupois ounce of gold of which impurities do not exceed one part per thousand.
Section III
To guard against Congress using its authority over weights and measures to bypass Section I, the weight in Section II is approximately 28.3495 grams (SI).
Section IV
The Secretary of the Treasury shall annually report the gold physically in its possession; this report shall be publicly available.
Section V
The power of the Congress to assume debt is hereby restricted: the congress shall assume no debt that shall cause the total obligations of the United States to exceed one hundred ten percent of the amount last reported by the Secretary of the Treasury.
Section VI
Any government agent, officer, judge, justice, employee, representative, or congressman causing gold to be confiscated from a private citizen shall be tried for theft and upon convection shall:
a. be removed from office (and fired, if an employee),
b. forfeit all pension and retirement benefits,
c. pay all legal costs, and
d. restore to the bereaved twice the amount in controversy.
Section VII
The federal government shall assume no obligation lacking funding, neither shall it lay such obligation on any of the several States, any subdivision thereof, or any place under the jurisdiction of the United States.
Section VIII
The federal government shall make all payments to its employees or the several states in physical gold.