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To: Deuce
I think a constitutional agrument works here. The constitution reserves the right for the coining money and regulation of its value to the CONGRESS. That power was given to the federal reserve in 1913.

What we need to do is bring back the Bank of the United States...

28 posted on 04/09/2003 8:57:34 PM PDT by jd777
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To: jd777
The constitution reserves the right for the coining money and regulation of its value to the CONGRESS.

Agreed. Congress fulfilled that role with the Coinage Act of 1792, which has never been repealed, that defined the dollar as 412.5 grains of silver, 90% fine.

What we need to do is bring back the Bank of the United States...

Which bank are you referring to? The Bank of North America (under the Articles of Confederation)? The First United States Bank?

In any event, neither of these banks was publicly owned and heated debates in the H of R over the lack of constitutional basis for the First US Bank was ignored in order to favor special interests---no differently than was the Federal Reserve Act of 1913. For the Constitutional basis (lack thereof) for our money system I highly recommend: Pieces of Eight by Edwin Veiera Jr Esq. This 1600 page, 2 volume set with a 15 page Table of Contents is definitive, to say the least.

29 posted on 04/10/2003 6:44:47 AM PDT by Deuce
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To: jd777; stainlessbanner; 4ConservativeJustices; sheltonmac
What we need to do is bring back the Bank of the United States...

That's the last thing we need.

55 posted on 04/11/2003 10:53:11 AM PDT by billbears (Deo Vindice)
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