Fiat Empire - Why the Federal Reserve Violates the US Constitution (1 of 6)

[WeAreONEbigFamily]

Yeah , the Amero........pfffff , better create a whole new system so the rich lose all they have , unpower the richests :)

v

[swiftsilentdeadly17]

WE JUST NEED A NEW CURRENCY

TIME FOR THE DOLLAR TO GO BYE BYE

[plunk52o]

Yeah, 3:26 says it all!

[SifuJavis]

it says that the STATES shall not make anything but gold or silver coin....not that the federal government cant....

[chinhhhhh]

@SifuJavis think harder buddy... lol i know its probably hard for u to do so but i have faith in your mental capabilities.

[SifuJavis]

@chinhhhhh oh your so smart insulting my intelligence simply because i apparently am a better reader then you. its right there in black in white, try actually reading it.

[chinhhhhh]

@SifuJavis So your saying the Federal Government can make make other currencies....since when did the Federal Reserve become part of the Government? oh that's right they're not...they're actually privately owned banks, that print our money and charge us interest on it inflating our economy and putting us in debt at the same time... I wish i could make money out of nothing. "Hey if you ever start a country and go broke, let me know I'll print your money and only charge you 10% interest on it."

[chinhhhhh]

@SifuJavis I mean that is until your currencies worth becomes close to the value of the paper it's printed on. have a good life.

[topchef]

Thank you!!!

Now, let's figure out how to coordinate an effective strategy of efforts!

[letsw8]

WHY ISNT THERE SOUND??

[AryaStarkFan]

_Read_ the constitution. Get a printed copy, or find one on the web, and _read_ it. Look at the words at 3:19, compare with Article I section 8. The video is not reproducing the full section, but only a part of it.

"... No State shall make any Thing but gold and silver Coin a Tender in Payment of debts." This clearly restricts the _States_. There are at least two loopholes here.

[AryaStarkFan]

One can argue that this does not limit the federal government from making something other than gold or silver legal tender.

Further although gold and silver are legal tender, voluntary exchange of other things is permitted in settlement of debts.

If FRN's weren't legal tender, which would you offer first in payment of your debts, gold or FRN's?

Nevertheless, the Federal Reserve System is by it's nature a threat to liberty, and is proven by it's history a thief of liberty.

[AryaStarkFan]

Don't get me wrong, I am a hard money advocate. I am just questioning this constitutional argument.

[Daharen]

I agree with you, the constitutionality of the Federal Reserve is not the question here, its the moral imperative of the system. The consequential loss of liberties is the problem, and to be quite frank, Fiat systems really do create nothing more then empires.

[mosesommosesom]

The Constitutional argument for me is simply that "Congress shall have the power to coin money", not a private bank as does today.

[shopken1]

The constitution placed the states in control not a centeral federal government. We now have the cart before the horse... Thanks Abraham Lincoln.. NOT.. Very plain if you assume the intent. Just MHO

[shopken1]

Its too bad that the founders could not plug all the holes... Multitudes of "Hamilton's" in his day and ours..