When Edwin Vieira flips the article 1 section 10 clause around he forgets that the states constitutionally can only use gold and silver COIN not bullion or any electronic currency or paper substitute for gold and silver coin a tender in payment of debts.
@gnayler I see your point but 2 things can be said to that: 1) "To coin" was the phrase used in the 18th century to say "create" money. Back then, no one envisioned any other way to "make" money. So, it's not that only coins can be made but, more important, that only gold and silver can be money. That is the key. 2) Congress could amend the Constitution to change the phrase "to coin" to "to denominate" or something similar. Is Congress going to? Not likely. As Dr. V said, they're brain-dead.
1) "To coin" was the phrase used in the 18th century to say "create" money.
Not true, the continentals were a paper currency. The founders did not create money with the constitution they simply recognized what the free market was using and adopted it as the official money of the united states. They were aware of printing money and some of them had knowledge of various money systems throughout history. They chose that language very carefully for the purpose of keeping paper out.
To further this point you can go look at Madison's notes and you will see that they had a vote on congresses ability to "emit bills of credit" aka paper money. The power for congress to "emit bills of credit" was struck out of the original draft in a 9 to 2 vote.
The notion of "separation of church" and state is not in actually constitutional. The Federal government is restricted from making laws on religion, but religion is not restricted from freedoms to influence government or carry out its activities in contexts where there is some sort of Federal influence (gov't building, tax status, etc.)
The notion of "separation of church" and state is not in actually constitutional. The Federal government is restricted from making laws on religion, but religion is not restricted from freedoms to influence government or carry out its activities in contexts where there is some sort of Federal influence (gov't building, tax staus, etc.)
Isn't the 100 year agreement with Congress and the Federal Reserve up next year in 2012? You're crazy if you think the US population will sit by an allow the Fed to continue as they have. We don't have to fire them.The contract is up next year. Currency collapse is pretty much a given. Congress better start looking at how they , our legislators, are going to save this country's economy with a monetary system not based on a debt.
@seeusok I don't think the Federal Reserve Act has a sunset clause, so I don't think anything will happen on the 100th anniversary of its passage. There is a clause that recognizes Congress' ability to amend or repeal the act, but good luck getting that done. The Federal Reserve will eat itself eventually, let us hope enough of us can get away from it before that happens.
I understand grocery stores are planning on using machines with recognition technology whereby you add your silver or even gold to the machine and it prints out an amount that is based on the current spot price for the coins you've deposited. You then can shop for groceries and use that printed script as payment for your groceries. This eliminates coming up with dual cash registers and other expensive changes. It makes the change over to precious metals as money easier.
END Bennie and THE FED before they end U.S. !!! Paper, redeemable for NOTHING, is not money !!!
iannetta11 6 months ago
When Edwin Vieira flips the article 1 section 10 clause around he forgets that the states constitutionally can only use gold and silver COIN not bullion or any electronic currency or paper substitute for gold and silver coin a tender in payment of debts.
gnayler 8 months ago
@gnayler I see your point but 2 things can be said to that: 1) "To coin" was the phrase used in the 18th century to say "create" money. Back then, no one envisioned any other way to "make" money. So, it's not that only coins can be made but, more important, that only gold and silver can be money. That is the key. 2) Congress could amend the Constitution to change the phrase "to coin" to "to denominate" or something similar. Is Congress going to? Not likely. As Dr. V said, they're brain-dead.
catobear1704 7 months ago
@catobear1704
1) "To coin" was the phrase used in the 18th century to say "create" money.
Not true, the continentals were a paper currency. The founders did not create money with the constitution they simply recognized what the free market was using and adopted it as the official money of the united states. They were aware of printing money and some of them had knowledge of various money systems throughout history. They chose that language very carefully for the purpose of keeping paper out.
ElectricPatriot 2 weeks ago
@catobear1704 continued…
To further this point you can go look at Madison's notes and you will see that they had a vote on congresses ability to "emit bills of credit" aka paper money. The power for congress to "emit bills of credit" was struck out of the original draft in a 9 to 2 vote.
ElectricPatriot 2 weeks ago
The notion of "separation of church" and state is not in actually constitutional. The Federal government is restricted from making laws on religion, but religion is not restricted from freedoms to influence government or carry out its activities in contexts where there is some sort of Federal influence (gov't building, tax status, etc.)
pkpapers 8 months ago
The notion of "separation of church" and state is not in actually constitutional. The Federal government is restricted from making laws on religion, but religion is not restricted from freedoms to influence government or carry out its activities in contexts where there is some sort of Federal influence (gov't building, tax staus, etc.)
pkpapers 8 months ago
@36:05 Didn't Mr. Turk sue egold years ago?
SupraSovereign 8 months ago
@TheBullionBull IIRC my school days, they mean "recurring decimal".
gallatinfx 8 months ago
Isn't the 100 year agreement with Congress and the Federal Reserve up next year in 2012? You're crazy if you think the US population will sit by an allow the Fed to continue as they have. We don't have to fire them.The contract is up next year. Currency collapse is pretty much a given. Congress better start looking at how they , our legislators, are going to save this country's economy with a monetary system not based on a debt.
seeusok 8 months ago
@seeusok I don't think the Federal Reserve Act has a sunset clause, so I don't think anything will happen on the 100th anniversary of its passage. There is a clause that recognizes Congress' ability to amend or repeal the act, but good luck getting that done. The Federal Reserve will eat itself eventually, let us hope enough of us can get away from it before that happens.
jpschubbs 1 month ago
I understand grocery stores are planning on using machines with recognition technology whereby you add your silver or even gold to the machine and it prints out an amount that is based on the current spot price for the coins you've deposited. You then can shop for groceries and use that printed script as payment for your groceries. This eliminates coming up with dual cash registers and other expensive changes. It makes the change over to precious metals as money easier.
seeusok 8 months ago
Guess what? 2/9ths is NOT irrational, it's rational. (Meaning, it's an exact ratio. 2 to 9.)
indignant99 8 months ago
@indignant99 It's a little strange that a Harvard chemist would make that mistake.
greggh 8 months ago
@indignant99 good catch, but it is an infinitely repeating decimal, so maybe he meant "irrational" in the colloquial non-mathematical sense?
TheBullionBull 8 months ago
Excellent discussion!!!
TheBullionBull 8 months ago
Great interview!
shawn8106 8 months ago