Not in and of itself but any monopoly is dangerous and illegal and the fed has a monopoly on the money. The Costitution mandates a bicameral precious metal legal tender system of gold AND silver so no one can monopolize the money and use it to corrupt the government of the people against the people.Article One section 8 and 10 seals legal tender power in the states and requires they make nothing but the hard metal itself legal tender and that congress must mint it as a lockbox check and balance.
The Federal Reserve is illegal? Huh?
newenglandvideo 4 years ago
Not in and of itself but any monopoly is dangerous and illegal and the fed has a monopoly on the money. The Costitution mandates a bicameral precious metal legal tender system of gold AND silver so no one can monopolize the money and use it to corrupt the government of the people against the people.Article One section 8 and 10 seals legal tender power in the states and requires they make nothing but the hard metal itself legal tender and that congress must mint it as a lockbox check and balance.
stevenstreets3 3 years ago