This video is in response to a comment question from davincij15. He asked: "if a contract is in gold and silver and one person cannot perform can you win in court arguing that the highest law stat...
This video is in response to a comment question from davincij15. He asked: "if a contract is in gold and silver and one person cannot perform can you win in court arguing that the highest law states that only gold and silver can be legal tender?" The short answer I give in this video is by no means definitive. It is just the conclusion I came to based on casual research into what the federal courts including the supreme court have had to say about "legal tender" laws in the US. There is plenty of room to disagree with the interpretation the courts have used when it comes to Article I section 8, however it is important to also understand what the courts are currently thinking when it comes to which contracts will be enforceable an unenforceable. Once we gain this understanding, then we can look at ways to "fix" the problem. A great start might be to apply the "silver and gold" as the only tender limitation that currently only applies to the States, to the Federal government. Also, no doubt, abolishing the federal reserve's monopoly over paper money would also be a step forward. What do you think? Feel free to comment below.
Henderson v. Mann: http://login.findlaw.com/scripts/call... You may need a findlaw account to view this one, but the account is free and all you need is an email address to sign up. Great deal!
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excellent video. So instead of demanding payment for your goods in Gold or Silver, be sure to make your goods available for trade only.. trade for gold or silver
really enjoying your work.. recently subscribed. Keep it up.
I'd love to hear how you might argue against this and in defense of the use of gold and silver as legal tender (or the acceptance of gold/silver as settlement of a debt.. OR the requirement of a debt to be settled to gold/silver). Start that angle and watch your subs soar!
Recently the Feds successfully won a conviction of a constuction company for paying its workers in gold/silver coins based on spot price, but claiming the face value for payroll taxes, etc. So, this has been ruled on before as you've questioned it. Check out the details on the gata website which is gata (dot) org and you cn read the details.
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I'd love to hear how you might argue against this and in defense of the use of gold and silver as legal tender (or the acceptance of gold/silver as settlement of a debt.. OR the requirement of a debt to be settled to gold/silver). Start that angle and watch your subs soar!
Best.