Only Gold And Silver Can Be Money

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

Category:

Education

Tags:

• Gold
• Silver
• DVD
• GoldSilverDVD
• Mike Maloney
• Constitution
• legal tender
• GoldSilver.com

[cds162]

when will the dvd be availabe? 

[GoldMikeMaloney]

@cds162  The DVD is now available at goldsilver . com

[lucretiuscaro]

I know you don't mean it like that, but the real truth is the constitution has no authority whatsoever to tell anybody what money is or should be. A currency can be backed by gold, silver, ious, land, etc., but the problem only shows its ugly face when a currency is introduced by decree (FIAT). No one party should have the power to control a currency supply.

[GoldMikeMaloney]

@lucretiuscaro Let the Free Markets decide ;-)

[DarkClowd7]

Great stuff , but DVD release?

[audraweider]

love it

[TheOnionRoute]

♥ #Liberty ☼ #Libertad ♫ #Freiheit ♪

[BatusaiJack]

"cash is trash"...couldn't have put it better myself.

[Rico8458]

be careful in russia mike, they will skin you alive there.

[lucretiuscaro]

@GoldMikeMaloney So we do agree then: this is all I am saying. Only the markets can decide.

[GoldMikeMaloney]

@lucretiuscaro money should simply be decided by the free markets... without having a free choice of what is money we will never have true free markets.

[lucretiuscaro]

@packoo This can be argued, I do agree with you (I haven´t got all the details and I might be getting it wrong), but the truth of the matter is no currency should be introduced by decree. The Constitution only says that Government issue currency should be backed by gold and silver, but this is not to say you must want it all the time. I do invest in gold and silver myself and the Constitution is one of the most important documents in my life, but no currency should be introduced by decree.

[packoo]

@lucretiuscaro WRONG AGAIN, the revolution was that the Bank of England wanted to issue the paper money as a debt based currency... Meaning that we borrowed, at interest, currency that England controlled and they wanted a debt free money, SOUND MONEY...

[lucretiuscaro]

@packoo What the Constitution says is that Government issue currency must be backed by gold and silver, but this is not to say everyone must want it. In a true free market environment there should be other currencies competing with each other. A currency can be backed by anything, but it should not be introduced by decree. You really need to understand what the Constitution says in this respect or else you might end up being a socialist.

[lucretiuscaro]

@packoo The American Revolution only started when the King of England demanded all debts should be paid in gold. The problem is not gold though, or silver, but FIAT paper currency. This is to say that the problem only raises its ugly face when a currency is introduced by decree. The Constitution has no authority whatsoever to tell me what is valuable and what isn´t. A gold standard sucks. A currency backed up by gold is a good thing to have though.