Murray Sabrin: The Federal Reserve is a SCAM
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Uploaded by murraysabrin on Jan 30, 2008
Finance Professor and US Senate candidate Murray Sabrin is arguably the most articulate critic of the Federal Reserve and America's disastrous monetary policy - check him out at http://www.murraysabrin.com
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This guys awesome!
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@TheBullionBull Totally agree with No Fed Notes, but there are a variety of other options within the Constitution that may be more beneficial than gold. Alexander Del Mar wrote great treatises on this 'issue' in the late 1800's.
Of course there's always Unobtainium, lots of that on planet Pandora.
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@linelites "coin money" sure sounds like specie to me. I guess they could include copper. Anyway, what difference does it make what they coin, if the States don't enforce it as legal tender? Also, "money", according to my 4th Ed. Black's Law:
"In usual or ordinary acceptation it means gold, silver, or paper money used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt or other personal or real estate."
Looks like that leaves out Fed. Res. Notes!
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@TheBullionBull it gives the Federal government the power to coin money. Since it doesn't say what form that money takes, how can one say it is restricted to gold or silver only....regardless of what the states are restricted to?
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@linelites The Constitution is one of enumerated powers, meaning that unless its gives the government a certain power, the government does not have that power. A1 S8 says that only States may make gold and silver legal tender in payment of debt. Since the Federal government has no authority to declare what is legal tender in the Constitution, under the 9th and 10th amendments this power falls to the States. Hence, only gold and silver can be legal tender in the US under the Constitution.
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He should know better than to say Art 1 Sec 8 restricts Federal gov to gold and silver.
It does not. Art 1 Sec 10 does restrict the states to gold and silver.
Big difference, great nuance.
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Why do our tax dollars go to a privately owned corporation instead of the American government?
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Im from nj, and im voting for Sabrin
t66wood 3 years ago 17
I dont live in New Jersey so I am unable to vote for Murray. However, I was able to send him a $20 donation. Not much, but what I could afford. And then....a few days later...Murray called me to personally thank me.
It was unbelievable. Never did I think that a soon to be United States Senator would call me at home to thank me for a donation.
holidayhouse03 3 years ago 14