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Is Our Money Unconstitutional????

Discussion in 'Off Topic Threads' started by waterhouselake, Jan 25, 2009.

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  1. waterhouselake

    waterhouselake TS Member

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    Section. 10.
    Clause 1: 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

    It seems apparent the the Federal government thru the Federal Reserve is intent on inflating the currency . At one time our currency was backed by silver and gold. i.e. silver certificates. Gold closed up $44 on ounce Friday to $899. Indication of things to come???
     
  2. Bocephas

    Bocephas Well-Known Member

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    Only going to say this.Who took us off the gold standard?

    Was it the same person that started NAFTA?

    Bocephas
     
  3. Bisi

    Bisi TS Member

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    I do believe our money is going to be almost worthless with the way they are printing money. All it really is - is paper. Not backed up by any hard assests.
     
  4. BT-100dc

    BT-100dc Active Member

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    Is Chris Dodd, Charles Schummer & Barney Frank behind this?
     
  5. Jollytrapshooter

    Jollytrapshooter Member

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    All our money is backed by right now is our belief in it...As long as everybody still believes it's worth $5, then I guess it's still a $5 bill. Wonder how long that's going to work...Josh
     
  6. howie

    howie Member

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    Point of fact, Nixon stopped the exchange of US dollars for gold. FDR stopped the circulation of gold coins and paper money backed by gold. The US was never on a silver standard -- William Jennings Brian to the contrary. The exchange of silver certificates for silver was stopped in the 1960s. The silver in coins was limited to 1/2 dollars and dollars in the 1960s at a rescued level from the old "coin silver" level of 90% silver to something like 50% silver. All silver was eliminated from circulating coins in the 1970s.
     
  7. waterhouselake

    waterhouselake TS Member

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    Gold....$907 as I type this...up $8.....
     
  8. JBrooks

    JBrooks TS Member

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    There isn't enough gold in the world to back all the currency that is needed by 300 million people.
     
  9. Baron23

    Baron23 Well-Known Member

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    The value placed on a given unit of gold for purposes of trade for other goods and services is as artificial as the value placed on a given denomination of paper money.

    Its all just an agreement to swap goods and services at a rate of exchange of something....as long as all agree what that something is and the rate of exchange, then it works. What backs up the US currency is the productivity of the country that give others confidence that they will be able to redeem the currency for other "stuff".

    The days of...."oh, its yellow and pretty and scarce...it must be worth a lot" went the way of wompam.

    Are you really arguing that we go back to the gold standard? LOL
     
  10. AKJim

    AKJim TS Member

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    Government is the only entity that can take perfectly good paper and make it worthless by putting ink on it.

    I would say, that since the Federal Reserve is printing money, it is in fact, un-constitutional.
     
  11. Frenchy

    Frenchy Member

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    Alot of people are fooled by this,the Federal Reserve is not or never
    was a part of our government.Franklin Roosevelt,because of the depression,made
    this country a debter nation.We will never see our way out of this we are doomed as a nation,just like Thomas Jefferson told us we would be over 200 years ago.Christianty is just about dead,releigon is belittled everywhere in our government,there is no light at the end of this tunnel.
     
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