Federal Digital Currency
Bah! Humbug!
The federal government is not empowered to determine what is or is not legal tender. The states are Constitutionally resticted to silver and gold coins as tender in payment of debts. The paper crap out there is known as bills of credit and the Framers prohibit states from issuing bills of credit and refused to allow the federal government to emit bills of credit. Those paper things are IOUs issued by private banks. The People in accepting federal reserve notes are saying that they do not support the Constitution.
Digital Currencies will only serve to grant more power to control the People's lives. Even now CC, checks, paper currency, etc violate the principles upon which this Union was founded. Paper nmoney was issued by the King and when he felt like it he'd cancel the old notes annd issue new ones effectively destroying any wealth among the People.
But then the People are stupid and deserve to get butt-raped.
0 Comments:
Post a Comment
<< Home