States authorizing Crypto
Sorry, Arfticle I Section 10 expressly prohibits states from making anything but silver and gold coin tender in payment of debts. Parsing this statement provides evidence that the power to make anything tender in payment of debts was retained by the states and not delegated to the federal government. Yes, many private banks made IOUs, known as bills of credit, or as paper currency but nothing in the Constitution prohibits anyone from creating any form of payment nor prohibiting others from accepting that form of payment. However, the federal government has no delegated power to make anything tender. The sole federal power is to coin money, set the value thereof, and of foreign coin. And states are prohibited from making anything except silver and gold coin tender.
So states that accept checks, credit cards, paper currency, etc are in violation of the Constitution for the United States.
The federal reserve is of course NOT a part of the federal government and can produce bills of credit which people may choose to use. It cannot be labeled as legal tender for all debts public and private because there is no authority in the federal reserve or any part of the federal government or the states to make that determination.
So all this time the people are using nothing but IOUs from a private source. Stupid people!
No government entity working legitimately under the Constitution for the United States can make crypto legal tender. States may not. Congress may not. Constitutionally speaking We the People should be demanding adherence to OUR law, the Constitution, and the sole use of silver and gold coins. WOuld it be more inconvenient to carry around a bunch of gold and/or silver? Yes, but the law is the law is the law. Yet I forget. People hate to follow laws regardless of the benefits of a law.
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