Vonu: FDR took away the gold in 1933 and made it illegal for Americans to own gold. But inflation didn't take off until Nixon closed the gold window. LBJ ended the silver in coins in the sixties. All of this is Unconstitutional. The Constitution says that only gold and silver can be used as money.
Vonu: FDR took away the gold in 1933 and made it illegal for Americans to own gold. But inflation didn't take off until Nixon closed the gold window. LBJ ended the silver in coins in the sixties. All of this is Unconstitutional. The Constitution says that only gold and silver can be used as money.
Inflation is a necessarily intrinsic part of the Federal Reserve Board's system.
Article 1 Section 10 of the Constitution makes it clear that "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 ..."
Money is what backs up currency and the Federal Reserve Note is backed by debt, not money, since 1913. Gold and silver are the only things considered to be money by any serious consideration. Look them up in the bible.
Vonu; Until August of 1971, foreigners could exchange their dollars for gold. DeGaulle sent over a French cruiser to New York City to pick up France's gold. That's one of the reasons Nixon closed the gold window.
Vonu: FDR took away the gold in 1933 and made it illegal for Americans to own gold. But inflation didn't take off until Nixon closed the gold window. LBJ ended the silver in coins in the sixties. All of this is Unconstitutional. The Constitution says that only gold and silver can be used as money.
Inflation is a necessarily intrinsic part of the Federal Reserve Board's system.
Article 1 Section 10 of the Constitution makes it clear that "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 ..."
Currency is not money.
Vonu: The three branches of government no longer follow the Constitution.
Of course, currency isn't money unless it is backed up by something of value.
Money is what backs up currency and the Federal Reserve Note is backed by debt, not money, since 1913. Gold and silver are the only things considered to be money by any serious consideration. Look them up in the bible.
Vonu; Until August of 1971, foreigners could exchange their dollars for gold. DeGaulle sent over a French cruiser to New York City to pick up France's gold. That's one of the reasons Nixon closed the gold window.
Nixon closed the gold window because he was told to.
Nixon was no economic genius.
America has never had a need for financially literate politicians.
Vonu: Politicians who aren't financially literate are dangerous. America doesn't need politicians of any ilk.
If America doesn't need politicians, why does the Constitution specify when and how they are to be elected?
Vonu: The Constitution was written by politicians.