What parts of the Constitution do you want to rip out and throw away? youtube/watch?v=G_Sy6oiJbEk It is clear from Article I, Section 10 that the Constitution did not want its republic to issue paper money. Article I, Section 8 of the Constitution quite specifically gave Congress the power to coin money and regulate the Value thereof. Recognizing that the right to coin, not print, money was the only right to create money which had been given Congress by the Constitution, and after many notes and reports on this subject by Jefferson and Hamilton, Congress enacted the Coinage Act of 1792, which provided for a bimetallic system… this act further provided for unlimited coinage by the U.S. mint… and it designated only gold and silver coins to be minted, said Gordon McLendon. According to Gordon McLendon (in The Coming Super Metals Boom) Hamilton was in favour of a looser interpretation of the Constitution, yet he too was in favour of this bimetallic gold-silver system, a system that preserved his earnings as well. Alexander Hamilton said that Constitutions should consist only of general provisions; the reason is that they must necessarily be permanent, and that they cannot calculate for the possible change of things, yet when it came to money he insisted upon payment in gold and silver coins. All the nations of the world need to look at the protections afforded by adopting a Republic based upon the American model. Imagine real money whose value is not eroded by inflation of the paper money supply.
Posted on: Sun, 16 Nov 2014 16:13:07 +0000
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