The Coinage Act of April 2, 1792 has a dictum for the coinage and minting of money to be “situate and carried on at the seat of the government of the United States” which so clearly debars a central bank, a private entity, the Federal Reserve from being the coiner and minter of our currency. The weights, balances, measures and standards of coining and minting the money is so rigorous and precise that in Section 19 it says that if anyone be found embezzling, manipulating or “debasing” the currency and conniving with it for their own exclusive profit SHOULD BE SUBJECT TO THE DEATH PENALTY. Obviously, our financial superintendents and their allies, the private stockholders in the Federal Reserve, do not think of this as being a legal precedent any longer. constitution.org/uslaw/coinage1792.txt
Posted on: Sat, 23 Nov 2013 21:52:21 +0000
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