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It is unconstitutional to exchange gold for worthless paper.
This is one reason there was a run on the banks in The Great Depression. Those worthless paper notes were not backed by gold or any other real currency.
It is unconstitutional to exchange go
I am not able to paste a link, so can't debate.
It is unconstitutional to exchange gold for worthless paper.
You can't explain the above claim?
rticle 1 Section 10 Clause 1 | Constitution Annotated - Congress
WebSection 10 Powers Denied States Clause 1 Proscribed Powers 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; …
EXPLORE FURTHER
Now it worked.
Far as I know from what I've read all money has to be backed by gold aka Fort Knox or some other vault, but who knows what happened to Fort Knox or where they put the asset that makes our IOUs valuable or worth anything?Thanks.
How does that help the original claim?
It is unconstitutional to exchange gold for worthless paper.
Far as I know from what I've read all money has to be backed by gold aka Fort Knox or some other vault
Where did you read that?
The founders of this nation and what's left of our laws. What kind of people would back their assets on thin air?
I'm not a constitutional lawyer but if you want to know the basics of our law on money look it up.
I've suplied enough to give you a head start.
Nothing you've posted shows that all money must be backed by gold. Sorry.
Ok so ignore it and believe what you think. Not being rude just not going to argue.
I'm not ignoring anything.
Reread your post #8
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;
That's a limit for the states. Not the federal government.
Did you watch the video in the first post?
Years ago. It's got lots of errors, like most videos on finance and banking.
That’s a restriction on the authority of the various State governments.rticle 1 Section 10 Clause 1 | Constitution Annotated - Congress
WebSection 10 Powers Denied States Clause 1 Proscribed Powers 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; …
EXPLORE FURTHER
Now it worked.
Prove it wrong since you don't ;like my understanding of it, I can't prove something that you are convinced is wrong.
" He who is convinced against his will, is of the same opinion still."