Trump misses the mark when warming up to a crypto currency e.g., bitcoin

[johnwk]

See:

The Trump-crypto love story may not be happily ever after

“Bitcoiners are looking for political validation after years in the wilderness,” said Eric Soufer, a political adviser to major crypto companies. “They believe now is their moment, and it’s hard to resist someone who is telling them everything they want to hear.”
Trump is expected to do just that on Saturday, when he gives the keynote speech at Bitcoin 2024, billed as the largest crypto gathering in the US, in Nashville".

To the best of my knowledge, Trump, to date, has not distinguished the United States Dollar

from that of a Federal Reserve Note

and that Federal Reserve Notes being made a legal tender are in violation of our Founders expressed intentions.

Our Founder’s fear of allowing bank notes of any kind to be made a legal tender has been allowed to take place and is abomination of our Constitution, and opened the door for some of the most notoriously evil doers of our time to engage in the plundering of America’s real material wealth, allowing a scheme which one of our founder referred to as the “. . . mark of the beast in Revelations".

As to crypto currencies, including “Bitcoin”, there is no constitutional objection, so long as they are not made a “legal tender” for all debts, public and private, and are free to compete in our “free market system”.

In closing, and with reference to our current Federal Reserve Note having been made a legal tender in violation of our Constitution, let us recall the alarm sounded by General Pinckney during the South Carolina ratification debates of our constitution with regard to paper money.

“With regard to Mr. Lowndes’s question, “What harm had paper money done?” General Pinckney answered, that he wondered that gentleman should ask such a question, as he had told the house that he had lost fifteen thousand guineas by depreciation; but he would tell the gentleman what further injuries it had done–it had corrupted the morals of the people; it had diverted them from the paths of honest industry to the ways of ruinous speculation; it had destroyed both public and private credit, and had brought total ruin on numberless widows and orphans.”

JWK

“Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man’s field by the sweat of the poor man’s brow.”__Senator Daniel Webster, May 25th, 1832

 

[MarathonMike]

This was Kamala's message today to the Crypto World.

 

[Toddsterpatriot]

See:

The Trump-crypto love story may not be happily ever after


To the best of my knowledge, Trump, to date, has not distinguished the United States Dollar

View attachment 985496
from that of a Federal Reserve Note

View attachment 985497

and that Federal Reserve Notes being made a legal tender are in violation of our Founders expressed intentions.

Our Founder’s fear of allowing bank notes of any kind to be made a legal tender has been allowed to take place and is abomination of our Constitution, and opened the door for some of the most notoriously evil doers of our time to engage in the plundering of America’s real material wealth, allowing a scheme which one of our founder referred to as the “. . . mark of the beast in Revelations".

As to crypto currencies, including “Bitcoin”, there is no constitutional objection, so long as they are not made a “legal tender” for all debts, public and private, and are free to compete in our “free market system”.

In closing, and with reference to our current Federal Reserve Note having been made a legal tender in violation of our Constitution, let us recall the alarm sounded by General Pinckney during the South Carolina ratification debates of our constitution with regard to paper money.


JWK

“Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man’s field by the sweat of the poor man’s brow.”__Senator Daniel Webster, May 25th, 1832

that Federal Reserve Notes being made a legal tender are in violation of our Founders expressed intentions.

Why?

 

[johnwk]

that Federal Reserve Notes being made a legal tender are in violation of our Founders expressed intentions.

Why?

See The Debates in the Federal Convention of 1787, reported by James Madison : August 16

[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

 

[Toddsterpatriot]

See The Debates in the Federal Convention of 1787, reported by James Madison : August 16

[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

Is that all the founders saying that?

 

[cnm]

would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

That merely shows how antediluvian are the dysfunctional founding documents.

 

[johnwk]

See The Debates in the Federal Convention of 1787, reported by James Madison : August 16

[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

Is that all the founders saying that?

They took a vote and struck the words out.

 

[johnwk]

That merely shows how antediluvian are the dysfunctional founding documents.

See A Caveat Against Injustice written by Roger Sherman, the author of Article 1 Section 10 of the United States Constitution: “No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts.”

 

[cnm]

See A Caveat Against Injustice written by Roger Sherman, the author of Article 1 Section 10 of the United States Constitution: “No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts.”

So obviously it's not a power prohibited to the fed govt which therefore can do that.

What's your problem?

 

[johnwk]

So obviously it's not a power prohibited to the fed govt which therefore can do that.

What's your problem?

You apparently have a reading comprehension problem.

This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

 

[cnm]

You apparently have a reading comprehension problem.

Where is that power prohibited to the federal government in the US Constitution?

Point out the passage and link it.

Otherwise the Fed Govt. can do it.

 

[johnwk]

Where is that power prohibited to the federal government in the US Constitution?

Point out the passage and link it.

Otherwise the Fed Govt. can do it.

Already did HERE

 

[sparky]

Methinks one needs go back to FDR's administration outlawing the constituency owning gold

In other words, only the gub'mit can establish monetary valuation, private citizens can not

~S~

 

[Toddsterpatriot]

They took a vote and struck the words out.

would not disable the Govt. from the use of public notes

So public notes are all right, according to the founders.

 

[johnwk]

would not disable the Govt. from the use of public notes

So public notes are all right, according to the founders.

How sweet of you to edit out that which confirms you are fully of shit:



See The Debates in the Federal Convention of 1787, reported by James Madison : August 16

[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

 

[sparky]

How sweet of you to edit out that which confirms you are fully of shit:



See The Debates in the Federal Convention of 1787, reported by James Madison : August 16

[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

safe & proper might be an issue ,given 30T of debt John

~S~

 

[pknopp]

"I love the Bitcoin people. You all need to vote for me just this time. You'll never need to vote again"

Trump.

How close did I come??

 

[sparky]

it was 'Christian', not bitcoin PK.....~S~

 

[johnwk]

safe & proper might be an issue ,given 30T of debt John

~S~

And let us not forget the vote was taken to insure it would ". . . cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts."

 

[Toddsterpatriot]

How sweet of you to edit out that which confirms you are fully of shit:



See The Debates in the Federal Convention of 1787, reported by James Madison : August 16

[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.

Can the government use notes, based on that passage?