Constitutional Authority For Fiat Currency?
January 13th, 2010 | 
Author: Where is the Constitutional Authority for paper money, when all I see is that Congress must afix either gold or silver to our currency
There is none. In 1913, the illegal, unconstitutional Federal Reserve (a non-governmental institution) was created. See ‘history of the Federal Reserve’, and ‘Fiat Currency’ for an eye-opening synopsis of the root of ALL of our financial problems.
Posted in fiat currencies
It isn’t there, but paper currency is obviously not going to go away. Oh well. See Robert Bork’s "The Tempting of America."
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There is none. In 1913, the illegal, unconstitutional Federal Reserve (a non-governmental institution) was created. See ‘history of the Federal Reserve’, and ‘Fiat Currency’ for an eye-opening synopsis of the root of ALL of our financial problems.
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We went off the gold standard quite a few years ago.
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There is none! In fact it is crime to destroy our economic system that is impeachable! They feel comfortable in that there are so many to blame. At a city council meeting last week I heard a representative of Calpers refer to this paper money as being insignificant, while telling the council they would be required to pay to cover the devaluing of this paper money. Only one person got upset,me.This person also said that numbers had smoothed. What does that mean?A crime was committed!
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There is none, only gold and silver can be used as currency in official transactions. paper money can only be used by private industry, and can never be legal tender
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