You don’t need a 22 page document to convince you of that which is obviously wrong. That, of course, is how criminals operate. They construct a convoluted story that they hope no one can understand so that they can cover up their dishonesty. Then if anyone questions their operations it is because they are too stupid.
Money is really quite simple. A mining company digs out gold, silver or copper from the Earth. It gets refined, sent to a mint and turned into coinage. All of that, of course, represents value added from the original time it was removed from the mine site, and thus becomes an exchange medium. Its value is just as relevant as a farmer that grows corn for others to buy, and market forces should describe what is worth in exchange for, in this case, real money originally mined from the Earth.
Criminal central banks, given the authority by governments to do so, create paper “money” which, by force of law, must be accepted in transactions, or, for those who do not, must face imprisonment.
There! See! It only took ¼ of a page to describe money. Beware of anyone that makes the concept any more complex than that.
hapi: Your response was interesting, but failed to address the question, Is Paper Money Constitutional?
The constitution addresses money, the coining of money, the debasement of money, and counterfeiting money. Does it prohibit fiat money? It seems that citizens, politicians, and judges find different answers according to their own personal bent. Although I tend to agree with Ron Paul that fiat is unconstitutional, I have not seen a definitive answer to the subject.
The trouble with paper money is that it is open to abuse. It was always meant, including in the US Constitution, to be exchangeable for real money, as it is only a receipt for real money (gold or silver) on deposit, a well know fact among many people. When that is the case it can be used as a medium of exchange. The problem is not paper depository receipts (paper “money”). Historically, the goldsmiths, who were the first bankers, found that only a fraction of what their customers left on deposit ever was redeemed, so they started engaging in fractional reserve inventory by placing into circulation bogus depository receipts that could circulate as money because most were unaware of the scam. This is how the Rothschild fortune was built. It was built on a lie.
There is NO credible debate about whether current “money” is Constitutional. It is NOT. And, by the way, the paper “money” currently in use, does say “Federal” Reserve on it, and the Act which created the Fed was pushed through Congress by people like the Rockefellers, JP Morgan and Rothschild interests. Do you own DD, as it has been widely documented by experts on the subject of the non-Federal Reserve.
Per Article I, Section 8:
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States; …”
There is more, but you get the idea and do your own DD for other statements that corroborate what money is to be defined as, including the Coinage Act of 1792, and further Coinage Acts which tended to be watered down versions of the first one.
And please explain how anyone can “coin” a paper dollar “never_nuf”.
If you felt you didn’t get your question answered it was thought, at least on this end, that the answer was obvious, or at least obvious to anyone who has read those pertinent parts of the Constitution. If you really think, or wish others to think, that paper money, which is not a receipt for what is defined in the Constitution as money, is “money”, please identify yourself as a bankster operative, and, according to the Constitution, a criminal. The fact that they wear expensive suits and ties and are well manicured doesn’t make them any less crooked.
Anyway, the whole question is so obvious to rational people that it does not take high-brow discussions to know the obvious, that paper money is unconstitutional. What it does take is threats, widespread misinformation, mal-education (brain-washing) of one sort or another to force people to believe that paper money has value. That is what makes some “tend” to think paper money is legal and Constitutional, and enough who “tend” to adopt this viewpoint destroy liberty, among other anti-social consequences. So, to some of us at least, the word fiat is interchangeable with counterfeit.