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Silver Wheaton Corp. Message Board

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  • hapiwondrer hapiwondrer May 27, 2012 7:05 AM Flag

    OT: Is Paper Money Constitutional?

    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.

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