Quoting a 98% loss of value without mentioning wage growth is completely dishonest. It would be laughable if nobody believed this rubbish, but sadly, NeoLibertarian looney tunes exist.
If the Federal Reserve Act was passed in violation of the US Constitution, there would be no reason for Courts, including SCOTUS, not to rule accordingly, other than a massive conspiracy.
Only a looney tune would believe that the entire US judicial system is in collusion to retain the services of a Federal Reserve.
"Are you dishonest like Dave?"
Yes. Quite dishonest, because the truth is, regulation of coinage in the US is legislated by Title 31 of the United States Code, not the coinage act of 1792.
This is best demonstrated by the lack of hyperinflation resulting from the Fed's action(s) to stabilize the economy. This suggests that Central Bank tactics are ever increasingly being refined through many decades of economic variations. This also suggests that those still predicting Fed-induced hyperinflation some 8 years on, despite the fact that such predicted inflation would occur relatively soon after the implementation of said monetary policy(s), are complete looney tunes.
You say the law is being broken, yet nobody is being charged.
Nobody is being charged because no (related) law has, or is been broken, because the coinage act has been superseded.
If you are right, a conspiracy must be in place, which involves the entire US judicial system.
Good luck trying to prove this enormous conspiracy........you idiot.
You found it!
But you didn't post the important part about the coinage act being superseded.
You posted just the irrelevant bit that remains, which has no bearing on the matter...why? Are you dishonest like Dave?
So now your saying you did find "this information", thus you lied, and are now suggesting that information may be wrong?
Since Moses used the notion that Wall Street was wrong to suggest the downturn of the market, when posted (Feb 14), was due to technican correction, which is now shown to have been correct, how can you say Moses was correct?
I suggest 2 possibilities:
1. you are deliberately trying to weasel around the fact
2. you are a complete idiot.
Try googling 'superseded - coinage act'. You'll find what you need on the first page. For you not to be able to find this information demonstrates either your inability or stupidity.
Since you've posted idiotic stuff before, its not doubt the later.
Moses said "There are many Wall Street cheerleaders who are trying to say that this is just a technical correction, that the bottom is near, and that everything will be getting better soon. They are ignoring the real message the markets are trying to send: you cannot print your way to prosperity."
Do you think he would have the courage or understanding to say he was wrong about "the message the markets are trying to send"?
"The Coinage Act of 1792 WAS NEVER REPEALED or REPLACED"
But it was superseded. You've been told that a number of times. For you not to mention it is either being dishonest or stupid. I believe it is the later.
There are 2 possible reasons why there has not been any punishment for breach of the coinage act. 1. there has been no breach.
2. there is a conspiracy not to convict those that have breached.
Since there is no evidence for No.2, No.1 must be the reason.
So, in light of the current Yahoo Finance headline "The bull market is about to set a major milestone", what does the market say about the Fed's action(s)?
Could it be that you posted a lot of rubbish, due mostly to your idiocy?
...it stands to reason that his latest sensation, "crooked Hillary", stems from a belief that is just as intellectually vacuous.
Republicans are on the verge of total self-destruction over a guy who represents what was a peripheral, yet nasty group that they needed to get members into Congress. Now dominant, the noxious group will propel the orange man, whom almost certainly will never be president of the United States, to a crescendo in Cleveland...the final dissolution.
Although very pleasing, its still not punishment enough for what they have done.