US Constitution: 2 Clauses about Money
Article 1, Section 8: The Congress shall have power...
Here begins the "enumerated powers" granted to the Congress. Each clause directs to a specific, or enumerated, power.
Clause 2: To borrow money on the credit of the United States;
...
Clause 5: To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
We have two distinct powers, to borrow and create money. Congress retains power to borrow on the credit of the American people. The power to coin, or create, money has been delegated to an independent central bank. The Federal Reserve Act passed in 1913. Now the Fed issues Federal Reserve Notes denominated in dollars.
US newspaper clipping, Public Domain, https://commons.wikimedia.org/w/index.php?curid=5211151
The power to borrow and the power to create money are distinct. Most know their governments are in debt. But not all may know that governments can in fact coin their own money. Besides some avid coin collectors like @ronaldoavelino, few people living today are aware that there is precedent for direct issuance of credit money from a sovereign to its people (now largely a collectors activity that doesn't support an entire economy with money). Even the US colonies had their own forms of credit. History contains great lessons in monetary matters and human life in general.
The liberties of our country, the freedoms of our civil Constitution are worth defending at all hazards. it is our duty to defend them against all attacks. We have received them as a fair inheritance from our worthy ancestors. They purchased them for us with toil and danger and expense of treasure and blood. It will bring a mark of everlasting infamy on the present generation , enlightened as it is .if we should suffer them to be wrested from us by violence without a struggle, or to be cheated out of them by the artifices of designing men.
There is a Plan in Place... Thank God we have President Trump on our side... Prosperity is returning to the United States of a Free and Sovereign People...
Interesting post @john-robert!
Also, another forgotten law (an excerpt from my post Restoring the Lost Republic (6 PART SERIES): Part 3 – Department of the Treasury & The Federal Reserve (The Fed)):
John F. Kennedy was perhaps the only president who had the courage to take on these banksters when in 1963 he enacted Executive Order 11110 which gave back power to the U.S. Government to issue currency without going through the Federal Reserve. These were known as United States Notes and were, most importantly and significantly, interest free. As can be seen in the following figure, these currency notes were easily distinguishable from Federal Reserve Notes in that they used a red seal (as opposed to the green seal seen on Federal Reserve Notes) and were titled ‘United States Note’ rather than ‘Federal Reserve Note’.
These 1963 United States Notes (available in $2 and $5 denominations) were actually silver certificates and thus were backed by silver held by the Treasury as stated in the Executive Order:
After President Kennedy’s assassination in November of 1963, these United States Notes were immediately taken out of circulation. This is an absolute tragedy. At the end of 1963 the National Debt was about $306 billion; it has since ballooned to over $20 trillion today, or roughly $63,000 per American citizen (62). Who will end up paying this debt? Of course it is the current citizenry and future generations of Americans.
HERE IS THE MOST INTERESTING PART (that most people don't know):
The good news, however, is that Executive Order 11110 seems to have never been repealed by any U.S. President. In other words, it is still in effect; yet no president has used it since the death of President Kennedy. Regardless, the U.S. Government still has the power under the Constitution to issue debt-free and interest-free currency. Why it chooses not to remains a mystery, not to mention a tragedy.
Thank you for sharing.
"..the U.S. Government still has the power under the Constitution to issue debt-free and interest-free currency" . This is exactly right. This is clearly articulated by Art 1, Section 8, Clause 5 of the US Constitution.
They do. But unfortunately we have a bunch of traitors in Congress who have sold out the country while enriching themselves and their true masters - the cabal.
How Americans still tolerate this is beyond me.
This is relevant to "Clause 5 Money" - https://en.wikipedia.org/wiki/Early_American_currency
@hashcash; @ronaldoavelino.
Early American currency
Early American currency went through several stages of development in colonial and post-Revolutionary history of the United States. Because few coins were minted in the thirteen colonies that became the United States in 1776, foreign coins like the Spanish dollar were widely circulated. Colonial governments sometimes issued paper money to facilitate economic activities. The British Parliament passed Currency Acts in 1751, 1764, and 1773 that regulated colonial paper money.
I have a job to pay attention. It is my number one duty as a human being - to earn an experiment in self-government every day by spotlighting cockroaches who violate their oath to the US constitution and wipe their ass with the US Constitution
I'd love to have a copy of that newspaper. What wonderful headlines ... trying to imagine scenarios that could see a president make similar statements about crypto today ...
As per my P.C. Theory, consider the creation of the new U.S. Crypto-Dollars and Cents... This will be implemented at the same time as the Reset of our U.S. Coinage and the creation of a new U.S. Trade Dollar...
I have one of those Five Dollar, United States Notes shown in one of the comments...
The Capitol
It is Congress that legislates laws that are subject to taxes.
The US Congress is co-chairing the appointment of senior officials and judges and Congress has the right to object to appointments.
Congress establishes, discusses and votes on laws. Congress has powers to amend the constitution.
@john-robert
This may be unrelated to the above publication, but you're offline in the discord channel. So I thought it wise to notify you here.
https://steemit.com/crypto/@kwadjobonsu/introducing-ezira-to-my-followers
Oh really? I didnt know this? Interesting
Thank you for your continued support of SteemSilverGold
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.