Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind
No State shall emit bills of credit ... nor make any Thing other that gold and silver Coin a Tender in Payment of Debts.

It's time to bring charges against the b*stards behind this for violating the oath they took to uphold the United States Constitution.

ML/NJ

9 posted on 07/02/2009 4:57:49 PM PDT by ml/nj
[ Post Reply | Private Reply | To 1 | View Replies ]


To: ml/nj
No State shall emit bills of credit ... nor make any Thing other that gold and silver Coin a Tender in Payment of Debts.

That old document? Nobody pays attention to it anymore. It's obviously obsolete; it doesn't even allow government to perform vital roles like controlling health care and regulating carbon dioxide.

15 posted on 07/02/2009 5:05:39 PM PDT by Technogeeb (The only good Russian is a dead Russian. Rest in Peace, Solzhenitsyn.)
[ Post Reply | Private Reply | To 9 | View Replies ]

To: ml/nj
Read "Constitutional Law" by James Hall, Chapter XV "Money & Banking" Section 307 "Bills of Credit." In 1915, it was clearly legal for states to issue such warrants without violating the U.S. Constitution.
18 posted on 07/02/2009 5:09:01 PM PDT by ProtectOurFreedom
[ Post Reply | Private Reply | To 9 | View Replies ]

To: ml/nj
-- No State shall emit bills of credit ... --

As far as I know, the constitution is whatever the courts might say it is, tomorrow. Precedents are out the window on the 2nd amendment, I presume precedents are out the window for everything else, now that we are a nation of men, rather than a nation of laws.

The U.S. Constitution Online

An interest-bearing certificate that was issued by Missouri, and usable in the payment of taxes, was thus ruled to be an unconstitutional bill of credit.

24 posted on 07/02/2009 5:27:51 PM PDT by Cboldt
[ Post Reply | Private Reply | To 9 | View Replies ]

To: ml/nj
-- No State shall emit bills of credit ... --

But seriously, I think IOU's are not the same as a "bill of credit." A bill of credit is the creation of money out of thin air. The entity that performs that function in the US is a private corporation known as "Federal Reserve."

Bills of Credit are non-interest-bearing government obligations that circulate as money.

26 posted on 07/02/2009 5:34:29 PM PDT by Cboldt
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson