Well then. I suppose that makes the New York Fed the domestic equivalent of al-Qaeda...since it has spent the better part of a century undermining the value of the U.S. dollar!
Posted on 03/20/2011 8:49:19 PM PDT by rabscuttle385
Article I, section 8, clause 5 of the United States Constitution delegates to Congress the power to coin money and to regulate the value thereof. This power was delegated to Congress in order to establish and preserve a uniform standard of value and to insure a singular monetary system for all purchases and debts in the United States, public and private. Along with the power to coin money, Congress has the concurrent power to restrain the circulation of money which is not issued under its own authority....It is a violation of federal law for individuals, such as von NotHaus, or organizations, such as NORFED, to create private coin or currency systems to compete with the official coinage and currency of the United States.
(snip)
“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country,” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.”
How about challenging the legitimacy of the Warrior Chief?/sarcasm
Well then. I suppose that makes the New York Fed the domestic equivalent of al-Qaeda...since it has spent the better part of a century undermining the value of the U.S. dollar!
This is another of those jerkwads who think they can issue “scrip” or what have you in an obvious attempt to dupe stupid Americans (we know after the 2008 elections there are 66+ millions of stupid Americans) to think they can avoid taxes.
Target rich environment.
Placeholder.
>>Communities print their own currency to keep cash flowing<<
No they can’t.
Beware, peasants! We can build prisons a LOT faster than you can invent currencies!!!/s;)
Google “detroit dollars”
They can , do , and have...
It isn’t “real.”
It is like having a club using Monopoly Money where everyone agrees that they will accept coupons at some face value.
The moment you try to use the coupons outside the club (to pay, for example, an auto loan or worse, to pay taxes) you violate the federal Guidelines.
Yeah, you can have a club if you want, but you can’t force the citizenry to participate. That also crosses the line.
Has anyone been “forced” to buy a “liberty dollar’?
You know what’s clearl stamped on the reverse dont you?
1.800.NEW.DOLLAR and LibertyDollar.Org
Sorry...only a fool would take these as “legal tender”..
Why are they any different than coins from the Franklin mint?
Except his money was backed by precious metals. Unlike the crap we have in our wallets.
The grant of the power to coin money cannot logically be construed as the power to prohibit anyone else from making coins, or using them as money. If it were, it would make the separate grant of the power to criminalize and punish counterfeiting superfluous, unnessary and irrelevant—and the Framers clearly stated multiple times that the Constitution must not be intepreted in such a way so as to make any of its clauses unnecessary or irrelevant, and that doing so would be a clear and compelling sign of misinterpretation.
The Constitution does NOT grant Congress the power to make the money it coins (and it must be coins) legal tender. It instead grants that power to the States—which are in the same clause forbidden from making anything legal tender other than gold and silver coins.
It is the Federal government that is breaking multiple laws here, not NORFED.
By that logic border towns that have stores which accept Pesos or Canadian Dollars are breaking federal law.
>>Why are they any different than coins from the Franklin mint?<<
Are there any dollars on the Franklin Mint that aren’t dollars? They paint them and plate them but, from what I can, tell they are real dollars underneath. Otherwise they can’t call them “dollars.”
I am not making a monetary policy argument — I am making a legal one. The term “dollar” means something. Attempting to substitute something else is pure counterfeiting, nothing else.
If he wants to sell it based on underlying gold value, great! Call it a “Homer” or a “Golder” or a “Everybodylovesraymond.” To use the term “dollar” is a clear attempt to pretend to be currency.
>>By that logic border towns that have stores which accept Pesos or Canadian Dollars are breaking federal law.<<
There is a theoretical basis in that. But, so long as the vendor knows that the currency he is accepting is foreign, he is doing 2 transactions at one time: he is doing currency exchange (perfectly legal) and then the sale (also perfectly legal).
BTW: Mexico just legislated that US Dollars may no longer accepted as tender in retail sales. I go there 4 or 5 times a year: I will test the system. I am sure 7-11, Walmart, HEB and the like will comply. It will be interesting to see what smaller vendors do....
“Are there any dollars on the Franklin Mint that aren’t dollars? They paint them and plate them but, from what I can, tell they are real dollars underneath. Otherwise they can’t call them “dollars.””
Here ya go....
http://www.franklinmint.com/JFK-Half-Dollar-Oversized-Proof—P11123.aspx
Clearly..not a “real” half dollar “underneath”
Price 295 bucks.
For all these people who say the U.S. dollar isn’t worth anything, I’ll go ahead and agree with you and, because I’m a nice guy, I’m offering to take ALL of your dollars off your hands since you guys hate them so much.
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