The Federal Reserve and the Threat of the Silver Slippers

[GlockThe Vote]

Your post is why i supported Ron Paul in the primary. No republican other than paul, perry, and palin even went near this issue

[GlockThe Vote]

http://www.amazon.com/The-Creature-Jekyll-Island-Federal/dp/091298645X/ref=cm_cr_pr_product_top

read the reviews.

[Lurker]

Congress does not have the authority to print money. Go back and read the Constitution.

[GlockThe Vote]

False - they have the power to coin money correct?

Yes or no?

Coinage is supposed to be in gold or silver

[phockthis]

sfl

[Lurker]

Correct.

[Scooter100]

I have read the Constitution, many times. But did you know that....the definition of "coin" is also: to make; fabricate; invent; as in "to coin a phrase". How are we to reconcile this definition with the words of Article I, Sec. 8, Clause 5?

Certainly, when we watch the entire film, there has apparently been serious dispute with this concept, especially from the bankster world (who'd have guessed?). Regardless, the SCOTUS has, according to "The Heritage Guide to the Constitution" (2005), held that the federal government's monetary power was "inherent in its sovereignty". What that means is anyone's guess, but it is clear from the film that precedent was set (many times) and that the government has often printed money in the past, "greenbacks" being just one example.

I have mixed feelings on this topic. To sum up, anyway, I was just posting about a great film I saw and am recommending FP's watch it. (BTW, if you haven't, you should)

[Scooter100]

Just a couple more points. Obama "stimulated the economy" with about $2 trillion dollars, but here's the problem....he borrowed the money. He's borrowed the money, mostly from the big banks with interest attached mind you, and then what did he do? He simply turned around and gave it, GAVE it, back to the banks, so they can lend it back to us, at interest! What kind of system is this? Who does it benefit most....We the People?

Frankly, I agree with the film on this particular point...it is madness. But it is the madness of living in an iron-fisted plutocracy, a system based on debt and indebtedness. Those to whom we owe our debt, then, call the shots. And they are being called by a very small handful of elites.

It's a sad state of affairs in the world today. The entire planet is in debt to this small group more than at any other time in history. Look at Greece, in serious debt, bereft of its sovereignty, being told by outsiders how to run its internal affairs....just as we are being told. Tow the line, or we'll shut off your money. Behave or we'll foreclose on you. Cooperate or we'll demand loans be paid back. How do we break this government control by the unelected?

And so, the film is about sovereignty and how to get it back. Hard to dispute this premise, methods not withstanding. Regards, and thanks for your input, your points are much appreciated.

[IamConservative]

Creature from Jekyll Island

A quick Google search revealed numerous links where this lecture can be downloaded as a PDF.

[BfloGuy]

And so, the film is about sovereignty and how to get it back. Hard to dispute this premise, methods not withstanding. Regards, and thanks for your input, your points are much appreciated.

And thank you. We certainly do not disagree about the dangers of debt.