To: crusher2013
No, its telling me that States cant make laws that treat something other than gold or silver as currency. For example the state of New York cant issue their oen State currency, nor make a State law that treats some pre existing resource as currencey. It is not telling me what the Federal government is empowered to do in regard to currency in that passage.
To: AndyTheBear
They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." When the FR system was created they had that message printed on the FR notes... Just because a part of the Constitution is ignored doesn't make it untrue. Don't worry though their is very little chance that the current system will be replaced in our lifetime. It is actually a wealth transfer system that benefits Government and powerful people.
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