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And no, private banks should not have the issuing power of money either. Article I Section VIII of the Constitution states: The congress shall have the power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defence and general welfare of the United States; but all duties, imposts, and excises shall be uniform throughout the United States: ......................................scroll down to................................. To "coin" money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures. It mentions nothing of private banks or government banks. The Treasury Dept. should be the one who makes the coin, not the privately held Federal Reserve. This is then distibuted from the Treasury, to the private banks as a uniform coin throughout the United States. Or else we run into the same problem before with state treasuries making coin and paper money, but not being recognised at the face value by a different state. But with having Federal Reserves in something like 5 or 6 states IIRC, the Treasury Department could take these over, and issue real coin, or valued money with proper backing to it so that you are not using a fiat currency where the value is thought up out of thin air, that the congress has to borrow from a private entity, then owes that parasitic entity interest above the fake value and enslaves the people of a nation and rapes it in the process. It never made sense to me why congress who has the power to coin our money at no interest what-so-ever, would turn around and give it to a few power hungry men world wide, then have to borrow that money from them, and pay interest to them in the process. |
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