Money (United States of America)

A dollar is not federal reserve notes but  is an unit of measurement used for the weight of sliver.
A dollar is not federal reserve notes but  is an unit of measurement used for the weight of sliver.

Constitution for the United States of America

Article I Section 8: The Congress shall have Power.
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; and To provide for the Punishment of counterfeiting the Securities and current Coin of the United States.

Congress, has power to coin money not to print money.  Also, the federal reverse, which is a private bank controlled by share holders not any part of the goverment, has no right to print or make money.

Article I Section 10: No State shall coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of debts.


Dollar (United States of America)

Bouvier’s Law Dictionary, 1856 Edition

Definition

DOLLAR, money. A silver coin of the United States of the value of one hundred cents, or tenth part of an eagle.

2. It weighs four hundred and twelve and a half grains. Of one thousand parts, nine hundred are of pure silver and one hundred of alloy. Act of January 18, 1837, ss. 8 & 9, 4 Sharsw. Cont. of Story’s L. U. S. 2523, 4; wright, R. 162.

3. In all computations at the custom-house, the specie dollar of Sweden and Norway shall be estimated at one hundred and six cents. The specie dollar of Denmark, at one hundred and-five cents. Act of May 22, 1846.

CENT, money. A copper coin of the United States of the value of ten mills; ten of them are equal to a dime, and one hundred, to one dollar. Each cent is required to contain one hundred and sixty-eight grains. Act of January 18th, 1837~’ 4 Sharsw. cont..of Story’,s L. U. S. 2524.

A dollar is not federal reserve notes but a unit of measurement used for the weight silver.


“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth.” – Gold and Economic Freedom by Alan Greenspan Published in Ayn Rand’s “Objectivist” newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967.


Federal reverse notes use to contain the words, "Will pay to the bearer on demand"
Federal reverse notes use to contain the words, “Will pay to the bearer on demand”
Today, Federal reverse notes are no longer exchangeable for dollars.
Today, Federal reverse notes are no longer exchangeable for dollars.

This change making today’s federal reverse notes simply worthless paper and only have value because of the false belief of vaule people have given it.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s