The American Dream

Discussion in 'Politics' started by poncho, Feb 22, 2015.

  1. poncho

    poncho
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  2. Rippon

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    The American Dream is fictional.
     
  3. OldRegular

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  4. The American Dream

    The American Dream
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    Good video. I agree the money printing should be done per the Constitution. That means we do not need the FED.
     
  5. InTheLight

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    Printing money is not found in the Constitution.
     
  6. The American Dream

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    double post.....
     
    #6 The American Dream, Feb 22, 2015
    Last edited by a moderator: Feb 22, 2015
  7. The American Dream

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    You are right. I should have said coin. Section 8. The paper printing of money evolved over several rulings of the Supreme Court and establishment of the banking system. My mistake. Section 10 forbids states from coining money.
     
    #7 The American Dream, Feb 22, 2015
    Last edited by a moderator: Feb 22, 2015
  8. Salty

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    The point is that money should not be printed and/or coined - unless it is backed up by gold or other value.
     
  9. The American Dream

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    Yep thats the way it is suppose to be. So what was the last year for that concept? 1913 maybe. Even if one believes gold is actually in Ft Knox, how much of circulated money is backed
    Up?
     
  10. InTheLight

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    That's not in the Constitution either. Currency backed by gold is at the whim of the overall gold supply, and would be subject to the cornering of the market. Read up on Black Friday, September 24, 1869.
     
    #10 InTheLight, Feb 22, 2015
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  11. The American Dream

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    Yes, that is also true, Congress is the one that is suppose to be coining money and setting the value. Not that it has anything to do with this, and really do not believe it, but I saw a documentary on one of the history or discovery channels raising the question if gold is even in Ft Knox anymore.
     
  12. poncho

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    A private bank should not have a monopoly on the creation of money from thin air.

    Neither the U.S. nor any other government should have to borrow at interest from a private banking cartel what it has the authority to create without interest.
     
    #12 poncho, Feb 27, 2015
    Last edited by a moderator: Feb 27, 2015

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