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Why Are Americans Not Allowed To Use Gold And Silver As Legal Tender?

{Editor’s Note: This is the 4th installment of a series of articles attempting to address the 32 questions posed by Ron Paul in his recent farewell speech given in front of Congress.}

“The Congress shall have power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;” - U.S. Constitution, Article I, Section 8, Clause 5

“No State shall …make any Thing but gold and silver Coin a Tender in Payment of Debts” – U.S. Constitution, Article I, Section 10, Clause 1

For almost 100 years of it’s history the United States, along with much of the rest of the world, used a currency system based on the gold standard. The “Classical Gold Standard” as Murray Rothbard referred to it, lasted from 1815 until the creation of the Federal Reserve System in 1913. It is no coincidence that this time frame saw unprecedented economic growth not only in the United States but also in most of the civilized world. Having a single, stable currency that could be relied upon from place to place, day by day was essential in fueling the economic growth and innovation of the late 19th and early 20th Centuries.

But this all began to change in 1913 with the passage of the Federal Reserve Act, when the U.S. Congress created the private central banking monopoly known as the Federal Reserve System. Despite the fact that this clearly went against the Constitutional mandate that Congress would coin money, the Act was passed with literal resistance from Congress or the public. It is no coincidence that around this time many countries that were entering World War I went off of the gold standard in order to pay for the war. Governments created so much money they could no longer keep their pledges to redeem their currencies for gold. Other nations would followed suit, and a period of unstable monetary conditions throughout the world would follow. Only the United States, which entered the war late and did not inflate the currency as much as other

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The problem is paper legal tender

You can use gold and silver as legal tender. The problem is that the government has fraudulently allowed paper money to be used as legal tender too - and no one is going to pay their taxes, court judgement, or other legal tender in $1 in gold, when they can pay for it with $1 of newly printed fraudulently paper.

The problem is paper legal tender, something the constitution specifically forbids.

is commonly stated as: "Bad money drives out good", but is more accurately stated: "Bad money drives out good if their exchange rate is set by law."

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.


http://money.blurtit.com/q5102689.html 6 characterics
http://www.rogershermansociety.org/Blacks_Law.htm legal tender

Slow changes of paper money from being redeemable on demand in gold or silver to not being worth anything:
http://www.uspapermoney.info/history/1934.html (not extensive enough but ok)

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

Oh, yeah... and google it plus "cure."

This works EVERY TIME so far!

Love or fear? Chose again with every breath.

I want to plug Carl Miller again!

If you have not seen his video series "Know Your Constitution" WATCH IT! Would you believe that for one man in Michigan coffee beans are legal tender? You just have to watch this guy. What he does with your question before a judge is historic.

Love or fear? Chose again with every breath.

+ 1

Police state strides forward in Montana:

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sometimes LL can suck & sometimes LL rocks!
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15


Gold is money, fiat money is tyranny.

As I've Said Before

"If you don't have any gold or silver, you don't have any money"

*Advancing the Ideas of Liberty Daily*