Comment: The problem is paper legal tender

(See in situ)


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.

en.wikipedia.org/wiki/Gresham's_law
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.