Comment: yes they claim to be able to print "money"

(See in situ)


yes they claim to be able to print "money"

But in reality money cannot be printed it can only be minted or coined, which is why the congress is given the power to coin money. It is the fundamental difference between coin and credit that people don't understand. Federal Reserve Notes are bills of credit, the same kind which the constitution expressly forbids the states from emitting. Of course by executive decree they are now irredeemable and predictably their value in the real market has fallen drastically versus their face value.