Originally posted by Double Eights
Section 8.
The Congress shall have power to lay and collect tax...
To borrow money on the credit of the United States;
To coin money, regulate the value thereof, [...]
Maybe I am missing something...
The Congress
Is borrowing money... albiet it is the Federal Reserve (which is a partnership of private corps. & bankers) but so what--- the
letter of the constitutional law is being followed ...i.e. Congress is 'borrowing' inflationary monies based on the credit/faith/tax revenues of
the USA.
Our Federal govt is also coining several types of coinage, but the way the worl works now, Congress cannot "regulate' the value thereof !
for instance the US mints are halting the striking of 'Silver' coins
because that appox 1 ounce of silver is changing so rapidly that the US mints would be losing money on the sale of the coins. a walkking liberty
silver coin should be retailing (through the dozen or so primay dealers)
at around $25.00 each ((with all the mark-ups and handling fees added))
However that $15. worth of sterling silver imbeded in the coin's alloy is changing value so rapidly that Congress can't fix a denomination
price/value on it...so it has not Dollar denomination on it--.
its like a 'forever stamp'... a losing proposition for the treasury & mint, but a bonanza for the people astute enough to have bought them coins
when they were available
Your not 'missing anything' your being fed double-speak,
and a confusing cluster of explainations... one needs to get familiar with legaleeze, to kinda seperate the froth from the stout
