Re: Your numismatic laugh of the day
- From: "Rob Petrie" <r@xxxxxxx>
- Date: Wed, 16 Nov 2005 08:18:00 GMT
"Frank Provasek" <frank@xxxxxxxxxxxxxx> wrote in message
> "Rob Petrie" <r@xxxxxxx> wrote in message
>> x-no-archive: yes
>> "Frank Provasek" <frank@xxxxxxxxxxxxxx> wrote in message
>>> All that looking through the Constitution, and he missed
>>> Congress shall have power to coin money, [and] regulate the value
>> You left out of the above the telltale: "fix the value of weights and
>> measures..." which 'money' also is, a WEIGHT. [Art. 1, Sec. 8, Cl. 5]
> This clause CLEARLY refers to ounces, gallons, acres, etc, not money
Does that mean the Congress has the power to change the definition of a
pound to something other than 16 ounces, a yard to something other than 3
feet, a foot to something other than 12 inches, etc., anytime it wants to,
after it is been what we have understood are these definitions after all
these 200+ years?
Have you ever heard of Alexander Hamilton's Report on the Subject of a
Mint as to his researching to find out exactly what a 'dollar' is?
Have you read The Coinage Act of Apr. 2, 1792 lately?
That Act has never been changed as to what a 'dollar' is in the law, nor
has it ever been repealed.
>> CONGRESS (i.e. U.S. Mint) coins nothing of inherent value today as
>> 'money', and hasn't done so since 1970 with the end of the 40% silver
>> half dollars.
>> The privately-owned Federal Reserve banking cartel issues (prints)
>> pieces of irredeemable paper.
> The Federal Reserve System is an independent government agency.
That is patently false, and the courts have already ruled on that point
precisely the other way. Each of the 12 Federal Reserve banks in the U.S.
are private, local corporations that is recognized in the law as independent
of the courts, Congress, President, or the electorate (people) themselves,
as is the core monetary policy-making body of the Federal Reserve in its
Federal Open Market Committee (FOMC).
"The Federal Reserve Banks are independent, privately-owned,
--U.S. Court of Appeals, 9th Circuit Court [Lewis v. U.S., 680 F.2d
1239-1243, 9th Cir., 4/19/82]
>> Are you saying the Federal Reserve is the same as Congress???
> The Federal Reserve Board was created by the U.S. Congress through the
> passing of the Owen-Glass Act, signed by President Woodrow Wilson on
> December 23, 1913.
I'm aware of that part of U.S. monetary history.
What is not true is that the Congress had *any* Constitutional authority
to delegate its power away to anybody or to any other government entity,
least of all to a private corporation or cartel as the Federal Reserve is in
fact and decided case law.
Congress simply can NOT delegate its inherent Constitutional powers to
anybody else or to any organization it feels like. [U.S. Supreme Court,
unanimously in 'Schechter Poultry Corp. vs. United States', 1935, in
declaring the NIRA (National Recovery Industrial Act) an unlawful, illegal,
unconstitutional delegation of Congress legislative power].
The Supreme Court reiterated that same view in 1936 'Carter vs. Carter
Coal Co.' in declaring a corporative-state arrangement unconstitutional in
delegating Congress powers.
The Federal Reserve banking system (cartel) is an inherently and patently
unconsitutional corporative-state mechanism and the emission plus legal
tender status of its Notes are invalid even if they were fully redeemable in
silver and gold coin.
>> You may be a good rare coin dealer, but you don't know the history of
>> coinage in the U.S. since 1704, why the Founders refused to allow the
>> States to declare anything but gold and silver coin a legal tender, why
>> it was Congress that was given the sole task to conform with its limited
>> power to COIN money instead of delegating that power elsewhere, or why
>> 'borrow (existing money)' does NOT mean 'create out of thin air' as the
>> Federal Reserve does today.
>> Shame on you, Frank for not knowing the whole story and so limited in
>> your understanding of 'money', monetary law, and U.S. history!
Glad you finally admitted it. <g>
>>> FRANK PROVASEK RARE COINS www.frankcoins.com
>>> http://search.ebay.com/_W0QQsassZfrankcoins Texas Auction License 11259
>>> Board member of Texas Coin Dealers Association. Member: Fort Worth Coin
>>> Club, Texas Numismatic Assoc, American Numismatic Assoc
- Prev by Date: Re: Silver Bullion
- Next by Date: Re: Your numismatic laugh of the day
- Previous by thread: Re: Your numismatic laugh of the day
- Next by thread: Re: Your numismatic laugh of the day