The United States Constitution declares, in Article I, Section 10, "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". This means that no State can make something a "tender in payment" (which means they cannot "make something an offer as payment") for any debts, which would include debts owed by and to the State. However, EVERY State in the United States of America HAS made some other "Thing" an offer as payment - they have by law declared that they will accept, and pay out, Federal Reserve Notes for any debts owed by or to them. Therefore, every State is in violation of Article I, Section 10 of the U.S. Constitution. Thus the need for the "Constitutional Tender Act" -- a bill template that can be introduced in every State legislature in the nation, returning each of them to adherence to the United States Constitution's actual legal tender provisions.
WATCH THIS VIDEO:
Economic Federalism - Dr. Edwin Vieira. Ph.D, J.D. from StandUpForLiberty on Vimeo.
A 90 minute video featuring Dr. Edwin Vieira speaking about the Constitutional authority of the states to pass legislation rejecting paper money in favor of gold and silver. In our current economic crisis, teaching these officials the proper way of fixing it is crucial!
"Economic Federalism" Video |
Excellent video about about the Constitutional authority of the states to pass legislation rejecting paper money in favor of gold and silver. Norton: To-date 11 States have passed legislation to this effect. Mostly done in 2009. |
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