Anonymous ID: 9dc38a Dec. 28, 2020, 2:51 a.m. No.12207407   🗄️.is 🔗kun   >>7465

>>12207393

In a true gold based system, the paper receipts are redeemable for a stash of gold held in the treasury.

 

If they leverage their paper over the gold, then the paper holders can redeem the gold from the treasury. Thus depleting the gold reserves if they do sneaky shit.

 

Without a gold reserve backing, they can just print whatever the fuck they want.

Anonymous ID: 9dc38a Dec. 28, 2020, 3:23 a.m. No.12207571   🗄️.is 🔗kun

>>12207544

Agreed as in the Constitution it says only Congress has the power to coin money. So right there, there's unconstitional fraud going on right in our faces.

 

The whole idea of a Central Bank controlled by private forces, printing money, and declaring interest rates is commie/control bullshit. Possibly the biggest thing humanity has to free itself of in this battle to unchain ourselves.

 

All people should be free to loan and charge their own interest rates in a free market setting. The free market will then set interest rates.

 

Their should be no laws giving private interests special privileges over the American citizens.