UCC copyright owned by ALI
The dollar was previously defined by congress as a specific weight of silver and is likely still lawfully defined as a weight of silver. IMO circulated coinage should return to fixed weights of silver when the unlawful equation of Federal Reserve Notes and Dollar is removed. Fixing the value of silver and gold to each other in some set ratio would likely have unforeseen negative consequences. Ideally there would be some mechanism for them to float against each other or have the ratio revalued on a monthly or quarterly basis.
>2447650
Logic? That bill is either naive or deceptive, the (paper) gold market has been under heavy manipulation for a very long time.
>2400929
Is your primary argument that our government shouldn’t follow the letter of the law now because somebody might break the law later? Were the defined weights and measures that have already been written ever lawfully removed? What are these public servants who do not even do their jobs getting paid for anyways.
The people should not be forced to use only government or private bank issued money/currency. But the government of the people should abide only by the letter of the law.
I followed an interesting breadcrumb doc that leads to a codification written into the USC that, if the Fed were to be declared as engaging in hostile activities against America (which they are), the government would have the legal right to seize all Federal Reserve Notes held by the member banks. This could be used if the government wanted to transition to Treasury Notes and the member banks refused to comply. The statute, which I am not going to spell out here, was most certainly not written for that purpose, but the jurisdiction of the Fed vs. jurisdiction of member banks would allow it to be used in this manner if the circumstances called for such extreme measures.
>2498407
Yes I absolutely agree. I shared that finding because some who are aware of the precariousness of our current failing fiat paradigm are operating from a place of fear. Take reasonable measures to protect yourself, but do not fall to fear. Even if a new Antifragile structure is not built in time (many stages), contingencies are in place to bridge the gap.