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	<title>Comments on: Clean Money</title>
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	<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/</link>
	<description>Concordia res Parvae Crescunt</description>
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		<title>By: Asia date</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-782743</link>
		<dc:creator>Asia date</dc:creator>
		<pubDate>Tue, 13 Sep 2011 10:58:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-782743</guid>
		<description><![CDATA[This post is full of win. I really like the way your have described here]]></description>
		<content:encoded><![CDATA[<p>This post is full of win. I really like the way your have described here</p>
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		<title>By: Lyra</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-366968</link>
		<dc:creator>Lyra</dc:creator>
		<pubDate>Wed, 27 Oct 2010 14:53:44 +0000</pubDate>
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		<description><![CDATA[Also a good reason why there should not be state income taxes.  &quot;No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts.&quot;  United States Constitution, Article I, Section 10 ]]></description>
		<content:encoded><![CDATA[<p>Also a good reason why there should not be state income taxes.  &quot;No State shall&#8230; make any Thing but gold and silver Coin a Tender in Payment of Debts.&quot;  United States Constitution, Article I, Section 10 </p>
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		<title>By: Richard Lefew</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-365568</link>
		<dc:creator>Richard Lefew</dc:creator>
		<pubDate>Mon, 25 Oct 2010 05:46:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-365568</guid>
		<description><![CDATA[I&#039;m surprised at the negative responses to this article.   Acting as if it&#039;s a radical departure from the norm.  Gold and/or Silver have been used as money for most of human history.  Bankers and governments have introduced fiat currency (paper money, backed only by government decree) for one simple reason, they want to spend more than they have.  They can&#039;t print up gold or silver, their spending is limited by the amount of Silver or Gold they possess, so they create an alternative, which they can manipulate the supply of, always in their benefit, to the detriment of the people. 
 
The Federal Reserve is a Private Bank, owned by commercial banks.  It is a private corporation.  It pays dividends to it&#039;s owners, which are the largest commercial banks, both foreign and domestic.  Don&#039;t take my word for it, just do a Google search, or go to the Federal Reserve&#039;s website. 
 
Fiat monetary systems are not free market based, if they were, they wouldn&#039;t rely on &quot;legal tender&quot; laws for their existence.  If we suddenly ended the fed, and used real money, such as gold or silver for commerce and storing our wealth, we the people would be a whole lot better off.  This is why the powers that be fight it tooth and nail.  You have the bankers who produce nothing, yet own virtually everything who would immediately loose their grip on our economy and nation.   
 
Ever wonder why everyone in the country, the government, and companies included all simultaneously owe money to banks?  Shouldn&#039;t we owe debts to each other?  Everyone owes the bank, yet the bank is the one party to a transaction that contributed nothing. 
 
You have to really think about the banks role &amp; investigate how money is created by banks.  Most people think banks lend out saver&#039;s deposits.  This is not true.  Savings account deposits are NEVER lent out.  They are the basis by which a bank determines how much fiat money they can create.  If banks lent out some of their savings deposits, they would be able to create less money, and earn less in interest.  The gearing is supposed to be 10 to 1, but in reality, it&#039;s much higher. ]]></description>
		<content:encoded><![CDATA[<p>I&#039;m surprised at the negative responses to this article.   Acting as if it&#039;s a radical departure from the norm.  Gold and/or Silver have been used as money for most of human history.  Bankers and governments have introduced fiat currency (paper money, backed only by government decree) for one simple reason, they want to spend more than they have.  They can&#039;t print up gold or silver, their spending is limited by the amount of Silver or Gold they possess, so they create an alternative, which they can manipulate the supply of, always in their benefit, to the detriment of the people. </p>
<p>The Federal Reserve is a Private Bank, owned by commercial banks.  It is a private corporation.  It pays dividends to it&#039;s owners, which are the largest commercial banks, both foreign and domestic.  Don&#039;t take my word for it, just do a Google search, or go to the Federal Reserve&#039;s website. </p>
<p>Fiat monetary systems are not free market based, if they were, they wouldn&#039;t rely on &quot;legal tender&quot; laws for their existence.  If we suddenly ended the fed, and used real money, such as gold or silver for commerce and storing our wealth, we the people would be a whole lot better off.  This is why the powers that be fight it tooth and nail.  You have the bankers who produce nothing, yet own virtually everything who would immediately loose their grip on our economy and nation.   </p>
<p>Ever wonder why everyone in the country, the government, and companies included all simultaneously owe money to banks?  Shouldn&#039;t we owe debts to each other?  Everyone owes the bank, yet the bank is the one party to a transaction that contributed nothing. </p>
<p>You have to really think about the banks role &amp; investigate how money is created by banks.  Most people think banks lend out saver&#039;s deposits.  This is not true.  Savings account deposits are NEVER lent out.  They are the basis by which a bank determines how much fiat money they can create.  If banks lent out some of their savings deposits, they would be able to create less money, and earn less in interest.  The gearing is supposed to be 10 to 1, but in reality, it&#039;s much higher. </p>
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		<title>By: CaliforniaCitizen</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-363686</link>
		<dc:creator>CaliforniaCitizen</dc:creator>
		<pubDate>Thu, 21 Oct 2010 23:33:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-363686</guid>
		<description><![CDATA[I would love it if our money were backed by either gold or silver... but we would have to check and see if the U.S. still even has it&#039;s gold in Fort Knox.  There are rumors that the Fed has taken it as collateral and I am inclined to believe it since no one has taken inventory since the 50&#039;s and ever attempt is blocked. 
 
If money is going to be printed out of nothing... why doesn&#039;t Congress do it?  Why have a middle man?  There is no reason, other than malicious intent to rip off a nation. ]]></description>
		<content:encoded><![CDATA[<p>I would love it if our money were backed by either gold or silver&#8230; but we would have to check and see if the U.S. still even has it&#039;s gold in Fort Knox.  There are rumors that the Fed has taken it as collateral and I am inclined to believe it since no one has taken inventory since the 50&#039;s and ever attempt is blocked. </p>
<p>If money is going to be printed out of nothing&#8230; why doesn&#039;t Congress do it?  Why have a middle man?  There is no reason, other than malicious intent to rip off a nation. </p>
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		<title>By: TextualistDude</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-363551</link>
		<dc:creator>TextualistDude</dc:creator>
		<pubDate>Thu, 21 Oct 2010 15:32:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-363551</guid>
		<description><![CDATA[Frank 
 
You write that paying for goods/services in OK with NV Gold Certificates becomes interstate commerce and &quot;violates Article 1, Section 8.&quot;  One cannot &quot;violate&quot; art.1, sec. 8.  The article simply says that Congress has the power to &#039;regulate commerce among the several states.&#039;  It doesn&#039;t say that any trade between or among citizens of different states is unlawful and punishable as some kind of crime. 
 
I suspect what you mean to say is that Congress would likely attempt to regulate such transactions and perhaps prohibit them.  While this seems likely to me, too, it&#039;s important to understand that Art. 1, sec. 8 does not prevent States from doing this.   
 
Rather, it is Art. 1, sec. 10 that specifically prohibits states from coining money but also expressly refers to the States&#039; ability to make gold or silver coins legal tender.  That is why the model &#039;Constitutional Tender&#039; legislation referred to in the article is drafted as it is. 
 
Your argument that no state &quot;has tried to issue currency of any kind since the Civil War&quot; is irrelevant.  You might as well argue that people should not try anything that&#039;s never been tried before.   
 
Or perhaps, your argument is that the Civil War somehow determined that States cannot make gold or silver coins legal tender, despite the plain wording in the Constitution.  If that&#039;s your argument, it is simply wrong. 
 
Your point that the Fed is not a Central Bank seems to be nit-picking with no point.  In fact, the author of the article writes the following early on: 
 
&quot;What is astounding about our current situation is the continued willingness of Congress to take one of the highest powers granted them in the Constitution and surrenders it to the private Federal Reserve.&quot; 
 
So, it&#039;s apparent the author realizes the Fed is a private institution.  The simple fact is that the Fed acts much like a typical Central Bank and that is really the point. 
 
Further, as others have noted, Nixon did not take us off the &quot;Silver Standard.&quot;  It&#039;s hard to know where that misconception even came from, but it shows you don&#039;t have an accurate understanding of the history of fiat money in America. 
 
The only thing that is guaranteed to &quot;not work&quot; is to do nothing.  It&#039;s apparent to me that the author of this article is trying to move America away from the unconstitutional Fed by using the powers the States have to make gold or silver legal tender.  That&#039;s a pretty darn good idea IMHO and I&#039;m VERY willing to look at anything that will kill the Fed. 
 
Rather than grousing that it won&#039;t work, I&#039;d rather look at his proposal and give it a chance.  Anything we can do to peacefully move us away from the current mess deserves fair consideration. ]]></description>
		<content:encoded><![CDATA[<p>Frank </p>
<p>You write that paying for goods/services in OK with NV Gold Certificates becomes interstate commerce and &quot;violates Article 1, Section 8.&quot;  One cannot &quot;violate&quot; art.1, sec. 8.  The article simply says that Congress has the power to &#039;regulate commerce among the several states.&#039;  It doesn&#039;t say that any trade between or among citizens of different states is unlawful and punishable as some kind of crime. </p>
<p>I suspect what you mean to say is that Congress would likely attempt to regulate such transactions and perhaps prohibit them.  While this seems likely to me, too, it&#039;s important to understand that Art. 1, sec. 8 does not prevent States from doing this.   </p>
<p>Rather, it is Art. 1, sec. 10 that specifically prohibits states from coining money but also expressly refers to the States&#039; ability to make gold or silver coins legal tender.  That is why the model &#039;Constitutional Tender&#039; legislation referred to in the article is drafted as it is. </p>
<p>Your argument that no state &quot;has tried to issue currency of any kind since the Civil War&quot; is irrelevant.  You might as well argue that people should not try anything that&#039;s never been tried before.   </p>
<p>Or perhaps, your argument is that the Civil War somehow determined that States cannot make gold or silver coins legal tender, despite the plain wording in the Constitution.  If that&#039;s your argument, it is simply wrong. </p>
<p>Your point that the Fed is not a Central Bank seems to be nit-picking with no point.  In fact, the author of the article writes the following early on: </p>
<p>&quot;What is astounding about our current situation is the continued willingness of Congress to take one of the highest powers granted them in the Constitution and surrenders it to the private Federal Reserve.&quot; </p>
<p>So, it&#039;s apparent the author realizes the Fed is a private institution.  The simple fact is that the Fed acts much like a typical Central Bank and that is really the point. </p>
<p>Further, as others have noted, Nixon did not take us off the &quot;Silver Standard.&quot;  It&#039;s hard to know where that misconception even came from, but it shows you don&#039;t have an accurate understanding of the history of fiat money in America. </p>
<p>The only thing that is guaranteed to &quot;not work&quot; is to do nothing.  It&#039;s apparent to me that the author of this article is trying to move America away from the unconstitutional Fed by using the powers the States have to make gold or silver legal tender.  That&#039;s a pretty darn good idea IMHO and I&#039;m VERY willing to look at anything that will kill the Fed. </p>
<p>Rather than grousing that it won&#039;t work, I&#039;d rather look at his proposal and give it a chance.  Anything we can do to peacefully move us away from the current mess deserves fair consideration. </p>
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		<title>By: anonymous</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-363376</link>
		<dc:creator>anonymous</dc:creator>
		<pubDate>Thu, 21 Oct 2010 06:01:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-363376</guid>
		<description><![CDATA[gold has worked for thousands and thousands of years.  It&#039;s paper that has a track record of failing. ]]></description>
		<content:encoded><![CDATA[<p>gold has worked for thousands and thousands of years.  It&#039;s paper that has a track record of failing. </p>
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		<title>By: anonymous</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-363344</link>
		<dc:creator>anonymous</dc:creator>
		<pubDate>Thu, 21 Oct 2010 04:45:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-363344</guid>
		<description><![CDATA[now that I think about it, this means that state sales taxes unconstitutional as well, unless that were paid in with gold and silver.  fun!! ]]></description>
		<content:encoded><![CDATA[<p>now that I think about it, this means that state sales taxes unconstitutional as well, unless that were paid in with gold and silver.  fun!! </p>
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		<title>By: anonymous</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-363342</link>
		<dc:creator>anonymous</dc:creator>
		<pubDate>Thu, 21 Oct 2010 04:42:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-363342</guid>
		<description><![CDATA[states insisting on receiving gold or silver in tax payments is not the same as issuing currency.  This distinction is important because the constitution specifically forbids states from coining money and emitting bills of credit: they can&#039;t issue currency. 
 
Also, on your 2 points: 
1.  The Fed is not really private.  How many private institutions need to be created with an act of congress?  How many private institutions have their chairmen appointed by the president?  Though they act like they don&#039;t answer to Congress, Congress can revoke their charter anytime they want, just like with the previous central banks (it won&#039;t happen though, sadly).  Also, the fact remains that the power of currency belongs to Congress under the constitution, not the federal reserve.  The constitution never gave congress the authority to charter any organization, period, let alone one with that power.  So yes, the Fed was authorized by Congress to handle the money supply, but not by the Constitution: our money is illegal. 
2.  Nixon closed the gold window.  Americans couldn&#039;t own gold legally, but foreigners could trade dollars for gold.  The dollar was still backed by gold at the time.  But other countries figured out that we printed more dollars than there was gold, so there was a run on our supply.  Basically, we defaulted.  But instead of being honest about it, he closed the window, took us off the standard and said &quot;We&#039;re all keynesians now.&quot;   ]]></description>
		<content:encoded><![CDATA[<p>states insisting on receiving gold or silver in tax payments is not the same as issuing currency.  This distinction is important because the constitution specifically forbids states from coining money and emitting bills of credit: they can&#039;t issue currency. </p>
<p>Also, on your 2 points:<br />
1.  The Fed is not really private.  How many private institutions need to be created with an act of congress?  How many private institutions have their chairmen appointed by the president?  Though they act like they don&#039;t answer to Congress, Congress can revoke their charter anytime they want, just like with the previous central banks (it won&#039;t happen though, sadly).  Also, the fact remains that the power of currency belongs to Congress under the constitution, not the federal reserve.  The constitution never gave congress the authority to charter any organization, period, let alone one with that power.  So yes, the Fed was authorized by Congress to handle the money supply, but not by the Constitution: our money is illegal.<br />
2.  Nixon closed the gold window.  Americans couldn&#039;t own gold legally, but foreigners could trade dollars for gold.  The dollar was still backed by gold at the time.  But other countries figured out that we printed more dollars than there was gold, so there was a run on our supply.  Basically, we defaulted.  But instead of being honest about it, he closed the window, took us off the standard and said &quot;We&#039;re all keynesians now.&quot;   </p>
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		<title>By: william readling</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-363292</link>
		<dc:creator>william readling</dc:creator>
		<pubDate>Thu, 21 Oct 2010 02:56:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-363292</guid>
		<description><![CDATA[I believe that if you offer someone a choice of receiving the price of an ounce of silver in dollar bills, or an ounce of silver, most would take the silver at this time.  I personally bought lots of stuff with silver coin as a kid.  It spends just fine. ]]></description>
		<content:encoded><![CDATA[<p>I believe that if you offer someone a choice of receiving the price of an ounce of silver in dollar bills, or an ounce of silver, most would take the silver at this time.  I personally bought lots of stuff with silver coin as a kid.  It spends just fine. </p>
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		<title>By: Faction</title>
		<link>http://tenthamendmentcenter.com/2010/10/20/clean-money/comment-page-1/#comment-363281</link>
		<dc:creator>Faction</dc:creator>
		<pubDate>Thu, 21 Oct 2010 02:36:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.tenthamendmentcenter.com/?p=6936#comment-363281</guid>
		<description><![CDATA[This is why we fact check  &lt;a href=&quot;http://en.wikipedia.org/wiki/Gold_standard&quot; rel=&quot;nofollow&quot;&gt;http://en.wikipedia.org/wiki/Gold_standard&lt;/a&gt; 
 
This wouldn&#039;t work for various reasons. Nuff said. ]]></description>
		<content:encoded><![CDATA[<p>This is why we fact check  <a href="http://en.wikipedia.org/wiki/Gold_standard" rel="nofollow">http://en.wikipedia.org/wiki/Gold_standard</a> </p>
<p>This wouldn&#039;t work for various reasons. Nuff said. </p>
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