I see in Article 1 Section 8 that they have the power to coin money and establish value thereof. I would assume that would include bills of credit as well until I read Article 1 Section 10. It denies the states the power to coin money and it also denies them the power to emit bills of credit. So it has made it very clear that coin money and emit bills of credit are different powers of government. But wait, where does it say that bills of credit can NOT be emitted by the Federal Government? O shoot the 10th amendment forbids the Federal Government from taking any action that is not authorized by the Constitution and its Amendments.Now I understand that the Supreme Court does not interpret it like this. They did at first with Hepburn v. Griswold but that was overturned by Knox v. LeeWhat do you think?
The federal government has rarely used its power to establish the value of money. Throughout most of our history, they've turned that duty over to a central bank that wasn't answerable to the people. At least in the past they put a time limit on the bank's charter, unlike the Federal Reserve Act which places no expiration date on their charter. I don't know of any part of the Constitution that authorizes Congress to establish an independent central bank to control our currency.
Interesting. I have never had that one questioned. I will have to look into it deeper, as it seems that you are 100% accurate. And the Supreme Court has been misinterpreting the Constitution for quite some timeThe States need to reclaim their rights by nullifying ALL federal usurpations of powerand the Supreme Court has no Constitutional power to stop them. For those about to mention the Supremacy Clause.the federal government is superior to the states ONLY in those limited powers granted to the federal government, not across the board.
It is part of 'establish the value thereof'
Paper money (bills of credit) are issued by the Federal Reserve which is separate from the government. Coin money is issued by the US Treasury, which is part of the government. z
