Monday, April 06, 2009

Campaign For Liberty — Constitutional Tender Act testimony before the banking subcommittees of the Georgia House

Campaign For Liberty — Constitutional Tender Act testimony before the banking subcommittees of the Georgia House: "The Constitution of the United States recognizes sovereignty of the states in article ten of the Bill of Rights. However, the states are forbidden to make 'any Thing but gold or silver Coin a Tender in Payment of Debts' in Article I section 10. The central government is given no power to make a tender at all. Furthermore, on August 16, 1787 a motion to strike out the power of Congress to 'emit bills on the credit of the U. States' carried nine to two. All the discussion regarded 'bills of credit' to be 'paper money.' Article I section 8 of the Constitution allows Congress the power to 'Coin money' which obviously concerns coins and not paper. Indeed, why would the founders grant the Congress the power to create money that the States would be forbidden from making a tender? Despite Washington DC's ignorance and hostility to the Constitution of the United States, we in Georgia have an obligation to do our best to follow it. The Constitutional Tender Act is a good start at compliance with the Constitution."

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