Section16cattleco’s Blog

In follow up to my last post I did a little research on what rights the constitution gives the US Government to print money. It amazes me how cut and dry the constitution of the United States is. How clearly and in very few words it spells out what our government can and can’t do. It is so plain and simple that even a dumb farm boy like me can understand it!!! LOL   The first thing I found in the constitution is 1.8.5 and it states that congress has the power;

 “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”

This provision in the U.S. Constitution gave Congress the Right to produce a national coin, set the weight, fineness, and value. Also, Congress could specify the value of a foreign coin in terms of the national coin of the United States.

In section 10 it states;

“No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.”

it is clear from this provision that the State’s could not create their own coin nor could they make anything but the gold and silver coins issued by Congress as legal tender for the payments of debt. This is a constitutionally mandated gold standard.

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The Coinage Act was passed in 1792 and it spelled out very clearly what a dollar was worth and what amount of precious metal made up different coins. See below chart.

The Act authorized production of the following coins:

The coins were to contain the following markings:

• One side was to have an impression emblematic of liberty, with the inscription “Liberty,” and the year of the coinage.
• The reverse side of each of the gold and silver coins was to have the figure or representation of an eagle with the inscription “UNITED STATES OF AMERICA.”
• The reverse of the copper coins was to have an inscription expressing the denomination.

The act also defined the value of gold and silver to be 15 units silver = 1 unit gold. This act also invoked the death penalty to anyone who debased money. Does anyone else see that there could be a huge bull market in ropes and hanging platforms coming? LOL The list is very long, starting in 1913 of people that should and should have been hanged for debasing dollars by deciding to just print paper money not being attached to any value of gold or silver. We could more or less hang anyone in congress that voted on the $700 billion giveaway since the only way they will get this money is print more of it. When you print more money you debase the dollar, plain and simple!!!

Also in 1792, An Act to Provide for a Copper Coinage was signed into law by President George Washington, on May 8, 1792. This legislation resulted in the birth of the copper penny, from which descends today’s one cent piece. The Act also stipulated that “the director of the mint… be authorized to contract for and purchase a quantity of copper, not exceeding one hundred and fifty tons… to be coined at the mint into cents and half-cents… and be paid into the treasury of the United States, thence to issue into circulation.” Furthermore, “no copper coins or pieces whatsoever except the said cents and half-cents, shall pass current as money, or shall be paid, or offered to be paid or received in payment for any debt, demand, claims, matter or thing whatsoever.”

This act seems fairly ironic to me since all our coins are now made up of mostly copper alloy. How did we let the crooks in our government override George Washington of all people?

Here are some pictures of what money use to look like and how it has changed over the years. Note the text, that use to state that it was a note to paid in either gold or silver coins has disappeared on our current bills. More or less the crook politicians stole the gold and silver, gave it back to us in a form of paper money. Promised to give us back our gold and silver anytime we wanted it by printing it our paper money. Then they decided they didn’t really want to do that anymore and removed any text on paper money that stated it could be redeemed for gold or silver, basically robbing the US Citizens of their gold and silver. End of Story!!! Check out the pictures below for the proof.

1905 $20 bill – Note: It states that it may be exchanged for gold coin on demand.

Current $20 bill – Worthless Paper!!!

1886 $1 silver certificate – Note: Text says “One Silver Dollar-Payable to Bearer on Demand”

Current US Dollar – Note: There is no text that it’s redeemable for any precious metals. Worthless Paper!!!

1922 $100 bill – Note: Text says “One Hundred Dollars in Gold Coin” payable to bearer on demand.

Current $100 bill – Worthless Paper

1886 $5 Silver Certificate – Text Says “This certifies that there have been deposited in the treasury of the United States Five Silver Dollars”

Current $5 bill – Worthless Paper!!!

1934 $100,000 bill – Note the text on the bottom. One Hundred Thousand Dollars in Gold. Payable to bearer on demand, as authorized by law.