twostrokenut
Well-Known Member
See now we are getting somewhere. This is a matter of opinion not law and completely repugnant to people who just finished sending England and her mighty Central Bank home with their asses bleeding. That was not an Economic War fought to establish Austrian Economic principals? Right, by your logic the colonists were not in debt to England. I would expect no less from a Keynesian.tokeprep said:The constitution grants the federal government the power to print money--it's the source of the power to make rules, not a list of rules.
You don't think that point of view is becoming less common as people learn the true nature of money? I mean everyone else of course lol. That's like trying to trick the genie that gave you 3 wishes by making your third wish for 1 trillion wishes, it doesn't work as evidenced by our debt. Hereyee people we've given the Federal Government a list of enumerated powers, one of which gives it the power to do what ever it wants.....reminds me of children thinking of the largest number and one finally saying "infinity times infinity". What a truly silly thing to say.
The Constitution covers what happens in a Constitutional Government......so literally yes....""The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."....certainly a lot more has been assumed than was intended, or assumed to have been volunteered away by contract....it is within a persons right to contract away rights, felons do it all the time they have to sign it..... again our fault for being so complacent and ignorant as a voting populous. I remember no MLB clause in the Constitution certainly this must have been an enumerated power achieved by the printing press as well......tokeprep said:Or does the lack of an express grant mean the federal government has no such power?
tokeprep said:We can debate the "truth" all we want, but the supreme court has been clear for more than 100 years: the federal government has the power. That's that.
And around and around you go again ....putting "truth" in quotes as a lawyer would in his dictionary...saying court cases are like commandments written in stone, they are not sir......if you are going to bring those cases back up I will remind you that willing participation, by the public, in a private debt note currency system that literally is endorsed every time you sign the back of your check, is perfectly legal and lawful.....and this is what courts have upheld....now we are getting down to simplest form. I would remind you those decisions almost did not happen and were shot down as Unconstitutional many times before they were ruled that way.....does not mean that That's that by any means.
tokeprep said:A bill of credit never has to be paid back. Never. That's the problem with debt monetization. I'm sorry you still don't understand this, especially since it's exactly what you're arguing against--the government's ability to spend money that never has to be paid back. That's the very fact that makes it evil: debt monetization is pure inflation.
Well goddam let's use your awesome logic here why didn't they just officially call them bills of "Never Have to be Paid Back and Get to Do What the Fuck Ever We Want" instead of "Credit"? Should I go fetch the definition of credit for you?
It gets paid back when defaults happen and economic growth and standards of living become stagnant and begin to sink.