Lawful Money vs. the Federal Reserve Note

"The terms 'lawful money' or 'lawful money of the United States' shall be construed to mean gold and silver coin of the United States.
Title 12, U.S. Code, Section 152 [12 USC 152]

The Constitution
Article I, Section 8, Clause 5: The Congress shall have Power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.
Article I, Section 10, Clause 1: No State shall…coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt.

The Constitution states, Congress shall have Power to coin Money out of gold and silver. But that is not the form of money we have today.

Why?


A Must Watch Video: Inconvenient Debt

"...Keynes argues that inflation is a 'method of taxation' which the government uses to 'secure the command over real resources, resources just as real as those obtained by [ordinary] taxation'. 'What is raised by printing notes, ' he writes, is just as much taken from the public as is a beer duty or an income tax.' "
1980 Annual Report, Federal Reserve Bank of Richmond, pg 10

"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money - almost any amount of it."
The National Debt, Federal Reserve Bank of Philadelphia, pg. 8

"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
1980 Annual Report Federal Reserve Bank of Richmond, pg 6

"If ...government retrains from regulation [e.g. taxes - BGM]...the worthlessness of the money [credit - BGM] becomes apparent, and the fraud upon the public can be concealed no longer."
The Economic Consequences of the Peace, John Maynard Keynes, pg 225 [February 1920 edition]

"Power tends to corrupt, and absolute power corrupts absolutely."
- Lord Acton

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." Frederic Bastiat in "The Law" http://www.geocities.com/Heartland/7006/thelaw.html

"A false balance is abomination to the LORD: but a just weight is his delight."
Proverbs 11:1

"Thou shalt not follow a multitude to do evil." - Exodus 23 vs 2

"...the LORD is our lawgiver."- Isaiah 33 vs 22

“But thou shalt have a perfect and just weight, a perfect and just measure shalt thou have: that thy days may be lengthened in the land which the LORD thy God giveth thee.” Deuteronomy 25:15

http://bible.cc/deuteronomy/25-15.htm

"See, I have set before thee this day life and good, and death and evil; in that I command thee this day to love the LORD thy god, to walk in His ways, and to keep his commandments and His statutes and His judgements, that thou mayest live and multiply: and the LORD thy God shall bless thee in the land whither thou goest to possess it.
- Deuteronomy 30 vs 15-16