Supreme Court Ruling: State Sponsored Banks Can Disband from the Federal Reserve System and Issue Their Own Currency
The Supreme Court upheld the state's right to maintain its own charter and allow state banks to issue gold-backed currency, bypassing the Federal Reserve's corporate system.
Now, THAT is noteworthy.
I know someone here was claiming that there is no "dual banking system," but clearly there is, in the sense that state-chartered banks CAN (if the state allows) conduct banking business separate from the feds, and especially from the Federal Reserve's private operation.
Add to that the FACT that the Constitution REQUIRES that no state may make ANYTHING legal tender other than gold and silver, and maybe we can move back to constitutional rule of law.
Article 1, Section 10:
It's huge. I hope you are in a state that is not completely under the DS. I think the south will rise again.
I could see people asking to be paid in their state gold backed bank note instead of bullshit monopoly money because it holds its value over time. Each year more and more people will choose this and the federal dollar will wither away.
Weeks, not years.
The problem is that the Fed has the largest stockpile of gold in the world. If we move our currency over to gold, we will be handing over all the wealth to the elites. They'll be able to swamp the market with gold and devalue the currency at will. They won't need to do the great reset, we will be doing it for them already. If you think we can just raid Fort Knox, you'll discover the world's largest repository of gold-plated lead bars.
"The problem is that the Fed has the largest stockpile of gold in the world."
Not the Fed, the Treasury. The Fed was rolled into the Treasury under Trump. Although your point still stands with respect to the Roths. I am sure they own more gold than than the US in those Swiss mountain vaults.
Do we know that for a fact? Has the federal reserve been audited, specifically for physical gold? At the rate the fed reserve keeps printing money,Mia don’t see how that’s possible. They would have to continue buy8ng gold.
Silver then? Or just paper with a finite supply. Anything other than bullshit monopoly money with an infinite supply.
I remember reading about it. Didn't Abe Lincoln created that back then?
Hear-hear! Those facts and that line in the Constitution need to become common knowledge.
https://constitutioncenter.org/the-constitution/full-text
Article 1, Section 10 (first paragraph of three):
Section 10: Powers Denied to the States
Here's another favorite:
Article 3, Section 4:
Section 4
Definition (from the on-disk dictionary of my copy of MAC O/S)
NOTE: VOTE FRAUD prevents the PEOPLE from exercising their choice for their elected officials, meaning that in California, Oregon, Arizona, Washington state, and other places where vote fraud is rampant, we don't actually HAVE republican forms of government. Vote fraud is therefore a FEDERAL matter. Oddly, is isn't really being framed in that way in most discussions.
Ho Li Fuk. That ruling just sort of came out of nowhere.
It sounds like a huge deal for states rights and getting back to a constitutional republic - federation of states.
I have no idea how this is going to work out, but I really like the currency backed by precious metals part. Hmmm... I guess that leaves platinum out of the running though... if only gold and silver allowed.
Platinum still has value for exchange of goods (it's still a very valuable metal.)
Unfortunately that only applies to states, and not banks
Wouldn't a state backed or state run bank qualify?
That was me, and I am now wrong. This changes everything in regards to state vs federal banking charters.