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:
That was me, and I am now wrong. This changes everything in regards to state vs federal banking charters.