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:
No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts
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.