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.
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.
Sure, they've been "audited", by the federal government. We know that they have acquired thousands of metric tons of Gold over the decades, so it is somewhere. I just figure that if we went in and took a look, it wouldn't look quite like we would expect.