Lots of of us are taught that the Constitution of the United States is the legislation of the land. However, the Constitution has been overlooked, deemed not sensible in the 21st century and usually grow to be irrelevant in the way congress has acted for the earlier 160 many years. The desecration of our First Structure by Congresses previous manipulations to circumvent specified articles has opened up a Pandora’s Box of contingencies that are very little regarded by the American general public. All of which proceeds to enrich the Electrical power Brokers to command the destinies of many hundreds of thousands of American’s.
In the spots of finance is the place the American citizen has been and carries on to be at the mercy of governmental intrusion. A government that has stripped away to lots of of our liberties and freedoms. Now we are faced with a quandary about the Constitutionality of not only the US greenback but the at any time encroaching cyber currencies like the Bitcoin and other cyber style currencies. At any time since 1934 when Congress amended Part 16 of the Federal Reserve Act the US dollar was stripped of it is backing of gold. And, at any time due to the fact 1960 the dollar was stripped of it is really backing of silver. So now the US greenback is Fiat money, meaning the only backing of our forex is the religion of the US authorities.
The major problem now is that the US greenback is just fiat money. Bitcoins and other cyber currencies are furthermore fiat income backed up by who is aware of excellent religion and credit rating. Then there is the financial institutions transfer techniques. The query is who controls them? These transfer methods are the pipelines that allow interbank transfers of cash. But, many situations who at any time is controlling them can intercept, shift cash into other accounts, keep on to it creating desire, cease you from transferring income and even confiscate it for bailouts, like what transpired in 2008’s money crisis. The other worry is that in accordance to the Constitution it states that no currency will be designed unless of course ti is asset backed. All these asset backed currencies are nevertheless represented as Promissory notes. We should really be reminded that asset backed notes are certificates of possession to an real commodity or real dollars with the commodity built-in into the currency itself. The dilemma is that the benefit of asset backed revenue is possibly the forex has been stolen or sold to nameless get-togethers.
When we place all this jointly the forex to the US, the greenback is now void of any unilateral backing and therefore is Unconstitutional by acts of Congress. In other phrases congress has taken it upon them selves to amend and move laws that obviously circumvents the intent of our founding and our Constitution. We also have to bear in mind that when the Federal Reserve Act was passed in 1913 Congress did so without Constitutional authority to do so. Now, our forex is only backed up by what is termed Authorities – Sponsored Company. This is a quasi-federal government entity recognized yet again by Congress to enrich the move of credit history to particular sectors of the US overall economy. Fannie Mae, Goldman Sacs and Freddie Mac are all illustrations of government – sponsored enterprises. And, we all know what these fiscal establishments did to the American community prior to 2008. They developed the worst monetary disaster because the Wonderful Despair.
What Congress has done by means of the many years has designed smoke and mirrors money entities. All of which have now produced the biggest wealth disparity gap in record, created the greatest countrywide personal debt in heritage and fostered not just one Wonderful Melancholy but several depression variety financial catastrophes that have left a sobering realization that had Congress acted in very good religion by adhering to the Constitution many of our current monetary disaster would have been prevented. In its place we are remaining with a country that is on the verge of the biggest economic catastrophe in record. All since Congress unsuccessful to abide by the Original Constitution.