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do you think the FED will do QE3 sometime this year?
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<p>[QUOTE="medoraman, post: 1413944, member: 26302"]Well, we passed Constitutional Amendments banning slavery, so that is a red herring argument. Roosevelt's impoundment was challenged in court and upheld, so again your comparison to this and the health care case is also a red herring, because the health care law has been ruled unconstitutional in lower courts, so now the Supreme Court is in the process of deciding.</p><p><br /></p><p>Basically both of your comparisons fail. The last ruling on Roosevelts impoundment was that it is Constitutional, so that is the law of the land. Also, since there is historical court precedence, overturning that ruling will be harder. Yes, I am saying that with a stroke of a pen the president could say all gold has to be turned into the US for a price of say $400 an ounce. Silver might be priced at $8. The price would not really matter, though, right? All they would be doing would be printing more paper to get your gold. Do I like this at all? Hells no, but I am simply saying this is the law of this country, that the government has this power already.</p><p><br /></p><p>As for "changes in society", I think most here would agree that the government has gotten more powerful over the last 80 years, so I do not see that changing the argument either.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1413944, member: 26302"]Well, we passed Constitutional Amendments banning slavery, so that is a red herring argument. Roosevelt's impoundment was challenged in court and upheld, so again your comparison to this and the health care case is also a red herring, because the health care law has been ruled unconstitutional in lower courts, so now the Supreme Court is in the process of deciding. Basically both of your comparisons fail. The last ruling on Roosevelts impoundment was that it is Constitutional, so that is the law of the land. Also, since there is historical court precedence, overturning that ruling will be harder. Yes, I am saying that with a stroke of a pen the president could say all gold has to be turned into the US for a price of say $400 an ounce. Silver might be priced at $8. The price would not really matter, though, right? All they would be doing would be printing more paper to get your gold. Do I like this at all? Hells no, but I am simply saying this is the law of this country, that the government has this power already. As for "changes in society", I think most here would agree that the government has gotten more powerful over the last 80 years, so I do not see that changing the argument either.[/QUOTE]
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do you think the FED will do QE3 sometime this year?
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