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<p>[QUOTE=&quot;NorthKorea, post: 1300889, member: 29643&quot;]The War Powers Resolution isn&#039;t a part of the Constitution. If Congress ever decides to enforce it, the President would be fully justified in declaring the resolution unconsitutional. The Constitution didn&#039;t give Congress the power to right laws which circumvent executive authority. Use of military force is clearly granted to the executive branch.</p><p><br /></p><p>Also, as a footnote, the two most recent Presidents to ignore the War Powers Resolution were both Democrats during periods of Republican control of the House. Of course, the War Powers Resolution was passed in 1973 with the Democrats controlling Congress under a Republican President. So, it seems, the Resolution only matters when there&#039;s a Republican President. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p><br /></p><p>Rush, I&#039;m only responding to the first sentence, since the rest of your issue was commentary on wars and the object of fiat money in the US. If you see little value in a currency backed by debt, you should seriously position 100% of your assets into PMs. Just don&#039;t complain when banks/stores refuse to offer spot price at par in exchange for goods and services rendered. A currency backed by debt, which is backed, in turn, by collateral in the form of everything listed that goes into &quot;full faith and confidence of&quot; whatever government, holds value until everyone decides it doesn&#039;t. In the case of the USA, FRNs are accepted as a form of payment for all debts owed to the US gov&#039;t. So long as a gov&#039;t exists in a stable form, it&#039;s debt has value. In order for FRNs and Treasuries to significantly lose value, the US gov&#039;t needs to see its currency fail while others thrive.</p><p><br /></p><p>I still find it hilarious that &quot;BitCoins&quot; are worth more than actual currencies. This makes no sense. They&#039;re generated by someone&#039;s algorithm randomly awarding them. They have value because druggies think they&#039;re safer than wire transfers (they&#039;re not). In theory, the BitCoin concept converts local currency into virtual currency by wasting the processing power/energy paid for in local currency to the ISP and energy utility companies. By definition, first generation users would be multi-billionaires merely because of the log scaling of distribution. Supply released cuts by 50% every five years. It shouldn&#039;t have value, but it does.</p><p><br /></p><p>I&#039;d rather have US FDNs that inflate based upon the decisions of the Fed than BitCoins which inflate according to a log algorithm. Why? Well, it&#039;s simple. If BitCoins are successful at establishing a currency, what&#039;s to stop the originator (or someone else) from doing the same thing?[/QUOTE]</p><p><br /></p>

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