Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Hypothetical Silver Coin Situation
>
Reply to Thread
Message:
<p>[QUOTE="Coinman_Ben, post: 876616, member: 9923"]I think Article I section 10 of the US constitution only prevents states from printing their own currency. It doesn't prevent the Federal government from printing paper money. During the civil war, the federal government printed the Greenback to pay it's military during the war, the constitution allows for that to happen, but what it doesn't allow is for the federal government to outsource the printing of money to a private entity, which is basically what we have with the not-so federal reserve. This is a very dangerous position the government has taken with the Federal Reserve because it is paying interest to the Federal Reserve on money it is not able to create. </p><p><br /></p><p>What the government is doing right now is getting a cash advance to pay off a credit card, than getting another credit card to pay off the cash advance and it's repeating that dangerous cycle.[/QUOTE]</p><p><br /></p>
[QUOTE="Coinman_Ben, post: 876616, member: 9923"]I think Article I section 10 of the US constitution only prevents states from printing their own currency. It doesn't prevent the Federal government from printing paper money. During the civil war, the federal government printed the Greenback to pay it's military during the war, the constitution allows for that to happen, but what it doesn't allow is for the federal government to outsource the printing of money to a private entity, which is basically what we have with the not-so federal reserve. This is a very dangerous position the government has taken with the Federal Reserve because it is paying interest to the Federal Reserve on money it is not able to create. What the government is doing right now is getting a cash advance to pay off a credit card, than getting another credit card to pay off the cash advance and it's repeating that dangerous cycle.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Hypothetical Silver Coin Situation
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...