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<p>[QUOTE=&quot;fatima, post: 876648, member: 22143&quot;]The Constitution only refers to lawful money.&nbsp;&nbsp; The way they got out of having to deal with the pesky Constitution was to create the Federal Reserve.&nbsp; Technically it is a private institution and holders of Federal Reserve notes have an obligation with the Federal Reserve, not the US Government or US State.&nbsp; Thus, the Constitutional laws regarding Lawful Money do not apply to holders of Federal Reserve Notes.&nbsp; It&#039;s a private contract and thus laws affecting private contracts such as taxation can be applied.&nbsp; This is the somewhat legal argument that allows the Constitutional arguments to be avoided.&nbsp; </p><p><br /></p><p>The money we use now, i.e. Federal Reserve notes are legislated money, not Constitutional or rather lawful money.&nbsp;&nbsp; Because it is legislated, as long as they don&#039;t violate the constitution by taking away a right, basically they can do as they wish and that is where we are today with the Federal Reserve.&nbsp;&nbsp; It only exists, basically, to get politicians elected because it allows them to spend money without having the immediate taxation required in the Constitution.&nbsp;&nbsp; (this is the real reason they quit circulating US issued notes in 1971)</p><p><br /></p><p>There are a lot of people who will argue that there are a lot of legal ambiguities over this and I tend to agree.&nbsp; However this has been several generations in the making and the memories of what money used to represent are long gone.&nbsp;&nbsp; In other words, most people have no idea now and think it has always been this way.&nbsp;&nbsp; </p><p><br /></p><p>Basically the dollars we use now have only been around since 1971, and not surprisingly, 97% or 98% of the entire US historical debt has been run up since that time.&nbsp; Of course the unlimited printing of money rerquired them to remove the PMs from one of the holdovers of the previous system, i.e. coins.[/QUOTE]</p><p><br /></p>

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