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<p>[QUOTE="yakpoo, post: 1256574, member: 18157"]<b>I disagree with the Attorney's comments. </b></p><p><br /></p><p>If you accept the argument that the US Constitution makes Liberty dollars legal tender due to their silver or gold content...and fiat currency is also legal tender...because the Federal government "declares it so", then Gresham's law applies (bad money drives out good money). This means that the fiat currency drives the Liberty dollar out of circulation. Therefore, by definition, the Liberty dollar can't <b>"...undermine the legitimate currency of this country.”</b></p><p><br /></p><p>The Attorney's argument only holds if either US fiat currency or the Liberty dollar is NOT legal tender. Since the US Constitution clearly states that <b>"No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts"</b>, then the ruling is a defacto ruling that US fiat coinage is NOT legal tender.</p><p><br /></p><p><b>Note:</b> The US Constitution doesn't say that the State needs to actually make the coins, it simply says <b>the State must accept them as Tender in Payment of Debts</b>. If there's a question of the assayed content of the Liberty dollars, that would be a State (not Federal) issue.</p><p><br /></p><p><b>U.S. Constitution, Art. I Sec. 10 Cl. 1</b></p><p><br /></p><p><br /></p><p><b>Gresham's Law</b></p><p><br /></p><p><br /></p><p>Bernard von Nothaus' actions are "free Speech"...like burning the US Flag. I don't support burning the US Flag, but it's protected speech. He's simply pointing out that the US Constitution <b>directs </b>States to accept gold and silver coins (<b>only</b>) as Payment of Debts and his coins meets a need at the State level. I'm not saying he's right or wrong, but he should be allowed to express his opinions anyway he chooses. </p><p><br /></p><p>He's hardly <b>"...</b><b>a clear and present danger to the economic stability of this country" </b>:rolling:<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><b>EDIT: <a href="http://www.youtube.com/watch?v=XhWRDP8v9ss&feature=related" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.youtube.com/watch?v=XhWRDP8v9ss&feature=related" rel="nofollow">Ron Paul's take on thing's </a></b>(old press conference).</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Here's <b><a href="http://www.youtube.com/watch?v=pGlmidTTIKg&NR=1" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.youtube.com/watch?v=pGlmidTTIKg&NR=1" rel="nofollow">Ron Paul questioning Ben Bernanke</a></b> in Mar 2008 (note the gold/silver ticker at the top) </span><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p> <p style="text-align: left"><span style="color: #000000"> </span></p> <p style="text-align: left"><span style="color: #000000"> </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1256574, member: 18157"][B]I disagree with the Attorney's comments. [/B] If you accept the argument that the US Constitution makes Liberty dollars legal tender due to their silver or gold content...and fiat currency is also legal tender...because the Federal government "declares it so", then Gresham's law applies (bad money drives out good money). This means that the fiat currency drives the Liberty dollar out of circulation. Therefore, by definition, the Liberty dollar can't [B]"...undermine the legitimate currency of this country.”[/B] The Attorney's argument only holds if either US fiat currency or the Liberty dollar is NOT legal tender. Since the US Constitution clearly states that [B]"No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts"[/B], then the ruling is a defacto ruling that US fiat coinage is NOT legal tender. [B]Note:[/B] The US Constitution doesn't say that the State needs to actually make the coins, it simply says [B]the State must accept them as Tender in Payment of Debts[/B]. If there's a question of the assayed content of the Liberty dollars, that would be a State (not Federal) issue. [B]U.S. Constitution, Art. I Sec. 10 Cl. 1[/B] [B]Gresham's Law[/B] Bernard von Nothaus' actions are "free Speech"...like burning the US Flag. I don't support burning the US Flag, but it's protected speech. He's simply pointing out that the US Constitution [B]directs [/B]States to accept gold and silver coins ([B]only[/B]) as Payment of Debts and his coins meets a need at the State level. I'm not saying he's right or wrong, but he should be allowed to express his opinions anyway he chooses. He's hardly [B]"...[/B][B]a clear and present danger to the economic stability of this country" [/B]:rolling:[LEFT][COLOR=#000000] [B]EDIT: [URL="http://www.youtube.com/watch?v=XhWRDP8v9ss&feature=related"]Ron Paul's take on thing's [/URL][/B](old press conference). Here's [B][URL="http://www.youtube.com/watch?v=pGlmidTTIKg&NR=1"]Ron Paul questioning Ben Bernanke[/URL][/B] in Mar 2008 (note the gold/silver ticker at the top) [/COLOR]:D [COLOR=#000000] [/COLOR][/LEFT][/QUOTE]
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