Joker on Nostr: Your Money Is Currently Lawful. However, That Is Subject To Change #GotBitcoin ...
Your Money Is Currently Lawful. However, That Is Subject To Change #GotBitcoin #BitcoinFixesThis
Myth. “Lawful Money” Is Only Gold Or Silver Coin As Prescribed By The Constitution. The U.S. has been without any such money since 1968.
The constitution in Article I, section 10 reads “No state shall…coin money, emit bills of credit, make any thing but gold and silver a tender in payment of debts…” This means that the only constitutionally valid forms of money are gold or silver coin.
This is called ‘lawful money.’ U.S. paper money used to be redeemable in lawful money, but no more. Our monetary system is based on unconstitutional forms of money!!!!!😂🤣😹
Related:
* India Gave Citizens A 50-Day Deadline To Turn In Their Rupee Notes To Banks. After The Deadline, The Old Notes Would Be Totally Useless!!!
References:
Cross, Ira B. (1938), “A Note On Lawful Money,” Journal of Political Economy, pp. 409-13. Ritter, Lawrence (1961), Money And Economic Activity: Readings In Money And Banking, Boston: Houghton-Mifflin.
Simmons, Edward C. (1938), “The Concept of Lawful Money,” Journal of Political Economy, pp. 108-18.
Remainder Of The Article: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/your-money-is-currently-lawful-however-that-is-subject-to-change-gotbitcoin-bitcoinfixesthis/
Myth. “Lawful Money” Is Only Gold Or Silver Coin As Prescribed By The Constitution. The U.S. has been without any such money since 1968.
The constitution in Article I, section 10 reads “No state shall…coin money, emit bills of credit, make any thing but gold and silver a tender in payment of debts…” This means that the only constitutionally valid forms of money are gold or silver coin.
This is called ‘lawful money.’ U.S. paper money used to be redeemable in lawful money, but no more. Our monetary system is based on unconstitutional forms of money!!!!!😂🤣😹
Related:
* India Gave Citizens A 50-Day Deadline To Turn In Their Rupee Notes To Banks. After The Deadline, The Old Notes Would Be Totally Useless!!!
References:
Cross, Ira B. (1938), “A Note On Lawful Money,” Journal of Political Economy, pp. 409-13. Ritter, Lawrence (1961), Money And Economic Activity: Readings In Money And Banking, Boston: Houghton-Mifflin.
Simmons, Edward C. (1938), “The Concept of Lawful Money,” Journal of Political Economy, pp. 108-18.
Remainder Of The Article: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/your-money-is-currently-lawful-however-that-is-subject-to-change-gotbitcoin-bitcoinfixesthis/