Monday, October 11, 2010

Devaluing the dollar should equal death??? Sounds a little extreme...

This is going to be short and sweet. I was just doing some research online and stumbled upon something that is funny yet so scary at the same time.

According to the Coinage Act of 1792, a lot of people in control of the US Monetary policy should be sentenced to death.

Here is an excerpt from the US Coinage act passed on April, 2 1792.

From: United States Statutes at Large, 2nd Cong., Sess. I., p. 246-251
April 2, 1792:
"And be it further enacted, That if any of the gold or silver coins which shall be ... debased ... every such ... person who shall commit ... said offences, shall be deemed guilty of felony, and shall suffer death."

It sounds a little extreme, but think about it. What Bernanke, Obama and Geithner are doing is causing more damage to our country than any other crime in the history of our nation. I guess if you put it in those terms, it doesn't sound so extreme.

The question is, HOW are these politicians (both democrats and republicans) circumventing the constitution so easily and so regularly?

Maybe we should have a physical audit of Fort Knox for the first time since 1954 to see how much gold our country really has to back the currency. Anyways, that's it for now!

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