SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (17303)8/13/2002 3:03:21 PM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 36161
 
Wayne - (EDIT) Goldmoney is what I was refering to as possibly un-constitutional.

Art.1 -Sec 10: No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts;.....

IMHO, goldmoney still is tolerated as it is very limited.
Another story woul be to monetize (thesaurize, take away from the market...) 4 or 500 metric tons a year.
If no state may coin money, let be a company, even off-shore.
Don't push the Fed <g>.

Funny Sec 10: make anything but gold and silver coin a tender in payment of debts;.
Haven't seen an amendement. Does anyone?

EDIT
Added the link to the Constitution. I figure only the newly naturalized citizens have read the Constitution. LOL.
law.cornell.edu