Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (18153)	4/28/2003 12:07:06 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 89467

NYTimes sniffs out truth: Iraq will pay for Reconstruction this is plain as day to see the Bush Admin is lying only $2.5B funded by Congress for reconstruction first Iraq will pay for the Kuwait War then they will pay for the Reconstruction all the while, the US will force down Europe's throat a rescinding of past debts this will get very ugly the USA vs Europe we will threaten militarily they will respond by forming an alliance with remaining Arab powers their retaliation will be against the USDollar never before in the history of mankind has a world superpower been so deeply in debt nor so overwhelmingly superior on the battlefield our incremental military adventures are all paid on a credit card "WALK LOUDLY AND CARRY A BORROWED STICK" - Teddy Rumsevelt / jim

To: stockman_scott who wrote (18153)	4/28/2003 12:08:25 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Nevada vs. the Federal Reserve? - Insight April 4, 2003 By Kelly Patricia O Meara As Insight reports this week, there currently are 60 different forms of currency in circulation throughout the United States, and the reasons for issuing this alternative money are as numerous as the currencies themselves. While many have begun using new forms of currency to keep the money within their community, there are others, such as Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve, who are intent on using it to publicize the populist claim that the Federal Reserve is illegitimate. Now it appears that even some states are beginning to question whether the Fed is constitutional. A bill recently submitted to the Nevada Assembly Committee on Constitutional Amendments directs the issuance of Nevada silver coins. The act, now under consideration, states in part that: - the purported delegation by the Congress of the power to issue money to the Federal Reserve Bank, a privately owned corporation, is a violation of the terms of the U.S. Constitution; - the failure of the Congress to discharge its obligations to issue all the money pursuant to Section 8 of Article I of the Constitution absolves the state of Nevada from its constitutional obligation not to issue money; - the state of Nevada shall issue into circulation coins of the state of Nevada in the amount of $50 million. The coins must contain 1 ounce of fine silver, must be alloyed to 90 percent fineness and must bear the Great Seal of the state of Nevada on one side and the words, "Contains One Troy Ounce Fine Silver," "Twenty Dollars," "Nevada Legal Tender" and the year of issue on the other side. The coins so issued are legal tender for all debts, public and private, in Nevada. - if the Nevada Legislature determines that the U.S. Congress is fulfilling its constitutional obligation to issue money by requiring the Federal Reserve "to retire its circulating notes and causing the issuance of sufficient notes of the United States and other currency to meet the needs of the commerce of the United States and Nevada, the State Treasurer shall retire the coins authorized by this section as they are received into the State Treasury." Nevada is the first of the 50 states to consider taking such steps against the Federal Reserve, and one has to wonder which, if any state, will be next. At a minimum, it's not good news for a Federal Reserve that has made printing money and manipulating the amount of money and credit in circulation into an art form, especially on its 90th anniversary. insightmag.com