You are correct in that gold and silver aren't lawful money.........at least until they are minted into such. Read the US Constitution.
Congress shall have the power to coin money and regulate the value thereof.
Art 1 sec. 10... No state shall......make anything but gold or silver coin a tender in payment of debt.
We have been hoodwinked by our elected officials. If we had "lawful Money" as per the US Constitution we would have a hell of a lot less problems. Federal Reserve Notes are "tree money" and gold or silver coin are real money as per our Constitution.
On Jun 28 04:53 AM Dave Wrixon wrote:
> Sorry this is a mixture of lies and half truths. For a start Gold > and Silver aren't Lawful Money anywhere, they are exotic commodities.
What Really Backs the U.S. Dollar? [View article]
Congress shall have the power to coin money and regulate the value thereof.
Art 1 sec. 10... No state shall......make anything but gold or silver coin a tender in payment of debt.
We have been hoodwinked by our elected officials. If we had "lawful Money" as per the US Constitution we would have a hell of a lot less problems. Federal Reserve Notes are "tree money" and gold or silver coin are real money as per our Constitution.
On Jun 28 04:53 AM Dave Wrixon wrote:
> Sorry this is a mixture of lies and half truths. For a start Gold
> and Silver aren't Lawful Money anywhere, they are exotic commodities.