Besides the usual “we will kill the dollar at rate of 2.0% per year”, Powell’s hatred of the US Constitution (and gold) is on display for ALL TO SEE…
I’d say I don’t believe my eyes or my ears, but that would not be the truth!
Where to begin?
Well, let’s start with Article 1, Section 8 of the US Constitution:
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
This is why the US dollar and it’s derivatives ($0.10, $0.25, $5, $10, etc) are supposed to be SPECIFIC weights and purities.
Well, for that, there’s Article 1, Section 10:
make any Thing but gold and silver Coin a Tender in Payment
And how do we do that?
Well, we did that with the Coinage Act of 1792 (bold added for emphasis):
Eagles—each to be of the value of ten dollars or units, and to contain two hundred fort-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold. Half eagles—each to be of the value of five dollars, and to contain one hundred and twenty three grains and six eights of a grain of pure, or one hundred and thirty five grains of standard gold. Quarter Eagles—each to be of the value of two dollars and a half dollar, and to contain sixty one grains and seven eights of a grain of pure, or sixty seven grains and four eights of a grain of standard gold. Dollars or the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver, Half Dollars—each to be of half the value of the dollar or unit, and to contain one hundred and eighty-five grains and ten sixteenth parts of a grain of pure, or two hundred and eights of a grain of standard silver. Quarter Dollars—each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver. Dismes—each to be of the value of one tenth of a dollar or unit, and to contain thirty seven grains and two sixteenth parts of a grain of pure, or forty one grains and three fifth parts of a grain of standard silver.
And that has been our money for more of US history than this Unconstituional, debt-based fiat Federal Reserve note fraudulent crap that is shoved down our throats today.
Speaking of today, let’s fast forward to it, shall we?
“Do you think the US should go back to the gold standard for our currency”
(we’ll let this Rep’s total ignorance of silver and TOTAL IDIOCY in regards to the volatility of gold slide for a moment)
And the answer?
Well, hear it from Powell himself (and watch him get very, very uncomfortable):
You think Powell could man-handle such a horribly worded question!
Which had pitiful follow-through due to her real lack of intelligence.
I don’t know about you, but I just threw-up a bit in my mouth.
Jerome Powell’s a domestic terrorist in the United States?
As the Fed openly & publicly murders the US dollar.
In complete disregard for the US Constitution.
Fed’s a homegrown domestic terrorist cell?
Yet again, today, on full public display.
The Fed’s actions are the worst.
They murder millions daily.
Through their “policies”.
Yet they’re praised?
What a shame.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.