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by Perryman on September 25th, 2009

Perryman

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Can you explain how the Federal Reserve System can be Constitutional if, only Congress has the power to coin and issue our money supply and regulate the value thereof? Nowhere, in the Constitution does it give Congress the power or authority to transfer a

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  • by LashTyphoon on September 27th, 2009

    LashTyphoon

    Its not constitutional.
    They way the came into being our source of money is that the US gave them gold, and they gave us IOU papers in the same "value for gold". When Kennedy was in office, The US released their own paper money, and it could be used to get the gold back from the FRS. Thats why the FRS is a reserve. But theres no gold!!!!

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