Re: Cheney's Halliburton to Control Iraqi Oil?

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

On Monday May 12, 2003 04:42, Andreas Pour wrote:
> Neil Stevens wrote:
> > -----BEGIN PGP SIGNED MESSAGE-----
> > Hash: SHA1
> >
> > On Saturday May 10, 2003 09:25, Andreas Pour wrote:
> > > No, that is what Congrss is supposed to do, the Federal Reserve
> > > itself is unconstitutional.  Read the Constitution.
> >
> > The Constitution doesn't require that US currency be on the gold or
> > any other standard.
>
> Correct.
>
> > It just reserves to the Congress the exclusive authority
> > to print money.  So guess who authorized the Fed?  The Congress, in
> > Title 12, Chapter 3 of the US Code.
> >
> > So in what way is the Fed unconstitutional?
>
> B/c Congress cannot delegate its powers to private companies - in fact
> there have long been serious constitutional questions about how much
> legislative power can be delegated to the Executive branch (the
> President and executive agencies such as the FAA, FCC, etc.) and the
> result is clear that a complete authority can not even be delegated to
> it.
>
> And properly so, since it is no longer a republic if Congress delegates
> all its responsibilities to the Rothschilds, is it now?  Indeed, that
> would be called Communist Russia ;-).

There have been serious constitutional questions about most of the federal 
government.

As for a private company, I think your definition of private company is 
different from most people's.  Most people don't consider a private 
company one whose existance was made by an act of Congress and whose 
leadership is appointed by the President.

I don't dispute that the Fed acts more like a private company than most of 
the government does.  I don't deny that the Fed takes profit, but then 
again, so does the Treasury department.

Do you consider the US Postal Service to be unconstitutional as well?

> > > In the case of the Fed, if you would be so grand to tell me, as you
> > > are so expert at economics, how all the US money supply comes into
> > > being? Let's start at day 0, and you can take a coconut island with
> > > two inhabitants as your example.  The important thing to note here
> > > is that the Fed has only fiat money, it is not backed by any assets,
> > > so keep that in mind with your
> > > "economics 101" analysis of our simple hypothetical island.
> >
> > Well, it's fun to call it fiat money and all, but what makes a US $100
> > bill intrinsically more or less valuable than a bar of gold or a
> > diamond? Supplies of both *are* limited, but why should something
> > man-made be less valuable?
>
> You do need Economics 101 :-).  I would suggest "Das Kapital" to you,
> but you should read "Wealth of Nations" first.

I'm not talking about theory, I'm talking about perception.  Since you're 
the one using terms like fiat money, I assumed you would see that.

> > > Of course once they have printed one $100 bill, they can afford to
> > > print - what, 500 more? - yes, 500 more, so they can convert the
> > > $0.20 to $100 and then to $50,000 and you can see how soon the Fed
> > > can have all the money it wants, there being exponential growth to
> > > the whole affair.
> >
> > Yup, it'd be *very* easy for the Fed to trash the value of the dollar.
> > That's why the Constitution prevents the states from printing money in
> > the first place.  I think it was Rhode Island who in the
> > post-Revolutionary period was just printing endless amounts of money,
> > causing lenders there to take a bath.
>
> Actually Nevada has a bill pending to coin its own currency, and part of
> the provision duly notes the unconstitutional nature of the Federal
> Reserve system. http://www.leg.state.nv.us/72nd/bills/ab/ab532.html .

Sure, Nevada can claim that, but claiming it doesn't make it so.

I'm reminded of the people who claim that they are "sovereign citizens" who 
are immune to any court that displays a flag with a gold fringe.

- -- 
Neil Stevens - [email protected]
"The shepherd drives the wolf from the sheep's throat, for which the
sheep thanks the shepherd as a liberator, while the wolf denounces him
for the same act as the destroyer of liberty." -- Abraham Lincoln
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.2.1 (GNU/Linux)

iD8DBQE+v48uf7mnligQOmERAqEkAJ949nO5OaTwWgleRiuzLSj6i0ErQQCfY7Ef
yURgqvXSI7ET4UIGGFnU3DI=
=Z2si
-----END PGP SIGNATURE-----


Kde-cafe mailing list - [email protected]
http://ofb.biz/lists/listinfo.cgi/kde-cafe

DISCLAIMER: The views expressed on this mailinglist are the personal
opinions of the author and do not represent OfB.biz: Open for Business, KDE or the author's employer.