Money and Banking

The United States Constitution grants only to Congress the power to coin money and regulate the value.

Congress began immediately to fulfill this obligation with the Mint Act of 1792, establishing a United States mint for producing gold and silver based coin, prescribing the value and content of each coin, and affixing the penalty of death to those who debase such currency.

The federal government has departed from the principle of "coin" money as defined by the Constitution and the Mint Act of 1792 and has granted unconstitutional control of the nation's monetary and banking system to the private Federal Reserve System. Until Congress takes back complete control, the Federal Reserve System must have full and open audits.

 

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