Easily Replace Currency from the Company Constitution

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How to Replace Currency from the Company Constitution

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With all the talk of reckless money printing, hyperinflation and debasement of currencies around the world today, it sounds reasonable to have some kind of backup plan ready to replace regular currencies should the need arise. Now of course there are crypto currencies and they are great as alternative investment vehicles, but their high transaction fees and slow processing times make them extremely unsuitable to replace something like the American dollar, in whatever form it may take. This is all really frustrating because a nations currency is supposed to serve the people of the nation and it does genuinely seem like in recent years this role has mutated into bending the economy to the whim of policy makers who may not always have the best ideas. If only YOU had access to the control panel, you could stop all of this reckless money printing (that ing to some top economists and financiers, is driving us towards hyperinflation Armageddon). This begs the question, how could you create

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What does the Constitution say about currency?

Article I, Section 8, Clause 5: [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . . National Bank v.

What does the Constitution say about finance?

U.S. Constitution, Article I, section 7, clause 1 No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

Did the Constitution establish a uniform currency?

After the U.S. Constitution was ratified, Congress passed the Mint Act of April 2, 1792, which established the coinage system of the United States and the dollar as the principal unit of currency. By this Act the U.S., became the first country in the world to adopt the decimal system for currency.

What does the Constitution say about fiat currency?

The United States Constitution does not mention paper money by that name. Nor does it refer to paper currency or fiat money in those words. There is only one direct reference to the origins of what we, and they, usually call paper money. It is in the limitations on the power of the states in Article I, Section 10.

How did the Constitution fix currency?

The Constitution contains only two sections dealing with monetary issues. Section 8 permits Congress to coin money and to regulate its value. Section 10 denies states the right to coin or to print their own money.

Does the Constitution regulate currency?

The Constitution gives Congress the power over the currency of the United States including the power to coin money and regulate its value. Congress also has the power to charter banks to circulate money. The converse power of the creation of currency is to regulate any and all counterfeit currency.

Does the Constitution say money is only supposed to be gold or ?

The Constitution having prohibited the States from making anything but gold and silver coin a tender in payment of debts, it follows that the Court of a State cannot make United States paper or any other paper such a tender, or compel a creditor to receive it in satisfaction of a debt.

Does the Constitution say gold and silver are money?

Since the US Constitution states no state shall make any thing but gold and silver coin a tender in payment of debts, some believe that this is the definition of lawful money and, thus, any payment medium other than gold or silver is not considered lawful money.

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