I am so sorry Archer that you have no blessings to be thankful for. It is just a damn pitty, if I were as destitute of blessings and intelligence as you I guess I would be a man without a country also. I want no part of any country you may ever find a home in.

Appears to be an esoteric area that some have kind of got off on a tangent with. States are forbidden to issue bills of credit (paper money that is) based solely on the good faith of the state. States license and regulate corporations, It would be surprising for states to give corporations rights and powers that it itself does not have to issue money.

This quote is correct. And the law is good and perfect, all states adhere to this good law. You all may pay your states in good ole US Greenbacks, whadda care if you think they worthless anyway, giv'em to the states.

This is BS. The Constitution prohibits States from issuing paper backed only by the States "good name" or "good faith". The Constitution specifically empowwers the Congress "to coin money" and "regulate the value thereof", "provide penalties for counterfeiting the securities and coin" of the USA, and "to borrow money". Now there are some of you who will say that coin is not paper money and I will argue that when I put paper money into a coin changer I get out four quarters, so what is the big deal?

Yes is the correct answer. Just as we are "taxed" by the insurance companies to guarantee the payments of claims under their policies we are taxed by the banks so that they can pay their FDIC premium to insure against them reneging on their debts (our deposits). All these things are based on the law of large numbers. Now I feel absolutely certain that many of you who are independently thinking people (to a fault I might add) cannot fathom something like the "law of large numbers" or "insurance" or public guarantees of institutional strength etcetera. And all I can say to that fact is "it is just a damn shame" you don't get it!

There are more billionaires and millionares than ever. I and my girlfriend have two homes, five vehicles, one fith wheel, one cuddy cabin boat are free to travel etcetera. Sorry to bore you with details. What is the talk about plunder? The national government has spent for a number of years more than it has raised. This must change and soon. It is unfair to pass on to others current debts unless they are for absolutey emergency purposes like a defensive war. Bush's war on Irag or for Iraq without paying for it was a scandal etcetera. With all of our yachts, sky scrapers, and billionaires we obviously have no problem of balancing our National Books. Our only problem is politcal will. The Repubs. in Congress now are just posturing for the next election. They now have it made becasue everything can be done without them and they only have to decide whether or not history will find them culpable of sitting on their hands or doing something and thus making a mistake. The Repub Governors are not such cowards as Crist of Florida has shown today. What the quotes of today have shown is that we always have these problems and we alwasys solve them. So buck up Warren get your chin off the floor and buck up!

So after all we have been doomed form almost day one so what is everyone so excted about today, or maybe it is just human nature to be complaining. The better we have it the more we complain, go figure.

I agree 100% woth Roxy! We have survived all of these cynics of the past that have been quoted today. I have ultimate confidence that we will survive the cynics of today. In reference to Hayek how did the citizens of the USA become so successful and the nation come to be considered the wealthiest in the world by this constant plunder. Those who think that we have been plundered are smoking something or drinking at a drugged or poisoned trough. (I agree with Roxy's comment but not the five stars for this quote.)

2 hours ago it was reported that 54% are for it!

Welcome Elisabeth they really do have wisdom in Astoria, NY. Your expression of faith and wisdom in the amazing politcal system of our Great Country is a breath of fresh air compared to the usual bunch of diatribe, negativity, and faithlessness we get from many contributors on this site. Please give us more from your fine tuned mined.

Who said that it is the truth. But it is safer to follow the consensus of opinion, state your reservations, and keep on trucking that far out organizations like National Alliance for Constitutional Money, what a wacko organization! And why does liberty-tree print as if in any way such goof ball organizations have "quotes" that are worth being broadcasted. It is like listing to Rush'es BS.

Yeah he has something going called Fight for Honest Monetary Weights and Measures.

Blessed are the nonsavers for they cannot be wiped out. The Buffets, Gates, and Trumps must be shaking in their boots. I am being facetious above of course. The biggest wipe outs have been from white collar theives, like Madoff, and corporate scandals like Enron and World Com. Maybe we should give the death penalty or life without parole for these folks similar to the penalties we give kids that rob convenience stores. Is this guy not only the President but the one and only member of FAME. I will google him and his org and report back.

So Keynes has observed that Lenin was a smart man. Big Deal. The debauch of any currency will lead to an upset of any economic system regardless of what you call it capitalist, socialist or anything in between that uses currency. When I was in Korea it was said that cases of US Army MPC (military payment certificates) were stolen off of a dock in Inchon. Over night the Army issued new notes making the stolen money worthless. So yes anytime a currency becomes debauched it is time to establish another. As for now the US Dollar is the prefered currency around the world.

Based on her status and position in her organization of choice (or one of her organizations of chocie) she has been fooled or acted the fool for a very long time. You can never fool the majority of the voters, whatever the majority says in a democracy is sacrosanct within the limits of the Bill of Rights.