[Homestead] Another take on F&F
william Eggers
wce1482 at yahoo.com
Sat Sep 13 15:57:14 EDT 2008
No. The Fed can print money, but what the government spends can not be authorized by any other inity. It is specified in the Constitution.
--- On Sat, 9/13/08, bob ford <bobford79 at yahoo.com> wrote:
From: bob ford <bobford79 at yahoo.com>
Subject: Re: [Homestead] Another take on F&F
To: homestead at lists.ibiblio.org
Date: Saturday, September 13, 2008, 1:34 PM
When congress abrogated its constitutional authority to produce currency and
made the federal reserve the de facto constitutionally empowered central bank,
didn't that issue become resolved? .....bobford
----- Original Message ----
From: william Eggers <wce1482 at yahoo.com>
To: homestead at lists.ibiblio.org
Sent: Saturday, September 13, 2008 11:23:52 AM
Subject: Re: [Homestead] Another take on F&F
What everyone seems to forget about this bailout, is that it is not legal.
The constitution states that all moneys spent by the government must be
authorized by congress and this money was not so authorized.
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