The same holds for all derivatives and permutations of said paper.

I cite Mr. Carson’s wonderful monograph and its 1884 precursor by George Bancroft, in this monograph:

http://thisbloodlesslibertythebook.blogspot.com/2011/12/miracle-of-paper-coins.html

Then in this monograph, I expose today’s false “gold standard” snake oil salesmen, explaining that Washington D.C. has practiced definitive communism and fascism for generations — and then I propose a perpetual solution that is lawful, peaceful, practical, and in complete harmony with Madison, Jefferson, and Andrew Jackson:

http://thisbloodlesslibertythebook.blogspot.com/2011/09/exposing-fools-gold-standard.html

As Davidson and Rees-Mogg posited over a decade ago in their modern classic ‘The Sovereign Individual’, the Information Age and the Internet have doomed all redistributionist bureaucracies. The rate of these merciless dinosaurs’ deaths will depend on the tactical wisdom of their respective prey populations.

My bet is on us Americans.

Merlin, Home: Ah, if only Congress had refused to be bought off
with promises of paper riches. And IF only the people had done their
part, had demanded that Government stay within it’s lawful
limitations.

Mike, Norwalk: That is one reason why the Federal Reserve is a
private entity. It is a facade that the Government is not printing
money, and that it is only borrowing it. Just a couple of legalese
issues breeching the facade. There is no Constitutional authority to
issue or create corporations. A corporation being a bifurcation of
ownership – the government holding equitable title and the Fed holding legal title (control) The silent facade is then the beneficiary borrowing from the trustee. So in reality, the nationalist Government is causing money to be printed from its legal self in a most heinous manner so as to doubly destroy the economy. It creates debt (a fluid and transferable denominated medium) at will by simply turning up the printing press (or electronics) and accepts interest on the folly.

Further, because the paper money has no intrinsic value, it is given
legal value through threat, duress and illusion by government actors. Prior to 1913, the individual was sovereign, and united with other sovereigns gave authority to the State. The States then came together in giving their united expression (the federal government) authority to operate. There was no Constitutional authority, criminal or civil, for the Federal Government to impose on the individual. If the Federal Government borrowed money, it did not, could not, transpose such debt to the individual. Those who’s business it was to monitor the Federal Government (the State) could demand sound fiscal policy from their united expression. A trifecta was needed to breech that most sacred of We The People’s safeguard. The Federal Reserve was created, The 16th Amendment was implemented so as to pass the debt on to the individual and, give such medium value. Third, Social Security (understood to be unconstitutional even in the most basic 101 class) was unconstitutionally created to give further value to the debt and put a face to the debtor.
–
jim k, austin: The Constitution provides as much protection as
one of those paper toilet seat covers to individuals who are ignorant or apathetic about rights.
— Bryan Morton,

Stuart, Florida
I defer to Mike..He’s said it well.
–
Waffler, Smith: This is BS. The Constitution prohibits States from 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?
–

–
E Archer, NYC: Very well said, Mike. Er, Waffler, are you dense? In Article 1, Section 8 of the US Constitution, “To coin Money” means what is says; “To borrow Money” means what it says. Section 10 goes on to say, “No state shall… coin money; emit bills of credit; make any Thing but gold and silver Coin a Tender in Payment of Debts” I have yet to find a clause in which the right to emit bills of credit was granted to the federal government. Secondly, today, the federal government is not ‘borrowing’ ‘money’ — Treasury Bonds, also known as T-Bills are in fact bills of credit except that there is no promise to pay in real money (i.e. gold or silver). The Federal Reserve does not ‘lend’ gold or silver, it merely prints up its own bill of credit in exchange for the government’s bill of credit. Here lies the crux of
matter: our ‘money’ is not money at all — it is nothing but bills of credit, issued by a private corporation, ‘borrowed’ by the federal government, and forcibly foisted upon the sovereign states and the People because all gold and silver has been taken out of circulation. If this isn’t the debasement of the currency, I don’t know what is!!

Now all of the states and all of the people and the entire federal
government are dependent upon this fraud. Congress has been filled
with the puppets of the globalist bankers with the help of the Council on Foreign Relations and other Rockefeller foundations designed to permanently indenture the US (and the rest of the world) to their banking cartel. If we didn’t have this system, our economy would not be in this mess AND Congress would not be able to lay another trillion dollar debt upon the nation without any means of repayment. God help
us.
–

Anon: Amen.
–
jim k, austin: E Archer, trying to educate Comrad Waffler is like trying to teach a pig to whistle. It’s impossible to do and it only annoys the pig.

.
–

Bryan Morton, Stuart, Florida Only the educated are free.

http://www.thefreemanonline.org/columns/the-constitution-and-paper-mo...

http://www.fff.org/freedom/fd0608a.asp

did coin have secret esoteric meaning back then?

and if have they power to coin money doesnt the congress , when they borrow money on the credit of the us, have to borrow coins if they only have the power to coin money only?

or could they borrow any old money, camel dung ie, on the credit of the us?

were there other writign stating that boorowing money meant coin??