Legalize Real Money!
I’ve been asked what Ron Paul fans mean when they say, “Legalize real money!” To answer this, see for yourself what the constitution says and compare it to current federal law:
Article I, Section 10, Clause 4 of the United States Constitution:
“No State shall … coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;”
(Note that on every unit of paper money the U.S. government asserts without apology: “This note is legal tender for all debts public and private.”)
Title 18, Part 1, Chapter 25, Section 486 of United States Code:
“Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both.”
So there you have it… The Constitution says gold and silver are the only valid forms of legal tender. The Congress now says, use gold or silver as money and go to jail. How could it get any more black-and-white than this?
The founding fathers understood that giving the government power to print money out of thin air was a bad idea. They knew it would lead to incredible inflation at the expense of almost every American, which it has. They knew the government wouldn’t be able to fabricate gold and silver out of thin air, so they made it law that legal tender must be in the form of gold and silver.