YOU CAN NOT PLACE VALUE INTO ASSETS THAT ARE WORTHLESS! Ron Paul
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http://cspanjunkie.org/
September 27, 2008 News Corp
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This power would become void in practice without a cental bank to protect the financial system from devastating panics.
Congress created the federal reserve in 1913 in order to carry this duty out as a result.
Your strict interpretation looks at each word in the constitution but kills its purpose.
i know Ron Paul is bad and Barrak Hussain obama is good
The Air Force
Congressional Districts
The Electoral College
Executive Order
Executive Privilege
Freedom of Expression
(Absolute) Freedom of Speech and Press
God
Okay . . .
The Constitution was meant to provide guidelines for the way government runs itself. Do not misunderstand me or any strict Constitution believer of following the sacred document so narrowly. Getting back to the original subject, a central bank is just plain bad because it gives too much power to a few people over YOUR money. Before you respond do what I say: youtube "freedom to fascism."
K?
We didn't have major panics for 70 years after the country added FDIC insurance.
Obama wants a bail out plan on his desk the day he gets into office. This time he wants the bail out really really big.