Tuesday, December 19, 2006
Dear reader,
Not quite what I wanted to have here, but this is a rather interesting point. The mint was set up by the Congress as per the Constitution. So why would we need a Federal Reserve to supplement it? Yes, the Mint does make money, but it could also regulate the dispensers on the money too, that is, the bankers. Of course this is highly simplified, but if you reduce things to their simplicity, it also reveals what complications are not really needed!
http://library.thinkquest.org/J003358F/money1.html
So, why can't the Mint, a Government institution, control the money of the USA? To get a bit of history on the matter, read the following, rather long, but based on the Constitution.
http://www.barefootsworld.net/prophesy.html
Stephan
Not quite what I wanted to have here, but this is a rather interesting point. The mint was set up by the Congress as per the Constitution. So why would we need a Federal Reserve to supplement it? Yes, the Mint does make money, but it could also regulate the dispensers on the money too, that is, the bankers. Of course this is highly simplified, but if you reduce things to their simplicity, it also reveals what complications are not really needed!
http://library.thinkquest.org/J003358F/money1.html
So, why can't the Mint, a Government institution, control the money of the USA? To get a bit of history on the matter, read the following, rather long, but based on the Constitution.
http://www.barefootsworld.net/prophesy.html
Stephan
Labels: Constitution, Federal Reserve, Mint, Money Control
