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Message Subject Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Poster Handle Anonymous Coward
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 Quoting: Anonymous Coward 40017194


Several problems with that reasoning. The courts have already recognized that Congress has the authority under the constitution to create paper money. And the courts have already recognized that it is that power being excercised in the issuances of FRNs.

Appellant's contentions, in our view, were put at rest close to a century ago in Juilliard v. Greenman, 110 U.S. 421, 448, 4 S.Ct. 122, 130, 28 L.Ed. 204 (1884), in which it was said:
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" . . . Under the power to borrow money on the credit of the United States, and to issue circulating notes for the money borrowed, its power to define the quality and force of those notes as currency is as broad as the like power over a metallic currency under the power to coin money and to regulate the value thereof. Under the two powers, taken together, Congress is authorized to establish a national currency, either in coin or in paper, and to make that currency lawful money for all purposes, as regards the national government or private individuals. . . . " (Emphasis supplied.)

8The power so precisely described in Juilliard has been delegated to the Federal Reserve System under the provisions of 12 U.S.C. § 411. Appellant's challenge to the validity of this legislation is meritless. Cf.31 U.S.C. § 392.

 Quoting: Milam V. the US


Which essentially guts the entire 'unconstitutional currency' argument. I believe 'meritless' should about cover it.

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