Ecconomics/Politics

Article One, Section eight

It has become obvious that the main issue that people are facing today is economics, money, having it, or not having it.

Within the United States' Constitution Article one, Section eight, Clause five says that "Congress has the right to coin [print], issue the money, and regulate the value thereof." This is something that Congress has never done since its early beginning, let's say in and about 1787. Now why hasn't Congress done this, having the legal right to do so, and how did this Article get into the Constitution?

Thomas Jefferson, Ben Franklin, George Washington, and many other good men had a vision and heart, and saw their new government, conceived in opposition to the King George Government of England, as a family government. They were using Colonial Script, that had no European backing but was accepted throughout the new colonies. The idea was to let go of European usury, which was to them the the old ways, the old country, and what they were leaving behind, and revolting against.

However, the newly formed United States needed money to protect itself, to buy supplies, and to trade with Europe, since much needed goods had not been produced in the 13 Colonies at the time. And to trade with the old European agents and traders required barter, coin, and paper money that could be considered of value. The focus of the time was not to seek the necessities of life for everyone, but to seek the commodity itself known as money, gold, silver, or something material that had value.

And in 1791 , with the establishment of the first Bank of the United States, Congress, under the influence of Secretary of the Treasury, Alexander Hamilton, made a big blunder. The realists, pragmatists, and those who were bribed by European banking agents sold out Article one, Section eight, Clause five of the newly formed Constitution, and allowed private banks and European monied interests to move in to finance government and private industries.

And ever since, the American government has been borrowing from foreign investors, and still is today. Ever since, there has been debt, and when 1913 rolled around, the Federal Reserve System was formed by international bankers to protect their investments and oversee the banking operations of this country. The OSS, (Office of Strategic Services) was also formed to protect their investments in this country, which became the CIA in 1947.

However, the paradox of all paradoxes is that the Congress still has the Constitutional legal right to print, issue and circulate the money, and regulate its value. And if things get worse in years to come, they may have to use this right that they have possessed for over 200 years.