The Bursting Debt Bubble. America’s Greatest Danger!. WARNING!!!!. What you are about to see is highly controversial, and may be offensive to some audiences. Viewer discretion is advised: It may well cause anxiety and sleepless nights to viewers unprepared to: HANDLE THE TRUTH!!!.
The Bursting Debt Bubble
America’s Greatest Danger!
HANDLE THE TRUTH!!!
What choice did the soldiers have, really? There truly was no silver available to pay them – since they had failed to gain the targeted FURS, gold or silver from the French garrison at Quebec.
Half-Crown silver coin of George II, 1746. The inscription reads GEORGIUS II DEI GRATIA (George II by the Grace of God). Under the King's head is the word LIMA, signifying that the coin was struck from silver seized from the Spanish treasure fleet off Lima, Peru.
Map showing British territorial gains following the Treaty of Paris in pink, and Spanish territorial gains after the Treaty of Fontainebleau in yellow.
Art. I Sec. 8 Cl. 5 [Congress shall have Power ... ] To coin Money, regulate the Value thereof, and of foreign Coin, ...; Art. I Sec. 10 Cl. 1 [No State shall ...] make any Thing but gold and silver Coin a Tender in Payment of Debts; ... Note that there is no such prohibition against Congress, or any delegated power to make anything legal tender. Congress was originally understood to have no power to make anything legal tender outside of federal territories, under Art. I Sec. 8 Cl. 17 and Art. IV Sec. 3 Cl. 2, but in 1868 a Supreme Court packed by Pres. Ulysses S. Grant, in the Legal Tender Cases, allowed Congress to make paper currency issued by the U.S. Treasury, backed by gold, legal tender on state territory, a precedent that remains controversial to this day, as courts now allow paper currency not backed by anything to be considered "legal tender".
----Mayer Amschel Rothschild (Bauer) 1773-1855 (Notice the Blood-red “Iron Cross)