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1  Bitcoin / Legal / Re: Is Bitcoin Legal? on: March 07, 2018, 08:42:39 PM
I'm new to crypto, and have some questions. Regarding legality: I'm concerned about the FED. Not a nice bunch of folks when it comes to our money system, the world's money system, and all the central banks that they control, and so on. I'm referring to the power the US Constitution grants the US Congress to coin money:

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States


Has Congress any hand in this? I'd rather it didn't, but it's a legit question. What's to prevent Congress from declaring cryptocurrency counterfeit money and nail anyone who uses it? Just a question. I don't want my head bitten off, please.

Now, "[t]he Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. §§ 221 to 522) is an Act of Congress that created and established the Federal Reserve System (the central banking system of the United States), and which created the authority to issue Federal Reserve Notes (commonly known as the US Dollar) as legal tender. The Act was signed into law by President Woodrow Wilson."

They DO NOT want anything to threaten their central banking system. JFK created Executive Order No. 11110, which "...delegating to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act, as amended by the Gold Reserve Act. The order allowed the Secretary to issue silver certificates, if any were needed." It's still on the books.

This part of the above paragraph from Wikipedia doesn't make sense, though, but Wikipedia is a questionable entity: "during the transition period under President Kennedy's plan to eliminate Silver Certificates and use Federal Reserve Notes."  Why would JFK issue an executive order to create something that he would want to eliminate? I'm quite sure he created this ex order to counter the FED. He knew they were a dangerous entity, and they are.

Some silver certs were printed--my father showed me one years ago, but I was a kid and didn't understand what it was or why it was different from other money--but after his assassination, none has been printed. I'm not saying they were behind his assassination, but I'm not saying they weren't.

What's the word on any of this? I honestly don't feel like digging through all these comment to find answers. Sorry about that. I'm so curious, though.

Thanks in advance.

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