My question is, after reading this article, who put the debt ceiling there to begin with?![]()
The coin that could avert a federal debt default
An increasingly vocal chorus is calling for the U.S. to #MintTheCoin — the $1 trillion coin.www.axios.com
Just reading this article should alarm anyone as to how precarious things are.
I was also intrigued with their word, Cudgel, so, I looked it up online in Webster's 1828 online dictionary. I like the older dictionary's bc, I feel they are less corrupted. So, here is 1828 Webster's online dictionary's definition;My question is, after reading this article, who put the debt ceiling there to begin with?
And, I do know, that Sec.4 of the 14th Amend states, that the validity of the public debt shall not be questioned.
So, ty Declan for sharing and posting this article, bc, now, I am wondering how the public debt began in the U.S. Constitution?
And, then of course, my other questions are; why would any state/nation peoples agree to such a thing, meaning, not be able to question how, why, or what the public debt was to be raised for, by this federal union's govt?
In thinking out loud here, I will def be researching into this. Ty again for posting and sharing Declan.
I think you are correct. I just started looking up how it went with the Articles of the Confederation and their so called debt.I am open to correction but I assume the Debt Limit was imposed by the Legislature and not The Constitution as I never saw anything like that mentioned that I remember
The had seen what had happened with the first two Central Banks, neither of which had their 20 year Charter renewed .The Federal Reserve Bank initially was on a 20 yr Charter with the U.S. Government that was legislated by Congress in 1913.That 1913 Charter was due to expire in 1933. But, in around 1926 or 1927, the McFadden Act was passed and within the middle of that Act, there was a hidden act, turning that federal reserve bank original charter, into a standing perpetual charter. They did this about 6 or 7 yrs prior to the original contract's expiration date. Once the expiration date's yr came around FDR made his proclamation, which was followed up via Nixon in the 1970's.
I would like to add that it was in the 1970's too, I think, 1976, which Congress then passed the Foreign Soverign Immunities Act, which allowes everyone to return to the original state govts along with their original fed union govt. I think it is all connected somehow and I only say this due to my studies of law and history over the past 12 yrs or so.
Petrol is 1 euro and 62 cents per litre here in some stations. If it gets much higher i will be buying a bicycle lolToday the price of West Texas Crude is again up above 82 dollars. Heating oil is going to be 45% higher than last year, about $600 extra.
Everything is set up for a dramatic turn of events now..