Commodity Report 09/15/2012 Sensi Life Liberty Radio
This is the weekly commodity report from xCannabis.com Sensi Life Radio.
The topic today is federal reserve notes vs. commodity based currency.
I compare Bitcoin and Bullion to Federal Reserve notes as well as United States Notes.
There is a big difference in all of these forms of money.
I spoke about how in 2010 South Carolina Congressman introduced a bill to take care of the problems with the federal reserve in his own state:
“South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.
As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.
In an interview, Pitts told Hotsheet that he believes that “if the federal government continues to spend money at the rate it’s spending money, and if it continues to print money at the rate it’s printing money, our economic system is going to collapse.”
“The Germans felt their system wouldn’t collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s,” he said. “The Soviet Union didn’t think their system would collapse, but it did. Ours is capable of collapsing also.””
I described what John F. Kennedy did that got him publicly executed when he used an executive order to seize the power back from the federal reserve in 1963.
I then spoke about the constitutionality of currency as I understand it and here are my references for that.
This is the audio I used from a youtube video titled Federal Reserve Notes Vs. United States Notes.
In relation to Federal Preemption via the US Commerce Clause of the constitution and how that relates to medical marijuana providers and buyers. I wanted to provide a reference to this section of Article 1 Section 8 Clause 3:
Also if you would like to contribute to this broadcast, please visit our store where we accept bitcoin for purchases at: http://slu2.com/sell