Investing Thread (Stocks, Crypto, Real Estate, Whatever)

[DBTrek]

Where’s it say the government can’t print money?

The powers of the federal government aren't defined by "where in the Constitution is this forbidden".
They're defined by "where in the Constitution are they given the power".

Good grief man, are you trolling me?
You're the lawyer.
https://fee.org/articles/the-constituti ... per-money/

[Martin Hash]

Aren't crypto technically bills of credit?

I’m still not following?

TC thinks he can use the Constitution provides for argument. It's moot.

Oh, I haven't heard that since Law school.

[The Conservative]

Where’s it say the government can’t print money?

Aren't crypto technically bills of credit?

I’m still not following?

Fiat money notes (‘bills of credit’) are forbidden by the US constitution. As far as I can tell, isn't Crypto nothing more than a credit?

[Martin Hash]

Aren't crypto technically bills of credit?

I’m still not following?

Fiat money notes (‘bills of credit’) are forbidden by the US constitution. As far as I can tell, isn't Crypto nothing more than a credit?

What? No.

[The Conservative]

I’m still not following?

Fiat money notes (‘bills of credit’) are forbidden by the US constitution. As far as I can tell, isn't Crypto nothing more than a credit?

What? No.

Why not? If the crypto increases beyond the value you paid for it, isn't that considered credit

[DBTrek]

I think he's saying that fiat notes are not forbidden by the Constitution.
They're not.
They're not mentioned in the Constitution at all - which is why the Federal Government has no right to print them.

The United States Constitution does not mention paper money by that name. Nor does it refer to paper currency or fiat money in those words.[1] There is only one direct reference to the origins of what we, and they, usually call paper money. It is in the limitations on the power of the states in Article I, Section 10. It reads, “No State shall ... emit Bills of Credit ....”

https://fee.org/articles/the-constituti ... per-money/

[Martin Hash]

I think he's saying that fiat notes are not forbidden by the Constitution.
They're not.
They're not mentioned in the Constitution at all - which is why the Federal Government has no right to print them.

The United States Constitution does not mention paper money by that name. Nor does it refer to paper currency or fiat money in those words.[1] There is only one direct reference to the origins of what we, and they, usually call paper money. It is in the limitations on the power of the states in Article I, Section 10. It reads, “No State shall ... emit Bills of Credit ....”

https://fee.org/articles/the-constituti ... per-money/

All the States used to have their own paper money.

[DBTrek]

Yes, if it wasn't clear "state" meant our individual states, not "the state".

Congress actually has monetary powers, including:

Article 1, Section 8
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

And the US Mint does make coinage.
And the US Treasury Department of Engraving does print bills.
But the Fed regulates money supply through buying US Treasury securities and some other open market operations.

The shit is complex.

Point being - Fed Coin probably won't be deemed unConstitutional, especially if politicians and their business allies really want it.

[The Conservative]

Yes, if it wasn't clear "state" meant our individual states, not "the state".

Congress actually has monetary powers, including:

Article 1, Section 8
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

And the US Mint does make coinage.
And the US Treasury Department of Engraving does print bills.
But the Fed regulates money supply through buying US Treasury securities and some other open market operations.

The shit is complex.

Point being - Fed Coin probably won't be deemed unConstitutional, especially if politicians and their business allies really want it.

I guess I have an issue with coinage that has no real value behind it.

[SuburbanFarmer]

Yes, if it wasn't clear "state" meant our individual states, not "the state".

Congress actually has monetary powers, including:

Article 1, Section 8
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

And the US Mint does make coinage.
And the US Treasury Department of Engraving does print bills.
But the Fed regulates money supply through buying US Treasury securities and some other open market operations.

The shit is complex.

Point being - Fed Coin probably won't be deemed unConstitutional, especially if politicians and their business allies really want it.

I guess I have an issue with coinage that has no real value behind it.

Don’t look now, but…