State Issued
Home Money and Banking Bills of Credit

Bills of Credit

In the the Federal Convention of 1787, the initial draft of the Constitution reported by the Committee of Detail copied the relevant language of the Articles [of Confederation] almost word for word: “To borrow money and emit bills on the credit of the United States”.But, by a vote of nine States to two, the the Convention deleted the phrase “and emit bills” and the power was removed from Congress.

Bills of Credit

“Bills of Credit”: Outlawed by the Constitution

"Bills of Credit": Outlawed by the ConstitutionIn the the Federal Convention of 1787, the initial draft of the Constitution reported by the Committee of...
Lincoln Greenback

The Civil War and “Bills of Credit”

The Civil War and “Bills of Credit”“The immediate aftermath of the Civil War was a time of unprecedented legal flux, during which new doctrines...
"well regulated Militia" 2nd Amendment

Related Topics

democrat vs republican

“Left” vs. “Right” Phony Political Spectrum

"Left" vs. "Right"If WE THE PEOPLE revitalize "the Militia of the several States", we will cut across all the dividing lines in the phony...
War

“War”: The Constitutional Meaning

"War": The Constitutional MeaningConstitutionally speaking, "War" is a specific set of legal relations between two or more independent nations. Therefore no "War" can be...
Federal Reserve System

Federal Reserve System: Cartel Structure

The Federal Reserve SystemThe Federal Reserve System is a cartel that controls the United States money supply and redistributes wealth with the blessings of...
Terrorism

“The War on Terror”

"The War on Terror" Rogue officials stir up the "fear" of "terrorism". With "terrorism" as their excuse they arrogate new "war powers" to themselves....
living document

“Living” Constitution

As a constitutional rule of construction that cannot be repeated to often, “If *** we are at liberty to give old words new meanings ***...