The the banking system via fractional reserve creates $9 or so for every $1 of Fed reserve base money. The banking system doesn’t refund the interest on the money they create through loans to anyone.

I’m not religious myself but I think there is a 1st amendment right to issue currency via right to peaceful assembly. However, the court system is corrupt.

Legal tender laws are confiscatory when they make and inflatable currency a legal tender for private debt. This amounts to tampering with the obligation of contracts.

Australian economist Steve Keen has shown the money multiplier method is not really followed by real banks. Instead, banks create money through loans endogenously and then borrow base money to comply with regulations.

Any group could simply challenge the government’s right to issue currency “redeemed” at a rate of interest on religious grounds. I’m curious to see what the Supreme Court would have to say regarding Ezekiel 18:13, 22:12, or even Micah 2:5, which prohibits dividing property by popular vote.

I’m surprised that legal tender laws haven’t already been challenged on religious grounds, since there are clear biblical laws that prohibit the use of usury, which is interest. In a nation that literally borrows money into existence at a rate of interest, legal tender cannot stand on religious grounds.

I wrote about this very practical issue, here http://cancelourdebt.blogspot.com/2009/07/theory-and-practice-of-credit-exchanges.html