Congressman Ron Paul has introduced a bill in Congress that would really break the logjam of monopolized money and economic depression. This article from Coin News gives the highlights.
Here’s one significant quote:
“There is nothing in the Constitution that grants the Congress the power to enact legal tender laws. We, the Congress, have the power to coin money, regulate the value thereof, and of foreign coin, but not to declare a legal tender. Yet, there is a section of US Code, 31 USC 5103, that purports to establish US coins and currency, including Federal Reserve notes, as legal tender.”
Beyond Money 
There is no US Constitutional authorization of paper money as legal tender. It was included that “Bills of Credit” which is what we use today, in the first draft of the Constitution, but the founders voted to remove any reference to Bills of Credit, so there is now no authorization in the Constitution giving power of the government to create legal tender, or bills of credit.
The 10th Amendment, which is a limitation on power of the US Constitution, tells us that if the power is not granted, “delegated” to the Constitution, it remains within the power of the states, respectively, or to the people.
Who delegates such authority? The people. To state that the Constitution has the authority to print paper money as legal tender with no stated authority is, of necessity, to argue that the Constitution is itself a sovereing power that can declare itself to have such power with no consent or delegation of the people. “We the people…do ordain and establish this Constitution…”.
That is exactly what the Supreme Court ruled in “legal tender cases”, which you can look up on the Web.
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Section 10. No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and sil[p.360]ver Coin a Tender in Payment of Debts
“There is nothing in the Constitution that grants the Congress the power to enact legal tender laws. We, the Congress, have the power to coin money, regulate the value thereof, and of foreign coin, but not to declare a legal tender. Yet, there is a section of US Code, 31 USC 5103, that purports to establish US coins and currency, including Federal Reserve notes, as legal tender.”
i dont know if this is true or not. why ron paul wold get hung up on congress and legal tender when the constitution already says gold and silver are legal tender in states….and it hard to be in the united states unless you are in a state, unless in d.c.
and why congress would coin money and then not expect it to be legal tender doesnt make much sense either. this is likely false.
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doesnt the constitution say that states shall make gold and silver coin final payement in tender of debts??
so if you are in a state, not overseas, and you owe something and cant you a court will determine a gold and silver payement??
also the constitution call counterfeitn the current coin of the us a crime??
wouldnt that indicate that the govt uses and makes coin??
do you mean there is nothing in the piece of paper itself that has power??? or are you referring to textual statements about legal tender determinations??
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