But it doesn't matter what its backed by because it's still digital control and tracking. Why not just let people trade in gold and silver instead? It's fungible.
The significance of this bill is that it exposes the use of Federal Reserve Note as the exclusive irredeemable fluctuating (constantly expanding - fiat) medium of exchange (recognized by Congress and the State of Texas) as an unconstitutional "bill of credit". It's not necessary to pass a bill allowing people to trade in any medium found mutually acceptable among the trading partners. The bill doesn't address privacy matters. But it does address involuntary debt servitude of those trading in Federal Reserve Currency to the Federal Reserve and the Bank For International Settlements.
But it doesn't matter what its backed by because it's still digital control and tracking. Why not just let people trade in gold and silver instead? It's fungible.
I agree with that! https://artofliberty.substack.com/p/why-it-is-critical-to-use-cash-and?
The significance of this bill is that it exposes the use of Federal Reserve Note as the exclusive irredeemable fluctuating (constantly expanding - fiat) medium of exchange (recognized by Congress and the State of Texas) as an unconstitutional "bill of credit". It's not necessary to pass a bill allowing people to trade in any medium found mutually acceptable among the trading partners. The bill doesn't address privacy matters. But it does address involuntary debt servitude of those trading in Federal Reserve Currency to the Federal Reserve and the Bank For International Settlements.