How is it that the federal reservse, a privately owed company print and regulatethe value of the dollar when in article 1 section 8 of the constitution states that congress shall have the power to coin and regulate its value?
138143
AH HA!!! THANK YOU VERY MUCH!!! thats the big fubar isnt it? ever read 'Creature from Jekyll Island'?\nhttp://rds.yahoo.com/_ylt=A0Je5rf5FTpEf24Bi7dXNyoA;_ylu=X3oDMTE2cDBvcmhqBGNvbG8DdwRsA1dTMQRwb3MDMwRzZWMDc3IEdnRpZANGNzMyXzg5/SIG=11ulpqn00/EXP=1144743801/**http%3a//www.wealth4freedom.com/creature.htm\nthey cant, its illegal. the irs is also illegal. im glad you know this tell everyone you can. its common practice to bow down to government & whatever it says. is this what the founders would do? thank you thank you thank you
385434
The Glass-Steagall Act was designed to de-link the dollar from the gold standard, and empowered the Federal Reserve Bank to influence the money supply.  To do so, it allowed the Federal Reserve and the government to use the nation's gold reserves and securities in loans.
377364
Well, that question is a very broad question, but I can give the general overview.  The newly created government in the 1780's is most likely reffering to the United States Constitution.  This Constitution was created due to the lack of federal rights in the Articles of Confederation.  The Articles did not allow Congress to tax or recieve soldiers from the independent states but rather ask for them.  The Articles were considered weak and they were essentially thrown out.  Whether this was legal or not is debatable.  The British also had a great impact on the Constitution because they "abused" the Americans during the revolution and before the revolution.  The Americans therefore, created the Bill of Rights were granted rights to the common man and the states.  Arguably, most of the Bill of Rights have some sort of connection to what the British had done before and during the revolution such as the Second Amendment.  The Second Amendment states, "No Soldier shall, in time of peace be quartered in any house, without the consent of the Owner, nor in time of war, but in a manner to be prescribed by law."  Many believe this was a response to the Quartering Act Britain established before the revolution.  Many Enlightenment ideas from Britain (like philsophers from John Locke) and other European countries greatly influenced the American government.  Ideas such as freedom of speech, religion, assembly, and others sparked from Europea.  The ideas of the individual "Life, Liberty, and the Pursuit of Happiness" in the Declaration of Independence were derived from John Locke's "Life, Liberty, and Property."  Of course, the framers (of the Constitution) were very intelligent and substituted "property" with "Pursuit of Happiness" because they did not want to debate over owning slaves yet (for that would occur later in the Civil War).
663447
The failing of democracy was wrought by a hand full of global masters and the Federal Reserve System. This happened in 1913 as our government let a few banks with few masters control our money. He who makes the money makes the rules. Our new form of govenment will be fascism as we now see taking place. As you`ll see towards the bottom of my answer JFK tried to restore the country making it`s own money, but you may know what price he paid for the idea.\n\n In describing the FED, McFadden remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932: \n\n"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the misadministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".\n\nA federal Reserve Note. \n\nThe swindle of the system is simple. The Federal Reserve Bank hires the US Treasury to print up some money. The Federal Reserve only actually pays the treasury for the cost of the printing, they do NOT pay $1 for each 1$ printed. But the Federal Reserve turns around and loans out that money (or credit line) to banks at full face value, those banks which have exhausted their deposits then loan that Federal Reserve fiat money to you, and you must repay it in the full dollar value (plus interest) in work product, even though the Federal Reserve printed that money for pennies, or created it out of thin air in a computer.\n\nAs the Federal Reserve overprints more money, the money supply inflates, and too much money starts chasing too few goods and services, which means prices go up. But contrary to the charade put on by the Federal Reserve, inflation doesn't just come and go due to some arcane sorcery. The Federal Reserve can halt inflation any time it wants to by simply shutting down those printing presses. It therefore follows that both inflation and recession are fully under the control of the Federal Reserve.\n\nOver time, that excess of printing has destroyed the value of that dollar you think you have. If you want to know by just how much, go out and try to purchase 371.25 grains of silver right now. Usually, the deterioration is gradual. Sometimes, it has to be obvious, such as the 1985 devaluation (done to halt the trade imbalance) which triggered the Japanese real-estate grab in this country.\n\nMany politicians have attempted to reverse this process. John F. Kennedy issued an Executive Order 11110, requiring the Treasury Department to start printing and issuing silver certificates for the silver then remaining in the US Treasury. \n\nKennedy decided that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. This was the reason he signed Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System.
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Why does this question keep coming up?\n\nCurrencies have different values because economies have different sizes. The U.S. economy is millions of times the size of that say of Namibia. So the U.S. dollar, backed by prosperity of an industrialized super power has much more value then the currency of a small, impoverished nation with few resources, no industry and little if any fiscal policy.\n\nThe actual value of each currency against others is set my market forces. Supply and demand. Who wants to buy more of what. But the actual buying power of a currency has to do with its stability, the financial strength of the nation that issues it and its worldwide demand.
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The constitution is kept in the National Archives in Washington D.C.\nI'm not sure of the second question.\nThe 2 dollar bill is the answer to the third question.\n39 people signed the constitution.\nYou're welcome! Please pick me as best answer!
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this webpage describes it to great detail\nhttp://www.law.cornell.edu/wex/index.php/First_amendment
182445
When more money is needed they just print it. It is regulated by many factors such as inflation, interest rates and government policy
157845
A country's central bank controls the currency.  If a country were to just print out more money (too much money) they will end up destabilizing the currency, meaning too much money chasing too few goods.  This will cause high inflation and will then cause more money to be printed and on and on.  Additionally world markets will see what is going on and will take their money out causing more damage to that country.  Just printing out more currency is not the answer, just ask some South American countries, they learned that the hard way.
63152
Just think, the money we use is "fiduciary" money. The key word here is fiduciary, since the value of the money we hold is based on the trust people have that the central bank will keep faith (fides) and pay as promised. In short, money has value because we believe it does.\n\nSo technically, if you could reproduce the manufacturing process and produce a dollar bill that is 100% identical to that of the government, the only real difference is that your bill is illegal, while the government's is legal. That's because the government is the only entity that is "allowed" to print paper money. Let's face it, if everyone could legally print money, it would indeed lose all its value as a means of exchange.\n\nThere really is no other difference.
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Banking is well regulated, and yes they do get audited.  When you say print their own money, it sounds like your talking about the Federal Reserve Bank, for who by entering money on a ledger, is the only legal corporation to create money that way.  In addition to be regulated and audited, the Fed also requires that each bank deposit with them a certain amount of every deposit each banking day with them.\n\nMoney created not backed by our government is called counterfeting.  And guess what - the largest countefeiters aren't people in our own country - it's other governments in other countries.  Too much money in a system can collapse the economy like Germany tried to do that in WWI.  They too thought the more money they printed the country couldn't go broke.\n\nOH - BTW - read any paper note from the government.  Money is not backed by gold, silver, or anything else, it's only backed by the full faith and credit of the US Government - in reality, nothing at all.  Take 20 bucks to any Federal Reserve Bank and you can redeem it not for copper, silver, bronze, or gold - but they will hand you another twenty dollar federal reserve note.
210181
By an act of Congress,that is both houses vote on it.  The president can declare a national holiday for a one time period, but to make it so, it must go to the Congress for approval.
10502
You should probably mention which country you are asking about.  You should probably also do your own homework.\n\nIn the U.S., since the Supreme court ruled in (I think) the United States v. The Southeast Underwriters Association, insurance has been under the Commerce clause of the Constitution and therefore under the jurisdiction of Congress.  However, in the McCarrin-Ferguson act, Congress delegated that responsiblity to the States, so insurance is generally under state regulation.  I don't really know what the "Insurance Act" is.\n\nYou asked at least 3 more questions, you should probably do that one at a time.
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4. The Fed...they control the monetary policy of the country, or how much money is in the market.  By controlling interest rates and how much money is printed at any given time, this has a great affect on how much people pay for loans and the value of the dollar.\n\n1. The President not only implements the budget and policy, but he also gets to appoint governors of the Fed Board and also other economic advisors.  Even if Congress passed a budget, he or she would not have to spend the money.\n\n2 & 3.  Congress passes the budget and has the ultimate power of the purse.  While government spending is a fraction of the GDP, it is still a large share and the amount of money people pay in taxes is less money for the market.  Also, a large national debt could crowd out private borrowing, in turn jacking up interest rates.  We'll just put the Senate in this answer since they are part of Congress.\n\n5.  The media has no control over the economy, but they have the ear of the people.  By spinning or telling stories of how well or poorly the economy is doing, this could in turn influence people's spending patterns.\n\n6. Foreign powers have very little to do with the economy, as the GDP is measured by the domestic production levels.  One thing foreign powers can do is regulate the cost of goods if we import something important from a country, but that effect is limited and often not as shocking as a domestic price jacking.
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Article 1 Section 6 of the US Constitution.\n\n"They [Senators and Representatives] shall in all cases, except treason, felony and breach of the peace, be privileged from arrest during their attendance at the session of their respective Houses, and in going to and returning from the same"
395380
Currency denominations on one country are not based on currency of another country. The US dollar is a standard of measure in the US, regardless of its performance against other currencies, such as the Euro or pound.
662048
The 12 regional Federal Reserve banks are unusual organizations.  They are not entirely part of the government, but they aren't entirely private, either.  The stock of the 12 Federal Reserve banks is owned by the private member banks in each of the 12 geographic regions that the Fed oversees.  Owning Federal Reserve stock and being a member of a regional Federal Reserve bank are conditions of being a commercial bank.\n\nHowever, just because the Fed banks have private stockholders doesn't mean they're entirely private.  The Fed is chartered by the Federal government, and excess accumulated income of the 12 Fed banks, after they pay legally required dividends to their bank stockholders, gets paid back to the government.  It might seem like the Fed is one branch of the government paying or getting paid by another branch, but the Fed acts independently from the rest of the government.\n\nThe Fed started with capital paid in by member banks.  It used this capital to buy government bonds, and it earns interest on those bonds.  It uses its accumulated capital to maintain its portfolio of government debt.  When a bond owned by a Fed bank matures, the Treasury department pays the Fed the face value of the bond and the bond is retired.  In practice, when one of the Fed's bonds matures, they usually replace it with a new bond sold at auction by the Treasury.  Any time the Fed wants to sell one of the bonds it owns, it sells them to private bond dealers.  In fact, buying and selling bonds from private dealers is one of the ways the Fed manages monetary policy and the money supply.  When the Fed wants to inject cash into the economy, it buys government bonds from investors.  When it wants to take cash out of the economy, it sells some of its bonds.