Overflight, 157

James Wilson from Pennsylvania said: «It will have the most salutary influence on the credit of the United States to remove the possibility of paper money.»
John Langdon from New Hampshire warned that he would rather reject the whole plan of federation than to grant the new government the right to issue fiat money.
George Reed from Delaware declared that a provision in the Constitution granting the new government the right to issue fiat money «would be as alarming as the mark of the beast in Revelation.»
Thomas Paine, although not a delegate to the Convention, had written … that he was strongly opposed to fiat money, which he called counterfeiting by the state, and he especially abhorred legal tender laws which force people to accept the counterfeit. He said: «The punishment of a member [of a legislature] who should move for such a law ought to be death.»
An interesting thought.

The Tenth Amendment states: «The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.» The power to issue bills of credit is definitely not delegated to the United States, and it is specifically prohibited to the States. Therefore, if any power to issue fiat money legally exists at all, it is reserved for the people. In other words, individuals and private institutions, such as banks, have the right to issue lOUs and hope that the public will use them as money, but government, at any level, is clearly prohibited by the Constitution from doing so.”
G. Edward Griffin, The Creature from Jeckyll Island, A Second Look at the Federal Reserve

“In 1913 President Woodrow Wilson signed the document that created the Federal Reserve, and committed the American people to debt slavery until such time as they awake from their slumber and overthrow this vicious tyranny.

None of our problems will disappear until we correct the creation, supply and circulation of money. Once the money problem is solved, everything else will fall into place.”
Len Clampett, Hand Over Our Loot, No. 2 as found at freedom−school.com

Overflight