Knowl asked:
Hypothetical situation: Out of the blue, the U.S. Supreme Court decides to read the Constitution very literally and finds the Federal Reserve Act, income tax and all of our printed money to be an entirely unconstitutional. What do you think would happen and why?
Hypothetical situation: Out of the blue, the U.S. Supreme Court decides to read the Constitution very literally and finds the Federal Reserve Act, income tax and all of our printed money to be an entirely unconstitutional. What do you think would happen and why?
It would be the downfall of our economy and western civilization as a whole.
Why: Our entire system is so embedded in the Federal Reserve and government programs propping up those who can’t care for themselves.
If it happened tomorrow than it would be mass chaos. Then gold and silver prices would shoot through the roof then all countries would open up any and all gold and silver mining then they would flood the market with it and take over weaker countries that had mines and then anybody still alive would be able to travel anywhere without getting ***** at the airport currency exchange booth. And then inflation wouldn’t be so bad.
The constitution “very literally” does not say anything about tying Congress to a gold standard. But OK to play your game, all this bailout talk and the Fed’s efforts to inject liquidity into the markets must stop immediately — since you can’t create gold out of thin air.
And that would instantly crash all the world’s markets, destroy all the world’s efforts now to avoid collapse, and bring down the world economy in a very spectacular implosion. Within a week we’d all be wearing loincloths and carrying clubs and bringing down our food with spears.