In the USSA Only Silver and Gold Are Constitutional Money

The United States Constitution is unambiguously clear that only gold and silver coin shall be legal tender. It states:

No state shall ... make anything but gold and silver coin a tender in payment of debts. (Article I, Section 10, Clause 1)

It is also very clear that the Congress has the power to issue the nation's money:

The Congress shall have power ... To coin money, regulate the value thereof ...  (Article I, Section 8, Clause 5) 

The United States constitution is also unambiguously clear that all executive officers of the United States are bound by oath or affirmation, to support the U.S. Constitution. Please see: 

The Senators and Representatives before mentioned, and the members of the several state legislatures, and all executive and judicial officers, both of the United States and of the several states, shall be bound by oath or affirmation, to support this Constitution ... (Article VI, Clause 3) 

Why does this matter? 

Well, because when Paul Craig Roberts was Assistant Secretary of the U.S. Treasury for Economic Policy during the Reagan years he simply ignored these clauses of the Constitution that set out who is to issue the nation's money, and that that money is to be silver and gold coin, and nothing else. In other words, he swore to support the Constitution and then turned right around and, as a matter of high level policy, participated in a blatantly unconstitutional, ongoing repudiation of the spirit and letter of the Constitution.

And now for years he has been running around the Internet constantly blogging about how concerned he is about the direction of the USSA political system, and its blatant disregard for the law.

When he was able to do something about the deeply fraudulent character of the so-called "money" of the USSA, he merely reshuffled the deck chairs on the sinking ship of state and loudly announced that he had reformed the national economy.

But, no, he did nothing of the sort, not really.  

How About a Little Context

That is because in 1971 Richard Nixon, in consultation with Treasury Secretary John Connally, Federal Reserve Bank Chairman Arthur Burns and Undersecretary for International Monetary Affairs, Paul Volcker, undertook to remove the USSA dollar from convertibility to gold, effectively creating the 100% fiat currency we have today, that is willy-nilly conjured up right out of thin air by the billions and trillions and lent into circulation at interest.

All of these men knew what they were doing was unconstitutional. They did it anyway.

Ten years later, Paul Craig Roberts, then Ronald Reagan's Assistant Secretary of the Treasury for Economic Policy, set about remedying the problem of stagflation by introducing so-called supply side economics, which ostensibly solved the nation's economic woes.

In reality, without addressing the underlying issue of unfettered issuance of astronomical amounts of fiat currency the economic system cannot possibly function to the benefit of the citizenry at large, because it will always be out of equilibrium. And what is out of equilibrium and unbalanced will always crash. It's inevitable. In fact, the economic system is highly unstable and beginning to crash right now.

The USSA national debt really began to explode under Ronald Reagan, Paul Craig Roberts' boss. The printing presses were turned on in a big way, and continue to hum at a feverish pitch, right to the present day. Under Reagan the national debt leaped upward by $1.412 trillion, a 142% increase in just 8 years, more than 5 times the size of the debt that Reagan inherited from his predecessor, Jimmy Carter.

Interestingly, Roberts has often criticized various aspects of the USSA Federal Reserve Banks' policies, but has never directly challenged the existence of the Federal Reserve itself, which he certainly knows is nowhere authorized by the Constitution, and which is therefore, a blatant abrogation of the Congress's power to issue constitutionally mandated gold and silver money.

He is certainly aware of the fact that the so-called "money" of the USSA is in reality a debt instrument, the individual notes of which carry the words:"This note is legal tender for all debts public and private." He knows that the notes are issued by the Federal Reserve Bank and are not actually constitutional money; he knows all of this and yet he publicly says nothingabout it.