The legal issues of the New Fed

Are very difficult, on the edge of being a show stopper, cause of disunion.

• I can show a reasonable accounting that some 20% of GDP is unpaid central banking wedge fees, due and payable to Congress. Economists of chapter one back me up.
• If I make that case, then I make that case that Congress can lease the right to coin on a finite term basis. That is going to be tough.
• If I pass those two tests, then what becomes of the 14th and the sanctity of debt?  This one is easy, we drop time from banking, debt rates are asynchronous in time and charge. There is no absolute, but a probability histogram.

Number two will kill us, by definition Congress cannot sell rights and powers. But Congress can lease them, I think, with a voluntary refusal upon a reasonable one year basis.  That is good, that is sandbox.

Valid sandbox contracts have some voluntary exit clause with a market fee under a timeout. It is a condition of stability.

But we have to take Roberts and Sotomayor through a difficult topic, and quickly. If it is not resolved then we get shadow sandbox, central bank marker share continually declining. Panic ensues, a run on central banks, chaos in the streets, dogs sleeping with cats.