Thursday, November 12, 2020

The sanctity of government debt?

 That is protected by market, but the monopoly tax dollar remains.  The conflict comes from illegal taking undue Process, central bank fees cannot be an unfair burden on an isolated S/L industry.  The power to coin does not over rule the right to cash, for example. Not can it enslaved banking.  The market guaranteeing debt is hit by one side, the banks , being on strike.  The Supremes are stuck, they have to recognize a labor agreement between banks and Treasury as a 'market' for the sanctity of debt, a market price to get the banks back to work. There is tiny ambiguity, a point where the Supremes have to look at the balanced 'vote', and close the loop on its own.

No comments: