Power to Coin and
Regulate Money
When we can
see the disastrous results of an artificially created
shortage of money, we can better understand why our
Fathers of Confederation, who understood both money and
God's Laws, insisted on placing the power to
"create" money and the power to control it ONLY
in the hands of the Federal Government.
They believed that ALL
Citizens should share in the profits of its
"creation" and therefore the national
government must be the only creator of money. They
further believed that ALL citizens should share in the
profits of its creation and therefore the national
government must be the ONLY creator of money. They
further believed that ALL Canadian citizens, regardless
of station in life, and therefore, the national
government must also be, by law, the ONLY controller of
the value of money.
Since the Federal
Government was the only legislative body subject to all
the citizens at the ballot box, it was, to their minds,
the only safe depository of so much profit and so much
power. They wrote it out in simple, but all inclusive
manner:
"The
Federal Government shall have the Power to Coin Money and
Regulate the Value Thereof.
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