The Unconstitutionality of America's Money and Banking System

Michael S. Rozeff, on May 29, 2010, published part twelve of his brilliant story on America’s decline into unconstitutional money, entitled "The U.S. Constitution and Money".

Rozeff's mission is to summarize one of my favorite monetary books of all time, Edwin Vieira’s Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution.

Part twelve of the series is on the unconstitutionality of America's money and banking system and Rozeff states, "This article pinpoints and explains four reasons why the money we use is unconstitutional and three more reasons why the Federal Reserve is unconstitutional. How do Federal Reserve Notes differ from United States Notes issued by the U.S. Treasury? Are the latter constitutional? This kind of issue is also addressed in this article. I am summarizing Edwin Vieira Jr.’s two-volume out-of-print cult classic Pieces of Eight: The Monetary Powers and Disabilities of the U.S. Constitution. We are nearing the end. After this come his recommendations for reform."

The U.S. Constitution and Money, Part 1 and Part 2, can be found here.

The U.S. Constitution and Money, Part 3 and Part 4, can be found here.

The U.S. Constitution and Money, Part 5, can be found here.

The U.S. Constitution and Money, Part 6, can be found here.

The U.S. Constitution and Money, Part 7, can be found here.

The U.S. Constitution and Money, Part 8, can be found here.

The U.S. Constitution and Money, Part 9, can be found here.

The U.S. Constitution and Money, Part 10, can be found here.

The U.S. Constitution and Money, Part 11, can be found here.

The U.S. Constitution and Money: The Unconstitutionality of America's Money and Banking System (Part 12)

The U.S. Constitution and Money, final Part 13, can be found here.

Michael S. Rozeff is a retired Professor of Finance living in East Amherst, New York. He is the author of the free e-book Essays on American Empire.