The Founding Fathers established a system of “coin” money that was designed to prohibit the “improper and wicked” manipulation of the nation’s medium of exchange while guaranteeing the power of the citizens’ earnings. The federal government has departed from the principle of “coin” money as defined by the U.S. Constitution and the Mint Act of 1792 and has granted unconstitutional control of the nation’s monetary and banking system to the private Federal Reserve System. The Constitution Party recommends a substantive reform of the system of Federal taxation. In order for such reform to be effective, it is necessary that the United States:
- Return to the money system set forth in the Constitution;
- Repeal the Federal Reserve Act, and reform the current Federal Reserve banks to become clearing houses only; and
- Prohibit fractional reserve banking.
It is our intention that no system of “debt money” shall be imposed on the people of the United States. We support a debt free, interest free money system.
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