Under no circumstances will the Fed ever accept a threat to their monopoly over money creation in the United States. If the Federal Reserve had allowed Obama to print up a debt-free trillion dollar coin, that would have set a very dangerous precedent for the Fed. The American people would have realized that the federal government can actually create debt-free money whenever it wants and that it does not actually have to borrow money from anyone. ...

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Under no circumstances will the Fed ever accept a threat to their monopoly over money creation in the United States. If the Federal Reserve had allowed Obama to print up a debt-free trillion dollar coin, that would have set a very dangerous precedent for the Fed. The American people would have realized that the federal government can actually create debt-free money whenever it wants and that it does not actually have to borrow money from anyone. That is something that the Fed probably would have moved heaven and earth to keep from happening, but now we won't ever know how far the Fed would really be willing to go to keep their monopoly over money creation, because Obama has no plans to challenge this latest ruling from "the real boss" of our financial system.

Authors Bio:

Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked Iraq on false pretense and got away with it. First thing I asked myself on 9/11 as the two planes smashed into the Twin Towers was - "where are the interceptors"? - this could not have been a terrorist attack with NORAD nowhere in sight to defend our skies not even at the Pentagon. My hope (Hope is a Great Source of Strength - Simon Murray) for restoring the Constitution is that Congress, the White House, and Justice Department, will get back to the "rule of law" by bringing W Bush to justice under our laws and treaties - and every Representative and Senator in Congress, and the President, would finally arrive at the "third stage" of accepting the truth about 9/11 = "knew it all along", was preset explosives and precisely timed demolitions going off in all three towers and was not the office fires or the two planes that brought the three towers down like the officials said.