Excerpts from the Constitution that Provide Insights on Crypto
From: Susan Lein
Sent: Tuesday, November 8, 2022 1:25 PM
To: Chair
Subject: Excerpts from the Constitution that Provide Insights on Crypto
Dear Chairman Gensler,
I had reason to read the Constitution and the Bill of Rights late last month and found some portions that I believe pertain to Crypto- A non government backed currency.
I had been surprised to see that there were no laws saying one cannot make up a currency and now I understand why- it is addressed in our Constitution directly.
We have a very unstable society today- election day specifically and really every day and a lot of it is due to foolish embracement of “the new”- be it machine trading, social media, or crypto.
I will share with you too that it came upon me that I think one of the errant reasons Mr. Trump is so adamant that the 2020 election was stolen from him was the inappropriate use/reliance on deterministic statistics for “predicting” election results. Note that Mr. Mercer of Renaissance Technologies was one of the first to use this branch of statistics for trading on Wall Street and it now common place and highly inappropriate- it was invented by NASA to solve for unknown variables- hence the range- for a safe lunar landing.
Mr. Mercer was a late backer of the Trump Campaign in the Fall of 2016 and brought in Steve Bannon and Kelly Ann Conway- and deterministic statistics.
Votes are independent and hence election results can never truly be predicted. A review of news footage on election day will show the Trump campaign speaking with certainty that they won various states- all a mindset that can result from an inappropriate use of deterministic statistics- just like the universal prediction of stock price ranges.
I am copying Mr. Bill Gates, Mr. Carl Icahn and Mr. Jamie Dimon via mail on this email.
We need some stability and sense ability.
Deterministic models can and do drive stock prices- which are not independent due to mutual funds, institutional investors, etc…. Note we even report how the market moves as a whole.
Elections are another matter- each vote is independent and unknown until it is cast. Polls are polls they are not prediction and they are for a point in time- and not the time of voting.
Knowledge of early voting votes would change this, which is why they are not disclosed, only the rate of voting.
Below you will find relevant excerpts from the constitution regarding currency- and even a few other matters- like intellectual property, detainment, and the post office and tarrifs.
Reading the constitution and the Bill of Rights takes about 30 minutes. I highly encourage every citizen and especially every government employee to read it. Today might be a good day for such an exercise.
For a number of reasons, it is important that the government re-establish its authority- in a very real way over fair scales- market valuations.
We need a transaction tax to pay for audits of companies and proper regulation and to assure true investing and we need to bring back payable interest rates for citizens- to have a firm foundation and provide stability.
May God bless and guide you and your staff.
Susan Lein
Excerpts from Constitution
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
To establish Post Offices and post Roads;
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.
No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one State over those of another: nor shall Vessels bound to, or from, one State, be obliged to enter, clear, or pay Duties in another.
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to tim
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
Susan Lein
Secretariat
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