Article 1 Section 8 of the U.S. Constitution, it gives Congress the power to regulate the Coin/Money of the United States. In 1913 the Congress delegated this authority to the newly created entity called the Federal Reserve under the Federal Reserve Act. The Supreme Court has rules several times that Congress can delegate its authority.

The Supreme Court also specifically ruled that a Congressionally chartered national bank was constitutional. In McCulloch v. Maryland (1819) the Supreme Court voted 9-0 to uphold the Second Bank of the United States as constitutional. The Court argued with the doctrine of implied powers, stating that to be ‘necessary and proper’ the Bank needed only to be useful in helping the government meet its responsibilities in maintaining the public credit and regulating the money supply. Chief Justice Marshall wrote, “After the most deliberate consideration, it is the unanimous and decided opinion of this court that the act to incorporate the Bank of the United States is a law made in pursuance of the Constitution, and is part of the supreme law of the land”

The founding fathers well knew that a central bank was detremental to the people:

1775: the American Revolutionary War began. American sought to detach from England and its oppressive monarchy. Though many reasons are cited for the Revolution, one in particular sticks out as the prime cause: that King George III of England outlawed the interest free, independent currency the Colonies were producing and using for themselves, in turn forcing them to borrow money from the central “Bank of England”, at interest, immediately putting the Colonies into debt, and as Benjamin Franklin later wrote:

“The refusal of King George III to allow the Colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the Revolution.”

“If the American People ever allow private banks to control the issue of currency…the corporations, that will grow up around them will deprive them of their property until their children wake up homeless on the continent their fathers conquered. I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.”—Thomas Jefferson, US President

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”—James Madison

“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States, and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”—Congressman Louis T. McFadden

“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.”—Sen. Barry Goldwater (Rep. AZ)

Even those within the banking system have warned: “If you want remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nations credit.”—Sir Josiah Stamp, head of the Bank of England, 1880-1941

Congress delegated authority that it had no business delegating. Only Congress and the Treasury are to allowed to coin our money (gold or silver, not fiat paper) according to the Constitution (nowhere does the it say that this responsibility can be delegated), and not private banking cartels.

Andrew Jackson knew this, and made it his mission in life to destroy the Second Bank of the United States, as the Rothchilds of London controlled it by proxy.

In Liberty,

DarthDubious

Nevertheless, that's the way it works here. The Supreme Court decides and that's the end of it. There is no chance at all that decision will be overturned. Some people still say the income tax is unconstitutional too. Doesn't stop the IRS from putting them in jail.