But that does not, to me, explain how our govt is compliant with the “establishment” clause when the words “In God We Trust” is on every piece of USA cash that there is.
Yes, its remarkable. I believe they are leftovers from the olden days when everyone was religious and this assurance was to instill confidence into the concept of government sponsored “promisory notes”, which were once exchangeable into gold, but as the value of gold was dependent on the market, it was a inherently unstable system.
FDR takes United States off gold standard
On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.
So instead it became an promissory honor system and money was only a means of exchange and did in and of itself have no value other than as a promissory note.
In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.
What it should really say; “In Government we Trust”, but of course that would be a lie.
Trust the people who’s service are paid by your taxes and then assign themselves privileges, such as health insurance? Should such a privilege not then also be guaranteed to all taxpayers?
IMO, that would have immediate drastic impact on the economy. For one, it would force government to negotiate for the lowest possible prices by competittive bid and assign all services to one single non-profit “health care accounting system”, also known as a “single payer healthcare system” , or “Medicare for All”, which IMO, might deserve the logo… “In Government we Trust”.