I would like to point out it is Congress that made the distinction that Fed notes are not lawful money, not me; I didn't author the statute or the Act it references.
Idk how else to put it. If elastic currency were not elastic there would be very little wiggle room for any sort of corruption, including campaign contributions. I am sorry, that is as cliff notes as I can state that without going into a very long history lesson.
So I am having a hard time here also....
12 U.S. Code § 411 - Issuance to reserve banks; nature of obligation; redemption | LII / Legal Information Institute is the issuing authority of elastic currency, elastic in that it is created when borrowed in a 10% reserve system on the populace level, elastic in that the lawful reserves for the currency exchange are borrowed at the Congressional level.
The text of the issuing authority simply states:
to which you respond:
Not sure where to go from here so I guess I will stop now.
TL;DR
It seems that worrying about how much private interests can corrupt a Congress person is a snake on a Medusa head IMHO. The fact that Congress person does not know what elastic currency is nor the difference in what is legal and what is Lawful is the head of the Medusa given that they are the purse and the legislator. IMHO
I don't know how to simplify this, sorry.