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(the content of this thesis / monograph is an abridged study)
MONEY
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Probably no topic or issue can stand alone without consideration for information from other topics and issues. Therefore, for better understanding of terms and concepts used herein, other papers should be read in conjunction with this paper and others. |
1 The topic of money is found at the root of very many topics. If there is a common thread which runs through most every topic, it is money. "Follow the money trail" is ever more true the more you learn.
2 One of the several aspects of this brief dissertation is to explain the fraud weaved completely through the literal fabric of the currency.
3 First, we shall investigate several aspects as related to the Law. Then, we shall investigate some of the more readily evident aspects of fraud. Other aspects will also be explored.
4 Every nation and/or country dictates what is to be their money of account. Such is incorporated in the foundation of their Laws. In the united States of America the foundation of our Law and the dictates for our money of account are found in our Constitution and the Constitutions of the several Republics (States).
5 First, pull one of those green papers from your pocket or purse. I am referring to those things you call money. Examine and read the line at the top on the front. No, the TOP line, it reads "FEDERAL RESERVE NOTE". What is a note? It is something owed, it is not payment. What is the Federal Reserve? It is not the Federal Government. Just because it is called "Federal" does not make it government. Consider, Fred Smith's company called "Federal Express", you know, the over night delivery service. FedEx is not government, but it uses the word Federal for its name, just like the Federal Reserve Bank. Now check the telephone book blue pages, you will not find "Federal Reserve" or "Federal Reserve Bank", it is not government.
6 Therefore, the note you are examining is a private (not public) script, not money.
7 The Law prescribes what government may and may not do regarding money. Yet, every day the Law is violated by the government, and it is we who let it.
"The destruction of a mighty nation may well be approaching because of the activities of one person. He has encouraged leaders to tranquillize the populace with half-truths. He has lured the press into inattention and has assisted the people in duping themselves. He has persuaded his fellow citizens to concentrate on life's comic strips and mindless entertainments and to avoid the bruises of reality. The culprit is the person whose eyes scan these words, and whose hands - at this moment - hold this [page]." -- William J. Lederer, A nation of Sheep, 1961.
"You see, the more we are conditioned by education and just living in a society which teaches us to think along certain lines, the easier we are to fool. The magician encourages us to follow one logical path - the one we are accustomed to follow in a normal situation - while he, unknown to us, takes an entirely different one to accomplish his illusion. Thus, the hardest people to fool are children, who take little for granted. The easiest are scientists." -- Charles Reynolds, Magician's Consultant, Parade, August 24, 1980.
"I deny the power of the general government to making paper money, or anything else a legal tender.". -- Thomas Jefferson
8 To facilitate this memorandum what follows incorporates material excerpted from a court filing (being that most of this research was conducted in Arkansas, it concentrates on Arkansas laws. Other Republics of the united States of America necessarily have nearly identical laws.)
Examine the notes in your pocket, while reading this paper.
The Congress shall have the power to ... coin money ...
(Constitution of the united States of America, Article 1 Section 8
Clause 5)
No State shall ... make any Thing but gold and silver Coin a Tender
in Payment of Debts
(Constitution of the united States of America, Article 1 Section 10
Clause 1)
9 The President of the united States of America, Bill Clinton, was asked (he is an attorney, and at the time was Governor of Arkansas) whether Article 1 Section 10 of the Constitution of the united States of America was binding on Arkansas.
10 Mr. Clinton's response is very clear and to the point when he says "... certain powers ... should be denied to the states. That section [1:10] of the Constitution is clearly binding on the states individually and severally." (copy attached)
11 Arkansas' Secretary of State, W. J. "Bill" McCuen, was asked the same question. Mr. McCuen simply, clearly and resoundingly answered “YES". (copy attached)
12 Arkansas' Attorney General, Steve Clark, was also asked the same question. Mr. Clark also simply, clearly and resoundingly answered “YES". (copy attached)
13 Article 1 Section 10 of the Constitution of the united States of America establishes the prohibitive law that any State of the union, or any of their political subdivisions and/or agents, may not “make any Thing but gold and silver coin a Tender in payment of Debts ...".
14 For any State in the union or an agent or division thereof to accept the issuance of something other than gold and silver coin, such as “bills, notes or other paper which may circulate [from one hand to another] as money" is violative of the Arkansas Constitution Article 12 Section 10, since even “No act of the General Assembly shall be passed authorizing the issue" of such.
“The terms ‘lawful money' and ‘lawful money of the united States'
shall be construed to mean gold or silver coin of the united States"
(12 USC 152)
15 It has been decided in high court decisions such as Cocke v Kendall, 5 Fed Cas. 1140, 1150, that “Lawful money of the united States as used in a judgment‚ for lawful money of the united States, is equivalent to lawful money of Virginia. Lawful money of the united States is lawful money of Virginia, or any other state or territory."
“Checks, drafts, money orders, and bank notes are not lawful money
of the united States"
(State v Nelson, 73 P 321, 443 Ore 168.)
A bank does not bid any money, since money “... does not embrace notes,
bonds, evidences of debt, or other personal or real estate".
(Money, Black's 5th ed. pg 906.)
Fiat Money is “paper currency not backed by gold or silver".
(Black's 5th pg. 560.)
A note is “an instrument containing an express and absolute promise‚
of signer to pay to a ... bearer a definite sum of money at a specified
time. Two party instrument made by the maker and payable to payee
which is negotiable is signed by the maker and contains an unconditional
promise to pay sum certain in money‚, on demand ... to ... bearer.
A note not meeting‚ these requirements may be assignable but not negotiable.".
(Black's 5th ed. pg. 956, UCC 3-104(1).)
16 A bank's contention that the bank submits the high bid, at property auction, is erroneous in that: '$' (single bar through "S"), the registered trademark of the Federal Reserve Corporation, (a wholly owned subsidiary of the international banks) does not denote lawful money but instead denotes non negotiable notes (id est, Federal Reserve Notes) which are nothing more than evidences of debt.
17 The coinage act of 1792 has never been altered and is embodied in the Law of the land at 31 USC. In delineating the lawful money of the united States, 31 USC 5112 explains that a dollar shall be 40.6 mm [approximately 1.5"], containing .999 fine silver, being inscribed with "One Dollar" and "1 Oz Fine Silver", as well as other characteristics.
“Lawful money of the united States includes only gold and silver,
or that which by law is made its equivalent, so as to be exchangeable therefore
at par and on demand,."
(Perry v State, 61 S.W. 400)
Par: An equality subsisting between the nominal or face value
of a bill of exchange, ... and its actual selling value. When the
values are thus equal, ..."
(Black's 5th pg. 1001.)
Par: Common level: equality
(Webster's New Collegiate Dictionary - 1973, pg 823.)
18 Bank's never have a single dollar invested in any property in question, and their unlawful bid's are and can not be in dollars absent an investment of same. The best a bank could offer and invest are Federal Reserve Notes and most probably are nothing more than a ledger entry, without redemption, at par.
19 No matter what medium used by a bank, it absolutely is not exchangeable at par and on demand with gold and silver. Therefore, their investment(s) and bid(s) are not dollars or lawful money or gold and silver coin.
20 A bank's bid is in debit instruments denoting debts to the Federal Reserve, evidences of debt which bear no promise to pay anything to anyone at any time. Whereas, a Bidder bidding at least 21 dollars silver coin is a bid of money, in contradistinction with Federal Reserve Notes.
21 A lawful bid must be a tendered substance or at least a promise to pay in substance (gold or silver coin). The exchange of debt instruments for real property constitutes fraud for failure of consideration.
Failure of consideration is “on account of some innate defect in the
thing to be given ... nothing of value can be or is received..."
(Holcomb v Long Beach Inv. Co., 129 Cal App 285, 19 p. 31, 36)
A bank does not submit a valid bid, as a BID is “an offer by an intending
purchaser to pay a designated price for property" (Black's 5th ed. pg 147)
and to PAY is “to deliver to a creditor the value‚ of a debt, either in
money‚ or goods ..."
(UCC 2-511, 3-604; Black's 5th ed. pg 1016)
“Tender" is “an offer of money". (Black's 5th ed. pg 1315)
22 Legal tender is merely the form for an offer of money, but is not money itself or an offer of money. Hence, anything can be made "legal tender", but such does not equate to, or at par with, payment in money.
"The principal distinction between the terms ‘Lawful’ and ‘legal’ is
the former contemplates the substance‚ of law, the latter the form‚ of
law".
(Black's 5th pg 797)
23 The Constitution has not been amended to allow "form" over "substance". Referring to a Federal Reserve Note as legal tender may be true enough since it is in the "form" of an offer of money; which does not include notes. (Money, Black's 5th ed. pg. 906) To acquire property for no Thing is fraud.
24 The issue before a court is quite clear ... which is the best bid? By definition, a bid must be an offer of money or goods. A bank has offered neither.
“All account and other computations of money in the treasury and
other public offices,‚ whether state or local, and all accounts arising
from proceedings in courts of justice, shall be kept and made out in the
money account of the united States, that is to say, in dollars"
(Legal tender, ACA 4-17-101).
25 THEREFORE, a bank bid is not a bid acceptable by Arkansas [state] or one of its commissioners or courts, and the sale must be awarded to a superior silver coin bid.
26 It is not in the "general public interest" to allow the bank to claim real property in exchange for absolutely no Thing of value. Being that value is the “estimated or appraised worth of any object or property, calculated in money." (Black's 5th ed. pg 1391) In other words a bank 'should not expect or be allowed to get some Thing for no Thing', to para-quote the court.
27 A bank can not be heard to claim a hardship for all the reasons set forth herein and also in light of their initial failure to identify their loss, in that they never loaned any Thing to establish a lawful claim to real property.
28 At 12 USC 411 we find that "Federal reserve notes ... shall be obligations of the United States". You can see that this is in compliance with “The Congress shall have the power to ... coin money ..." (Constitution of the united States of America, Article 1 Section 8 Clause 5)
29 At 31 USC 3124 we find that "... obligations of the United States Government are exempt from taxation by a State or political subdivision of a State". You can see that this is in compliance with “No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts" (Constitution of the united States of America, Article 1 Section 10 Clause 1)
30 Further still, Arkansas Code Annotated 26-51-404(b)(6) exempts from income tax "Interest upon obligations of the United States ...".
31 Without real and Lawful money, no tax can attach. Or put another way, How can you pay a presumably Lawful tax in the absence of Lawful money?
32 While the Federal Reserve Note has been declared 'legal' tender, the authority can only be enforced in the United States (the federal government and it's enclaves, not in private or State arena's). It is recommended that you study the issue of multiple "United States" to better understand. Any use of them by you is because the agents of the government of the u.S.A. has refrained from putting lawful money into common circulation.
33 A silver dollar has substance. It has intrinsic value. Feel one, weigh it, clink it, bite it. It feels real. It is the form and substance of MONEY as envisioned by the founders of this nation, the united States of America, being that it is a coin, not paper. This has been true for thousands of years.
34 The Law of this nation declares that the MONEY of account shall be GOLD and SILVER COIN. The Silver coin minted by the government pursuant to the united States of America Constitution of 1787, is yours and is free of encumbrances (including debt). It does not demand an interest payment, you do not pay interest on it, it is not a promise to pay because it is payment, substance for substance. The silver coin has substance.
35 Now pull a Federal Reserve Note from your pocket (purse), YES you have one, it is the green paper which you have probably wrongly called a dollar. Now feel it, weigh it, clink it, bite it. It does not have the form or substance of Lawful money. Does it have intrinsic value? Is it real? Notes are interest bearing and are promises to pay, they are fictions, they have no substance, no value. But if you simply check the Federal Reserve Notes (green paper) in your pocket (purse), you can see that they are not money (and interest is owed on them, as of 1992 approximately 300,000,000,000.00/year - debt, before compounding), and interest is paid on them. Though they are notes, they do not even promise to PAY (go ahead), look at one). They are not even used for DISCHARGING the Federal debt. They are not substance and only work so long as you believe in them, faith in paper, not in substance. But understand, by simply ceasing to use notes, we can immediately begin saving hundreds of billions. IF WE RETURN TO THE TIME HONORED SILVER AND GOLD COIN, WE SUDDENLY LOOSE MANY AILMENTS, MOST NOTICABLY, A MINIMAL ANNUAL SAVINGS OF 300,000,000,000.00 - WITH THE STROKE OF A PEN - AN NO PROGRAM CUTS (YET). YOU HAVE NEVER HEARD ANY POLITICAL FIGURE MENTION ANY BUDGETARY CUT OR SAVINGS NEAR THAT VALUE? They know this and lie to you, or they do not know this and have failed to prepare themselves.
36 Examine a coin silver DOLLAR and take a moment to contemplate the money system and the value of our future and our children's future.
37 You should probably demand the use of coin (silver) moneys, including the DOLLAR as a measure and symbol of value and substance.
38 DOLLAR can be used in two ways, as a noun or as an adjective:. As a noun, DOLLAR has been uniquely defined as a silver coin of certain dimension, weight, and composition (as briefly explained elsewhere herein). The adjective Dollar is a measure of value of something.
39 As an adjective: If you are to trade "a gallon of gas", the noun is gas and the adjective is gallon. Similarly, if you are to trade "a Dollar of gas", the noun is gas and the adjective is DOLLAR. If you were to trade a "a gallon", you would ask, "of what?". Likewise, to trade "a DOLLAR", you should ask "of what?".
40 As a noun: If you were to trade "a cow", the noun is cow, with no adjective to modify it. Similarly, if you traded "a DOLLAR", the noun is DOLLAR, with no adjective to modify it.
41 Let us examine the Notes a little further and understand the scam and fraud committed literally under your nose. Remember that a legitimate note is a promise to pay and explains the terms of payment.
42 The attached "note" exhibits (replica copies) are not intended to be a complete representation of all notes printed, but the ones included are (as of this update) ...
1 1935 1.00 DOLLAR Silver Certificate
2 1957 1.00 DOLLAR Silver Certificate
3 1993 1.00 Fiat note
4 1928 2.00 DOLLAR note (United States Note)
5 1976 2.00 Fiat note
6 1994 5.00 Fiat note
7 1994 10.00 Fiat note
8 1993 20.00 Fiat note
9 1998 20.00 Fiat security note
10 1950 50.00 DOLLAR note
11 1950 100.00 DOLLAR note
12 1990 100.00 Fiat note
13 1996 100.00 Fiat security note
The word “security” is used here to denote these new notes as different from the older notes, because security is the single largest reason given for issuing these new notes.
43 Only one of these example notes is a united States note, public (you and I) -- the 1928 2.00 DOLLAR note. Only 2 are Silver Certificates -- the 1935 & 1957 1.00 DOLLAR certificates. All the others are Federal Reserve Notes, a private corporation (not you and I). Regardless of the denomination of the note the facts and examples herein are true for all denominations. The green backs of each has remained essentially unchanged, per denomination.
44 The DOLLAR notes clearly and plainly state "THE UNITED STATES OF AMERICA WILL PAY TO THE BEARER ON DEMAND ....... DOLLARS"
45 These are the terms of payment for these legitimate notes. Breaking the statement into its parts of speech we find a noun phrase "THE UNITED STATES OF AMERICA" and "........ DOLLARS". Further we find the verb phrase "WILL PAY TO THE BEARER ON DEMAND".
46 All the elements exist for the contract.
47 The Silver Certificates are the same as the DOLLAR notes, except that they are specifically for the denomination of 1.00. This is because the unit of measure of the money of account of the united States is the 1.00 (1 ounce silver). No other instrument could, by nature, be a certificate of the unit of measure.
48 Now... look at the Fiat notes. The Federal Reserve and the united States government have serreptitiously omitted the action (verb) part of the contract. Leaving only the nouns.
49 This is FRAUD. Committed literally under your nose, over an interminable time, so you will hardly if at all notice. Then comes today's generations who never saw the legitimate notes and probably never saw a real DOLLAR, believing that these frauds are money/dollars.
50 Just because the notes/bills say "ONE DOLLAR" or "FIVE DOLLARS" or whatever denomination on them, does not mean they ARE that many DOLLARS. To prove this, examine the attached copies of the 1928 "2.00 DOLLAR" note and the 1976 "2.00 DOLLAR" Fiat note. If the 1928 note promises to pay 2 DOLLARS, then obviously it IS NOT 2 DOLLARS and nothing makes it 2 DOLLARS, something else must be 2 DOLLARS. When you write a check to pay 10.00, does that mean the check is 10.00 or something else is 10.00? The check is not 10.00, something else is. The 1976 note is conspicuously missing a promise to pay anything, but just like the 1928 note, nothing makes it 2 DOLLARS, something else still must be 2 DOLLARS.
51 The attached "DOLLAR" exhibits (enlarged copies of coins) are a one hundred year sampling, specifically ...
1 1890 DOLLAR
2 1994 DOLLAR
52 They are real, have substance, and are prescribed by Law. They identify their intrinsic value - ".999 fine silver", they identify what they are - "ONE DOLLAR", and have never been altered in fraud; and they are yours not some bank of fiction.
53 They are payment, they are money, they do not have to promise anything. They have not devalued, shrunk, or experienced any other detrimental effect.
54 Hence, the phrase "Sound as a DOLLAR" (real dollar).
55 On September 18, 1995, the news media reported the introduction of a new "100" note. They reported this new note as the first change in over 66 years. Examine the "100" notes in the attached copies. The 1950 "100" note says it "will pay to bearer", while the 1990 "100" note does not say it will pay to the bearer (or anyone, anything). This new change therefore, must be at least a second change in 45 years, not 66 years.
56 Evidently, the media is part of the conspiracy to fraud the people.
Whether some be knowing conspirators or non-knowing.
SUGGESTED READING AND/OR REVIEW
- "Miracle of Main Street" by F. Tupper Saussy, published by Spencer Judd, Sewanee, Tennessee 37375.
- "Why A Bankrupt America?" by Devvy Kidd, published by Project Liberty, POB 741075, Arvada, Colorado 80006.
- Music by Carl Klang
- There is much more if you simply look.
QUOTES TO CONSIDER
"Let me issue and control a nation's money and I care not who writes the laws." -- Baron Meyer Amschel Rothschild
"Whoever controls the volume of money in any country is master of all its legislation and commerce." -- President James Garfield
"To sin by silence when they should protest makes cowards of men." -- Abraham Lincoln
"I believe that if the people of this nation fully understood what Congress has done to them over the past 49 years, they would move on Washington: they would not wait for an election... It adds up to a preconceived plan to destroy the economic and social independence of the United States." -- George W. Malone, U.S. Senator from Nevada (1957)
"If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be... If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed." -- Thomas Jefferson
"If the American people ever allow private banks to control the issue
of their currency, first by inflation and then by deflation, the banks
and the corporations that will grow up around them will deprive the people
of all property until their children wake up homeless on the continent
their fathers conquered." -- Thomas Jefferson
OTHER THOUGHTS
57 -- There is so very much more to relate and learn.
58 -- The Aphorism that inflation is a necessary part of economy is a VERY BIG LIE. It occurs because of not using substance/money.
59 -- Evidence of fraud and deceit is overwhelming and riotous for those with eyes to see and ears to hear.
60 -- Consider, for the sake of argument, the following values to be true. Say circa 1950 a certain loaf of bread cost 33 cents and a certain house cost 15,000.00 DOLLARS. Furthermore, at that time a DOLLAR and a Federal Reserve Note (FRN) were exchangeable at par (1 for 1). Now, if you have a baker and a house builder who come to together and agree to trade bread for house. An exchange of 45,000 loaves of bread for 1 house would occur. Now several decades later the same house builder and baker come together and agree to trade bread for house. But, now a DOLLAR and a Federal Reserve Note are not exchangeable at par (1 for 1), but maybe 3 FRN's for 1 DOLLAR, then a loaf of bread cost 1.00 (FRN's) and the house costs 45,000.00 (FRN's). How many loaves of bread will trade for the house. -- 45,000.
61 While real numbers for any house and any bread may vary for a number of reason, the principle is the issue. Do you notice that neither the bread or the house cost any more than they did decades earlier, since they exchange for practically the same, in commodity, as they did in times past.
62 The same argument is used when describing the "cost of living" in certain far away places like Alaska and Hawaii. The cost of living is not higher there. COST OF LIVING. Monetarily, living includes both what you receive AND what you expend. The common propaganda would have you believe that only what you spend is the cost of living. How can you say that the cost of living is higher someplace because a gallon of milk cost twice, without considering that you most probably are receiving twice the pay. In other words, if the apparent cost of EVERYTHING goes up then EVERYTHING is still at par.
63 The only difference in these two cost examples is that in the first (house/bread), the medium of exchange is the item which changed value. The Federal Reserve Note decreased in value, that is all, devaluation. Money did not change, a DOLLAR is still a DOLLAR. In the second example (cost of living) most everyone simply charged extra to get the product and/or service to you, at that greater distance.
64 -- The “essential, natural functions of money may be stated as including these three: 1. It is a commodity - having a value of its own. 2. It is a common measure of values. 3. It has general exchangeability, and is, hence, a general medium of exchange.". (U.S. V. Gellman, 44 F Supp 360, 365) (J.M. Gregory's Political Economy, p. 253)
65 -- A discussion of COIN MONEY is a slightly different matter and will be added later or incorporated in a separate memorandum.
66 -- No doubt you have heard it said that it is illegal to deface/destroy united States money/currency. Think about it, the same is not true of private script - Federal Reserve Notes.
67 -- Many agents of government and the banking system will argue that courts have consistently held that Federal Reserve Notes are legal tender. This is without argument and is so because congress declared it. Refer again to 12 USC 411. But what is not being said is the fundamental basis for congresses authority and power. Article 1 Section 8 Clause 17 says ...
“The Congress shall have Power ... To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, becomes the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;".
68 In other words, on this issue, Congress may declare anything it wants to be "legal tender" and enforce it -- BUT ONLY WITHIN AREAS OF IT'S JURISDICTION, namely Washington D. C., Virgin Islands, Guam, American Samoa, Puerto Rico, military bases, federal buildings, and such - legislative jurisdiction. But, not in areas of State or private property jurisdiction. Therefore, if congress has made Federal Reserve Notes a legal tender, they did so only for areas of their jurisdiction. The federal government and the State governments are bound by certain fundamental Laws, all of which do not include notes.
69 The legislative jurisdiction of the Federal Government is strictly limited and defined (Article 1 Section 8 of the Constitution of the united Sates of America and Article 10 of the Bill of Rights). The Federal Government has no authority to impose activities, conduct, operations or such, in those areas which are outside the said legislative jurisdiction thereof.
70 Government agents only do what they are allowed to do. They can only get away with that which you, I - We, let them.
71 A DOLLAR - SILVER - coined by our servants (government) is your, mine, our money for use as we deem. A Federal Reserve Note and other instruments are privately owned and must be used as the owner dictates.
CLAIM WHAT IS YOURS
PARABLES?
72 Imagine that there exist only two people (you and a friend), and a bankster (not a people). You make pizza and your friend cleans windows. You only need the windows cleaned once each week, while your friend needs to eat every day. Rather than keeping a ledger and a lot of notes of whom owes who, you agree to use a medium of exchange (money?), and rather than make your own you elect and agree to borrow it - from the bankster. You go to the bankster who gladly agrees to "loan" you 100.00 at 10% interest - with your pizza parlor as collateral. Your friend does the same and the bankster gladly agrees to "loan" you 100.00 at 10% interest - with his window cleaning equipment as collateral.
73 Both you and your friend are confident that you can earn enough to cover the interest and eagerly accept the terms. Now how much "money" is in circulation - 200.00 (100.00 each with you and your friend). At the end of the year, how much "money" is in circulation? STILL, only the same 200.00. The only question is how much do each of you have. Either one of you will have more than the other or you will each be equal with 100.00. If your friend has 110.00, then math clearly says that you must have only 90.00. Here comes the bankster visiting your friend to collect the principle 100.00 plus 10% interest (10.00). Your friend examines his pocket pleased that he has just enough to say his property from seizure and pays the bankster. Now the bankster visits you to collect the principle 100.00 plus 10% interest (10.00). You examine your pocket and realize that you are short 20.00 (10.00 for principle and 10.00 for interest). You lose your pizza parlor.
74 But you say, What if we broke even with neither of us having more than the other? Then I say you both lose you livelihood, because neither of you could pay the bankster.
75 There is yet another possibility. You could go to the bankster and ask for yet another loan to cover your shortage and for the next year run the same risk, only this time the collateral is maybe your first born child (they bankster already has your pizza parlor).
76 This system is a "MUST FAIL" system. Somebody(s) must lose. WHY? Because the interest was never placed in circulation. The only thing in circulation was the principle, not the interest. You could NEVER ever get ahead. A house of cards.
77 Some people say "But that is only with two (2) people. The world has millions and billions of people and that changes things.". WRONG. I challenge you to do the math with more people than two (2). The principles remain the same.
78 This is precisely what is occurring with the use of Federal Reserve Notes. They are loaned to the Federal government who then causes them to be distributed to the people. The Federal government made an agreement (circa 1913) to pay the 10% interests and since the government owns nothing and creates nothing, it promised your wealth, property and labor as collateral. Hence you hear phrases such as "we have mortgaged our children's future".
Try this one ...
79 You write a check for an amount not in your account. It is called fraud and you may be punished. Right? Of course.
80 Now consider that the banksters have written themselves a law that says they may loan, or write a check, so long as they have assets enough to cover 3% of their loans, or checks. Now be calm, it is not fraud, it is merely banking (banksting). In reality it is yet another house of cards.
81 Say you go to a bankster "A" to deposit your 9 ounces of silver (9.00 DOLLARS), because bankster "A" is offering a blanket for the deposit. Bankster "A" now has 9.00 DOLLARS in his vault.
82 Say your neighbor knows that bankster "B" is offering a set of crystal glasses for a deposit of 300.00 (notice I did not necessarily say DOLLARS). So your neighbor goes to bankster "A" and asks to borrow 300.00. Bankster "A" checks his vault and notices that he only has 9.00 DOLLARS (your deposit), then he checks the latest rules for banksters to learn that he only needs to have a 3% reserve to cover any loan/check. A little quick math and abracadabra, he has exactly what your neighbor wants. Now your neighbor goes to bankster "B" and deposits the check for 300.00. Bankster "B" now has 300.00 ... "promises to pay" in his vault, not any money.
83 Say your mechanic knows that bankster "C" is offering season box seats to the local ball team games fora deposit of 10,000 (notice I did not necessarily say DOLLARS). So your mechanic goes to bankster "B" and asks to borrow 10,000.00. Bankster "B" checks his vault and notices that he only has a check/note/loan paper promising to pay 300.00 DOLLARS (your neighbor's deposit), then he checks the latest rules for banksters to learn that he only needs to have a 3% reserve to cover any loan/check. A little quick math and abracadabra, he has exactly what your mechanic wants. Now your mechanic goes to bankster "C" and deposits the check for 10,000.00. Bankster "C" now has 10,000.00 ... "promises to pay" in his vault, not any money.
84 What happens when somebody makes a run on the banksters and demands
payment on these "promises to pay" - DEFAULT. A house of cards.
But wait, the Federal government has promised that you will make good on
the bankster's bad debt. Ever heard of the FDIC (Federal Depositors
Insurance Corporation) or any of the others. BAIL OUT. Either way
you pay.
1996 UPDATE
85 In April, 1996, The Federal Reserve began issuing new "C" notes, notes in the denomination of "100". Austensibly, thesenew notes are needed to foil counterfeiters and to combat the "drug" trade.
86 The attached "note" exhibits (replica copies) now have some new notes, some are:
1996 100.00 Fiat security note
1998 20.00 Fiat security note
The word “security” is used here to denote these new notes as different from the older notes, because security is the single largest reason given for issuing these new notes.
87 The new notes, when viewed in person has a yellowish-green base (background) color. To personally hold it, conjures the image that you are holding Monopoly money (a board game).
88 All the elements which have been argued herein are present on these new notes. They still are not redeemable for money. They still are debt instruments.
89 There was a lot of ceremony regarding the introduction of the new Federal Reserve "100" note (commonly called 100 dollars). Most every media announcer correctly called them "notes", but it is doubtful that many people were paying attention. On March 26, 1996, ABC news reported (no doubt as scripted by the Federal Reserve) that the new note is the first major change in nearly 70 years. Excuse me! A change from something to nothing is an extremely major change and it has already occurred in the past 45 years. In other words, the Federal Reserve note used to be redeemable for money, then over a period of years circa 1915 to circa 1960, they started not being redeemable for money, essentially becoming a fiction, a fraud, a debt instrument. But of course, such an ancient change is insignificant compared to new high technical changes in the appearance of these debt instruments - humbug.
THEY HAVE LIED. THEY ARE LIEING. THEY WILL CONTINUE TO LIE. UNTIL "WE THE PEOPLE" MAKE PROPER DEMANDS AND EXERCISE APPROPRIATE REFUSAL.
90 In September, 1995, ABC reported (no doubt as scripted by the Federal Reserve) on the new "C" note, saying the new note represented the first change in the "C" note in 66 years. Then on March 26, 1996, ABC news reported (no doubt as scripted by the Federal Reserve) that the new note is the first major change in nearly 70 years. And then again, on March 27, 1996, KATV, Little Rock, Arkansas TV channel 7, on their morning news show reported that the new note is the first drastic change. Do we see a pattern? Are they setting a stage for some as yet undisclosed event, or is all this simple brainwashing, doublespeak, Orwellian rewrite of history, testing of the people for a soon-to-come major event?
91 Tell your friends of this propaganda, show them the fraud, help them to understand that they are being cheated in many ways by the use of these instruments of debt - interest, devaluation, inflation, ...
92 Moreover, on NBC's Dateline March 24, 1996, the new "note" was reported and they were certain to tell us that the old notes we have been carrying will still be redeemed at face value. Does this mean that there was or could be contemplation of not redeeming them at face value? It is coming. BEWARE, you can not say you have not been warned.
93 Start now. A long journey begins with the first
step.
Here are images of some notes and coins (referenced in this treatise).
In the HTML version, only the fronts are shown
to conserve memory.
“One” denominated notes & Silver Certificates
“Five” denominated notes
“Ten” denominated notes
“Twenty” denominated notes
“Fifty” denominated notes
“One Hundred” denominated notes
Compare the fronts and their wording
“Two” denominated notes
Take a look at the “Five” denominated note Kennedy caused to be issued and one of the reason he was murdered
Now for “Specie” – Lawful money of account of the united States of America
>>>> this is not legal advice. if you want legal advice, get an attorney or accountant (for all the good it will do you)<<<<
June 1999
February 2001
revised January 2004
mailto: lawandrights@tellme1st.net
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