On April 1, 1792, Congress authorizes the striking of gold coins. The
dollar is defined as 24.75 grains of pure gold or $19.39 per troy ounce
(480 grains [a troy ounce] divided by 24.75=19.39)
1834 – The gold content of the Eagle ($10 gold) is reduced from 247.5
grains to 23.2 grains, due to the melting of U.S. gold coins in Europe
<https://coinsite.com/what-happened-to-all-the-early-u-s-coins/>, raising
the price of gold to $20.67. The “dollar” *(there were no gold dollar
<https://coinsite.com/united-states-gold-dollars/> coins until 1849)* =23.2
grains of pure gold. To confirm this standard, the Gold Standard Act of
1900 defines a “dollar” as 25.8 grains of .900 fine gold or 23.2 grains of
pure gold. This dollar, call it Dollar #1 (D-1), isn’t redeemable for gold,
it IS gold, since the United States Congress defines the dollar as a
specific quantity of gold. Persons who hold U.S. currency, or who have
deposits in U.S. banks can immediately convert these instruments into gold
in the form of coins.
In 1934, President Roosevelt, attempts to bring the United States out of a
economic Depression by devaluing the dollar from 23.2 grains to 13.71
grains of pure gold, essentially devaluing the dollar by 41%. This raises
the official price of gold to $35 per troy ounce. This is Dollar #2 (D-2).
In addition, the Presidential decree prohibits U.S. citizens who hold
deposits, from converting their dollars into D-2 dollars. In the 1950’s,
President Eisenhower extends the prohibition to U.S. citizen’s gold
holdings outside the United States. D-2 claims are still honored to foreign
institutions; therefore the U.S. standard of value is still gold.
- 1971 – President Nixon declares that the U.S. Treasury would no longer
pay D-2 dollars in exchange for dollar claims. Gold is soaring in Europe.
- 1971 – Only Federal Reserve Notes are printed. The obligation, the
promise to pay, is removed from the notes. Though the term “note” implies a
promise to pay something, Federal Reserve Notes now represent nothing.
Today’s dollar is completely fiat money.
- 1973 – Congress creates Dollar #3, 12.63 grains of pure gold and in
1974, Dollar #4, 11.37 grains of pure gold. Both D-3 and D-4 are fictional
as no gold coins are coined, nor is any gold available to pay dollar claims.
On Sat, Sep 18, 2021 at 8:37 PM NELSON DICE <nelsondice@xxxxxxxx> wrote:
JB stated a dollar today has a value of $21.
Is a lawful money dollar 371+ grains of silver?
------------------------------
*From:* administrating-your-public-servants-bounce@xxxxxxxxxxxxx <
administrating-your-public-servants-bounce@xxxxxxxxxxxxx> on behalf of
Mike P <mike_p_5@xxxxxxxxxxx>
*Sent:* Saturday, September 18, 2021 8:32 PM
*To:* Administrating-Your-Public-Servants@xxxxxxxxxxxxx <
administrating-your-public-servants@xxxxxxxxxxxxx>
*Subject:* [administrating-your-public-servants] Re: T-Notes and.T-Bonds
are lawful money perhaps
And what does this have to do with the current discussion?
------------------------------
*From:* administrating-your-public-servants-bounce@xxxxxxxxxxxxx <
administrating-your-public-servants-bounce@xxxxxxxxxxxxx> on behalf of
NELSON DICE <nelsondice@xxxxxxxx>
*Sent:* Saturday, September 18, 2021 7:29 PM
*To:* Administrating-Your-Public-Servants@xxxxxxxxxxxxx <
administrating-your-public-servants@xxxxxxxxxxxxx>
*Subject:* [administrating-your-public-servants] Re: T-Notes and.T-Bonds
are lawful money perhaps
Hmm...
Someone sent me this...one dollar lawful money 371+ grains pure silver
http://jpatton.bellevue.edu/bottomline/dollar.html
------------------------------
*From:* administrating-your-public-servants-bounce@xxxxxxxxxxxxx <
administrating-your-public-servants-bounce@xxxxxxxxxxxxx> on behalf of
Mike P <mike_p_5@xxxxxxxxxxx>
*Sent:* Saturday, September 18, 2021 7:39 PM
*To:* Administrating-Your-Public-Servants@xxxxxxxxxxxxx <
administrating-your-public-servants@xxxxxxxxxxxxx>
*Subject:* [administrating-your-public-servants] Re: T-Notes and.T-Bonds
are lawful money perhaps
NO....18usc8
The term “obligation or other security of the United States
<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.law.cornell.edu%2Fdefinitions%2Fuscode.php%3Fwidth%3D840%26height%3D800%26iframe%3Dtrue%26def_id%3D18-USC-118361372-1912303257%26term_occur%3D999%26term_src%3Dtitle%3A18%3Apart%3AI%3Achapter%3A1%3Asection%3A8&data=04%7C01%7C%7C367664e66a484000fde708d97b05057a%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637676083773661958%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=xUDIYaZECLr2XtANWs788QbBSKX2cl77KIceqbxzQJU%3D&reserved=0>”
includes all bonds, certificates of indebtedness, national bank currency,
Federal Reserve notes, Federal Reserve bank notes, coupons, United States
<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.law.cornell.edu%2Fdefinitions%2Fuscode.php%3Fwidth%3D840%26height%3D800%26iframe%3Dtrue%26def_id%3D18-USC-2032517217-1912303260%26term_occur%3D999%26term_src%3Dtitle%3A18%3Apart%3AI%3Achapter%3A1%3Asection%3A8&data=04%7C01%7C%7C367664e66a484000fde708d97b05057a%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637676083773661958%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=pXDAG7Cy8NyNC1BHIepdVdRKctOnY3gfzhVEkqhoyFI%3D&reserved=0>
notes, Treasury notes, gold certificates, silver certificates, fractional
notes, certificates of deposit, bills, checks, or drafts for money, drawn
by or upon authorized officers of the United States,
<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.law.cornell.edu%2Fdefinitions%2Fuscode.php%3Fwidth%3D840%26height%3D800%26iframe%3Dtrue%26def_id%3D18-USC-2032517217-1912303260%26term_occur%3D999%26term_src%3Dtitle%3A18%3Apart%3AI%3Achapter%3A1%3Asection%3A8&data=04%7C01%7C%7C367664e66a484000fde708d97b05057a%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637676083773671953%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=2f%2FkINabhBnojDpy2f5I0ssMJ3WZHqXQI8qD2lrb%2F5M%3D&reserved=0>
stamps and other representatives of value, of whatever denomination,
issued under any Act of Congress, and canceled United States
<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.law.cornell.edu%2Fdefinitions%2Fuscode.php%3Fwidth%3D840%26height%3D800%26iframe%3Dtrue%26def_id%3D18-USC-2032517217-1912303260%26term_occur%3D999%26term_src%3Dtitle%3A18%3Apart%3AI%3Achapter%3A1%3Asection%3A8&data=04%7C01%7C%7C367664e66a484000fde708d97b05057a%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637676083773671953%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=2f%2FkINabhBnojDpy2f5I0ssMJ3WZHqXQI8qD2lrb%2F5M%3D&reserved=0>
stamps.
Again...think about WHAT they are and WHO issues them for WHAT
purpose...then you need to find the appropriate USC title and section.
------------------------------
*From:* administrating-your-public-servants-bounce@xxxxxxxxxxxxx <
administrating-your-public-servants-bounce@xxxxxxxxxxxxx> on behalf of
NELSON DICE <nelsondice@xxxxxxxx>
*Sent:* Saturday, September 18, 2021 6:27 PM
*To:* Administrating-Your-Public-Servants@xxxxxxxxxxxxx <
administrating-your-public-servants@xxxxxxxxxxxxx>
*Subject:* [administrating-your-public-servants] T-Notes and.T-Bonds are
lawful money perhaps
https://www.investopedia.com/terms/l/lawfulmoney.asp
