Seems your missing the general context and biblical. Per your explanation I
can say duh I can collect and eventually trade it for gold or silver. But with
today’s fake money it’s just debt as they keep printing it. Now if you go back
to the gold standard that would be different
On Nov 7, 2021, at 12:25 AM, Charley Dan <charleydan@xxxxxxxxx> wrote:
J_B
Very nice piece and many will agree with you but I differ.
Qoute
It is essential that we comprehend the distinction between real money and
paper money substitute. One cannot get rich by accumulating money
substitutes, one can only get deeper into debt.
I see this as false. I've collected lots of greenbacks and worst by digital
transfer that one cannot even hold. Every day by computer the keys on the
keyboard put me in or out of the market and transferred to my account. Later
can be transferred to gold. But not gold as in physical until I ask it to be
delivered. In that process the money was not stole except if one pays taxes.
The problem with paper money is it requires one to take gold and than create
a currency/paper. Guarantee one will not print anymore then a dollar for a
dollar of gold.
When printed it is inflation with the printer profiting from it. Bartering?
As a kid I would in the fall roll the river gathering wild rice. Many would
add rocks, or water the inner rice to make it heavier to get more money. That
is inflation and not sound money, also. Of course one can bring their truck
full of grain and tell one it was a thousand pounds but only 950. Theft and
inflation. It is what government creates it in thin air. That is robbery
either way.
In my opinion their is only two types and maybe others I'm not familiar with
or forgot about. Government printing and bankers charging fees/interest.
Bankers can nickel and dime one to death. Of course the answer to that is
just do not borrow money from bankers to rob. Government is always selfish
for power. It is a place theives hang out. A place power hungry hang out.
Government never grant the computation of a family.
On Nov 6, 2021, 9:41 PM -0600, J_B <tf4624@xxxxxxxxx>, wrote:
back to the what is money question for a moment- This topic and a topic
pertaining to what is a dollar. I gave wrong info I believe on that topic.
Here it is, dug through my notes to find it while looking at what is money
topic.
A dollar is a measure of weight defined by the Coinage Act of 1792 and 1900
which is still in force today. A "dollar" specifies a certain quantity, 24.8
grains of
gold, or 371.25 grains of silver. In Black's Law Dictionary, sixth Edition,
Dollar:
"The money unit employed in the United States of the value of one hundred
cents, or of any combination of coins totaling 100 cents?" Cent: "A coin of
the United States, the least in value of those now minted. It is the
hundredth part of a dollar?" Gold and silver were such a powerful money
during the founding of the united states of America, that the founding
fathers declared that only gold or silver coins can be "money" in America.
Since gold and silver coinage were heavy and inconvenient for a lot of
transactions, they were stored in banks and a claim check was issued as a
money substitute. People traded their coupons as money, or "currency."
Currency is not money, but a money substitute. Redeemable currency must
promise to pay a dollar equivalent in gold or silver money. Federal Reserve
Notes (FRNs) make no such promises, and are not "money." A Federal Reserve
Note is a debt obligation of the federal United States government, not
"money?' The federal United States government and the U.S. Congress were not
and have never been authorized by the Constitution for the united states of
America to issue currency of any kind, but only lawful money, -gold and
silver coin.
It is essential that we comprehend the distinction between real money and
paper money substitute. One cannot get rich by accumulating money
substitutes, one can only get deeper into debt. We the People no longer have
any "money." Most Americans have not been paid any "money" for a very long
time, perhaps not in their entire life. Now do you comprehend why you feel
broke? Now, do you understand why you are "bankrupt," along with the rest of
the country?
Federal Reserve Notes (FRNs) are unsigned checks written on a closed
account. FRNs are an inflatable paper system designed to create debt through
inflation (devaluation of currency). When ever there is an increase of the
supply of a
money substitute in the economy without a corresponding increase in the gold
and silver backing, inflation occurs. Inflation is an invisible form of
taxation that irresponsible governments inflict on their citizens. The
Federal Reserve Bank who controls the supply and movement of FRNs has
everybody fooled. They have access to an unlimited supply of FRNs, paying
only for the printing costs of what they need. FRNs are nothing more than
promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay
the debt to the Federal Reserve Bank.
There is a fundamental difference between "paying" and "discharging" a debt.
To pay a debt, you must pay with value or substance (i.e. gold, silver,
barter or a commodity). With FRNs, you can only discharge a debt. You cannot
pay a debt
with a debt currency system. You cannot service a debt with a currency that
has no backing in value or substance. No contract in Common law is valid
unless it involves an exchange of "good & valuable consideration."
Un-payable debt transfers power and control to the sovereign power structure
that has no interest in money, law, equity or justice because they have so
much wealth already. Their lust is for power and control. Since the
inception of central banking, they have controlled the fates of nations.
The Federal Reserve System is based on the Canon law and the principles of
sovereignty protected in the Constitution and the Bill of Rights. In fact,
the international bankers used a "Canon Law Trust" as their model, adding
stock and
naming it a "Joint Stock Trust." The U.S. Congress had passed a law making
it illegal for any legal "person" to duplicate a "Joint Stock Trust" in
1873. The Federal Reserve Act was legislated post-facto (to 1870), although
post-facto laws are strictly forbidden by the Constitution. [1:9:3]
The Federal Reserve System is a sovereign power structure separate and
distinct from the federal United States government. The Federal Reserve is a
maritime lender, and/or maritime insurance underwriter to the federal United
States operating exclusively under Admiralty/Maritime law. The lender or
underwriter bears the risks, and the Maritime law compelling specific
performance in paying the interest, or premiums are the same. Assets of the
debtor can also be hypothecated (to pledge something as a security without
taking possession of it.) as security by the lender or underwriter. The
Federal Reserve Act stipulated that the interest on the debt was to be paid
in gold. There was no stipulation in the Federal Reserve Act for ever paying
the principle.
Prior to 1913, most Americans owned clear, allodial title to property, free
and
clear of any liens or mortgages until the Federal Reserve Act (1913)
"Hypothecated" all property within the federal United States to the Board of
Governors of the Federal Reserve, -in which the Trustees (stockholders) held
legal title. The U.S. citizen (tenant, franchisee) was registered as a
"beneficiary"
of the trust via his/her birth certificate. In 1933, the federal United
States
hypothecated all of the present and future properties, assets and labor of
their
"subjects," the 14th Amendment U.S. citizen, to the Federal Reserve System.
In return, the Federal Reserve System agreed to extend the federal United
States
corporation all the credit "money substitute" it needed. Like any other
debtor, the
federal United States government had to assign collateral and security to
their
creditors as a condition of the loan. Since the federal United States didn't
have
any assets, they assigned the private property of their "economic slaves",
the
U.S. citizens as collateral against the un-payable federal debt. They also
pledged
the unincorporated federal territories, national parks forests, birth
certificates,
and nonprofit organizations, as collateral against the federal debt. All has
already
been transferred as payment to the international bankers.
Unwittingly, America has returned to its pre-American Revolution, feudal
roots
whereby all land is held by a sovereign and the common people had no rights
to
hold allodial title to property. Once again, We the People are the tenants
and
sharecroppers renting our own property from a Sovereign in the guise of the
Federal Reserve Bank. We the people have exchanged one master for another.
This has been going on for over eighty years without the "informed knowledge"
of the American people, without a voice protesting loud enough. Now it's easy
to grasp why America is fundamentally bankrupt. Why don't more people own
their properties outright? Why are 90% of Americans mortgaged to the hilt and
have little or no assets after all debts and liabilities have been paid? Why
does it
feel like you are working harder and harder and getting less and less?
We are reaping what has been sown, and the results of our harvest is a
painful
bankruptcy, and a foreclosure on American property, precious liberties, and a
way of life. Few of our elected representatives in Washington, D.C. have
dared to
tell the truth. The federal United States is bankrupt. Our children will
inherit this
un=payable debt, and the tyranny to enforce paying it.
America has become completely bankrupt in world leadership, financial credit
and its reputation for courage, vision and human rights. This is an
undeclared
economic war, bankruptcy, and economic slavery of the most corrupt order!
Wake up America! Take back your Country.
