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Old 03-15-2016, 09:57 AM
 
Location: Prepperland
19,029 posts, read 14,252,522 times
Reputation: 16767

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Quote:
Originally Posted by DeficitOwl View Post
You're wrong. Literally.
Listen to Ben:
What you believe is your choice.
I choose the law, available in any county courthouse law library.

BTW - you should know that constitutional government ended in 1933.

STATE OF EMERGENCY
. . . .
http://en.wikipedia.org/wiki/State_o...#United_States
As of October 2014, thirty states of emergency remain in effect, one reaching as far back as the Roosevelt Administration.

United States, Senate Report 93-549 states: "That since March 09, 1933 the United States has been in a state of declared national emergency." Proclamation No. 2039 declared by President Franklin D. Roosevelt on March 9, 1933. This declared national emergency has never been revoked and has been codified into the US Code (12 U.S.C. 95a and b).
. . . .
Senate Report 93-549
https://archive.org/stream/senate-re...3-549_djvu.txt
War and Emergency Powers Acts
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."
FREEDOMS ... GUARANTEED BY THE CONSTITUTION ... HAVE BEEN ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...

Constitutional U.S.A. (1787 - 1933) R.I.P.

. . .
Americans have lived under a two party perpetually indebted benevolent communist totalitarian police state dictatorship* using emergency rules for 83 years (as of 2016) ... and still haven't a clue that the constitutional government has been dead since 1933.

We’re on the threshold of the final transition to the People’s Democratic Socialist Republic of America.

KUDOS to the WORLD’S GREATEST PROPAGANDA MINISTRY.

(* Title 12 USC sec. 95(a), 95(b) grants pre-approved powers to the president and the secretary of treasury during this “emergency.” BTW - the secretary of treasury is also the U.S. governor of the World Bank, IMF, etc, etc, and shall not be paid by the U.S. government. Title 22 USC Sec. 286a(d)1. He is paid by the fiduciary agent - the Federal Reserve corporation. Connect the dots?)


ADDENDUM
Money References:
http://www.city-data.com/forum/16501865-post11.html
http://www.city-data.com/forum/22752861-post10.html
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Old 03-15-2016, 10:12 AM
 
18,873 posts, read 8,521,947 times
Reputation: 4151
Quote:
Originally Posted by jetgraphics View Post
No, it does not.

REAL MONEY - Money which has real metallic, intrinsic value as distinguished from paper currency, checks and drafts.
- - - Black's Law Dictionary, Sixth Ed. p. 1264

MONEY - In usual and ordinary acceptation it means coins and paper currency used as a circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W. 2d 74, 79, 81.
- - - Black's Law Dictionary, Sixth Ed. p. 1005

NOTE - An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of money at a specified time. An instrument that is a promise to pay other than a certificate of deposit. U.C.C. 3-104(2)(d)
- - - Black's Law Dictionary, Sixth Ed. p. 1060
FYI: CONgress repudiated redeeming their notes in House Joint Resolution 192, June 1933, and later, again, in the Gold Reserve Act of 1934. In short Federal Reserve Notes (FRNs) are worthless IOUs - bad checks kited by a bankrupt CONgress.

TENDER - An offer of money ... Legal tender is that kind of coin, money, or circulating medium which the law compels a creditor to accept in payment of his debt, when tendered by the debtor in the right amount.
- - - Black's Law Dictionary, Sixth Ed. p. 1467
Note: FRNs are legal tender on the obligated party of those notes - the Federal government. . . AND the 320 million enumerated socialists. See: "Contribution"

"Federal reserve notes are legal tender in absence of objection thereto."
MacLeod v. Hoover (1925) 159 La 244, 105 So. 305
All duly enumerated American socialists cannot object to the tender of the notes that THEY are obligated parties to. (thanks to FICA)

http://www.treasury.gov/resource-cen...al-tender.aspx
". . .Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves..."
CONTRIBUTION - ... The share of a loss payable by an insurer when contracts with two or more insurers cover the same loss... The sharing of loss or payment among several...
--- Black's Law Dictionary, Sixth Ed., p. 328
...
Every enumerated "contributor" under FICA (Federal Insurance CONTRIBUTIONS Act) is equally liable for the public debt, making "dollar bills" into legal tender. Hence you cannot object to their tender. "Contributors" who are underwriting these bad notes are eligible for entitlements (public charity) in exchange for their financial support. But it only costs them their endowed rights and liberties... because as paupers, they are status criminals.

Did you think FICA was INSURANCE? For you?

In Helvering v. Davis and Flemming v. Nestor, the U.S. Supreme Court ruled that Social Security taxes are simply taxes and convey no property or contractual rights to Social Security benefits. And that benefits are entirely at the discretion of Congress.

No insurance. No trust fund. Just a tax. And a surrender of all your labor and property, abolishing private property rights.
(See: Communist Manifesto)

Recapping:
● Lawful money = gold / silver coin (aka real money)
● Money = lawful money or currency (i.e., certificates which are receipts for real money in the vault)
● Notes are not money, by law, nor are they “fiat” because they’re debt (negative value)
Real money. Really big money:

https://research.stlouisfed.org/fred2/series/TREAST
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Old 03-15-2016, 10:19 AM
 
Location: Prepperland
19,029 posts, read 14,252,522 times
Reputation: 16767
Quote:
Originally Posted by Hoonose View Post
Real money. Really big money
Not really.

Based on the world supply (est) of 5.6 billion ounces of gold, and stamping it all into coin, would result in roughly 112 billion dollars (in compliance with the Coinage Act of 1792, et seq).

Any "dollar" amount above and beyond that sum is - ahem - let's just say that a 19+ trillion dollar public debt is a total fraud - since CONgress could not have borrowed that much money.

However, thanks to the millions of "human resources" who signed up as contributors via FICA, that impossible debt is underwritten by all their labor and property.
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Old 03-15-2016, 10:31 AM
 
18,873 posts, read 8,521,947 times
Reputation: 4151
Quote:
Originally Posted by jetgraphics View Post
Not really.

Based on the world supply (est) of 5.6 billion ounces of gold, and stamping it all into coin, would result in roughly 112 billion dollars (in compliance with the Coinage Act of 1792, et seq).

Any "dollar" amount above and beyond that sum is - ahem - let's just say that a 19+ trillion dollar public debt is a total fraud - since CONgress could not have borrowed that much money.

However, thanks to the millions of "human resources" who signed up as contributors via FICA, that impossible debt is underwritten by all their labor and property.
Yes really. Treasuries are not the easiest money to use, but if you think they are not worth their value then you are simply mad or in denial.

Modern money is no longer dug out of the ground, and can be created by sovereign gov'ts, some related agencies and banks. Some may object, many may worry, but it works. There is no fraud, it is based on rule of laws, safety, stability and trust.
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Old 03-15-2016, 11:04 AM
 
Location: Houston
26,979 posts, read 15,925,720 times
Reputation: 11259
When you keep adding to the deficit not to fund wars of survival or fight recessions but just to keep the economy in slow growth mode ya have a problem.
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Old 03-15-2016, 11:10 AM
 
Location: Secure Bunker
5,461 posts, read 3,243,231 times
Reputation: 5269
Quote:
Originally Posted by DeficitOwl View Post
The private sector doesn't fund the government. This is impossible, actually. The government is the monopoly issuer of the currency, and much like banks, creates money from thin air. The private sector does not "fund the government."
Here is a long example to demonstrate this.


We learn from this:
1.) A federal surplus reduces private sector savings
2.) A net deficit is necessary

3.) Everytime in US history we've run a surplus/cut the debt a recession has followed.

LOL! Call Dave Ramsey.... he'd love to talk to you!
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Old 03-15-2016, 11:10 AM
 
32 posts, read 14,553 times
Reputation: 13
Quote:
Originally Posted by whogo View Post
When you keep adding to the deficit not to fund wars of survival or fight recessions but just to keep the economy in slow growth mode ya have a problem.
Growth is slow because the deficit is to small.
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Old 03-15-2016, 11:11 AM
 
32 posts, read 14,553 times
Reputation: 13
Quote:
Originally Posted by Tyster View Post
LOL! Call Dave Ramsey.... he'd love to talk to you!
No thanks. The government isn't a household.
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Old 03-15-2016, 11:43 AM
 
Location: Maryland about 20 miles NW of DC
6,104 posts, read 6,001,687 times
Reputation: 2479
Quote:
Originally Posted by DeficitOwl View Post
I'm genuinely curiously. Without a government budget deficit, how will the private sector gain net financial assets?

The private sector would have to create things of genuine lasting value rather than rely on financing which in the long run creates little of lasting value if it is used to spur consumption not investment or creation of knowledge, technology, art, the letters or infrastructure. We remember the name of Rembrandt van Rijn who painted The Syndics of the Cloth Guild (Cloth Merchants) in 1662, nobody remembers the names of the well dressed merchants who were depicted by Rembrandt.


Most Americans would recognize this work of art not because they know fine art but because the image was used to promote of brand of cigars called Dutch Masters.
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Old 03-15-2016, 12:13 PM
 
Location: Palo Alto
12,149 posts, read 8,434,517 times
Reputation: 4190
The debt is the money supply which allows for the expansion of the economy at a rate greater than otherwise possible in a traditional economic sense. The excess money allows the banker class the ability to simultaneously borrow future human capital and lend it back to their own forefathers, skimming off the top for perpetuity.
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