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I'd rather do what George Washington, Thomas Jefferson, and the other patriots did when faced with oppression and intolerable circumstances. I just hope that millions more will do likewise.
I have a goal, one that I consider rather noble (aside from the health risks due to the biohazard implications). I'd like to bathe in the blood of tyrants and despots.
There's a particular organization of despots in the capital. About 535 of them... A feller can dream, that's not outlawed yet, is it?
I'd rather do what George Washington, Thomas Jefferson, and the other patriots did when faced with oppression and intolerable circumstances. I just hope that millions more will do likewise.
I have a goal, one that I consider rather noble (aside from the health risks due to the biohazard implications). I'd like to bathe in the blood of tyrants and despots.
There's a particular organization of despots in the capital. About 535 of them... A feller can dream, that's not outlawed yet, is it?
This money nonsense is just foolish blather about non-issues. US currency is backed by the full faith and credit of the United States. All the legal issues have been resolved long ago. Quoting the US Constitution like it matters is more nonsense.
I would have agreed with you 15 years ago - before I read the law on the books.
Prove me wrong - go read the law.
But if the law says I am right and what you were led to believe is wrong, you would be justified in being angry at the propaganda ministry for misleading you all your life.
In short, Federal Reserve notes (dollar bills) are NOT backed by the full faith and credit of the U.S. government - they repudiated their obligation in House Joint Resolution 192, in 1933. FRNs are worthless securities with no par value at law. That they are 'legal tender' derives from the 300 million 'contributors' via FICA / Socialist InSecurity.
Under the law of notes, each duly enumerated "human resource" is equally obligated to pay on the impossible national debt. Hence, the notes must be accepted in discharge (not in payment) of debt. And, no, there is no law compelling all Americans to participate in national socialism, nor is there a law punishing Americans who do not participate. It is 100% voluntary - voluntary servitude - slavery by consent.
If the United States was a company it would have been forced into bankruptcy years ago. As far as I'm concerned the United States has no credit.
The full faith and credit of the United States isn't worth the paper it isn't printed on. All it amounts to is the word of a government that continually lies and continuously piles on even more debt.
The United States, in Congress assembled, is bankrupt. It was reorganized to prosecute the bankruptcy in 1933, under a State of Emergency, declared by FDR, and renewed by each sitting president since. In fact, for years after 1933, there were annual reorganization acts passed, as Congress mutated into the horror we see today.
To satisfy the creditor, the Federal Insurance Contribution Act was concocted to entice millions of Americans to become "human resources" (collateral) on the impossible to pay debt. It took a treaty (Totalization Agreement) to sidestep the limitations of the U.S. Constitution and pass muster with the supreme Court.
I would have agreed with you 15 years ago - before I read the law on the books.
Prove me wrong - go read the law.
But if the law says I am right and what you were led to believe is wrong, you would be justified in being angry at the propaganda ministry for misleading you all your life.
In short, Federal Reserve notes (dollar bills) are NOT backed by the full faith and credit of the U.S. government - they repudiated their obligation in House Joint Resolution 192, in 1933. FRNs are worthless securities with no par value at law. That they are 'legal tender' derives from the 300 million 'contributors' via FICA / Socialist InSecurity.
Under the law of notes, each duly enumerated "human resource" is equally obligated to pay on the impossible national debt. Hence, the notes must be accepted in discharge (not in payment) of debt. And, no, there is no law compelling all Americans to participate in national socialism, nor is there a law punishing Americans who do not participate. It is 100% voluntary - voluntary servitude - slavery by consent.
Your clearly not a lawyer. And you clearly have no formal education in money and banking. Don't get in over your head.
The United States, in Congress assembled, is bankrupt. It was reorganized to prosecute the bankruptcy in 1933, under a State of Emergency, declared by FDR, and renewed by each sitting president since. In fact, for years after 1933, there were annual reorganization acts passed, as Congress mutated into the horror we see today.
To satisfy the creditor, the Federal Insurance Contribution Act was concocted to entice millions of Americans to become "human resources" (collateral) on the impossible to pay debt. It took a treaty (Totalization Agreement) to sidestep the limitations of the U.S. Constitution and pass muster with the supreme Court.
What? You think social security and medicare are linked to the banking system?
Back on topic, I don't believe that we could afford a $55 billion manned mission to Mars, nor is this the legitemate roll of government. However, when we have lofty goals like art, science, college education, space exploration, and other matters, that we should offer a kind of tax free zone for this kind of endeavor. NASA ought to continue basic research for this kind of project, but private companies and private efforts like X-Prize should be the promoters of this. It's not just that the private sector tends to accomplish these things in a more practical way, but that the feds take too long and do too little with these projects. Private groups tend to look for profitable, productive ways of doing things, and are less burdened by the changing political climate and favortism.
Your clearly not a lawyer. And you clearly have no formal education in money and banking. Don't get in over your head.
Thankfully, I can read law and comprehend it better than most lawyers.
And, having studied Engineering Economic Analysis, time value of money, and advanced mathematics (former Electrical and Computer Engineer), I can dispute the heifer dung spouted by "academic" economists.
If you have any data that disputes the former statements, feel free to post them.
If you have any proof that usury is not the cause of economic decline, feel free to post that as well.
But not all lawyers are brain dead. In 1836 John Whipple, an American lawyer, showed the impossibility of sustaining long term metallic usury:
" If 5 English pennies... had been... at 5 per cent compound interest from the beginning of the Christian era until the present time, it would amount in gold of standard fineness to 32,366,648,157 spheres of gold each eight thousand miles in diameter, or as large as the earth."
[Translation - usury is impossible to pay]
FYI :
Compound interest formula
Future Value = Present Value x (1 + %rate) ^ timeperiod
$1 in 1776, invested at 5% per annum, compounded monthly, would be, in 2009:
$1.3465 e+421
Jan 2009 M1 = $1.571 T ($1.571 e+12)
Obviously, long term usury is impossible to pay in a finite money token system.
Is there a short term period of usury that is NOT impossible to pay?
No.
In short, usury is a scheme to rob the debtors. Because usury invariably requires a proportion of debtors to default, and lose their pledged collateral, because enough money does not exist. Though the bankrupts will blame themselves, the true cause was their contract with usurers.
Last edited by jetgraphics; 03-16-2009 at 09:02 PM..
What? You think social security and medicare are linked to the banking system?
In case you were unaware, the U.S. Governor of the "BANK" and "FUND" (World Bank and IMF) is the Secretary of Treasury. You agreed to his rules, when you signed up for usury in the Federal Reserve system.
Why is that a problem?
Title 22 USC Sec. 286a (a) Governors and executive directors; term of office The President, by and with the advice and consent of the Senate, shall appoint a governor of the Fund who shall also serve as a governor of the (World) Bank, and an executive director of the (International Monetary) Fund and an executive director of the Bank....
(d) Compensation for services Appointments (1) No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor, executive director, councilor, alternate, or associate.
According to page 494 of the U.S. Government Manual, 1993/1994 edition:
"In addition , the Secretary (of Treasury) has many responsibilities as chief financial officer of the Government. The Secretary serves as Chairman pro tempore of the Economic Policy council and as _U.S. Governor_ of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, and the African Development Bank."
Bank holiday of 1933. Presidential Proclamation No.2039, issued March 6, 1933, and No. 2040, issued March 9, 1933, temporarily suspended banking transactions by member banks of the Federal Reserve System. Normal banking functions were resumed on March 13, subject to certain restrictions. The first proclamation, it was held, had no authority in law until the passage on March 9, 1933, of the ratifying act (12 U.S.C.A. Sec. 95b). The present law forbids member banks of the Federal Reserve System to transact banking business, except under regulations of the _Secretary of the Treasury_, during an emergency proclaimed by the President. 12 U.S.C.A. Sec. 95.
Black's Law Dictionary, Sixth Edition, p. 146
Though the president may select the Secretary (Timmy G.) and Congress rubber stamps the selection, by law, he is not paid by us (The U.S.). He is paid by his employer, the creditor of the bankrupt U.S. government. BTW - the fiduciary agent for the creditor is the Federal Reserve Corporation. And the Federal Reserve is also the agent for the United Nations.
Didn't everyone volunteer to be human resources pledged as collateral on the debt? That's what the Federal Insurance Contribution Act is all about.
That is how an "income tax" on wages was first enacted...
TITLE 26
Subtitle C
CHAPTER 21
Subchapter A
§ 3101. Rate of tax
(a) Old-age, survivors, and disability insurance In addition to other taxes, there is hereby imposed on the income of every individual a tax equal to the following percentages of the wages (as defined in section 3121(a)) received by him with respect to employment (as defined in section 3121(b))
It is clear that this section imposes an "income tax" on "wages" because of "employment." It doesn't defined wages as income. It plainly states that tax will be based on a percentage of wages.
Title 26, EMPLOYMENT TAXES
Chapter 21-Federal Insurance Contributions Act
Section 3121 Definitions: Employment. For purposes of this chapter, the term "employment"
means any service, of whatever nature, performed
(A) by an employee for the person employing him, irrespective of the citizenship or residence of either,
(i) within the United States, or
(ii) on or in connection with an American vessel or American aircraft under a contract of service which is entered into within the United States ...
(B) Outside the United States by a citizen of the United States ...
as an employee of an American employer (as defined in subsection(h)),
or (C) if it is service, regardless of where or by whom performed, which is designated as employmentor recognized as equivalent to employment under an agreement entered into under section 233 of the Social Security Act; ...
(for section 233 please refer to 42 USC 433)
42 USC Sec. 433. International agreements
(a) Purpose of agreement
The President is authorized (subject to the succeeding provisions of this section) to enter into agreements establishing totalization arrangements between the social security system established by this subchapter and the social security system of any foreign country...
THERE IT IS - THE SMOKING GUN.
No matter where or by whom such service is performed, it is REVENUE TAXABLE EMPLOYMENT *(as if within the U.S. gubmint), if one is in a compact with Socialist InSecurity. No law compels one to participate in Social Security / FICA. If ever a law compelled participation, it would be involuntary servitude, unconstitutional, void, and a nullity. And thanks to the Totalization agreement (via treaty), the constitutional limitations do not apply. Voluntary servitude is constitutional.
The only people eligible for Social Security and Medicare are those who "voluntarily" signed up for accounts.
And no instrumentality of the Federal Reserve banking system will open interest bearing accounts for unnumbered Americans who are not participants in national socialism.
And when you open an account, with "your number", you sign a signature card wherein you agree to abide by the rules of the "bank", whose U.S. governor is the Secretary of Treasury, who shall not be paid by the U.S. government.
With one word Bernancke reveals Who Actually Runs the Country
Link referenced from naked capitalism
Yesterday, in his appearance before Congress, Bernanke revealed with a single word who really runs the United States:
Senator Sanders: "Will you tell the American people to whom you lent $2.2 trillion of their dollars?"
Bernanke: "No"
In the words of Homer Simpson: "D'Oh!"
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