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Oh really, everything is just fine and dandy under your beloved leader..
Beloved leader is lolling about somewhere in Texas while serious people work to tow the car back to the top of the cliff that he drove over. Teenagers. Meanwhile, the Chicken Little Club meets regularly and pretends that they know what they're talking about while discussing the dire predictions found on the website of the latest Whackjob Internet Financial Guru Wannabe of the Month. Have a good time with that...
Beloved leader is lolling about somewhere in Texas while serious people work to tow the car back to the top of the cliff that he drove over. Teenagers. Meanwhile, the Chicken Little Club meets regularly and pretends that they know what they're talking about while discussing the dire predictions found on the website of the latest Whackjob Internet Financial Guru Wannabe of the Month. Have a good time with that...
You really believe that dont you? Interesting, I really do not see anything done by the Government that will actually help us in the long term. All that has taken place is the passing of legislation that might get some guys reelected. I do appreciate your positivity.
By the way two banks did fail yesterday. I posted the Link earlier from a MSM web site.
Beloved leader is lolling about somewhere in Texas while serious people work to tow the car back to the top of the cliff that he drove over. Teenagers. Meanwhile, the Chicken Little Club meets regularly and pretends that they know what they're talking about while discussing the dire predictions found on the website of the latest Whackjob Internet Financial Guru Wannabe of the Month. Have a good time with that...
In case you were unaware, a dollar and a dollar bill are not the same.
A short primer on money:
MONEY. In usual and ordinary acceptation it means gold, silver, or paper money used as 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, 4th Edition, p. 1157.
"Dollars, or units; each to be of the value of a Spanish milled as the same is now current, and to contain three hundred and seventy-one grains and four-sixteenths parts of a grain of pure, or four hundred and sixteen grains of standard, silver."
"Eagles—each to be of the value of ten dollars or units, and to contain two hundred and forty-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold."
--- Sec. 9, Coinage Act of 1792, April 2, 1792
According to Title 31 of the U.S. code, a silver dollar complies with the original Coinage Act.
Title 31 USC Sec. 5112. Denominations, specifications, and design of coins
(e)(1) ...weight 31.103 grams;
(e)(4) have inscriptions ... 1 Oz. Fine Silver ... One Dollar
(Troy ounce = 480 grains or 31.103 grams.)
Note: Millesimal fineness is a system of denoting the purity of silver. "Fine Silver" is .999, which is a higher purity than specified in the original law. However, .900 is equivalent to "Coin silver" in the USA, also known as one nine fine. That makes the 1 ounce coin in harmony with 416 grains of "standard silver".
(416/480 = .866666; or rounded up to .9)
In contrast, 'dollar bills' are not lawful money, nor were they ever 'backed' by gold.
TITLE 12, UNITED STATES CODE, CHAPTER 3, SUBCHAPTER XII,sec. 411. Issuance to reserve banks; nature of obligation; redemption
"Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be OBLIGATIONS of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in LAWFUL MONEY on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank."
FRNs are obligations of the U.S. government to pay lawful money on demand.
LAWFUL MONEY - "The terms 'lawful money' and 'lawful money of the United States' shall be construed to mean gold or silver coin of the United States..."
Title 12 United States Code, Sec. 152.
Federal Reserve Notes are issued under the authority of Art 1 Sec 8 power to borrow on the credit of the United States.
Article 1, Section 8. U.S. Constitution.
The Congress shall have Power ...To borrow Money on the credit of the United States;
(No, Congress does not have the power to CREATE money. If it did, why would it need to BORROW it?)
"Federal reserve notes are legal tender in absence of objection thereto."
MacLeod v. Hoover (1925) 159 La 244, 105 So. 305
RECAP
A dollar is a silver coin. Gold and silver coin are lawful money. Federal Reserve notes (aka "dollar bills") are NOT dollars, nor are they money.
Since 1933, the U.S. has not used dollars, but worthless IOUs, as a medium of exchange, BORROWED, at usury, into existence.
Those notes, which are evidences of an obligation to pay dollars (coin) on demand, have not been redeemable since 1933. So what is being loaned to the United States by the Federal Reserve corporation to substantiate the DEBT?
According to the national debt clock, we're up to 11.6 trillion in debt.
Pursuant to the Coinage Act that translates into a sum of gold bullion weighing 575 billion ounces. Since Fort Knox only has 147 million ounces in its vault, one might be curious as to WHAT was lent to the U.S. government, under the auspices of the Federal Reserve Act of 1913?
(World wide known above ground gold amounts to less than 5.5 billion ounces.)
Recapping: constitutional money is either gold or silver coin. In 1933, the Federal government ceased to redeem their notes with money, went bankrupt, and was reorganized for the benefit of the creditor.
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.
And every American who signed up with national socialism (via FICA) is a "human resource" pledged as collateral on that impossible debt. Which makes each enumerated American an obligated party on those FRNs. That's how they can function as "legal tender" - obligated parties cannot object to the tender of their own notes, to discharge debt.
So the real cause of our depression / recession / economic collapse is the BANKERS, via usury, which creates an impossible to pay debt. And that by subterfuge, took over the operation of the federal government, in 1933, and we've been their voluntary slaves ever since.
The tail truly wags the dog... that's why the BANKS were bailed out, without question. And didn't have to disclose how that TARP money was spent.
it is up to americans to force our congress to audit the federal reserve. barney frank is still trying to hold it up, but there are enough sponsors that it is to be debated on the floor now. it is sickening that taxpayer money is being spent with zero accountability!
Beloved leader is lolling about somewhere in Texas while serious people work to tow the car back to the top of the cliff that he drove over. Teenagers. Meanwhile, the Chicken Little Club meets regularly and pretends that they know what they're talking about while discussing the dire predictions found on the website of the latest Whackjob Internet Financial Guru Wannabe of the Month. Have a good time with that...
You are so naive if you honestly think the country's financial problems started eight years ago.
Beloved leader is lolling about somewhere in Texas while serious people work to tow the car back to the top of the cliff that he drove over. Teenagers. Meanwhile, the Chicken Little Club meets regularly and pretends that they know what they're talking about while discussing the dire predictions found on the website of the latest Whackjob Internet Financial Guru Wannabe of the Month. Have a good time with that...
Yes Sag, keep your head in the ground and repeat after me, 'I see nothing, nothing'.
Funny how each news item by itself means nothing or very little but if you put enough of them together some "new" dots emerge.
The MSM is out to pasture on this but there are several non-mainstream sites talking about this. Tinfoil of course...or is it ??
So the 'bank holiday' idea isn't so far fetched after all. Apparently it has been in discussion for awhile now by the powers that be.
'It is no secret the elite have envisioned a global currency for some time now. In 2007, the director of international economics at the Council on Foreign Relations stated that the dollar and the euro are but temporary currencies. “It is the market that made the dollar into global money – and what the market giveth, the market can taketh away. If the tailors balk and the dollar falls, the market may privatize money on its own,” Benn Steil pontificated.'
So the 'bank holiday' idea isn't so far fetched after all. Apparently it has been in discussion for awhile now by the powers that be.
'It is no secret the elite have envisioned a global currency for some time now. In 2007, the director of international economics at the Council on Foreign Relations stated that the dollar and the euro are but temporary currencies. “It is the market that made the dollar into global money – and what the market giveth, the market can taketh away. If the tailors balk and the dollar falls, the market may privatize money on its own,” Benn Steil pontificated.'
This post, a few years ago, would have had about 90% "tinfoil" replies.
Now I do read some of the "tinfoil" type sites to see what they are talking about and have for years..CFR, Bilderberg group, FEMA camps, martial law, etc. I read it and then forget it. But when these oddball "news articles" start hitting the MSM, that puts a different spin on it.
Too many people just "dismiss" these types of articles.
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