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Q: How much U.S. currency is in circulation?
A: There was approximately $1.34 trillion in circulation as of January 7, 2015, of which $1.29 trillion was in Federal Reserve notes.
DIVIDE that by 320 million U.S. population (March 2015)
$4,031.25 (dollar bills) per capita
". . . The financial position of the United States includes assets of at least $269.6 trillion and debts of $145.8 trillion to produce a net worth of at least $123.8 trillion."
. . . .
DIVIDE that by 320 million U.S. population (March 2015)
$386,875 (dollar bills) per capita
. . . .
D’Oh!
There are only $4,031.25 dollar bills per capita
How can you tally up a value in something that does not exist?
I can’t make money, you can’t make money, even CONGRESS cannot make money.
(Congress can coin money (stamp bullion) or borrow money. It cannot create bullion. “Dollar bills” are IOUs / debt, not dollars. And since 1933, unredeemable in lawful money. See Title 12 USC sec. 411, Gold Reserve Act of 1934.)
As to “lawful money” - - - wuh woh, Scooby.
. . . . . . .
Fort Knox Depository allegedly holds 147.4 million ounces of gold, that if coined, would amount to $3 billion dollars (pursuant to the Coinage Act of 1792).
Or roughly $9 per capita.
. . . . . . . .
USA : 3,794,101 sq mi, 640 acres to a sq.mi, or 2,428,224,640 acres.
Population : 320 million, or 84.34 people/sq mi, (Or 7.58 acres per person)
. . .
Which 7.58 acres would you like to own?
Arable land, so you can grow food to eat?
(Watch out for those desert parcels - not too popular, I hear)
. . .
Do not embrace the nonsense of wealth redistribution. If poverty was caused by needing money, never needing money again should end it - but it doesn’t. If everyone woke up tomorrow with their bank accounts showing 22 billion billion quatloos (dollar bills are worthless, by law) - more money than they could ever spend - or need - what will they “spend” it on?
If no one “needs money” and therefore does not go work, farm, manufacture, transport, nor trade goods and services, what’s available to buy? Unless people are productive, all that money is worthless, useless and meaningless. The carefully crafted scam of money madness keeps us striving to acquire the scarce money token, and paying interest for credit, so that we are perpetually enslaved. To add insult to injury, using government to TAKE from one to GIVE to another, is a perversion... and needs a police state to enforce.
Prosperity is not based on money. Prosperity is based on production, trade and enjoyment of surplus usable goods and services. Doing more with less so more can enjoy is superior to doing less with more so few can enjoy.
If you see a society with UNMET NEEDS, UNEMPLOYMENT, UNUSED FACTORIES, etc, you have to question the sanity of the people.
If you ask why are there unemployed, unused factories, and people in need, the universal answer is - "No one has enough money."
But I just showed that having more than enough money doesn't do diddly for prosperity.
Can you see the remedy now?
It's not redistribution, it's not wealth, and it's not collective ownership.
What is stopping the unemployed from "working" at some useful task?
What is stopping the production and trade of usable goods and services?
Fear of inequitable trade.
Fear of being cheated and robbed.
When you figure out how to account for equitable trade without the bottleneck of money madness, parasites like usurers, and government, civilization might be saved.
In the meantime, consider acts of production, trade and enjoyment absent monetary consideration:
> Barn raisings
> House raisings
> Parents nurturing children
> Children caring for parents
> Members of religious orders spending a life in service
> Community projects
> Giving away garden surplus
> Helping a friend move his furniture
> Creating a work of art for others to enjoy
> Random acts of kindness
> Entertain a cranky child with balloon animals
". . .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, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
However, that's beside the point.
If you're an obligated party on those notes, you might be concerned.
If you're not, you're not obligated.
even CONGRESS cannot make money.
(Congress can coin money (stamp bullion) or borrow money. It cannot create bullion. “Dollar bills” are IOUs / debt, not dollars.
Through the Executive coins are Minted.
Through Congress legislation may be passed that requires spending. Spending can take place over and above and beyond what is taken in through Federal revenues of taxes, fees and fines. So we have deficit spending by order of Congress, and the Treasury issues the debt. New money. Congress creates new money via the central spending process.
Of course is not bullion. Although this new money could readily buy any commodity, including bullion if so directed by Congress. Bullion is rarely used as any sort of money.
Dollar bills are 1 USD worth of National Debt and they are indeed Dollars. Very handy and useful as money.
". . .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, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
However, that's beside the point.
If you're an obligated party on those notes, you might be concerned.
If you're not, you're not obligated.
In case you missed the "fine points" - pursuant to Art. 1, Sec. 10, only "gold and silver coin" pay debt.
If you do not pay debt, what ARE you doing with those dollar bills?
Hint, hint, it involves a privilege - a TAXABLE privilege.
So once long ago, Americans paid their debts as a "right" but since 1933, have only discharged debt as a "privilege."
Which explains why just about everything is subject to taxation.
And it also explains why no one "absolutely owns private property."
To alienate title, requires lawful money, not worthless notes. Thus, you must register property and pay a tax for the privilege of "holding it."
And let us not forget the corker - all participants in FICA are "human resources" pledged as collateral on the debt.
Quote:
"Federal Reserve notes are "backed" by all the goods and services in the economy."
In case you missed it - that means YOUR labor and YOUR property are "backing" CONgress' worthless IOUs.
So when gubmint does go kaput, the creditor won't foreclose on it - but on YOU.
ROFLMAO - that is SO funny - Congress repudiates their notes in 1933, then in 1935, suckers millions to sign up as "contributors" equally liable on the debt that THEY won't pay out on, and then misleads everyone to believe it was MANDATORY to sign up, and best of all, the muggles think they're doing great despite the buying power of worthless notes keeps on dropping.
Remember, you're the collateral on those worthless notes that you believe have value. You Owe You. LOL.
Nope, it never gets old. Money is used as a medium of exchange. you can dance around all of that, but in the end thats reality, where I an many others live. When you say "money is worthless" you are demonstrating that you are ignoring reality.
So no, when you state things like that, and I ask for your worthless money...it becomes obvious that even you do not believe what you are saying.
Nope, it never gets old. Money is used as a medium of exchange. you can dance around all of that, but in the end thats reality, where I an many others live. When you say "money is worthless" you are demonstrating that you are ignoring reality.
So no, when you state things like that, and I ask for your worthless money...it becomes obvious that even you do not believe what you are saying.
YOU are saying "money is worthless." I am saying "dollar bills" are worthless. . . and do not alienate title.
Dollar bills, being notes, are "not money."
You do not understand the distinction between a dollar (coin) and a dollar bill (worthless promise to pay a coin).
You won't believe me, so I strongly suggest you speak to a sitting judge and ask him to issue a ruling that a dollar bill is a dollar. Watch the look on his face.
The law is the law, and ignorance of the ramifications does not change a thing.
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
The Congress repudiated their promise to redeem their notes with lawful money (gold) in House Joint Resolution 192, June 1933, and later in the Gold Reserve Act of 1934.
...
How does the Congress and government operate, without obeying the U.S. Constitution and the explicit limitations to gold and silver coin as tender in payment of debt?
...
STATE OF EMERGENCY
Senate Report 93-549
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."
... ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...
Constitutional U.S.A. (1787 - 1933) R.I.P.
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).
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