"All of the confusions and distress in America arise, not from defects in their Constitution, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit [paper money] and circulation."
John Adams (1781)
So began admonishments to us from 200 years ago by one who knew what awaited his countrymen (us). What has happened to Our money is criminal. In fact, it is beyond criminal and nearly beyond credibility. Just after World War II America had nearly one billion ounces of gold coin in circulation and untold millions of ounces of silver coins. These metals in circulation represented real undiluted debt-free capital. It was ours and we owed no one anything for it. This $400,000,000,000 pool of liquid capital belonged to private American citizens and represented the wealth of our great nation. What happened to all this wealth?
Before most of us were born money was a real thing. It was gold and silver coin as specified by Our Constitution, the founding law of Our country:
ARTICLE 1, SECTION 8
"The Congress shall have the power ... to coin Money, regulate the value thereof"
ARTICLE 1, SECTION 10
"No State shall ... coin Money; emit Bills of Credit (paper money); make any Thing but gold and silver Coin a Tender in Payment of Debts."
In other words no federal or state government was permitted, by law, to mint or issue anything other than gold and silver coins as lawful money. Neither are they permitted to accept or pay debts with anything other than gold and silver coin. What? Where did all this paper come from and what is it if it isn't Money? Listen up - this gets real interesting...
Well guess what happened? If you are lucky enough to have any 'money' in your pocket take it out and examine it. On the front (near the portrait) of the bill you will find the words: "This note is legal tender for all debts, public and private". Across the lop of the bill you will read the words: "Federal Reserve Note". Nowhere on this bill are the words: gold, silver or money. This is because this bill is not money as defined by Our Constitution (see above). It is not money at all. It says what it is - it is a note issued by a private, tax-exempt, for profit bank - the Federal Reserve Bank(s). Which are all owned privately by people living outside of America.
A 'note' is: 'a paper acknowledging a debt or promising to pay (also called note of hand); also a certificate, as of a government or a bank, passing current as money.' The portion "passing current as money" means passing from one person to another and generally accepted as money. This implies that it is not money but is only accepted as money. It is the Constitution that defines what real money is: it is gold and silver coin. The bill in your pocket is in actuality an instrument of debt - it is owed to somebody - The Federal Reserve Banks and their foreign owners.
"Money is not only a medium of exchange, but it is a standard of value. Nothing can be such standard which has not intrinsic value, or which is subject to frequent changes in value."
Justice Fields (1883)
Now so much for definitions. What does paper or metal money have to do with anything? Are you working harder now and enjoying it less? Are you really better off now then when you began working so many years ago? Are your children making it better or worse than you did when you started out? Why does it take two people working very hard to not make ends meet worse now than when one was working in the 50s and 60s? The answer to this question lies in the money. Our money has become nearly worthless. Remember back in the late 60s a new Volkswagen bug cost less than $2,000. Today that same car (with a different body) cost about $7,000. These are the same 'dollars' you have in your pocket. A soda pop cost a nickel back then and now how much is the very same item? Herein lies the evilness of paper money. The Federal Reserve Banks (and their stooges) can print as much of it as they want whenever they want. This flooding the market (your pocket) with more and more cash is called 'fractional reserve' banking when coupled with the local bank's privilege of signing money into existence whenever they want more to lend some to you.
It is a fantasy that Our government prints (issues) money.
It really works like this: The US Congress desires to spend (that' s how they stay in office) more money to buy our votes. There is a problem here as there is no money because the Congress of 1913 gave their own Constitutional right to coin real money away to a bunch of foreign bankers - the Federal Reserve Banks. The Congress must request the Federal Reserve to issue and then lend them (Us) some Federal Reserve notes. The privately owned, tax exempt Federal Reserve Bank lends these notes to the U.S. Government (you and me and our children and neighbors). The tax-exempt Fed only pays the U.S. Treasury about 3 cents per bill for these (regardless of denomination) as printing cost. But when we get these funny pieces of paper we have to pay the full face value back with our blood sweat and tears PLUS ANY INTEREST the thieves think is appropriate for them. Guess what didn't happen in this transaction? The thieving Fed never printed the interest! So we can maybe pay back 100% of what we borrowed but there are no more Fed notes to pay the interest! Every time Our government employees borrows more from the private Fed we get further and further into debt - a debt that can never be paid!
"The burden of debt is as destructive to Freedom as subjugation by conquest."
Benjamin Franklin
In the beginning we paid this bogus and illegal debt with real money - gold - until it was all gone on March 9, 1933 when Roosevelt literally, willfully and without due process of law took the gold away from the American citizen (Us) and gave it to the bunch of thieves at the Fed in exchange for paper. Paper which could only do one thing - put us further into irretrievable debt. Why put America into deeper and deeper debt? Reread Franklin's quote in the previous paragraph. The idiotic process continued until 1968 when they took the balance of our silver to pay for even more of these worthless notes.
"If Americans ever allow banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children will wake up homeless."
Thomas Jefferson
On June 5, 1933, as a result of a prearranged banking crisis, the Congress of the United States passed House Joint Resolution No. 192, suspending the Gold Standard (they did not abolish it), which means they disestablished the fixed content of the Gold Dollar and took away the Law jurisdiction of the U. S. Standard Dollar Lawful Money. In effect, the entire country, every State and every freeborn, Sovereign American individual, became insolvent and was effectively put into bankruptcy, making it impossible for each State and each individual to either pay their debts, at Law, or to be paid, at Law. This was, in actuality, a criminal act of usurpation of the sovereignty of We The People, by Congress.
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