Distractions, please, pilfering in progress! ... [1] Can Congress create money? [2] What is a dollar? [3] What is not a dollar? [4] What is a promise to pay a dollar when that promise is broken? ... [1] Congress is delegated the power to coin money (stamp bullion) and borrow money. It has no power to create money. (Art. 1, Sec. 8, USCON) If it did have the power to create money, why would it need to borrow it? And if it has no power to create money, it cannot give that power to anyone else. ... [2] A unit dollar is defined in the Coinage Act of 1792, et seq. ... 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, January 1792 ... Unit dollar = silver coin (minimum 0.77 ounces of silver + alloy) Double eagle = gold coin worth 20 dollars (1.03 ounces of gold + alloy) ... [3] A dollar bill (Federal Reserve Note) is not a dollar. TITLE 12, USC sec. 411. Issuance to reserve banks; nature of obligation; redemption Federal reserve notes ... shall be obligations [debt] 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 ... 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. ... The Fourth Coinage Act or Mint Act of 1873 was enacted by the United States Congress to demonetize silver. Gold became the only metallic standard in the United States, hence putting the United States de facto on the gold standard. ... Net result : The national debt, in excess of 17 trillion dollars, computes to an obligation to repay 875 500 000 000 ounces stamped into gold coin. 875.5 billion ounces. Problem #1 : Fort Knox depository (allegedly) holds 147.4 million ounces of gold bullion. Problem #2 : World wide supply of gold bullion (est.) is only 5.6 billion ounces. Problem #3 : What was loaned to Congress, if not money? Problem #4 : The impossible debt (owing 869 billion ounces that do not yet exist) cannot be questioned, pursuant to clause 4, 14th amendment, USCON. 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. ... Why is the worthless dollar bill legal tender? An obligated party on a note must accept their own note as tender in lieu of lawful money. According to Title 12 USC Sec. 411, a dollar bill is tender upon the Federal government (the obligated party) in lieu of lawful money. Why is it legal tender for YOU? ... 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... --- Blacks 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. And when the government is deemed insolvent, and the creditor forecloses, it cannot take anything held in trust. However, if you’re one of the 315+ million “contributors” underwriting the bankrupted government, you’re [expletive deleted]. If you thought FICA (Federal Insurance CONTRIBUTION Act) was insurance, you were misled. FICA is nothing but a Tax and Bribe scheme. 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. Congress is under no obligation to pay benefits - they are entirely at the governments discretion. So FICA is not insurance - for YOU. What does the government admit? treasury.gov/resource-center/faqs/Currency/Pages/legal-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, 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. ... Since 1933, Congress will not redeem their notes with lawful money. They have no par value. Congress worthless IOUs are backed by all YOUR goods and YOUR labor... if you are a contributor under FICA. Your property has been rehypothecated to underwrite their profligate spending. Thanks to the “emergency” (bankruptcy), FICA and the repudiated (worthless) money token system, no one can establish that they absolutely own (as a right). Having pledged your labor and property as collateral on the public debt, you can only have qualified ownership (a privilege), subject to taxation and regulation. With the de facto abolition of private property, the government has become communist, though not fully implemented at this stage. (Give them time to disarm everyone!) Best of all, you cannot blame the government, because the law states it is 100% voluntary. He who consents cannot complain. [4] Gold Reserve Act of 1934. en.wikipedia.org/wiki/Gold_Reserve_Act The Gold Reserve Act, which banned the export of gold, (Translation : “free” Americans could not get their gold out of the hands of “honorable” government) restricted the ownership of gold (Translation : “free” Americans could no longer own their own lawful money - only the government could be trusted) and halted the convertibility of gold into paper money. (Translation : “notes” were not redeemable into lawful money) ... ... Yes, indeed, Americans are victims of the WORLD’S GREATEST PROPAGANDA MINISTRY.
Posted on: Fri, 12 Sep 2014 13:32:41 +0000
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