Due to passing of Public Law 73-10, Chap. 48, 48 Stat. 112-113 (House Joint Resolution 192 of June 5, 1933), there is no money to pay any debts. Therefore, where is the money coming from that is ‘supposedly’ issued/distributed from the mortgage/loan companies? The money is coming from the signatures of the U.S. Citizens. According to the Emergency Banking Act which was passed on March 9, 1933, the CORPORATE UNITED STATES declared bankruptcy and with this bankruptcy, on April 5, 1933, Executive Order 6102 was signed by U.S. President Franklin D. Roosevelt which was "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" of U.S. citizens. Now since the signing and passing of these two dramatic events (Emergency Banking Act & Executive Order 6102), the Gold and Silver standard that once backed the US Dollar was permanently removed. And since this removal of the said Gold and Silver standard has occurred, there is no lawful money out here to pay any debts at law because according to the US Constitution (Article 1, Section 10), the only lawful money there is, is anything of valuable substance such as Gold and/or Silver. Therefore, with the bankruptcy of the CORPORATE UNITED STATES OF AMERICA, the FEDERAL RESERVE BANK took over the currency as well as the said corporation (THE UNITED STATES OF AMERICA) and through its insolvency the FEDERAL RESERVE BANK issued their own notes as an evident contract to show that the CORPORATE UNITED STATES OF AMERICA is impermanently indebted to them. This is the whole reason why the Federal Reserve Act on December 23, 1913 was passed before hand under former President Woodrow Wilson. Therefore, Federal Reserve Notes (or so called money) are nothing more than instruments of debt which are displayed and counted as 1, 5, 10, 20, and 100 dollar bills. We know that the true definition of any “bill” or “note” in banking terminology means “debt” or “a promise to pay”. Therefore, to use any Federal Reserve Note is to expand the national debt of the CORPORATE UNITED STATES OF AMERICA because each Federal Reserve Note is borrowed into existence through a credit and debt system. This is known as Fractional Reserve Banking. In summary, Federal Reserve Notes are obligations and have no redeemable value in gold or silver coin, wherefore the amount of tender or obligation is always zero. Wherefore there can be no payment of debt. Only discharge of debt.
Posted on: Thu, 20 Jun 2013 04:04:59 +0000