Sovereign Warriors What is Dollar by Jaro 5 hours ago Most people dont know that a Dollar is defined as an amount of silver, so having a $100 Federal Reserve Note, means that United States OWES YOU 100 silver dollars. Of course the US is bankrupt so they have no real money to give you, but you should STILL make demand for LAWFUL MONEY, since those LM they CAN give you (US Notes) dont come with Tax liability attached. Dollar was defined as WEIGHT OF SILVER in the Coinage Act of 1792, as a coin containing 371.25 grains (troy) of fine silver. It is about 0.7739 troy ounces of silver. Of course todays dollars are not silver, theyre just green-printed paper. How come? You gotta realize that Congress, who issues our currency via the US Mint, has TWO Constitutional authorities: 1) To COIN MONEY for the nation/Republic and 2) To do WHATEVER it wants in the 10-mile square of District of Columbia (including printing their own paper currency). So ask yourself, did Congress PRINT Federal Reserve Notes under the First authority? OBVIOUSLY NOT, since printing NOTES is not COINING money. So congress used the Second authority to print those FRNs. So our FIAT money is NOT NATIONAL money, it is FEDERAL currency of the District of Columbia AKA the United States. I.e. FRNs are the money of FEDERAL DEMOCRACY, NOT money of the dejure Republic. Most people dont realize that while Congress has the national authority to COIN money, which is to STAMP metal with certain standard value, it doesnt have authority to CREATE money. So Federal Reserve Notes are NOT MONEY, since they have no intrinsic value, like metals do. So when an FRN has printed on it 100 Dollars, it is NOT 100 dollars, it just means that it can be REDEEMED for 100 Dollars, because NOTES are PROMISORY NOTES, i.e. only PROMISES to pay. And the courts freely admit that, as they declared FRNs as OBLIGATIONS of United States. Which means that when you have a $100 bill (FR Note), that means that the US OWES you 100 Dollars, which according to the law of the Republic, is 100 SILVER Dollar coins! Also please note that while FRNs are LEGAL tender, silver and gold coins were always a LAWFUL tender. Whats the difference? LAWFUL tender (such as lawful money) PAYS OFF debts, while LEGAL tender (such as fiat currency FRNs) merely DISCHARGES debts. Most people mistake the Federal Reserve Note (FRN) “dollar bill” for a “dollar.” But no statute defines or ever defined the “one dollar” FRN as the “dollar” or even a “dollar.” Moreover, the United States Code (12USC411) provides that FRNs “shall be redeemed in lawful money on demand at the Treasury Department of the United States . . . or at any Federal Reserve bank.” Thus, if FRNs are not themselves “lawful money,” they cannot be “dollars,” the units in which all “United States money is expressed.” It was the Coinage Act of 1792 that made “all the gold and silver coins . . . issued from the . . . mint . .. a lawful tender in all payments whatsoever, those of full weight according to the respective values. What also the bozos in Congress wont tell you, is that their FEDERAL fiat money is BORROWED from a PRIVATE Central bank, which charges INTEREST, and which MAKES YOU LIABLE to pay that interest, usually in the form of INCOME TAXES. Of course theres NO interest or tax liability attached to LAWFUL MONEY, which are the United States Notes. So its real DUMB to VOLUNTARILY use FRNs, when you can simply DEMAND redemption of those Notes in LAWFUL MONEY, which the US OWES you, as FRNs are OBLIGATIONS of US. The Congress sure has Americans for suckers; when they OWE you 100 silver dollars via a $100 FRN, they tell you to use it as legal tender, so you spend it, but it only has as much value as $5 silver dollars, PLUS they charge you INTEREST (as income tax), b/c they borrowed those FRNs from FedRes. You dummies! When international banksters and crooked politicians get together, you PAY through the nose! UNLESS you start demanding LAWFUL MONEY under 12USC411. Of course theyre bankrupt since 1933, so they dont have any silver coins to give you, but at least you could get US NOTES, which is a NATIONAL, not PRIVATE currency, and doesnt come with tax liability. US Notes are lawful money - they are an issue of the US Treasury pursuant to law. FRNs are not. As far as a form of currency, both types of notes perform the same function. But how they originate and affect the obligations of the government, they are quite different. Except for the cost of printing, the red seal US Note requires no debt be issued. Thegreen seal FRN requires the government (and you the taxpayer) to become bound for repayment. FRNs belong to the banking cartel, not to you or to the government. Heres what federal law says: 12 USC 411 - 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. And heres how todays courts define lawful money: United States notes shall be lawful money, and a legal tender in payment of all debts, public and private, within the United States, except for duties on imports and interest on the public debt. US v Ware 608 f2d 400 l And here are all the US Coinage Acts until 1900: silverbearcafe/private/02.12/honmoney2.html
Posted on: Mon, 13 Oct 2014 14:06:32 +0000
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