MONEY MADNESS (various split off ozmirage posts and replies thereto) [Archive]

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ozmirage

20th May 2016, 23:04

[ Mod-edit: the following posts (at least the first 46 posts below) are various posts that Project Avalon member "ozmirage" made on other threads discussing various issues involving money. Since it seems to us (the forum moderators) that ozmirage has his own take on such topics, which provides little room for the views and interests of others, it made more sense to us to move his various posts on this topic, and some replies thereto, to their own thread. -- Paul. ]

===

I was tempted to go into a long winded discussion on the difference between lawful money and legal tender and fiat, but figured that no one would really care.

Let's just say that modern man is indoctrinated to be money mad.

No "thing" stores value.

Value is relative.

The function of a money token is to pass value to a future trade, when barter is insufficient. Money cannot "store" value. Money is useless if there is nothing for sale.

Money madness is the reason we're in the current predicament.

Good luck storming the castle.

P.S. -
Estimated world supply of gold bullion (5.6 billion ounces) versus 7 billion people comes out to less than one ounce per capita... far too little to function as a medium of exchange.

ThePythonicCow

21st May 2016, 20:33

Money cannot "store" value.
In and of itself, isolated from a functioning economic and monetary system, money is nearly worthless.

If I were stranded on a Pacific island, like Robinson Crusoe, I might be able to use cash as bedding or kitty litter or toilet paper. However whether it was $100 bills or $1 bills would matter naught.

But money, whether as cash, bank deposits, loans, or income from wages, insurance payouts, social government benefits, investments, or debt repayments, plays a valuable role in a functioning economic and monetary system (especially, increasingly so, in our debt burdened economy, from loans, which pull forward into the present anticipated income from the future.)

Similarly, lacking a car and roads and the skill to drive a car, a gallon of gasoline might serve as weed killer, but not much else. However, given the rest of such a functioning transportation system, a gallon of gasoline will help get me another 15 or 30 miles down the road, quite nicely.

A proper understanding of money involves an overall understanding of the systems involved. Dictums that money is or is not this or that, outside of such an understanding, accomplish little that I know of.

ozmirage

21st May 2016, 22:15

Money cannot "store" value.
In and of itself, isolated from a functioning economic and monetary system, money is nearly worthless.
[Indeed, it is.]
. . .
But money, whether as cash, bank deposits, loans, or income from wages, insurance payouts, social government benefits, investments, or debt repayments, plays a valuable role in a functioning economic and monetary system (especially, increasingly so, in our debt burdened economy, from loans, which pull forward into the present anticipated income from the future.)
[In a money mad culture, it certainly does have a role.]
. . .
A proper understanding of money involves an overall understanding of the systems involved. Dictums that money is or is not this or that, outside of such an understanding, accomplish little that I know of.
[Few have any understanding of what money is or supposed to be. Most are barking mad.]
When I was first exposed to "eCONomics" while studying Engineering, I embraced the Zeitgeist and relished calculating time value of money equations, tax depreciation, and all sorts of arcane calculations.

Only much later did I discover that (a) usury was an abomination and mathematically unsustainable, due to the exponential equation used for compound interest, and (b) eCONomics was a religion, not a science, covering up for the insane system in place. It uses a variable as a unit of measure, and apologizes for usury.

Examples of INSANITY.

How DEEP is the public's debt?

Depends.

How insane are you?

If you are very insane, you believe that the government "prints up" dollar bills and can do that indefinitely. No hope for you.

If you are mildly insane, you know that the "dollar bills" are IOUs - debt - authorized under 12 USC Sec. 411. But that they are part of the national debt (in excess of 19+ trillion) and can never exceed it.
. . .
http://www.federalreserve.gov/faqs/currency_12773.htm

Q: How much U.S. currency is in circulation?
A: There was approximately $1.45 trillion in circulation as of April 6, 2016, of which $1.4 trillion was in Federal Reserve notes.
(Roughly $4,375 per capita)
. . . .
Recent Asteroid fly-by valued at $4+ trillions in platinum.
http://www.rt.com/news/310170-platinum-asteroid-2011-uw-158/
. . . .
Now, if a consortium of the ten richest billionaires walked into "BIG BANKS R US" and said, we'd like to borrow 2 trillion dollar bills to fund asteroid mining, and reap 4+ trillions, guess what?
You cannot borrow that which does not exist!
So how can you measure wealth in something that does not exist?
Barking mad, yet?
. . . .
The same goes double for this:
. . . .
https://en.wikipedia.org/wiki/Financial_position_of_the_United_States

“. . . 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.”
. . . .
You can't measure with that which does not exist... whether dollars or "dollar bills."

If you are a wee bit insane, you might want a "gold standard," while ignoring that if the whole stock of gold in Fort Knox (147.4 million ounces) was coined, it would only amount to 2.9 billion dollars. Less than $10 per capita.

World supply of gold (est. 5.6 billion ounces) if coined, would amount to $112 billion gold dollars. Distributed among 7+ billion humans, $16 per capita, that’s less than one ounce per capita. (Silver was demonetized in the Coinage Act of 1873, but even if silver were restored, bullion supplies are insufficient.)

This shortage of bullion explodes the myth that "debt" can ever be repaid, let alone worth be evaluated in the trillions of dollars... or “dollar bills.”

CONgress was never lent $19+ trillion “dollars” (gold coin). It was extended credit at usury. But the public debt cannot be questioned, pursuant to clause 4, 14th amendment, USCON... even though the debt is 100% fraud.

Frankly, we cannot go back, we cannot go forward, and we can't stand still.
Now, you can run in circles, scream and shout:
“WE'RE [expletive deleted] !!!!”

- - -
P.S. CONgress cannot "create" money. It can coin money (stamp bullion) or borrow money. It cannot create bullion, nor money. Neither can it give such a power to anyone else.

So if American government cannot create money, who can?
- - -
Or better yet, who should have the power to create a medium of exchange to facilitate equitable trade when barter is insufficient?

[] Governments ? (parasites)
[] Banks ? (parasites, abominations)
[] Productive people ?
[] Enterprises ?

ozmirage

6th July 2016, 21:05

[ Mod-edit: The first two posts of this thread began life on the thread No, Jim Willie, the next world money will NOT be gold backed. (http://projectavalon.net/forum4/showthread.php?91678-No-Jim-Willie-the-next-world-money-will-NOT-be-gold-backed.&p=1079788&viewfull=1#post1079788) -- Paul. ]

===

Recapping:
● Lawful money = gold / silver coin (aka real money)
● Money = lawful money or currency (i.e., certificates which are receipts for real money in the vault)
● Notes are not money, by law, nor are they “fiat” because they’re debt (negative value)
Holding a note in your hand does not give it face value. It may be legal tender at face value to an obligated party on said note, but that does not give it value.

If you emit an IOU, “I, John Doe, owe the bearer one dollar,” what value does it have? Did you give a dollar to the note holder? No. You gave nothing of value - only a promise to pay in the future. Not fiat. Minus one dollar.

Until the note is extinguished by redemption, it is a minus value.
That may be a proper reading of Black's Law Dictionary, however it is not my understanding of what actually happens in the world's (America or elsewhere, wherever usury is allowed) current financial and monetary system
[IF YOU WISH TO BELIEVE THAT YOUR UNDERSTANDING TRUMPS LAW, THAT'S YOUR PREROGATIVE.]

When a bank extends a loan to a client, be that an individual, corporation or government, two items of self-canceling value are created by the bank, simultaneously, at the same time, on the bank's books.

The debtor gets immediate funds, and the bank gets some sort of debt paper, such as a mortgage, a loan agreement, or a bond such as the grand daddy of all debt paper in the world's current monetary system, US Treasury bills (under 2 years), notes (2 to 10 years), and bonds (over 10 years.)

That debt paper has value. If I gifted you a big stack of Treasury bonds, I am sure you'd kind enough to write me a thank-you note, before enjoying your new found wealth.
[THOSE DEBT INSTRUMENTS ARE SLAVE CHITS ON 320 MILLION HUMAN RESOURCES. THAT IS NOT A GOOD THING.]

Their value is in their promised returns in interest payments, paid by the debtor, and eventual redemption of their face value, also by the debtor, when they reach their termination date.

This method of lending new money
[DEBT IS NOT MONEY. EXTENSION OF CREDIT IS NOT SYNONYMOUS WITH LOANING MONEY.]

into existence is essentially and fundamentally a monetary method rising out of double entry bookkeeping, which has been around at least since Luca Pacioli of Venice, a monk, magician and lover of numbers, wrote about double entry bookkeeping, in 1494.

Extending a loan creates two offsetting entries in the bank's books. The bank trades cash now for repayment with interest later. The discounted value of the future repayments is equal to the present value of the cash dispersed, so the banks books remain balanced. But the bank gets to create the cash it disperses to the debtor ex nihilo, while it gets to immediately credit its assets with the discounted value of that debt paper, with the option to sell that paper at any time into the vast market for exchanging debt paper.

That IOU is almost always worth some positive value, unless it has already completely defaulted to zero value.

Depending on the credit worthiness of the debtor, it may well be worth nearly its future full face redemption value. IOU's from the US Treasury have been increasing in value, in the open market, almost non-stop, since the early 1980's. This is usually reported as declining interest rates on US Treasury debt, from some 15 or 20 % at its peak, when Greenspan spiked the Fed's benchmark interest rates in the early 1980's, continuing through the present when Treasury interest rates are in the near 0 to 2 % range, depending on the term of the instrument. When the market value of a given piece of debt paper increases, its imputed interest rate declines proportionately ... a strict and simple correlation.

Until the note is extinguished by redemption or default, it has a positive value (an asset of positive value on the books of its holder.)
As I stated before, we're indoctrinated to be MONEY MAD, so insanity appears reasonable and proper. (And, yes, I did study classical eCONomics as part of my higher education in Engineering Economics Analysis. It took me years before I realized that it was a giant CON.)

Since 1933, no lawful money has circulated. (FDR "liberated" all lawful money and criminalized the possession of it by "free" Americans)

Pursuant to Art. 1, Sec.8, Sec. 10, NO ONE HAS PAID DEBT, since 1933, if they used repudiated worthless IOUs (Federal Reserve notes). That is why just about everything can be taxed as a government privilege - labor, retail sales, telephone service, inheritance, etc.

The irony is that via FICA, 320 million human resources are pledged as collateral on those worthless notes. {To paraphrase Soylent Green: "Dollar bills are people."}

If you thought you were “insured” by FICA, and paid into a “Trust fund”, you were mistaken. The law states otherwise. The Federal Insurance CONTRIBUTIONS Act never was insurance for you, the sheeple. It was insurance for the bankrupted Federal government.
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...
--- Black's Law Dictionary, Sixth Ed., p. 328
All claimants upon the Federal government (the creditor - and the recipients) can expect each enumerated American to SHARE in liability on the LOSS (bankruptcy).

http://www.ssa.gov/history/nestor.html
http://www.scribd.com/doc/13672493/-Property-Rights-The-Hidden-Issue-of-Social-Security-Reform-Cato-Social-Security-Choice-Paper-No-19-
"One of the most enduring myths of Social Security is that a worker has a legal right to his Social Security benefits. Many workers assume that, if they pay Social Security taxes into the system, they have some sort of legal guarantee to the system's benefits. The truth is exactly the opposite. It has long been law that there is no legal right to Social Security. In two important cases, 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."
Since FRNs are NOT fiat, when the balloon finally goes BUST, the bankrupt government cannot be held liable - it repudiated its debt in 1933 (House Joint Resolution 192, June 1933 and Gold Reserve Act of 1934).
If you're signed up with FICA / Social Security, all your labor and property are subject to confiscation by the CREDITOR.

http://www.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."
[!]
They are backed by YOUR goods and labor (FICA makes all participants into obligated parties [contributors] on said notes, so they become legal tender).
[!]

How did CONgress get the power to issue IOUs that obligate YOU to pay on them?

The site coyly avoids mentioning that FICA is the means by which all YOUR goods and YOUR labor back their worthless IOUs. I can’t recall the constitutional clause that states that Congress has a superior claim upon the labor and property of all Americans - do you?

Remember, no American government can take PRIVATE PROPERTY for public use without paying JUST COMPENSATION. Ergo, no government can arbitrarily claim ALL PRIVATE PROPERTY without incurring an impossible obligation.
OR
There is no more private property - abolished, thanks to FICA. (Which is 100% voluntary, by law.)

This also means enumerated Americans cannot absolutely own private property - more than one has a claim. They can only have qualified ownership of estate.

Remember, if Congress takes PRIVATE PROPERTY for public use, it must compensate the owner. Whereas, if one's property is "backing" their worthless notes, no compensation is due.

Now you may run in circles, scream and shout - "We're [expletive deleted]!"

ozmirage

6th July 2016, 21:13

Addendum:
If you're wondering HOW the U.S. government bypassed the Constitution. . . it was done via EMERGENCY RULES.

STATE OF EMERGENCY
. . . .
http://en.wikipedia.org/wiki/State_of_emergency#United_States

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).
. . . .
Senate Report 93-549
https://archive.org/stream/senate-report-93-549/senate-report-93-549_djvu.txt

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."

FREEDOMS ... GUARANTEED BY THE CONSTITUTION ... HAVE BEEN ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...

Constitutional U.S.A. (1787 - 1933) R.I.P.

. . .
Americans have lived under a two party perpetually indebted benevolent communist totalitarian police state dictatorship* using emergency rules for 83 years (as of 2016) ... and still haven't a clue that the constitutional government has been dead since 1933.

We’re on the threshold of the final transition to the People’s Democratic Socialist Republic of America.

KUDOS to the WORLD’S GREATEST PROPAGANDA MINISTRY.

(* Title 12 USC sec. 95(a), 95(b) grants pre-approved powers to the president and the secretary of treasury during this “emergency.” BTW - the secretary of treasury is also the U.S. governor of the World Bank, IMF, etc, etc, and shall not be paid by the U.S. government. Title 22 USC Sec. 286a(d)1. He is paid by the fiduciary agent - the Federal Reserve corporation. Connect the dots?
.... Re-codified at 50 U.S.C. § 1601-1651)
((For legal beagles, one can now find that there is a claim that the “State of Emergency” was modified, by law, in 1976. The National Emergencies Act (Pub.L. 94-412, 90 Stat. 1255, enacted September 14, 1976, codified at 50 U.S.C. § 1601-1651) is a United States federal law passed to stop open-ended states of national emergency and formalize the power of Congress to provide certain checks and balances on the emergency powers of the President. However, in my copy of the 1992 U.S. Code, Title 12 USC Sec. 95 is still in force and effect, granting sweeping powers to the SECRETARY OF TREASURY.))

. . .
PEE YOURSELF YET?

amor

7th July 2016, 02:27

ozmirage

7th July 2016, 19:08

I am damned certain that not 0.01% of Americans are aware of any of this progressively passed, with fraudulent design and intent, paperwork which robs them of their Social Security marketed as an insurance for retirement, with intent to take everything they have earned, including their homes, away from them, through a fraudulent State of Emergency, mostly created by the wealthy corporation WAR MONGERS, exists by DESIGN; and is now coming to MURDER THEM ALL TO COLLECT!
Though the law appears to be "insurance" it was never for the participants. It was a "tax and bribe" scam to enable a new tax in the midst of the Depression - not unlike the "Affordable Health Care Act" which was ruled to be a tax, too.

Consider that when you buy "Life Insurance" you're insuring your life.
When you buy "Auto Insurance" you're insuring your auto.
When you sign up for "Federal Insurance" you're insuring - you guessed it - the Federal government.
In gratitude, the bankrupt government offers public charity ("gifts") to the lucky ones who survive or qualify.

The "State of Emergency" was very real, due to usury, the abomination. It only took 20 years (1913-1933) for the Federal Reserve corporation to bankrupt and take over the USGUBMINT.

Since they bypass the USCON by YOUR CONSENT, there's nothing that the elected government can do until enough Americans WITHDRAW CONSENT.

To do that would require a massive re-education / re-awakening of the people to their lost heritage of sovereignty, freedom and independence.

I am pessimistic as to that happening before "the collapse."

Birthright of Sovereignty
http://projectavalon.net/forum4/showthread.php?89658-Americans-Squandered-Their-Birthright-of-Sovereignty

TrumanCash

8th July 2016, 04:54

"America is that land which fought for freedom, then passed laws to get rid of it." -- The Honorable Alfred E. Neuman of Mad Magazine fame.

ALL OF OUR (ALLEGED) "FREEDOMS" ARE NOW TOTALLY DEPENDENT UPON THE NUMBER OF THE BEAST (AND OF COURSE THE TECHNOCRACY THAT REQUIRES THAT NUMBER) IN ORDER TO SURVIVE!

For those who are concerned about a "national ID" please allow me to point out that there is already a national ID and it is that number. You'll need it for pretty much everything including a bank account, to get a job, start a business, traveling by automobile, fishing, professional license, business license, mobile phone, apartment/house rental or purchase credit check, etc, ad nauseum.

Game over! They won, we lost! There is no movement to even protest the use of that number! The New World Order corporate enslavement is not just a plan for the future. It's already here! It's a done deal! The sheeple have accepted it voluntarily. And I am greatly saddened.

All of our rights--health freedom rights, right to travel, right to buy and sell, right to be free of gov tyranny, etc, have been taken away by that number under US Code Title 42, Section 666, inter alia, which was written by the American Bar Association. (Some may say it was Satan who wrote it but I say what's the difference?)

US Code Title 42, Section 666 is not about "deadbeat dads". That's the trojan horse that the elitists used to force it on everyone (not just "deadbeat dads"). Bill Clinton was one of the chief front man promoters of the "deadbeat dad" bill. And I wouldn't doubt that Hitlery was pushing even harder for it. (And of course the elitists are just using the religious angle to manipulate--David Rockefeller and Allen Dulles used to meet after church and discuss how they could control religious beliefs.)

Perhaps I could feel a bit better about this if I knew there were many people like me who just refuse to use the number, but there isn't. There is no movement to rage against the beast. People love it!

I don't think there is a way that I can accurately express to people what it is like and how difficult it is to live without that number. It is by far the most difficult thing I have ever done in my life! I lost count of the number of people who hated me for it. I think that's the worst part of it--People who hate you for being different. And this includes your family, your (ex)wife, your mother, your father, etc. It's very, very, very hard.

But I'm not giving in--ever! NOT PHUH KING EVER!

Here's just a little example: You're caught in the rain and miles from home. You can't "drive" (i.e., travel by automobile) to get home because your beastly social security number is required to get a "license" to "drive" or else you go to prison (Oh, excuse me, I meant "correctional facility"). You can't call a taxi because you have to give your SS# to get a mobile phone. And guess what folks--There's no more public pay phones to use. But even if a taxi came by you could not pay for a taxi because your SS# is required for employment or starting your own business so you don't have any FRAUDs (Federal Reserve Auditing Unit Denominations). (Ever wonder why you have to put your SS# on your IRS forms? It's because the IRS has "jurisdiction"--their word, not mine--over the Social Security Administration corporation, which is voluntary.) Hungry?--Can't buy food and can't get food stamps. Time to start checking out Euell Gibbons' books. Tired and need to rest?--Well, you can't rent an apartment because they demand your SS# for a credit check. Are you getting the picture?

And I love this statistic--The US has 5% of the population of Earth but has 25% of the world's prison population. Anyone who uses the word "freedom" in conjunction with "America" or the "United States of America" is simply not paying attention. And I can guarantee you that such a person is as happy as a clam to be using that wonderful, convenient social security number.

Aaron Russo, thank you for having stood your ground and told the truth about the elitists' plan to enslave everyone with the number of the beast and the "chips" that go with it.

"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen." -- Samuel Adams

"TO SERVE MAN --- It's a cookbook!" :shocked: Twilight Zone, episode 89

ozmirage

8th July 2016, 05:35

You'll need it for pretty much everything including a bank account, to get a job, start a business, traveling by automobile, fishing, professional license, business license, mobile phone, apartment/house rental or purchase credit check, etc, ad nauseum.

Perhaps I could feel a bit better about this if I knew there were many people like me who just refuse to use the number, but there isn't. There is no movement to rage against the beast. People love it!
I withdrew consent in 1992-3, and have survived so far. When asked for "my number" I reply that it is against my religion to participate in that abomination.

With 20-20 hindsight, if I had established a domicile, it would have been far easier.

I don't think there is a way that I can accurately express to people what it is like and how difficult it is to live without that number. It is by far the most difficult thing I have ever done in my life! I lost count of the number of people who hated me for it. I think that's the worst part of it--People who hate you for being different. And this includes your family, your (ex)wife, your mother, your father, etc. It's very, very, very hard.
Indoctrinated serfs are opposed to freedom.

ON FREEDOM

“ Oh, yeah, that's right. That's what's it's all about, all right. But talkin' about it and bein' it, that's two different things. I mean, it's real hard to be free when you are bought and sold in the marketplace. Of course, don't ever tell anybody that they're not free, 'cause then they're gonna get real busy killin' and maimin' to prove to you that they are. Oh, yeah, they're gonna talk to you, and talk to you, and talk to you about individual freedom. But they see a free individual, it's gonna scare 'em.”
--- George Hanson (Easy Rider, 1969)

Here's just a little example: You're caught in the rain and miles from home. You can't "drive" (i.e., travel by automobile) to get home because your beastly social security number is required to get a "license" to "drive" or else you go to prison (Oh, excuse me, I meant "correctional facility"). You can't call a taxi because you have to give your SS# to get a mobile phone. And guess what folks--There's no more public pay phones to use. But even if a taxi came by you could not pay for a taxi because your SS# is required for employment or starting your own business so you don't have any FRAUDs.

Actually, you CAN travel via private automobile (not passenger auto).
The problem is that since 1933, few if any Americans can establish that they absolutely own their property like private automobiles. (FRNs do not alienate title)
However, check your state constitution and statutes regarding NON-RESIDENTS.

In other words, if you have a domicile (not a residence), and thus can claim to be an inhabitant (non-resident), you are exempt from requirements that only apply to RESIDENTS.

(There are a host of other issues, such as "motor vehicles" are "in commerce" and "driving" is a commercial activity.)

. . .
SOCSEC is 100% voluntary - no law compels participation

“The Social Security Act does not require an individual to have a Social Security Number (SSN) to live and work within the United States, nor does it require an SSN simply for the purpose of having one...”
- - - The Social Security Administration

http://home.hiwaay.net/~becraft/ScottSSNLetter.pdf
. . .

FYI - If you wish to open a commercial non-interest bearing account, you can use an EIN (for a business).

Remember, usury is an abomination, proscribed for "only" 3500 years. You would not benefit from an interest bearing account, since usury is a revenue taxable privilege.

Helpful reference material here:
https://groups.yahoo.com/neo/groups/NASP/info

TrumanCash

8th July 2016, 06:08

"FYI - If you wish to open a commercial non-interest bearing account, you can use an EIN (for a business)." [quote from post #6 above]

Oh, yeah, really? And they don't require a SS#, "ID", address, first and last name, etc, etc, ad nauseum? And really is there any actual difference between an SSN and an EIN? Aren't they both "government/corporate" required numbers? Why do I need or want a number to conduct a business which is my natural right? Why would I want to participate in a fraudulent, oppressive system?

No thanks. I am not a number!

ozmirage

8th July 2016, 16:06

JULY MONEY BOMB

A short reminder of imminent economic chaos
=\=\=\=\=

http://www.federalreserve.gov/faqs/currency_12773.htm
Q: How much U.S. currency is in circulation?
A: There was approximately $1.45 trillion in circulation as of April 6, 2016, of which $1.4 trillion was in Federal Reserve notes.
($4,375 per capita )

http://www.federalreserve.gov/releases/h6/current/
May 2016 (in billions)
● M1: 3,235.2
● M2: 12,731.2
(Dollar bills, not dollars)

World supply of gold (est) = 5.6 billion ounces.
If coined pursuant to the Coinage Act of 1792, would compute to approximately 112 billion dollars (coin).

In reference to the price of gold denominated in FRNs (dollar bills), $ 1,354.35 (spot price for 7/8/2016), that computes to approximately $7,584,360,000,000.00 (FRNs).
● 7.5 trillion dollar bills.

http://www.brillig.com/debt_clock/
NATIONAL DEBT (in dollars, not dollar bills)

The Outstanding Public Debt as of 08 Jul 2016 at 03:44:28 PM GMT is:
● $19,347,696,188,419.34

The estimated population of the United States is 323,309,720
so each citizen's share of this debt is $59,842.58.

No matter how you look at it, the outstanding debt can never be repaid.
There is not enough gold bullion to coin into lawful money.

Furthermore, dollar bills, being debt, are part of the national debt.

Via FICA, 320 million "contributors" are liable on this impossible obligation.
And no one can challenge it because of clause 4, 14th amendment, USCON.

INSANE?
YES!

More money madness - - -
https://en.wikipedia.org/wiki/Financial_position_of_the_United_States
● ". . . 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."

https://en.wikipedia.org/wiki/2015_United_States_federal_budget
https://www.gpo.gov/fdsys/pkg/BUDGET-2015-BUD/pdf/BUDGET-2015-BUD.pdf

● 2015 Federal Budget $3.58 trillion (expenditures)
● 2015 Federal Deficit $438.9 billion (borrowed)
● 2015 Federal Deficit $312 billion (estimate)
● 2015 Debt Service $252 billion (estimate)
● 2015 Unified budget deficit $564 billion (estimate)
● 2015 Gross Domestic Product $18,454 billion (estimate)
● . . . versus . . .
● $1.4 trillion in circulation.

http://www.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. . ."

Remember, pursuant to the Constitution, only gold and silver coin PAY DEBT. You cannot prove you own anything you bought with worthless IOUs. Even if you cash out in time, the dollar bills are worthless.
That's why billionaires => zero-aires when the paper money vaporizes.
D'Oh!
(Art. 1, Sec. 8, Sec. 10, USCON)

In short, you can now run in circles, scream and shout, "We're [expletive deleted] !"

ozmirage

8th July 2016, 16:14

"FYI - If you wish to open a commercial non-interest bearing account, you can use an EIN (for a business)." [quote from post #6 above]

Oh, yeah, really?
And they don't require a SS#, "ID", address, first and last name, etc, etc, ad nauseum?
[I did not need those to get an EIN, back in 1992. Perhaps they changed the rules.]

And really is there any actual difference between an SSN and an EIN?
[Yes. One is an account number in the "Tax and Bribe" system. The other is for those who are "Employers" of "employees" - or Churches, who use the number for banking purposes only.]

Aren't they both "government/corporate" required numbers?
[They are numbers used to identify accounts. However, a non interest bearing bank account has no reporting requirements to the Eye Are Us.]

Why do I need or want a number to conduct a business which is my natural right?
[There is no "right" to engage in contracts with usurers - "the enemy." Trading with the Enemy (usurers) puts you in a dim light with respect to the law. Having a zero interest commercial account causes minimal legal injury.]

Why would I want to participate in a fraudulent, oppressive system?
No thanks. I am not a number!

If I may make an observation - you are expressing opinions that sound like old Patriot mythology, that has been debunked decades ago.

In America, if you have endowed rights, you’re under the republican form of government. If instead of endowed rights, you have “constitutional rights” and mandatory civic duties, you’re under the constitutionally limited indirect democracy that serves the people in the republican form of government. If you have socialist obligations, you’ve volunteered into the socialist democratic form, via FICA.

The law that is in harmony with the REPUBLICAN FORM is still on the books. The sovereign American, free inhabitant, domiciled upon private property within the boundaries of these united States of America retains his endowment of rights (inalienable and natural) and liberties (natural and personal), and oath bound government is his servant, not his master.

I have not read all law, but I have yet to find a law that trespasses upon the natural and personal liberty of the American national / free inhabitant domiciled upon private property within the boundaries of the united States of America.

However, there ARE voluminous rules, regulations, taxes, and penalties imposed on U.S. citizens / residents, duly enumerated (via FICA), engaged in usury, who reside at residences, registered as real estate, and are obligated to get permission (license) and / or pay taxes to live, work, travel, buy, sell, operate a business, transmit radio, fly a plane, trade in healthcare, buy medicine, cut hair, build a house, hunt, fish, marry, and / or own a dog.

In short, if one has not given consent to be governed, all that servant government can do is secure rights, adjudicate disputes, prosecute those who deliberately injure the person and property of another, and defend against enemies, foreign or domestic. But once consent is given, all bets are off.

Always make sure exactly what one is consenting to, before signing up with any instrumentality of government or usury (banking).

ozmirage

8th July 2016, 16:31

ozmirage replied to my latest post just above, with a couple more posts continuing to present his understanding of our money system. His understanding is quite different than mine, and after a point, in my view, distracts from the particular focus of this thread.

But I also do not endorse what appears to me to be the more legalistic theories, when it comes to understanding the true, long term, nature of our civilization's various monetary systems.

I apologize if my legal focus is diverging from the focus.

Americans are ignorant of their own laws. This is a fact. Even CONgress enacts laws that no one has read or comprehended (i.e., Obama Care). Until I began to read law for myself, 27 years ago, I was woefully ignorant, and my "understanding" was the result of indoctrination by the world's greatest propaganda ministry. (This ignorance was in spite of advanced degrees in engineering and science.)

I must disagree that data based on actual LAW is questionable theory, "an understanding" or opinion.

What we're facing, based on the actual law, is far more dangerous than anyone can imagine.

In layman's terms, every enumerated American is collateral on the impossible debt. And the creditor can use the courts to enforce a claim upon the person, labor and property of every "contributor" in the country.

And as long as "we" consent, this insane situation is wholly LEGAL. The only sane remedy is to withdraw consent ASAP.

We're heading for an economic collapse - the only question is when.
The instigating factor can come from them, or from us, via wholesale withdrawal.
There is no changing that fact.

Either way, we have to either shun usury or submit to perpetual debt slavery. There is no compromise or middle ground.

I accept that billions are "money mad" and will not stop their mad rush to the cliff edge, and fall over the precipice.

The irony is that usury has been condemned for over 3500 years, proscribed by all religions, and yet most people embrace this serpent to their bosoms. Why be surprised when it sinks its poisoned fangs deep ?

Interesting page on usury:
http://www.monetary.org/a-brief-history-of-interest/2010/12

===

[ Mod-edit: "Actual law" is not actually actual, in my view, and in any case a discussion of it is a distraction from the viewpoint presented on the thread No, Jim Willie, the next world money will NOT be gold backed (http://projectavalon.net/forum4/showthread.php?91678-No-Jim-Willie-the-next-world-money-will-NOT-be-gold-backed.&p=1079788&viewfull=1#post1079788). So I moved the above post from that thread, to this thread. -- Paul. ]

TrumanCash

8th July 2016, 19:29

No, I am not parroting the "old Patriot mythology" (as you put it). You appear to condescendingly pretend to know me. Ironically, it had always appeared to me that you have been preaching the same "old Patriot mythology" that I have heard time and time again, ad nauseum, but I am not inclined to give Mr. Know-It-All lectures. It appears that you are not understanding who I am and I don't need a lecture from you on what the laws are or aren't because there is no law. It appears you are attempting to lecture people in your posts about what the "law" is or isn't. Yet "the law" is not followed anyway so what does it matter? THAT is my point.

I'm just saying it is over. And I don't even know if the "law" was ever actually followed in whatever country throughout history, any where or any when, because corruption is a part of being on planet Earth. Sociopaths love to seek positions of authority and power. When people do not hold them accountable, war and chaos become the norm. 1984 is here and now. People have a very hard time facing that. I know that personally. Most people are basically sheep and do not question--let alone stand up to--authority. That's just the way it is. (And what we are witnessing now is pretty much what it was like in Nazi Germany, which I remember quite well.)

BTW, I am absolutely not a patriot nor am I a "christian", so I am also not a "christian patriot" (in the event you may also be inclined to pigeon-hole me into one of your "patriot" labels). Christianity is simply and always has been an Illuminati (Illu) mind control mechanism and I can personally vouch for this as I was burned at the stake by "christians" for being a free thinker and not accepting "christianity". Well, they didn't stop me! I'm back and I'm still telling the truth as I have personally witnessed it to be. And will continue to do so.

If you really would like to understand my viewpoint better and gain a broader view of the matrix in which we live, then I would recommend that you start by reading my books. Free of charge.

Auf Wiedersehen.

ThePythonicCow

8th July 2016, 20:20

It appears that you are not understanding who I am and I don't need a lecture from you on what the laws are or aren't because there is no law. It appears you are attempting to lecture people in your posts about what the "law" is or isn't. Yet "the law" is not followed anyway so what does it matter? THAT is my point.
Yes - well said.

ozmirage

9th July 2016, 01:52

It appears you are attempting to lecture people in your posts about what the "law" is or isn't. Yet "the law" is not followed anyway so what does it matter? THAT is my point.
I humbly apologize if what I wrote was interpreted as offensive in any way.

When I first stumbled into the quagmire, I shared your opinion. By accident (dumb luck?) I wandered into a different direction from that of the old timers of the New Patriots. (And was effectively censored, for my efforts.)

It was based on noticing the EXCEPTED STATUS of paupers, vagabonds and fugitives from justice, in Art. 4, of the Articles of Confederation.

I then researched pre-1933 law and court cases and found a consistent pattern. STATUS CRIMES are pre-constitutional yet prosecutable.
"STATUS CRIME - A class of crime which consists not in proscribed action or inaction, but in the accused's having a certain personal condition or being a person of a specified character. An example of a status crime is vagrancy. Status crimes are constitutionally suspect."
- - - Black's Law Dictionary, 6th ed., p.1410

" VAGRANT - At common law, wandering or going about from place to place by idle person who has no lawful or visible means of support and who subsisted on CHARITY and did not work, though able to do so.... One who is apt to become a public charge through his own laziness."
- - - Black's Law Dictionary, 6th ed., p. 1549{Sad joke: between 1787 and 1935, vagrants were punished under "constitutionally suspect" law. But after socialism, the government ceased prosecuting them. Which is how we got the "homeless" problem. Guess why?}

Most Americans are unaware that when they signed up with FICA / Socialist Insecurity, they became "status criminals". This explains why the government tends to treat us like we're guilty until proven innocent.

Reviewing:
"The better to secure and perpetuate mutual friendship and intercourse among the people of the different states in this union, the free inhabitants of each of these states, PAUPERS, VAGABONDS and fugitives from Justice EXCEPTED, shall be entitled to all privileges and immunities of free citizens in the several states; ...."
[Article IV of the Articles of Confederation (1777)]

PAUPER - One so poor that he must be supported at public expense.
- - - Black's Law dictionary, 6th ed., p. 1128

VAGABOND. A vagrant or homeless wanderer without means of honest livelihood. Neering v. Illinois Cent. R. Co., 383 111. 366, 50 N.E.2d 497, 502. One who wanders from place to place, having no fixed dwelling, or, if he has one, not abiding in it; a wanderer, especially such a person who is lazy and generally worthless and without means of honest livelihood. See also Vagrant.
- - - Black's Law Dictionary, 6th ed., p. 1549

FYI : most, if not all states redefine "resident" to be synonymous with "vagabond. (http://projectavalon.net/forum4/showthread.php?89658-Americans-Squandered-Their-Birthright-of-Sovereignty&p=1056078&viewfull=1#post1056078)"
(This is why the state can require LICENSES from residents / vagabonds / vagrants.)

To sign up with Socialist InSecurity, one needs to file a Form SS-5 only available to U.S. Citizens / U.S. RESIDENTS.
So every duly enumerated participant in FICA is a pauper and a vagabond.
Thus practically ALL Americans have consented to be EXCEPTED from the status of FREE people.

(Crazy!)

In support of that fact, is found in the definition of "status crimes" which directly connect to the pre-constitutional exclusion.

"Constitutional" violations of inalienable rights
" State code 124 Sections 6, and 7, authorizing the overseer of the poor
to commit to the workhouse able-bodied persons, not having the means to support themselves, and who live a dissolute and vagrant life, and do not work sufficiently to support themselves, are not repugnant to the constitution, giving every man an inalienable right to defend his life and liberty."
In re Nott, 11 Me. (2 Fairf.) 208. (Me. 1834)
Translation: compelled labor and restricted liberty is constitutional - when
dealing with paupers and vagabonds.
"Act May 29, 1879, providing for the committal to the industrial school of dependent infant girls, who are beggars, wanderers, homeless, or without proper parental care, in no way violates the right of personal liberty, and is constitutional."
Ex parte Ferrier, 103 Ill. 367, 42 Am. Rep. 10 (Ill. 1882)
Remember the exclusions: pauper and vagabond?
Compelled labor and restricted liberty are constitutional - when dealing with
paupers and vagabonds.
" An act providing for the care and custody of the person and the estate of habitual drunkards is not unconstitutional, as depriving a citizen of the right to enjoy, control, and dispose of his property, and to make contracts."
Devin v. Scott, 34 Ind. 67 (Ind. 1870)
Translation: taking custody of the person and property of a drunkard (impaired person) is not unconstitutional.

LOSING YOUR CHILDREN
" ... where a minor child is abandoned by the parent, to be supported by the town, such parent shall be deemed a pauper, and be subject to the same rules and regulations as a pauper, [this statute] is not in conflict with those provisions of the constitution of the United States or of the state of Connecticut which guaranty security to the person."
McCarthy v. Hinman, 35 Conn. 538 (Conn. 1869)
Translation: parent who surrenders a child to the state becomes a pauper. And parent (as well as child) becomes subject to the (Collective) State.
Did you "voluntarily" enroll your children into national socialism? At birth? Now you know why you can't spank your children. They're no longer yours.

. . .

FDR abolished the Pauper’s Oath, once Americans signed up with FICA.
http://en.wikipedia.org/wiki/Pauper%27s_oath
"I do solemnly swear that I have not any property, real or personal, exceeding $20, except such as is by law exempt from being taken on civil process for debt; and that I have no property in any way conveyed or concealed, or in any way disposed of, for my future use or benefit. So help me God."
----
Since 1933, no dollars have circulated (“dollar bills” are not dollars). Everyone who signed up, became paupers at law, and absolutely own NOTHING to trigger the protections of the rules of the common law (7th amendment).

In reading the FICA code, one will find exemptions for religious and secular organizations that provide for their members. The question not raised, is HOW did the rest of America become wards of the State, incapable of providing for themselves?

HOW did the government presume that EVERYONE was now dependent upon the government, as the benefactor of last resort?

By consent. No law compels participation in FICA.

Underlying legal shenanigans also contributed to the mess:

[] The extraction of lawful money from circulation, in 1933, by FDR. Without lawful money, no one can pay debt. (See: Art. 1, Sec. 10, USCON). Those who do not pay their debts are known as bankrupts - and bankrupts ARE under the aegis of the Federal government (See: Art. 1, Sec. 8, USCON). (FYI: The term "bankrupt" has been replaced with "Debtor" in the bankruptcy code. If you have a "Creditor - Debtor Agreement" you're presumed to be a bankrupt.)

[] State of Emergency, declared by FDR, in 1933. Via Emergency, the government could side step constitutional limitations and requirements.

[] Suspension of redemption of Federal Reserve Notes. Worthless IOUs do not alienate title. Thus no one can prove they have a “right” to that which they possess. It is now a “privilege” to own, subject to taxation and restriction.

[] Deception - FDR told the nation that “Relief” (Welfare) was an entitlement - not charity. (Americans were well aware of the stigma of pauperization, and its drop in legal status). However, after FICA, FDR abolished the requirement for the Pauper’s Oath as a prerequisite for receiving public “entitlements”. (Congressional Research Service says that “entitlements” are synonymous with “gifts”. Gifts from the public treasury are charity - which makes all enumerated recipients into paupers at law.)
......
Consequences of Pauperization

The net result is a nation of “voluntary” paupers, deadbeats, bankrupts, and ne’er-do-wells, that the overworked munificent State must care for, for their own good... and impose ever more restrictive rules and regulations, ever higher taxes, and abolition of rights that their forefathers fought and died to endow their progeny with.
- BY THEIR OWN CONSENT.
......

The only viable remedy is to WITHDRAW CONSENT, and re-establish one’s status under the republican form of government. By acquiring a domicile, a lawful and permanent home, one is at no risk of becoming a vagrant / vagabond. As an inhabitant (non-resident), natural and personal liberties are restored. Non-residents are not required to get permission (license) to exercise their rights to life, liberty and property ownership. That IS the law of the land.

References:
"INHABITANT - One who resides actually and permanently in a given place, and has his domicile there."
- - - Black's Law Dictionary, Sixth Edition, p.782

"DOMICILE - A person's legal home. That place where a man has his true, fixed, and permanent home and principal establishment, and to which whenever he is absent he has the intention of returning."
- - - Black's Law Dictionary, Sixth Edition, p.484

"RESIDENCE - Place where one actually lives ... Residence implies something more than physical presence and something less than domicile. The terms 'resident' and 'residence' have no precise legal meaning... [One can have many residences but only one domicile]
- - - Black's Law Dictionary, Sixth Edition, p.1308, 1309

"RESIDENT - ...when used as a noun, means a dweller, habitant, or occupant; one who resides or dwells in a place for a period of more, or less duration...
Resident has many meanings in law, largely determined by statutory context in which it is used."
- - - Black's Law Dictionary, Sixth Edition, p.1309
{Inhabitants have a permanent and legal home. Residents have something less than a permanent and legal home - and may be redefined... as VAGABONDS.}

Do states know the difference?
" No inhabitant of this state shall be molested in person or property ... on account of religious opinions..."
- - - Georgia Constitution, Article 1, Sec.1, Paragraph 4

“ Citizens, protection of. All citizens of the United States, resident in this state, are hereby declared citizens of this state ; and it shall be the duty of the General Assembly to enact such laws as will protect them in the full enjoyment of the rights, privileges, and immunities due to such citizenship.”
- - - Georgia Constitution, Article 1, Sec.3, Paragraph 7
U.S. citizens can only be RESIDENTS in the state.

In all my investigations into the "Sovereign Citizen" movement and other failed attempts at the exercise of endowed rights, I have always found some evidence of CONSENT OF THE GOVERNED that tripped them up.

I have yet to find any evidence that an American national, free inhabitant, domiciled upon private property, was ever molested or mistreated in the exercise of his endowment from his Creator.

In all candor, I have yet to find one self-proclaimed American sovereign who has a domicile upon private property (http://projectavalon.net/forum4/showthread.php?89658-Americans-Squandered-Their-Birthright-of-Sovereignty&p=1056257&viewfull=1#post1056257). That fact is very disturbing... and may explain their lack of success.

As always, check your own state constitution and statutes.

= = = = = = = = =

I am not infallible, and may have made a mistake. I have yet to find a law that contradicts the aforementioned. Go read law yourself. The more eyes on the law, the better.

ozmirage

2nd August 2016, 18:12

Best begin the transfer of fiat to hard assets, things you can touch and hold or stand on.
It won't matter.

http://www.federalreserve.gov/faqs/currency_12773.htm
● Q: How much U.S. currency is in circulation?
● A: There was approximately $1.45 trillion in circulation as of April 6, 2016, of which $1.4 trillion was in Federal Reserve notes.

https://en.wikipedia.org/wiki/Financial_position_of_the_United_States
● ". . . 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."

https://en.wikipedia.org/wiki/2015_United_States_federal_budget
● 2015 Federal Budget $3.58 trillion (expenditures)
● 2015 Federal Deficit $ 438.9 billion (borrowed)
● . . . versus . . .
● $1.4 trillion in circulation.

https://www.gpo.gov/fdsys/pkg/BUDGET-2015-BUD/pdf/BUDGET-2015-BUD.pdf
● 2015 Federal Deficit $312 billion (estimate)
● 2015 Debt Service $252 billion (estimate)
● 2015 Unified budget deficit $564 billion (estimate)
● 2015 Gross Domestic Product $18,454 billion (estimate)
● . . . versus . . .
● $1.4 trillion in circulation.

In plain Inglitch, there's not enough current monies. But even if one does "cash out" before the run, it doesn't matter. Dollar bills are worthless IOUs. They are not dollars. They are debt denominated in dollars.

http://www.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."

Coining all the alleged gold in Fort Knox only amounts to $2.9 billion dollars.
If you're a creditor, you're [expletive deleted]. If you're a debtor, you're [expletive deleted]. If you're an obligated party on the debt, via FICA, doubly [expletive deleted]art thou.

When the inevitable crash comes, and there is no longer any trust in the money, the raging mobs, starved and desperate, will trample anyone not safely tucked away behind fortifications... assuming that they can hold out.

conk

3rd August 2016, 17:09

ThePythonicCow

3rd August 2016, 21:35

Best begin the transfer of fiat to hard assets, things you can touch and hold or stand on.
It won't matter.
....

Certainly it matters. Wouldn't you rather have in your possession gold/silver, vintage guitars, fine art, land, dehydrated foods, and the like, rather than toilet paper fiat currency? Unless you mean that a total calamity will ensue and only guns and fortresses will be worth anything.

I could easily be wrong, but the way I read ozmirage's post, he was comparing having money invested in various financial instruments (stocks, bonds, ...) versus having it under the mattress.

His post was explaining why the US Dollar will lose value.

===

I agree that the US Dollar will lose value, even under the mattress.

I agree that gold/silver, vintage guitars, fine art, land, dehydrated foods, and ... toilet paper will probably hold their value better.

ozmirage

3rd August 2016, 23:48

Certainly it matters. Wouldn't you rather have in your possession gold/silver, vintage guitars, fine art, land, dehydrated foods, and the like, rather than toilet paper fiat currency? Unless you mean that a total calamity will ensue and only guns and fortresses will be worth anything.
In terms of survival, what are those things really worth?

A man with a year's supply of "wealth" will not outlive a man with a year's supply of food.
A man with a two year's supply of food will be the "rich man."

ozmirage

4th August 2016, 10:19

His post was explaining why the US Dollar will lose value. [NO, I WAS NOT]
===
I agree that the US Dollar will lose value, even under the mattress.
I agree that gold/silver, vintage guitars, fine art, land, dehydrated foods, and ... toilet paper will probably hold their value better.
A "dollar bill" (IOU) is not a dollar (coin). A dollar (coin) is still worth its face value.

In 1933, Congress repudiated redeeming their IOUs with real money. (See: House Joint Resolution 192, June 1933, and the Gold Reserve Act of 1934)
"Dollar bills" have ZERO value. They are worthless securities.

They only have legal tender status because obligated parties cannot object to their tender.

Pursuant to 12 USC Sec. 411, the USGOV is an obligated party and must accept 'their' notes in lieu of lawful money (gold or silver coin).

Can you guess how the rest of America became obligated parties on the "bad checks" kited by CONgress?
It involves enrolling into a certain program and accepting A NUMBER.

Needless to say, such a gigantic fraud will inevitably collapse the country, at which time "gold/silver, vintage guitars, fine art, land, dehydrated foods, and toilet paper" may have more value than "dollar bills," but when dealing with money mad people you never can tell.

ozmirage

4th August 2016, 10:25

Am I correct in assuming that in the myriad of terms and conditions of bank accounts, the bank can call for any debts at any time to be paid within a specific time frame?

If so, and they are all bankrupt, how is this going to happen? They seize everyone's property then on sell it to shift the debt?

DUE ON DEMAND
http://definitions.uslegal.com/d/demand-clause/

Demand clause is a provision in a note that allows the lender to demand repayment of the balance in full for any reason. It allows the holder to compel full payment if the maker fails to meet an installment. A popular variation of the demand clause is the acceleration clause which allows the lender to exact full repayment of the loan any time any obligation on the agreement is violated. Demand clauses protect the mortgage lenders against rising rates of interest or demanding additional collateral under certain conditions such as bankruptcy, failure to pay taxes on mortgaged property.
. . . .
If / when all debts are called due on demand, the “system” will implode.
Simple reason: Not enough money tokens (funny munny or real money) exist for all debtors to repay.
Civil War will break out as debtors will defend against confiscation by creditors (if government aids them in their attempts).

Ironically, usury has been denounced for "only" 3500 years, but billions embrace usury, despite the fact it is mathematically unsustainable and an abomination.

ThePythonicCow

4th August 2016, 15:46

ozmirage

4th August 2016, 20:00

His post was explaining why the US Dollar will lose value. [NO, I WAS NOT]

A "dollar bill" (IOU) is not a dollar (coin). A dollar (coin) is still worth its face value.
You write as if the only possible meaning of the term "US Dollar" in my words referred to a metal (gold, silver or base metal) dollar coin. [By law, that is the ONLY possible meaning.]

That's a (perhaps deliberate) misreading of my words, in an apparent effort to "prove" that I was wrong.

Obviously, there is presently another meaning for the term "US Dollar" ... words do take on multiple, sometimes conflicting, meanings over time. [No, there is not.]

By US Dollar, I meant the unit of accounting, a major store of value, and the dominant medium of exchange, in the current US Petro-Narco-Dollar world monetary system. Almost all such US Dollars have no physical form in paper, gold, silver or base metal.

Dogmatically force fitting some other model of how things supposedly or should work at present over what how things actually work obfuscates, rather than facilitates, a better understanding.
You are wrong.
The only LEGAL meaning of the term DOLLAR, is a coin, not paper currency.
That billions of people assume otherwise is a victory for the world's greatest propaganda ministry.

P.S. FDR liberated all the gold money in 1933, and criminalized possession of lawful money by "free" Americans. Since silver was demonetized in the Coinage Act of 1872, this effectively eliminated lawful money from circulation.

Absent lawful money, few Americans can prove they pay debt, pursuant to the USCON. Therefore, practically every transaction is a privilege, subject to taxation and regulation. Absent lawful money, no one can prove they alienated title to private property. Everyone is presumed to be a bankrupt and pauper, needing permission (license) from the state to live, work, travel, operate a business, transmit, fly, drive, marry and or own a dog.

The irony is that it's all done by consent of the governed. . . Yet few know how and when they gave consent.

REFERENCE:
"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- - -
Article 1, Section 8. U.S. Constitution.
The Congress shall have Power
...To borrow Money on the credit of the United States;
...To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Article 1, Section 10. U.S. Constitution
No State shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any ... Law impairing the Obligation of Contracts, ...- - - -
"Dollar bills"
TITLE 12, USC 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."Since 1933, Congress has repudiated their promise to redeem their notes, making them worthless.

http://www.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..."The Great Confiscation: Gold ownership was illegal in the USA from 1933 to 1975
http://goldcoin.org/numismatics/the-great-confiscation-gold-ownership-was-illegal-in-the-usa-from-1933-to-1975/165/
On March 6 of 1933, the President set in motion a chain of events that ended the international gold standard once and for all. First, he closed the nation’s banks and prohibited them from paying out or exporting gold coins and bullion, using emergency powers granted by the Trading with the Enemy Act that had been enacted during World War I.
From 1933 forward, private possession and ownership of gold was illegal for U.S. citizens. Any refusal to return one’s gold was punishable by a fine of $10,000 and 10 years in prison. http://bestamericangold.com/confiscation/
"The private ownership of gold is a privilege, not a right. Congress revoked the privilege of private ownership in 1933 ...."From the Communist manifesto: "In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property."

Abolition occurred in 1933.
__“The ultimate ownership of all property is in the State; individual so-called “ownership” is only by virtue of government, i.e. law, amounting to mere user; and user must be in accordance with law and subordinate to the necessities of the State.”
— Senate Document No. 43, 73D Congress, 1st Session, entitled: “Contracts Payable in Gold”, by George Cyrus Thorpe, submitted to the senate: April 17, 1933
Welcome to the People's Democratic Socialist Republic of America, Comrade.
This is how things really work in a socialist paradise.

ThePythonicCow

4th August 2016, 20:39

ozmirage

4th August 2016, 23:00

His post was explaining why the US Dollar will lose value. [NO, I WAS NOT]

A "dollar bill" (IOU) is not a dollar (coin). A dollar (coin) is still worth its face value.
You write as if the only possible meaning of the term "US Dollar" in my words referred to a metal (gold, silver or base metal) dollar coin. [By law, that is the ONLY possible meaning.]

You are wrong.
The only LEGAL meaning of the term DOLLAR, is a coin, not paper currency.
There are other, presently more relevant meanings, for the word "dollar".

If you can't see that, then that's your choice to continue to insist on interpreting others words using your self-imposed definitions [LEGAL DEFINITION IS SELF IMPOSED?], or using your own choice to only consider whatever you take to be some LEGAL definition.

Successful discourse does not work when one of the participants demands that words mean whatever they claim them to mean, in obvious disregard of how others might be using those words.
Well, if the LAW says a dollar is a coin, and you obviously disregard the law, you're the one demanding that a dollar is what YOU CLAIM it to be.

Having ruffled your feathers, please accept my humble apology.
The intention was to clearly show how we're victims of the world's greatest propaganda ministry.

Do NOT believe me - go to your county courthouse law library and read law for yourself.
I am not infallible. I may have made a mistake. But I have yet to find one statute that CHANGED the definition of a unit dollar. Maybe you can find it.

But if you'll bear with me - let us assume that what I post is correct, pursuant to the law on the books.

The OP starts with the question: "Are the banks insolvent?"
Answer: Yes -and- no.
(Duh?)
Yes, if you're referring to dollars.
No, if you're referring to worthless repudiated debt instruments underwritten by 320 million 'Human resources' (via FICA), whose labor and property are pledged as collateral on the public debt, and as obligated parties, make those worthless notes into "legal tender."

BUT if ever sufficient number of Americans WITHDRAW CONSENT from usury, socialism, and submission to the state, the lack of sufficient collateral and loss of obligated parties will cause the "dollar bill" to cease being legal tender. At that point, billionaires become zero-aires.

The subsequent economic and civil unrest will trigger all sorts of flying excrement into spinning fan blades.

Why is that a foregone conclusion?

Facts we know:

• The national debt is over $19 T. (see: http://www.brillig.com/debt_clock/)
• Pursuant to law, that computes to a sum of gold bullion stamped into coin. (950 billion ounces)
• Dollar bills (Federal Reserve notes) are IOUs, and cannot pay the public debt - being part of said debt. (See Title 12 USC Sec. 411).
• World wide supply of gold is estimated at 5.6 billion ounces
[if coined, would amount to $112 billion dollars] http://en.wikipedia.org/wiki/Gold)
• Fort Knox Depository holds (allegedly) 147.2 million ounces
[if coined, would amount to $2.9 billion dollars] http://en.wikipedia.org/wiki/Fort_Knox_Bullion_Depository)

To authorize more "dollar bills", Congress has to go deeper into debt. And to pay the interest on those "dollar bills", Congress has to go deeper into debt. (See: Title 12 USC sec. 411).

https://www.gpo.gov/fdsys/pkg/BUDGET-2015-BUD/pdf/BUDGET-2015-BUD.pdf
● 2015 Federal Deficit $312 billion (estimate)
● 2015 Debt Service $252 billion (estimate)

Congress borrows MORE each year than it pays in interest on the debt. Congress is paying “old investors” with funds from “new investors.” That’s what Bernie Madoff went to prison for doing in the private sector. No “investor” will ever see his principal returned.

And this insanity cannot be questioned, pursuant to clause 4, 14th amendment, USCON.
“ The validity of the public debt of the United States, authorized by law... shall not be questioned.”

There it is. An impossible to repay public debt that CANNOT be questioned. Which explains why no Congress dare pass a balanced budget - which would end the necessary borrowing to authorize new 'dollar bills.'

Methinks everyone should be concerned over LEGAL definitions, because ignorance of the law is no defense... especially against what is coming.

ThePythonicCow

4th August 2016, 23:18

Well, if the LAW says a dollar is a coin, and you obviously disregard the law, you're the one demanding that a dollar is what YOU CLAIM it to be.

You're saying what I write is wrong because it doesn't make sense using your definitions.

I am not doing that to you. I understand and accept that you choose to mean something else, apparently involving pieces of metal, by the term "dollar."

Forcing the words of other people to mean only what you say they mean makes useful discussion nearly impossible. Is that your intention?

===

Also, when the US government says I owe them so many dollars in taxes, or
agrees to send me so many dollars each money in retirement benefits, or
says it has a budget allocating so many dollars for this and that purpose, or
says it has so many dollars worth of debt, or
reports that the gross domestic product (GDP) is so many dollars, or ...are all those "dollars" referring to pieces of metal?

No.

The above examples are not even in paper bills in most cases.

See ... not even the US government fits in your LEGAL framework.

===

By the way, I do agree that we're victims of a great propaganda ministry, and that the banks and government finances are in deep trouble.

ozmirage

4th August 2016, 23:30

===

Also, when the US government says I owe them so many dollars in taxes, or
agrees to send me so many dollars each money in retirement benefits, or
says it has a budget allocating so many dollars for this and that purpose, or
says it has so many dollars worth of debt, or
reports that the gross domestic product (GDP) is so many dollars, or ...are all those "dollars" referring to pieces of metal?

No.

The above examples are not even in paper bills in most cases.

See ... not even the US government fits in your LEGAL framework.
Sigh.
You are missing the POINT.

The sheeple have blindly gone along with a GIANT CON.

You won't believe me, you won't read law, so what I write won't matter.

If you bother to read law, and see the BIG LIE, you'll understand the intense pressure to DISARM AMERICANS ASAP.

Here's a clue.
Senate Report 93-549
https://archive.org/stream/senate-report-93-549/senate-report-93-549_djvu.txt
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."

FREEDOMS ... GUARANTEED BY THE CONSTITUTION ... HAVE BEEN ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...

Constitutional U.S.A. (1787 - 1933) R.I.P.
. . .
Americans have lived under a two party perpetually indebted benevolent communist totalitarian police state dictatorship* using emergency rules for 83 years (as of 2016) ... and still haven't a clue that the constitutional government has been dead since 1933.

We’re on the threshold of the final transition to the People’s Democratic Socialist Republic of America.

KUDOS to the WORLD’S GREATEST PROPAGANDA MINISTRY.

Chip

4th August 2016, 23:48

For what it's worth.
I think both of you are right (Paul and Ozmirage).
Both good arguments that should not be interrupted by the definition of what a "dollar" technically is defined as.
Please continue as I see a course here that should not be interrupted by a definition of a word.

ThePythonicCow

5th August 2016, 00:10

Sigh.
You are missing the POINT.

The sheeple have blindly gone along with a GIANT CON.

You won't believe me, you won't read law, so what I write won't matter.

If you bother to read law, and see the BIG LIE, you'll understand the intense pressure to DISARM AMERICANS ASAP.
You don't (or refuse to) understand anything I wrote, except to misrepresent it.

ThePythonicCow

5th August 2016, 00:14

Please continue as ...
Why bother? Useful discussion is impossible. I should never have tried.

ozmirage

23rd October 2016, 20:41

The original post is misleading as well as inaccurate.
#1. According to American law, a dollar is a coin.
#2. A "dollar bill" is an IOU, denominated in dollars. It is NOT a dollar.
#3. Dollar bills were repudiated in 1933. They are worthless. No par value. They are LEGAL TENDER on all obligated parties on said notes (IOUs).
#4. Title 12 USC Sec. 411 defines the U.S. government as an obligated party on said notes and will accept them in lieu of lawful money (coin).
#5. The only way to increase the amount of notes is for CONgress to borrow them into existence, hence the endless deficits.

Can you guess how YOU became an obligated party on the CONgress' bad debt?

Hint: Involves signing up with a program that issues you a nine digit number, so you can become a "contributor" equally liable on the debt.

Details here:
http://projectavalon.net/forum4/showthread.php?90212-Republican-Form-of-Government&p=1064191&viewfull=1#post1064191

ozmirage

23rd October 2016, 20:53

MONEY MADNESS IN AMERICA
- - - <<>> - - -
Based on the Coinage Act of 1792 - - -
Double Eagle = coin containing 0.9675 ounce (troy) of gold bullion and other alloys. Equivalent to 20 unit dollars.

World supply of gold bullion (est) 5.9 billion ounces.
https://en.wikipedia.org/wiki/Gold
183,600 tonnes x 32151 =5,902,923,600 troy ounces
If coined, pursuant to the Coinage Act of 1792, would compute to
● 122,024,260,465.11
● $122 billion dollars
http://www.worldometers.info/world-population/
As of 1/29/2015, there are 7,398,289,733 people (est)
Thus when divided among 7.4 billion people, computes to
● $16.49 per capita

. . . .
Q: Exactly what did CONgress borrow to rack up owing over 19 trillion DOLLARS (gold coin)?
Point: Since silver was demonetized in the Coinage Act of 1873, only gold coin satisfies the law.
. . . .
Coining all the gold bullion allegedly in Fort Knox Depository (147.4 million ounces) comes to approximately
● $3.05 billion dollars; or
● $9.45 per capita

WHY DOESN'T THE GOVERNMENT FIX THIS?

● 14th amendment, Section 4. The validity of the public debt of the United States, authorized by law . . . shall not be questioned.

Federal Reserve Notes, being worthless IOUs cannot help (debt cannot pay debt). But due to the 14th amendment, clause 4, no one can question the validity of the public debt despite the obvious FRAUD. CONgress never borrowed 19 trillion dollars, because that sum does not exist. Nor is it moral, logical, or legal to indebt the American people to usurers via fraud, deceit, and withholding of material facts (via FICA).

Yes, America, you are barking mad.

joeecho

23rd October 2016, 20:54

ozmirage

23rd October 2016, 21:03

In their own words - - -
http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx (http://www.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."
...
Congress kites bad checks but all YOUR labor and property backs them.
...
Why?
...
Participants in FICA are "contributors".

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...
--- Black's 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.

If you thought FICA was “insurance” for you, surprise!
In two important cases, 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. Benefits are at the sole discretion of Congress.

Summed up, FICA was not insurance for you, but for the bankrupted U.S. government, who gratefully bribes all those who survive long enough to enjoy the “entitlements” of Socialist InSecurity, a most vile scam to “tax and bribe” a nation into compliance with self-enslavement.

THE JOKE'S ON US

“The Social Security Act does not require an individual to have a Social Security Number (SSN) to live and work within the United States, nor does it require an SSN simply for the purpose of having one...”
- - - The Social Security Administrationhttp://home.hiwaay.net/~becraft/ScottSSNLetter.pdf

America's money madness and socialism is 100% voluntary.

ThePythonicCow

23rd October 2016, 21:35

The original post is misleading as well as inaccurate.
#1. According to American law, a dollar is a coin.
#2. A "dollar bill" is an IOU, denominated in dollars. It is NOT a dollar.
#3. Dollar bills were repudiated in 1933. They are worthless. No par value. They are LEGAL TENDER on all obligated parties on said notes (IOUs).
...
If you insist that words mean what you say some law says they mean, nothing more nor less nor otherwise, then yes, my posts, and most other posts on such matters will seem misleading and inaccurate.

Such dogmatic refusal to consider what was intended behind the words of others does not usually lead to discussion that I find valuable. Sorry.

===

P.S. -- The first 15 or so posts of this thread are the most valuable part of this thread so far, from my perspective. I recommend that late comers to this thread consider these earlier posts.

As usually happens, on this and other topics, key words (such as "dollar", "money", and "debt" in this case) in opening posts tend to trigger repetition of existing memes tied to those words. Introducing new concepts or views takes multiple repetitions, to get past the noise of existing memes.

ozmirage

24th October 2016, 00:59

[ Mod-edit: This post began life over at The Fed is not just "printing money into hyperinflation" ... it's worse than that. It's Hyperlending. (http://projectavalon.net/forum4/showthread.php?94017-The-Fed-is-not-just-printing-money-into-hyperinflation-...-it-s-worse-than-that.-It-s-Hyperlending.&p=1107828&viewfull=1#post1107828), before I moved it to its own split thread, here.[/url] -- Paul. ]

===

The original post is misleading as well as inaccurate.
#1. According to American law, a dollar is a coin.
#2. A "dollar bill" is an IOU, denominated in dollars. It is NOT a dollar.
#3. Dollar bills were repudiated in 1933. They are worthless. No par value. They are LEGAL TENDER on all obligated parties on said notes (IOUs).
...
If you insist that words mean what you say some law says they mean, nothing more nor less nor otherwise, then yes, my posts, and most other posts on such matters will seem misleading and inaccurate.

Such dogmatic refusal to consider what was intended behind the words of others does not usually lead to discussion that I find valuable. Sorry.

===

P.S. -- The first 15 or so posts of this thread are the most valuable part of this thread so far, from my perspective. I recommend that late comers to this thread consider these earlier posts.

As usually happens, on this and other topics, key words (such as "dollar", "money", and "debt" in this case) in opening posts tend to trigger repetition of existing memes tied to those words. Introducing new concepts or views takes multiple repetitions, to get past the noise of existing memes.
With all due respect, if you do not use accurate legal terminology, you're reduced to the proverbial blind men arguing about an elephant, based on hear say.
"Some law" is constitutional law, not something I made up.
Americans are woefully ignorant of their laws, and yet arrogant in defending that ignorance. Even Congress enacts laws it has not read - not comprehended.

Who has the power to create money in the United States of America?

Most people think the government "prints money."
Some people think that the Federal Reserve "prints money."

Notes ("dollar bills") are not money.

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

REAL MONEY - Money which has real metallic, intrinsic value as distinguished from paper currency, checks and drafts.
- - - Black's Law Dictionary, Sixth Ed. p. 1264

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

FIAT MONEY. Paper currency not backed by gold or silver.
- - - Black's Law Dictionary, Sixth Ed. P.623

....
[] Dollar bills are defined in Title 12 USC Sec. 411 as obligations (debt) of the U.S. government. Notes are not money.

[] Real money, based on stamping all the gold in Fort Knox (147.2 million ounces), is approximately 2.9 billion dollars. Stamping all the world’s gold (5.6 billion ounces), computes to 112 billion dollars.

[] Legal tender, based on notes (debt) that cannot exceed the national debt, of which they are part, is currently 19 trillion dollars. Notes cannot pay debt, being debt. They can only discharge debts of obligated parties on said notes. Furthermore, the public debt can never be paid off with lawful money, since there is not enough bullion.
...

Article 1, Section 8. U.S. Constitution.
The Congress shall have Power
...To borrow Money on the credit of the United States;
...To coin Money [stamp bullion], regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Article 1, Section 10. U.S. Constitution
No State shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any ... Law impairing the Obligation of Contracts, ...

....
Note: only gold and silver coin PAY DEBT. And if Congress had the power to create money, it wouldn't need the power to borrow it. Congress can only coin money (stamp bullion).

COIN - To make pieces of money from metal.

TITLE 12, USC 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."

...

Since 1933, Congress has repudiated their promise to redeem their notes, making them worthless.

http://www.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 private property cannot be taken for public use without just compensation (5th amendment), can you guess how Congress can claim your labor and goods as collateral on their bad checks?

...

The question : Who has the power to create money in the United States of America?
The answer : Not the government. It cannot create bullion.

Next question : Who has the power to create a medium of exchange to facilitate trade beyond barter?
The answer : Any productive entity.

So while all of you argue about the worthless notes that are legal tender but are NOT money, you miss the vital point: if you're not PAYING DEBT with LAWFUL MONEY, you're exercising a revenue taxable privilege to discharge debt with worthless notes.

If you read Art. 1, Sec. 10, USCON, it says only gold and silver coin PAY DEBT. Worthless notes do not "pay debt."
What do you call people who do not pay their debts?
BANKRUPT.
Guess who has power to manage bankrupts?
Congress. (Art. 1, Sec. 8, USCON)

BANKRUPT ... the term "bankrupt" is no longer used in the FEDERAL BANKRUPTCY CODE. The term is "debtor".
- - - Black's Law Dictionary, Sixth ed., p.147

If you've ever signed a "Creditor / Debtor" agreement, you've signed a declaration of bankruptcy, and committed a fraud if you promised to repay a sum of dollars (gold or silver coin). Tsk, tsk.

And that's just the tip of the iceberg.

FDR abolished the Pauper's oath as a prerequisite for "Relief".
Pauper's oath - Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Pauper%27s_oath

Now why would EVERYBODY who signed up with FICA / Socialist InSecurity suddenly not need to make a Pauper's Oath to be eligible for ENTITLEMENTS (relief)?

Because you’re BUSTED, BANKRUPT, KAPUT, PAUPERIZED...!
And now you must pay a tax - for everything that was once a right is now a taxable privilege : jobs, vocations, owning things, buying and selling, etc.

DO NOT BELIEVE ME - GO READ THE LAW FOR YOURSELF.
I am not infallible. I may have made a mistake. But if you think you can ignore the law and its ramifications, you will be unpleasantly surprised when the SHTF.

If you are a voluntary participant in FICA, you and yours are collateral on that impossible to repay public debt. If you do not mind being a voluntary slave of usurers, please disregard this post. Why subject yourself to the aggravation of reading law at a county courthouse law library?
You've chained yourself and your precious children into perpetual servitude. Please be polite and not rattle them too loudly.

ThePythonicCow

24th October 2016, 01:14

With all due respect, if you do not use accurate legal terminology, you're reduced to the proverbial blind men arguing about an elephant, based on hear say.
With all due respect, I moved your post to Split thread from the Hyperlending thread (http://projectavalon.net/forum4/showthread.php?94031-Re-The-Fed-is-not-just-printing-money-into-hyperinflation-...-it-s-worse-than-that.-It-s-Hyperlending.&p=1107826&viewfull=1#post1107826)

ozmirage

24th October 2016, 13:32

Addendum:
For those who didn't catch it the first time around - - - dollar bills, being debt, are NOT FIAT.
And those who are collateral (i.e. "human resources") on that public debt are at great risk when the creditor forecloses.
Since the government repudiated their notes, back in 1933, they're not at risk. (Public property is held in trust, and is not pledged as collateral on the debt)
Only the 320 million American "contributors" are at risk.

Consider what happens if a substantial proportion of that collateral 'walks away' (leaves FICA)?

Suddenly, the value of the collateral drops, and the notes become underfunded, and less attractive to investors and usurers.

Remember, they are NOT dollars (coin), but worthless IOUs (securities).
As undercapitalized securities, they drop precipitously in value and lose fungibility. In short order, they become useless, worthless paper - less valuable than Confederate notes.
Billionaire become zero-aires.
Government collapses.
International trade comes to a halt.
Investments are wiped out.
Retirement accounts are nulled.

It is quite obvious why such information would be withheld from the public... well, not actually hidden - just never mentioned.

So keep on believing that you're buying and selling with "dollars" and argue about the declining buying power of paper and never, ever, consider the 800 lb. gorilla in the living room.

ozmirage

24th October 2016, 13:45

What would happen if everyone on the planet was a trillion billionaire?
Does equal wealth make everyone prosperous?
What happens when no one ever _needs money_ again?
. . .
These questions highlight "money madness" - a malady that involves substituting the abstraction of money for the reality of goods and services.

When everyone is "equally rich," no one "needs money," hence has no reason to work, farm, mine, strive, produce, transport, ship, trade, etc. Civilization collapses. Even the starving children are "wealthy."

Money does not make prosperity. “Making money” is a fool’s errand.

Eventually, humanity has to embrace the idea that prosperity is not based on wealth or a need for money, but upon production, equitable trade, and enjoyment of surplus usable goods and services. Mere subsistence is not enough.

Doing more with less so more can enjoy is superior to doing less with more so few can enjoy. And that people must be prodigiously productive because that is what civilized people do. "Making money" has nothing to do with it, and those who control the apparent value and supply of money tokens have robbed humanity for millennia. Ditto, for the useless parasites and predators who support themselves by taking from the productive people.

Until you awaken from money madness, you’re barking mad.

ozmirage

24th October 2016, 15:20

MONEY MADNESS
=\=\=\=\=
Money madness is the indoctrinated belief that money tokens have intrinsic value independent of the marketplace of goods and services.

To illustrate the disconnect between reality and the abstraction of money tokens:

http://www.federalreserve.gov/faqs/currency_12773.htm
● Q: How much U.S. currency is in circulation?
● A: There was approximately $1.45 trillion in circulation as of April 6, 2016, of which $1.4 trillion was in Federal Reserve notes.
● (Computes to roughly $4,312.50 per capita in circulation)

https://en.wikipedia.org/wiki/Financial_position_of_the_United_States
● ". . . 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."

http://neo.jpl.nasa.gov/neo/resource.html
● NASA has estimated the mineral wealth of the entire Asteroid Belt could be as much as $700 quintillion, or a seven followed by 20 zeroes. That’s $100 billion for every one of the 7 billion people on Earth!

=\=\=\=
How can you believe measurements that exceed the known total of circulating monies?
$1.4 T in circulation versus $145.8 T in debt versus 123.8 T “net worth.”
Isn’t that INSANE?
$1.4 T in circulation versus $700 quintillion estimated “dollar value.”
Are we not mad?

What’s really reality: the actual sum of property, goods and services - or - an arbitrary value and sum of money tokens ?
=\=\=\=

If Amancio Ortega, Carlos Slim Helu, Warren Buffet, Bill Gates, and a consortium of other billionaires walked into the offices of the largest bank on the planet, and asked for a loan of 20 trillion dollar bills with which to fund mining asteroids worth 300 times that value and were more than willing to pay 15% interest, the bank would have to decline.
WHY?

The.Money.Does.Not.Exist.

Ernie Nemeth

24th October 2016, 20:12

I feel your frustration, and share it to the degree my uneducated mind can extend.

Nothing has value until someone intends to possess it.

The Milky Way Galaxy is worth 22 googolplex squared dollars, if a buyer could be found - or invented...

ozmirage

24th October 2016, 20:21

ozmirage

24th October 2016, 22:10

Gold has done a fairly good job of rising in price with inflation....
Not really.
Gold is a bargain at current spot prices.

On 10/24/2016, consider that $1,265.40* / troy ounce is the spot price for gold. (*Federal Reserve Notes, that is)

Based on the Coinage Act of 1792 - - -
Double Eagle = coin containing 0.9675 ounce (troy) of gold bullion and other alloys. Equivalent to 20 unit dollars.

World supply of gold bullion (est) 5.9 billion ounces.
https://en.wikipedia.org/wiki/Gold
183,600 tonnes x 32151 =5,902,923,600 troy ounces
If coined, pursuant to the Coinage Act of 1792, would compute to
● 122,024,260,465.11
● $122 billion dollars
- - - -
Coining all the gold bullion allegedly in Fort Knox Depository (147.4 million ounces) comes to approximately
● $3.05 billion dollars; or
● $9.45 per capita
- - - -
Gross Domestic Product
GDP $18.561 trillion* (2016)

Ignoring the velocity of money, how much would prices need to fall, if the GDP was to be traded with only 147.4 million ounces of gold, stamped into coin ($3.05 billion).

$18.561 T (FRNs) / $3.05 B (dollars)
18.561 x 10^12 / 3.05 x 10^9
6,085.57
or roughly 6,086:1 devaluation.

0.9675 ounce (troy) of gold bullion is equivalent to 20 unit dollars.
0.9675 / 20 = one dollar (in gold)
Therefore, 0.048375 ounces of gold bullion is thus equivalent to $6,086 in federal reserve notes (no par value), in relation to the GDP.

So until gold hits $125,808.78 (FRNs) per ounce, it's a fantastic bargain.
However, as a potential worldwide medium of exchange, it still tanks.

http://www.worldometers.info/world-population/
As of 1/29/2015, there are 7,398,289,733 people (est)
Thus when the world supply of gold is divided among 7.4 billion people, computes to
● $16.49 per capita

AutumnW

24th October 2016, 22:50

Ozmirage,

I bought in about 10 years ago. I figure around 12 or 13 years ago it was about 400.00 per oz. Correct me if I am wrong here. From there it has tripled in price. Do you think prices, over all have more than tripled in price? Take food, for example..are you paying over 3 times what you paid in 2003, 2004? In Canada I think I am paying over double and it could easily be triple. Take housing now --- very dependant on location. So can't do that one!

Ernie Nemeth

24th October 2016, 23:09

But a flick of a switch, for our intrepid banksters

ozmirage

24th January 2022, 12:47

An update for MONEY MADNESS

https://www.federalreserve.gov/releases/h41/current/
Search report for “currency in circulation”
Federal Reserve Banks . . . Dec.29, 2021
$2,233,653,000,000
$2.2 trillion dollar bills

U.S. Population : 332 million ( est )
Currency per capita : $6,727.87 (approx)
- - - - - - - - -

https://usdebtclock.org/
JAN 1, 2022
US NATIONAL DEBT : 29.4 T (in dollars)
FEDERAL SPENDING : 6.8 T (in dollar bills)
FEDERAL deficit : 2.99 T (in dollar bills)
DEBT SERVICE : 0.421 T (in dollar bills)
. . . . . .
Pretty good trick - spend 6.8 T with only 2.2 T in circulation (that’s some “velocity of money”!).

TOTAL PERSONAL DEBT: 21.2 T. (Mortgages, car loans, credit cards)
Versus
CURRENCY IN CIRCULATION: 2.2 T.
Versus
HOUSEHOLD ASSETS : 165.4 T. (Allegedly)
. . . . . . .

If you spend your life "making money" (seeking ever more dollar bills), you are not going to find happiness in your madness.
Chasing an abstraction or worse, an obligation to pay an abstraction, while ignoring reality, is not conducive to prosperity.

Money may be a medium of exchange to facilitate trade when barter is insufficient, but as long as the producer/owner of goods and services cannot create that medium, he will be a victim of those who do create it, lend it, or take it away.

Addendum - since all dollar bills (Federal Reserve Notes) are part of the national debt, they cannot pay debt. (minus + minus = more minus). And the face value of all dollar bills can never match nor exceed that debt, being part of it. So one must ask : Exactly what was lent to CONgress to create such an impossible to repay obligation?
Oh, right, you'd have to be MAD to ask such a question.

ozmirage

24th January 2022, 13:09

EPILOGUE?

You know you’re cured of money madness when you realize
• Why parents care for children - without pay;
• Why adult children care for their parents - without pay;
• Why religious renunciants devote a lifetime of labor in service to their fellow men without material reward;
• Why families come to the aid of their kinfolk, without expecting remuneration;
• Why gardeners share their surplus with their neighbors, without charging a fee;
• Why communities cooperate and have barn raisings and house raisings for their members;
• Why civilization depends upon our labors, amplified by tools, machines, and technology to fashion resources into useable goods and services - not upon the accumulation of scarce money tokens, nor the whips of overseers.
You know you’re cured of money madness when you realize that money is not prosperity, but a medium of exchange to facilitate trade. Money is an illusion of value. Money token value has never been proportional to the whole set of available goods and services, nor can the tokens grow at the same rate. In fact, there is no connection between the value of the marketplace and the volume of money tokens - which remain after all trades are completed.

The reality is the marketplace, filled with goods and services for trade and enjoyment. Prosperity is the prodigious production, equitable trade, and enjoyment of surplus usable goods and services. Doing more, with less, so more can enjoy is the recipe for building happiness. Doing less, with more, so few can enjoy is the recipe for misery. And confiscating another’s surplus for compulsory charity is a curse.

There will come a day when the sane and productive people will take control over their civilization, emitting money tokens in proportion with the goods and services available for trade (when barter is insufficient) - and extinguishing those tokens when the trade completes. Everything available to be “bought” has the means to “buy” it, in circulation.
They will no longer be hostage to a scarce and finite money token system, preyed upon by politicians, usurers and predators, who are masters of money madness.
Nor will they tolerate the collectivist slavers who glibly argue for compulsory charity, under their magnanimous administration.