PDA

View Full Version : despite what this dollar says, you can't get silver for it from the government.



Chex
09-22-12, 02:47 AM
Yea because they made a law a took it from We the People: http://finance.yahoo.com/blogs/the-exchange/1-silver-certificate-still-looking-pretty-sharp-175434007.html

Your ability to redeem the certificates for silver with the U.S. Treasury came to an end in 1968.

"On May 25, 1964, the Secretary of the Treasury announced that silver certificates could no longer be redeemed for silver dollars. Subsequently, another Act of Congress dated June 24, 1967, provided that the certificates could be exchanged for silver bullion for a period of one year, until June 24, 1968. Those certificates, which remain outstanding, are still legal tender and can be spent just like a federal reserve note." http://www.treasury.gov/about/history/collections/Pages/silver.aspx

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. http://codes.lp.findlaw.com/uscode/12/3/XII/411


The phrase "In God We Trust" is absent.

Because this government does not believe in God because they are playing the role of God.

If you take this to a regular merchant right now, you can plan on it getting you $1 worth of goods, the same as your current Federal Reserve note. Because it's paper credit.

"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves."

shikamaru
09-22-12, 11:46 AM
Easy enough to solve.

Reduce doing business in paper and certainly don't exchange precious metal for paper.

I'm thinking lawful money includes US securities, coins, and postal money orders.

Lawful money, with respect to the Federal Reserve Act of 1913, referred to reserve currency.

David Merrill
09-22-12, 02:23 PM
Easy enough to solve.

Reduce doing business in paper and certainly don't exchange precious metal for paper.

I'm thinking lawful money includes US securities, coins, and postal money orders.

Lawful money, with respect to the Federal Reserve Act of 1913, referred to reserve currency.


United States security notes, rather than United States notes. Congress did not change the name, they bundled US notes into the larger order of currencies.

Spend some time in Title 31 ??5114-5119. Start with ?5115 (http://www.law.cornell.edu/uscode/text/31/5115).

The Notes (http://www.law.cornell.edu/uscode/text/31/5115?quicktabs_8=2#quicktabs-8)tell us:


In the section, the words “United States currency notes” are substituted for “United States notes” for clarity and consistency in the revised title.


Congress dearly needed to reconcile the conundrum of this opening post before Title 31 could become Positive Law (http://img834.imageshack.us/img834/9024/titlesoftheuscode.pdf).



P.S. I just realized I am imposing US notes on Silver Certificates. So this post may have some problems.