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sam charles
06-14-13, 08:12 PM
http://www.zerohedge.com/news/2013-06-14/day-1933

David Merrill
06-15-13, 12:37 AM
Thanks for the Article:


http://img545.imageshack.us/img545/3082/6tf8.jpg

I got into The Public Papers and Addresses of FDR (http://img856.imageshack.us/img856/4959/h54.pdf) for today too!

sam charles
06-15-13, 01:08 AM
each dollar in a hoard ties up 15-20 dollars in credit

very telling line of that newspaper article

David Merrill
06-15-13, 09:03 AM
Thanks for posting that here.


http://friends-n-family-research.info/FFR/Merrill_TWA_Collections.jpg

sam charles
06-25-13, 04:26 AM
What constitutes money? how fractional reserves operate as probabilistic fraud (X promises to pay Y, but figures there is only a 10% chance that Y will actually take delivery).

The language on the "notes" 100 years ago was an ordinary sentence, written in plain english...

"the united states of america will pay to the bearer on demand X dollars"
http://www.papermoneyauction.com/notes/directory/1039a/1039a-1914-50-NOTSLABBED153-alexperakis.jpg

sam charles
06-25-13, 04:40 AM
the note was not the dollar

use versus mention

thing versus reference

David Merrill
06-25-13, 08:38 AM
That sounds interesting but I do not have enough details... can you please elaborate?

It sounds like you are making the same point made on this post (http://savingtosuitorsclub.net/images/styles/CinemaIce/buttons/viewpost-right.png).

shikamaru
07-01-13, 06:52 PM
What constitutes money?

According to Black's Law Dictionary, money does not embrace notes.

According to the Third Circuit Court of Appeals, Federal Reserve Notes are not money per se. (http://cfsnv.com/blog/2011/09/3rd-circuit-rules-federal-reserve-notes-are-not-%E2%80%9Cmoney-%E2%80%9D/)