Part 2
http://www.youtube.com/watch?v=LdVTQXA7M68
>A writ commanding something to be done<
traditional fiat side .............LOL
http://www.youtube.com/watch?v=wJBWRG9PHuE
Printable View
Part 2
http://www.youtube.com/watch?v=LdVTQXA7M68
>A writ commanding something to be done<
traditional fiat side .............LOL
http://www.youtube.com/watch?v=wJBWRG9PHuE
Great videos, I have many old notes and its interesting how verbage was added and more importantly removed over the years...generations. Once they convinced all that frns were "money" it was print, print, print. In part 2 go to the 3min30sec mark and that opened my eyes up....THIS NOTE IS A LEGAL TENDER AT ITS Face Value for all Debts Public and Private, except Duties on Imports and Interest ON THE PUBLIC DEBT. How does this relate to 12USC411? And also Redeemed in Lawful Money was'nt removed from the frns, at least the 20's that I have untill the 1960's.
I've yet to look at the videos but Marco Polo had interesting mentions about paper or wooden (same thing) currency of Genghis Khan.
MoneyQuote:
Originally Posted by allodial
Sam Charles says: I have many old notes and its interesting how verbage was added and more importantly removed over the years...generations. Once they convinced all that frns were "money" it was print, print, print. In part 2 go to the 3min30sec mark and that opened my eyes up....THIS NOTE IS A LEGAL TENDER AT ITS Face Value for all Debts Public and Private, except Duties on Imports and Interest ON THE PUBLIC DEBT. How does this relate to 12USC411? And also Redeemed in Lawful Money was'nt removed from the frns, at least the 20's that I have untill the 1960's.
http://www.youtube.com/watch?v=1FiaUpeJxcA
Social Security Number Not Required
Quote:
Originally Posted by sam charles
This website is not a formal academia for systems of thought. Therefore we can be flexible and play with mental models some of which may fail but many that will help us get a better understanding of remedy.
The one that I am enjoying lately is ministerial authority. You begin to move in the authority of a public minister (for the public trust) as you redeem lawful money. The language works both ways - rather than to redeem FRNs you are redeemed yourself in the lawful money system.
This could be easily ridiculed as subjective and biblical. A false balance is an abomination to the LORD but a just weight is His delight. The metaphysic is that since you become pleasant to the Creator and His natural law, you will discover a certain authority will develop around you to remain that way, outside the Federal Reserve system of currency (elastic currency).
I think this will apply to the verbiage you find on those bills quite nicely.
Above The Law
http://www.youtube.com/watch?v=ol3mEe8TH7w
We can print:Faster now more than ever, we have a new printer his name is Ben.
http://www.youtube.com/watch?v=q6vi528gseA
And be it further enacted, that it shall be lawful for any person or persons to bring to the said mint gold and silver bullion in order to their being coined; and that the bullion so brought shall be there assayed and coined as speedily as may be after the receipt thereof,
and free of expense to the person or persons by whom the same shall have been brought.
And as soon as the said bullion shall have been coined, the person or persons by whom the same shall have been delivered, shall upon demand receive in lieu thereof coins of the same species of
bullion which shall have been so delivered,
weight for weight, of the pure gold or pure silver therein contained:
Provided nevertheless, That it shall be at the mutual option of the party or parties bringing such bullion, and of the director of said mint, to make an immediate exchange of coins for standard bullion,
with a deduction of one half percent from the weight of the pure gold, or
pure silver contained in the said bullion,
as an indemnification to the mint for the time which will necessarily be required for coining the said bullion, and for the advance which shall have been so made in coins.
And it shall be the duty of the Secretary of the Treasury to furnish the said mint from time to time whenever the state of the treasury will admit thereof,
with such sums as may be necessary for effecting the said exchanges, to be replaced as speedily as may be out of the coins which shall have been made of the bullion for which the monies so furnished shall have been exchanged;
and the said deductions of one half percent. shall constitute a fund towards defraying the expenses of the said mint.
Section 9. And be it further enacted, That there shall be from time to time struck and coined at the said mint, coins of gold, silver, and copper, of the following denominations, values and descriptions, viz.
•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.
•HALF EAGLES —each to be of the value of five dollars, and to contain one hundred and twenty-three grains and six eighths of a grain of pure, or one hundred and thirty-five grains of standard gold.
•QUARTER EAGLES —each to be of the value of two dollars and a half dollar, and to contain sixty-one grains and seven eighths of a grain of pure, or sixty-seven grains and four eighths of a grain of standard gold.
•DOLLARS OR UNITS —each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver.
•HALF DOLLARS —each to be of half the value of the dollar or unit, and to contain one hundred and eighty-five grains and ten sixteenth parts of a grain of pure, or two hundred and eight grains of standard silver.
•QUARTER DOLLAR —each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver.
•DISMES —each to be of the value of one tenth of a dollar or unit, and to contain thirty- seven grains and two sixteenth parts of a grain of pure, or forty-one grains and three fifths parts of a grain of standard silver.
•HALF DISMES —each to be of the value of one twentieth of a dollar, and to contain eighteen grains and nine sixteenth parts of a grain of pure, or twenty grains and four fifths parts of a grain of standard silver.
•CENTS —each to be of the value of the one hundredth part of a dollar, and to contain eleven penny-weights of copper.
•HALF CENTS —each to be of the value of half a cent, and to contain five penny-weights and a half a penny-weight of copper.
And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of the fine gold or fine silver therein contained, or shall be of less weight or value than the same out to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offenses, shall be deemed guilty of felony, and shall suffer death.
N.Y., July 25, 1864.
SIR: Will you please define what is meant by United States Bonds in section 110, new law? http://www.nytimes.com/1864/08/07/ne...tes-bonds.html
Monday, Sept. 28, 1931
Think of Britain, whose people have long been the world's bankers, as a bank in itself. What happened last week, what has been happening since June, was a run on that bank, which could not be stopped. Britain the Bank, with great resources in goodwill and foreign investments,* did not have the gold to meet the cash demands of her international depositors. While there still was enough gold in the vaults to assure the Government's foreign obligations, the directors, otherwise the National Cabinet of Ramsay MacDonald, refused to pay out gold to...
Read more: http://www.time.com/time/magazine/ar...#ixzz2LHtCIk5t
Monday, Mar. 20, 1933
When the Press trooped in to see what manner of man this was that President Roosevelt had called from the Presidency of American Car & Foundry to run the Treasury at a moment of greatest national emergency, they found small William Hartman Woodin, his eyes as blue as his shirt and collar, his cupid mouth pursed in an easy little smile, sitting informally on the edge of his desk, swinging his legs. Piped a pert newshawk: "Mr. Secretary, you're in a pretty hot spot, aren't you?" The brand-new Secretary reached down...
Read more: http://www.time.com/time/magazine/ar...#ixzz2LHw0aytV
Monday, Oct. 02, 1933
Louder than ever boomed the guns of currency inflation last week on the Washington front. The dollar was down to 63¢ gold. Many a Wall Streeter thought this figure already discounted actual devaluation, doubted if direct inflation would boost prices appreciably or hold them up. Oklahoma's Senator Thomas, field marshal of the inflationary forces, was loosely threatening a march of 1,000,000 men on Washington unless there was a great outpouring of printing-press money. His polls of Congress showed a 20-to-1 sentiment in favor of quick inflation. Nevada's Senator Pittman tried to interest the...
Read more: http://www.time.com/time/magazine/ar...#ixzz2LHtp5ozg
Monday, Nov. 13, 1933
Fortnight ago R. F. C. Chairman Jesse Jones boosted the price paid U. S. miners for gold, thereby squeezed the gold value of the dollar from 66.88¢ to 64.96¢. But the foreign exchange value of the dollar remained over 66¢. Last week, using the shiny new squeezer given him by President Roosevelt, authority to buy gold in the world market (TIME, Nov. 6), Mr. Jones using both hands not only squeezed the domestic gold value of the dollar to 62.94¢ but got the exchange value down to 64.81¢. How much gold Mr. Jones had...
Read more: http://www.time.com/time/magazine/ar...#ixzz2LHuVHCWB
In 1933, the Gold Reserve Act was passed, causing the Federal Reserve to transfer its stash of gold bullion and Gold Certificates to the U.S. Treasury. It also made it illegal for U.S. citizens to own most forms of gold (jewelry being the obvious exception), including Gold Certificates. The law was designed to prevent the runs on banks that were deepening the country’s banking crisis, but at the same time, it allowed the government to get its hands on as much gold it could. http://www.collectorsweekly.com/us-p...d-certificates
Monday, July 13, 1942
To save $2,000,000 worth of nylon, paper, ink and printing, Treasury employes will dust off some long-stored bundles of pre-Roosevelt Federal Reserve gold notes, put $4,200,000,000 worth into circulation.
They won't be, as promised on their face, "redeemable in gold on demand." Like all New Deal Federal Reserve notes, they may be exchanged only for "lawful money of the United States," i.e., smaller bills or coin. http://www.time.com/time/magazine/ar...#ixzz2LHrzwGxQ
Friday, Mar. 03, 1961
To help boost the economy, the Federal Reserve Board last week unlimbered an old fiscal weapon that President Kennedy and many liberal economists have long wanted restored to the nation's antirecession arsenal. The Fed announced it would begin buying U.S. notes and bonds of longer maturity.* By entering the long-term market, the Fed can shorten the supply of bonds, push prices up—and thus help nudge yields lower. Since Government bond yields tend to set the tone of all interest rates, this policy would be expected to push long-term rates down, make money...
Read more: http://www.time.com/time/magazine/ar...#ixzz2LHu9tvPD
The early history of United States gold certificates is somewhat hazy. They were authorized under the Act of March 3, 1863, but unlike the United States Notes also authorized, they apparently were not printed until 1865. They did not have a series date, and were hand-dated upon issue.
"Issue" meant that the government took in the equivalent value in gold, and the first several series of Gold Certificates promised to pay the amount only to the depositor, who was explicitly identified on the certificate itself.
The first issue featured a vignette of an eagle uniformly across all denominations. Several later issues (series 1870, 1871, and 1875) featured various portraits of historical figures. The reverse sides were either blank or featured abstract designs. The only exception was the $20 of 1865, which had a picture of a $20 gold coin.
Gold certificates, along with all other U.S. currency, were made in two sizes—a larger size from 1865 to 1928, and a smaller size from 1928 to 1934. The backs of all large-sized notes and also the small-sized notes of the Series of 1934 were orange, resulting in the nickname "goldbacks".
The backs of the Series of 1928 bills were green, and identical to the corresponding denomination of the more familiar Federal Reserve Notes, including the usual buildings on the $10 through $100 designs and the less-known abstract designs of denominations $500 and up.
With the 1934 issue, the promise to pay was amended with the phrase "as authorized by law", as redemption was now restricted to only certain entities.
The phrase "in gold coin" was removed as the physical amount of gold represented would vary with changes in the government price.
Both large and small size gold certificates feature a gold treasury seal on the observe, just as U.S. Notes feature a red seal, silver certificates (except World War II Hawaii and North Africa notes) a blue seal, and Federal Reserve Notes a green seal.
Notes: All Series 1928A Gold Certificates were consigned to destruction and never released; none[5] are known to exist.
All Series 1934 Gold Certificates were issued only to banks and were not available to the public.
The Series 1934 Gold Certificates are also distinguished from the previous Gold Certificates in their gold clause, which adds the phrase "as authorized by law" to denote that these notes cannot be legally held by private individuals, and by their distinctive orange reverses.
Only a few museum specimens of these Series 1934 Gold Certificates survive today. http://en.wikipedia.org/wiki/Gold_certificate
Liberty
Lost
I found this link the most revealing....LMUS!
Monday, July 13, 1942
To save $2,000,000 worth of nylon, paper, ink and printing, Treasury employes will dust off some long-stored bundles of pre-Roosevelt Federal Reserve gold notes, put $4,200,000,000 worth into circulation.
They won't be, as promised on their face, "redeemable in gold on demand." Like all New Deal Federal Reserve notes, they may be exchanged only for "lawful money of the United States," i.e., smaller bills or coin. http://www.time.com/time/magazine/ar...#ixzz2LHrzwGxQ
Please copy the entire link; you copied the abbreviated rendition and so of course it does not function.Quote:
Originally Posted by Brian
This image tells it all:October 27 1934
Attachment 1165
Like they did gold in 33.......they did silver.......http://www.youtube.com/watch?v=lMD2qNOGIFU
Yes Sammie thats it:
"They're buying and bidding on an ounce of gold, pure gold by the weight," Glover said.
When cleanup crews arrived, they made another startling discovery: The 69-year-old man who had lived so simply had a vast collection of thousands of gold coins worth millions of dollars stashed in old ammunition boxes in his garage.
The Story http://news.yahoo.com/recluses-gold-...144757875.html
It's a good thing: The list of companies that have stopped selling firearms and ammunition to law enforcement agencies in states that are restricting the Second Amendment has more than doubled since Wednesday and is more than five times larger than just one week ago -
See more at: http://redflagnews.com/headlines/44-....6cxeAaZ7.dpuf
Not because of: What do federal agencies need with all that ammunition? -
See more at: http://redflagnews.com/headlines/s6f....dkWTUHhT.dpuf
Maybe it's because of: Initial fears that as many as 375,000 sick people would swamp the pools and bankrupt them by 2012 did not pan out. This is largely because, even though the pools must charge premiums comparable to those for healthy people, the plans sold through them are often expensive. http://www.washingtonpost.com/nation...a13_print.html
or
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. Very Well Written: http://keystoliberty2.wordpress.com/...2-section-411/
Hummm........ Death Penalty, Sounds inviting.
Frightened Commissars DELETE the Death Penalty portion from Coinage Act of 1792
http://www.goldismoney2.com/showthre...92-Coinage-Act
Definition of "Dollar"
Bouvier's Law Dictionary, 1856 Edition
DOLLAR, money. A silver coin of the United States of the value of one hundred cents, or tenth part of an eagle.
2. It weighs four hundred and twelve and a half grains. Of one thousand parts, nine hundred are of pure silver and one hundred of alloy. Act of January 18,1837, ss. 8 & 9, 4 Sharsw. Cont. of Story's L. U. S. 2523, 4; Wright, R. 162.
3. In all computations at the custom-house, the specie dollar of Sweden and Norway shall be estimated at one hundred and six cents. The specie dollar of Denmark, at one hundred and five cents. Act of May 22, 1846.
CENT, money. A copper coin of the United States of the value of ten mills; ten of them are equal to a dime, and one hundred, to one dollar. Each cent is required to contain one hundred and sixty-eight grains. Act of January 18th, 1837, 4 Sharsw. cont. of Story',s L. U. S. 2524.
Blacks Law Dictionary, 1st Edition (1891)
DOLLAR. The unit employed in the United States in calculating money values. It is coined both in gold and silver, and is of the value of one hundred cents.
CENT. A coin of the United States, the least in value of those now minted. It is the hundredth part of a dollar. Its weight is 72 gr., and it is composed of copper and nickel in the ratio of 88 to 12.
Ballentines Law Dictionary, 2nd Edition (1930 & 1948)
Dollar (dol'ar). " There is no ambiguity about the word 'dollar'." If any word has a settled meaning at law, and in the courts, it is this. It can only mean the legal currency of the United States, not dollars vested in lands. A dollar is the volume of money, and is by law made a money unit value of the value of one hundred cents. See State v. Downs, 148 Ind. 324, 327.
Blacks Law Dictionary, 3rd Edition (1933)
DOLLAR. The unit employed in the United States in calculating money values. It is coined both in gold and silver, and is of the value of one hundred cents.
Thompson v. State, 90 Rex. Cr. R. 125, 234 S. W. 406, 408.
Blacks Law Dictionary, 4th Edition (1951)
DOLLAR. The unit employed in the United States in calculating money values. It is coined both in gold and silver, and is of the value of one hundred cents.
People v. Alba 46 Cal.App.2d 859, 117 P.2d 63. Money or currency issued by lawful authority and intended to pass and circulated as such. Neufield v. United States, 118 f,2d 375, 387, 73 App.D.C. 174.
The dollar of nine-tenths fine consisting of the weight determined under the 31 U.S.C.A. § 321, shall be the standard unit of value, and all forms of money issued or coined shall be maintained at a parity of value with this standard. 31 U.S.C.A. § 314.
Blacks Law Dictionary, 4th Edition Revised (1957)
DOLLAR. The unit employed in the United States in calculating money values. It is of the value of 100 cents. People v. Alba, 46 Cal.App.2d 859, 117 P.2d 63.
Money or currency issued by lawful authority and intended to pass and circulated as such. Neufield v. United States, 118 f,2d 375, 387, 73 App.D.C. 174.
Blacks Law Dictionary, 5th Edition (1968)
Dollar. The money unit employed in the United States of the value of one hundred cents, or any combination of coins totalling one hundred cents.
Blacks Law Dictionary, 6th Edition (1979)
Dollar. The money unit employed in the United States of the value of one hundred cents, or any combination of coins totalling one hundred cents.
Cent. A coin of the United States, the least in value of those now minted. It is the hundredth part of a dollar.
Blacks Law Dictionary, 7th Edition (West Group 1999)
(No definition for "dollar" or "cent" found)
Ballentines Law Dictionary, 3rd Edition (1969) dollar.
The legal currency of the United States; State v Downs, 148 Ind 324, 327; the unit of money consisting of one hundred cents. The aggregate of specific coins which add up to one dollar. 36 Am J1st Money § 8. In the absence of qualifying words, it cannot mean promissory notes, bonds, or other evidences of debt. 36 AM J1st Money § 8. (Emphasis Added)
American Jurisprudence, Volume 36, § 8
[T]he term "dollar" means money, since it is the unit of money in this country, and in the absence of qualifying words, it cannot mean promissory notes or bonds or other evidences of debt. The term also refers to specific coins of the value of one dollar. (27 Ohio Jur pp. 125, 126, § 3), (United States v. Van Auken, 96 US 366, 24 L ed 852)
Black's Law, Second Pocket Edition (1996) Federal Reserve Note
Federal reserve note. The paper currency in circulation in the United States. The notes are issued by the Federal Reserve Banks, are effectively non-interest-bearing promissory notes payable to bearer on demand, and are issued in denominations of $1, $5, $10, $20, $50, $100, $500, $1,000, $5,000, and $10,000. (Emphasis Added)
Title 18 § 8. - Obligation or other security of the United States defined The term ''obligation or other security of the United States'' includes all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of
deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps. (Emphasis Added) Link
Today’s coins are they different than the one produced by the mint years ago?
History of composition
The strange thing about money is the way it has changed, over time from being valuable commodities (such as gold and silver) to becoming pieces of paper with promises to pay the gold or silver to pieces of paper that are "legal tender for all debts public and private" to pieces of paper that promise to give you the other pieces of paper (i.e. cheques) to electronic entities that tell you how much numbers of these pieces of paper you have.
We have given up our real money for fiat money and we have given up our fiat money for promises to pay fiat money. What a wacky world we live in.
A common misconception is that paper currency is money. Currency is a form of money but it is, by far, not the predominant form of money today. In today's world, money is created by bankers at the stroke of a pen by issuing debt. Similarly, money is destroyed when a loan is repaid or, worse, when loans are defaulted on.
On the other hand, coins made of gold or silver may not necessarily be legal tender, if they are not fiat money in the jurisdiction where they are preferred as payment.
The Coinage Act of 1965 states (in part):
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes and dues. Foreign gold or silver coins are not legal tender for debts.
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts. 31 USC § 5103 - Legal tender | Title 31 - Money and Finance | U.S. Code | LII / Legal Information
Institute http://www.law.cornell.edu/uscode/text/31/5103
My question is why I have to accept them?
There is, however, no federal statute that a private business, a person, or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise.
Lawful money in Indiana.
If In trade operations with foreign countries Iran does not limit itself to dollars, and any state is free to use its own currency, Bahmani is quoted as saying by Russia's Itar-Tass news agency. He also added that if any client state wants to pay in gold, Iran would accept it without hesitation. http://rt.com/news/iran-gold-currencies-oil-453/
We were never short of silver in the North American Continent.
Comstock Lode http://en.wikipedia.org/wiki/Comstock_Lode
It's hammer time "Foreign gold or silver coins are not legal tender for debts".
Blacks Law Dictionary, 6th Edition (1979)
Dollar. The money unit employed in the United States of the value of one hundred cents, or any combination of coins totalling one hundred cents.
Cent. A coin of the United States, the least in value of those now minted. It is the hundredth part of a dollar.
Blacks Law Dictionary, 7th Edition (West Group 1999)
(No definition for "dollar" or "cent" found)
So 1933 there goes the Gold........1967 no more Silver..........1982 no more copper. And then no more definition of Dollar or Cent to be found in Black's Law.