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Thread: Made of platinum and worth $1 TRILLION each.

  1. #1

    Made of platinum and worth $1 TRILLION each.

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    You can find it in subsection (k) of 31 USC 5112, which governs "Denominations, specifications, and design of coins."

    (k) The Secretary may mint and issue platinum bullion coins and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary's discretion, may prescribe from time to time.

    Thanks to a law, the government can mint a platinum coin worth any amount.

    It then can deposit it at the Federal Reserve to pay off $1 trillion in debt, which would swing the government far below its debt limit.

    There are questions about whether this really would be legal or constitutional though.

    It then can deposit it at the Federal Reserve to pay me off.

  2. #2
    What is a Fractional Reserve System?

    ‘Fractional reserve banking’ allows banks to keep only a fraction of their deposits while lending out the rest with interest to other clients.

    Banks are therefore capable of loaning out money which they do not in fact possess.

    The assumption, of course, is that people will not all withdraw their funds from the banking system at the same time.

    In the US, a bank deposit of 1000$, 900$ or 90%–is lent out: 100$ is kept in reserve, and $900 is released into the market in the form of a loan.

    The beauty of this system is that the money lent out will most probably be brought back to the bank in the form of a deposit by either the borrower himself or by someone who has received his money in payment.

    This theoretical 900$, registered as a deposit, is now ready to be divided: 90$ (or 10%) will be kept in reserve, and 810$ (or 90%) will be lent out again. Money has just been created!

    This situation gets even worse in some countries, for instance Canada and Australia have a 0% reserve requirement, thus banks in these countries among others have the ability to create virtually an unlimited amount of money.

    This phantom money that is loaned out is created out of thin air, phantom money for which in turn banks charge a rate of interest to its borrowers.

    When money is created, debt is created!

    The problem with this system is that since more loans (credit) are created than actually deposits (money), it creates an environment where credit becomes significantly more important than money.

    Every time a loan is created by a bank, the credit supply expands.

    According to the FED’s Total Credit Market Debt Owed”, is approximately 53$ trillion and 2.4$ trillion in the true money supply (M1).

    In other words, cash money is approximately 4.5% of credit (TCMD/M1).

    See the figures here: http://www.usdebtclock.org/

    The result to our economy is that boom periods are hardly driven by cash money, as cash money is insignificant in relation to credit.



    The spectacular growth of the past two decades, it now turns out, was a mirage generated by the smoke and mirrors of rising debt and the willingness of the rest of the world to accept a flood of new dollars. Just how much the U.S. owes will shock you.

    But even more shocking is the fact that we’re still at it. Like a family that has maintained its lifestyle by maxing out a series of credit cards, America is at the point where new debt goes to pay off the old rather than to create new wealth. Hence the past few years’ slow growth and steady loss of jobs.

  3. #3
    Senior Member Michael Joseph's Avatar
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    IF WE CAN PERSUADE PEOPLE - that about says it all doesn't it? Consider what happens if you don't deposit your paycheck. If you don't make a deposit you do not place your trust in another - no Fractional Reserve Lending can occur.


    If someone gives me something to give to another but the giver does not issue forth terms, then in fact the gift is held in Trust by the Receiver according to the Will of the Receiver Trustee. That about sums up a Naked Endorsement.



    http://www.youtube.com/watch?v=2ssrc...layer_embedded
    http://www.youtube.com/watch?v=ImuVU...layer_embedded
    http://www.youtube.com/watch?v=8Qsll...layer_embedded
    http://www.youtube.com/watch?v=iK-741ISz94
    http://www.youtube.com/watch?v=lQf-u2nCVSw


    but one interesting thing I note concerning this video - the commentator knows an awful amount of knowledge concerning this so called secret event at Jeckyll Island.
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    Last edited by Michael Joseph; 01-07-13 at 07:28 PM.
    The blessing is in the hand of the doer. Faith absent deeds is dead.

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  4. #4
    IMHO: most, many if not all so-called money-gurus are passing around misinformation whether well-meaning or not. In my analysis ALL MONEY/CURRENCY is fiat in nature. Even gold coin is fiat in nature in the sense that the sovereign with respect to a given forum, venue or jurisdiction defines what constitutes money and therefore what constitutes payment/settlement of debt obligations. Re: money as debt-> obligations seem to arise out of charges or taxes. Now that someone could have somehow concocted "negative money" and made it "mainstream" is perhaps not out of the question. But even gold coin of a specific weight and design is technically fiat currency.

    fiat [?fa??t -æt]
    n
    1. official sanction; authoritative permission
    2. an arbitrary order or decree
    3. Chiefly literary any command, decision, or act of will that brings something about
    [from Latin, literally: let it be done, from fier? to become]
    Re: "Money is created out of thin air" -> Money is created by consensus, agreement, contract typically IN WRITING. If money is created out of thin air then would not the same be for banks, organizations, even for the Government of the United States? Is agreement memorialized on paper the same as thin air?

    Although many may seem to be well-meaning, WHAT MONEY GURU IS REALLY GETTING TO THE HEART AND CORE OF THE HOWS AND WHYS ABOUT MONEY? Inflaming people and stirring them into anger and irritability without offering remedy what does that do? At least this forum discusses REMEDY.

    The above isn't directed at anyone posting along this thread. This is generally in reference to the topic and the "buzz" that has been going around. From what I gather, it seems that many pushing for so-called "monetary reform" might be pushing a Trojan Horse--and perhaps a nasty one.
    Last edited by allodial; 01-09-13 at 03:55 AM.
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    "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
    "It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2
    Prove all things; hold fast that which is good. Thess. 5:21.

  5. #5
    Senior Member Michael Joseph's Avatar
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    Quote Originally Posted by allodial View Post
    IMHO: most, many if not all so-called money-gurus are passing around misinformation whether well-meaning or not. In my analysis ALL MONEY/CURRENCY is fiat in nature. Even gold coin is fiat in nature in the sense that the sovereign with respect to a given forum, venue or jurisdiction defines what constitutes money and therefore what constitutes payment/settlement of debt obligations. Re: money as debt-> obligations seem to arise out of charges or taxes. Now that someone could have somehow concocted "negative money" and made it "mainstream" is perhaps not out of the question. But even gold coin of a specific weight and design is technically fiat currency.



    Re: "Money is created out of thin air" -> Money is created by consensus, agreement, contract typically IN WRITING. If money is created out of thin air then would not the same be for banks, organizations, even for the Government of the United States? Is agreement memorialized on paper the same as thin air?

    Although many may seem to be well-meaning, WHAT MONEY GURU IS REALLY GETTING TO THE HEART AND CORE OF THE HOWS AND WHYS ABOUT MONEY? Inflaming people and stirring them into anger and irritability without offering remedy what does that do? At least this forum discusses REMEDY.

    The above isn't directed at anyone posting along this thread. This is generally in reference to the topic and the "buzz" that has been going around. From what I gather, it seems that many pushing for so-called "monetary reform" might be pushing a Trojan Horse--and perhaps a nasty one.
    I like your style.
    The blessing is in the hand of the doer. Faith absent deeds is dead.

    Lawful Money Trust Website

    Divine Mind Community Call - Sundays 8pm EST

    ONE man or woman can make a difference!

  6. #6
    If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

    Nearly $1.4 billion in surplus dollar coins are sitting in Federal Reserve. Any takers?

  7. #7
    Senior Member Brian's Avatar
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    Quote Originally Posted by Chex View Post
    If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

    Nearly $1.4 billion in surplus dollar coins are sitting in Federal Reserve. Any takers?
    Start demanding them and depositing them into your account to secure the credit that, that account balance represents.

  8. #8
    What I will add concerning "money":

    From a commercial perspective:

    Keep your personal debts small or non-existent.
    Keep your personal estate private.
    If you want to do debt, do it through a business or trust.

    You want to be heavy personal property and light personal assets as commercial paper.

    If you want to do commercial paper, again, do it through a trust or business.

    The paper is a liability.

  9. #9
    There may be something to unconditional acceptance of the commercial presentment. A suitor who has been busy and dropped off the brain trust for a few years has some interesting testimony on that. Hopefully that works out to be an interesting development!

  10. #10
    Quote Originally Posted by David Merrill View Post
    There may be something to unconditional acceptance of the commercial presentment. A suitor who has been busy and dropped off the brain trust for a few years has some interesting testimony on that. Hopefully that works out to be an interesting development!
    Likely its no coincidence that acceptances are customarily part of the money supply in the USA, UK, Canada, NZ, etc. There might similarity worth noting between 'acceptance' and 'cancellation'. To extend the above. Few "patriot sites" really evidence comprehension of acceptances.

    In my decades of analysis and I dunno if anyone will at this time find it spelled out as clearly as this ANYWHERE: All money is based upon sovereign prerogative. That is why they are after your crown. That is why they want to turn everyone into serfs or subjects. They are covetous of authority. They might claim to be against this or that .. or for "change" while really aiming to bring about the "change" of taking your crown and authority making it theirs. With the Great Revolution, the French Revolution and the Bolsheviks Revolution the target was "the crown" --or rather sovereign prerogative. In particular -> gaining control over the sovereign prerogatives associated with money: i.e. the very thing they claimed to be against and to despise and to seek to topple they themselves were simply deceiving people to undermine their own inheritance enough to allow them to take over and afflict the respective peoples with adversity. Perhaps they hated the monarchies (Romanovs, Ancien Regime, etc.) in the sense that they hated not having the power that they had. The power to issue money is rooted in sovereignty and this is why are out to undermine all crowns. Even the Soviets had a currency.
    All rights reserved. Without prejudice. No liability assumed. No value assured.

    "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
    "It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2
    Prove all things; hold fast that which is good. Thess. 5:21.

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