http://www.federalreserve.gov/releas...1108assets.htm
Damn. I feel a dark cloud above. This is some dark shit man...

(that 1984 article was a great read by the way), is there a way to value lawful money? It has to have some difference, and currency reserves in some non-member banks require it's possession.
I believe that at the Amendments to the Bretton Woods Agreements (Secret Jamaica Rambouillet Accord included) the IMF Trust Fund was established at the current earmark of international gold. Look at the Footnotes.


Quote Originally Posted by martin earl View Post
I have not seen anything about the Fed demanding gold, although if they did, they could not touch the 300 million in gold coins (at face value) held by the Treasury in trust for backing "lawful money" in circulation.

These coins were issued to the public, taken back to fund the War of Federal aggression (Civil War), Gold certificates issued for them were redeemed after the War.

Those same coins were "seized" again in 1933-34 under the "New Deal" of FDR. If any commodity is demanded by the FED for payment, it would be gold (in any form) issued and sold commercially and not the 300 million backing my (our) demand for lawful money, it is a matter of Federal by law those Gold coins cannot be touched.

The FED only has a first lien on "all good and services" "specifically held" to back the Feds credit. That is the essence of redemption, once redeemed, it is no longer backing the Federal Reserve (not just money, but the people as well).
I am quickly being convinced that I have found the gold coins. This is a fascinating journey. Those coins are located in the American Numismatic Association museum on the SE Corner of the Golden Rectangle. Like I tell in my first video that whole Rectangle exploration came to me in a dream.

The dream went like this. I had discovered a "map" composed of the Masonic monuments here in Colorado Springs. I went to the middle of the symbol (I did not get the shape until I went to the monuments with GPS equipment) and was in a grove of trees. Most of the area in the Rectangle is Open Spaces like found in the 1313 METRO thread. In the middle of the trees the ground was soft and sandy - easy digging. I found an old wooden chest buried and opened it to find it filled with gold coins! It was one of the best dreams of my life! I found a movie called Bloodline with a similar scene as my dream.

Quote Originally Posted by mikecz View Post
Ok,

With this I take issue.

http://www.npr.org/2011/06/28/137394...t-nobody-wants

United States currency notes...
(1) may not be more than $300,000,000; and
(2) may not be held or used for a reserve.

I'm thinking now United States currency notes are indeed lawful money, but, there are other types of lawful money. Coin being one of them. Now, the law doesn't state you can only have 300,000,000 in lawful money, its only 300,000,000 in United States currency notes. Therefore, I'm finding it difficult to connect lawful money as being inelastic. In the article above, "they say" there is 1 billion in coin, which is well above the inelastic 300,000,000 number. Could it be construed that these 1 dollar coins aren't in circulation?

Thanks
Yes. United States currency notes are all forms of lawful money. United States notes were not included in the United States currency notes until Congress decided to do that in order for Title 31 to be reenacted into positive law. Look at the Notes in the Section you cite.

I thought Congress simply changed the name of United States notes to coerce this pegging to the FRN in value. Oddly I got a call from two women who were both attorneys by their knowledge of Code. They instructed me where to look to discover for myself that United States notes were bundled into United States currency notes. I could probably find that citation, I am sure I still have it but have to remember key words and where I would have saved it.