I stumbled upon this today and thought you might like it.Originally Posted by shikamaru
I was searching for "Letter, Oct. 26, 1989, Dept. of Treasury, Russell Munk, Asst. Gen. Counsel"
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In 1980 Congress passed, among other things, Public Law 96-221, providing for the furtherance and expansion of the profligate rehypothecated debt pyramid scheme, and reduced the reserve requirements on "transaction accounts" to a minimum of 3% per centum to a maximum of 14 per centum (See: Depository Institutions Deregulation And Monetary Control Act of 1980, Section 103(b) (E)(2)).
"In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper. Deposits are merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face amount...."
Compare this with the United States Constitution, which says: "No State shall make anything but gold and silver coin a tender in payment of debt..." and which also says: "Congress shall have the power to coin money and regulate the value thereof..." (Italics added for emphasis; this paragraph added to the original John B. Nelson document of February 21, 1992 on July 18, 1999 to reiterate what was stated previously in this document and to demonstrate, first hand, yet another way the Constitution is being usurped, in fact and in intent).
http://home.absolute.net/xode/nwofra...Bankfraud1.htm
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