Originally Posted by
David Merrill
Thank you for posting!!
Thank you for your reply David. :-)
I'm trying to engage a community "think/input" process related to more rapidly reducing that portion of our Nation's debt that is currently payable to this foreign/private Federal Reserve system cartel...
In following the evidence/fact trail related to my two earlier posts:
1. The Federal Reserve system and their various affiliated member financial institutions function as a foreign and private international banking/credit cartel.
"Some people think the Federal Reserve Banks are United States government institutions, they are not government institutions, they are private credit monopolies." Congressional
Record, June 10, 1932, p. 12595
"The Federal Reserve Board, and the Federal Reserve Banks are private Corporations." Congressional Record, Jan. 24, 1934, p. 1293
"Federal reserve banks are not federal instrumentalities for purposes of a Federal Tort Claims Act, but are independent, privately owned and locally controlled corporations in light of
fact that direct supervision and control of each bank is exercised by a board of directors. Federal reserve banks, though heavily regulated, are locally controlled by their member banks,
banks are listed neither as "wholly owned" government corporations nor as "mixed ownership" corporations; federal reserve banks receive no appropriated funds from Congress and
the banks are empowered to sue and be sued in their own names." Lewis v. United States, 680 F.2d. 1239 (1982)
2. Given Chex's earlier post/youtube link [Thanks Chex! :-)] regarding the foreign/private Federal Reserve cartel's public admission by Allen Greenspan, as their currently sitting Chairman (at that time) that: "Gold is Currency; No fiat currency, including the "dollar" [in U.S. situs based representative note/obligation form, see: Title 18 U.S.C. §8 below], can match it" . . .
“What is a dollar? It's just something artificial we throw out there. What you're doing is you're fooling people into thinking they have purchasing power, when in fact they do
not.” Denis Karnofsky, Chief Economic Advisor, St. Louis, St. Louis Federal Reserve Bank (June 10, 1978)
The Federal Reserve cartel Admits that "Gold" bullion is the most concentrated specie of tangible value "currency" to their foreign/private Federal Reserve system international banking/credit cartel.
3. The fact that Gold (and Silver) Coin are Constitutionally compliant (Article 1, Section 10, Clause 1) forms of such [foreign/private Federal Reserve cartel acknowledged/recognized] "currency" of value suitable for the actual payment (extinguishment) of such debts . . . In this Nation, all Constitutionally secured rights and prohibitions stand on their own, and need no further defense!
“The 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 vs. Van Auken, 96 US 366, 24 L.Ed. 852 [American Jurisprudence, Volume 36, §8
The Constitutional operating agreement forming the National government decrees that the species of "Gold" and "Silver" bearing Coin are forms of tangible value suitable for paying debts.
4. Various federal-venue courts + territorial tax court rulings have historically demonstrated that all such Gold (and Silver) bearing Coins (including those various U.S. minted/issued Gold (and Silver) bearing coins) that can be effectively connected with the conduct of a federal-venue insurance/benefit program "covered" trade or business activity performed anywhere in the world - are being valued and assessed by these courts at their precious metal "market value" as though they were "foreign Gold/Silver bearing coins", and as such - are subsequently being excise (benefit/privilege) taxed [by the "collections department" agent (d.b.a. IRS) of their foreign/private Federal Reserve cartel/IMF] for interest payments on the Federal debt according to the current international "market value" of their Gold/Silver precious metal content expressed in the unit symbol of "$" instead of the actual "dollar-unit" value established and authorized by the U.S. Congress that has been affixed by impression upon the face of all such U.S. minted and issued Gold (and Silver) bearing dollar unit coins . . .
"Resistance to additional income taxes would be even more widespread if people were aware that . . .100 percent of what is collected [in income tax] is absorbed solely by interest on the Federal debt . . . .[supra, n. 35] In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government." - J. Peter Grace, “President's Private Sector Survey on Cost Control: A Report to the President,” dated and approved January 12 and 15, 1984
5. Enforcement of contracts containing "Gold clauses" has been reauthorized by the U.S. Congress since October 1977 (see my previous post of: Title 31 U.S.C. 5118(d)(2) - Gold Clauses and consent to sue)
6. In light of the fact that checks/drafts are a "medium of exchange" obligation offered by the maker to the payee that expresses a direction in writing to the bank/financial institution for immediate payment of a sum certain in money (as numerically expressed within a box (4 corners rule) shown on the face of the check/draft in units of "$[ ]", or as written out using long-form underlined words expressed in units of "dollars") of my own choosing, and NOT in any specie of the bank/financial institution's own choosing and financial advantage in transacting it . . . shouldn't we be making a very specific demand for payment of the check/draft to be paid in the highest concentration of tangible value specie of U.S. minted and issued dollar-unit Gold Coin possible, like the one described in federal-venue Title 31 U.S.C. §5111(a)(9) - which provides 1/4 troy ounce of Gold for every ten U.S. dollar-units of value?
"A promissory note cannot properly be equated with a check, since a note, even when payable on demand and fully secured, is still only a promise to pay, whereas a check is a direction to the bank for immediate payment, [and] is a medium of exchange . . ." Williams vs. Comm.of the Internal Revenue Service 429 US 569, L Ed 2d 48, 97 Supreme Ct. 850 (1977)
By example:************************************************** **
Payee orders payment specifically made in the specie of lawful money of value
expressed in U.S. minted and issued legal tender Gold bearing Coin in ten dollar-units
ONLY, as currently authorized in Title 31 U.S.C. §5112(a)(9); redeemed at par
per ch. 6, 38 Stat. 251, Sec. 16 of the Federal Reserve Act of 1913, presently
codified in Title 12 U.S.C. §411.
By demand: __________________________________________________ ___, Payee
(transacting absent my accommodation is authorized per U.C.C. 4-205)
************************************************** **
7. Upon all such repudiation/default of the financial institution in paying the check/draft "medium of exchange" instrument according to our written order (like that shown above) - shouldn't we be photocopying such checks/drafts and using them as supporting exhibits in making a demand for immediate set-off and extinguishment of portions of the National Debt that are currently payable to the foreign/private Federal Reserve system cartel, and base the set-off amount on the precious metal "market value" of such repudiated/defaulted on U.S. minted and issued coins now expressed in "$" [because this is what we must now pay the U.S. Mint in FRN's to purchase and acquire such coins] as the basis for our offset/extinguishment? As shown in a previous post - the Federal Reserve system has failed to maintain the purchasing power of their commercial-paper notes, not U.S. - so shouldn't the increased debt offset in "$" reflect their failure?
The Bureau of Public Debt is responsible for borrowing the money needed to operate the Federal Government and accounting for the resulting debt.
see: https://www.treasury.gov/about/organ...Pages/bpd.aspx
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