Filing Question

[Bentley]

Since the formation of the Bank of England in 1694, all major/central banks have committed the crime of fractional reserve lending, ie, loaning out money they don't have. The 'reserve' requirements now for FedRes member banks, is zero for the first $10million loaned, then 3% for the next $100million, then 7% for amounts higher. Each bank branch gets its own reserve account, and there are 8,000+ such banks, so the 'reserve balance' is somewhat less than 3%, or leverage of 30 to 1. This is fraud, and represents the transfer of wealth from those who earn to those who steal. The unholy alliance between criminal bankers and venal politicians is destroying civilization, and rolling back all the progress made in improving the quality of life for the common man. Power corrupts, and the banker/politician nexus is the center of this corruption.

As to stamping Lawful Money on the currency, not one person in a thousand knows what this means, and it has almost no effect on anything past the original transaction conducted by the stamper. The banks ignore the stamp, and the citizenry are so ignorant that it means nothing to them. The banks count the stamped cash as reserves as though it had never been stamped; besides, hardly any cash is used in our present society - 54% of transactions are now done by computer tracking of digital balances, and half the remainder by checks. Only retail businesses deposit cash, and their accounts are not demanded in lawful money.

Freed,

You're probably right, but at least the bills will probably get flagged as 'mutulated' and taken out of circulation that way, for whatever that's worth.

Here's an interesting video about the Fed. https://www.youtube.com/watch?v=HfpO-WBz_mw

Bentley

[David Merrill]

Interesting conversation today.

1). Physically stamping bills reduces cash-on-hand for reserve purposes and effectively takes the actual bills out of circulation.

That does not happen. But it does educate people about the remedy. If they look up the code they are a lot closer to getting there anyway.

I wonderful book gave me a lot of insight Mike. New York - Its Upper Ten and Lower Million by George LIPPARD, around 1840. This book depicted the banking operations where a banker would shut down at the first sign of a run, only to open a new bank with all the funds in a month. I was specially impacted by this clarity of "bond" - by the court of $10M.

I think we may find some insight just today about money with Apple going into debt intentionally with their shares of course being currency just like Federal Reserve notes are shares in the Fed.

[Franco]

www.antishyster.com
Franco