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6139008-History-of-Money

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circulation. You will notice that these Notes wereRedeemable in Gold or in Lawful <strong>Money</strong>. Obviously, ifsomething is Redeemable in Gold or Lawful <strong>Money</strong>, it isNOT, and CANNOT be, either Gold or lawful money. FederalReserve Notes may have been construed by the courts tobe "Legal Tender" [see the United States Supreme Court"Legal Tender Cases": Hepburn v. Griswold, 75 U.S. 603,Knox v. Lee, and Parker v. Davis, 79 U.S. 457], but theyare not, and cannot ever be declared to be, lawful money.That is legally impossible, no matter what the SupremeCourt might wish.A typical United States <strong>of</strong> America Morgan Silver Dollardated 1899. A Federal Reserve Note, Redeemable in Gold,1928. A typical Silver Certificate, Redeemable in Silver,dated 1935. Below, A Federal Reserve Note, Redeemable inlawful money, 1934.What is a Dollar? A second What is a Dollar? An essay onlawful <strong>Money</strong> A Legal Brief on <strong>Money</strong>When does money become money? Paul Gilkes article from CoinWorld, Dec. 16, 2002. The <strong>History</strong> <strong>of</strong> Lawful gold and silver money and the debt brought on byunlawful fiat paper money An article on the Federal Reserve System Another article on the FederalReserve SystemIn 1933, Franklin D. Roosevelt cancelled (repudiated) the Redemption <strong>of</strong> Federal Reserve Notes ingold within these United States <strong>of</strong> America and forbade the private ownership <strong>of</strong> gold coins or bullionby Citizens, upon penalty <strong>of</strong> fine and/orimprisonment. So the ignorant"responsible","law-abiding"Citizens turnedin their lawfulmoney to theTreasury, whichprobably usedthat money topay <strong>of</strong>f debts <strong>of</strong>the United States. However, Federal Reserve Notes were still Redeemable ingold outside these United States <strong>of</strong> America and the same Federal Reserve Notes were still Redeemable in silver upondemand within these United States <strong>of</strong> America. When the United States <strong>of</strong> America "went <strong>of</strong>f the Silver Standard" in 1964after John F. Kennedy’s assassination, the Government again repudiated the Redemption <strong>of</strong> Federal Reserve Notes insilver coin (the last lawful money) and replaced the lawful money with cupro-nickel tokens. In a very real sense, theUnited States became insolvent. We then had Federal Reserve Notes which were "redeemable" only in other FederalReserve Notes and "token" coinage having little intrinsic value, and also not redeemable in anything <strong>of</strong> value. We nowhave a "Federal Reserve Note" which does not Promise anything, is not Redeemable on Demand in anything <strong>of</strong> intrinsicvalue, and which has been deemed (unilaterally proclaimed) to be "legal tender", but which is not and cannot ever belawful money <strong>of</strong> the United States. While the current "Federal Reserve Notes" are not valid promissory notes; they may be"bills <strong>of</strong> credit". Legally, such currency is called "scrip" or "fiat money". In slang, such currency is called "worthless","bogus", "fake", "funny money", etc. What "obligation" could possibly attach to such a "Note" or to the use <strong>of</strong> such a"Note"? I believe that, since no obligation [<strong>of</strong> Redemption in Value] can attach to the purported Issuer [the FederalReserve Banks] or to the purported co-signers [the Treasurer <strong>of</strong> the United States and the Secretary <strong>of</strong> the Treasury] <strong>of</strong>such a "Note", no obligation could possibly attach to the first, nor to any subsequent, holder or user <strong>of</strong> such a pseudo-"Note". And if it costs only 3-4 cents to make such a "Note" [no matter what the actual "face" denomination], isn't thatproduction cost [paper, ink, and "security" strip] the only intrinsic value <strong>of</strong> the "Note"?Congressional Report on <strong>Money</strong> (1964): In other words, every the Federal Reserve System purporting to issue these"Federal Reserve Notes" as money to its member Banks andevery member Bank issuing them to its customers is legallyinsolvent, because they cannot ever redeem such a "FederalReserve Note" in lawful money <strong>of</strong> these United States <strong>of</strong>America. Further, they are also willfully committing Fraudupon their customers, because they know (even if theircustomers do not know) that they cannot redeem those"Federal Reserve Notes".Today’s Non-Redeemable One Dollar "Federal Reserve Note"(well known masonic symbolism at the back <strong>of</strong> the note,http://www.masoncode.com/The%20Great%20Seal.htm ).The Hidden <strong>History</strong> Of <strong>Money</strong> & New World Order Usury Secrets Revealed at last! Page 396

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