CHAPTER SIX
ABOVE THE LAW
Horror hath taken hold upon me because of the wicked that forsake thy law. (Psalm 119:53)
123
124 Fruit from a Poisonous Tree
FEDERAL RESERVE NOT ACCOUNTABLE TO CONGRESS
The Federal Reserve’s income each year is well over a trillion dollars. Congress holds them exempt from paying taxes on their illegally obtained income. They pay only real estate taxes. In order to perpetuate this ongoing fraud on the American public, it is imperative that the Fed’s financial activities never be subject to public scrutiny, and so, in its eighty-six year history, the Fed has never been audited by Congress or by any other government agency and never will be.
“Neither Presidents, Congressmen, nor Secretaries of the Treasury direct the Federal Reserve. In the matters of money, the Federal Reserve directs them.” – None Dare Call It Conspiracy, by Gary Allen
“In the United States we have, in effect, two governments... We have the duly constituted Government... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.” – Congressman Wright Patman, Chairman, House Banking and Currency Committee
“By law, the seven members of the Federal Reserve Board are appointed by the President for a term of fourteen years each. In spite of the incredible length of` these appointments, nevertheless, they are
supposed to create the illusion that the people, acting through their elected leaders, have some voice in the nation’s monetary policies. In practice, however, every President since the beginning of the Federal Reserve System has appointed only those men who were congenial to the financial interests of the international banking dynasties. There have been no exceptions.” – The Capitalist Conspiracy, by G. Edward Griffin“In its 60-year history, the Federal Reserve System has never been subjected to a complete, independent audit, and it is the only important agency that refuses to consent to an audit by the Congress’ agency, the General Accounting Office... GAO audits of the Federal Reserve will, moreover, fill the glaring gap that now exists in our information about the Fed’s activities and programs. As things now stand, the only information that we get on programs of the Fed is what the Fed itself wants us to have.” – Congressman Wright Patman, Congressional Record (May 5, 1975)
THE FED WILL TELL YOU ALL ABOUT THEIR MONEY
I found that of the most informative information available on the topic of money, debt, inflation, borrowing, interest, and banking are given freely by the Federal Reserve District Banks.
THE STORY OF THEIR MONEY
What we carry in our wallets, Federal Reserve Notes, would be disqualified as money, even if they were notes. A note is an IOU, a promise to pay – an evidence of debt. Even the Fed itself does not refer to FRNs as money. Their own publications, however, often refer to FRN’s as “forms” of money. Other possible forms of money might include credit cards, bank drafts, checks, electronic funds transfer, pretty colored rocks, etc. None of these, however, can in any way be construed as “money,” and it is arguable whether they are even a legitimate promise to pay money.
Legal Tender
Look at a Federal Reserve Note, and you will find the statement: THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE.
The Fed has been careful so as not to perpetrate an outright fraud (Congress did that for them), at least in so far as what they state on their “notes.” They have never asserted that their currency is “lawful money,” for that would be a direct violation of the Constitution and the Coinage Act. Instead, they have called it “legal tender.” One is a noun (money = substance); the other a verb (tender = action).
Legal. The form of law; posited by the courts as the inference or imputation of the law, as a matter of construction, rather than established by actual proof.
Tender. An offer of money. The act by which one produces and offers to a person holding a claim or demand against him the amount of money which
125
126 Fruit from a Poisonous Tree
he considers and admits to be due, in satisfaction of such claim or demand, without any stipulation or condition. As used in determining whether one party may place the other in breach of contract for failure to perform.
The actual proffer of money as distinguished from mere proposal or proposition to proffer it. Hence, mere written proposal to pay money, without offer of cash is not tender. (Black’s Law Dictionary, 6 Ed.)
The Law Ignored
Was the Constitution amended?
Have the laws been changed?
What happened to all the money?
Government would argue that no person has the right to financial
transactions that are private in nature – only criminals; like drug dealers, care about privacy. The argument goes “if you don’t have anything to hide, why would you care about privacy?” However, YOUR right to privacy supersedes government’s right to know!
Privacy is a Constitutionally-protected right, not so that real criminals will go unpunished, but because governments have historically demonstrated a propensity for using information gained against its citizens as a means of control and intimidation. The real objective of implementing an electronic cash devoid of real money is not at all about the elimination of real and legitimate crime in society. It is about seizing control of every imaginable area of our lives!
Smart cards and neural implants (microchip implants) are a technologic and practical reality today. All that is really necessary to break down the widespread reluctance to implementing them is an economic collapse. It’s the old game of government creating the problem, like Waco, Texas, and then providing the solution. Did you realize that we are already living in a cash-void society? Cash is money, isn’t it? How could we possibly have a free market, cashless society, without any real money?
“The legal tender acts do not attempt to make paper a standard of value. We do not rest their validity upon the assertion that their emission is coinage, or any regulation of the value of money; nor do we assert that Congress may make anything which has no value money.” – Bates v. United States, 108 F2d 407 408 (1939)
“Are silver dollars really made of silver? Not anymore. Silver is too expensive, so today’s silver dollars are really made of silver-looking metal outside that is 75 % Copper and 25% nickel. The inside is 100% copper.” – First Bank exhibit, Denver Children’s Museum, Denver
Mel Stamper 127 Payment vs. Discharge of Debt
Did you realize that when you “tender” a debt with a Federal Reserve Note, or a bank draft, check, credit card, or other forms of money as opposed to actual money, you are not in any way making payment? You simply made a promise to pay. The Constitution and the law establish that the only lawful money is gold and silver coin. You cannot lawfully make payment with anything but gold and silver coin, unless the parties agree in advance to some other form of equitable value barter exchange. An FRN has no intrinsic value and is not evidence of wealth; it is evidence of debt, and unfortunately for the one who accepts them, they are not even legitimate notes. FRNs fail the test of legitimacy for notes, because there isn’t a promise to pay anything, and they’re not redeemable for anything:
Note, n. An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of money at a specified time. A note not meeting these requirements may be assignable but not negotiable. – Black’s Law Dictionary, 6 Ed
“A note is a specific and unconditional promise to pay.” – UCC-304-I
“Intrinsically, a dollar bill is just a piece of paper.” – Modern Money Mechanics, Federal Reserve Bank of Chicago
FRNs Do Not “Make Payment.”
What exactly happens then when you make a transaction using an FRN and acquire property or services?
You have not in fact made payment, but the debt incurred for the “goods” is thereby discharged. The distinction is significant:
“There is a distinction between a debt discharged and one paid. When discharged, the debt still exists, though divested of its character as a legal obligation during the operation of the discharge. Something of the original vitality of the debt continues to exist, which may be transferred even though the transferee takes it subject to the disability incident to the discharge. The fact that it carries something which may be a consideration for a new promise to pay, so as to make an other wise worthless promise a legal obligation, makes it the subject of transfer by assignment” – Stanek v. White, 215 N.W 784
128 Fruit from a Poisonous Tree
“About all a Federal Reserve note can legally do is wipe out one debt and replace it with itself, another debt; a note that promises nothing. If anything has been paid, the payment occurs only in the minds of the parties in the idea sphere, not the real world.” – The Miracle on Main Street, by F. Tupper Saussy
A bona fide note can be used in a financial transaction to discharge the debt, only because it is an unconditional promise to pay by the issuer to the bearer. Is a Federal Reserve Note a contract note, an unconditional promise to pay? At one time the Federal Reserve issued bona fide contractual notes and certificates, redeemable in gold and silver coin. Most people never saw or comprehended the contract. It went largely unread because the Federal Reserve very cunningly hid the contract on the face of the note by breaking it up into five separate lines of text with a significantly different typeface for each line, and placing the President’s picture right in the middle of it. They even used the old attorney’s ruse of obscuring the most important text in fine print! Over time, the terms and conditions of the contract were diluted, until eventually they literally became an I.O.U. Nothing.
Lincoln and Kennedy Assassinated
By 1964, there were no more Federal Reserve Notes being issued that were redeemable for money. In fact fifty million of the very first non- redeemable notes were shipped on November 26, 1963, the very day JFK was being buried! Could there be a connection? President Kennedy had issued Executive Order 11110, on June 4, 1963, ordering the Treasury to print United States Notes. The most memorable of these notes was the $2 issue.
These notes couldn’t be redeemed for anything any more so than could Federal Reserve Notes, but at least they had not indebted the People, because they were issued without debt owing to the Federal Reserve Bank.
Abraham Lincoln also made a similar daring move, ordering the Treasury to issue paper notes (know as “Lincoln Greenbacks”) rather than borrow bank notes from the Bank of England. Both Presidents were promptly assassinated. One of the very first Executive Orders issued by Lyndon B. Johnson as newly-appointed dictator was for the mints to stop producing silver coins and to start issuing clad coins made out of copper, nickel and zinc, and other cheap metals. In this order, Johnson recalled all of the non-interest bearing scrip. Johnson was demonstrably responsible for the debauching of the U.S. currency.
“The high office of President has been used to foment a plot to destroy the Americans’ freedom, and before I leave office I must inform the citizens of this plight.” – John F. Kennedy at Columbia University, 10 days before his assassination
It is my firm belief that President Kennedy was removed by the same organization that removed Lincoln, by the same method, for the same reason. If he had not issued EO 11110 and made that statement, he most likely would have lived.
INSTITUTIONS OF BLUE SMOKE AND MIRRORS
For the past thirty years I have known that the owners of the Federal Reserve Bank control the entire world economy, not just the United States. Until only recently, however, did I understand the extent of the fraud and the far-reaching implications it presents throughout the entire world banking system. I began my research in preparation for writing High Priests of Treason: The Federal Reserve by talking to judges, bankers and attorneys about the money and banking system.
I was appalled to discover that most of those learned people did not know the truth about our money or banking system. Further, I found that schools of all levels do not teach that banks create money out of thin air. I researched throughout history, accounting, and law books on the high school and college level. The truth is not to be found there. No one I talked to knew that banks create money out of thin air, or they weren’t talking if they did.
I did find the truth verified in an unlikely source and in a form that cannot be contradicted – The Federal Reserve Bank of Chicago’s own publication, Modern Money Mechanics, and a companion comic book for young children titled The Story of Money. These books have been used as exhibits in lawsuits against banks and are no longer available.
THE TRUTH OF HOW MONEY IS CREATED
FROM THE MOUTH OF THE FEDERAL RESERVE
“Money is an ordinary, routine part of our lives. Its existence and acceptance are taken for granted by each of us every day. A user of money may on occasion sense that money must come into being either automatically as a result of economic activity and labor or as an outgrowth of government.
Mel Stamper 129
130 Fruit from a Poisonous Tree
But just how this happens all too often remains a mystery, and our schools do not attempt to lift the veil of darkness.
“The actual process of money creation takes place primarily in the bank ... In the absence of legal reserve requirements, a bank can build up deposits by increasing loans and investments so long as they keep enough currency on hand to redeem whatever amounts the holders of deposits want to convert into currency. This unique attribute of the banking business was discovered many centuries ago. (emphasis added)
“It started with goldsmiths. As early bankers, they initially provided safe keeping services, making a profit from vault storage fees for gold and coins deposited with them. People would redeem their ‘deposit receipts’ whenever they needed gold or coins to purchase something, and physically take the gold or coins to the seller who, in turn, would deposit them for safekeeping. Often, with the same banker. Everyone soon found that it was a lot easier simply to use the deposit receipts directly as a means of payment. These receipts, which became known as notes, were acceptable as money since whoever held them could go to the banker and exchange them for metallic money.
“Then, bankers discovered that they could make loans merely by giving their promises to pay, or bank notes, to borrowers. In this way, banks began to create money. More notes could be issued than the gold and coin on hand because only a portion of the notes outstanding would be presented for payment at any one time. Enough metallic money had to be kept on hand, of course, to redeem whatever volume of notes was presented for payment.
“Transaction deposits are the modern counterpart of bank notes. It was a small step from printing notes to making book entries, crediting deposits of borrowers, which the borrowers in turn could spend, by writing a check, thereby printing their own money.”
- Modern Money Mechanics – A Workbook on Bank Reserves and Deposits Expansion, Pages 2 and 3, Feb. 1994, Federal Reserve Bank of Chicago.
Reading Modern Money Mechanics will absolutely astound you and finally fill in some of your brain cavity that which was purposefully left empty by our federally-funded public educational system. Whoever authorized this booklet to be written, published, and placed into distribution is owed a great debt of gratitude. This booklet, read, understood, and acted upon by you, will return the system back to Constitutionally-sound money if you do your part to free We the People from our present economic slavery.
No comments:
Post a Comment