Monday, October 22, 2007

United States Notes


You are saying there are two pieces of paper...both look similar...One is a Federal Reserve note...the other is a United states note...Both decreed (fiat or by decree) to be legal tender...but according to you one of them...the United States note is also Lawful money...

Ok remedy...

The above conversion of your Federal Reserve notes into United States notes...Not Dollars...IOU's...convert IOU's issued by one source into IOU's issued from another...

Then there is the GOLD is money remedy...Convert your Federal Reserve notes into gold or silver coinage...A very simple operation...visit your local coin dealer...No need to jump through hoops in court or play any other games...

You get a coin that has face value like the notes above and the content of Silver or Gold...unlike the above notes which are paper...

If the face value of the coin fails you then you have the content...On the above notes...If the face value fails you...you are left with content which is paper coated with ink...

Which remedy is better?

I choose the coins constructed out of silver and gold...that's the best remedy.

Coins constructed out of lesser metals are even superior to paper and more useful...

So again I still don't see how your so called remedy is better than the one that already exists...

To attempt to turn people away from the current remedy towards your remedy means that you have something to gain by doing that...

And while I know gold by itself is not money...Gold and silver certainly make better money than United States notes since the vast majority of civilizations used silver and gold as money for 1000's of years...I can find zero evidence that United states notes were used as money by the vast majority of the pre existing civilizations...

As far as I can tell...United States notes were created out of thin air sometime prior to 1900...

"The establishment of the Bureau of Engraving and Printing can be traced as far back as August 29, 1862, to a single room in the basement of the main Treasury building where two men and four women separated and sealed by hand $1 and $2 United States Notes which had been printed by private bank note companies."

United States notes printed up by private banknote companies...

So what you are saying is that to escape a pile of IOU's from a printing press you just exchange them for a pile of IOU's from a printing press...

So far after multiple threads...That's where we still are...

Or you could do like they do over at Gold is Money...convert your Federal reserve notes into Gold and/or silver...

I support the gold is money remedy...It's a proven method...a proven remedy.

and it's simple...

Step One...go to your nearest coin shop...

Step Two...say...hey...see those coins over there Issued by the US Government?...I would like to exchange these Federal Reserve Notes for them...

Ok says the coin dealer...

Step Three...Get your coins and say...Cya, thanks...then go home...

But that's too much fooling around...your method is more simple than that and superior...Right?

It's just that our minds have been conquered and you are having a tough time attempting to punch holes through our thick heads so that your light can penetrate so that we all say...holy cow...I see the light...remedy.



So far you say exchanging one piece of paper for another is remedy...

That's it...You think that is a remedy...I know it is not...That is all I'm pointing out...

Dialogue? About what?

"So there you have it. That is what happens whenever a bank wants to get out of the Federal Reserve system. Just redeem your notes in lawful money - by definition, US notes shall be lawful money. Not FRNs."

United States Code

§ 5103. Legal tender

United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

Nothing in there about United states notes...That most likely falls under currency.

"The establishment of the Bureau of Engraving and Printing can be traced as far back as August 29, 1862, to a single room in the basement of the main Treasury building where two men and four women separated and sealed by hand $1 and $2 United States Notes which had been printed by private bank note companies."

It's now a department within the treasury system...And they print the FEDERAL RESERVE Notes...

Now you are saying that all that has to be done is that the US Government either nationalize the FEDERAL RESERVE system or create a new central banking system from scratch and instead of printing Federal Reserve Notes...print United states notes...

There problem solved.

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