Comment

Comment by olde reb on April 21, 2014 at 5:02pm

 

I believe what you are referring to with “currency of America” is identified in bold letters on each document as FEDERAL RESERVE NOTE. A “note” is an indication of a debt. The instrument is a debt of the Federal Reserve system. The FR Board of Governors has administrative and regulatory control of the 12 Federal Reserve bank franchisees. The owners of the BOG are suspected to be Wall Street bankers but have never been publicly or judicially confirmed. The document is an indication of debt of the owners of the FR system.

The document is further identified as a legal tender. A tender is an offer of a good or service as an alternate to what the original contract established. The original contract was denominated in dollars. By law, the tender must be accepted as a substitute for the contracted dollars. While it is denominated in dollars it is not a dollar. A dollar is legally defined as XXX grains of fine silver. The FR Notes used to have the caveat “redeemable in lawful dollars.”

The contract, whether written or understood, is that the Treasury security given to the Federal Reserve as collateral for the book entry creation of fiat money by the FRBNY (deficit spending which will be spent by the U.S. Treasury) will be repaid with interest. Since every “dollar” of book entry money is created as part of the National Debt, the interest to pay the principal does not exist. (The fractional reserve multiplier by commercial banks does not negate this mathematical inescapable fact.) The national debt can never be paid. This is the essence of a Ponzi scheme. The contract is impossible to culminate—it is an act of fraud and is void from its inception. Ref. www.scribd.com/oldereb FEDERAL RESERVE HEIST.