Should the United Nations Be Allowed To Disarm Amerika ??ns

The Federal Reserve issues fiat currency that by law must be redeemed by the US treasury. This is not the same as borrowing. (Section 411 of Title 12 of the United States Code )

 

TITLE 12 > CHAPTER 3 > SUBCHAPTER XII > § 411

§ 411. Issuance to reserve banks; nature of obligation; redemption

Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.

when was the last time you redeemed? at the discretion sounds much like control and obligations of the united states means liability.how is that not a loan? by definition, if you issue the credit you have subrogated all of the rights to the spoils.


TITLE 12 > CHAPTER 3 > SUBCHAPTER XII > § 412

§ 412. Application for notes; collateral required

Any Federal Reserve bank may make application to the local Federal Reserve agent for such amount of the Federal Reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal Reserve agent of collateral in amount equal to the sum of the Federal Reserve notes thus applied for and issued pursuant to such application. The collateral security thus offered shall be notes, drafts, bills of exchange, or acceptances acquired under section 92, 342 to 348, 349 to 352, 361, 372, or 373 of this title, or bills of exchange endorsed by a member bank of any Federal Reserve district and purchased under the provisions of sections 348a and 353 to 359 of this title, or bankers’ acceptances purchased under the provisions of said sections 348a and 353 to 359 of this title...

 

So. Is this a discussion of libertarianist Conservative Bonding determinations of interest rates, based on the governance by theory that makes all of the IMF, World Bank, and loans for national privacy in Gold Issues go to hell? Or does it address real problems at the Republican convention, <too little>: practical ways(?).

 

Modern Money Mechanics:

http://www.rayservers.com/images/ModernMoneyMechanics.pdf

"Who Creates Money?
Changes in the quantity of money may originate with actions of the Federal Reserve
System (the central bank), depository institutions (principally commercial banks), or the
public. The major control, however, rests with the central bank.
The actual process of money creation takes place primarily in banks.(1) As noted
earlier, checkable liabilities of banks are money."

 

Because the notes are a representation of a portion of the Gross National Product, so when the Fed reserve issues the notes the US treasury has an obligation to uphold them as currency. I can see how one can say it is similar to a loan, but I disagree that it IS a loan.

 

republican convention? whoever controls the credit controls the assets and controls the substantive and financial decision making. those institutions are the ones that control the administrators over here...

 

bottom line, obligation is a duty, and that is because of securities outstanding, i.e. indenture\, anyway you want to spin that...exactly, stock...the reason they are upholding it as currency is because it has lost its ability to control and administrate management affairs on it's own and are now forced to do so without internal say so from outside sources...

 

to produced fed notes at all there has to a pledge offered, security. the treasury issues bonds to get any credit. this code has nothing to do with what i'm talking about, the bonds are obligations of the united states. not sure how that is not borrowing. federal reserve says that..

 

If you were talking about bonds, you should have said bonds, not federal notes.

 

the bonds are issued to get the notes. sorry for not being clearer. my bad I thought we were talking about the same thing. notes are payable to bearer, but can u guess what the collateral or surety is for the notes since they are obligation of treasury and the united states is the guarantor?

 

I think we derailed this thread man. lol

Balbus is gonna kick our respective asses.

 

lol could be, i thought it was going somewhere.. my point was if u don't control or have the right to control something, how are you going to say who can or cannot do something. if u stop taking the benefits, then u may have something...

 

i found a dime on the sidewalk today

 

Im confused. Are you saying this conversation is not relevant to the topic?

 

"We know the common place remarks made; we should (n't) trust the powers that BE. ..." Gold is boullion, and gold is coin. Get it. We've beat the system by now.



I remember what I wanted to say: besides, politically the problem is for the economic set of progressive Economists telling the truth only to themselves.

The truth is about 'Sacks and Goldmann' really doing a good job.


nt implies ns. But the United Nations is a doing a bad job telling the truth about mostly, I believe, it was Africa.

 

not sure if we are talking about the same thing here. almost positive. i don't trust the average person on the street. the "ptb" have no duty to do anything for me so I expect nothing. political is management, which is foreign.

 

LOL, PTB or PCB?

 

LOL PTB, powers that be...

 

You see. Camus could say now: I thought that was the interviewed economist, corrupt and all.

 

nah, i'm stating the extent of my understanding of economics