Federal Reserve Notes Information Repository

[fulltitle]

Without Prejudice.

What are Federal Reserve notes and how are they different from United States notes?
Federal Reserve notes are legal tender currency notes. The twelve Federal Reserve Banks issue them into circulation pursuant to the Federal Reserve Act of 1913. A commercial bank belonging to the Federal Reserve System can obtain Federal Reserve notes from the Federal Reserve Bank in its district whenever it wishes. It must pay for them in full, dollar for dollar, by drawing down its account with its district Federal Reserve Bank.
Federal Reserve Banks obtain the notes from our Bureau of Engraving and Printing (BEP). It pays the BEP for the cost of producing the notes, which then become liabilities of the Federal Reserve Banks, and obligations of the United States Government.
Congress has specified that a Federal Reserve Bank must hold collateral equal in value to the Federal Reserve notes that the Bank receives. This collateral is chiefly gold certificates and United States securities. This provides backing for the note issue. The idea was that if the Congress dissolved the Federal Reserve System, the United States would take over the notes (liabilities). This would meet the requirements of Section 411, but the government would also take over the assets, which would be of equal value. Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.
Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy.

What are United States Notes and how are they different from Federal Reserve notes?
United States Notes (characterized by a red seal and serial number) were the first national currency, authorized by the Legal Tender Act of 1862 and began circulating during the Civil War. The Treasury Department issued these notes directly into circulation, and they are obligations of the United States Government. The issuance of United States Notes is subject to limitations established by Congress. It established a statutory limitation of $300 million on the amount of United States Notes authorized to be outstanding and in circulation. While this was a significant figure in Civil War days, it is now a very small fraction of the total currency in circulation in the United States.
Both United States Notes and Federal Reserve Notes are parts of our national currency and both are legal tender. They circulate as money in the same way. However, the issuing authority for them comes from different statutes. United States Notes were redeemable in gold until 1933, when the United States abandoned the gold standard. Since then, both currencies have served essentially the same purpose, and have had the same value. Because United States Notes serve no function that is not already adequately served by Federal Reserve Notes, their issuance was discontinued, and none have been placed in to circulation since January 21, 1971.
The Federal Reserve Act of 1913 authorized the production and circulation of Federal Reserve notes. Although the Bureau of Engraving and Printing (BEP) prints these notes, they move into circulation through the Federal Reserve System. They are obligations of both the Federal Reserve System and the United States Government. On Federal Reserve notes, the seals and serial numbers appear in green.
United States notes serve no function that is not already adequately served by Federal Reserve notes. As a result, the Treasury Department stopped issuing United States notes, and none have been placed into circulation since January 21, 1971.
Source: U.S. Treasury FAQ.

Got cites or other hard information about FRNs?

[fulltitle]

Without Prejudice.

The United States has issued a number of different types of currency over the years; the main difference between them is the way in which each type was backed or guaranteed. Beginning with the first small-size notes in Series 1928, the different types of currency were distinguished by different-colored Treasury seals and serial numbers. (On the large-size currency prior to 1928, colors had no particular significance.) Five distinct types have been issued as small-size notes:

Federal Reserve Notes are the only note type still printed today. They are also the type most recently introduced; they were first issued in 1914. These notes are backed by the U.S. government but issued by the twelve Federal Reserve Banks, which are required by law to maintain assets sufficient to balance all the notes issued. Small-size Federal Reserve Notes have green seals and serial numbers. Source: http://www.uspapermoney.info/general/types.html

[David Merrill]

http://friends-n-family-research.inf...ublicMoney.wmv


The video was produced to edify two commonly misunderstood points:

1) participation in FRNs as private credit is as voluntary as the jurisdiction from which they emanate: Freemasonry

2) the original notes were not US Notes (Greenbacks) but were generated by Governor Gilpin out of the Territorial Capital in the video, which is now part of the Golden Rectangle formed of the Sacred Geometry of the Freemasons.



Regards,

David Merrill.

[charlesa6]

Originally Posted by fulltitle

Without Prejudice.


Got cites or other hard information about FRNs?

Thanks for the info. This is precisely stated.

[David Merrill]

http://friends-n-family-research.inf...ublicMoney.wmv

http://friends-n-family-research.inf...ney_case_1.jpg
http://friends-n-family-research.inf...ney_case_2.jpg
http://friends-n-family-research.inf...ll_juliard.jpg

[fulltitle]

Without Prejudice

Here's how the counterfeiting process works in today's world. Let's say that the Federal Reserve, as usual, decides that it wants to expand (i.e., inflate) the money supply. The Federal Reserve decides to go into the market (called the "open market") and purchase an asset. It doesn't really matter what asset it buys; the important point is that it writes out a check. The Fed could, if it wanted to, buy any asset it wished, including corporate stocks, buildings, or foreign currency. In practice, it almost always buys U.S. government securities.

Let's assume that the Fed buys $10,000,000 of U.S. Treasury bills from some "approved" government bond dealer (a small group), say Shearson, Lehman on Wall Street. The Fed writes out a check for $10,000,000, which it gives to Shearson, Lehman in exchange for $10,000,000 in U.S. securities. Where does the Fed get the $10,000,000 to pay Shearson, Lehman? It creates the money out of thin air. Shearson, Lehman can do only one thing with the check: deposit it in its checking account at a commercial bank, say Chase Manhattan. The "money supply" of the country has already increased by $10,000,000; no one else's checking account has decreased at all. There has been a net increase of $10,000,000.

But this is only the beginning of the inflationary, counterfeiting process. For Chase Manhattan is delighted to get a check on the Fed, and rushes down to deposit it in its own checking account at the Fed, which now increases by $10,000,000. But this checking account constitutes the "reserves" of the banks, which have now increased across the nation by $10,000,000. But this means that Chase Manhattan can create deposits based on these reserves, and that, as checks and reserves seep out to other banks (much as the Rothbard Bank deposits did), each one can add its inflationary mite, until the banking system as a whole has increased its demand deposits by $100,000,000, ten times the original purchase of assets by the Fed. The banking system is allowed to keep reserves amounting to 10 percent of its deposits, which means that the "money multiplier" – the amount of deposits the banks can expand on top of reserves – is 10. A purchase of assets of $10 million by the Fed has generated very quickly a tenfold, $100,000,000 increase in the money supply of the banking system as a whole. http://www.lewrockwell.com/rothbard/frb.html

[David Merrill]

Where does the Fed get the $10,000,000 to pay Shearson, Lehman? It creates the money out of thin air.

That is the most insideous presumption I have ever heard. The bonds are initiated by people endorsing the new forms - of private credit (images attached).

[Levi Philos]

The 1833 William Gouge report to President Andrew "Stonewall" Jackson is now in pdf format and found here: http://www.complementarycurrency.org...eport_1833.pdf
246 Kb, 64 pages. The notes are numbered and found at the end of the document, but the notes are not live links.

Historical Note on Jackson’s Presidency

1832: President Andrew Jackson (the 7th President of the United States from 1829 to 1837) runs the campaign for his second term in office under the slogan, "Jackson And No Bank!" This is in reference to his plan to take the control of the American money system to benefit the American people, not for the profiteering of the Rothschilds.

1833: President Andrew Jackson starts removing the government's deposits from the Rothschild controlled, Second Bank of the United States and instead deposits them into banks directed by democratic bankers.

This causes the Rothschilds to panic and so they do what they do best, contract the money supply causing a depression.

President Jackson knows what they are up to and later states, "You are a den of thieves and vipers, and I intend to rout you out, and by the Eternal God, I will rout you out."

[David Merrill]

Originally Posted by Levi Philos

The 1833 William Gouge report to President Andrew "Stonewall" Jackson is now in pdf format and found here: http://www.complementarycurrency.org...eport_1833.pdf
246 Kb, 64 pages. The notes are numbered and found at the end of the document, but the notes are not live links.

Historical Note on Jackson’s Presidency

1832: President Andrew Jackson (the 7th President of the United States from 1829 to 1837) runs the campaign for his second term in office under the slogan, "Jackson And No Bank!" This is in reference to his plan to take the control of the American money system to benefit the American people, not for the profiteering of the Rothschilds.

1833: President Andrew Jackson starts removing the government's deposits from the Rothschild controlled, Second Bank of the United States and instead deposits them into banks directed by democratic bankers.

This causes the Rothschilds to panic and so they do what they do best, contract the money supply causing a depression.

President Jackson knows what they are up to and later states, "You are a den of thieves and vipers, and I intend to rout you out, and by the Eternal God, I will rout you out."

The Thirteenth Amendment was first proposed in 1811 but found on the books in 1867 and later...


http://friends-n-family-research.inf...l_6744_969.jpg
http://friends-n-family-research.inf...l_6744_970.jpg
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http://friends-n-family-research.inf...l_6744_974.jpg

[idknow]

Originally Posted by Levi Philos

The 1833 William Gouge report to President Andrew "Stonewall" Jackson is now in pdf format and found here: http://www.complementarycurrency.org...eport_1833.pdf
246 Kb, 64 pages. The notes are numbered and found at the end of the document, but the notes are not live links.

Historical Note on Jackson*s Presidency

1832: President Andrew Jackson (the 7th President of the United States from 1829 to 1837) runs the campaign for his second term in office under the slogan, "Jackson And No Bank!" This is in reference to his plan to take the control of the American money system to benefit the American people, not for the profiteering of the Rothschilds.

1833: President Andrew Jackson starts removing the government's deposits from the Rothschild controlled, Second Bank of the United States and instead deposits them into banks directed by democratic bankers.

This causes the Rothschilds to panic and so they do what they do best, contract the money supply causing a depression.

President Jackson knows what they are up to and later states, "You are a den of thieves and vipers, and I intend to rout you out, and by the Eternal God, I will rout you out."

man oh man, tell me it's obvious that President Jackson is our brother in christ

LOL

no one can quote what they dont know - Jackson spoke it well!!!

cant wait to meet him!