USA broke in 1864?

[David Merrill]

Dear Readers;


Attached is a moneyclip given me by my grandfather.


Regards,

David Merrill.

Cute David.. I have an 1863 dime that I found in a parking lot, that is minus the "broke" inscription.

Jerry.

[David Merrill]

Cool find!

Somebody was telling me how Congress is allowing us to buy and sell gold anymore. Not really true. In selling off some metal this morning (my connection was unavailable) I got a historical reminder about insolvency.

I could not sell off this silver until I produced a birth certificate. That is to say "Valid Picture ID" which of course I would need to present a birth certificate to acquire. So the government will let me use this silver as well as the FRNs I might acquire from it in trade. Of course they have to keep track of who is using thier silver. The lady was adamant that they must make a full report including my residential address.


Regards,

David Merrill.

That is interesting David.. I have also sold scrap metal in the past, and was requirred to do the same thing. They told me that the purpose of the id was to have a record of sales in the event materials were being stolen from construction sites and the such. Yeah.. right.

Jerry.

[David Merrill]

In the case of the ingot however, there is nothing different about this ingot than umpteen thousand others. So that would not be applicable.

In walking the dog and mulling it over it just seems like a form of back-labelling. I own the silver because I failed to identify myself a resident who only has use of the silver. (The silver is to residents a supersedeas bond for endorsing counterfeit "fiat" currency - FRNs.) Since precious metals have been completely replaced by cheaper metals and the coins are subclass species trailing the value of FRNs, which are not dollars, what we really have is the substance of silver and gold* is replaced by people as chattel resources. For me to get FRNs out of the silver my bond for the substance of the FRNs is not the silver I traded for them (it is as much trouble to print a $100 bill as a $1) the substance, if I would have had a picture ID would be ME, in ALL UPPER CASE letters on the photo ID. I would be the surety backing the pledge there are assets still available in the trust entity to cover (again and again) the issuance of the original "loan" that produced the FRNs in the cash register.

Come to think of it, that is what felt so wrong to me. It is conditioned into us that I was trading the silver for the FRNs. True but I was asked to pay double by pledging my life substance for the FRNs as well.

Oh well. I went to the coin shop for a favor and they refused, for whatever philosophy or doctrine. Tomorrow is another day. But this certainly puts a new twist on the idea that you can be out of the System by stocking up on gold and silver. I figure the requirement is identical in many respects to stores requiring you sign for FRNs when you get a refund. You didn't need to sign anything to pay cash, did you? The signature when receiving the FRNs is identical to endorsing the back of a check.


Regards,

David Merrill.

* Actually since you cannot eat either silver or gold, the work of getting metals from the earth is the real substance.

Based upon the presumption that the ingot was purchased with the FRN or equivalent thereof, then it is not unreasonable to conclude that the ingot itself has a lien on it per the Senate document #43 "Contracts payable in Gold", wherein it states that all property belongs to the state. This alleged fact of fiat currency is also announced on the FAQ section of the US Treasury Dept website.

I concur, that mineral directly derived from the soil is representative of the energy that is compensable in a form of "MONEY" that is openly exchanged.

Jerry.

[fulltitle]

Originally Posted by David Merrill

Cool find!
I could not sell off this silver until I produced a birth certificate. That is to say "Valid Picture ID" which of course I would need to present a birth certificate to acquire.

The lady was adamant that they must make a full report including my residential address.

WITHOUT PREJUDICE
Perhap they are looking for evidence of your consent that they can give give you scrip for substance in exchange without it being unlawful.

Of course they have to keep track of who is using thier silver.

*their* silver. Since you didnt have State ID they couldnt lawfully take the substance.

They told me that the purpose of the id was to have a record of sales in the event materials were being stolen from construction sites and the such. Yeah.. right.

Maybe they want to know who to turn to just in case you have more. Maybe they also want to know who just became less solvent.

I own the silver because I failed to identify myself a resident who only has use of the silver.

Perhaps they know its not theirs theirs and worry that their corporate veil in Emerald City might open them to a de jure and organic lynching if they took it from you and gave you FRNs.

For me to get FRNs out of the silver my bond for the substance of the FRNs is not the silver I traded for them

..it is as much trouble to print a $100 bill as a $1

Approximately 2.5 cents.

What does it take to create a washing machine? Labor of both the mental kind and physical kind. It is hard work from start to finish. What does it take to create those federal reserve notes Mr. Banker "loans" out in America? About 2.5 cents per bill regardless of the size of the bill.

if I would have had a picture ID would be ME, in ALL UPPER CASE letters on the photo ID. I would be the surety backing the pledge there are assets still available in the trust entity to cover (again and again) the issuance of the original "loan" that produced the FRNs in the cash register.

Or perhaps they want a restatement or statement of insolvency to start fresh from.

But this certainly puts a new twist on the idea that you can be out of the System by stocking up on gold and silver.

Indeed. In essence perhaps they are telling you: "You are out, show us that you are in again."

I figure the requirement is identical in many respects to stores requiring you sign for FRNs when you get a refund. You didn't need to sign anything to pay cash, did you? The signature when receiving the FRNs is identical to endorsing the back of a check.

I was mulling over the same notion concerning rebates--that the rebate forms are possibly monetized and the 'consumer' is footing the bill: thats why it says "only to consumers" "only for US residents".

National Bank Balance Sheet

Assets.....................|...................... Liabilites

Money....................|......................Sc orecard of what National Bank owes

Value......................|...................... Worthless

Labor......................|...................... Promise to labor

Gold.......................|...................... lead

Silver.....................|...................... paper

The Funds..... ........|.....................deposit account, transaction account

Dollars ..................|......................Federal Reserve Note Credits

Federal
Reserve
Notes......................|...................... Federal Reserve Note Credits

[mrg]

Excellent discussion, thanks.



http://commonlawvenue.com/Misc/payable in gold.pdf