When Congress borrows money on the credit of the United States, bonds are thus legislated into existence and deposited as credit entries in Federal Reserve banks. United States bonds, bills and notes constitute money as affirmed by the Supreme Court (Legal Tender Cases, 110 U.S. 421), and this money when deposited with the Fed becomes collateral from whence the Treasury may write checks against the credit thus created in its account (12 USC 391). For example, suppose Congress appropriates an expenditure of $1 billion. To finance the appropriation Congress creates the $1 billion worth of bonds out of thin air and deposits it with the privately owned Federal Reserve System. Upon receiving the bonds, the Fed credits $1 billion to the Treasury’s checking account, holding the deposited bonds as collateral. When the United States deposits its bonds with the Federal Reserve System, private credit is extended to the Treasury by the Fed. Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be returned to the lender or Fed. Since Congress authorizes the expenditure of this private credit, the United States incurs the primary obligation to return the borrowed credit, creating a National Debt which results when credit is not returned.«
Posts Tagged ‘Democracy’
Public Money vs Private Credit
February 26, 2009THE FEDERAL RESERVE-LINKS
February 14, 2009THE FEDERAL RESERVE LINK
Be careful…..the Truth will set you FREE!
1. Here’s To You, Andrew Jackson… The Federal Reserve Is a Monster Home Page Two News Portal Forum Stocks Weather Links HERE’S TO YOU, ANDREW JACKSON THE FEDERAL RESERVE IS A MONSTER By: Joe Sansone All Hail, Alan… URL: http://etherzone.com/2002/sans100102.shtml – 20KB
2. Repeal the Federal Reserve Act… Time To Rid Ourselves of This Private Cartel REPEAL THE FEDERAL RESERVE ACT TIME TO RID OURSELVES OF THIS PRIVATE CARTEL By: Chuck Morse A simple majority vote in both houses of Congress is all… URL: http://etherzone.com/2001/mors072401.shtml – 14KB
3. The Dueling Twins… Ostrich THE DUELING TWINS AIRPORTS By: James Hall vs. James Hall Point: Time To Federalize Airport Security Commercial airliners are the largest and most… URL: http://etherzone.com/2001/twin110201.shtml – 22KB
4. Our Government’s ‘Federal Reserve’ Is Unconstitutional OUR GOVERNMENT’S ‘FEDERAL RESERVE’ IS UNCONSTITUTIONAL By: Gordon Bishop Who owns the Federal Reserve and why do we allow the Federal Reserve to… URL: http://etherzone.com/2007/bish032707.shtml – 27KB
5. The Federal Reserve System… How It Robs You Blind Home Page Two News Portal Forum Stocks Weather Links THE FEDERAL RESERVE SYSTEM HOW IT ROBS YOU BLIND By: Jim Moore Let’s start at the beginning, so… URL: http://etherzone.com/2004/moor113004.shtml – 14KB
6. Federal Economic Parastitism… The Solari Solution Home Page Two News Portal Forum Stocks Weather Links FEDERAL ECONOMIC PARASTITISM THE SOLARI SOLUTION By: Catherine Austin Fitts The real deal in US… URL: http://etherzone.com/2003/fitt050503.shtml – 32KB
7. Federal Agencies: The Real Threat Home Page Two News Portal Forum Stocks Weather Links FEDERAL AGENCIES: THE REAL THREAT By: Joe Blow What would you call someone who exhibits the… URL: http://etherzone.com/2002/blow070102.shtml – 19KB
8. Hysterical Loudmouth Activists… Who’s Afraid of John Ashcroft? HYSTERICAL LOUDMOUTH ACTIVISTS WHO’S AFRAID OF JOHN ASHCROFT? By: Ryan McMaken With the nomination of John Ashcroft to be Bush’s Attorney… URL: http://etherzone.com/2001/mcma012401.shtml – 14KB
9. A View of Federal Airline Security… For My Liberal Comrades A VIEW OF FEDERAL AIRLINE SECURITY FOR MY LIBERAL COMRADES By: William Kaliher Dear liberal reader, being a truly compassionate conservative, I once… URL: http://etherzone.com/2001/kali112701.shtml – 22KB
10. Ten Points For Sensible Government… Take Your Best Shot At Sartre Home Page Two News Portal Forum Stocks Weather Links TEN POINTS FOR SENSIBLE GOVERNMENT TAKE YOUR BEST SHOT AT SARTRE By: SARTRE Those of you who… URL: http://etherzone.com/2002/sart061302.shtml – 24KB
11. We Don’t Need Income Tax… The Federal Reserve Fraud Home Page Two News Portal Forum Stocks Weather Links WE DON’T NEED INCOME TAX THE FEDERAL RESERVE FRAUD By: Alan Stang Last week, we looked at the… URL: http://etherzone.com/2003/stang082203.shtml – 22KB
12. The Pinnacle of Power… The Federal Reserve and the Question of Currency Home Page Two News Portal Forum Stocks Weather Links THE PINNACLE OF POWER THE FEDERAL RESERVE AND THE QUESTION OF CURRENCY By: Joe Sansone In… URL: http://etherzone.com/2002/sans073102.shtml – 16KB
13. More Than Half Socialist… Both Taxes and Spending Must Be Cut MORE THAN HALF SOCIALIST BOTH TAXES AND SPENDING MUST BE CUT By: W. James Antle III Milton Friedman recently observed that government spending and… URL: http://etherzone.com/2001/antl042501.shtml – 18KB
14. Federal Robbery… Now Will You Go Offshore? FEDERAL ROBBERY NOW WILL YOU GO OFFSHORE? By: Alan Stang By now you know that the administration of Communist world government terrorist Jorge W…. URL: http://etherzone.com/2007/stang113007.shtml – 28KB
15. The Fed On Steroids… New Authority and Power THE FED ON STEROIDS NEW AUTHORITY AND POWER By: Geoff Metcalf “Giving money and power to government is like giving whiskey and car keys to… URL: http://etherzone.com/2008/metc033108.shtml – 26KB
16. Death and Taxes… Be a Revolutionary! DEATH AND TAXES BE A REVOLUTIONARY! By: Ron Marr I’m a firm believer in the theory of “if it ain’t broke , don’t fix it.” Unfortunately,… URL: http://etherzone.com/2001/marr052401.shtml – 13KB
17. Expansion of Federal Powers… The Big Power Grab, Tomorrow’s Nightmare EXPANSION OF FEDERAL POWERS THE BIG POWER GRAB, TOMORROW’S NIGHTMARE By: W. James Antle III Americans recently gathered to reflect on what they had… URL: http://etherzone.com/2001/antl120301.shtml – 16KB
18. Ulterior Motives… Is Corporate Chaos a Tool of Government? Home Page Two News Portal Forum Stocks Weather Links ULTERIOR MOTIVES IS CORPORATE CHAOS A TOOL OF GOVERNMENT? By: Ed Henry Democrats and Republicans… URL: http://etherzone.com/2002/henr071802.shtml – 16KB
19. Who Is Guilty of Fraud?… We’ve Been Hoodwinked Home Page Two News Portal Forum Stocks Weather Links WHO IS GUILTY OF FRAUD? WE’VE BEEN HOODWINKED By: Albert V. Burns It seems it is virtually… URL: http://etherzone.com/2002/burn081202.shtml – 18KB
20. Debit Black Holes… And Money Laundering DEBIT BLACK HOLES AND MONEY LAUNDERING By: Ed Henry Trust funds managed by the federal government are nothing but negative debit accounts, black… URL: http://etherzone.com/2000/henr111000.html – 18KB
21. Another Government Scandal… Another Accounting Dodge! Home Page Two News Portal Forum Stocks Weather Links ANOTHER GOVERNMENT SCANDAL ANOTHER ACCOUNTING DODGE! By: Ted Lang Back on May 2 nd , Joseph J…. URL: http://etherzone.com/2003/lang090203.shtml – 23KB
22. Tyranny… In Black Robes Home Page Two News Portal Forum Stocks Weather Links TYRANNY IN BLACK ROBES By: Phil Brennan “…the opinion which gives to the judges the… URL: http://etherzone.com/2003/bren100103.shtml – 24KB
23. Is the Constitution Ignored? Law of the Land IS THE CONSTITUTION IGNORED? LAW OF THE LAND By: W. James Antle III Sen. John Ashcroft’s loss to a dead man in the Missouri Senate… URL: http://etherzone.com/2000/antl112700.html – 14KB
24. What’s Good For the Goose WHAT’S GOOD FOR THE GOOSE By: Ed Henry The Federal Government does for its employees…what it will not do for its citizens For some time now, the… URL: http://etherzone.com/1999/henr110199.html – 13KB
25. Tax Hikes Coming?— The Establishment’s Wish Home Page Two News Portal Forum Stocks Weather Links TAX HIKES COMING? THE ESTABLISHMENT’S WISH By: Murray Sabrin The federal government will add $5… URL: http://etherzone.com/2003/sabr102103.shtml – 15KB
I Am An American!
December 8, 2008 I Am An American!
by Chuck Baldwin
July 18, 2008
Free republics are not known to have long life expectancies. At the ripe old age of two hundred and thirty-two, America is definitely showing her age. She is long past her prime, and some are predicting her demise. No, some are PLANNING her demise.
Thomas Jefferson and the other founders of this once-great country believed there was a controlling cabal that was crafting America’s servitude. With the assistance of Heaven, they decided to fight those forces. Pastors fought with fiery sermons from the pulpit; newsmen fought with the power of the pen; statesmen fought in the halls of Congress; and merchants fought with the sacrifice of their material gain. Together, they lifted Lady Liberty to her feet and defeated the powers of darkness.
It took the global elite a long time to recover, but they have reemerged with a vengeance. They are now on the precipice of accomplishing what their great granddaddies failed to do: bring the “Liberty or Death” colonists under their power and control.
Sadly, we no longer have the will to resist servitude. Our pulpits are too busy preaching a prosperity gospel; newsmen are in bed with the forces they once disdained; statesmen have been replaced with opportunistic, self-serving politicians; and merchants know no god but money. Hence, it is left to a small–and I mean very small–remnant to sound the clarion call for freedom and independence. Unfortunately, few seem to be listening to their cries.
2010 seems to be a banner year for these designers of despotism. That is the target year for the implementation of the North American Community, which will commercially unite the United States with Canada and Mexico. The global elite suffered a minor setback when the U.S. Senate failed to pass the Bush/McCain/Kennedy/Graham amnesty-for-illegal-aliens bill. But if you think that John Mccain is going to let that bill lie on the floor of defeat, you don’t understand these people. Should McCain become President, He will do everything he can to implement some kind of amnesty law. Barack Obama will do the same. The reason? It is essential to the designers of despotism that our borders be eliminated.
Yes, I am saying it: George W. Bush, John McCain, and Barack Obama are part of the global elite that seeks America’s entrance into an international New World Order. In fact, neither Presidential candidate from the two major parties will offer any resistance to this obstinate and oppressive oligarchy.
Perhaps one day the American people will wake up and realize that they are being led as sheep to the slaughter. I’m just not sure that it will be soon enough, however. 2010 is just around the corner.
There seems to be only one obstacle standing in the way of the globalists: America’s citizens are the most heavily armed people in the world. That fact must surely stick in the throats of the globalists like a chicken bone.
Thank God that America’s founders put the Second Amendment in the Constitution. Without America’s deep-rooted commitment to the right of the people to keep and bear arms, we would have been sold into slavery decades ago.
Without the intellectual understanding of the principles of freedom and the moral resolve to maintain those principles, however, guns, by themselves, will only protect us for so long. In the end, our strength and protection come from God, and not too many people these days seem to be interested in His opinion.
Lady Liberty is walking very gingerly these days, and the path she treads is laden with traps and quicksand. The globalists have their handpicked puppets positioned to take up where The Three Amigos (George Bush I, Bill Clinton, and George Bush II) have left off. The pieces of the puzzle are almost all in place. 2010 just might be the year that Lady Liberty lowers her torch, folds her arms, and falls fast asleep.
For what it is worth, however, I pledge no loyalty to this emerging New World Order. Neither will I let Lady Liberty die without a fight. I will say it again: the battle today is not between conservatives and liberals or Republicans and Democrats. It is a battle between Americans and globalists. And, Ladies and Gentlemen, I am an American!
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© Chuck Baldwin
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The Federal Reserve and you 