Galt's Gulch

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  • Posted by jetgraphics 8 years, 10 months ago
    When FDR suspended redemption of Federal Reserve notes with lawful money (gold coin), it ended normal government and began the EMERGENCY that bypassed the USCON.

    STATE OF EMERGENCY
    . . . .
    http://en.wikipedia.org/wiki/State_of...
    As of October 2014, thirty states of emergency remain in effect, one reaching as far back as the Roosevelt Administration.

    United States, Senate Report 93-549 states: "That since March 09, 1933 the United States has been in a state of declared national emergency." Proclamation No. 2039 declared by President Franklin D. Roosevelt on March 9, 1933. This declared national emergency has never been revoked and has been codified into the US Code (12 U.S.C. 95a and b).
    . . . .
    Senate Report 93-549
    https://archive.org/stream/senate-rep...
    War and Emergency Powers Acts
    "A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."

    FREEDOMS ... GUARANTEED BY THE CONSTITUTION ... HAVE BEEN ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...
    . . .

    http://www.treasury.gov/resource-cent...
    ". . .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. . . ."
    [] FRNs are not redeemable since 1933 (a violation of Title 12 USC Sec 411);
    [] Government is therefore bankrupt;
    [] FRNs are worthless;
    [] FDR confiscated all lawful money in 1933
    [] The fat lady sang
    . . .

    Constitutional U.S.A. (1787 - 1933) R.I.P.
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  • Posted by $ MichaelAarethun 8 years, 10 months ago
    I don't know it's awful unhandy I make mine with magnetic notations...

    Money is just a symbolic and acceptable representation of the value of your work. It's useful for trading that value for some other value.

    Wealth is money in excess of current need.

    Nothing more complicated than that.

    When people start refusing to honor it in any form it's a problem

    So we went from gold standard to full faith and credit standard (which as phrase has nothing to do with financial concerns) by way of credit which the USA has none and faith which is long gone except for zero interest t bills to the fear standard FEAR and everyone is hoping their fears won't materialize ....but they are....and have been. Did you like that 35% cut in buying power they called a Great Recession?

    All it takes is for some little kid to shout The Emperor Has No Clothes.

    But it's the fear of a total collapse that is the standard now so everyone is living a life.

    And it ain't over yet.
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