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07. Federal Reserve Banking System | Money | Sovereign’s Handbook

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By Johnny Liberty

The Federal Reserve Bank (FRB) was originally based on the Vatican’s Canon law, and the principles of sovereignty established by the Declaration of Independence and codified in the U.S. Constitution with the Bill of Rights. 

Federal Reserve as Joint Stock Trust

In fact, the private international bankers used a “Canon Law Trust” as their model, adding private stock and renaming it as a Joint Stock Trust. Eric Madsen asserted that it was a type of corporation.

In 1873, the U.S. Congress had passed a law making it illegal for any legal “person”to create a Joint Stock Trust. The Federal Reserve was legislated post-facto to 1870, despite the fact that post-facto laws were strictly forbidden by the U.S. Constitution [1:9:3].

“This [Federal Reserve Act] establishes
the most gigantic trust on Earth.
When the President [Wilson] signs this bill
the invisible government of the Monetary Power will be legalized…
the worst legislative crime of the ages will be perpetrated by
this banking and currency bill.”
~ Congressman Charles A. Lindbergh, Sr. (1913)

To this day, the Federal Reserve Bank (FRB) remains a United States, European and Global Power structure separate and distinct from the federal U.S. government corporation operating entirely outside the bounds of the U.S. Constitution. 

The Federal Reserve Bank (FRB) is a maritime lender and insurance underwriter to the federal U.S. government corporation, that operates exclusively under international “Admiralty/Maritime” law.

The maritime lender or insurance underwriter bears all the risks, and Admiralty/Maritime law compels specific performance by paying the annual interest due, or insurance premiums. 

All the assets of the debtor nation state, such as the federal U.S. government corporation, can be “hypothecated”, in other words, pledged as security to pay the federal /national debt by the maritime lender or insurance underwriter. Alarmingly, all the assets of the people of the united states have been “hypothecated” against both present and future “debt (Ø)” that is to be paid one day whenever the note is called.

The Federal Reserve Act of 1913 stipulated that the interest on the federal/national debt was to be paid in gold not in “paper money substitutes (Ø)”. There was no stipulation in the Federal Reserve Act whatsoever for ever paying down the principle on the loan. Thus, an un-payable federal/national “debt (Ø)” was instituted from the inception of the Act. Indeed, this seems crazy, but it is true.

The Federal Reserve Act was never challenged in a U.S. court of competent jurisdiction which would be have been under “Admiralty/Maritime” law. 

The Federal Reserve Bank (FRB) is a sovereign Joint Stock Trust fully independent of the federal U.S. government. It does not file a tax return or pay any “taxes”. It is not subject to Title 5, USC or to the scrutiny of the General Accounting Office (GAO). It had never filed statements of assets on any information form until recently kudos to former U.S. Congressmen Ron Paul (R-TX).

“Federal Reserve bonds, including the 
capital stock and surplus therein 
and the income there-from,
shall be exempt from federal, state and
local taxation, except taxes upon real estate.”
~ 12 USC 531

Not Federal and Nothing in Reserve

The name of the Federal Reserve Bank (FRB), in other words, the “FED”, is deceptive. There is nothing “federal” about the Federal Reserve Bank (FRB) because it is not part of the federal U.S. government. In the Washington D.C. phone directories of yore, the Federal Reserve Bank (FRB) was never listed under U.S. government offices.  

There is nothing held on “reserve” in the Federal Reserve Bank (FRB).  They project the appearance of being a “system” of regional offices to shift the appearance of power away from Wall Street, but essentially the power is centralized in the Board of Governors. They are not a “bank” because they do not deal with real, constitutional “money ($)”, but only “fiat (Ø)” money. 

The stated mission of the Federal Reserve Bank (FRB) was to stabilize banking, but if one analyzes their track record, it has not achieved the stated objectives. It was never the objective of the Federal Reserve Bank (FRB) in the first place. Instead it was a deceptive ploy to get the legislation passed and signed by the U.S. President with a minimum of resistance from the people. 

The Federal Reserve Bank (FRB) did, however, achieve the cessation of private capital formation in the hands of We the People by eliminating both the gold (1934) and silver (1968) standards for domestic currency, thus centralizing the power of capital formation in the hands of private international banking cartels.

“The main purpose for establishing 
a central banking system in the United States 
of America was to ultimately confiscate 
100% of the property and assets
of the American people.” 
~ Johnny Liberty

Passing the Federal Reserve Act

The Federal Reserve Act of 1913 was passed over a Christmas vacation on December 22, 1913 with merely ten legislative members in session. This was hardly a legal quorum for passing legislation by any stretch of the imagination. 

Most of the U.S. Congress was adjourned for the Christmas holidays. Furthermore, “U.S. citizens”, sovereign “state” Citizens, Congress and the President had been fooled by a well-orchestrated propaganda and media campaign into believing that the private international bankers and the Wall Street “money trust” were opposed to the legislation. 

Through clever political manipulation, propaganda and a knee-jerk reaction by the press, many of our leaders walked into a well-designed trap to support the Federal Reserve Act of 1913 despite its lack of legal quorum. U.S. President Woodrow Wilson signed the Act under considerable pressure and later regretted his signing the Act by saying. “I am a most unhappy man, unwittingly I have ruined my country.”

“The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency…I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.” ~ Henry Cabot Lodge, Sr. (1913)

We the People Were Our Own Bankers

Before the Federal Reserve Act of 1913 was passed into law, many people owned their own land free and clear of any bank liens, encumbrances or mortgages. We retained sovereign“allodial” title to property with all rights therein. 

Conventional mortgages, where one could borrow money to pay for a piece of land or property over the course of thirty years, did not exist. This turned out to be yet another not so subtle property confiscation scheme. 

Prior to the Act, one simply acquired land by assignment from a previous owner with a Bill of Sale, paid for in gold or silver coin or notes, then updated the “land patent“and received the true, lawful “allodial” title,which is absolute title and ownership to the land. Back then, land was not registered or recorded via an “equitable deed”.

> HYPOTHECATE – To pledge something as a security without taking possession of it.

After the Federal Reserve Act of 1913, all land and property within the federal U.S.was “hypothecated” to the Board of Governors as “Trustees” of the Federal Reserve Banking System cartel. In any Trust, the “Trustees” hold legal title, and have control over the assets of the third party or the “Beneficiaries”. 

> RE-VENUE – To shift jurisdiction from one “venue” or place to another; to shift the jurisdiction from the Republic of the united states of America to the Democracy of the federal United States corporation.

Venue and Citizenship

All that remained to seal the deal was to “re-venue” all sovereign “state” Citizens, along with their land, assets and property, then pursuant to the “Common law” jurisdiction of the united states of America, into the exclusive jurisdiction of the federal U.S. government corporation pursuant to the “Municipal law” of the District of Columbia (D.C.).

Today, the common meaning of “re-venue” is synonymous with “income”. The private international bankers, with the cooperation of the political establishment in Washington D.C., shifted the jurisdiction from one “venue” or place (united states of America) to another (District of Columbia).

After the bankers morphed the meaning of “venue”, they shifted the meaning of “citizens of the United States” from sovereign “state” Citizenship to U.S. citizenship. It was a clever, well-orchestrated slight-of-hand – a magician’s trick.

After the bankers shifted the meaning of citizenship, they made all the people believe that they were subject to paying the federal/national debt of the federal U.S. corporation pursuant to the 14th Amendment of the U.S. constitution, from that day forward, made payable to the Federal Reserve Bank (FRB) via the “income tax”. 

U.S. Government Received Unlimited Credit Line

Under the terms of the Federal Reserve Act, the Federal Reserve Bank (FRB) agreed to extend the federal U.S. government an “unlimited credit line” (paper money substitute (Ø)). The “United States” would be loaned all the funds needed by the Federal Reserve Bank (FRB) to expand the power and reach of the federal “United States” empire indefinitely.

Like any other debtor borrowing money from a creditor, the federal U.S. government had to assign collateral and security to their creditors as a condition of the loan.  So what did it do?

Since the federal U.S. government did not have any significant assets in 1913, except a small modicum of public property, the government “hypothecated” all the private land and property of their “economic slaves” (U.S. citizens), as collateral (security) against the perpetually, un-payable federal/national debt. 

The federal U.S. government, along with their principals/creditors, needed a legal contractual nexus to lure more U.S. citizens and sovereign “state” Citizens into their venue under their jurisdiction, in order to expand the pool of land and property that they could hypothecate, attach and lien. So how did they accomplish this?

By manufacturing wars (WWI, WWII and WWIII), recessions and depressions such as the Great Depression, and then luring people into the Social Security Act of 1938. This not so subtle “conspiracy” created the “welfare state”, accomplished the objectives in less than three generations.

In addition to land and property, the federal U.S. government “hypothecated”  and pledged the assets of unincorporated federal territories, national parks and forests (clear-cutting forests is a environmental policy for federal debt reduction), birth certificates (each baby child is registered as property under the U.S. Department of Commerce), as well as all for-profit and non-profit corporations (all equity is owned by the Internal Re-Venue Service), as collateral to  the Federal Reserve Bank (FRB)x. 

Lastly, but not finally, these “co-conspirators” legislated a 1% federal income tax on corporations and U.S. persons (U.S. citizens and federal U.S. employees) to pay the “interest-only” on this expanding federal/national “debt (Ø)”. In 1913, less than 1% of the people and corporations paid any federal income taxes. This original income tax was effectively repealed by the Internal Revenue Act of November 23, 1921.

“The regional Federal Reserve Banks
are not government agencies.
…but are independent, privately owned and
locally controlled corporations.”
~ Lewis v. United States, 680 F.2d 1239 (9th Cir. 1982)

The Federal Reserve Bank (FRB) is a very private, foreign entity controlled by a cartel of private international bankers. The Federal Reserve Bank (FRB) can sue and be sued in their name,  unlike actual government agencies. Each of the regional Federal Reserve Banks (FRB) carries its own liability insurance. 

Each conducts its daily activities without any direction from the federal U.S. government. Each pays local property taxes and postage, which is even more evidence of private ownership. Each had listings in telephone directories, but never under U.S. government listings. 

The actual “joint stock holders” of the Federal Reserve Bank (FRB) are held by domestic, foreign, and international central banks. According to archival sources, the following list does not reflect the actual ownership.

  1. The Rothschild’s of London and Berlin.
  2. The Lazard Brothers of Paris.
  3. Israel Moses Seif of Italy.
  4. Warburg Bank of Hamburg, Germany and Amsterdam.
  5. Kuhn, Loeb and Co. of Germany and New York.
  6. Lehman Brothers of New York.
  7. Goldman Sachs of New York.
  8. Chase Manhattan Bank of New York
  9. The Rockefeller Brothers of New York.

Formal Charges Against Federal Reserve

On May 23, 1933, U.S. Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank (FRB), the U.S. Comptroller of the Currency, and the Secretary of the U.S. Treasury for numerous criminal acts, including but not limited to, conspiracy, fraud, unlawful conversion, and treason. The following is a quote from McFadden’s famous address to the U.S. Congress in 1934.

“Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the FED. 

The FED has cheated the Government of these United States and the people of the United States out of much more than enough money to pay the Nation’s debt. The depredations and iniquities of the FED has cost enough money to pay the National debt several times over.

This evil institution has impoverished and ruined the people of these United States. The FED has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the mis-application of that law by the Fed and through the corrupt practices of the moneyed vultures who control it. Some people think that the Federal Reserve Banks are United States Government institutions. 

[To the contrary] they are private monopolies which prey upon the people of these United States for the benefit of themselves and foreign customers; foreign and domestic speculators and swindlers; plus rich and predatory money lenders. 

In that dark crew of financial pirates, there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain international propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.”

References:

  1. Wikipedia | History of the Federal Reserve;  | Federal Reserve | Who owns the Federal Reserve? “The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.” Federal Reserve SF | Is the Federal Reserve a privately owned corporation? ;  Facts Are Facts | The Federal Reserve is privately owned. Citation Needed | Federal Reserve is a Joint Stock Company Trust; Wikipedia | Canon Law; Canon Law Trust.
  2. Citation Needed | Joint Stock Trust Illegal in 1863; Constitution Congress | U.S. Constitution [1:9:3]; No Bill of Attainder or ex post facto Law shall be passed.
  3. Wikipedia | Charles A. Lindbergh, Sr.
  4. Wikipedia | Admiralty/Maritime Law (federal courts derive their exclusive jurisdiction over this field from the Judiciary Act of 1789 and from Article III, § 2 of the U.S. Constitution; Congress regulates admiralty partially through the Commerce Clause.
  5. Wikipedia | Federal Reserve Act of 1913 (text) www.federalreserve.gov/generalinfo/fract/ (text laid out in USC) www.law.cornell.edu/uscode/html/uscode12/usc_sup_01_12_10_3.html; Banking Act of 1933 and Federal Open Market Committee purpose to “promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates” (12 USC §225a).
  6. “Federal reserve banks,…shall be exempt from Federal, State, and local taxation, except taxes upon real estate.” (12 USC §531).
  7. Brainy Quote | U.S. President Woodrow Wilson.
  8. Brainy Quote | Henry Cabot Lodge, Sr.
  9. Legal Dictionary | Definition of hypothecation.
  10. New definition of “re-venue” by this author.
  11. Wikipedia | Revenue Act of 1913; Statutes at Large for 1921, p.227 www.constitution.org/uslaw/sal/042_itax.pdf
  12. Wikiquote | “Federal Reserve Bank is not a federal agency…Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region”; Lewis v. United States, 680 F.2 1239 (9th Cir. 1982) www.leadershipbygeorge.blogspot.com/2011/11/federal-reserve-is-private-corporation.html
  13. Ownership of the Federal Reserve Bank. Kuhn Loeb and Co. got its start by exploiting Indians and setting up trading posts for the pioneers; anecdote about Kuhn and Loeb sourced from Free At Last by N.A. Scott, Ph.D., D.D., pp.4-39 (federal reserve is not part of the federal government) www.rainbowwarrior2005.wordpress.com/2008/09/29/federal-reserve-owners-and-history/ 
  14. The House of Rothschid by Nial Ferguson: Amazon
  15. Speech on Federal Reserve from Louis T. McFadden in the U.S. Congress www.scribd.com/doc/16502353/Congressional-Record-June-10-1932-Louis-T-McFadden

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.30 – 35

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07. International Central Banking Cartel | Money | Sovereign’s Handbook

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By Johnny Liberty

The federal U.S. government adhered to its constitutional imperative, the law and public policy of a strict gold standard, until declaring its first bankruptcy in 1933. Previous attempts at creating a National Bank, similar to what had already been established in Europe, failed consistently from the founding of the Republic until the Federal Reserve Act of 1913 was snuck into the political landscape. 

U.S. citizens and sovereign “state” Citizens, for the most part, had become quite prosperous without a centralized National Bank and were as reluctant as the Founders to establish a National Bank. 

Artificially created bank panics in 1857, 1873, 1893 and 1907 were engineered by the banks to create the illusion of a problem that would eventually discredit the existing decentralized, state banking system, and open the door of public opinion to support a congressionally mandated central bank. 

This huge propaganda campaign was orchestrated by large, private international banking interests (J.P. Morgan, Paul Warburg, the Rothschilds) who wanted a central bank in the united states of America under their exclusive control.  

These international central bankers attempted to erode confidence in uncoordinated, localized state banking systems, with their reliance on gold-backed and silver-backed constitutionally-mandated currency. Banking interests planned, then staged a scenario whereby the federal U.S. government would have to intervene to “save the day”. 

The central bankers created certain economic events, as they still do today, to create a crisis. When bank credit expanded too quickly, at the discretion of bankers, and beyond the limits of gold and silver reserves, interest rates rose sharply, new bank credit was not available, and the economy went into a sharp, but decisive short recession.

Foreign governments gave up all attempts to coin or control money systems in the 19th century in Europe. This was not because they were incapable or incompetent, but mostly because governments did not trust each other. 

Private international bankers capably facilitated this mistrust between nation states and stepped into the vacuum to “solve the problem”. By demonstrating more fiscal responsibility, at least by appearance, than governments had, they became the economic money masters of the modern world.

To maximize centralized banker’s profits and control, they needed a scheme that would allow banks to loan money indefinitely without any limit and with no restrictions on retaining any gold or silver reserves.

“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”
~ Thomas Jefferson

Give me control of a nation’s money 
and I care not who makes the laws.”
~ Mayer Amschel Bauer

“Whoever controls the volume of money
in any country is the absolute master
of all industry and commerce.”
~ James A. Garfield

Conspiracy to Create the Federal Reserve

Under the guise of banking reform for the “money trust” supported by the National Citizen’s League for the Promotion of a Sound Banking System (NCLPS), U.S. Senator Nelson Aldrich (R-RI), had every intention of pawning off a privately controlled central bank on an unsuspecting America. NCLPS was a front organization for the private international bankers

The “money trust” wanted to create a “legal cartel” authorized by the U.S. Congress, and eventually accepted by the people, to allow the Federal Reserve Bank (FRB) to control, inflate and devalue the currency at will. With this in place, the “money trust” could expand the economy indefinitely without limit, and reap the lion’s share of the rewards.

> CONSPIRACY – To breathe together.

As documented in G. Edward Griffin’s seminal Creature from Jekyll Island, these powerful individuals and institutions clearly “conspired” in secret to establish the Federal Reserve Banking System in partnership with elected officials within the federal U.S. government.

Senator Nelson W. Aldrich, Piatt Andrew, Frank Vanderlip, Henry P. Davidson, Charles D. Norten, Benjamin Strong and Paul M. Warburg met at Jekyll Island, a resort island off the East Coast, to write the Federal Reserve Act of 1913 and strategize how to get the U.S. Congress to approve it under the noses of U.S. President Woodrow Wilson and the reluctant people of the united states of America. These seven men who gathered together that day represented more than one-fourth of the wealth of the entire Western world.

“[One of the most important aspects
in achieving communist control
is the] centralization of credit 
in the hands of the state, by means of a [centralized]
national bank with state capital and an exclusive monopoly.”
~ Karl Marx, The Communist Manifesto 

References:

  1. Quote from Thomas Jefferson www.whitlockco.com/thomas-jeffersons-top-10-quotes-on-money-and-banking/ 
  2. Wikipedia | Rothschild Family; Wikipedia | Mayer Anschel Bauer; YouTube | UN and Central Banks, a Rockefeller and Rothschilds coup d’erat. Some have claimed that the Rothschild Family owns 80% of the world’s wealth, with a net worth of $500 trillion. Snopes has disputed that claim saying their annual income was a mere 500 million in 2015; Credit Suisse Research Institute’s annual “Global Wealth Report” estimated total global wealth at 250 trillion in 2015; The House of Rothschid by Nial Ferguson: Amazon
  3. Wikipedia | James A. Garfield; Brainy Quote
  4. Wikipedia | G Edward Griffin; Creature from Jekyll Island by G. Edward Griffin (American Media, 1994); Amazon; Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, p.3/16); The Secret Agenda, American Spirit, Feb/March 1995 (on the Federal Reserve) and The Government Asset Grab by Harpreet Sandhu, American Spirit, May/June 1994 (on the scheme to steal the pension funds through re-monetization of the debt); The Historical Fight for Honest Money in the U.S. by Dr. Martin A. Larson, American Spirit, Oct/Nov/Jan/Feb, 1994-95 (how the money system actually works); Fleecing the Sheep by L.Anton, Perceptions Magazine, Fall/Winter 1993 p.6;  Debt Virus by Jacques S. Jaikaran (flaw in the American monetary system); Historical Look at Money by Muriel E. Mobley, The Spotlight, September 5, 1994, p.16 (understanding the money trick); Brave New World Bank published by Global Exchange; The Federal Reserve System by S.W. Adams; Ever Wonder Why published by Project ’93; The Ultimatum Resolution by Joseph Stumph 
  5. Wikipedia | Karl Marx; Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, p.3/17).
  6. Archive | The Bank War. U.S. President Andrew Jackson vetoed the Bank Bill of 1836; “Unless the corrupting monster should be shraven with its ill gotten power, my veto will meet it frankly and fearlessly.”

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.26 – 29

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Sovereign’s Handbook by Johnny Liberty 
(30th Anniversary Edition)
(3-Volume Printed, Bound Book or PDF)

A three-volume, 750+ page tome with an extensive update of the renowned underground classic ~ the Global Sovereign’s Handbook. Still after all these years, this is the most comprehensive book on sovereignty, economics, law, power structures and history ever written. Served as the primary research behind the best-selling Global One Audio Course.Available Now!

$99.95 ~ THREE-VOLUME PRINT SERIES
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Dawning of the Corona Age: Navigating the Pandemic by Johnny Freedom 
(3rd Edition)
(Printed, Bound Book or PDF)

This comprehensive book, goes far beyond the immediate impact of the “pandemic”, but, along with the reader, imagines how our human world may be altered, both positively and negatively, long into an uncertain future. Available Now!

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07. Introducing Debt Currency Into Circulation | Money | Sovereign’s Handbook

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By Johnny Liberty

In the United States, every piece of “paper currency (Ø)” in circulation has been printed by the U.S. Treasury, borrowed from the Federal Reserve Bank (FRB) with interest to be paid back by the federal U.S. government through taxation. Then, every U.S. Dollar (USD) printed is spent into circulation by the government, corporations and the people.

“[Every circulating FRN] represents a one dollar debt to the Federal Reserve System.”

Remember, this is a debt note that can never be paid back except through sweat, labor, hard work, the confiscation of assets, property and by taking away your unalienable sovereign rights and freedom. 

We the People have unwittingly surrendered the lawful, constitutional money system to the international central bankers. We have accepted, without protest, a ”fiat (Ø)”money supply instead of real money ($). This fundamental act has destroyed our once great nation and ultimately enslaved our people economically. History repeats itself again and again, ad nauseum.

Global Economic Speculation and Casino Gambling

In our present global business model, the only way a nation’s economy can grow, develop and expand is by exponentially increasing the amount of debt in circulation. Every piece of paper currency in circulation incurs an escalating debt with interest to be paid via taxation. 

Thus, the “fiat (Ø)” money supply increases both paper currency and much more frequently as electronic widgets inside a licensed central bank computer. The result of this expansion is inflation, devaluation and ultimately bankruptcy.

The financial end game for Western banking is on the brink of collapse, and may be very soon, as the U.S. government corporation cannot sustain the interest payment to the Federal Reserve Bank (FRB). Today, the total income of the federal U.S. government is not enough to make the annual interest payment on the national/federal debt.

In this economic model, stock markets soar and crash, currencies inflate and devaluate, consumer prices rise, and speculation is risky business on Wall Street. Our political leaders, and the central banks, are running the global economy like a casino gambling operation, and it is soon headed for a major adjustment or crash. Prepare yourself now for a tidal shift ahead, if it has not already happened by the time you read this book. 

“In the 1970s, only 20% of all global investment and trade was speculative by nature, and 80% was directly related to the exchange of goods and services. By 1990, those figures had reversed. In 1993, only 5% of all global economic transactions were directly related to the exchange
of goods and services.” ~ Wilfred Guth of the Deutsche Bank

Fractional Reserve Banking

Inflation is not only created by the issuance of paper money substitutes, but also created with negotiable instruments such as “checks (Ø)” and “fractional reserve banking”. 

A convincing illusion has been perpetrated via media propagandists that there is a limited supply of paper currency (Ø) and a reserve (Ø) must be kept on hand if a lot of people suddenly need to withdraw “cash” from the bank or ATM.

Did you know that the Federal Reserve Bank (FRB) and other international central banks routinely create “fiat (Ø)” paper currency, and electronic ledger entries, out of thin air? Did you know that the commercial banks with brands you are most  familiar with are nothing more than separate accounting divisions of the Federal Reserve Bank (FRB)?

Here is a short summary of how “fractional reserve banking” works. Assume a legal central bank’s “reserve requirement” is 10%, although it is usually much less. For example, the local commercial bank (US Bank) down the street retains 10% (9:1) of your deposit just in case you want it back in paper currency or “cash”. 

If you deposit Ø1,000 in the commercial bank, no sooner does it hit their cash box than you’ve created a Ø9,000 line of credit (Ø) so the bank can loan it to the guy in the line behind you, or invest in any thing else they want (stocks, bonds, real estate) at prevailing rates of interest. It is that simple. 

This is how commercial banks create “money (Ø)” out of thin air. They also create income through service charges or bounced check fees. If you bounce a check (Ø), you pay a bounced check fee. If the commercial bank writes a bad check (Ø), it is legally called a “loan (Ø)”. All that is actually happening is that you are exchanging one promissory note for another. 

Wow, that is incredible. Wouldn’t we all like to be able to create money out of thin air as the commercial banks do? That is such easy “money (Ø)”. But even to contemplate such an act could land you in prison for “conspiracy to counterfeit (Ø)”. Through legislative consent outside of the bounds of the U.S. constitution, both commercial and central bankers have acquired the licensed privilege to create money out of thin air. Then you are the one who must pay and pay and pay. This is the greatest scam of all times.

Commercial and central banks make a fortune from the ignorance of We the People. “Fractional reserve banking” is the reason banks compete for deposits in either checking or savings accounts. By depositing funds in a bank, you are expanding the national economy and unwittingly impoverishing yourself via inflation.

It works similarly when you use your credit card to make a purchase. Suddenly, moments after you swipe the credit card, “money (Ø)” springs into existence. No “money (Ø)”is actually loaned by the bank to the retailer. This is magic and bankers are the magicians!

While Banks Grow Richer, You Fall More Deeper Into Debt

Do you still wonder why the banks keep getting richer and richer and foreclosing on more and more property from the people? Do you still wonder why all the largest buildings downtown have the name of commercial banks on them?. 

There are trillions of dollars of “bad checks (Ø)” in circulation which have created all this public and private debt. This is evident as the national debt, both funded and unfunded obligations are growing exponentially. 

Current monetary policy has legalized check kiting, fraud, racketeering, and counterfeiting, with a lawful basis for repudiating both private and public debt. Perhaps you can now understand what a criminal and corrupt enterprise the Federal Reserve Bank (FRB) and their political cronies in government are running? 

The Federal Reserve Bank (FRB) controls the money supply, interest rates, the velocity or speed of introduction of paper currency (Ø). Today, when the Federal Reserve Bank (FRB) prints an excess of new paper currency (Ø), thereby inflates and simultaneously devalues the paper currency, they call it a fancy term – “quantitative easing”.

The Federal Reserve Bank (FRB) has access to an unlimited supply of paper currency (Ø), paying the U.S. Treasury only the printing costs. Checks and electronic ledger entries of both credits and debits total far more than 95% of all deposits and transfers. Securities, bonds, mortgages, buildings, land, and stocks compose most of the hard tangible assets that banks own. 

MONEY SUPPLY • INTEREST RATES • VELOCITY

The Federal Reserve Bank (FRB) can increase or decrease the “fractional reserve” requirements at will. Therefore, a “run on the bank” could not actually happen as it once did in the past. The central bank simply prints as much paper currency (Ø) as they need to retain confidence and control of the system. 

The reason for “fractional reserve”requirementsis to regulate the greed of the member banks, and most importantly to maintain a certain level of quality in the investment portfolios. These portfolios have degraded significantly since the mortgage fraud and derivative investments which contributed to the Great Recession of 2008.

Federal Reserve Notes (FRNs) are nothing more than promissory notes for U.S. Treasury securities (T-Bills) — a promise to “pay (Ø)” an un-payable debt to the Federal Reserve Bank (FRB) in gold or silver. 

Have you borrowed paper money (Ø) to consolidate your debt only to discover you were more indebted than before? It is because you did not actually “pay (Ø)” the debt. Instead, you restructured the debt for future “discharge (Ø)”, but it was never paid-in-full. 

Our economic/financial lives have been reduced to managing debt and earning paper money (Ø) to service an ever growing liability, both private and public. This, wise friend, is economic slavery.

Paying or Discharging Debt?

There is a fundamental difference between resolving and “discharging (Ø)” a debt. To “pay (Ø)” a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only “discharge (Ø)” a debt. 

You cannot resolve a debt in a debt currency system. You cannot resolve a debt with a paper currency (Ø) without  being backed by substance. Additionally, there is no valid or lawful contract under the  Common law unless it involves an exchange of “good and valuable consideration, in other words, real money ($)”.  

> ECONOMIC SLAVERY—A total loss of ones control over your financial affairs; working for no reward, no “money,” no substance, no asset accumulation; working for an unseen master; unknowingly surrendering ones property and assets to public indebtedness; invisible and undeclared bankruptcies.

The truth is we are doing business in “counterfeit (Ø)” paper currencies issued by the United States and European Power structure, an elite cartel. Are we bankrupting ourselves and our children into economic slavery? Wise up America.

“There is a distinction between a ‘debt discharged’ and a debt ‘paid.’ When discharged, the debt still exists though divested of its charter as a legal obligation during the operation of the discharge, something of the original vitality of the debt continues to exist, which may be transferred,
even though the transferee takes it subject to its disability incident to the discharge.”
~ Stanek v. White, 172 Minn. 390, 215 N.W. 784

Lawful Money as Gold or Silver

The net result of the Federal Reserve System is a hugely devalued dollar (Ø1 dollar in 1913 becomes Ø100 in 2022 or Ø20 dollars in 1913 becomes Ø2,000 in 2022). That’s a cumulative inflation rate of 10,000% in 109 years. Inflation over time is a hidden tax and essentially taxes the earnings of future generations. 

The result is a persistent decline in real Individual income, an increasing un-payable national/federal debt (Ø30.4 trillion in 2022), an accelerating exponential debt curve, and ultimately the transfer of all the property and assets of the people of the united states of America to the international centrals bankers and the United States, European, Russian and Chinese Power structures behind them.

“The Federal Reserve debt note system was
established by U.S. Congress under its
‘District’ powers because the Constitution
required a gold or silver standard.”
~ International Tax Technologies

The United States and state constitutions prohibited the issuing of foreign bills of exchange (FRNs), or making anything except gold or silver as legal tender in the payment of debts. The Founders considered this an important check and balance against the encroachment of foreign money in the new Republic. 

Why do We the People continue to allow this grand theft to occur, in broad daylight, without taking a stand for the constitutional Republic, and our own sovereign rights?

“No State shall…make any Thing but gold and
silver Coin a Tender in Payment of Debts.”
~ U.S. Constitution [1:10:1]

Lawful, constitutional and honest money ($) is coined or printed by the U.S. Treasury and spent into circulation by the federal U.S. government. The $5 U.S. Note and JFK’s $2 bill were interest-free. These are the constitutional components of a sound monetary system.

References:

  1. “Represents a debt.” Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11); Federal Reserve Bulletin www.federalreserve.gov/publications/bulletin.htm
  2. Wikipedia | Comparison Between U.S. states and sovereign states by GDP; Wikipedia | List of states and territories of the United States by GDP; Quote from Wilfred Guth of the Deutsche Bank; Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11);  Federal Reserve Bulletin www.federalreserve.gov/pubs/bulletin; Wikipedia | Dodd-Frank Wall Street Reform and Consumer Protection Act.
  3. Wikipedia | Fractional Reserve Requirements; The 2014 fractional reserve requirements for commercial banks is 0% for accounts under Ø14.5 million, 3% (33:1) for accounts between Ø 14.5 – Ø 103.6 million and 10% for accounts above Ø103.6 million; Federal Reserve | Monetary Policy. 
  4. Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11); Federal Reserve Bulletin www.federalreserve.gov/publications/bulletin.htm
  5. Trading Economics | Money Supply; Investopedia | Quantitative Easing 
  6. Ibid.
  7. Definition of “economic slavery” coined by Johnny Liberty.
  8. Court Listener | Stanek v. White, 172 Minn. 390, 215 N.W. 784.
  9. Historical Devaluation of U.S. Dollar https://mykindred.com/cloud/TX/Documents/dollar/; Inflation Calculator: https://www.usinflationcalculator.com; U.S. Debt Clock www.usgovernmentdebt.us 
  10. Quote from International Tax Technologies (defunct).
  11. Constitution Congress | U.S. Constitution 1:10:1]. No State shall enter into any treaty…
  12. Wikipedia | United States Note www.theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money; Wikipedia | Executive Order #111110.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.22 – 26

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07. Paper Money Substitute and Federal Reserve Notes (FRNs) | Money | Sovereign’s Handbook

/ Chief Visionary Officer & Founder / Leave a comment

By Johnny Liberty

 Since gold and silver coinage were heavy and inconvenient for large transactions, and dangerous to transport, the money was stored in safes in warehouse banks. A warehouse receipt or certificate was issued as a money substitute to represent the gold or silver on deposit. 

People could trade warehouse receipts as money, or “paper currency (Ø)”. They were similar to redeemable gold and silver certificates issued by modern banks.

Paper Money Substitutes Are Not Money

Today, “paper currency (Ø)” is not actually “money ($)”, but instead a “paper money substitute (Ø)”, because redeemable warehouse receipts, gold or silver certificates must promise to pay a real “dollar ($)” equivalent in gold or silver money. 

Federal Reserve Notes (FRNs) make no such promise, and are not “money (Ø)” by any stretch of the constitutional imagination, or as the U.S. Congress may lead us to believe. Paper currencies are legally defined as “corporation notes of undetermined value”, as a private bankers “scrip”.

A Federal Reserve Note (FRN) is a debt obligation of the federal U.S. government, a promissory note, a promise to “pay (Ø)” to the Federal Reserve Bank (FRB), a tangible asset such as gold and silver at an undisclosed time in the future. FRNs are not “money (Ø)”.

FRNs are not lawful, constitutional money ($), but a “fiat paper currency (Ø)”, as “legal tender (Ø)” or as a “paper money substitute (Ø)”. The ($) and (Ø) symbols will henceforth signify the distinction between the two types. 

PAPER MONEY SUBSTITUTE = FRNs = Ø

Although the Federal Reserve Note (FRN)(Ø), henceforth, referred to as (Ø) is the keystone of the unsustainable, debt-based and corporate “United States” economy, few people understand how the system actually works. 

All Federal Reserve Notes “(FRNs)(Ø)” placed into circulation burdens the entire economy with an ever growing mountain of public and private debt. Every “(FRN)(Ø)” borrowed by the federal U.S. government must be repaid, yet can never be repaid to the Federal Reserve Bank (FRB) and its foreign principals-creditors. 

A FRN (Ø) is “unlawful” money under both the state (no foreign bills of exchange) and federal (only gold and silver coin are money) constitutions.  Federal Reserve Notes “(FRNs)(Ø)” create not only “debt (Ø)”, but interest and usury that results in perpetual economic slavery for most “U.S. citizens”. 

Federal Reserve Notes Are Neither Federal, Nor a Note

Federal Reserve Notes (FRNs), are in actuality, neither federal, nor a note, and not held in reserve. FRNs are not “federal” because the Federal Reserve Bank (FRB) is, in truth, a privately owned corporation, not part of the U.S. government. 

Furthermore, there is no gold or silver money, not even paper currency, held in “reserve” in the Federal Reserve Bank (FRB). FRNs are not a “note” because they cannot fulfill an unconditional promise to “pay (Ø)” real money to the holder. By law, a “note” must contain the unconditional promise to “pay-to-the-bearer-on-demand”. 

> NOTE– An instrument containing an express and absolute promise of signer to pay to a specified person or order, or bearer, a definite sum of money at a specified time; an instrument that is a promise to pay other than a certificate of deposit.

In truth, a Federal Reserve Note (FRN) is a “Fraud Reserve Note”, a “commercial lien” of a private corporation on the federal U.S. government. In other words an FRN is commercial paper, a negotiable instrument, a counterfeit security of the Federal Reserve Banking (FRB) system. FRNs are unsigned checks written on a closed account of the  federal U.S. government corporation which has been closed since the first federal bankruptcy of 1933. 

Distinction Between Real Money and Paper

We the People must comprehend this important distinction between real“money ($)” as tangible substance and real wealth, and a“paper money substitute (Ø)” which represents a debt that can never be paid off. 

As an individual, one cannot become economically or financially sovereign by accumulating paper money substitutes, or borrowing without restraint, anymore than one can get rich accumulating monopoly money in the game by the Parker Brothers. The same notion applies to a nation state that borrows from its principals-creditors and encumbers its U.S. citizens to pay it back in the not so distant future.  Using debt-based paper currency can only result in getting deeper into debt, and then declaring bankruptcy, especially, if a nation’s people cannot comprehend this important distinction. 

The same  notion applies to a nation state without financial restraint, as the government borrows more and more debt-based paper currency and goes deeper and deeper into debt. That continues until all of its tangible assets, and those of its people, are collateralized and transferred to the principals-creditors who loaned the “paper money substitute” in the first place, namely, the Federal Reserve Bank (FRB).

As an individual one can acquire debt-based paper currency and quickly convert these instruments into tangible assets of actual substance, actual money, property and productive capacity, providing one can establish legal sovereignty and the proper structures to protect these tangible assets.

Additionally, if one acquires property with Federal Reserve Notes (FRNs) instead of constitutional money such as gold or silver, then one has not actually acquired the rights and absolute “allodial” title. One may acquire an equitable title, but not the “allodial” title and the rights inherent therein. Thus, one does not purchase absolute “allodial” title to property as one could under the constitutional Common law system.  

If you have not acquired “allodial” title, it is not actually your property. Thus, you have no rights inherent in your property. By implication, the actual “allodial” title remains within the jurisdiction of the federal U.S. government corporation, and to those it assigns or hypothecates the title. Finally, if you have no “allodial” title, the property can be taken at will at any time and you will have no recourse or remedy under the Common law. 

There is No Actual Money System

We the People do not have any real “money ($)”, nor are we buying or exchanging goods and services with real “money ($)”, nor are we accumulating wealth or assets as we have been led to believe. In fact, not only is there no real “money ($)”, there is no money system whatsoever. It has been a fraud relentlessly perpetrated for generations upon the people of the united states of America and the world.

Those who have deposited Federal Reserve Notes (FRNs) in their bank accounts have simply accumulated temporary control over  a certain amount of bank-created debt which has been substituted for real money. 

Your assets are entirely at risk if you do not understand the nature of money and who really owns and controls your property. Wake up to your own economic, financial and legal sovereignty to restore prosperity for all, including a “sound monetary system”.

According to Fortune 500, Jeff Bezos, Elon Musk and Bill Gates may be several of the “richest” men in the United States. However, they are rich in Federal Reserve Notes (FRNs) or “corporation notes of undetermined value”. They are rich in the market value of their corporate company stock. Even billionaires may be unaware of the central bank fraud and their participation in it. 

This author would venture to guess that most millionaires do not know that their wealth is entirely contrived by the United States and European Power structures. Without true sovereignty, even the billionaire’s riches and wealth are worthless tokens of what could be possible for humanity and the world.

U.S. citizens Not Paid Real Money

U.S. citizens have not been paid any real money ($) in their entire lives. Consider this seriously. if you have not been paid any real money, then how can you ever “pay (Ø)” your debts? The fact is, you cannot ever pay your debts and neither can any one else.  

Now, you can understand why you might feel broke even with so-called “money (Ø)” in the bank? Indeed, you are poor, broke and starving for truth and wanting freedom from the “money masters (Ø)”. Now, do you understand why you are actually “bankrupt (Ø)”, along with much of the rest of the country and world? You cannot “pay (Ø)”debt with a debt-based paper currency, not now, not ever. This truth has been hidden from the people for generations.

We the People can only “discharge (Ø)” a debt which only delays the inevitable “bankruptcy (Ø)” that awaits us all. Instead, would you like to become economically sovereign and financially independent?

“Neither paper currency nor deposits have value as commodities.
Intrinsically, a ‘dollar (Ø)’ bill is just a piece of paper (Ø).
Deposits are merely book entries.”
~ Modern Money Mechanics Workbook,
Federal Reserve Bank of Chicago (1975) 

Creating a Sound Monetary System

The constitutional authority to create real “money ($)”,not paper money substitutes, has been reserved to We the People as intended by the Founders, not any central banking system. 

Central bankers have learned how to monopolize their congressional privilege to create “paper money substitutes(Ø)” out of thin air in partnership with greedy, power-hungry governments who have willfully and knowingly plunged U.S. citizens into perpetual debt and bankruptcy. 

Unfortunately, the federal U.S. government has prosecuted courageous “citizens of the United States”, for example, Bernard Von NotHaus, for creating a“sound money substitute”, such as American Liberty Currency, backed by gold and silver, as an alternative to the central banking cartel. The American Liberty Currency clearly had no similarity to the U.S. Dollar (USD), and NotHaus was by no means “counterfeiting”. Instead, he was making a strong point that the U.S. Constitution required a “sound monetary system” backed by gold and silver. If anyone is engaged in “counterfeiting” it is clearly the U.S. Congress and the Federal Reserve Bank (FRB).

Perhaps one day a constitutional, “sound monetary system”, backed by gold and silver, will be restored in the united states of America. 

“To provide for the punishment
of counterfeiting the Securities and
current Coin of the United States.”
~ U.S. Constitution [1:8:6]

We the People still have the “unalienable right” to work, the right to contract, and the right to create our own money substitutes, if necessary, in lieu of adequate supplies of gold or silver. 

A few examples of alternative money substitutes are local scrips such as Ithaca HOURS, Cascadia HOURS, time-dollars, barter/trade, and gift economies. and/or restore a gold and silver backed currency.

“By a continuing process of inflation,
government can confiscate, 
secretly and unobserved, an important
part of the wealth of their citizens…
~ John Maynard Keynes

Inflation and Devaluation

Whenever there is an increase in the supply of a “paper money substitute (Ø)” in the economy without a corresponding increase in gold or silver “money ($)” reserve, inflation and devaluation occur simultaneously. Inflation and devaluation are mostly invisible forms of “taxation” (grand theft) that even the most enlightened governments inflict on their people. 

Federal Reserve Notes (FRNs) are  designed to create perpetual debt resulting in both inflation and devaluation of the currency. Inflation and devaluation destroys purchasing power while consumer prices rise at the same rate as inflation.  

Inflation, devaluation of the currency and an ever increasing and un-payable debt deliberately transfers control, power and property to the United States and European Power structures that have no interest whatsoever in sharing the wealth or hoarding “paper money substitutes (Ø)”. The actual objectives of the American and European Power structures are to accumulate tangible assets, gold and silver, property, land, industrial and productive capability, and “real estate” which represents true wealth in the economy. 

INFLATION = INVISIBLE TAXATION

Two-thirds of the total productivity of the united states of America are invisibly taxed through inflation and devaluation which is inflicted at every level of the system. This is a cozy arrangement between private central bankers and national governments to ultimately confiscate both the wealth and the productivity of the people to suit their globalist agendas. 

“Every congressman, every senator, knows precisely what causes inflation,
but can’t [won’t] support the drastic reforms to stop it
[repeal of the Federal Reserve Act of 1913]
because it could cost him his job.”
~ Robert A. Heinlein, Expanded Universe

No Authority to Issue Paper Money Substitutes

The corporate U.S. government and the U.S. Congress were not authorized by the U.S. Constitution to issue paper currency of any kind, but only the authority to coin lawful “money ($)” of substance — gold or silver for the sovereign states and their respective “state” Citizens. Except for former U.S. Congressmen Ron Paul (R-TX) and a few courageous elected officials, the U.S. Congress has been deaf to this alarming prohibition.

“Congress had no authority to grant
a private consortium of banks the monopoly
privilege to create the nation’s currency.”
~ Boston T. Party

Powers not specifically granted by the U.S. Constitution are strictly forbidden and automatically denied. Today, the Federal Reserve Bank (FRB) and the international central bankers have a monopoly over “legal tender (Ø)”, the issuance of paper money substitutes in lieu of gold and silver. 

In truth, the international central bankers run the most extensive counterfeiting operation the world has ever known, “legally” protected by a rogue U.S. Congress which has bankrupted the federal U.S. government corporation. Paper money substitutes have essentially changed the mass of humanity into becoming economic slaves of the powers-that-be.

Since the inception of private banking in Europe centuries ago, international central bankers have created wars (e.g., WWI, WWII, WWIII) and conflict for profit and control of the fates of dozens of nations. 

Even if we are unaware of it, and it is difficult for most of us to imagine, our political leaders lust for more and more power over our lives.  The governments of the world already controls much of the world’s gold and silver reserves except for the gold and silver in private hands.

References:

  1. Wikipedia | Federal Reserve Notes; “Corporation notes of undetermined value.” Wikipedia:  and www.investopedia.com/terms/f/federal-reserve-note.asp and http://definitions.uslegal.com/f/federal-reserve-note 
  2. Cornell Law | Title 12 USCS §411 (federal reserve notes are debt obligations of the federal United States, not lawful money).
  3. Cornell Law | UCC 3-104(2)(d) (a federal reserve note is a negotiable instrument, a promise to pay other than a certificate of deposit).
  4. Wikipedia | Federal Reserve Bank www.federalreserve.gov
  5. Truth Set Us Free | Modern Money Mechanics Workbook of the Federal Reserve Bank of Chicago, 1975;Javelin Press | Javelin Press | Goodbye April 15th by Boston T. Party, (Javelin Press, Austin, Texas, 1992, p.3/7).
  6. In March 2022, Russia decided to back their currency with gold during the Russia-Ukraine police action. This resulted in a rise of the ruble against the U.S. Dollar and the EURO.
  7. Wikipedia | U.S. Constitution [1:8:6]. Powers delegated to the legislature.
  8. Ibid, p.3/11),
  9. Wikipedia | John Maynard Keynes
  10. Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, p.3/9).
  11. Wikipedia | Expanded Universe by Robert A. Heinlein; Amazon
  12. Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, p.3/2).
  13. Javelin Press | Goodbye April 15th by Boston T. Party (Javelin Press, Austin, Texas, 1992, pp.4/3-4/11). In 2021, there were 132 million households in America with an average of 1 troy ounce in gold jewelry and gold coins in private hands. That equals $132 million ounces of gold with a mint value of $35/per coin ($4,620,000,000), or a market value of $1,900/ounce ($250,800,000,000); Gold Bulllion Suppliers | Indian households have the largest amount of gold in the world – roughly 24,000 metric tons. Most of it is in the form of jewelry which is used for Diwali festival and weddings. These oil-rich families had vaults of gold – now in the hundreds of tonnes – well before they began making deals with the West. One can only imagine how much gold they have accrued since the 1920s.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.16 – 21

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