07. Exponentially Raising the Debt Ceiling | Money | Sovereign’s Handbook

By Johnny Liberty

Each year the U.S. Congress declares yet another bankruptcy of the federal U.S. government corporation. Each time it must raise the “debt (Ø)” ceiling with the approval of the Federal Reserve Bank (FRB). Did you know that the Federal Reserve Bank (FRB) has the power to shut down most of the federal U.S. government indefinitely when the Board of Governors chooses not to approve an increase of the federal/national debt?

Who Is in Charge of the U.S. Congress?

So who do you think is actually in control of the U.S. Congress and the federal U.S. government corporation?  The Federal Reserve Bank (FRB) is holding the federal U.S. government, “elected representatives” and federal employees, and We the People of the united states of America hostage through the FED’s credit and monetary policies. The principals-creditors who control the “money supply”, control the nation state.

The federal U.S. government corporation borrows and increasingly spends exponentially inflated and devalued paper currency at least twice each and every year. Even without an Act of Congress, “income tax” on “U.S. citizens” increase and properties are effectively confiscated via systemic inflation by those with power in the District of Columbia (D.C.) 

Therefore, the federal/national debt continues to increase exponentially which the people of the united states of America are expected to pay one day in the future from their assets. Even though the 50 states are mandated by law to balance their annual budgets, unlike the FED, if you and I do not balance our household  budgets, we end up on the streets. 

This corrupt, federally mandated pyramid scheme is tantamount to treason, yet none dare call it such. However, this activity goes on and on year after year while both our leaders and We the people stand back and do nothing.

The federal U.S. government has been bankrupt numerous times since 1933. Our “elected representatives” and federal employees from both sides of the political aisle do not ever seriously address the issue of balancing the federal budget. Talk about balancing the budget is all lip-service. They will milk this cow until the country is foreclosed upon forever. The date of our inevitable demise is on the calendar and approaching very soon.

ECONOMIC GROWTH = ECONOMIC SLAVERY

A debt-based economy can only expand or grow by expanding and growing the federal/national debt. In a debt-based economy, it is impossible to balance the budget without eliminating the root cause of debt – namely, the Federal Reserve Bank (FRB). But dare to mention this fact on the floor of the U.S. Congress, and all the hairs on  the back of the neck of our “elected representatives” stand up in vocal protest. 

Whenever the U.S. Congress proposes a new federal budget and raises the debt ceiling, which is prima facie evidence of the federal U.S. bankruptcy, the Federal Reserve Bank (FRB) has the authority to deny credit to the government by simply not buying the bonds.

Prior to the Federal Reserve Act of 1913, the federal U.S.  government had three options to finance its operations. First, the government could apportion a constitutional tax if all the state legislatures agreed. Second, the government could sell U.S. bonds to the American people. Third, the government could raise funds through import taxes and tariffs.

Prior to the Federal Reserve Act, We the People were oftentimes the masters of government via our “elected representatives” and by acting in our sovereign capacity as “state” Citizens. 

If We the People did not choose to fund a particular war or government program, we told our “elected representatives” to veto the legislation or the apportionment. If we did not want to support a war, we did not buy U.S. Savings Bonds. 

Between 1913 and 1933, the private international central bankers became the masters of government. What the government accomplished was to trade one master (We the People) for another (We the International Bankers). Unfortunately, We the People bought into this pyramid scheme and many lost their individual sovereignty and “state” Citizenship in the process.

Who Has the Power to Close Government?

Today, the Federal Reserve Bank (FRB) holds the absolute power to close most of the doors of the federal U.S. government by denying an increased credit line. That is a lot of power in the hands of foreign bankers with no constitutional authority to create “money (Ø)” in the first place. 

What is happening in 2022 is that the Rothschilds central banking model, whereby all private property is confiscated for “communistic” purposes established by the central bank, and the people are enslaved by a perpetual un-payable “debt (Ø)”.  Debt“money (Ø)” is the method by which free and independent state Republics are usurped, thereby replacing free states with fake democracies, while simultaneously destroying the people’s sovereignty and their “unalienable rights”.

“The Federal Reserve System was founded primarily to serve the special interests of certain highly organized, politically influential groups within the banking industry.
The [Seven Member] Board of Governors is appointed by the President
and confirmed by the Senate, but five of the twelve members
of the Federal Open Market Committee representing the regional
Federal Reserve Banks dictate our country’s monetary policy
and are controlled by private, commercial banks.
Thus private banks, serving special [elite] interests, control or influence public policy regarding the money that everyone in the United States uses.”
~ National Alliance for Constitutional Money

Balancing the Budget Can Never Happen

Unlike the federal U.S. government, the 50 state governments are constitutionally required to balance their budgets and accept no foreign bills of exchange, in other words, a “paper money substitute (Ø)”, although they are also failing to abide by constitutional requirements. 

Today, the corporate “States” are no longer sovereign state republics, and the corporate “States” no longer function in their capacity as sovereign “states of the Union” in a constitutional Republic. Corporate “States” are merely subsidiaries or political subdivisions of the federal U.S. government corporation under the “Municipal laws” of the District of Columbia (D.C.) unless or until they “reclaim their state sovereignty”, stop obeying federal mandates, and/or refuse to accept federal funding.

Providing the federal U.S. government corporation is doing the bidding of the United States and European Power structures via the Federal Reserve Bank (FRB) and its principals-creditors (i.e., International Monetary Fund (IMF and World Bank (WB), etc.), the Federal Reserve Bank (FRB) has been more than willing to continue to expand the debt ceiling and “lend”, in other words “created from thin air”, the federal U.S. government as much essentially worthless, debt “money (Ø)” as they want. 

As we have already learned, Federal Reserve Notes (FRNs) are a paper currency, a negotiable instrument, and are printed with ink on paper, or more often created electronically as ledger entries on licensed computers in a vault. This illusion of debt “money (Ø)” is an incredibly orchestrated lie, a fiction that many continue to believe. How much longer will We the Fools borrow ourselves into economic slavery?

“Banks lend by creating credit. They create the means of payment out of nothing.”
~ Ralph M. Hawtrey, Secretary of the British Treasury

“When you or I write a check (Ø) there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check (Ø) there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money (Ø) [irredeemable currency].”
~ Putting It Simply, Boston Federal Reserve Bank

“The Federal Reserve System pays the U.S. Treasury Ø20.60 per thousand notes—
That equates to a little over 2 cents each with no regard to the face value of the note. Federal Reserve Notes, incidentally, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury’s Bureau of Engraving and Printing, and the Ø20.60 per thousand price reflects the Bureau’s full cost of production. Federal Reserve Notes are printed in Ø1, Ø2, Ø5, Ø10, Ø20, Ø50 and Ø100 denominations only; notes of Ø500, Ø1000, Ø5000, and Ø10,000 denominations were last printed in 1945.” ~ Donald J. Winn, Assistant to Board of Governors, Federal Reserve System

Printing Money Out of Thin Air

Here is how “money (Ø) is created out of thin air. The U.S. Congress claims that it needs Ø100 billion for some pork-barrel project sponsored by a few high-ranking U.S. Congressmen/Congresswomen, or U.S. Senators, who must appease the lobbyists who contributed campaign funds and, incidentally, wrote the legislation. Ahem.

After the legislation passes and is signed by the U.S. President, the U.S. Congress authorizes the U.S. Department of the Treasury to print bills or bonds as a “loan (Ø)” to the government. This is called “monetizing the debt”. In summary:

  1. Funding starts in the U.S. Congress by borrowing bonds and issuing Treasury notes that other countries and large institutional investors must purchase.
  2. If the U.S. Congress cannot borrow enough Treasury notes from investors, an officer goes to the Federal Reserve Bank (FRB), who then pulls out a checkbook, writes a blank “check (Ø)” from the FED’s checkbook for Ø100 billion from an account with “not one dollar” in  it.
  3. The government’s central bank account deposits Ø100 billion which accrues interest immediately to the Federal Reserve Bank (FRB) on “not one dollar” loaned. Then the government taxes the people via an income tax to pay the interest on the “loan (Ø)” directly to the Federal Reserve Bank (FRB). That is where your “income tax” money goes.
  4. The government deposits the “check (Ø)” into their bank account and writes “checks (Ø)” to pay government workers.
  5. For example, government writes a “check (Ø)” to a postal worker who deposits Ø1,000 into their checking account in a neighborhood, commercial bank. 
  6. The commercial bank puts the Ø1,000 into the bank’s reserve account and loans out Ø9,000 to its customers. This is “fractional reserve banking”.
  7. For example, the postal worker’s commercial bank has created the Ø9,000 from thin air from the deposit of Ø1,000.
  8. This goes on and on exponentially expanding the federal/national debt, thereby, fueling (fooling) the economy with “money (Ø)created out of thin air.

Additionally, the U.S. Treasury prints Ø100 billion worth of Federal Reserve Notes (FRNs) at the cost of Ø0.02, or a few pennies more today, for each bill regardless of denomination. The U.S. Treasury walks down the hall to the Federal Reserve Bank (FRB) and offers to sell them for Ø0.02 each, regardless of denomination. 

The Federal Reserve Bank (FRB) then walks down the hall, writes a “check Ø” from an empty account for Ø100 billion, and “loans (Ø)” the “money Ø” back to the federal U.S. government at face value of the FRN plus interest. 

The U.S. government then spends the Ø100 billion in circulation. Federal Reserve Notes (FRNs) and “money Ø” are created when the “loan Ø” is made, interest collected and collateral is posted. The interest is on nothing given, nothing borrowed, nothing printed except “money Ø” from thin air.

For every FRN or “dollar Ø” in circulation, the federal/national debt with interest grows exponentially. We the People have collectively incurred this federal/national debt with interest at the prime rate of interest set by the FED. 

Many believe that We the People are obligated to pay this un-payable “debt Ø”. However, that is only because we have been uninformed and asleep at the wheel of the world’s largest economy and have forgotten who we really are. 

We the People are not obligated to pay an un-payable “debt Ø” that we did not authorize or incur knowingly and willingly in accordance with the the U.S. Constitution.

Remember, We the People are the “Sovereign Power” in the united states of America, not the private international banks, not the federal U.S. government corporation, except where we have delegated limited lawful authority via the U.S. Constitution with the Bill of Rights.

“A banker is a man who will loan you money
if you can prove you don’t need it.” ~ Mark Twain

Eighteen Investment Recommendations

  • Establish solar, battery-based radio communications and other alternative, self-sufficient energy systems before a collapse of consumer buying power and the food supply system.
  • Decide to get out of personal “debt Ø”. Strive for your economic sovereignty and financial independence, despite the system. 
  • Decide to reorganize every aspect of your life, including your business, job or occupation to achieve this goal. Know in your heart and soul that you are the master over your life. You are not an economic slave or subject to any government or their principals-creditors. 
  • Decide to learn the freedom tools necessary to shift or maintain to where you would like to be in your life, family and business.  
  • Decide to stop sending your hard-earned “money Ø” to any government that wastes your energy, or your productivity, while using your taxes for destructive purposes.
  • Engage in a free-enterprise business that is enjoyable and matches your skills, talents and aspirations. Discover how you can make a “right livelihood” (a Buddhist ideas) doing what you love, then serve others to build a better world. 
  • Generate wealth and prosperity from hard work and productivity. Invest profits directly to generate more wealth. Take a portion of your surplus funds and contribute in a socially responsible, wise, prudent way to support your community.
  • Establish legal domestic, non-domestic and foreign entities with appropriate onshore and offshore banking for both your business and family. 
  • Position 7%, or the current legal limit, of your assets safely and legally offshore in foreign entities, either Trusts, IBCs or S.A.s. Open up foreign bank accounts with debit cards, not credit cards. Do not authorize withholding 30% on foreign investments in domestic banks.
  • Invest 5%, or the current legal limit, of your “fiat currency Ø” in other national currencies for currency trading purposes. 
  • Invest 20% in precious metals, for example, gold or silver, take physical possession, and secure them privately.
  • If you have an IRA, liquidated it now, and either self-direct the funds, or pay the tax penalties if necessary. 
  • File and pay any lawful and legal taxes each year to the appropriate jurisdictions.
  • Rescind “adhesion contracts” that have kept you in contractual bondage with the government. For sovereign “state” Citizens, update land patents and reclaim “allodial” titles. Transfer titles into non-domestic or foreign entities whenever possible. 
  • Minimize or refrain from using credit cards at high interest. Stop borrowing and purchasing items you do not have the “money Ø” to pay for. Live within your means.
  • Cash out of the volatile stock market. Then convert any stocks, bonds, mutual funds into tangible assets of real value. 
  • Establish self-reliance on land paid for in full and protected from foreclosures or other sudden downturns in the economy. 
  • Provide and stockpile basic needs for your family, friends and community, including water, medicines, seeds and food storage for two years of austerity measures. Grow edible, vertical gardens in any available space indoors.

References:

  1. Wikipedia | Gramm-Rudman-Hollings Balanced Budget, and Emergency Deficit Control Act of 1985); Public Law 99-177.
  2. Wikipedia | The World Almanac and Book of Facts, Phanos Books (1992) p. 139.
  3. Bill Otten Blogspot | Peter T. White in National Geographic, Jan. 1993, The Power of Money (issues relating to the banking industry and the fraud therein).
  4. Wikiquote | Ralph M. Hawtrey, Secretary of the British Treasury.
  5. Putting it Simply published by Boston Federal Reserve Bank (out of print).
  6. Sourced from a letter from Senator Mark O. Hatfield. Quote from Donald J. Winn, Assistant to Board of Governors, Federal Reserve System.
  7. Wikipedia | Creature from Jekyll Island by Edward G. Griffin (American Media, 1998) Amazon,
  8. Wikiquote | Quote by Mark Twain.  
  9. The Securities and Exchange Commission (SEC) has no interest in policing the investments of money fund operators. Mutual fund companies have misrepresented their funds by investing in long-term debt instead of staying in short-term cash instruments, many have resulted in non-liquid portfolios and large losses. Avoid highly speculative investments or casino-style gambling.
  10. Criminal Politics, June 1994 and American News Service, Winter ’95, p.4.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.39 – 45

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07. Americans Asleep at the Economic Wheel | Money | Sovereign’s Handbook

By Johnny Liberty

 Since 1913, most of the people of the united states of America have been asleep at the wheel of the world’s largest constitutional Republic and still does not know what is happening behind the scenes. 

Many people still do not comprehend the significance of what had occurred over time to abrogate their inherent, God-given sovereignty and freedom. Thomas Jefferson once warned us, if we are not vigilant, We the People may one day awaken, “homeless in the land of our forefathers”.

Surrendering More Than Money

After the American Civil War and the Federal Reserve Act of 1913, many Euro-American Citizens in the Southern States, had already surrendered their sovereign “state” Citizenship and became “U.S. citizens subject to the federal U.S. government via threat, duress and coercion. Euro-American Citizens were treated no better than “prisoners of war” which has created generations of resentment and misunderstanding to this present day. 

The 13th/14th Amendment allegedly “freed” the liberated African-American slaves. However, in truth, they became U.S. citizens subjected to the federal U.S. government instead of “state” Citizens of their respective states on par with other Euro-American Citizens. In other words instead of liberating slaves, all “citizens of the United States” became slaves. This shocking revelation began this author’s long road of research and exploration over three decades.

Between 1913 and 1938, American Nationals or sovereign “state” Citizens from the Northern states surrendered their sovereignty, thus became tenants, residents, franchisees, and U.S. citizens, like those from the Southern states. Formerly sovereign “state” Citizens would unwittingly contract into the jurisdiction and venue of the federal U.S. government corporation via the Social Security Act and numerous other adhesion contracts over the next few decades.

People surrendered their American National or sovereign “state” Citizenship by voluntarily registering as “beneficiaries” of this Federal Reserve Bank (FRB) Joint Stock Trust via a Certificate of Birth, which is an unrevealed trust instrument shifting your jurisdiction and venue in commerce with the federal United States. This Certificate of Birth Registration makes you property of the U.S. government and its principals-creditors.

In contrast, a Certificate of Live Birth Registration is simply a Verified Affidavit signed by the attending parents, physicians, nurses and midwives whereas a Certificate of Birth Registration is a commercial instrument signifying property registered with the U.S. Department of Commerce of the federal United States.

Surrendering the Gold

By 1933, the federal U.S. government, in collaboration with the Federal Reserve Bank (FRB) and its foreign principals/creditors, had already “hypothecated” all of the land, property, assets and labor of their registered “subjects”, in other words,U.S. citizens”

In 1934, the Federal Reserve Bank (FRB) called in its first loan to the federal U.S. government which was payable in gold. This singular act caused the Great Depression. With the assistance of Franklin D. Roosevelt’s (FDR) Executive Order (EO) the Federal Reserve Bank (FRB) essentially confiscated all the gold of We the People which was “mandated” by FDR to be deposited in the nearest Federal Reserve Bank (FRB).

This Executive Order (EO) only applied to U.S. citizens and federal government employees, but most people did not understand this distinction, so they complied, depositing all their gold into a Federal Reserve Bank (FRB) and received what would soon be worthless paper in exchange.

Today, every asset not held privately or held “in allodium” (absolute title to land) has also been “hypothecated”, assigned and transferred as payment to the private international bankers against the un-payable federal/national debt. At least twice a year the U.S. Congress has had to ask permission from the Federal Reserve Bank (FRB) to raise the debt ceiling and borrow trillions of more dollars until one day soon, the FED will foreclose on the federal U.S. government and the United States will come to a fateful end,

All Assets Owned by Sovereign Power Structure

Unwittingly, the united states of America and its people have returned to their slavish feudal roots long before the American Revolution. Today, all land and property is held by the United States and European Power structures under the control of private international central banks. 

The international central bankers became the Sovereigns instead of Kings or Queens. Now, 14th Amendment “U.S. citizens” have no rights to own land “in allodium”. We were reduced to tenants who “rent” property from the Sovereigns under the guise of the Federal Reserve Bank (FRB). We have exchanged one master for another. History repeats itself ad nauseum.

Tragically, We the People have become peasants, surfs, peons and “economic slaves” of this tyrannical chapter of a New World Order established in 1913. What were once “unalienable rights” have all been taken away, unless each of us takes the necessary steps to reclaim sovereignty and make a stand for freedom. The choice is yours.

References:

  1. Thanks to Chuck Atkins for this revelation. There was an original 13th Amendment, therefore this one is actually the 14th. More on this later in this book.
  2. Strawman Money Credit | Your Birth Certificate – The Great Government Money and Credit Scam; VitalChek | Original, certified copies of your Birth Certificate.
  3. Wikipedia | FDR’s Executive Order #6102 forbidding “hoarding” of gold in the United States. Many prosecutions were executed and upheld by the U.S. Supreme Court.

Source: Sovereign’s Handbook by Johnny Liberty (30th Anniversary Edition), Volume 2 of 3, p.36 – 37

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$99.95 ~ THREE-VOLUME PRINT SERIES
$33.33 ~ THREE-VOLUME EBOOK

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

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

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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