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Media....... 21

These media we are learning about may be material things, produced by labor, and having use value itself: copper, iron, brass, lead, bronze, nickel, paper, gold, silver, ivory, beer, salt, corn, rice, knives, hoes, tea, etc., etc. Any wealth in a durable divisible, transportable form may be used as I common medium of exchange. As long as the item used is in sufficient quantity to contain use value in proportion to the use value of the item it was exchanged for, it is non-inflationary, and can never be otherwise. In quantity, it is readily available for consumption directly at full use-value, or can be exchanged many times in proportion to its use-value (worth), or can be saved as a store of use-value. Such items as wealth media of exchange have the distinction of being demand or supply at the same time, with the role they will play being at all times at the disposal of the holder-owner. All transactions are final, complete, and fair at the time and place of the exchange.

Inflation cannot happen in this free market since supply purchased, and consumed, ceases to exist (having been consumed in use), and any supply that was converted to wealth media, and continues to exist is both demand and supply at the same time. Since inflation cannot exist in a free market, we must conclude that any market suffering the inflationary effect is not a free market. In this treatment of the wage-earner and his savings, we have not had one reference to "money." Money, with its use in the market, causes the "failing dollar parity." No market that uses "money" is a free market! The laws that force money upon a market deprive that market of its freedom.

The media we have been learning about were wealth, and the wealth in media form (gold-silver coins) for easy exchanges is real demand or supply. The old gold and silver coins that were used during the years of our country's greatest advancement are no longer with us; they were wealth, and everyone "knows" wealth doesn't work; the bankers taught us that gold (wealth) is a barbaric metal, it only works for governments and international bankers. When the people use it, it is bad for the country. Hitler told us that, also Stalin. Gold in the hands of the people is bad, bad, bad. Our Treasury says our people cannot be trusted with the means of controlling their government. There is no telling what the people may do. So our government in its infinite "wisdom" forbids us to use gold coins. Why? Because we have money, that is why! And it is better for the country that we the people use money. Gold requires labor to get it out of the ground and brought to market, and what banker wants to get his hands dirty. Now "money", that is different. "It" can be created easily, and abundantly -40, 000 pounds of paper, 21/2 tons of ink, and one day's labor of the personnel, and 50,000,000 bills of any denomination can be created. just think-for less than 0.000 17 1 oz. gold we can print a bill that can be exchanged for over a ton of gold, 3,121.0 oz. troy, to be exact. That is 18,000,000 times the cost to print the bill, or its worth. All they had to do was pass a law that says the people must give up their production for the banker's paper worth only 1/18,000,000th. of the value of the goods they give up.

The difference between the cost of production, or the use-value of the medium, and its valuation is infinitely variable. There isn't any set figure for it, but the "difference" is "inflation" in itself. When any difference exists, that difference is imaginary demand without being supply. Money is not a commodity, it is an intangible, it is a nothing, but it is very difficult to determine its exact volume contained in the various forms of legal tender. In a coin containing 90% silver, the general relationship can be said to be 90% commodity with use-value, and 10% money-that is 90% of the coin is a demand or supply medium, and the other 10% is imaginary demand only (without me-value that could be "supply"). The 10% that is "commodity missing" is intangible, immaterial. It does not exist, but since the coin has valuation of 100% (face value), it exchanges for 100% of its valuation in your production goods, but you only receive 90% wealth in return, therefore leaving a void of 10% which is inflation.

If shortly after the exchange the holder-owner would want t6 use the coin at its use value, and consume it as commodity, he would find he had been short-changed 10%. In other words, 10% of the transaction receipt would not be readily available to be directly consumed. The created money here is the difference between the bullion cost, and the valuation of the coin minted, and is called "seigniorage" in the language of the mint.

At this point, and where coins are concerned, "seigniorage" and "money" are one andthe same. The coins are an excellent way to see the money variation, on in the coinage. We have the half dollar or fifty-cent piece, which has in just seven years (1964-71) changed from being 90% demand or supply media to 97% imaginary demand (inflation), that is, 3C demand or supply in the form of copper-nickel and 97% money! Up to 1964. the U.S. half dollar had 9096 silver content (90% demand or supply, and 10% money); from 1965 through 1969 it contained 40% silver (40% demand or supply and 60% money); then in 1971 U. S. half dollars with "zero" silver content were minted. The use-value of the copper and nickel content of it is barely 3% of the use-value of the products people must give up in exchange for it. Think of that when you exchange your production for our newest coinage. Ninety-seven per cent of the supply goes to the creator of the coin as profit, and only 3% continues on as a demand-supply medium to the people. Whether it is the treasury creating a coin at the mint, or a paper dollar created at the government Bureau of Printing and Engraving for the Fed, or a "dollar" credit creation at the commercial bank member of the Federal Reserve System, money is always the same. Money is imaginary demand created without the quality of being directly usable as a commodity since its commodity value is somewhere within a range of 0.9 to L0 ratio to: 18,000,000.0 to 1.0.

Whoever creates the money gets the profit from its creation, and the excessive profit is always hidden because of the valuation of the currency. The legal tender law says it is legal tender for what we exchange it for. Legal tender law forces the people to accept' something that can be worth only 1/18,000,000th. of the value printed or stamped on it. Taking this amount of profit is robbery or burglary, according to whether or not you are aware of the true conditions. In any case, it is stealing, and its effect on our market and economy is ruinous, whenever anyone can create money, and take from our economy great quantities of our products without having had to labor to produce the media; it has a tremendous and irrevocable unbalancing effect on that economy. It is "licensed stealing" and cannot be justified in any way. The missing supply represented by the money mass now creates an equation where no equation could exist before. Money (imaginary demand) without being supply now can exist on the opposite side of the equation, and create the tremendous imbalance which results in a "falling dollar parity," the dollars (imaginary demand) on one side, and the demand or supply media as "supply" on the other. Only by the combination of legal tender law, and money, can our free market natural parities be upset, forcing the people to take dollars for products in lieu of products in return is interference with the free operation of the market, and manifests itself in the immediate formation of a mass of money (imaginary demand) that cannot in any way be eliminated by anyone except its creator (he has the wealth for which it was exchanged and would have to redeem it). And until the creator can be forced to redeem it, the market has to absorb it. The market now has an imbalance, and the imbalance is inflation, and inflation can only be eliminated by deflation; deflation by redemption or repudiation and repudiation means all losses acknowledged and suffered.

To make it perfectly clear that using only demand or supply (wealth) items as media prevents interference with a free market, and that money itself is inflation, we will prove to ourselves that creating imaginary demand that is not supply is absolutely ruinous to the economy. With a little experiment, and using our own personal economics as a model, we can prove it.

it is possible to open a checking account at a bank and deposit only enough to open the account, and then live like a king without having to labor anywhere near the equivalent of the labor that went into the production in goods and services you can use and consume by the very simple art of creating imaginary demand without creating supply in equivalent amount.

The practice here outlined is forbidden to us by law; so although this can be done in actuality, it can be understood just as well if only done on paper, for example purposes only. We have opened our account, and have received our checkbook, and are now about to embark on the good life.

Media.......... 23

First, decide how much money you would like per week to live on-$100.00, $200.00 or $300.00 or what. Then decide when you want your pay-day to be, daily, weekly, or monthly. For our example we will start with $125 .00 a week, and we wish to be paid daily, on week days. On Monday we write ourselves a check for $25.00, and cash it at the local supermarket; that is our first $ 25.00, use it, and enjoy it, it is for spending on the good life. Tuesday write a check for $50.00, cash it at the supermarket, and send $25.00 to the bank to cover the check from Monday, the other $25-00 is for spending, use it, and enjoy it. Wednesday write a check for $75.00, cash it, and send S50.00 to the bank and spend the other $25.00. Thursday write a check for $100.00, cash it, send $75.00 to the bank, and the other $25.00 is yours. The life you are leading is good; you decided on $25.00 a day, but you could have $50.00 or $ 100-00 a day, it is just as easy. You do not have to pledge anything to qualify for the money. You just write check, and cash them, and as long as you write a bigger one every day, and send the amount needed to cover the check from the day before to the bank, you can go on like this. It takes more than one day for the check you write to go from the store where you cash it, to its bank, and then through the clearing house to your bank for collection. As long as you make sure you cash a bigger check each day, and deposit the amount necessary to cover the check from the day before, you have got it made.

What you are doing is using your ' credit-creation" power. When you cash your check at the store, the cashier believes you have the money in your checking account to cover it, and since your intentions are good, its no use to get sticky about it, you know that by the time the check gets to your bank for collection, the money will be there, so it's a silly rule to say that you must have the money on deposit before you write the check. You know you are good for it. You know the Treasury of the United States sells treasury bills to the people before they get the tax collections from the people to cover them. They do it all the time every day, day in and day out. Why can't you?

Big corporations, when big loans come due, simply refinance. Well, is that any different, when you have a check due for collection, you simply write a bigger one to cover the one due, and a little extra to live on; that isn't any different from what big business does each and every day. Writing bigger checks each successiveday, it doesn't take long till the check is quite large, and it might be difficult to cash it at the store, so simply write two checks at that point, and use two stores. You can go on quite a bit longer then before the two of them become large, and you might have to split again; but if you just keep your wits about you, you can live like a king, and only have to write checks and cash them as your only labor expended. All you are doing is using your credit creative powers, and since only you are involved in it, you can decide how much credit to extend to yourself. Our Treasury has been creating bonds for over fifty-eight years at this writing, and is still going strong. They "cash" the bonds at the bank as collateral for the loans and they simply create more bonds when they need money for interest (writing a bigger check). Our system is even better. You don't have to make a loan, just -decide to use your own credit creative power like the

bankers do themselves. The banker creates the dollars; there isn't any deposit anywhere with which to pay them off. They have even a better system, They create it to start with, and use it to buy from us. We cannot ask them to redeem them, but they insist you send them the money to redeem your check, but then, again,, one system is as good as another as long as none of us ever has to pay off the debt we ring-up. There is a debt that accumulates. Just at $25.00 a day at the end of the first year, you would be writing checks in the amount of $6,200.00 a day, going up $25.00 a day from there. Creating all this credit for ourselves, and purchasing the good things of life for the money, and not working, we have been taking $25.00 a day in goods and services out of the market. By not working, we haven't been putting anything into the market, we have been creating a lot of imaginary demand, without creating any supply. And that, we know, is creating an imbalance, and that imbalance will cause a "falling dollar parity". In creating a little credit for ourselves, we have created inflation and its effect upon our economy is to embezzle a little wealth from each of a great many others.

Well, right there is the whole thing in a capsule. If we had first produced, sold in the market place, and then put our wealth in the bank before we used it to buy other products, the check we wrote would have been an order to transfer our wealth on deposit in our account to the account of the one who cashed our check, and there would have been supply that can also be real demand. By creating an imaginary demand (credit-money) without producing any goods, we have influenced our free market operations, and created an imbalance which will have to be absorbed by the market. The extra imaginary demand which is not in itself supply, will still be out there claiming the products of others while not being products themselves. Inflation is this imaginary demand (that is not supply), the bonds of the Treasury, in advance of the supply to back them up, issued as imaginary demand, or the money created by the bankers for which there will never be any supply.

The production of all the workers in industry which is demand or supply in itself will now be diluted by the addition of this imaginary demand which is not supply, like adding water to wine. The more imaginary demand (water) added to the demand-supply media (wine), the "weaker" the media become, and the "weaker" they become the lower in value; and the lower in value, the more it takes to buy something with them. This condition is called "rising prices" in error, it is the 'falling dollar parity" (inflationary effect).

As soon as any medium is allowed to be used in the market place that is not in itself supply that is real demand, there is the possibility of counterfeiting and wrecking the market "price level" (falling dollar parity). Whether it is ten per cent counterfeit or ninety per cent counterfeit, the wrecking begins with the first bit. The degree determines the time till collapse, and since in Just seven years (1964-1971) our last line of defense, the silver coin, has gone from 10% counterfeit to 97%counterfeit, the time between now and the collapse is reducing at a rapid rate.

Let us go back to our little experiment; at the end of the first year you were writing checks amounting to $6,200.00 a day. We'll say that approximately $400.00 was about the most you could cash at a store, and almost any store will cash a $50.00 check, so say a good round average would be $200.00 that you could reasonably expect a supermarket to accept and cash for you. With 2 $6,200.00 a day creation, you would have to reach 31 markets in a day, and every eight days you would have to add another one to your list. The list would have to keep expanding because your over-all debt would be expanding, and since you have been using the money for the good life as you created it, it is gone and cannot be used to pay off this debt. In fact, once started, it cannot be stopped, and, continued onward, it leads to another market every eight days. 62 checks, and markets in the second year, 93 checks, cashings at markets, and deposits a day. How wide an area would you have to be able to cover in a day cashing checks? Unless you carried the cash to the bank from each check separately, You would be going around with $18,000.00 a day in cash just to get your $2500. How long would it be before the $25.00 a day would not pay the expenses of making out 93 checks a day, taking them to 93 supermarkets for cashing? Can we agree now that this cannot lead anywhere except to utter financial collapse of your economy? Your economy in the example was based on credit instead of already produced wealth. It was based on money Instead of wealth savings from your employment or business. Any economy so managed as to be dependent on credit expansion is doomed also; it cannot escape. But, like our little experiment, who knows when-they will realize it, and give in to natural law. Some people would give up at 31 supermarkets. a day-others at 62 supermarkets a day, and, I suppose, some would keep trying, and never see the light until they themselves collapsed from exhaustion.

Wealth =Supply or Demand =Barter or Medium of Exchange by natural law.

Wealth ....................................................................................................................................................................................Partial list

Goats. . . . . . . . . Cowry Shells . . . . . . . . Knives . . . . . . . .. Corn . . . . . . . . . . . . .. ..Bronze

Horses . . . . . . . .Tortoise Shells . . . . . . . Hoes. . . . . . . . . . .Rice. . . . . . . . . . . . . . . Nickel

Sheep . . . .. . . . . Whale Teeth. . . .... . . . . Axes. . . . . . . . . .. Tea. . . . . . . . .. . . . . . . .Paper

Pigs. . . . . ...... . . Porpoise Teeth . . .. . . . .Pots . . . . . . . . . ...Salt . . . . . . . .... . . . . . . .Copper

Cattle. . . . . . . .... Boar Tusks. . . . . . ..... . Boats. . . . . . . .. . . Wine . . . . . . . .. . . . . . . .Silver

Fish . . . . . . . .......Ivory. . . . . . . .. . . . . . . Stones . . . . . . . ... .Beer. . . . . . . .. .. . . . . . . Gold

Leather. . . . . . . .. Wool . . . . . . . .. . . . . .. .Clay. . . . . . . .. . . . Iron. . . . . . . .. . .... . . . . . Lead

Tobacco. . . . . . . Wampum. . . . . . . . . . .. .Pitch .. . . . .. . . . .. .Brass. .. . . . . . . ... . . . . . Aluminum

Imaginary Demand = Mediums of Exchange= Man's Law.

Money Terminology . . . . . . . .. . . . . . . .. . . . . . . .. . . . . . . .. . . . . . . .. . . . . . . .Partial List

Government Debt . . . . . Banker's Debt . . . . . . . .Corporate Debt . . . . . . . .Private Debt

Bonds . . . . . . . .. . . . . . .Bonds. . . . . . .. . . . . . . . Bonds . . . . . . . .. . . . . . . .Notes

Treasury Bills. . . . . . . . Notes. . . . . . .. . . . . . . . Notes

Treasury Notes . . . . . . . Certificates . ...... . . . . . .Certificates

Paper Tokens. . . . . . . . Dollars
Metal Tokens. . . . . . . . Marks
. . . . . . . .. . . . . . . .. . . . Yen
. . . . . . . .. . . . . . . .. . . . Francs

All dollars are created to represent debt-expropriate wealth. Tangible representations of money are paper and metal tokens, bills, bonds, notes, etc. Money is imaginary demand, is credit and all forms of potential credit for which tangible representations of money (tokens) may be created. Tokens representing imaginary "dollars" are made mediums of exchange by government edicts (legal tender laws).

All the wealth items are representations of labor expended in production, collection, extraction, etc. They are, or are not, mediums of exchange by free consent of the acceptor. If, any item were suddenly found in great quantity, it would cause lowering of exchange value (parity) in relation to other commodities, a natural law of competitive production parities. In a free market, exchange values of wealth or tokens are subject to the natural law of competitive production parities. If man's law tries to violate the natural law of competitive bidding which determines the competitive production parities, an underground free market rapidly develops, which government immediately labels a "black market."

Wealth items (commodities) as exchange mediums are generally bulky and many are subject to spoilage. Gold and silver coins have evolved from a free market as wealth commodities having durability, divisibility, and being easily transportable.

They form a relatively stable medium of exchange and have enjoyed that frame of reference through thousands of years.

If gold coins were suddenly to rain down from the heavens, it would cause them to have a lower parity (exchange value) and it would cause "higher prices" (failing gold coin parity) (natural law of competitive bidding). But in thousands of years there hasn't been one case reported.

''Money" The Greatest Hoax On Earth. . . . . . . . 26

Monetized debt (money) as a medium of exchange is created by authority as a means of perpetuating its power. Authoritarian desire for power will never cease, and therefore the attempts at creation of money will never cease. Government in a free market economy is limited in its spending by the necessity to collect taxes from the public, Government able to monazite its debt (create money indirectly) will never cease to accelerate the process. Once begun, inflation feeds itself and accumulates at an ever increasing rate, until panic runaway "failing dollar parity" collapses the economy, and in thousands of years there have been many cases reported.

Gold and silver coins as wealth commodity mediums of exchange are relatively stable, and require only slight adjustment in a free market by means of competitive bidding for variations in the forces on parities, of time, location, and circumstances.

Money as a medium of exchange is inflationary from the moment of creation, and requires continual adjustment as the money volume is expanded. Money creation rate always increases rapidly and steadily until a state of hyperinflation (dollar glut) (runaway falling dollar parity) is reached; the inevitable result of which is financial collapse.

Natural Laws cannot be violated by man or government!

For 150 years America had a fairly stable currency parity while people had "free coinage" (gold and silver coins) (specie redemption) and fiat was held to a minimum,

In the past 58 years since the passage of the Federal Reserve Act, we have "progressed" from I billion dollars of imaginary debt to 2,000 billion dollars of imaginary debt,

Financial collapse is due at any time now!

Webster: Medium of exchange = money.

3. Money = wealth reckoned in terms of money.

4. Money = any form or denomination of coin or paper lawfully current as money.

5. Money = Anything customarily used as a medium of exchange and a measure of value, as sheep, wampum, gold dust, etc.

6. Money = Written or stamped promises or certificates, which pass current as a means of payment; paper money.

Webster :

1. Payment = act of paying.

2. Payment = that which is paid.

3. Payment = punishment; chastisement.

When wealth is exchanged for wealth - No promise is involved,

When wealth is exchanged for money - An imagined promise is involved.

Money cannot be wealth (3) and a promise (6) at the same time.

When wealth is received for wealth Payment has been made.

When money is received for wealth Payment is promised (we think).

Money is an imagined promise of payment in wealth, will be made only when money Is

redeemable as a measure of gold dust, etc. (5).

Money passes as payment only when it has written or stamped promise (6) and then it is a

certificate "payable to bearer" and no longer "money." Money is not wealth! Money can only be a psychological medium of exchange (imaginary demand). Wealth is not money! Wealth can be barter or a medium of exchange (real demand). Exchanges of wealth for money are incomplete and not final.

Media . . . . . . . .27

Money is an imagined promise held for future exchange for wealth and is therefore a

medium of exchange (imaginary demand).

Exchanges of wealth for wealth are complete and final. Therefore wealth accepted in lieu of wealth-form desired is a medium of exchange.

Wealth used as a medium of exchange is "real demand."

If the wealth-form received is the wealth-form desired, the transaction was bartering.

If the wealth-form received was not the wealth-form desired but will be exchanged later for

the wealth-form desired, then the wealth received was accepted as a medium of exchange.

Wealth can be barter or a medium of exchange!

Money can only be used as a medium of exchange; in imagination!

A paper "bill" token represents a record of imaginary debt. It is non-redeemable and is no promise of any kind. Its wealth value is practically nil, it has no ability to satisfy human desires directly. It has exchange value only by fraud. It is not a commodity and used in exchange it is subconscious robbery (embezzlement).

A silver "dollar" coin weighs 420 grains .900 fine silver. It is wealth. It has ability to satisfy human desires. It is man made and has exchange value. It is a commodity and used in exchange it is real demand,

Exchanges made with silver or gold coins are always final exchanges, because they are exchanges of commodities for commodities. Wealth is given up, and wealth is received, the exchange is complete and finally settled, with the initial wealth exchange.

If the gold or silver coin received is kept intact as a coin, and is used in exchange to ac. quire other goods later, then the coin was a medium of exchange. Precious metal (gold and silver) coins are wealth and can be mediums of exchange.

Exchanges made with currency redeemable in wealth are exchanges using currency as a medium of exchange. A wealth for currency exchange cannot be final, because to get the wealth, for the wealth given up', would require presenting the currency for redemption, (a second exchange), Using the currency to acquire other commodities, would also require this second exchange.

With the currency that is not wealth itself, the transaction cannot be barter, and the currency can only be a medium of exchange.

Tokens as mediums of exchange cannot be barter!

Gold and silver coins are wealth - can be mediums of exchange or barter. (Wealth in wealth "form" desired, if the coins were desired for saving or consuming as supply.)

Money is a medium of exchange - always (Webster agrees). Wealth is a medium of exchange - only when used as such. Wealth as a medium of exchange is real demand.

Money as a medium of exchange is imaginary demand. Wealth is not money! Money is not wealth! Money is "seigniorage": The difference between the worth value of the wealth in a coin,

and its value in terms of "money."

When "prices" rise or fall, we are accustomed to paying more or less "money.

If "money" is "wealth" expressed in terms of "money" (Webster) then: Prices rising or

falling demand exchange in higher and lower amounts of "wealth" per se.

If the terminology of "money" were omitted, we would then realize that nothing ever has a fixed price in relation to any other thing!

It is the terminology of money: Dollar - Franc - Pound - Mark - Rand - Lira - Guilder are really "non entities," and exist to facilitate debasement of wealth in its most convenient .1 medium-of-exchange" form: coins.

If fractional weight coins of silver were the common units of -exchange in the market place, then: All "prices" would fluctuate in amounts of silver required to effect an exchange.

"Money" The Greatest Hoax On Earth . . . . . . . .28

Absolutely - Positively no debasement could occur because "prices" would be directly related to amounts of silver.

All exchanges being effected would be final - as wealth was received for wealth.

But when names are used, and -prices" of goods are listed in "dollars", the opportunity to debase is positive!

When a "dollar" is 1.0 ounce of silver in coin form with its weight and fineness stamped on it, it is a 1.0 ounce silver unit of exchange, and as such it is "wealth."

When a "dollar" is 0.9 ounce of silver, and 0.1 ounce copper and the law says it must exchange as if it were 1.0 ounce of pure silver, then it is FRAUD.

Anyone accepting a coin of 90% wealth and 10% "money content" is being embezzled of 10% of his due payment.

Anyone accepting paper "dollars" (content $0.006 wealth, $0.994 money) is being robbed of 99% of his due payment.

If "prices" were marked in "weights of silver" and unredeemable paper tokens were received, the fraud would be evident!

When "prices" are marked in -dollars- and "dollars" are received, any promise would be hidden, and could later be repudiated.

Money is not a substance - it does not exist in reality, it is only a figment of our imagination.

Money is an imagined "promise" that "it" will be accepted later in exchange for a substance.

Money "exists" only in the mind of man - it is created out of thin air, and recorded in books of account.

The books of account are used to facilitate the image of "wealth" for :money'' as all respective identity is lost when accounts are kept in terms of "dollars."

When a creator creates "dollars" they are his.

If a government mints a "dollar" token at a cost of 31C it accepts the 97% difference as a profit.

When the creator uses the $ 1.00 token to make a purchase, the vendor will be cheated out of $ .97 of his due payment - the creator will get $1.00 value for 31; cost.

For as long as that token will be used as an exchange medium, it will contain 3C of worth 970 of imaginary demand (inflation) and it can never be redeemed except by return to the creator, by the last holder, for full "face-value" in wealth, but that would be redeemability, and redeemability has been repudiated,

So "money" (imaginary demand) once loaned into circulation by its creator becomes "irredeemable imaginary demand": inflation.

Bank Cashiers Check =Bookkeeping Entry Tracing Debt.

Certificate of Deposit = Bookkeeping Entry Tracing Debt.

Savings Account Passbook = Bookkeeping Entry Tracing Debt

Payroll Check = Bookkeeping Entry Tracing Debt.

Personal Check = Bookkeeping Entry Tracing Debt.

Money Order = Bookkeeping Entry Tracing Debt.

All the above and many more varieties are only paper and ink.

A "dollar bill" or any paper token is only evidence of a record of debt, created at low cost. 40,000 pounds of paper, 2112 tons of ink can be transformed into 50,000,000 Federal Reserve Notes; if each were a $100.00 bill, that is $5 billion. Roughly it costs only .6Cents (6 /100ths of 1 cent) to produce each $ 100.00 paper token. Unless it is redeemable in wealth, it hasn't any "value" greater than its cost to produce. Government forces the acceptance of these notes in exchange for "citizens wealth," at legal tender face values thousands of times greater than the wealth they represent. Face value control in vested in government.

You can print paper tokens to represent money.

Media . . . . . . . .29

Gold and silver coins are obtained through great human exertion, hence their high value, and when freely exchange, their wealth value (parity) in relation to other commodities is determined by competitive bidding. You cannot print wealth.

Natural Law: Take away all that a man earns, and he stops working.

Supply: Anything produced by human exertion, having exchange value.

Demand: Anything produced by human exertion, having exchange value.

Wealth: Anything produced by human exertion, having exchange value.

Producer: One who produces wealth.

Consumer: One who uses or consumes production (wealth).

Producers Desire Wealth Consumers Desire Wealth

They: They:

Producer Supply Producer Supply

Consumer Supply Consumer Supply

Producer and Consumer are one and the same!

All exchanges are Wealth for Wealth.

Demand = Supply = Wealth.

Money creation and use creates a condition that disturbs the balance indicated above. Man labors to produce goods for exchange with his fellow man; he will "buy" what he needs with the proceeds of the "sale" of his production, what he "buys" will be the production of others. Therefore the producer and consumer use the same basic material to satisfy their wants.

In his efforts to produce, man overproduces; produces more of his own product than he himself can consume. This overproduction is exchanged for the overproduction of others and the excess over consumption and exchange is savings. Savings in the form of food could spoil and would require refrigeration. Savings in the form of non-perishable production might require warehousing, etc. Man tends to keep his overproduction savings in the most convenient form; something non-perishable, small enough to not require warehousing, and easily transportable.

The efforts to reduce savings to the above requirements always lead to the use of precious metal or jewels. The turning of one's excess of production, over consumption and exchanges, into wealth as a durable, easily transportable commodity, automatically becomes the turning of one's savings into the form of precious metal coins which are excellent mediums of exchange. One's own wealth (savings) becomes the exchange medium by which all transactions are made final. Man owns his own medium of exchange, and the more he labors, the more he can increase his purchasing power, -and the greater his purchasing power, the greater the, wealth (supply of goods) he has created and offered on the market to exchange for the "savings media" of others. There is never any need for money.

Savings in wealth form, precious metal coins, jewels and many, many other possible commodities, may be loaned to fellow humans as capital to facilitate industrial progress. Wealth borrowed may be paid back with a gain for the use of wealth. Human labor employed in the production of wealth tends to overproduce (produce an amount beyond direct sustenance needs). "In all toil there is profit" (Proverbs 14-23).

"Money" The Greatest Hoax On Earth ............30

The overproduction can be used to provide the repayment of the loan plus a generousoverage as rent for the use of he wealth, as capital, which provided labor with the tools of production. This repayment of more than was borrowed is possible because the repayment may be in like kind as borrowed or a wealth readily acceptable to the one who loaned the wealth where legal tender laws are not in existence to forbid it.

Any man can apply his capital and his labor to produce wealth, There isn't any limit to man’s ability to create wealth for himself if he is free to exercise his ambition, to the limit of his ability, to satisfy his desires. This fact is proven over and over again; witness the subsidies paid to farmers et al. not to grow food, etc., because the "price" would fall if he grew all he could on his land. But, today, man is not free to employ his labor to produce wealth, and use that wealth directly in the market place.

The legal tender laws allow the bankers of the Federal Reserve System to have the exclusive right to create and distribute the money of the United States, and the citizen must accept that money as his full payment for goods produced or services rendered. But the money created and issued bears seigniorage, and the seigniorage is burglary. The true worth of a dollar bill is S.006 money value or .000 171 ounce gold value. The true worth of a dollar varies with the form in which it is received. Seigniorage is the difference between the cost of the bullion in a coin, and its valuation by legal tender law. A half dollar coin (1964) is 90% wealth (silver @ .899 purity), and 10% money - a half dollar coin (1965) is 40% wealth (silver @ ADO Purity), and 6096 money - a half dollar coin (1971) is approximately 3% wealth (the copper nickel metal content), and 97% money. A paper one dollar bill (material and labor = S-006 is .6% wealth, and 99.4% money.

When anyone gives up his production for money, he actually receives only a small fraction of the wealth he should receive in return. In effect, 100 copper pennies are worth much, much more in copper content than ten 1965 dimes in copper and nickel content; but ten dimes (1964) would be worth much, much more than 100 copper pennies.

The expropriation of wealth takes place each and every time money is accepted for the wealth of the producer. The degree of expropriation depends upon the form the money is in. The dollars are created by the bankers, and they take title to their creations, which is 100% expropriation, but by distributing tokens they are in fact embezzling the wealth of the ultimate receivers and holders of those tokens by the exact amount of the difference between their "face" legal tender value and their real worth in use value of the materials they consist of A $5,000.00 p4per token equals an embezzlement of $4,999-994 of wealth.

The distributor of the token, the banker, initiates the first fraud when he accepts something of wealth equal to 142.857142 ounces of gold (5,000 times a dollar's I /35th Oz. .999 fine) and gives in return a piece of paper worth only .000171 oz. gold, with absolutely no promise of restitution of the balance, at any time. The receiver of the paper 5,000 dollar Federal Reserve Note he been embezzled out of 142.856971 oz. gold, and does not realize it; but when he passes the token on to someone else in exchange for wealth, he is himself now guilty of fraud. An embezzlement takes place each and every time the token is exchanged for wealth. If a holder takes the paper token into a bank and exchanges it for - smaller denominations, it still results in fraud. If he asked for 5,000 $ 1.00 paper tokens, he receives worth in amount .855 oz. gold (5,000 x .000171), and gives up .000171 oz. gold. Only when giving up a large quantity of small denomination paper tokens for one of a large denomination is there a lack of fraud. These embezzlements can only be eliminated if the original creator of dollars redeemed the tokens for the full face amount in wealth; but once created, sad the proceeds of the theft spent, the originator can never redeem it.

Once created, money can never be entirely removed from circulation without someone losing the wealth of debt it represents. Money is created by the banker, and he is the only source. The banker charges interest, and the borrower must pay back the loan and the interest. Interest is a money (imaginary demand)'charge for the loan of "money." Since the banker is the only source of money, more than was received cannot be paid back.

Money-legal tender ............31

The money for the interest does not exist, and therefore can never be PAID. The new loans (to pay the interest) accumulate, and are compounded, becoming increased principal (debt feeding on itself). Therefore, more and more wealth must be pledged to the bankers for more and more created money to pay the payments as they fall due, but the ever increasing debt mass can never be eliminated. It must just keep on accumulating and compounding until the productive capacity of the borrower is insufficient to pay the interest payments, and the economic collapse is fact.

The use of money is a direct means of expropriation of wealth, but only the creator reaps the harvest of the wealth of the people. The government which passes the legal tender law also becomes a victim of it. The Treasury-issued U.S. Notes (IOUs) are non-interest bearing, and are redeemed in payment of taxes. Government bonds are held by the bankers, purchased by the bankers with dollars they create for the Treasury to use in Its checking account. Dollar tokens (Federal Reserve Notes) are printed at the Bureau of Printing and Engraving to be representations of the created bookkeeping "dollars," and are signed by the United States Treasurer and Secretary of the Treasury (to complete the illusion). Corporation Bonds, etc. are held by the bankers, and can never be completely redeemed, because the loan can never be fully repaid. The people's wealth is gone - exchanged for worthless created dollars and paper tokens. Everyone ends up bankrupt, and the bankers end up owning everything, and controlling everyone. (By Fed definition the PUBLIC is any person or institution other than a monetary authority or a commercial bank.)

Legal tender laws must be abolished. People must be free to make their exchanges in wealth mutually acceptable to each other; only then can the people own the wealth of the nation. This is vital for the progress of the nation and civilization.

The very words "This note is legal tender for all debts public and private" take away our Constitutional right of contract.

Until the year 1861, all paper "money" in the United States was issued by state chartered banks and was known as state bank notes.

Demand notes (green backs) were the first paper "money" issued by the United States as authorized by Congress in 1861.

In 1862 United States notes were authorized by an act of Congress. These notes were issued against a gold fund held in reserve at the treasury and the amount of notes outstanding has always been maintained at $346,681,016.00.

The Act of February 25, 1863, is the basic act for our present national banking system. This act provided for national banks and the issuance of notes by them. The banks issued notes against United States bonds, deposited by them with the Treasurer of the United States.

First charter period: 1863 - 1882

Second charter period: 1882 - 1902

Third charter period: 1902 Permanent.

Silver certificates were first authorized in 1878. These notes were issued against silver dollars (coins) held in the Treasury for their redemption. Later issues were backed by silver bullion, and the obligation to redeem them in silver dollar coins has been removed from the face of the notes since 1934. On June 24, 1968, the Treasury ceased the redemption of silver certificates. They are now ordinary circulation notes.

The first gold certificates issued for general circulation were the series of 1882. These notes were issued against gold coins held by the treasurer for their redemption. The last issues were the small notes of 1928. In 1933 all gold certificates were ordered to be returned to the Treasury for redemption. In 1964 these restrictions were lifted and collectors were permitted to hold them.

"Money" the Greatest Hoax On Earth ............32

Treasury or "coin notes" were authorized in 1890. They were redeemable in either silver or gold coin. There were only two issues, 1890 and 1891,

Federal reserve notes authorized by the Federal Reserve Act of December 23, 1913, issued at the discretion of the Federal Reserve Board, released through the twelve federal reserve banks, obligations of the United States. The original act provided for their redemption in gold at the United States Treasury, or lawful money at a federal reserve bank. The 1. gold reserve" act of 1934 made them redeemable only in lawful money (other paper),

These notes were issued in 1915 and 1918 by the federal reserve banks under conditions similar to national bank notes. United States bonds or other securities were deposited with the United States treasurer. While these notes were issued and redeemable by the issuing banks, they are secured by and are obligations of the United States.

The United States is divided into 12 federal reserve districts, in each of which is a federal reserve bank. Each district is designated by a number and the corresponding letter of the alphabet.

I-A-Boston ............5-E-Richmond ............9.1-Minneapolis............2-B-New York............ 6-F-Atlanta

10-J-Kansas City ............3 -C- Philadelphia............ 7-G-Chicago............ 11-K-Dallas............4-D-Cleveland

8-H-St. Louis............ 12-L-San Francisco

Only United States notes and Federal Reserve notes are current today (1968 -).

Federal reserve notes are "legal tender" (lawful money) not even redeemable in paper any longer.

No gold coin is in circulation.

No silver coin is in circulation.

We are a total "fiat" (record of debt) monetary system: 100% total expropriation of wealth for every dollar created plus interest - tribute extracted annually - currently at the $20 billion level.

In the United States of America, under the federal reserve monetary system, the more industrious its people become, the greater their burden of debt! Salaries and wages received in money (federal reserve notes) are increases in the amount of imaginary debt we owe!

A non-citizen of the U.S. holding a federal reserve note thinks he has a claim against the citizens of the U.S. for the face amount of that note.

A citizen of the U.S. holding a federal reserve note thinks he has a claim against himself. it is (he imagines) an IOU, and it is an obligation of the U.S.A., not of the banking system that issued it.

For the purposes of understanding we will give names to two areas on the face of the federal reserve notes that bear legends.

The upper left quadrant on the face will be referred to as the "validation area" and the bottom center section of the face will be the "promise area."

On the federal reserve notes issued 1928 through 1933 the legends were:

Validation Area:

Redeemable in gold on demand

at the United States Treasury

or in gold or lawful money

at any federal reserve bank.

Promise Area:

The United States of America

will pay to the bearer on

demand (quantity) dollars.

Money-legal tender ............33

The validation legend states the note is redeemable in gold on demand at the United States Treasury. It is a federal reserve note, an IOU, distributed by the banking system, but collectable in gold from the people's treasury. It also states that one might obtain. Gold "or" lawful money at any federal reserve bank. Its legend proclaims it to be promissory (claim on wealth) but redeemable in lawful money. The legend of 1928 influenced people into believing that the banking system and the people's treasury were equally responsible for the issue of the note.

A federal reserve note is a U.O.Me. (the "Me" being the holder) distributed by the banking system, not a certificate certifying gold on deposit at the treasury for redemption.

The legend states "at The United States Treasury or at any federal reserve bank," either place.

The "signatures" on the notes, on either side of the promise (the United States of America will pay to the bearer on demand . .) were of the Treasurer of the United States and the Secretary of the Treasury. The promise plus the treasury officials' signatures definitely convey the obligation to the citizens of the U.S.A. to be responsible for a note issued by the "banking system."

The banking system distributes the U.O.Me. tokens the treasury officials sign them, making them the people's debt in theory.

The intention was to create the illusion that the banking system 'Was a branch of the people's congress. The legend states "in gold or lawful money" at any federal reserve bank. The significant thing here is the treasury must give gold, but the bankers could give lawful money,

The Congress of the United States has never defined the term 'lawful money'.

The legends stayed on the notes until 1934 when it became necessary to change it to reflect the executive order forbidding the citizens of the United States of America to trade in gold.

The new 1934 legend was printed in quite large bold type:

Validation Area:

This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury or at any federal reserve bank.

Promise Area:

Will pay to the bearer on demand (quantity) dollars.

From 1934 through 1949 the type was large and bold, occupying four lines in the validation area. From 1950 through 1962 the type was quite small with the exact wording squeezed into three lines.

This note is "legal tender" (lawful money) for all debts, public and private, and is redeemable in "lawful money" (legal tender) at the United States treasury or at any federal reserve bank.

The original object of creating the ' illusion of the banking system being a branch of the people's Congress was perpetuated..

The relentless effort for eventual fiat was advanced with the lifting of the words "The United States of America" from the promise area to near the top of the federal reserve note. This lifting of the words from the original "complete promise area" helps to hide the fact that the people themselves are liable for the imaginary debt the' notes represent. It also helped by gradually reducing the noticeable printing in the "promise area" so that the eventual dropping of all "promise" would go virtually undetected. The new "validation" legend did, however, now provide a definition for "lawful money it is "legal tender." The banking system U.O.Me's marked "legal tender" and redeemable, were redeemable in banking system U.O.Me's (redeemable only in other units exactly like itself).

In one legend the banking system had managed to create the greatest "connotation deformation" in all history. The legend states the note is redeemable In "lawful money" which is "legal tender" -Webster. It is a promissory note by the redemption clause, and then is itself "the promised medium" by definition. The paper is redeemable in paper the promise is in fact its own fulfillment.

"Money" The Greatest Hoax On Earth ............34

The legend is a contradiction that was issued on notes for sixteen Years, and can still be found in circulation.

The legend was considerably reduced in size In the 1950 series notes, same wording but much smaller type. The legend was replaced in 1963 with a new wording "This note Is legal tender for all debts public and private." The same situation of declaring banking system U.O.Me's as legal tender (lawful money) and leaving off the words "will pay to the bearer on demand."

Without the words "will pay to the bearer on demand,'' and bearing the words legal tender (lawful) money, there is now absolutely no promise. No promise, none to be kept, total fiat, totally worthless, or records of debt, representing the debt itself!

We give up wealth to get these pieces of paper and it is only in our minds that we consider them of any value. We believe dollars are representations of wealth, and so we exchange them with others as valid claims on wealth. Anyone holding dollars received as wages, really believes they are a store of value. He worked to get them, and he reasons they must be good. Being able to exchange dollars with others, also believing in their value, keeps the image alive. Close examination will bear out that the promise to pay is no longer printed on the notes.

A note by its name, denotes a debt; it bears the wording "federal reserve note."

The words "The United States of America" printed on the dollar cause the assumption the citizens of the U.S.A. are responsible.

The words "one dollar" on the bill in the "promise area" along with the validation "this note is legal tender for all debts public and private" combine to create the illusion that whoever holds it has a claim on wealth in amount "one dollar." It is then a "record of debt" for one dollar for which any U.S. citizen must relinquish his wealth in amount of its face value. If you give up wealth to get a dollar note, you feel it is worth a dollar of wealth.

If you are a United States citizen and give up wealth to get a ''dollar," the token you get makes you "think" that you owe yourself for the wealth you just gave up to get it. A U.S. citizen holding dollars is holding records of debts he "thinks" he owes himself. The more industrious he becomes, the more dollars he gets to hold. The more dollars he holds, the deeper In debt he "thinks" he is.

If citizens of the United States kept the wealth they produced, and exchanged wealth for their fellow wealth producers, debt accumulation could not occur.

The banking system creates dollars and uses them to expropriate the wealth of the people. The people give up their wealth for "dollars" and are left with debt they owe to the Fed for the "dollars" the Fed created. The bankers create dollars and exchange them with the people for wealth, and are left with the wealth it costs them nothing to obtain. This entire situation is almost totally unknown to the citizens of the United States. The public is almost wholly unable to see anything wrong with the "money." The people know the economy is sick, and they know it is a thing called inflation. The entire trouble is the fact that we are without a wealth medium of exchange, or a redeemable currency. The dollars are building in volume, constantly created at an ever increasing rate.

Without any tie to wealth at all, totally unredeemable, there isn't any restraint to creation. Until the people study the monetary system and its present media we are doomed to monetary crisis. In monetary matters the people's lack of understanding is monumental.

"Money" is a "force of evil," and has been for thousands of years.

The manipulation of people by the creators of money could not occur without the people's ignorance concerning the true nature of money. The evil that "money" allows to be perpetuated by its creators can only be stopped by the truth.

The federal reserve is a system of private corporations (banks) owned by their stockholders and operated for a profit. The United States government does not own any shares in the fed system. The federal reserve system controls its own board of governors appointed by the president.

Money-legal tender ............35

The words federal reserve note across the top of the bill indicate it is a federal reserve IOU The words across the bottom formerly read the United States of America will pay to the bearer-indicating it is a government IOU Fed notes are printed by the government and distributed by the fed. Object is to have the holder assume that the Fed is a government agency.

Fed notes are paper tokens, representing dollars, which are created out of thin air by the Fed. The Fed only lends dollars into circulation and charges interest to the borrower. Each dollar created is a dollar debt owed to the Fed.

Reality: Fed note is a U.0-Me not an IOU

The holder of a Fed note holds a record of debt of dollars owed to the Fed. In no way does the holder of a Fed note "today" hold a promise by any entity to pay the holder anything.

Reality: The note is just physical "evidence" of a written record, somewhere, showing who owes the Fed that dollar.

The paper dollar bill was obtained by withdrawing from an amount at a bank. John borrowed 4000 dollars from his bank as a "deposit credit" in his checking account. John gave the bank his note for 4000 dollars. John gave Walter a check for 10 dollars. Walter cashed it at his bank. John's check cleared through Walter's bank and returned to John's bank and eventually returned to John cancelled. Ten dollars credit was deducted from John's account at John's bank, transferred to Walter's bank and credited to Walter's account.

This completes the record and links of the chain to show that ten dollars that John's bank owed to the Fed system, now is accepted as a deposit in Walter's bank and its origin is only in the record books. John's bank owes Walter's bank ten dollars, but John owes his bank 4000 dollars and John's bank owes the Fed system 4000 dollars, and Walter's bank owes Walter the ten dollars he deposited.

The Fed note as a paper bill is simply physical evidence of a written record of a dollar debt, somewhere.

When a bank issues a paper bill dollar its records show it received it from the Fed and owes it to the Fed.

The bill in circulation represents a record of a dollar debt of a member bank to the Fed.

When a dollar bill is deposited in the bank it is credited to the depositor's account and the bank has the physical evidence of a debt it can issue to another customer without having to borrow it at the Fed.

While paper dollar bills are in the hands of the public, the debts they represent are on the books of the banks owing dollars to the Fed, but since every dollar bill outstanding is loaned out at interest, the banks have every dollar covered by notes from the public.

Every holder of a dollar bill holds only the physical evidence of a debt, nothing more, nothing less. In itself it is not a promise to pay the holder anything. Holding a dollar does not mean that the holder owes the Fed a dollar.

Every Fed note held means someone owes a bank a dollar and that bank is the last link in a chain of records tracing the debt (dollar bill) (paper token) back to the Fed.

Every Fed note held is evidence of some wealth or service the holder was robbed of when he accepted it.

To get any wealth for a Fed note held (compensation for the loss), the holder must pass the robbery along to fellow producer who will accept it.

page 36 chart goes here

Money-legal tender ............37

People deposited gold and silver coin wealth into our federal reserve system of private bank corporations. They were issued federal reserve notes (assumed to be IOUs of our private central bank). The Fed notes are signed by officials of the United States Treasury, making them appear to be obligations of the people.

Whoever holds fed notes, thinks they have claims against the production of the people of the United States. When the people of the U.S, gave up their wealth, they received paper they think are claims against themselves, for the wealth they just gave up.

People use the fed notes to acquire the wealth of others, in so doing, they are accepting wealth from the new-holder-to-be of the paper, comparable in value to the same wealth they gave up to the bank. Since the people gave the wealth to the bank to get the paper, the new holder of the paper should take it to the bank to get his wealth. But since the bank doesn't produce any goods, the paper lust circulates among producers, and the bank doesn't have to redeem it.

Gold and silver coins are no longer in circulation; all that is left is the paper.

The bank will not redeem the paper, the people are left with a massive amount of paper they think are claims on wealth that they owe to each other! There are 100 billion of these "dollars" they think are claims on wealth they owe to foreign holders.

When people finish their weeks' work, they are no longer paid their wages in gold and silver coin (wealth). A weeks' work earns them "dollars" that they think are claims on wealth that they owe themselves for that weeks' work.

The more they work, the more they owe!!

The less they work, the less they owe!!

Why don't they all quit working, and get out of debt??

Humans seek to satisfy their desires with the least amount of effort. Human exertion results in the production of goods and the performance of services. The age of specialization demands that we use the production in excess of our own needs, in exchange, to obtain the things we need but do not produce ourselves. For an exchange to take place, the relative worth of the commodities exchanged must be mutually beneficial to both parties.

In a "free market" the exchange will be made in whatever commodity has become universally accepted as a medium of exchange: a commodity that through time and space has acquired a historic record of remaining relatively stable in value. Anything produced by human exertion, having substance, being able to satisfy human desire and having exchange value is "WEALTH."

Many forms of wealth had their turn in being "mediums of exchange "-goats, horses, animals of all sorts, leather, tobacco, knives, hoes, axes, corn, wheat, iron, bronze, nickel, gold and silver. When used in direct exchanges, wealth is called "barter." In indirect exchanges, wealth is a "medium of exchange." At any one point in time at any one market place the relative value of any one commodity can be expressed in terms of another: I lb. sugar = 1/4 lb. coffee or 1/4 lb. fish = 3 eggs, etc. Infinite variations would occur at different markets in different locations. Any commodity will vary in related value to other commodities, even location is a part of its exchange value. Any commodity that might be used as a medium of exchange must itself be subject to the self-regulation of a "free market." Therefore no medium of exchange shall be anything that is not the thing itself (wealth) or redeemable in wealth; and since it must be responsive to competitive bidding valuation it should be the most "relatively stable" commodity available. Relatively stable not inflexibly fixed, but always exchangeable at its true "free market" use-value mutually-arrived -at worth. Gold and silver coins have served excellently in this capacity far longer than any other commodity in histor%1. The historic value of gold and silver has never been abolished by mankind. If gold and silver coins were to suddenly rain down from the heavens in great quantity, it would cause them to become lower in exchange value, and have lower parities in relation to all other commodities as a result-(natural law of competitive bidding) but in thousands of years, not one case has been reported. Gold and silver coins as wealth commodity mediums of exchange are relatively stable and require only slight "automatic adjustment" in a "free market" when occasionally a new rich strike is made (that might require more of less human exertion, per ounce, to extract), and that potential is rapidly fading.

"Money" The Greatest Hoax On Earth ............38

Whatever in any time and place is accepted as a medium of exchange, in lieu of wealth, is imaginary demand in that time and place.

If "paper" is to be used as a medium of exchange, then it is imperative that it be redeemable in some fixed quantity of some commodity. Paper currency must represent a commodity for it to have any "use value" above its own wealth content per se. Paper currency can only have "exchange value" above its own use value per se by virtue of the use value" of the commodity it represents or exchanges for. The paper currency itself has very low wealth content, costing less than 6/10ths of Ii: to produce a one or hundred dollar bill token.

With political "legal tender" provisions, the wealth of the citizens is placed in the care of the central bank (Federal Reserve System) and the people use the bankers' distributed notes. When eventually the federal reserve notes are declared irredeemable, It must be acknowledged the distributor is bankrupt. Since the issuer took our wealth and gave us notes he not now honor, we must concede that our wealth has been expropriated.

If bankers require your pledge of wealth before they issue their legal tender notes, then their legal tender notes must include a claim on some of the banker's wealth, be it Corn, wheat, gold or silver. No paper currency note should ever exist without some form of already produced commodity" for which it is redeemable. To issue any legal tender-be it only one dollar-if it is not redeemable by the issuer at a fixed face value, weight, and fineness of a specific commodity, is imaginary demand. Any redeemable currency in existence must be recognized as a claim on wealth-NOT THE WEALTH ITSELF'

Any bank issuing legal tender note's that are not redeemable is actively engaged in the expropriation of wealth.

Anyone who passes an unredeemable legal tender note is actively engaged in the expropriation of wealth.

Government "control" over all private property is no improvement over government ownership of all private property.

The right of citizens to trade in gold and silver coinage, as provided for in the constitution and by means citizens own and control the wealth of its nation and its government, has been denied by executive order.

Wealth -exchanges freely-on historic use-value!

Money-exchanges by edict-on ignorance of its true nature!

The sole economic function of money is the expropriation of wealth.

Bankers instigate wars to acquire greater personal wealth. Wars cost more than the amount of wealth producers will pay in direct taxes. Governments create bonds to finance wars, and sanction counterfeiting to provide the, currency for bond purchases. Bankers buy bonds with created imaginary monetary units. U.S. Bankers acquire bonds and wealth with created imaginary dollars. By lending created dollars, bankers acquire possession of the title to wealth. By foreclosure bankers acquire the possession of the wealth, or with interest gained" from lending created dollars bankers buy wealth. The system if allowed to continue, assures that all wealth produced will eventually be acquired by the creators of dollars, and all created dollars will eventually become absolutely worthless.

Force of evil ............39

Governments fabricate metal and paper tokens to make imaginary monetary unitsbelievable. The tokens are accepted by the people as being the monetary units they only represent. Tokens are marked with "par-face-values" greatly in excess of their cost to fabricate. The difference between this "cost" and "par-face-value" is called seigniorage. Seigniorage is "money," the "credit" extended by the receiver accepting this "differential" as having "value."

The "differential" is accepted as "value" but is psychological in nature and cannot be used or consumed. This " imaginary-demand -value" that cannot be supply is "Inflation." When inflation gets into the economy, it causes an inflationary effect (falling dollar parity). Holders of lesser "value" monetary units will exchange them for higher "value" monetary units. The nation with the least inflation has a monetary unit with a higher parity. The nation with the most inflation has a monetary unit with a low parity.

Controls are only cosmetics that temporarily hide the effects of "natural law" on the economy. The only cure for inflation is deflation, and deflation exposes the burglary. Expropriation of wealth from a producer conscious of the victimization is robbery. Expropriation of wealth from a producer unconscious of the victimization is burglary and fraud.

Government also, when sanctioning counterfeiting, loses its sovereignty to the invisible force of "money" and its creators. "Money must be "outlawed" and wealth reinstated! Some comparisons:

Wealth is produced by labor.

Money is created by marking paper with ink, by executive sanction.

Wealth can be capital directly.

Money can only be exchanged for capital; it cannot be capital.

Wealth can be directly consumed as production.

Money cannot be directly consumed as production.

Wealth is supply or demand by use or viewpoint.

Money can only be imaginary demand.

Wealth in any form can be barter or a medium of exchange.

Money, physically represented by paper bills and metal disks of small wealth value (tokens), can only be a medium of exchange (imaginary demand).

Wealth exchanges for wealth on historic value.

Money exchanges for wealth only on confidence in its future acceptance by others.

Wealth accepted in payment for wealth is "final" settlement.

Money accepted in payment for wealth is credit (inflation) (fraud).

Wealth's worth can be expressed in terms of "use value."

Money's worth depends on "use value" of the "wealth" it is exchanged for.

Wealth is a substance and occupies space. Money is a figment of the Imagination and has no substance.

Wealth in any form can be expressed in quantity and purity.

Money is not a substance and cannot be expressed in quantity and purity.

Wealth accepted is valuable whether used or consumed directly!

Money accepted is worthless unless exchanged for wealth!

Wealth accepted is payment.

Money accepted is fraud.

The condition of the U. S. economy today is the result of interference in the free market system, and the relentless perversion of its wealth unit of exchange.

The economy of the U. S. throughout the years of "free coinage" was such that the relative costs of commodities in human exertion was failing and the individual's standard of living was rising as a result. It was a time when great fortunes were made, and integrity in business was high. People with personal fortunes were able, through banks, etc,, to rent capital to others in business ventures, or the expansion of others already established. People borrowed other people's wealth and returned it, paying for the privilege by returning more than the amount borrowed. (the excess being rent)

The entire system was very efficient, and had kept pace with the expanding population and economy; it was all on the basis of exchanges of wealth. There were attempts to introduce "money," but each attempt always brought Gresham's law into action.

The bankers then turned to a trick of the ancients by which the economy could be inflated, the free market eliminated-the wealth of the people expropriated, and not one man in a million would ever discover it.

This explanation will expose the secret of the method that is in use today. The method took thousands of years to develop. The system involves introducing a "Just-as-good" medium to work alongside the one in use, then gradually easing out the good one, and leaving in use the one that bankers can regulate completely. The secret was to introduce an imaginary entity, in our case the dollar,' as a unit of exchange in the market. This entity not being of substance or actual existence, and not having any use-value or worth, could be given a fixed value in some real commodity by government decree. The government would ''force" the people to use this imaginary medium of exchange by the passage of a legal tender law, after acceptance of the imaginary entity's name on a bearer certificate in the earlier stages.

The people were using coins of gold and silver of known weight and fineness, and were

accustomed to the relative values of all other commodities to these two commodities, and the fluctuations that occurred from time to time due to natural forces affecting the competitive bidding.

By introducing a "name" for a specified quantity of a commodity, and making the name" a unit of "legal tender" of the nation, they established the facility by which an unlimited expropriation of wealth could be accomplished.

When people were trading gold and silver coins of fractional weights as units of exchange, they were always aware of the cost of these goods in terms of the quantity of the precious metal they were using as a unit of exchange. The coins themselves were commodities, and fully supply potential as well as real demand. When a transaction was made, each party agreed that the exchange was of mutual benefit and complete. (continue)