it's built on trust. just like currency or gold, collateral lends confidence or trust- trust in a store of value. trust, not money, makes the world go around. almost all human interactions are built on trust and exchange of one thing for another and trusting that those things are of equal value to the two parties. Think much more broadly than economics.
"they are reconsidering the foundations of the system itself, and the trust that underpins it." pg xii, As Good as Gold, Vincent B. Lanci. Who is that guy? got my copy today after work!
It is quite simple. Since the Emergency Banking Act of 1933 our currency has been 100% debt based by "fiat," via executive order codified by a rubber stamp Congress passing an unconstitutional statute. For some reason few can wrap their minds around the fact that Congressional "acts" cannot over ride the Constitution and neither can the Supreme Court determine rights. When gold and silver were replace by debt via national "emergency." We haven't had a "republic" or "free market" since.
As JP Morgan said, "gold is money, everything else is debt."
I agree that we are not a Republic. The point is that they have allowed the illusion of choice as a public manipulation technique, and the last vestige of freedom were illuminated for "federal or 14th Amendment citizens with the statute legislation which is a lower form of law. Only those who know their rights and stand for them have any chance of exercising them. For those who have studied the topic will comprehend how to sever contracts and operate in the private and not the public, and how to construct the entities to operate through in the public. Few seem to get this.
The Constitution is a trust indenture. Believe it or not they do "marginally" operate within it. Read Article I Section 8 clause 17, and Article 4 Section 3. If you read the Slaughterhouse cases, United States v. Anthony, and Jones v. Temmer, and you will comprehend that the Fourteenth Amendment created a federal jurisdiction that had not existed until the "reconstruction" period after the Civil War. The true Republic has not had a trustee since the last Congress of the Republic adjourned in 1861.
it's built on trust. just like currency or gold, collateral lends confidence or trust- trust in a store of value. trust, not money, makes the world go around. almost all human interactions are built on trust and exchange of one thing for another and trusting that those things are of equal value to the two parties. Think much more broadly than economics.
Yes. and absent trust you need good collateral.
trusted collateral:)
"they are reconsidering the foundations of the system itself, and the trust that underpins it." pg xii, As Good as Gold, Vincent B. Lanci. Who is that guy? got my copy today after work!
Proffessor Vinny....out side of the mame street media hacks....
Bought 2 books yesterday on Amazon.
One for me and the other for my daughter who is studying finance.
Nice to have you at a fingertip distance to ask any questions.
Keep on truckin!!
It is quite simple. Since the Emergency Banking Act of 1933 our currency has been 100% debt based by "fiat," via executive order codified by a rubber stamp Congress passing an unconstitutional statute. For some reason few can wrap their minds around the fact that Congressional "acts" cannot over ride the Constitution and neither can the Supreme Court determine rights. When gold and silver were replace by debt via national "emergency." We haven't had a "republic" or "free market" since.
As JP Morgan said, "gold is money, everything else is debt."
Might makes right
The constitution is a piece of paper.
Statements like this can be boiled down to "they aren't playing by the rules"
Well guess what, they know that, they know what they are doing, theyll keep doing it because they can
I agree that we are not a Republic. The point is that they have allowed the illusion of choice as a public manipulation technique, and the last vestige of freedom were illuminated for "federal or 14th Amendment citizens with the statute legislation which is a lower form of law. Only those who know their rights and stand for them have any chance of exercising them. For those who have studied the topic will comprehend how to sever contracts and operate in the private and not the public, and how to construct the entities to operate through in the public. Few seem to get this.
The Constitution is a trust indenture. Believe it or not they do "marginally" operate within it. Read Article I Section 8 clause 17, and Article 4 Section 3. If you read the Slaughterhouse cases, United States v. Anthony, and Jones v. Temmer, and you will comprehend that the Fourteenth Amendment created a federal jurisdiction that had not existed until the "reconstruction" period after the Civil War. The true Republic has not had a trustee since the last Congress of the Republic adjourned in 1861.