THE TRUTH ABOUT FRN’S

 

Let’s get something straight right from the get-go. Federal Reserve Notes are not money or currency; they are “Legal Tender”. No FRNs are exchangeable for lawful money (gold/silver coin) at any bank or post office.  FRNs are not money and are not coinage so FRNs cannot be debased; only devalued. Article I, Section 8 of the U.S. Constitution which says: “The Congress shall have Power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights & Measures.” The private banking cartel known as Federal Reserve does not coin money. They put ink on 20lb. rag paper and teach us through indoctrination in the school system that this is money, it is not. It is an IOU contract.

FRNs are contracts and evidence of IOUs. Notice that the Secretary of the Treasury signs under the Treasury Seal — accepting the contract for the Federal Reserve. The TREASURER of the United States signs under the Federal Reserve Seal acknowledging the seal and the debt incurred. IOUs are not money, not lawful, constitutional money. They are faith based pieces of paper with fancy printing. Every FRN has 1000% debt attached to it. All people are doing is passing the debt on to the person receiving it. The more FRN’s in your pocket you have in reality equals the more debt you have. The whole monetary system in the U.S. is based on debt.

There is over 923 billion FRN’s in circulation; over half is in the hands of foreigners. Multiply that 923 by 1000, that is the debt incurred by the U.S. corporation on the streets of the world. If you had to pay back that debt right now could you give anyone $10 for every $1 you have. You can’t because you would be increasing the debt already incurred by the first. What a $100 bought in 1913, when the Federal Reserve Act was passed, would now cost $2,300.

When you go to the bank to pay your mortgage or auto loan you gave them nothing of value. The dollar has no intrinsic value; it’s printed out of thin air with no backing what so ever. Say you want to buy a car; you go to the bank to apply for a loan. The bank approves the loan but, does not give you money. They give you a check made out to the auto dealer; you then give the check to the dealer. The dealer then gives it back to the bank when they deposit it. Did any money leave the bank in the first place? No. The money never left the bank because the banker didn’t give you any. He gave you bank credit. According to the courts a check is not money, a check is only a promise to pay someone so called money. The courts have further ruled that “National banks may lend their money but not their credit”. Unlike the Federal Reserve banks, local banks are not allowed by law to create money. However, they do it every day while breaking the law. Bank credit is the biggest scam going, 95% of the nation’s money supply consists of bank credit. It is the creation of bills of credit by private corporations for their private gain. The basis for the fraud charge is that the bank has written a check against funds which do not exist. The banker gambles that you will use your checking account in place of cash. Most of the time the bankster is right, people usually deposit the check they receive in their checking account and then spend it by writing other checks against the bookkeeping entries which have been added to their account. Most people do not know that a check is not money, that bank credit is not lawful money, and that the courts have consistently ruled against the banks for lending credit. A check is a contract to pay, look closely at the line where you sign a check.

When a state borrows money because it’s a little short on cash it goes to a bank for a loan. The state and bank create what is known as a bond in this transaction. The state then has to make sure you pay so it can pay its promise.  The bank takes the bond as an asset but, the bank does the same thing to the state as it does to you. It sells its credit. The bank has again, created something from nothing.  The biggest scam in history keeps going and going and we pay and pay and pay for generations.

To top this all off; your most personal property, yourself is a bond. The birth certificate is nothing more than a promise to pay a debt. The national debt. The numbers printed in red is the stock exchange number and you’ll notice in the bottom left corner “American Bank Note Company”. Birth and marriage certificates are a form of securities called “warehouse receipts.” The items included on a warehouse receipt, as descried at §7-202 of the Uniform Commercial Code, the law which governs commercial paper and transactions, which parallel a birth or marriage certificate are: The location of the warehouse where the goods are stored…(residence), the date of issue of the receipt(“Date issued”), the consecutive number of the receipt…(found on back or front of the certificate, usually in red numbers), a description of the goods or of the packages containing them(name, sex, date of birth, etc.), the signature of the warehouseman, which may be made by his authorized agent(municipal clerk or state registrar’s signature). Birth/marriage certificates now appear to at least qualify as “warehouse receipts” under the Uniform Commercial Code. Black’s Law Dictionary, 7th ed. defines: warehouse receipt. “A warehouse receipt, which is considered a document of title, may be a negotiable instrument and is often used for financing with inventory as security.”

Consider what Edward Mandell House once and once only said to President Woodrow Wilson;

Quote:

Very soon, every American will be required to register their biological property (that’s you and your children) in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will affect our security as a charge back for our fiat paper currency. (Property) and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions. Americans, by unknowingly or unwittingly delivering the bills of lading (Birth Certificate) to us will be rendered bankrupt and insolvent, secured by their pledges.(presidency) of our dummy corporation (USA) to foment this plot against America. End quote.

Your rights have been shredded in the UCC military fringed flag courts and you have been assigned a commercial value making huge profits for the elite bankster Rothschild criminals of the world. The people don’t need fake money from thin air; all we need is fair trade barter or gold and silver in exchange.

Vtfree2

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