Saturday, November 30, 2013

FORBIDDEN GOLD

Is there a code that claims all this craziness concerning gold? Does it matter? Yes, it matters, as you are a US Citizen by the all money name, upper case, capitalization, a vessel. If you cannot use gold to pay debts and now cannot use gold to pay debt obligations, then how does one “pay” debts? It is written, so shall it be: therefore:

USC (US Code or Title) 31, § 5118. Gold clauses and consent to sue
(a) In this section—
(1) “gold clause” means a provision in or related to an obligation alleging to give the obligee a right to require payment in—
(A) gold;
(B) a particular United States coin or currency; or
(C) United States money measured in gold or a particular United States coin or currency.
(2) “public debt obligation” means a domestic obligation issued or guaranteed by the United States Government to repay money or interest.
(b) The United States Government may not pay out any gold coin. A person lawfully holding United States coins and currency may present the coins and currency to the Secretary of the Treasury for exchange (dollar for dollar) for other United States coins and currency (other than gold and silver coins) that may be lawfully held. The Secretary shall make the exchange under regulations prescribed by the Secretary.
(c)
(1) The Government withdraws its consent given to anyone to assert against the Government, its agencies, or its officers, employees, or agents, a claim—
(A) on a gold clause public debt obligation or interest on the obligation;
(B) for United States coins or currency; or
(C) Arising out of the surrender, requisition, seizure, or acquisition of United States coins or currency, gold, or silver involving the effect or validity of a change in the metallic content of the dollar or in a regulation about the value of money.
(2) Paragraph (1) of this subsection does not apply to a proceeding in which no claim is made for payment or credit in an amount greater than the face or nominal value in dollars of public debt obligations or United States coins or currency involved in the proceeding.
(3) Except when consent is not withdrawn under this subsection, an amount appropriated for payment on public debt obligations and for United States, coins and currency may be expended only dollar for dollar.
(D)
(1) In this subsection, “obligation” means any obligation (except United States currency) payable in United States money.
(2) An obligation issued containing a gold clause or governed by a gold clause is discharged on payment (dollar for dollar) in United States coin or currency that is legal tender at the time of payment. This paragraph does not apply to an obligation issued after October 27, 1977.

So this all means in Title 31 § 5118, you have gold coins that you can replace them with FRNs dollar for dollar § (b)- what a rip off! The government withdraws its consent to assert a claim against the government (c)(1). YET they will settle dollar for dollar (c)(3) when consent is not withdrawn, payment on a public debt. It can be discharged dollar for dollar (d)(2). It is their law and affects the all money name. So, there has to be a remedy, or this would be a huge conflict. What does this say; you can use the government to settle your “illegal and void” debts dollar for dollar. Americans are foreign to the democracy. What we do is always foreign on behalf of the US Citizen, as a representative of the public debt, (all money name) which Americans have to settle. Foreigners have to settle the debts of the UNITED STATES, as all things created in the democracy are debtors, and debtors cannot create credit. Can FRNs be used to pay debts? No. In Echart v. Commissioners C.C.C 42 Fd2d 158, “Giving note (Federal Reserve) does not constitute payment” and Legal tender (Federal Reserve) Notes are not good and lawful money of the United States. See Rains v State, 226 S.W. 189. What have you actually paid for? Nothing! Who owes it? The Democracy, as all property is abandoned. We have made no valid claims. These are just a form of a promise to pay; the use of a (federal reserve) ‘Note’ is only a promise to pay. See Fidelity Savings v Grimes, 131 P2d 894.

Just try to redeem FRNs at a bank, even if it says you can. Section 16 of the current Federal Reserve Act, which is codified at Title 12 § 411: “Issuance to reserve banks; nature of obligation; redemption:
v  Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal Reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve Bank”.

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