How Federal Reserve Notes Work

Then, by all means, please proceed...

 

Ah, he likes counterfeiting, is that it?
So, Dujac, care to explain, or are you just going to do the

Insult. Assert. Repeat.

all day long?
If so, that's a bit boring, but if you want to engage in some discussion...

 

the fed doesn't counterfeit, it doesn't print any money at all

 

Please point out the exact sentences where i engaged in propaganda.

And I love the ploys you use to not answer the question.
Fine, whoever prints the money and those who use his services are all counterfeiters. That is the nature of the game. They took money out of the system and replaced it with paper. Since I had silver and now I get copper, that is fraud.
So,

Rinse. Lather. Repeat.

 

it has already been done

 

Lather. Rinse. Repeat.
All you did was make assertions.
At least you've dropped the insults.

 

if you just read what i wrote, you wouldn't have to repeatedly ask for things i've already posted

 

It wouldn't kill you to be a little more forthcoming with your explanation of what you consider to be lyghtningrod's propaganda. As an outside observer, I saw no clear explanation of what you consider to be his propaganda.

 

This is false on numerous facts. First of all the Federal Reserve banks predominately back the issuance of Federal Reserve (promissory) notes with other promissory notes. For example, US Treasury notes but the Federal Reserve also holds promissory notes from other banks and those notes are backed by nothing but "good faith" because there isn't physical collateral related to them

Next is the fact that Federal Reserve notes are, as noted above, promissory notes. In the link provided (which cites Title 12) it states "Federal reserve notes... 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." Federal Reserve notes are not lawful money but they are "legal tender" that promise payment on demand in lawful money (which is also legal tender). The only "lawful money" being produced in the United States today are American Eagle coins.

The Federal Reserve will NOT redeem Federal Reserve (promissory) notes in American Eagle coins on demand in accordance with the law! They are fraudlent promissory notes because they cannot be redeemed in that which they promise and there was never any intention by the Federal Reserve to ever redeem the notes they issue. This is a violation of the Title 12 statutory requirements of redemption as well as being criminal fraud under contract law.

That's what people need to know about Federal Reserve notes.

 

i suspect that's because you embrace the propaganda, too

 

why the attitude?

 

because he's got nothing to refute it with, of course. If he had something, he'd have said it.

 

I'm not even sure what it is he's trying to refute. There is a virtue in brevity, but he's laconic to the point of being unintelligible.

 

well said.
I wonder if we had not used the word 'dollar' would the link between money and paper have been that easily broken?
A dollar was defined as 371.25 grains of silver. If the word 'dollar' had not been attached to the coin with 371.25 grains, then we would not be confused about what money is, namely some commodity, usually silver for circulating money. If we had thought of the coin as 371.25 grains rather than as a dollar, then we would easily see the difference if someone tried to break the hard money link.

Just a thought.

 

I really would like to know what specifically I said that he considers propaganda, but all he gave me so far was insults (that came first) then opinion, then attitude then lather rinse repeat.

 

According to Rothbard (from What Has the Government Done to Our Money, I think), the state tries very hard to use such abstract names as part of its progression from real money to fiat money.

 

i did say it

and slaves were defined as three-fifths of their actual numbers

thank goodness we've progressed beyond those archaic concepts

what a joke, murray rothbard, the guy that came up with the 'outreach to rednecks' strategy

 

Would it kill you to repeat it? Apparently we all missed it.

You have issues with Rothbard's work? What are they?

 

most of his work is highly politically biased

political bias is often associated with inaccuracy

 

Clearly his political writing is biased, but I don't see much political bias in his economic work.

 

again, that's because you embrace it

 

No, I just haven't seen this in his economic work. Do you have any examples of where you're seeing this?

 

sure, 'economic thought before adam smith'

 

I agree. Subverting the language is key to taking control of people.

can we say non sequitor?

I just read all your responses once again.

You sir, are delusional if you think you answered my question.

 

this question?: