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Look at the older FRN's for your answer.
- They were redeemable in lawful money.
- They were payable to bearer on demand.
- They are a "Note" or more precisely, an IOU in this case -- not money.
Today that evidence has been removed from its face in order to perpetuate the bank's fraud and end game. The IOU is no longer honored, ie. redeemable into lawful money. You work and are paid in dishonored IOUs. You are paid in dishonored IOUs for anything you sell. You can pass off or discharge your debt to someone else with IOUs (evidence of debt) but no one can pay off any debts with IOUs (evidence of debt). Neither can anyone "borrow" or "counterfeit" any IOUs (evidence of debt). Banks cannot loan money because there is none. This economy runs totally from debt paper which is controlled by the Federal Reserve, and the economy's ultimate collapse will result from the Bank's refusal to process anymore debt paper, not from uncontrolled spending as advertised.
The Federal Reserve is a private international bank (not American) who's end game is the total rape of America's resources and her final destruction. If you love your country, consider joining with others of like mind who want to save America for their posterity while there's still a little time left. Do the right thing.
If you're serious and want more evidence of this and/or a scan of a 1934 FRN, write me @ private.n4s at gishpuppy dot com or leave me a voice mail @ 2 five 6 three 6 nine 7 five 9 five.
Russell Lee
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∙ 12y ago
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What is a federal reserve bond?
That would be an illegal issuance of debt by the US Federal Reserve, which is not authorized to do so by the Federal Reserve Act of 1913 or any subsequent legislation.
Title 31 usc 5118 negotional debt instrument?
bonded promissory note
Describe the debt held by the public?
Debt held by the public is issued by the federal government and held by nonfederal investors including the Federal Reserve. This is the financial liability for the government's borrowing which results in interest paid outhttp://www.econedlink.org/lessons/index.php?lid=184&type=educator
What is the penalty for burning money?
Yes there is a fine and even possible prison time for burning money. The code and it's regulations are listed below. I hope this answered your question.§ 333. Mutilation of national bank obligations.Whoever mutilates, cuts, defaces, disfigures, or perforates, or unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, or Federal Reserve bank, or the Federal Reserve System, with intent to render such bank bill, draft, note, or other evidence of debt unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both.
Does the us government have enough money in reserve to pay its debt?
The United States of America currently has approx. 77 trillion dollars worth of assets and 113 trillion in debt that is including all the money in reserve. so no the Us does not have enough money in reserve to pay out its debt.
What is a federal reserve bond?
That would be an illegal issuance of debt by the US Federal Reserve, which is not authorized to do so by the Federal Reserve Act of 1913 or any subsequent legislation.
Is this FIB of Pakistan government debt instrument?
federal invesitgation beureou
The largest proportion of the public debt is held by?
U.S. public (individuals, businesses, financial institutions, etc.) and state and local governments. The ulk of the public debt is owned by the U.S. citizens and institutions. The portion of public debt held outside Federal agencies and the Federal Reserve is substantially larger than the portion held by Federal Agencies and the Federal Reserve.
To whom is the federal debt owed to?
The Federal Government owes 790 billion to the Federal Reserve Bank. The Federal Reserve Bank is Privately owned. See the question See the YouTube Link below. Federal means government--so the debt will be paid to them. It will just depend on which area of the government--student loans, IRS etc.
What has least likely been the historical goal of the federal reserve's monetary policy?
decreasing the national debt
How many employees are in the Federal Reserve System?
I just heard that there are 20,000 employees in the Federal Reserve system! That is insane!! No wonder why we are 14 trillion in debt, with this many people employed in a quasi-governmental body!!
Title 31 usc 5118 negotional debt instrument?
bonded promissory note
What the structure of the federal reserve system?
The Federal Reserve is the central bank of the United States of America and it supervises/oversees the banking operations of all banks in USA. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds)
What are the money specifics involving the Federal Reserve Note?
A Federal Reserve note is a monetary instrument that is recognized as currency by the United States and most other countries of the world*. It is "legal tender" in that all payments of debts within the US may be paid with FRN's. It is technically a promissory note issued by the Federal Treasury through the Federal Reserve System, a nominally autonomous agency of the US government, and backed by the "full faith and credit" of the United States. (* The US government, although committed to redeem these notes, has established restrictions on the type and amount of cash transactions by its citizens.) On the Legal Nature of NotesFirstly, the word "note" is defined in the Oxford dictionary in its seventh entry as a "promissory note, written promise to pay, co-signed promissory note, IOU, or note of hand. The real problem with the Federal Reserve Note is that the currency was foisted upon the public without teaching them the ramifications except in abstruse books like "The General Theory of Money, Interest, and Employment". While the public may not be deceived, it must contend with what is created by the hierarchy. The details of the concept of money are not complex, but too many details can cause people to lose interest. Moreover, the note factor means that instead of legalizing a certificate in 1930, the hierarchy legalized debt and took out gold as the specie. "This note is legal tender for all debts public and private" is the legal provision written on the face of the FRN. In other words, the paper was made into "fiat or legal" currency.
Will the navy reserve pay for student loan debt?
Yes I believe up to 60,000 worth but the loans I believe have to be federal and in your name as well.
How much debt does the us owe to the federal reserve?
Currently, around $8.333 trillion, which is about 72% according to: http://www.unelected.org/?id=debunking
What the national debt?
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.
