Liberty Dollar of Chambersburg

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Millions Of Slaves In 21st Century America

It should go without saying--Federal Reserve Notes (FRNs) are not dollars. In fact, those green pieces of paper we call dollars aren't even lawful money. Quite simply, they are merely evidences of debt that were borrowed into existence. Under this current system, we can never really pay off this debt. If we did, there would be no money. New debt has to constantly be created to have money. Think about that. A REAL dollar is defined as a coin containing, on average, 412.5 grains of standard silver (371.25 grains fine silver), period. See the Coinage Act of 1792. The Act provides Capital Punishment for anyone who would change this.

We've all seen the words on Fed Notes, "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE." There used to be a comma after "PRIVATE" followed by the words "AND IS REDEEMABLE IN LAWFUL MONEY AT THE UNITED STATES TREASURY, OR AT ANY FEDERAL RESERVE BANK." That's right! It was on Fed Notes. You could redeem them for dollars. A recent edition of Black's Law Dictionary says of FRNs, "The notes are issued by the Federal Reserve Banks, are effectively non-interest bearing promissory notes payable to bearer on demand (emphasis mine), and are issued in denominations of $1, $5, $10, $20, $50, $100, $500, $1000, $5000, and $10,000.

In other words, they used to be (and should be now) payable in REAL dollars. They are not dollars in and of themselves. The Federal Reserve is in default, and has been for decades.

There you have it. The "dollar" has become nothing more than an irredeemable debt note whose only value is in its fleeting purchasing power and an increasingly reluctant acceptance by the American people. According to Bernard von NotHaus, author of The Liberty Dollar Solution to the Federal Reserve, there are currently nearly 100 private currencies circulating in America, including the gold and silver American Liberty Dollar Currency. People want an alternative. In fact, many of the world's Central Banks have reduced their "dollar" holdings over the last several years in favor of gold and silver.

You may ask, "Don't we have to accept Fed Notes when tendered to us?" No we don't. If you own a business and would rather be paid in silver or something else, you could put a sign outside your business saying "We no longer accept Federal Reserve Notes, but do accept..." and you would be within your legal rights. If you are already owed money, and Fed Notes are offered, that's a different story.

The American people willingly accepted the Federal Reserve Act foisted on them December 23 1913 late at night when most legislators had already gone home for the Christmas Holiday. It's a sordid story, chronicled in The Creature From Jekyll Island by G. Edward Griffin. Among other things, the book proves that the Federal Reserve is private, not Federal, and that there are no reserves.

Since 1913, the "dollar" has lost over 90% of its purchasing power. People think prices are going up, but it's really the value of the paper dollar going down. Some of us can remember when we could take a silver dollar down to the gas station and buy 4 gallons of gas. The value of that same silver dollar today will still buy 4 gallons of gas. The same paper dollar won't even buy half a gallon. Again, it's not so much prices going up as it is the value of the "dollar" going down.

Our continued willingness to allow huge portions of our productivity to be confiscated through income taxes is the only thing that gives the "dollar" any credibility. Its perceived "value" depends, solely, on the government's ability to collect taxes. You may ask, "Aren't those taxes necessary to run the government?" Well, isn't the government the one with the printing press? Why don't they just print up some more money when they need it? The answer, of course, is that, if they did, the "money" would soon be totally depreciated and worthless. Only by taking large amounts of this "money" away from individuals through taxation can an illusion of value be maintained and its inevitable and persistent depreciation reduced so as not to create too much alarm.

The fact is, however, no fiat monetary system has ever endured in all of history. The collapse of our current system is inevitable. It has already begun. The "dollar's" status as the world's reserve currency has recently been challenged, and its dethronement is underway.  For several years, many countries have been reducing their dollar reserves.

Yes, we are literally slaves to a debt money system that demands a portion of our future production, our life blood so to speak. To put it another way, when we accept a dollar (FRN), we do so knowing its value is dependent on our willingness to continue working, and then to turn over a large portion of the fruits of that labor to service the interest on the debt created when that "dollar" was borrowed into existence. We have enslaved ourselves to debt money by mortgaging our productive lives. Unlike the mortgage on a home, however, our productive lives are forever mortgaged and can never be paid off under the current system.

The "value" of FRNs is also dependent on our willingness to play "let's pretend." Let's pretend a $100 dollar FRN is worth 100 times more than a $1 FRN even though each one is the same size and weight and not redeemable in anything. Is Benjamin Franklin's portrait really worth more than George Washington's?

Listen to what the Department of the Treasury has said:

"A Federal Reserve Note has no lawful or standard value..."

"Intrinsically, a Federal Reserve note is only a piece of paper...on which a denomination has been imprinted as a matter of convenience..."

"The denominational indication is only incidental."

Besides now being unconstitutional, our current monetary system no longer conforms to biblical standards of "just weights and measures." Please read Old Testament Scripture Lev. 19:35-36; Deut. 25:13-16; Prov. 11:1; 16:11, 20:10&23.

The Solution — Change your money! Start accumulating and using silver Liberty Dollars!

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Posted 07:56 AM November 24, 2008

Comments:

I agree the current central bank system of fiat money is what causes these huge bubbles. The next bubble may be the currency bubble... hyperinflation.

BTW I enjoyed the youtube coverage of the End The Fed rallys around the nation!

Comment by Roman on 06:54 AM November 26, 2008