An Original $5.00 "Fed Note": Issued 1914
This $5.00 Federal Reserve "Note" is one of the original Fed Notes. Issued in 1914.
AUTHORIZED BY AN ACT AND A DATE
No claims of being "legal tender", the verbiage is very plain: AUTHORIZED BY FEDERAL RESERVE ACT OF DECEMBER 23, 1913
It's simply authorized by ACT. Argue with this statement and you argue against the authority. You wouldn't want to argue against the authority, would you? It was authorized by ACT, with a date and a seal.
THE FINE PRINT
Every rotten contract has a lot of fine print. Read carefully to understand what you're signing up for. Do you want to hold on to this "note" or do you want to redeem this "note" for $5.00 of gold or lawful money?
This is a five dollar gold coin from 1914. Technically, my five dollar "note" from 1914 is/was redeemable for this gold coin.
Oh but five silver dollars are so heeeeevy in your pocket, these notes are nice and light and fit the wallet perfectly. Gold can be stolen by thieves!
Then there's the fine print. Fine print, many words, assure the public of legitamacy. It's not until much later, they could just pronounce their notes as "legal tender". For now, they have explaining to do and assurances to issue.
"This NOTE is receivable by all national and member banks and Federal Reserve Banks and for all taxes, customs and other public dues."
This note is receivable. Well duh, anything is receivable if it's accepted! But why should it be accepted?
"It is redeemable in gold on demand at the Treasury Department of the United States in the city of Washington, District of Colombia or in gold or lawful money at any Federal Reserve Bank."
Here's the significant part, you can redeem this NOTE for gold or lawful money. The phrase "lawful money" is a way of saying "silver" without saying "silver". The bankers pour a glass of brandy and say "We don't want to remind the public of that which we are taking away from them."
This NOTE is similar to a "Silver Certificate", that it is redeemable for silver, but the word "silver" is mysteriously missing. Why? Because this NOTE is getting ready to replace silver. This began eight years later in 1922 when the mint began to discontinue minting "lawful money", that is the silver dollar coin. Silver half-dollars, quarters and dimes continued until 1964, but the majority circulating silver vanished in 1922. In order to sell the public that these "notes" have value, they had to be redeemable for "lawful money". Lawful money is silver, according to the Constitution of these United States of America.
No claim is made that this NOTE is lawful money, but that it is redeemable for lawful money. This NOTE is not "lawful". It is AUTHORIZED. Big difference.
When something is AUTHORIZED to be used in a manner that is not LAWFUL, is that LEGAL? I suppose all you need is an ACT and a date.
Eventually, you can just print "This note is legal". Nobody wants to read all that silly fine print. Here's the fine print a few decades later:
Let's shorten this:
Aaah, much better. Now it's just "legal"
Beautiful Artistry Depicting Our Nation's Beginning
On one side of the "fine print" is an image of Columbus with his hand on his heart, as if to say "trust me" this note is legit.
On the other side is an image of the pilgrims arriving at Plymouth rock. Images to invoke pride in our heritage and our founding in this land. The image of the little child, having just left the boat, is recorded on this fraudulent note, stealing the wealth and produce and labor of generations later.
The founders of this nation traded, borrowed, collected and forgave debts, exchanged and created a completely free market between neighbors. Trades were made by WEIGHT, not by pretty pictures and a number on a NOTE. The value was determined by quality and purity and was negotiable. But not this note. Non negotiable. It's $5.00. Good as gold... or lawful money.
It's worth five silver dollars, really... it's authorized by an ACT. With Honest Abe's image on the front.
The Federal Reserve (a private bank) promises that THE UNITED STATES OF AMERICA will pay to the bearer on demand FIVE DOLLARS.
So this NOTE is not FIVE DOLLARS, but an IOU $5.00 It's all good, check out this fancy SEAL:
The blue seal on this note is impressive and lends great authenticity to the appearance of this NOTE. Written in LATIN is "THESAUR AMER SEPTENT SIGIL" which is a shortened form of "Thesauri Americae Septentrionalis Sigillum" translated as "North American Treasury Seal" or "The Seal of the Treasury of North America"
I wonder what is meant by this? North American Treasury? Including Mexico and Canada? Was it assumed that all of North America would eventually utilize this treasury?
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Back when paper wasn't just paper
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It was once "redeemable" now it's just "legal tender". Or maybe someday illegal tinder:
Very good, @ironshield. Noticeably absent on the note, but clearly seen on the gold coin?
Probably just a little oversight, right?
Good observation! Perhaps the engravers were God fearing men, they didn't want to invoke God on an promissory note. But a coin with intrinsic value, perhaps they saw that differently.
The US mints coins and TRUSTS them to the Federal Reserve to put into circulation. Follow the money to understand their "god". When the founders said "In God We Trust", they meant the Biblical God of Abraham, Isaac and Jacob, but today (generally speaking) our government's actions and "faith" demonstrate a different "god" in which they trust.
It's similar to Rome inscribing "Ceaser Son of God" on their coins. "Whose image is this and whose INSCRIPTION?" Matthew 22:20
Yes, we are in agreement. We'll both find out together how "real" all this activity, in which we are actively engaged, with "digital" versions of more or less the same thing will matter.
Yes we will. I think we will see the disparity between assets we own and assets we think we own. Even if the owned asset isn't very valuable, it's always more valuable than an asset we do not own. It's strange to think of owning a "digital" asset and that "digital" asset being more valuable than a physical piece of paper... but look at how many papers it takes to make one BTC right now.
!HH
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A couple years later and 'they' kindly made criminal offense to trade gold, plus issued another friendly act that prohibited redeeming those beautiful very artistic notes for true money. Holy shit that's the most elaborate and long theft scheme in history.
Amazing how powerful an ACT can be. Before this is over, I think we will see even worse Acts, robbing citizens from the fruit of their labor.
I know we "were" being lead down that path, but the Good Guys won't be letting that happen, this time around... Get prepared for the Announcements...
I"m ready and waiting.
I do see an ACT to save ppl from Bitcoin. They'll offer custody, then replace for a paper, then... well we know the story
It will have to be voluntary, since most crypto is anonymous or can become anonymous very easily.
Unless they convince ppl that self-custody is too dangerous and they should keep their btc in a bank.
Me frog no hear of North American Treasury before, that's a new one! !ALIVE !BBH
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It's best to exchange your fiat currency for silver and gold. You hold it, and you own it!
Cash is king... until it's not. When the "legal tender" fiat currency devalues, best be holding LAWFUL money.
Folks got played what a shame !BBH
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We're all getting played, but as long as we don't suffer the effects, most people say "who cares?" When the game is over and the winners are declared and it's them... then everyone will care!
Very true at least most of us are more or less better positioned !BBH
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Thanks for the education, Ironshield. I'm afraid too many will never understand. The awakening is going to be biblical.