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FOR BETTER OR WORSE:
Silver Certificate -- This note is "fiat money"
because it promises to pay "one silver dollar" to the bearer on demand.
United States Note -This note is "fiat money" because it promises to pay to the bearer on demand "five dollars."
Therefore, like the Silver Certificate seen on the preceding page, this note admits it is not five dollars.
United States notes were first issued by President Abraham Lincoln who sought to circumvent "interest payments" to the bankers. Consequently, they are "interest" free. The United States "pays" no "interest" to the bankers for this issuance, and for this reason they have been almost entirely supplanted by Federal Reserve notes.
National Currency / Federal Reserve Note – This “note” is also “fiat
money” because it promises to pay “five dollars” to the bearer on Demand. Therefore, it
acknowledges the fact that it is not five dollars.
It is called a “note.” A “note” is representative of a debt. Therefore, it is commonly called a dollar “bill.” It is not possible to “buy” anything with a “note” because it bears no intrinsic value.
The exchange leaves the “seller” nothing of value.
Since the Act of May 12, 1933 when it was declared all coins and currencies of the United States to be “legal tender,” the exchange of such “notes” for merchandise constitutes “legal” plunder, but it is not “lawful” because it is in rebellion to the righteous law of God - - The Law of the Perfect and Just Weight and Measure.
Federal Reserve Note -- This note is NOT “fiat money” because it grants
no promise of redemption. This note is blatant fraud perpetrated upon the American
people because it professes to be “two dollars.”
The Federal Reserve Bank of Chicago declares, “Intrinsically, a dollar bill is just a piece of paper.”
Whether this note read “two dollars” or “five thousand dollars” it would cost a Federal Reserve bank less than nine-tenths of a cent to print.
The bankers charge the Federal government with “interest” on the “money” it uses. In 1792, Congress made the government responsible for the “money” used in the land. Why should the back of government be broken by the game the bankers play?
"Intrinsically, a dollar bill is just a piece of
paper.”
-Modern Money Mechanics, 3.
Published by the Federal Reserve Bank of Chicago