By Anna Von Reitz
Are you looking for Solutions for America in Distress
Thursday, May 9, 2019
"Lawful" in What Sense?
By Anna Von Reitz
Friday, May 21, 2021
From Dr. R.E. Search, Andrews Plantation, a True Ghost Story
By Anna Von Reitz
Saturday, October 10, 2015
For the [Stupid] Love of Money
Thursday, April 8, 2021
Blood Money
By Anna Von Reitz
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Friday, April 29, 2016
Crazy Like a Fox -- Unanswered Letters 1 -- A Reply to John Smith

by Anna Von Reitz
Below you will find the text of a letter that was sent to me, which among many others, I haven't had the time or ability to answer, but which I will attempt to respond to this morning---
Sunday, September 20, 2009
The Money Monopoly: How the Federal Reserve rips you off !
by Ron Paul
American Conservative Magazine
Fri, Sep 18th, 2009 12:00:00 am
Most Americans haven’t thought much about the strange entity that controls the nation’s money. Visitors to Washington can see the Federal Reserve’s palatial headquarters, the monetary parallel to the Supreme Court or the U.S. Capitol. We hear the Fed chairman testify to Congress, citing complex data, making predictions, and attempting to intimidate anyone who would take issue. He postures as master of the universe, completely knowledgeable and in control.
But how much do we really know about what goes on inside the Fed? Even with the newest round of bailouts, journalists had difficulty determining where the money was coming from and where it was headed. From its founding in 1913, secrecy and inside deals have been part of the way the Fed works.
It says that its job is to keep inflation in check. But this is like the car industry claiming to control road congestion. The Fed might attempt to stop the effects of inflation, namely rising prices. But under the old definition of inflation—an artificial increase in the supply of money and credit—the reason for its existence is to generate more, not less.
The banking industry has always had trouble with the idea of a free market that provides opportunities for both profits and losses. The first part, the industry likes. The second is another matter. That is the reason for the constant drive in American history toward the centralization of money, a trend that not only benefits the largest banks with the most to lose from a sound-money system, but also the government, which is able to use an elastic system as an alternative form of revenue support.
Whenever instability turns up, we see efforts to socialize the losses, but rarely do people question the source of instability. Economist Jesús Huerta de Soto places the blame on the institution of fractional-reserve banking. This is the notion that depositors’ money in use as cash may also be loaned out for speculative projects, then re-deposited. The system works as long as people do not attempt to withdraw their money all at once. In the face of such a demand, banks turn to other banks to provide liquidity. But when the failure becomes system-wide, they turn to government.
The core of the problem is the conglomeration of two distinct functions of a bank. The first is warehousing, whereby banks keep money safe and provide checking, ATM access, record keeping, and online payment, services for which consumers are traditionally asked to pay. The second service the bank provides is a loan service, seeking out investments and putting money at risk in search of return.
The institution of fractional reserves mixes these functions, such that warehousing becomes a source for lending. The bank loans out money that has been warehoused—and stands ready to use in checking accounts or other forms of checkable deposits—and that loaned money is deposited yet again in checkable deposits. It is loaned out again and deposited, with each depositor treating the loan money as an asset on the books. In this way, fractional reserves create new money, pyramiding it on a fraction of old deposits. An initial deposit of $1,000, thanks to this “money multiplier,” turns into $10,000. The Fed adds reserves to the balances of member banks in the hope of inspiring ever more lending.
Continue Reading
http://amconmag.com/article/2009/oct/01/00032/
Thursday, February 15, 2024
Meat of the Subject - Money and Not Money
By Anna Von Reitz
"Money" does not include treasury notes". Foquet v. Headley, 3 Conn. 534, 536. And,
"In legal acceptation, "money" means current metallic coins; therefore an indictment for embezzling "money" is not sustainable by proof of embezzling greenbacks or national currency notes." Block v. State, 41 Tex. 620, 622. And,
"The term "money" does not include bank notes. They pass as cash, and constitute a part of the circulating medium, and for many purposes are to be considered as money; but, in the strict sense of the term, they are not included therein." Dowdle v. Corpening, 32 N.C. 58,60. And,
"Money," as used in Crimes Act, section 13, providing that any person stealing any money, the property of another, shall be guilty of larceny, cannot be construed to include bank bills, for strictly bank bills are not money, though for many purposes they are treated as such." Johnson v. State, 11 Ohio St. 324,325. And,
"The term "money," in the statute defining robbery as taking from the person of another any money or personal property of any value whatsoever, with force and violence, and with intent to steal or rob, does not include bank notes." Turner v. State, 1 Ohio St. 422,426. And,
"Federal Reserve Notes are not dollars." U.S. Treasury, General Counsel, Munk. And,
"Both notes and checks are acknowledgments of indebtedness and promise of payment." Hegeman v. Moon, 131 N.Y. 462, 30 N.E. 487. Smith v. Treuhart et al, 223 N.Y.S. 481.
Thursday, December 8, 2022
Money, Credit, and Stupidity
By Anna Von Reitz

