Fake Money – Gas prices & housing crash
MarcStevens3 asked:
Are Federal Reserves Notes fake money? They are neither money nor real notes and are the main cause of the current economic disaster.
When the market doesn’t decide on a medium of exchange, but gangs of psychopaths impose it by way of “legal tender laws” and “prosecutions”, then this is exactly what we get.
For more information, tune in to my radio show The No State Project, dedicated to bringing about a voluntary society, live every Saturday from 2-4 pm pst on The We the People Radio Network http://wtprn.com call in at (512) 646-1984.
“There is no spoon…”
Great video!
venus project went bankrupt , but it can still happen becasue you don’t need money to do make it happen .
your clearly missing the point,
William L. Avery’s Dispatch of merchants” talks of fed notes being LAWFUL money, due to the contracts imposed to make it seem so (and also the people using it as be automatic Merchants, another way of proving Amerialty on land)
VENUS PROJECT………
thank’s Marc for trying to wake up all this idiots than do not think, i hope u can reach this “task”.
Z I E T G E I S T
Fiat currency=DEBT. A IOU is debt.
what are we going to do?
every body preach and preach for freedom.
When is the movement to overthrown this government!
We’re still living in the same legal system.
So my sources are wrong? I used a law dictionary. If you have a problem with the source, then complain to Ballentine and the supreme courts.
Do you believe the Federal Reserve Note is a note?
Fuck you *******!!!
Yeah, you’re a real wealth of knowledge.
Money “A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including among its forms a commodity such as gold, an officially issued coin or note….”
So clearly marcs wrong, and since when can a note not be considered money? haha I guess I missed the memo. It’s like he’s saying “He’s not a catholic, hes a christian!”. Sometimes they overlap, do your homework first. We don’t need another slip-up from you like your gas prices video.
I’m glad that you brought that up because my Grand Father used to always show us his old paper dollars and he used to tell us the same thing. He used to say that we no longer have real money. He wasn’t any where near as Knowledgeable as I have become to these snakes but GOD Bless his soul he was on to something.
But I pay just .08 per gallon when @ $4.00 and .05 with the price at $2.50 see my profile
CNN911 is a lunatic
“Money is any token or other object that functions as a medium of exchange that is socially and legally accepted in payment for goods and services and in settlement of debts. …” So can a “note” be called “money”? Of course it can, but for some reason marc is getting all upset because someone proved him wrong on his theory that gas prices weren’t going up.
Hey marc, if you saw $100 on the ground, would you pick it up? If so, why would you since it’s not really money and not really a note? hmm
Do not vote for the owned candidates; the POW rat mccain and oh bomb duh.
Other seats, vote for any one other than the incumbant.
Fire washington.
Good question, the answer is funny, in a sick political way.
FRN’s are “legally” redeemable in “lawful money”, but that only means you can swap an old FRN for a new FRN. I think the statute regarding that is in title 31 USC.
I have an old $20 FRN that says “…this note is redeemable in lawful money….”.
Of course, all current $20 FRN’s just say “This note is legal tender….” No more promise to redeem in “lawful” money.
So, what is “lawful” money then? What don’t current FRN’s still say that they are redeemable in “lawful” money?
Make our own money!!!!!
Thanks, that clarifies the purpose of the video significantly.
I think the fact it isn’t what it purports to be and the fact people are forced to use them. Anytime an alternative is brought to the market they are crushed. If the market freely chose to use FRN’s, knowing they are not what they purport to be, then maybe I could accept them as money.
It seems loony to me to accept as money, fake notes, fake notes which are supposed to be a promise to pay money. Oi vey.
So what would make it money? You can use it as a method of exchange, I don’t understand what else is required for it to be considered money.
Aside from demonstrating that it isn’t a promissory note I don’t understand how it has been shown that it isn’t money, since clearly promissory notes are not equivalent to money.
Please spare me that tired “semantics” argument, I hear that enough from tax agents.:^D
The FRN is issued by a bank. I agree there is no contract or promise to pay. However, it is NOT semantics, when a bank issues a note it is not just a name put on there for the way it looks or sounds.
I didn’t say the FRN was a real note though, it’s only meant to appear as if it’s a real mote.
I disagree that because the word “note” is written at the top of the currency that it is a promissory note.
Your premise is based on the idea that it is necessarily a promissory note because it says “note” at the top, but clearly there is no contract or promise to give the holder of the fiat currency a payment in some other form.
I think it’s clear that because it is exchanged for goods and services that it is currency/money.
I think there are other better non-semantic arguments to make.
Watch the video again, I show that “legally” a “note” is a promise to pay money. A promise to pay money is not money.
As far as I’m aware money is any unit that is accepted as a method of exchange. Just because you can’t redeem it for a set amount of some commodity doesn’t mean that it’s not money.
There are reasons to argue against fiat currency, but claiming that it isn’t money is in my opinion not the best route to take.