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$$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$

 
Anonymous Coward
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08/25/2011 09:38 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
33 trillion dollars!! That's got to be a record! Only trillions will satisfy a GLPer. I like the way you think OP.
 Quoting: Anonymous Coward 1519887


not really when the creature from jekyll island has probably bilked this nation to the tune of a 100 trillion.
Levi Philos

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08/25/2011 09:41 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Functions Four (previously posted)

"Money is a matter of functions four, medium, measure, standard, and store."


This old saying from econ 101 classes is only true when the actual money is a precious metal coin such as gold or silver.


Under a complete communication theory of money these functions are split from each other.


The central thesis of a communication theory of money is that money exists as a special extension of language where by means of symbols and contracts humans are enabled of the exchange of real things by proxy.


The little child learning to wave bye-bye at departing friends is learning to communicate in a symbolic fashion.


If you can walk and chew gum, you can communicate symbolically.


Money is not a *thing*; the newscaster who begins his discourse on the state of the economy with a framing of money as a *thing* is placing a barrier in your mind. Things are found in limited quantity; communications are unlimited. Money as a *thing* is a derivative conclusion from the use of precious metal coins. However, sooner or later everyone should recognize that money is currently becoming virtual in nature.


By granting a formal divorce to the functions - medium, measure, standard, and store - we may proceed forward toward a better format.


In my personal opinion, the medium can be both hard symbols and electronic entries, the measure should be time - one hour of human intellectual & physical labor, and the store can be anything generally recognized as having value to human life.


"In commerce, truth is of the essence." (Google for this phrase for some interesting material.) My personal interpretation of the core meaning of this phrase is just a longer version; thus, "In commerce, specific performance of contract is of the essence and to assure specific performance both bonding and insurance of contract are necessary."


Therefore some special recognition of silver and gold coins as "stores of value" can be assigned whereby these stores can be brought back into the total picture and used in the performance bond role just mentioned in the previous paragraph.


Together with - not a credit score - but a creditability score where your public performance (Did you show up on time and do what you said you would do?) together with a record of completed contracts is kept.

Page 21, toward the bottom: Thread: Get rid of the money system, then get rid of goverrments (Page 21)
Anonymous Coward
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08/25/2011 09:44 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Good Luck OP, I wish you tons of success!
Anonymous Coward
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08/25/2011 09:46 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
resist
Anonymous Coward
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08/25/2011 09:47 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
. . . Rothschild Gold:
[link to 911wasahoax.blogspot.com]

Criminal Rothschilds“:
[link to www.youtube.com]
9/11 New World Order plan: Europe, America vs Russia, China:
[link to www.youtube.com]

Rothschild Documentary part 1 :
[link to www.youtube.com]

The Movie The Donot Want You To See:
[link to www.youtube.com]
Who Owns The Federal Reserve?:
[link to www.youtube.com]

The Rothschilds Exposed 1/3:
[link to www.youtube.com]

Power Of The House of Rothschild:
[link to www.rense.com]

The House of Rothschild owns Israel to whom we hemorrhage over half our Foreign Aid:
"VISITING THE NATION THE ROTHSCHILDS BUILT"
[link to www.bibliotecapleyades.net]

Rothschild Boulevard in Tel Aviv:
[link to vostokzapad.wordpress.com]

Our Final Meltdown:
[link to worldreports.org]

And:
Sassoon/Rothschild opium and Illuminati banking cartel:
[link to www.asiawind.com]
[link to famulus.msnbc.com]

Speech by Robert Welch in 1958 predicting Insiders plans to destroy America:
[link to www.youtube.com]

Satan’s Throne (Israel):
[link to www.youtube.com]

“In this New World Order the children of Israel will furnish all the leaders without encountering opposition. The Governments of the different peoples forming the world republic will fall without difficulty into the hands of the Jews. It will then be possible for the Jewish rulers to abolish private property and everywhere to make use of the resources of the state. Thus will the promise of the Talmud be fulfilled, in which is said that when the Messianic time is come, the Jews will have all the property of the whole world in their hands." — Baruch Levy, Letter to Karl Marx, 'La Revue de Paris', p.574, June 1, 1928”
The Last Nail - Floor Speech May 25 2011:
[link to www.youtube.com]

Truth will set you free John 8:32
Levi Philos

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08/25/2011 09:50 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Money is not a *thing.*

I don't try to define "dollar" - my posts are an attempt to define "money."

My definition: Money is not a thing; money is a method of transferring ownership of things.

Since money is a "method" or a technique; money is actually a communication of ownership of real stuff by proxy.

As such, there is no danger of collapse of "money."

There is an almost certain danger of collapse of faith in "dollar."

Two general and interlocking presumptions keep people locked into the same thought cycle. The first presumption is that money is a *thing* , and the second presumption is that money is a natural monopoly best controlled by a centralized "authority."


The following rational is to show how money can actually be a variety of methods of transferring things of value by proxy, and these methods can operate at competition thus filling Hayek's premise in "DENATIONALIZATION OF MONEY."

There are three general categories of things of value that could be the basis for issuance of money.

Commodities and finished products held for claim can be the basis for a form of warehouse receipt - a bearer title instrument.
A promise to create and deliver something of value in the future - the promissory note - a form of a contract.
Human time as represented by a symbol such as the Ithaca Hour and redeemable in human intellectual and physical labor.


Each of these categories could in turn be broken down into general classes of total value.

Commodities, Products, Promises, and Time of high value and backed by insurance policies and/or performance bonds. Guaranteed redemption.
Commodities, Products, Promises, and Time of moderate or medium value backed by cross collateralization such as cooperative membership and/or corporation stock, and/or union affiliation in the case of Time Symbols. The second class of value might be backed by a formalized system of mutual credit.
Commodities, Products, Promises, and Time of low value could be transmitted without guarantee other than word of mouth recommendation and/or reputation records such as e-bay keeps on buyers and sellers.


Examining this structure in some depth you start to see that an entire matrix of things that can be money appears.

When you see that money is actually a method or set of methods of conveying ownership by proxy, then it becomes readily apparent that there should never be any shortage of money.

It is the limitation of money to be a single *thing* (things are found in limited quantities) rather than money as a communication that control freaks who steal by lying are enabled of their fraud.

Using precious metals for your "utterance" of money is essentially an anti-counterfeiting measure. Study out what the casinos do [post #2 [link to goldismoney.info] to issue gambling chips - they have a counterfeiting problem too, and have solved that problem by a variety of techniques.


See the Ripple thread [different forum] for more clues.
Quote Keihatsu
Here's how the system might work:

Define a public specification for a Transaction. It would store who, what, when, and where. Not why or how the transaction was determined. The protocol would be openly designed like HTTP or HTML.

With that described, companies would fill various roles:
- transaction coordinators
- transaction reporters
- transaction fulfillment
- wealth depositories
- wealth translators
- wealth lenders
- performance assurors

Performance assurors would probably become household names. When transacting, Trust would be gained by saying: "All my transactions are assured by XY Corp". If you failed to perform, they would perform on your promise (whatever that promise was).

Present a card at a convenience store. The card would identify you. The store would likely accept various performance assurance companies. Yours is one of them. Trust is gained. Performance will be made through your preferred method (eg. gold). If the store does not accept gold, a wealth translator would facilitate the trade. If they do accept gold, your wealth depository would transfer gold to the store's wealth depository. The coordinator follows the process and sends the result of all transactions to the parties' respective transaction reporters.

With the exception of the coordinators, all of the above businesses exist today. Their only change would be to communicate through the public protocol.

There is a cost to all of the above, but the benefit is authority becomes distributed into interchangeable entities. It also allows total freedom of interaction between participants. No entity can gain control and it eliminates central banks and the need for a transactional currency. Maybe most importantly, the system is built with accountability (rather than authority) at its core.
Keihatsu gets it.

Ripple is a decentralized mutual credit system; as such not a complete "money" system - but most certainly a step in the right direction. (My records show a link to Ripple was posted to page 32, however, checking today reveals the post has been deleted)

Levi Philos

Hayek nailed it; Competition in money systems brings stability.
Anonymous Coward
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08/25/2011 09:58 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
bump for brilliance!!!

You are the change. And your eloquence is compelling. I'll be rooting for your efforts over here- victory over such a...sacred cow ie the FED, would effect global change of mood.
All best!
Levi Philos

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08/25/2011 10:15 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
I cannot fathom why discussion or linking to "little chunk coin" is a bannable offense.

Doesn't really look like a workable system IMO.

One of the elements of a successful monetary system is that it is scalable - ie it can grow or shrink with population and total human activity.

"Little chunk coin" limits to 21 million chunks. Hell, you can't run a good sized town with that limitation.

Probably the idea of encrypted exchange is the real idea that TPTB want suppressed.

Money is a communication, and communications can be encrypted. It is going to happen so get over it. ("it" being resistance to the concept of encrypted monetary exchange)
Umerican

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08/25/2011 10:20 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Also, with regard to the $33 Trillion allegation, I would make sure that the amount sued for is rationally related to the allegations pled in the Complaint.

What do you think of when someone who has been damaged in the amount of $1,000 sues the big $$$ defendant for $100 million. Most think its frivolous. So make sure you can back up the amount in the complaint.

Most Federal complaints simply say damages in excess of the mininum jurisdictional limits of the Court to be decided by the jury. I suppose the limits are still the same since i litigated in Fed Courts..$75k or more.
 Quoting: Anonymous Coward 1507851


In light of that 33 trillion dollars is probably exceptionally low. Would the complaint not generate from the beginning of federal income tax's? That sounds like the place to begin to me.
Levi Philos

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08/25/2011 10:30 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Federal reserve notes are credit instruments drawn upon the credit of the people, but with improper bookkeeping.

It is already a mutual credit system.

Discussion of mutual credit begins on page 2; Thread: Get rid of the money system, then get rid of goverrments (Page 2)

Links to Major Clifford Douglas who formulated the idea of "social credit" are found on pages 20 and 33
Thread: Get rid of the money system, then get rid of goverrments (Page 33)

The whole of the movement generally referred to as "Redemption of the Strawman" is about correcting the bookkeeping in favor of the true creditor who is the individual.
Levi Philos

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08/25/2011 10:41 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
LB Bork does NOT agree with the Redemptionists.

However, IMO, his book THE RED AMENDMENT does much to show that in fact the 13th and 14th amendments enslaved the people rather than freeing the people and these two amendments passed right after the civil war were the groundwork for enslaving the people to a system of debt-money.

The Bork book is a difficult read and full of legaleeze.
CYGNUS X1

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08/25/2011 10:47 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Has this type of lawsuit ever been filed before? If so, what were the results?
SHIFT HAPPENS
Levi Philos

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08/25/2011 10:50 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Is the fed an "eleemosynary trust?"

[link to www.google.com]

At least one if not two of the hits are banned links.

The hidden questions here are (1)just exactly who is running the system, (2)who is the trustee, (3)where are the record kept, (3)if the individual is the "beneficiary" what exactly are the benefits, ...(4) your questions.

Is everyone enslaved to an eleemosynary trust?
Anonymous Coward
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08/25/2011 11:02 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
<

Wow, bump to the poster of the explanation above.
never heard it explained in that way.


quoting..."Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There's no more gold in Fort Knox. It's all GONE! Now, money really IS only paper!!! "


Where is the gold now then?
.
.
.
 Quoting: Anonymous Coward 1344578


so can anyone tell me where the gold went?
Levi Philos

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08/25/2011 11:03 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
One hit for eleemosynary trust: [link to answers.yahoo.com]

QUOTING SOMEBODY

The United Community of Socialist American Fascistic States would be the appropriate moniker for your government, don't you think? Why not? Let's examine:

99% of U.S. citizens have a Socialist Security Number where they participate in the grandest ponzi scheme ever devised by men. Instituted in 1935.

99% of U.S. citizens have a government-issued birth certificate (a.k.a. U.S. BOND INSTRUMENT/TRUST INSTRUMENT : The Federal Reserve Eleemosynary Corporate State/Joint Stock Trust) which are registered with the U.S. Department of Commerce in Washington, D.C. as "collateral" for the Federal bankruptcy which occured in 1933 of which they are also co-signers for the artificially-created (International Banksters) National Debt. Instituted in 1921 under the Sheppard-Towny Maternity Act. Applicable doctrine of Parens Patriae.

Nearly all children of the U.S. attend government schools whose curriculums come from the National Education Association (NEA) under the U.S. Department of Education. Child abuse and child labor laws where children work with State approval; abolition of private apprenticeships and the creation of state-controlled apprenticeships (Fair Labor Standards Act of 1937).

The United States, as well as all other governments on the planet, have no lawful money of account to count, i.e., gold and/or silver coin. Notes are issued by private bankers which are copyrighted, borrowed (loaned) into circulation, and are nothing but promises to pay; being non-redeemable to the bearer on demand in anything of intrinsic value. The Banking Act of 1864, The Federal Reserve Act of 1913, Banking Relief Act of 1933, Coinage Act of 1965.

Deeds of trust and certificate of titles have superceded allodial titles. No U.S. citizen OWNS his/her home or land or business. It is all hypothecated in federal reserve notes and only allowed to be "'held in trust" due to the national bankruptcy. All rents (taxes) of land go to public purposes, i.e., forced to pay for government "public schooling," etc. If not, land is stolen (confiscated) and sold at county auction where your greedy neighbor bids on it.

The majority of U.S. citizens have "self-assessed" themselves to pay a heavy progressive or graduated income tax. Federal Income Tax and abolition of all Right of Inheritance.

Centralization of Credit in the hands of the State, by means of a national bank with State Trust Capital and enjoying inflated exclusive monopoly. I think I alluded to that already.

U.S. Department of Transportation and Federal Communications Commission means communication and transport are centralized in the hands of the State. State Drivers Licenses provide for State regulation of the "privilege" NOT RIGHT to travel.

The U.S. fascistic federal government has total production and labor under control through the U.S. Departments of Labor, Commerce (ALL CORPORATIONS), Agriculture, and Interior (Dept. of Interior controls Bureau of Land Management, Bureau of Reclamation, Fish and Wildlife Services, etc., etc., etc.)

Gee, U.S. citizens, I think I have covered nearly all Ten Planks of bad ole Karl's COMMUNIST MANIFESTO for a One-World Socialist Order, or if you prefer -- as your Jesuit, Masonic and Catholic founders would state it, "Novus Ordo Seclorum." Did you ever examine the Great Seal of the Egyptian/Babylonian United States? "Almighty Jupiter, favor this rebellious undertaking (AUDACIBUS ADNUE [ANNUIT] COEPTIS!"

Hurt's, doesn't it? Now how much longer are you going to continue to play games and pretend that you have not been conquered by the BANK and a very demonic hierarchy conceived in ancient Babylon, exported to Asia minor and bequeathed to modern Rome?

And by the way, that symbol of fascism, the FASCES -- a pair of them adorn the wall above and behind the speaker's rostrum in the Chamber of the U.S. House of Representatives. And I, and others who are also aware, can think of no reason for them to be there other than to vividly declare the "fascistic" nature of U.S. American republican democracy which is better known today as PLUTOCRACY -- a government of the wealthy, elitist ruling class of which U.S. citizen/subjects are merely statutory beneficiaries: U.S. Trust Property Beneficiaries of the elite. Now what are you going to do about it? Are you going to keep taking their handouts and favors? Or are you going to better, renounce them?

Because you have forgotten God, He has forgotten you. But it's not too late -- turn away from the darkness and the corrupt rulers of this world! Repent! Seek His face and He shall justly restore each of you who do.



LINK TO AUTHOR'S SITE DELETED; GO TO LINK AT TOP TO DISCOVER
Anonymous Coward
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08/25/2011 11:20 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
<

Wow, bump to the poster of the explanation above.
never heard it explained in that way.


quoting..."Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There's no more gold in Fort Knox. It's all GONE! Now, money really IS only paper!!! "


Where is the gold now then?
.
.
.
 Quoting: Anonymous Coward 1344578


so can anyone tell me where the gold went?
 Quoting: Anonymous Coward 1344578


First the gold was moved to the Central Bank of NY.
Then it was more than likely flown out of here to TPTB, over in Europe.
Anonymous Coward
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08/25/2011 11:33 AM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
i call bs,

trust me im all for ending the fed , but his site looks shifty.


youtube vid is just ripped off another conspiracy video...

has anybody emailed him and received word yet?
Openeye2

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08/25/2011 12:28 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
THIS SHOULD BE THE MOST ACTIVE THREAD ON GLP! IT JUST SHOWS THAT NOT ENOUGH OF YOU ARE INFORMED ABOUT THIS SYSTEM! WAKE UP AND DO YOUR PART AND LETS ALL LIVE A HAPPY MEANINGFUL LIFE WITHOUT "THEM". peace
Anonymous Coward
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08/25/2011 12:35 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Yeah good idea... Flood the market with 33 trillion dollars. That'll take care of the economy
Levi Philos

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08/25/2011 12:37 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Richard Cook: [link to www.richardccook.com] claims the credit of the people should be treated as a public utility.

Blog: [link to www.richardccook.com]

Good idea. Too bad he isn't one of the presenters at the Chicago convention that is scheduled just one month and a couple of days from now.

[link to old.monetary.org]

7th Annual AMI Monetary Reform Conference
Sept. 29 - Oct. 2, 2011 at University Center in Downtown Chicago

I believe Richard Cook did present at a previous conference. The DVD, audio, and written presentations are available for purchase.
Levi Philos

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08/25/2011 12:40 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
<

Wow, bump to the poster of the explanation above.
never heard it explained in that way.


quoting..."Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There's no more gold in Fort Knox. It's all GONE! Now, money really IS only paper!!! "


Where is the gold now then?
.
.
.
 Quoting: Anonymous Coward 1344578


so can anyone tell me where the gold went?
 Quoting: Anonymous Coward 1344578


First the gold was moved to the Central Bank of NY.
Then it was more than likely flown out of here to TPTB, over in Europe.
 Quoting: Anonymous Coward 135178


The idea that gold - and especially only gold - can be money is a restriction within your own thought processes that is preventing you from conceiving better solutions.
Anonymous Coward
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08/25/2011 12:42 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
I like the video, what he had to say...

I will have fun and add my name, beats a war...

Love due process


Go op go



:)
Anonymous Coward
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08/25/2011 12:43 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Long over due action. It does my heart good to see somebody taking action and kicking the evil empire in the nuts.

Kick'em once for me, please!
Anonymous Coward
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08/25/2011 12:45 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Bs?


The guy gave his name...

He hasva partner from glp to do new site

Video is remedial, many do not know fed facts- we all do.

What does he have to gain?

He's got plenty to lose

This guy is cool and quite courageous


I am amazed how no good deed goes unpunished


Government the guy some support!!!!
Anonymous Coward
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08/25/2011 12:49 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Yes money is an illusion

But as the rules of the life game employs them,
this brave ballet dude is usingbthe system to take it down from inside

If we join him he, nay we, have a chance....


Come on, we have nothing to lose BUT THE FED ITSELF
Levi Philos

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08/25/2011 01:03 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Michael Innes wrote two pieces in 1913 and 1914 that explain the credit origin of money.

[link to www.google.com]

Abstract

This paper probes the role of banks and credit in our socio-economic system using the metaphor of banks as social accountants (Stiglitz and Weiss 1988). It highlights the credit nature of money, and thus the fact that money is an accounting construct. This motivates the viewing of financial booms and crises through an accounting lens. By accounting necessity, credit creation in deposit-taking institutions implies debt creation. The analysis is that self-amortizing credit to the real sector grows apace with the size of the economy while credit to financial asset markets creates a net debt overhead on the real economy, as illustrated by dissection of long-term credit flows in the US economy. The long boom in credit to the financial sector so led to the growth of debt since the 1980s and onto the credit crisis. Turning to the behavioral aspects of credit and debt growth, the paper also discusses the role of banks and regulators in facilitating the boom. It identifies three ways in which debt growth was de-emphasized in monitoring and policy making.
 Quoting: Dirk Bezemer


[link to mpra.ub.uni-muenchen.de]

See also "Credit and State Theories of Money" by L Randall Wray: [link to www.epicoalition.org]

First posted here: Thread: Get rid of the money system, then get rid of goverrments (Page 36)
Anonymous Coward
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08/25/2011 01:06 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
Go for it OP you should contact Ron Pauls office let him know you are doing it. Might get some help. Maybe some funding. if he gets elected he is going to need people like you to take them down....you can find his phone number to his election hq on the net they know how to get in touch with him while he is on the road...
Levi Philos

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08/25/2011 01:18 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
This presentation explains with illustrations and text in a simple manner how a mutual credit system might run and shows how gold held in a vault and used as "backing" is an illusion.

[link to www.michaeljournal.org]

I have no problem with gold coinage used in direct exchange.

I encourage the use of gold as a recognized "store of value" and further show how these deposits can be used as performance bonds in a system of decentralized mutual credit.
Levi Philos

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08/25/2011 01:44 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
An economic system is to the physical economy as a topographical map is to the physical geography. If you threw a topo map in a burning fireplace, would you look out the window expecting the rocks, roads, and marshlands to suddenly burst into flame?

All human needs are provided by the living; an inherited debt is an enslaving memepex that belongs in the circular file with the flat-earth maps.
Levi Philos

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08/25/2011 01:50 PM
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Re: $$$$$$$$$$$ The Fed Class Action $33 Trillion Dollar Lawsuit By GLP Member $$$$$$$$$$$$$
"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."

Charles MacKay in EXTRAORDINARY POPULAR DELUSIONS AND THE MADNESS OF CROWDS. [link to www.litrix.com]

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