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How Do Federal Reserve Notes Go from Printing Press into Circulation?

 
SteamrolledGobias

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02/23/2013 11:16 AM

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How Do Federal Reserve Notes Go from Printing Press into Circulation?
There was another thread out there but I want to make something more focused on getting real solid information.

Out of all the conspiracies we look into I am most driven by understanding the money. From how I get it now the system runs through the Treasury Dept which prints Federal Reserve Notes via the Bureau of Engraving and Printing.

[link to en.wikipedia.org]

Now for some reason the BEP gives these FRNs to the Federal Reserve Bank(s)? I do not know why - the assumption is because the Federal Reserve Act of 1913 gives the Fed "legal authority to issue Federal Reserve Notes"

[link to en.wikipedia.org]

Okay, so for some reason they don't print their own currency but have the treasury dept do it. Waste of resources but alright.

Now that the Fed has these notes, how do they get out to us? My assumption is thru loaning to "member banks" but why do they get 0% interest rates, yet my mortgage would be much higher? or my car loan? or my small business loan?

why can't I just borrow directly from the Fed at 0% interest? seems pretty cushy.

I am starting this thread with all the info I have and hoping others will fill in the gaps. This knowledge is made confusing on purpose to discourage people from looking into it deeper. But I'm sick and tired of being ignorant and played like a fool by a system that doesn't give a shit about me.

any and all insight is welcome
Seeker of Truth
'Be the love that you are.'

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02/23/2013 11:21 AM

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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
It's the biggest scam. the gov prints them, gives them to the FR which turns around and sells it back to the Treasury for a profit. Convoluted cluster fuck if you ask me.hf
'Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind.' - Dr. Seuss
'love has no opposite as it is the divine solvent that ends duality.' - m'Lord
'Be the love that you are' -m'Lord
The amount of love and good feelings you have at the end of your life is equal to the love and good feelings you create during your life.- mine
Yes, the things that others think, say, or do will sometimes hurt you— until they do
not anymore.What will get you from here to there most quickly is total honesty—
being willing to assert, acknowledge, and declare exactly how you feel about a thing.
Say your truth—kindly, but fully and completely. Live your truth, gently, but totally
and consistently. Change your truth easily and quickly when your experience brings
you new clarity.-God

[link to www.youtube.com]
IRQ_1

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02/23/2013 11:26 AM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
bump
Jack of all trades, master of none.
We are all the result of our past choices meeting the future.
"shall not be infringed."
HONOR... If you say you will, you do. If you say you won't you do not.
SteamrolledGobias (OP)

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02/23/2013 11:30 AM

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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
found some more info related to how the bills are produced. Here is an interesting quote:

"The Federal Reserve system pays the U.S. Treasury 020.60 per thousand notes --a little over 2 cents each-- without regard to the face value of the note. Federal Reserve Notes, incidently, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury's Bureau of Engraving and Printing, and the $20.60 per thousand price reflects the Bureau's
full cost of production. Federal Reserve Notes are printed in 01, 02, 05, 10, 20, 50, and 100 dollar denominations only; notes of 500, 1000, 5000, and 10,000 denominations were last printed in 1945." --Donald J. Winn, Assistant to the Board of Governors of the Federal Reserve system
 Quoting: Donald J. Winn


It sounds to me like the BEP doesn't just "give" dollars for free. but they are not compensated more than it costs to literally buy the ink & paper. Each note costs the Fed $0.02 regardless of if it's a $1 bill or a $100 bill.
Anonymous Coward
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02/23/2013 11:32 AM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
trucks and goons in costumes putting the shit in ATM machines and banks. next question.

oh, some now just type it into a computer
SteamrolledGobias (OP)

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02/23/2013 11:46 AM

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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
I will continue to add my research here and will also answer questions or solutions as people have them.

The interesting bit about FRNs is that they are backed by nothing. Actually it seems that they are backed by interest-bearing debt which means the money has value because we promise to pay it back in the future - plus interest.

This is actually how money is created. Directly from debt. When you borrow from a commercial bank you owe them all that money back. When the gov't sells treasury bonds/bills to the Federal Reserve they owe them all the money back - plus interest. So the only way money gets into circulation is through debt.

does this make sense? if I am wrong somebody please correct me.

From how I understand this the only 2 ways to obtain brand new money are to:

- borrow from a commercial banking institution

- borrow from the Federal Reserve Bank

nobody or nothing else will issue Federal Reserve Notes legally. So all money in circulation is almost all backed by debt - unless it is payed back - just to get loaned out again?

At the local bank level, all new money is loaned into existence. At the Federal Reserve level, money is simply manufactured out of thin air and then exchanged for interest-paying government debt. In both cases, the money is backed by debt. Debt that pays interest.
 Quoting: peakprosperity


[link to www.peakprosperity.com]
Seeker of Truth
'Be the love that you are.'

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02/23/2013 11:51 AM

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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
I will continue to add my research here and will also answer questions or solutions as people have them.

The interesting bit about FRNs is that they are backed by nothing. Actually it seems that they are backed by interest-bearing debt which means the money has value because we promise to pay it back in the future - plus interest.

This is actually how money is created. Directly from debt. When you borrow from a commercial bank you owe them all that money back. When the gov't sells treasury bonds/bills to the Federal Reserve they owe them all the money back - plus interest. So the only way money gets into circulation is through debt.

does this make sense? if I am wrong somebody please correct me.

From how I understand this the only 2 ways to obtain brand new money are to:

- borrow from a commercial banking institution

- borrow from the Federal Reserve Bank

nobody or nothing else will issue Federal Reserve Notes legally. So all money in circulation is almost all backed by debt - unless it is payed back - just to get loaned out again?

At the local bank level, all new money is loaned into existence. At the Federal Reserve level, money is simply manufactured out of thin air and then exchanged for interest-paying government debt. In both cases, the money is backed by debt. Debt that pays interest.
 Quoting: peakprosperity


[link to www.peakprosperity.com]
 Quoting: SteamrolledGobias

That is my understanding too. hf
'Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind.' - Dr. Seuss
'love has no opposite as it is the divine solvent that ends duality.' - m'Lord
'Be the love that you are' -m'Lord
The amount of love and good feelings you have at the end of your life is equal to the love and good feelings you create during your life.- mine
Yes, the things that others think, say, or do will sometimes hurt you— until they do
not anymore.What will get you from here to there most quickly is total honesty—
being willing to assert, acknowledge, and declare exactly how you feel about a thing.
Say your truth—kindly, but fully and completely. Live your truth, gently, but totally
and consistently. Change your truth easily and quickly when your experience brings
you new clarity.-God

[link to www.youtube.com]
Anonymous Coward
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02/23/2013 11:53 AM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Via Jon Corzine's Cayman Island bank account.
Anonymous Coward
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02/23/2013 11:55 AM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Larry picks them up, spends halve of it on booze and hookers, the rest gets exvhanged for coupons.
SteamrolledGobias (OP)

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02/23/2013 12:32 PM

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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
some other ideas I am very interested in understanding is what "grants" the commercial banks permission to borrow at crazy low interest rates? can anybody just make a bank, become a chapter member at our local Fed and then borrow money?

Because to borrow from any commercial entity you are granting them profit. In a case of Credit Unions where the money is put back into community loans it is not so bad. But these lending institutions require a ridiculous amount of credit history, collateral, proof of earnings...

The Fed can borrow by just writing a check. Why are the rules different based on who you borrow from? the whole system is a sham and I hope to continue proving this point via evidence in this thread.

"When you or I write a check there must be sufficient funds in out account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn.

When the Federal Reserve writes a check, it is creating money." -- Putting it simply, Boston Federal Reserve Bank
 Quoting: FSB
Anonymous Coward
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02/23/2013 02:45 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
bump

guess you saw bidermans recent video
Thread: Biderman's Daily Edge: FED Printing $4 Billion in New Money Each Day Helping juice the stock market "Magic"!
Anonymous Coward
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02/23/2013 03:02 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
I think the legalistic thinking somewhere was that since the constitution requires all treasury issue currency to be backed with silver or gold, that this is a workaround the fact that there is none in public hands.
The whole platinum trillion dollar coin was a derivative of the fact that platinum was never mentioned in the founding documents. It seems silly but this is what lawyers obsess about, the appearance of following the rules when the object is to bypass them.
Since the FED is a private institution, it's being granted a cart blanche and is fully using it to loot and indebt the public. Of course someone allowing all this gets payback somewhere, which is why nobody is willing to publicize this.
This cannot end well, where all the costs and losses are socialized, and all the profits are privatized.

Just so you know, there is no Publicly owned gold.
If you take the time to read EO 1602 you realize every ounce of gold confiscated was not sold to the treasury, but to the FED, making it a private acquisition.
It doesnt matter if Ft Knox is empty or full, its never been the publicd to begin with.
Anonymous Coward
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02/23/2013 03:16 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Its so vast. You know about the Nixon shock and gold confiscation act. In 1913 the barons from the central banking cartel managed to usurp the power to issue currency from the congress(the people). It was shady. Notice the sixteenth amendment was also in 1913. Check out the Creature from Jekyll Island. Within 20 years through 'the business cycle', through inflation and deflation, and other manipulative practices, the bankers managed to bankrupt the nation. This led to the Emergency Banking Powers Act, the FDIC, the Bank Holiday, the Social Security Act, etc. What thsi did was create a system which uses people as a commodity, with out federal income tax being leveraged as collateral. It was essentially a velvet revolution. All this after Andrew Jackson heroically opposed the central bankers and almost died as a result of it, but by God both pistols misfired during the assassination attempt.

In 1934 the gold confiscation act came, and instead of serving to base our currency on constitutional principle of gold and silver, it was also handed to the central banking cartel.

Kennedy tried to give us gold and silver back, but they got him. Then Nixon came and said let there be paper, and the constitutional basis for our currency was officially gone.

It's far more insidious than that and involves the oil barons and military industrial complex and why we fight wars and accumulate mountains of debt. These days the dollar is backed by oil, because the USD is the worlds reserve currency, but this is changing. Aside from oil the only other thing backing our debt is faith that the US government will pay back its loans+interest. The problem is that demand for the dollar as an investment could cease suddenly, in which case the Federal Reserve would ramp up their acquisition of U.S. Bonds...we are being sold into bondage for generations to come, for what?
Anonymous Coward
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02/23/2013 03:24 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
You have to ask yourself who is most to blame, those that make credit irresponsibly easy or the ones that know they will borrow with no interest in repayment.
Certainly much of the public was told that debt was no problem and that reading the fine print was unnecessary.

In the end, if there is fraudulent or intentionally bad faith and deception as part and parcel of an agreement, it is the fraudulent party that should be rendered liable, and it is, in every other situation other than the assignment of official debt to an unaware and pacified public.
Fraud invalidates all obligations based upon it, and it's obvious that the Fed has perpetrated a fraud at every level, so, why is it the public that has to make the 'whole' when they never put a penny of their own into it to begin with?
This may seem trivial, but the debt allegedly assigned to the public will be the justification for liquidating the debtors and confiscation of their property, that's the whole and only purpose of the financial and legalistic machine being created.
SteamrolledGobias (OP)

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02/23/2013 03:59 PM

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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
You have to ask yourself who is most to blame, those that make credit irresponsibly easy or the ones that know they will borrow with no interest in repayment.
Certainly much of the public was told that debt was no problem and that reading the fine print was unnecessary.

In the end, if there is fraudulent or intentionally bad faith and deception as part and parcel of an agreement, it is the fraudulent party that should be rendered liable, and it is, in every other situation other than the assignment of official debt to an unaware and pacified public.
Fraud invalidates all obligations based upon it, and it's obvious that the Fed has perpetrated a fraud at every level, so, why is it the public that has to make the 'whole' when they never put a penny of their own into it to begin with?
This may seem trivial, but the debt allegedly assigned to the public will be the justification for liquidating the debtors and confiscation of their property, that's the whole and only purpose of the financial and legalistic machine being created.
 Quoting: Anonymous Coward 31896773


that's good. I haven't ever thought of this. but it is true and absolutely digesting. I guess we really will need a debt jubilee to get out of this.

it is true that all the losses and debts are socialized and there is even a wiki page about this:

[link to en.wikipedia.org]

so many people need to be arrested it's insane. police officers need to get off their asses and do something because money affects EVERYBODY and piggies are only working so long as their paychecks keep coming. well, so long as the USD is worth any value..
SteamrolledGobias (OP)

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02/23/2013 04:05 PM

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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
another question I have is about how the Fed retains all their money - which it seems like they dont.

Fractional Reserve Banking means the Fed should always have some dollars in the vault, correct? But it seems like the Fed would just write new checks and print money whenever they need it.

So do they have some FRNs stashed away just in case somebody needs a loan?

Also sort-of related, but where do they go to purchase all these toxic assets and mortgages? because that whole operation seems very shady. it's a private banking institution purchasing land within the US.

The whole Federal Reserve Bank doesn't even seem to have a business plan other than rape and pillage. The company is just trying to own as much shit as possible while passing the debt+interest onto the federal national debt.

it seems like these guys are doing a lot of illegal things.. am I wrong? There is plenty of justification for the people who run the Fed to be arrested & indicted with felony charges. conspiracy to defraud investors, oh and we've never seen a full audit have we? no audits of any bookkeeping from outside sources.

Last Edited by SteamrolledGobias on 02/23/2013 04:07 PM
Anonymous Coward
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02/23/2013 04:52 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Congratulations on the degree of comprehension you are exhibiting to this point. You are exactly the sort of individual my posts are aimed at.

The question you post as subject line is a process question and the definitive answers were provided in two fed publications. Modern Money Mechanics, and Two Faces of Debt.

Those publications were available to the public up to some point in the early 1990s. I read them as paper copies about 1995, but you can obtain PDF copies here:

[link to www.reinventingmoney.com]

The congressman Wright Patman was head of a committee that also created a report - that report should also be read.

MMM: [link to www.reinventingmoney.com]

Two Faces: [link to www.reinventingmoney.com]

Wright Patman: [link to dewoody.net]

The two Dr Popp paperbacks were also converted into PDF format documents and are also available at the reinventing money site library. The Riegel books are about credit as money and how to run a mutual credit monetary system.

More links like that are provided early in the first ten pages of this thread: Thread: Get rid of the money system, then get rid of goverrments (Page 8)
Anonymous Coward
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02/23/2013 04:58 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Incidentally, that .02 per note cost of printing is quite an old number. I have not tried to make any discovery but suspect that with higher quality paper, embedded strips and holographic features that cost is likely closer to .10 fed bux per note.

Presuming it costs .10 fed buck to print a $100 note, then here is a seigniorage question; to whom is the $99.90 difference assigned to?

Obviously you are aware of some hanky-panky afoot...

Massive theft on a scale never witnessed before in history is more like the full truth.
Levi Philos
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02/23/2013 05:05 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
I had not looked at that link for the Wright Patman report; insert this search string into your favorite search engine:

"Wright Patman" "committee on banking and currency"

I know very well it is available in a format other than an image file because I am the guy who digitized it.

I'll do a bit of looking...
Levi Philos
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02/23/2013 05:25 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Thomas Schauf was (is?) a CPA who exposed the fraud both in published books and in court testimony.

Here is one from Schauf that references the Wright Patman report:

[link to www.freedom-school.com]

I believe Freedom School also has the Wright Patman document in a digital print (not an image file) format. However, I have been unable to locate it to this point.
l
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02/23/2013 05:30 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Here is most (if not all) of the Wright Patman report to congress:

[link to www.freedom-school.com]

Closely related: [link to www.freedom-school.com]
Anonymous Coward
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02/23/2013 06:14 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Actually Mr SRG, you already have some grasp on the answers to your question: "How Do Federal Reserve Notes Go from Printing Press into Circulation?

The problem most have when confronted with the facts is they choose to ignore the facts rather than confront and deal with the correct model.

I have more hope for you.

I remember what I went through and freely admit it took months to deal with the internal conflicts. My sympathy is extended...

FEAR = False Evidence Appearing Real

I see hope, prosperity, and freedom ahead.

Thread: Get rid of the money system, then get rid of goverrments (Page 50)
Levi Philos
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02/24/2013 07:55 AM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
An economic system is to the physical economy as a topographical map is to the physical geography. If you threw a topo map into a burning fireplace, would you look out the window expecting the rocks, roads, and marshlands to suddenly burst into flame?

and

A problem cannot be solved using the same patterns that caused the problem in the first place.

and

An economic system is a cultural decision making machine. The culture you live within is a direct result of the economic model; change that and change the culture.

I have more of those...
SteamrolledGobias (OP)

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02/24/2013 11:47 AM

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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
thanks AC590644 you have added lots of valuable stuff to this thread.

I'll keep bumping and adding new stuff as I can find anything.

it is my hope others can learn from this information and together we can deal with these criminals. once the Fed execs are arrested, we are well on our way to dealing with the core of the problems we face today.
Anonymous Coward
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02/24/2013 12:07 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Thread: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul (Page 87)
federal reserve notes are a private currency you pay tribute/user fee to use them. web search: irrecusable obligation Get mad, and demand the Peoples interest free money United States Notes at your bank.
Levi Philos
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02/25/2013 09:28 AM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Thread: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul (Page 87)
federal reserve notes are a private currency you pay tribute/user fee to use them. web search: irrecusable obligation Get mad, and demand the Peoples interest free money United States Notes at your bank.
 Quoting: Anonymous Coward 136140


Discussion of the private credit vs lawful money is found here: [link to savingtosuitorsclub.net]
Levi Philos
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02/25/2013 06:59 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Thomas Edison and Henry Ford on Government Created Debt-Free Money

[link to prosperityuk.com]
Anonymous Coward
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02/25/2013 07:08 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Read the Creature from Jekyll Island.

Watch this video. It's long, but it explains EVERYTHING about the money system. How it is a complete fraud, and the history of how it was put into place.

The Wizard of Oz is ABOUT the money system. Follow the yellow brick (gold) road.

Anonymous Coward
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02/25/2013 07:09 PM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
And, by the way, printed FRNs are less than 3 percent of the money supply. It's mostly just numbers in computers, they don't even have to print it.
Levi Philos
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02/26/2013 03:43 AM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Modern Money Mechanics and the other fed publication Two Faces of Debt explain the process, but Ed Griffin also explained the same process in chapter ten of his book.

Chapter ten is titled "The Mandrake Mechanism" and discussion is found many places on the internet. Here is one link that appears to have the entire contents of chapter ten:

[link to www.real-debt-elimination.com]

A closely related article was written by Prof. Auriti of Italy about 1998 or 99. I forget the exact title, but it is something about the Induction of Value to Money and the Ownership Thereafter. Like Griffin's Mandrake Mechanism - Auriti's piece is also found in many places together with some discussion. Auriti's piece is only about four pages, but is a powerful statement.

All interested students of the process are also well advised to read the Robert Mundell explanation of Gresham's law. This piece shows why one monetary design might circulate and grab market share while another design would fail to circulate.

I have read expositions on Gresham's law by a number of economic writers, but Mundell's piece is the definitive standard.

[link to www.columbia.edu]
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02/26/2013 04:01 AM
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Re: How Do Federal Reserve Notes Go from Printing Press into Circulation?
Carefully.

News