"Mark S. Ohberg" wrote: > The real reason for its existence is the making of money out of > debt. > > The act of borrowing by the federal government causes money to spring into > existence.
There is no money. The FED does not create money. It creates credit. All banks "create and extinguish" credit. There is no money. What they create (credit) only 'passes' for money. It is not real money. Real money is gold and silver coin. I would presume this means the FED is licensed to "create and extinguish credit". In such an event it does not "coin money" and therefore, is not in violation of the Constitution? interesting line of thought..... if this is the case then Congress is also not in violation by not issuing gold and silver coin as money because there is no money. They just don't issue money. BTW: The "Congress" is not the legitimate Congress of the united States. It is the Congress of the United States of America. Two entirely different breeds of pole cats. Please see: http://www.svpvril.com/meador_it.html Logically then until such time (ever?) gold and silver coins are deemed 'money' they are simply commodities. So e-golders are simply bartering? And e-gold simply facilitates and records those barter transactions? BTW: It is illegal to loan "credit". Credit is not lent, payment of a debt is "DEFERRED": ""Credit" means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment." An eye-opener: http://www.svpvril.com/dm_MCBM.html It appears the FED System is funnier money than Monopoly money. -- Life, Love and Laughter, Dale Pond Sympathetic Vibratory Physics Sacred Science - Sacred Life http://www.svpvril.com SVP Discussion Forum: http://groups.yahoo.com/group/svpvril/ --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
