Copyright © 2003
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V09-1003
Exemption Accounting In 1933, our on ce god-!"c#ed system w"s eimin"ted "nd Congress dec"red it so $see %ouse &oint 'esoution 192, Suspension of Gold Gold st"tesmen in Congress, howe+er, who who stood up in opposition to this New e" pro-!"n#er Standard , &une 1933(. )here were " *ew st"tesmen egis"tion in 1933. ne o* them w"s /ouis cF"dden. %e o!ected "Mr. Speaker, I regret that the membership of the House has had no opportunity to consider or even read this bi . . . It is an important banking bi. It is a dictatorship over finance in the !nited States." Congression" 'ecord, "rch 9, 1933, %ouse, Congressm"n /ouis cF"dden, 43rd Congress, 5peci" 5ession, 1 st 5ession, Voume 44, 6"rt 1, p. 70 8most " ye"r pre+iousy, Congressm"n Congressm"n cF"dden re+e"ed his position on the Feder" 'eser+e in "n "ddress to the %ouse o * 'epresent"ti+es 'epresent"ti+es on &une 10, 1932 "Some peope think the edera reserve banks are !nited States #overnment institutions. $hey are not government government institutions. $hey are private credit credit monopoies %hich prey upon the peope of the !nited States for the benefit of themseves themseves and their foreign customers... customers... $he edera &eserve banks are the agents of the foreign centra banks' banks' the truth is the edera 'ecord, &une 10, 1932, %ouse, &eserve (oard has usurped the #overnment of the !nited States . . ." Congression" 'ecord, Congressm"n cF"dden, 42nd Congress, 1st 5ession, Voume Voume 4, 6"rt 11, p p. 129-129:, 1299, 12:02 5o, i* there is no more god $or si+er which w"s t"#en in 19:( to "ct "s the security *or the ;.5. !ig"tions cre"ted !y the Feder" 'eser+e money credit system, then wh"t h"s !een pedged *or s"tis*"ction o* those o!ig"tions< 'epresent"ti+e 6"tm"n summ"ri=ed summ"ri=ed it !est !"c# in 1933 "!nder the ne% a% >see 6u!ic /"ws o* the 43rd Congress, "rch 9, 1933? the money )&*s and credit+ is issued to the )edera reserve+ banks in return for #overnment #overnment obigations, bis of exchange, drafts, notes, trade acceptances, and bankers acceptances. $he money %i be %orth - cents on the doar, because it is backed by the credit of the *ation. It %i represent a mortgage on a the homes and other property of a the peope in the *ation." Congression" 'ecord, "rch 9, 1933, %ouse, Congressm"n 6"tm"n, 43rd Congress, 5peci" 5ession, 1 st 5ession, Voume Voume 44, 6"rt 1, p. 73 )he Congress o* 1933 enisted e+ery 8meric"n 8meric"n into " +ount"ry s"+ery@suretyship to protect the ;.5. *rom !"n#ruptcy. 'e"d the *oowing Congression" Auotes "I %ant to sho% you %here the peope are being imposed upon by reason of the deegation of this tremendous po%er. po%er. I invite your attention to the fact that section -/ of the edera &eserve Act provides that %henever the #overnment #overnment of the !nited States issues and deivers money, money, edera &eserve notes, %hich are based on the credit of the *ation00they represent a mortgage upon your home and my home, and upon a the property of a the peope of the *ation00to the edera &eserve agent, an interest charge sha be coected for the #overnment' $he money coected on interest charges shoud go into the $reasury. $re asury. Has that ever been done1 *o2 it has never been done' if the a% had been compied %ith they %oud o%e this #overnment biions of doars today." -- Congression" 'ecord "rch 13, 1933, %ouse, Congressm"n 6"tm"n, 43 rd Congress, 5peci" 5ession, 1 st 5ession, Voume 44, 6"rt 1, p. 292 o you see the term credit o* the N"tion in the "!o+e Auotes< )his me"ns 3e "re the 4reditors B ur property "nd "nd energy *eeds@*unds the entire ;.5. corpor"tion economy, so " o* its products "nd ser+ices "re 5&E5AI6 !y "nd *or usB )hese corpor"tions "re merey hoding our property unti we c"im it "s their Creditors@6re*erred 5toc#hodersB )his is the 6u!ic 6oicy eemption pro+ided *or in %&' 192@6u!ic /"w 43-10 to disch"rge de!ts do"r *or do"r !y simpy signing "ny !i@st"tement@receipt !i@st"tement@receipt we get *rom them so the "ccounting c"n !e "dusted, setted "nd cosed. 5ee the ch"rt !eow *or "n e"mpe o* the !"sic ! oo##eeping entries in this system *or " mortg"ge o"n. Notice how the credit *or our o"n comes *rom the i"!iity i"!iity owed to us *rom the Feder" 'eser+e, 'eser+e, i.e., *rom our own credit@eemptionB credit@eemptionB 8s cF"dden st"ted "$he peope have a vaid caim against the' edera reserve banks' 3e ought to find out the exact amount of the peopes caim' and %e shoud coect that amount immediatey' and the edera reserve banks, having vioated their charters, shoud be i7uidated immediatey' !ness this is done by us, I predict that the American peope, outraged, robbed, piaged, insuted, and betrayed as they are in their o%n and, %i rise in their %rath and send a 5resident here %ho %i s%eep the 'ecord, &une 10, 1932, %ouse, Congressm"n Congressm"n cF"dden, 42nd Congress, 1st money changers out of the tempe." Congression" 'ecord, 5ession, Voume Voume 4, 6"rt 11, pp. 12:02, 12:03 )here*ore, i* "ny ;.5. corpor"tion "**ii"te or *r"nchise *"is to honor our eemption in ech"nge to sette@seto** "ny "ccounting, we reAuest them to pro+e their c"im th"t our eemption is not in "ccord with 6 u!ic 6oicy. 6oicy. ;pon eh"usting our pri+"te "dministr"ti+e remedies, "s witnessed !y " disinterested third p"rty Not"ry 6u!ic to o!t"in " pri+"te udgment, we then su!mit "n "mended udgment to Feder" C"ims Court "s our second pu!ic witness "nd *or eecution o* tre!e d"m"ges "nd@or iAuid"tion. oreo+er, *"iure *"iure to honor our eemption puts th"t person@org"ni="tion in the position o* c"iming th"t the ;nited 5t"tes stoe our god "nd property in 1933 !y not pro+iding "deAu"te consider"tion, "nd "so "so +io"ted the 1:th 8mendment th"t prohi!its in+ount"ry ser+itude@s"+ery. ser+itude@s"+ery. 5uch " position coud !e prosecuted "s sedition "nd terrorism "g"inst the ;.5 Do+ernment, especi"y in ight o* the new %ome"nd 5ecurity "nd 6"triot 8cts, "s we "s impeding interst"te commerce.
Copyright © 2003
FreedomNews.com
6"ge 1 o* 2
Copyright © 2003
FreedomNews.com
V09-1003
Exemption Accounting (ookkeeping Entries 4hart or a $ypica 8oan $&A*SA4$I9*S
1. 6eope deposit god in 1933 $%&' 192(
2. Feder" 'eser+e !uys ;5 5ecurities
;5 )re"sury 8sset EEEEEEEEEEEEEEEEEEEEEE
1,000,0001
1,000,0001 1,000,0002
Feder" 'eser+e 8sset EEEEEEEEEEEEEEEEEEEEEE
G. "n# ses 6romissory Note
Fed 'es /i"!iity to 6eope EEEEEEEEEEEEEEEEEEEEEE
1,000,0002 100,000G
100,0003
100,000G
"n# /i"!iity to epositor EEEEEEEEEEEEEEEEEEEEEE
-,:
100,000G
"n# C"sh EEEEEEEEEEEEEEEEEEEEEE
-,;
100,000 1,000: . "n# o"ns *unds *rom s"e o* 6romissory Note "n# 8ccts 'ecei+"!e EEEEEEEEEEEEEEEEEEEEEE :. /o"n p"yments
1,000,0002
1,000,0002
"n# 8sset EEEEEEEEEEEEEEEEEEEEEE 3. "n# deposits 6romissory Note
;5 )re"sury /i"!iity to 6eope EEEEEEEEEEEEEEEEEEEEEEE
100,000 1,000:
Note Khen : p"yments E 100,000, then "nd : c"nce e"ch other out, e"+ing G "n# C"sh E 100,000 to p"y !"c# 3 "n# /i"!iity to epositor o* 100,000, showing they sti owe us our depositsB
ACCEPTANCE FOR $______________ DATED:________ EXEMPTION ID#:_______________ PAY TO BEARER ON DEMAND MY SOLEMN DEED ________________________ BOND#:______________ REG#: ________________ APPLY ENDORSEMENT HERE:________________________________________
Huestion 5ince 12 ;5C 73 prohi!its !"n#s *rom m"#ing o"ns !"sed on their own c"pit" stoc#, !"n#s impicity must use our eemptions to *und these o"ns "s depicted !y tr"ns"ction G. )hen why shoud not the !"n# "so credit our "ccounts when we expicity "uthori=e them to use our eemption to set-o** ch"rges *or receipts o* prep"id corpor"te goods "nd ser+ices +i" "n 8ccepted For V"ue J 'eturned For V"ue st"mp $see "!o+e( on such !is@st"tements< )hen no o"n woud e+er !e neededB Copyright © 2003
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6"ge 2 o* 2
