Bank Accounts, Credit Cards, and Mortgages - Oh MY!
1. When are bonds legislated into existence?
When Congress borrows money on the credit of the United States.
2. When are bonds deposited as credit entries in Federal Reserve banks?
When Congress borrows money on the credit of the United States.
3. Are United States bonds, bills and notes money?
Yes, Supreme Court (Legal Tender Cases, 110 U.S. 421).
4. What happens when bonds, bills and notes are deposited with the Feds?
They become collateral from whence the Treasury may write checks against the credit thus created in its account (12 USC 391).
5. Who appropriates expenditures?
Congress.
6. How does Congress finance the appropriation?
Congress creates the amount in bonds.
7. What happens to the bonds?
Congress deposits them with the privately owned Federal Reserve System.
8. What do the Feds do with the bonds?
The Feds credit the amount to the Treasury's checking account.
9. What becomes of the bonds?
The Feds hold them for collateral for the checking account.
10. Why is this a problem?
The Federal Reserve System is privately owned. The borrower is a slave to the lender.
11. What happens when the United States deposits its bonds with the Feds?
Private credit is extended to the Treasury.
12. In what manner is Congress authorized to borrow money?
The Constitution authorized Congress to contract debt.
13. What is the result of Congress borrowing money?
It must be returned.
14. What happens when Congress spends the private credit?
It must be returned to the privately owned Feds with interest.
15. When Congress authorized an expenditure, who incurs the primary obligation to return the borrowed credit?
The United States tax payer.
16. What happens when borrowed credit is not returned?
National debt.
17. Does this affect you, even if you never practices personal usury?
Yes, it enslaves you.
18. What happens if one uses the private credit (paper money) from the Feds to purchase goods and services?
One voluntarily is obligated to make a return of income.
19. What happens when a return of income is made?
A portion of the income is collected by the IRS and delivered to the privately owned Federal Reserve bank owners. Most of the rest goes into a private slush fund raised from voluntary contributions, and Congress is not restricted by the Constitution when spending or disbursing the proceeds from this private fund.
20. Is that how simple it is?
No, the federal income tax law centers around two obligations: you are required to make a return for using private credit, and to abide by the Internal Revenue Code.
21. What is the basis of this obligation?
The return of income for using private credit is an old recognized standard law, 'Bouvier's Law Dictionary' (1914 ed.).
22. Is there a common term for the law?
Yes, irrecusable obligation.
23. What does it mean?
It is "a certain class of contractual obligations recognized by the law which are imposed upon a person without his consent and without regard to any act of his own."
24. What if one voluntarily accepts an obligation imposed by this type of law?
It is called a "recusable obligation".
25. What does this all mean?
You have to file a tax return according to law because you voluntarily use private credit.
26. Are we talking credit cards here?
Yes, but much more, the entire monetary system is run on private debt.
27. What is the nature of federal income tax?
The federal income tax is in the class of indirect taxes, which include duties and excises. The tax is an obligation which the taxpayer voluntarily assumes.
28. How does one voluntarily assume the tax?
You guessed it - private credit, for the Federal Reserve is private and extends credit based upon the collateral it holds in bonds created by Congress.
29. Are Federal Reserve banks public or private?
Private, for they are derived from the Federal Reserve Act.
30. What does that have to do with anything?
The Federal Reserve Act is private law because statutes creating corporations are private acts.
31. Why is that important?
Because courts can enforce private law when statutes of enforcement are enacted. Courts can apply the revenue code to taxpayers who are obligated because of private credit.
32. Why not just write the Revenue code as public law?
It would violate the constitution.
33. How can a private law have such extensive reach?
Because it can be published as a public law if the general public is allowed the opportunity to participate in it. No one has restricted me from participating in income tax, have they you?
34. How does the Constitution read concerning money?
It authorizes Congress to issue public money to be lawful currency.
35. What is significant about that money?
The person who has it, owns it.
36. What does the Fed issue?
Credit, it is neither money nor property.
37. What does that mean?
You have an interest in it but you do not own it.
38. What if i don't want to use the private credit system?
There are two competing monetary systems.
39. What are they?
The Federal Reserve System, with private credit and currency. The public money system of United States notes and coins.
40. What is the main difference?
The Federal Reserve System obligates you to return a tax on your income because it is private.
41. What will happen if I choose the public system?
The IRS has authority to summon and investigate bank records for the purpose of determining tax liabilities or discovering unknown taxpayers (Under 26 USC 7609).
42. What constitutes enough evidence?
If an investigation of bank records shows $1000 in deposits in a single year, you are obligated to make a return of income.
43. Am I using the private credit system?
If you use bank accounts, credit cards, mortgages, etc., you voluntarily plugs yourself into the system.
44. What is the basic idea of an income tax deduction?
The public coins that a person uses in the course of a year, for public money must be deducted when computing the charge for using private credit.
45. What happened to the public gold coins of the last generation?
On June 5, 1933, Congress enacted House Joint Resolution 192, which asked people to exchange their public gold coins for private credit Federal Reserve notes.
46. How can I still use public money?
Get a quarter rolling machine.
47. What is a Federal Reserve note again?
Evidence of indebtedness which pledges redemption in public money to the note holder (12 USC 411).
SUMMARY AND THOUGHTS:
Now compare this system of deception and usury with the system that God set up for Israel. A system of true family owned property, no usury, and periodic times when all debt was canceled.
The only evil that is worse is our so-called justice system, which allows the release of some of the most vile and evil men that have ever walked the face of the earth after they have committed capital crimes as defined in the Bible.
Humanism under the guise of equal human rights, which in reality is a platform for the spread of filth and sin as well as imposing it on the innocent, is stocking your children to produce an evil in them ten times worse than in themselves.
This system and these values finance and motivate the most powerful war machine the world has ever seen to date. Who can calculate and justify the injury and death in the name of liberty and democracy? I suppose you will continue to feel safe and saved until it isolates and turns on you (a follower of Jesus) once you refuse to feed it - except under duress and against your will? Feed it voluntarily and you will not escape judgment.
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Author: bimonics
Location: Rocklin California USA
Gender: Male
Age: 58
Blog Entries: 219 (archive)
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hello, my name is grant. my user name is bimonics which is short for bible mnemonics. i am blessed with a wonderful loving wife; a gifted, mature, christian lady. between us we have 8 children and at present 27 grandchildren, and 2 great grandchildren. i was born in 1952, to...
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i was lost when jesus found me. i am still lost without his company, and without all that he does. i was a lead guitarist in a rock band, until i gave up my old life and picked up the bible. i am still a guitarist for the rock that...
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