40th anniversary of Nixon ending the gold standard

since, the $ is based only on trust
http://www.zerohedge.com/news/today...dard-and-creating-modern-fiat-monetary-system

 

I see someone finally starting to understand the trust game. Finally. its complex and nice understanding of estate law and admiralty and you maybe well on your way. did you know that money is not money but security, and trust funds?

 

Stop being so pompous, you're not the only person that understands this.

 

damn lol. why so harsh? how do you know? maybe he does? i posted some interesting questions here once or twice so maybe that inspired him to do his own research. maybe not. its not my information so I can't claim it as my own. but its just funny to me about how many people talk about things and have no clue what they are talking about when it comes to money, economics law etc. so its nice to see someone doing some research. that's all, really

 

Oh i just reread your statement. can u enlighten me on your knowledge of the trust scenario with regard to the money here? I have posted here time and time again things that I have never, ever seen anybody here even speak on, so im curious to see if I have missed something.

 

Fiat currency only has the value that we assign to it, as it's backed by nothing. It's as simple as that. Money is not "security" or "trust funds", as you put it, those terms refer to other things within the financial system. The pieces of paper are nothing more than IOUs, in fact they're not even that because they don't promise to pay anything.

 

just as i expected, u don't know. but that is ok. now let's see you want to see what u got on what you think you know lets put it to the test. I challenge you to a duel, glove slap. Perhaps a small wager?


I contest the federal reserve is a trust, and that fed notes are trust fund. The words RES of Reserve reveal that it is in fact a trust and fed notes are no more than maritime insurance policies, security from liability and the bonds that treasury issues are the insurance policy just as any insurance policy is bonded. the numbers on the dollars

Since the IMF, another trust fund, is the for the reconstruction bank, all fiat currency as you call is granted as a privilege into existence as charity. The fiat currency is backed by your future labor because there is NO DEBT! There is only liability, and there are differences as you cannot use fed notes to pay, it only discharges. You only discharge liability. Do you accept the challenge? What should we wager? Cause we can find out who is right, right now

 

why don't you give this a look see for starters:

well did you know any "person" in commerce is a trust? a person, just like ownership, money, trust are very general terms which when looked at closer reveals legalese at a high level. what kind of ownership do people have today. did you know there were different kinds of "persons". Each section of code and statute has a definition section revealing the legalese and unless you look at them and understand them you have no idea what the law, money or the surrounding circumstances around them are. let's look at black's law dictionary for some of these:



Black's Law Dictionary 2nd Edition pgs 534-535:

Person. 1. A human being. also termed natural person. (interestingly enough, natural person appears only a few times in statute).

artificial person. An entity, such as a corporation, created by law and given certain legal rights and duties of a human being; a being real or imaginary, who for the purpose of legal reasoning is treated more or less as a human being.



Under the internal revenue code, title 26 usc, under the definitions section a person generally is:



TITLE 26 > Subtitle F > CHAPTER 79 > § 7701

§ 7701. Definitions

(a) When used in this title, where not otherwise distinctly expressed or manifestly incompatible with the intent thereof—
(1) Person
The term “person” shall be construed to mean and include an individual, a TRUST, estate, partnership, association, company or corporation.


More specifically, a US Person is defined as:

(30) United States person
The term “United States person” means—
(A) a citizen or resident of the United States,
(B) a domestic partnership,
(C) a domestic corporation,
(D) any estate (other than a foreign estate, within the meaning of paragraph (31)), and
(E) ANY TRUST if—
(i) a court within the United States is able to exercise primary supervision over the administration of the trust, and
(ii) one or more United States persons have the authority to control all substantial decisions of the trust.




Now what creates a trust:

http://www.irs.gov/businesses/small/...106551,00.html

Basic Trust Law

Q: What is a trust?

A: A trust is an entity created and governed under the state law in which it was formed. A trust involves the creation of a fiduciary relationship between a grantor, a trustee, and a beneficiary for a stated purpose. A trust may be created by any of the following methods:

A declaration by the owner of property that the owner holds the property as trustee;
A transfer of property by the owner during the owner's lifetime to another person as trustee;
A transfer of property by the owner, by will or by other instrument taking effect upon the death of the owner, in trust, to another person as trustee or
An exercise of a power of appointment to another person as trustee or an enforceable promise to create a trust.

Q: Who is a grantor of a trust?

A: The grantor (also known as trustor, settlor, or creator) is the creator of the trust relationship and is generally the owner of the assets initially contributed to the trust. The grantor generally establishes in the trust instrument the terms and provisions of the trust relationship between the grantor, the trustee, and the beneficiary. These will usually include the following:

The rights, duties, and powers of the trustee;
Distribution provisions;
Ability of the grantor to amend, modify, revoke, or terminate the trust agreement;
The designation and selection of a trustee or successor trustees; and
The designation of the state under which the terms and provisions of the trust agreement are to be governed.

The money place in things like CAFR accounts are placed there by trustees for the benefit of the beneficiaries and or entitlement holders per statute. look at your city and state CAFR and you can find out many things about what funds are in trust and who are the trustees. Since any person is a trust, any gratuitous transfer of property placed with a person is considered a trust:



http://www.irs.gov/pub/irs-tege/eotopica03.pdf

Who are the parties to a trust?

Parties Trusts are defined in terms of parties (grantor, trustee, beneficiary) and
relationships pertaining to the trust property.

Grantor Every express trust has one or more grantors who contribute the property to the trustee and state the terms of the trust. The grantor is deemed a substantial contributor/disqualified person with respect to the trust, under IRC 507(d)(2)(A).

Other names for the grantor include:
creator
donor
founder
settlor
Trustor



Property Alternative names for the property transferred to the trust are the:
Capital
Corpus
Estate
Principal
Res

Document title The written document governing the trust typically is given one of the following titles, although no title is necessary:
agreement
declaration
deed
indenture
instrument
will/testament (for testamentary trust)


As you can see, trusts can be created by operations of law and no title is necessary to establish one:

http://www.in.gov/legislative/ic/cod...0/ar4/ch2.html


IC 30-4-2
Chapter 2. Rules Governing the Creation of Trusts
IC 30-4-2-1
Written evidence of terms; definite terms; validity of inter vivos trust; existence of trust beneficiaries; creation of trust by exercise of power of appointment
Sec. 1. (a) A trust in either real or personal property is enforceable only if there is written evidence of its terms bearing the signature of the settlor or the settlor's authorized agent.
(b) Except as required in the applicable probate law for the execution of wills, no formal language is required to create a trust, but its terms must be sufficiently definite so that the trust property, the identity of the trustee, the nature of the trustee's interest, the identity of the beneficiary, the nature of the beneficiary's interest and the purpose of the trust may be ascertained with reasonable certainty.

IC 30-4-1-2
Other definitions
Sec. 2. As used in this article:

(19) "Trust property" means property either placed in trust or purchased or otherwise acquired by the trustee for the trust regardless of whether the trust property is titled in the name of the trustee or the name of the trust.


http://www.irs.gov/instructions/i3520a/ch01.html

Grantor

A grantor includes any person who creates a trust or directly or indirectly makes a gratuitous transfer of cash or other property to a trust. A grantor includes any person treated as the owner of any part of a foreign trust's assets under sections 671 through 679, excluding section 678


http://www.businessdictionary.com/de...ied-trust.html

implied trust

Definition

Trust that arises from the un-expressed and presumed intentions (inferred from a trustor's conduct, language, or relationships), or is enforced by a court as a result of surrounding circumstances. For example, if 'A' purchases property in the name of 'B', there is a presumed intention that 'A' holds that property in trust for 'B.'

 

As you can see, the Federal Reserve and it's Agency are the Grantors of the trust and the Treasury of the US is the Trustee. IN addition, the words trust appear on the bill with two signatures and the great seal of the Fed Reserve on it. YOUR FUTURE LABOR backs the bonds as that is your first priority as a citizen, suretyship! I am so tired of hearing this bull crap about nothing backing them. Do you think these people are stupid? They are 20 steps ahead of you. You think these people would let you run up credit with no assets, because by the way all the land, cars, property in general in in trust and in ABEYANCE and RECEIVERSHIP waiting until the creditors come to appropriate, but that is for later. Let us get into YOUR suretyship:

are you familiar with suretyship? in ancient times, and even til today a person could pledge the future labor of someone else in the form of services due or to be performed placing them into bondage and servitude. in feudalism, those in the lower levels of the feud would pledge homage and fealty to the lord and the estate in the form of security. under marxist capitalism, the number one commodity is labor..

what is the collateral backing the bonds that treasury pledges to the federal reserve? what is a constitutor, accomodation party, peonage, and what is the duty that a surety have to perform for its principal?

http://indianpcpals.com/dictionary/legal/C/Constitutor.htm



Constitutor

Civil law. He who promised by a simple pact to pay the debt of another; and this is always a principal obligation.



Bouvier Law Dictionary 1856

CONSTITUTOR, civil law. He who promised by a simple pact to pay the debt of another; and this is always a principal obligation. Inst. 4, 6, 9.



Accommodation Party
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia

One who signs a Commercial Paper for the purpose of lending his or her name and credit to another party to the document—the accommodated party—to help that party obtain a loan or an extension of credit.

A person wanting to obtain a car loan, for example, may offer a finance company a promissory note for the amount of the requested loan, promising to repay the amount over a number of years. If the company does not consider the person a good credit risk (one who will be able to repay the loan), it will request that someone else sign the note to ensure that the company will be repaid. Such a person may be an accommodation endorser, because he or she endorses the note after it has been completed, or an accommodation maker, because he or she must sign the note with the accommodation party.

An accommodation party is liable to the person or business that extended credit to the

accommodation party, but not to the accommodated party. The accommodation party is liable for the amount specified on the accommodation paper. If an accommodation party repays the debt, he or she can seek reimbursement from the accommodated party.

US Constitution
14th Amendment
Amendment XIV

Section 4.

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Did you know that the only reason the US has money is because it extends credit over to the Fed Reserve in the form of bonds. So what is backing the bonds? It seems that the US is the guarantor/principal and the labor of the people have become sureties i.e. constitutors who cannot question the public debt...

 

So as we have shown the US is the principal and the people are the surety, which is the full faith and credit that is backing the bonds issued by treasury for fed notes, your future labor! I will explain more soon:


did you know there were penalties for being in debt and never paying, or not having the ability to pay due to insolvency? the estates are under civil death under law merchant and have no equity and become corps under the law...what happens when you go to a restaurant, eat and cannot pay the bills? you work it off..

Peonage

A condition of enforced servitude by which a person is restrained of his or her liberty and compelled to labor in payment of some debt or obligation.


Further indentured servitude, because an indenture is any securities outstanding, like bonds or the like. stock, controlling rights.. security.


http://www.law.cornell.edu/uscode/15/usc_sec_15_00000077-ccc000-.html

TITLE 15 > CHAPTER 2A > SUBCHAPTER III > § 77ccc

§ 77ccc. Definitions

When used in this subchapter, unless the context otherwise requires—

(7) The term “indenture” means any mortgage, deed of trust, trust or other indenture, or similar instrument or agreement (including any supplement or amendment to any of the foregoing), under which securities are outstanding or are to be issued, whether or not any property, real or personal, is, or is to be, pledged, mortgaged, assigned, or conveyed thereunder.

Those Bonds outstanding in trust is what created the bondage on your future labor pledged to the US to hypothecate so that more credit can be extended. Each time this happens, your future labor is pledged more.

 

Under attachment and under merchant statute staple, your body can be seized to provide protection, security to the principal as your future labor is what is the asset backing the fed notes. Fed notes are security, bottom line as they only discharge liability, not pay for anything. Please tell me how you can pay for anything when there is a national debt? Since the Fed Res has written the insurance policy, grantor of the fed notes, they have subrogated the rights of all the property in first lien position. Let me slow down for you and let you squirm some....

Black's Law Dictionary 2nd Ed

Under Debt:

The words "debt" and "liability" are not
synonymous. As applied to the pecuniary
relations of parties, liability is a term of
broader significance than debt. The legal
acceptation of debt is a sum of money due by
certain and express agreement. Liability is
responsibility; the state of one who is bound
in law and justice to do something which
may be enforced by action. This liability
may arise from contracts either express or
implied, or in consequence of torts committed.
McElfresh v. Kirkendall, 36 Iowa, 226.
"Debt" is not exactly synonymous with
"duty." A debt is a legal liability to pay a
specific sum of money; a duty is a legal obligation
to perform some act. Allen v. Dickson,
Minor (Ala.) 120.

 

You are a ward and livestock as you are currently conducting your affairs. Each "contract" you sign is a actually a business trust, security and stock in a United States enterprise as a joint venture and partnership, your work! Under Marxist Capitalism, Labor is the number one commodity.

http://en.wikipedia.org/wiki/Labour_power



Bouvier's Law Dictionary


SURETYSHIP, contracts.

1. An accessory agreement by which a person binds himself for another already bound, either in whole or in part, as for his debt, default or miscarriage.

2. The person undertaken for must be liable as well as the person giving the promise, for otherwise the promise would be a principal and not a collateral agreement, and the promissor would be liable in the first instanee; for example, a married woman would. Not be liable upon her contract, and the person who should become surety for her that she would perform it would be responsi-ble as a principal and not as a surety. Pitm. on P. & S. 13; Burge on Sur. 6; Poth. Ob. n. 306. If a Person undertakes as a surety when he knows the obligation, of the principal is void, he becomes a principal: 2 Id. Raym. 1066; 1 Burr. 373.

3. As the contract of suretyship must relate to the same subject as the principal obligation, it follows that it must not be of greater extent or more onerous' either in its amount, or in the time or manner, or place of performance, than such principal obligation; and if it so exceed, ii will be void, as to such excess. But the obligation of the surety may be less onerous, both in its amount, and in the time, place and manner of its performance, that of the principal debtor; it may be for a less amount, or the time may be more protracted. Burge, on Sur. 4, 5.

4. The contract of suretyship may be entered into by all persons who are sui juris, and capable of entering into other contracts. See Parties to contracts.
5. It must be made upon a sufficient consideration. See Consideration.

6. The contract of suretyship or guaranty, requires a present agreement between the contracting parties; and care must be taken to observe the distinction between an actual guaranty, and an offer to guaranty at a future time; when an offer is made, it must be accepted before it becomes binding. 1 M. & S. 557; 2 Stark. 371; Cr. M. & Ros. 692.

7. Where the statute of frauds, 29 Car. II., c. 3, is in force, or its principles have been adopted, the contract of suretyship "to answer for the debt, default or miscarriage of another person," must be in writing, &c.

8. The contract of suretyship is discharged and becomes extinct, 1st. Either by the terms of the contract itself. 2d. By the acts to which both the credi-tor and principal alone are parties. 3d. By the acts of the creditor and sure-ties. 4th. By fraud. 5th. By operation of law.

9. - 1. When by his contract the surety limits the period of time for which he is willing to be responsible, it is clear he cannot be beld liable for a longer period; as when he engages that an officer who is elected annually shall faithfully perform his duty during his continuance in office; his obligation does not extend for the performance of his duty by the same officer who may be elected for a second year. Burge on Sur. 63, 113; 1 McCord, 41; 2 Campb. 39; 3 Ad. & Ell. N. S. 276; 2 Saund. 411 a; 6 East, 512; 2 M. & S. 370; New R. (5 B. & P.) 180; 2 M. & S. 363; 9 Moore, 102.

10. - 2. The contract of suretyship becomes extinct or discharged by the acts of the principal and of the creditor without any act of the surety. This may be done, 1. By payment, by the principal. 2. By release of the principal. 3. By tender made by principal to the creditor. 4. By compromise. 5. By accord and satisfaction. 6. By novation. 7. By delegation. 8. By set-off. 9. By alteration of the contract.

11. - 1. When the principal makes payment, the sureties are immediately dis- charged, because the obligation no longer exists. But as payment is the act of two parties, the party tendering the debt and the party receiving it, the money or thing due must be accepted. 7 Pick 88; 4 Pick. 83; 8 Pick. 122. See Payment.

12. - 2. As the release of the principal discharges the obligation, the surety is also discharged by it.

13. - 3. A lawful tender made by the principal or his authorized agent, to the creditor or his authorized agent, will discharge the surety. See. 2 Blackf. 87; 1 Rawle, 408; 2 Fairf. 475; 13 Pet. 136.

14. - 4. When the creditor and principal make a compromise by which the principal is discharged, the surety is also discharged. 11 Ves. 420; 3 Bro. C. C. 1; Addis. on Contr. 443.

15. - 5. Accord and satisfaction between the principal and the creditor will discharge the surety, as by that the whole obligation becomes extinct. See Accord and satisfaction.

16. - 6. It is evident that a simple novation, or the making a new contract and annulling the old, must, by the destruction of the obligation, discharge the surety.


As you can see, legal tender does not pay for a damn thing, it simply discharges, period, and that is security or indemnification.


Black's Law 2nd Edition


***INDEMNIFY. To save harmless; to
secure against loss or damage; to give security
for the reimbursement of a person in
case of an anticipated loss falling upon him.
Also to make good; to compensate; to
make reimbursement to one of a loss already
incurred by him.

 

We should have a nuclear weapon backed currency.

There'd be only 2 world powers, again.

I mean, each one is worth so ungodly much that nobody could ever cash in one, even the world's wealthiest, when you factor the potential responsibility, danger, and possible loss of life/environmental impact into the price. One nuke would be "worth" more than all the potential material wealth in the world, or that will ever exist in the world...

 

So where are you and where is your evidence to the contrary?

 

Thank you Nixon for fucking millions of peoples lives...

 

where did u go Mustlivelife?

 

Is that the Gold standard with the floating availability of a controlled or uncontrolled Money Market? OR, is that the eliminated Gold Standard for the commodities market of determined or undetermined floating rates?

I think scarcity means by definition that no market truly allows the lack of comparing an open market value rate to the existing going rate for the local demand. I think Nixon wished that all commodities could get subjegated to common principles of scarcity: i.e. no substantial scarcity other than what the marketeer would invent. (a tautologous concept in economic quantity) Right?

What about the "scarcity of Oil and Gas" in the world?:devil: the scarcity of Energy? Is there an energy crisis?

 

Are commodities determinants the same kind of thing as the Kyoto protocol can re-communicate? Still around, but the times were a changing for some reason only at the Time of Nixon. Communication time is all about faking budgets these days. Nixon could agree. Kissinger would over-rule him.