Re: Arbitration and Delinquency

Posted by computerguy (204.180.131.3) on February 05, 2004 at 15:19:23:

In Reply to: Re: Arbitration and Delinquency posted by Bill Payer on February 05, 2004 at 13:39:37:

Did you monetize my signature that was on the one sided contract? Yes you did! You received the money for my Account from my signature because I produced the credit. It's not from money your organization had on hand. That's my credit and your charging fees and interest based on my credit and not your organizations ability to extend credit. You guys don't provide credit you provide debt. People are getting smart and telling you to take your one sided rip and shove it. BTW Arbitration is soon to be in our favor! You and yours will be taking the hit! BTW- here's a little something for your organization and the foreign Fed.

Nevada vs. the Federal Reserve?

Posted April 4, 2003
By Kelly Patricia O Meara

Published: Tuesday, April 15, 2003

As Insight reports this week, there currently are 60 different forms of currency in circulation throughout the United States, and the reasons for issuing this alternative money are as numerous as the currencies themselves [see "Alternative Money Has Redeeming Value"].

While many have begun using new forms of currency to keep the money within their community, there are others, such as Bernard von NotHaus, founder of the National Organization for the Repeal of the Federal Reserve, who are intent on using it to publicize the populist claim that the Federal Reserve is illegitimate. Now it appears that even some states are beginning to question whether the Fed is constitutional.

A bill recently submitted to the Nevada Assembly Committee on Constitutional Amendments directs the issuance of Nevada silver coins. The act, now under consideration, states in part that:

· the purported delegation by the Congress of the power to issue money to the Federal Reserve Bank, a privately owned corporation, is a violation of the terms of the U.S. Constitution;

· the failure of the Congress to discharge its obligations to issue all the money pursuant to Section 8 of Article I of the Constitution absolves the state of Nevada from its constitutional obligation not to issue money;

· the state of Nevada shall issue into circulation coins of the state of Nevada in the amount of $50 million. The coins must contain 1 ounce of fine silver, must be alloyed to 90 percent fineness and must bear the Great Seal of the state of Nevada on one side and the words, "Contains One Troy Ounce Fine Silver," "Twenty Dollars," "Nevada Legal Tender" and the year of issue on the other side. The coins so issued are legal tender for all debts, public and private, in Nevada.

· if the Nevada Legislature determines that the U.S. Congress is fulfilling its constitutional obligation to issue money by requiring the Federal Reserve "to retire its circulating notes and causing the issuance of sufficient notes of the United States and other currency to meet the needs of the commerce of the United States and Nevada, the State Treasurer shall retire the coins authorized by this section as they are received into the State Treasury."

Nevada is the first of the 50 states to consider taking such steps against the Federal Reserve, and one has to wonder which, if any state, will be next. At a minimum, it's not good news for a Federal Reserve that has made printing money and manipulating the amount of money and credit in circulation into an art form, especially on its 90th anniversary.

Kelly Patricia O'Meara is an investigative reporter for Insight.
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http://www.insightmag.com/news/407743.html

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