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  • In 1966: WILL PAY TO THE BEARER ON DEMAND was removed from the obverse and IN GOD WE TRUST was added to the reverse of the $50 Federal Reserve Note beginning with Series 1963A.
    "WILL PAY TO THE BEARER ON DEMAND $50" OK that sounds good.
    But $50 of what? $50 is just a unit of measure. What are we measuring?

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    • So You Thought The Mob Was Run By Italians


      Al

      Comment


      • Originally posted by Mad Scientist View Post
        "WILL PAY TO THE BEARER ON DEMAND $50" OK that sounds good.
        But $50 of what? $50 is just a unit of measure. What are we measuring?
        Look at the wording at the right side of the note, by the red seal. That 50 dollar note was "redeemable in lawful money of the United States," and was redeemable at either the Treasury or the FRB which issued the note. Lawful money would not simply be another FRN. Instead, it would be gold or silver US coinage, or at least a United States note such as a silver certificate which was backed by lawful money and payable in silver on demand.


        You will notice that none of the FRN's found in your wallet, or doled out by banks today, have that redemption clause printed on them, and thus do not offer even a promise of payment to the bearer, which causes them to be worthless paper.
        Last edited by rickoff; 08-09-2013, 04:33 PM.
        "Seek wisdom by keeping an open mind to alternative realities, questioning authority, and searching for truth. Only then, when you see or hear something that has 'the ring of truth' to it, will it be as if a veil has been lifted, and suddenly you will begin to hear and see far more clearly than ever before." - Rickoff

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        • Originally posted by rickoff View Post
          You will notice that none of the FRN's found in your wallet, or doled out by banks today, have that redemption clause printed on them, and thus do not offer even a promise of payment to the bearer, which causes them to be worthless paper.
          Almost as if they expect the whole thing to go up in smoke.

          Having it backed by a precious metal is like an insurance policy, problem is, these worthless pieces paper are too risky to insure, and they know it lol.

          As much as they've printed I dont know how it would even be possible to back it by a precious metal now.

          Comment


          • Originally posted by rickoff View Post
            You will notice that none of the FRN's found in your wallet, or doled out by banks today, have that redemption clause printed on them, and thus do not offer even a promise of payment to the bearer, which causes them to be worthless paper.
            Originally posted by aljhoa View Post

            12 USC §411
            Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues.
            They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.
            Currency
            Federal Reserve notes comprise more than 99 percent of all U.S. currency in circulation; the remainder includes United States notes, national bank notes, and silver certificates, all of which remain legal tender.

            FRB: Currency and Coin Services


            Al

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            • Originally posted by jdodson View Post
              Almost as if they expect the whole thing to go up in smoke.

              Not only do they expect it to go up in smoke but rather that has been the plan all along.
              The system was designed in such away that eventually it will be impossible for anyone, individual or government, to pay off their debit. At that point the bankers will foreclose and take all the real tangible property. This simply is a very long term game plan to take control of the worlds governments.

              The way it works is first they prevent people from using gold or other items of value as currency and force everyone to use their worthless fiat money. However there is never enough of their money in actual circulation to be able to pay off all their loans plus the interest they are charging. Thus by slowing down or turning off the printing presses they can cause recessions, depressions or even the complete collapse of an economy. They then gobble up the real tangible wealth of a county through foreclosures. The average person is then told that all this is simply an unfortunate turn of events that could not be predicted.

              Comment


              • Originally posted by Mad Scientist View Post
                Not only do they expect it to go up in smoke but rather that has been the plan all along.
                The system was designed in such away that eventually it will be impossible for anyone, individual or government, to pay off their debit. At that point the bankers will foreclose and take all the real tangible property. This simply is a very long term game plan to take control of the worlds governments.

                The way it works is first they prevent people from using gold or other items of value as currency and force everyone to use their worthless fiat money. However there is never enough of their money in actual circulation to be able to pay off all their loans plus the interest they are charging. Thus by slowing down or turning off the printing presses they can cause recessions, depressions or even the complete collapse of an economy. They then gobble up the real tangible wealth of a county through foreclosures. The average person is then told that all this is simply an unfortunate turn of events that could not be predicted.


                Then in return the people will start hanging these bankers and government types by the closest trees and will say to them We're also sorry that this is an unfortunate turn of events that could not be predicted"

                I know their time will come and there will be A LOT of dead bankers and government types as the people revolt in anger, and rightfully so IMHO
                Obamisim ; “descriptive term” ; = Something so blindingly full of hope and optimism to heal or fix any situation yet only resulting in a most catastrophic cluster f*ck of failure.

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                • A little humor for you......

                  Here's a link to a hilarious 4.22 minutes music video. This was done up by the Gregory Bothers, who are noted for their videos which employ the so-called Auto-Tune technique to change ordinary speech into something that sounds more like singing. In this particular video you see Joe Biden singing about shotguns while Rand Paul sings about killing Americans with drones, and then John McCain does his bit with a denial tune. Also featured are Fox News pundits Megyn Kelly and Bill O'Reilly.
                  "Seek wisdom by keeping an open mind to alternative realities, questioning authority, and searching for truth. Only then, when you see or hear something that has 'the ring of truth' to it, will it be as if a veil has been lifted, and suddenly you will begin to hear and see far more clearly than ever before." - Rickoff

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                  • Hillarious

                    Hillary Clinton's First 2016 Campaign Ad? (Nov. 30, 2012 - CSPAN) - YouTube


                    Al

                    Comment


                    • Never enough rope!

                      Remember in Forest gump, when Jenny is throwing rocks at the house, and Gump says "Sometimes, there's just not enough rocks??? Well, someday we'll be saying there isn't enough rope!

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                      • Some bumper stickers for you....






















                        "Seek wisdom by keeping an open mind to alternative realities, questioning authority, and searching for truth. Only then, when you see or hear something that has 'the ring of truth' to it, will it be as if a veil has been lifted, and suddenly you will begin to hear and see far more clearly than ever before." - Rickoff

                        Comment


                        • I'm sure that most of you readers have already heard the story about the Missouri rodeo clown who wore an Obama mask and had a broom trailing behind him which appeared as though it was shoved up his backside. Pretty funny, really, and where's the harm in doing this prank? The only harm in this would come to the clown if he wasn't able to get out of the way of a raging bull quickly enough, and if the bull actually believed the clown to be Obama then the bull had every right to be enraged.


                          In hearing the Mainstream Media news coverage of this, you'd think the clown did a terrible and inexcusable thing, and the fallout from the uproar has now resulted in the rodeo clown getting banned from Missouri rodeos for life! How insane is that? Just for making a bit of fun of Barry. Can't have that, of course. Heck, for as long as I can remember the newspapers have posted political cartoons poking fun at every President I can remember. Movies have been made of thieves wearing Ronald Reagan masks, and In 1994, a Philadelphia Inquirer story noted that a rodeo clown used a George H.W. Bush dummy to distract raging bulls, yet nobody called for a Secret Service investigation. Why is the practice suddenly taboo? Are they afraid it would be seen as racist? That's ridiculous, of course, although I think we all know that anyone who questions Barry's motives or pokes fun at him is setting themselves up for instant vilification by both the press and Barry's supporters.

                          In actuality, the crowd at the rodeo loved the clown's act and laughed and applauded when he stepped into the rodeo ring in his attire. Playing along with the gag, the rodeo announcer asked if anyone would like to see "Obama run down by a bull." The crowd went wild with enthusiasm.

                          One person, Perry Beam, attending the rodeo did see this as disrespectful, and said, “They mentioned the president’s name, I don’t know, 100 times. It was sickening. It was feeling like some kind of Klan rally you’d see on TV." Obviously Perry is an Obama fan and couldn't stand seeing his idol brought down to size, but it's hardly the sort of thing that should get someone banned from their job for life. Barry is the one who should be banned - from the White House.
                          "Seek wisdom by keeping an open mind to alternative realities, questioning authority, and searching for truth. Only then, when you see or hear something that has 'the ring of truth' to it, will it be as if a veil has been lifted, and suddenly you will begin to hear and see far more clearly than ever before." - Rickoff

                          Comment


                          • Originally posted by rickoff View Post
                            Ia Philadelphia Inquirer story[/URL] noted that a rodeo clown used a George H.W. Bush dummy to distract raging bulls, yet nobody called for a Secret Service investigation.
                            Obviously if Obama was a republican this would be a non-issue.
                            But the hypocrisy of this followers is beyond belief, of course then again does this really surprise anyone?

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                            • Im personally sick of everything negative about Obama being labeled "racist"
                              Somebody thought that fair was a KLAN rally?
                              How pathetic, its a fair, comedy and entertainment is its purpose.
                              Obama is a celebrity, everyone knows who he is, and making jokes about him will resonate with any crowd because he has so much fame.
                              Tell a joke about Obama and half the country will laugh...Which is exactly why every comedian has used Obama as a punch line.

                              IT HAS NOTHING TO DO WITH SKIN COLOR.

                              2016 cant get here soon enough. Maybe next time we will get a leader...not a divider.

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