Entry Submitted by Vee at 3:03 PM EDT on May 20, 2021
"QUOTE Someone had to borrow at usury to bring that money [checkbook balances, bills and coins] into existence. The money goes out of existence as the usury and the debt principal are paid back to the bank. ...If the money is not replaced with new loans, a shortage occurs. Soon individuals and businesses experience serious cash flow problems. These result in more and more loan applications to banks—the only place where money is being created to replenish the supply” UNQUOTE.
The US government issues the bonds to create the FRN’s. Thus it is the first inline that is the debter. HJR 192 settled is matter that implied there will no longer be a “lawful” debt to pay per Art 1 sec 10 of the Constitution and Erie Railroad v. Thompson cleared the way for the tbat the Government if the District of Columbia -the Nation City State to get around that Clause.
This case makes is perfectly clear that that Banks(FRB) can’t make loans to the American people..they are operating out of there-it’s charters. Which is called…The Doctrine of Ultra Vires is a fundamental rule of Company Law. … Hence, if the company does an act, or enters into a contract beyond the powers of the directors and/or the company itself, then the said act/contract is void and not legally binding on the company. The term Ultra Vires means ‘Beyond Powers’.
Full text of “Jerome-Daly-The-Mahoney-Credit-River-Decision.pdf
“Daly v First National Bank of Montgomery”
American people have been dupted to believe that they are the debters. No the Federal Government are the ones..because They created and agreed to be debters to those terms of the 1912 Federal Reserve Act et al. They via HJR 192 left the American people without the “lawful” Constitutional means to pay any debt via Art 1 sec10. So the gov. is thus left holding the bag. No part of the “US” debt is on me.
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