Page 173 - Fruits from a Poisonous Tree

Mel Stamper 157

accounts” to a minimum of three percent (3%) to a maximum of (14%)
percent. Institutions Deregulation And Monetary Control Act of 1980,
Section 103[b][E][2].

And you thought it was money

“In the United States neither paper currency nor deposits have value
as commodities. Intrinsically, a dollar bill is just a piece of paper. Deposits
are merely book entries. Coins do have some intrinsic value as metal, but
generally far less than their face amount...
“In the absence of legal reserve requirements, banks can build up deposits
by increasing loans and investments so long as they keep enough currency on
hand to redeem whatever amounts the holders of deposits want to convert
into currency. This unique attribute of the banking business was discovered
several centuries ago. At one time, bankers were merely middlemen. They
made profit by accepting gold and coins brought to them for safekeeping and
lending them to borrowers. But they soon found that the receipts they issued
to depositors were being used as money since whoever held them could go to
the banker and exchange them for metallic money.
“Then bankers discovered that they could make loans merely by giving
borrowers their promise to pay (bank notes). In this way, banks began to
create money. More notes could be issued than the gold and coin on hand
because only a portion of the notes outstanding would be presented for
payment at any one time. Enough metallic money had to be kept on hand, of
course, to redeem whatever volume of notes was presented for payment.
“Transaction deposits are the modern counter-part of bank notes. It
was a small step from printing notes to making book entries to the credit
of borrowers which the borrowers, in turn, could ‘spend’ by writing checks,
thereby, ‘printing their own money.’” – Modern Money Mechanics, A Workbook
on Deposits, Currency and Bank Reserves, 1982 Rev. Ed., Federal Reserve Bank
of Chicago, P.O. box 834, Chicago, Illinois 60609, pages 3 and 4.)

An Old Cold War rages against the American people

Eighty-six years is in no way “temporary.” It’s a permanent state of
“emergency” and was clearly instituted, formed, and engineered within
the Union for the sole purpose of creating a constitutional dictatorship, all
accomplished through gross usurpation and breach of legal duties and through