RE: [tips_and_tricks] The courts have heard it all...
- one [mailto:jm367@...] wrote:
> When the money of account was prescribed, the accounts mentioned wereAnd the money of account was the money of account of the United States
> Treasury accounts.
> Then came the Bank of the United States.But the former could never properly be called the "money of account of
> Money of account in a bank account is not the same as money of account
> in a Treasury account. The latter was prescribed to be dollars and
> dollar to mean an amount of fine silver. The former could include
> whatever was acceptable to the bank for credit on account or for
> deposit to account.
the United States", while the bankers used the term just to describe the
credits in their credit accounts. I think I see what you mean now, and
I think you also see what I mean. The only "money of account" that can
attach to me is the money of account of the United States. Money of a
banker's account can be whatever they wish to call it, because it has
nothing whatsoever to do with me.
> You can deduce this from Hamilton's explanation of theThe original departure from reality to the world of imagination...very
> advantages of the Bank to the Government and the story about where the
> bank's capital came from ... mostly from deposit of stock in the bank
> the bank by the originators of the corporation. What a deal, huh ?
> The depositor to a bank account is but a mere unsecured creditor inI think I knew that.
> equity. On the other hand, nobody is a creditor against the amounts
> deposited to a Treasury account. They are supposed to accounts in law
> not in equity.
> The confusion has arisen from the fact that the one phrase, "money ofBut the first is the one that counts, that is referred to in the
> account", has been used to describe two entirely different legal
monetary laws establishing the fixed weights and standards.
> This confusion was encouraged by the bankers in fraudWe agree. I maintain that life on Planet Earth without bankers is a
> and was perfected when National Banks were established as
> instrumentalities of Government. This was the major step in moving
> public money of account from law and Treasury to equity and banks.
> There is a lie contained in using the one phrase, "money of account",
> equivalent in the two very distinct legal circumstances.
distinct possibility. I prove it.