There isn't any United States Dollar, except if you have one of those old ones before the Federal Reserve took over.
Just because the Federal Reserve has the word "federal" in its title, doesn't mean that it has anything to do with government.
The FED is volunteer usage. Nobody is required to use it. Some stores make their own currency, called 'grocery store coupons'.
The FED is squirming because crypto threatens its domination. Somebody will figure out a private crypto that will be easily used, privately, for buying and selling anything. The FED is done for, and they know it, and they are scared.
However, there might be turmoil with the changeover. Current Covid stuff is designed to take you eyes off the fact that the FED is dead. Covid is all fake. If you don't think sop, can you show any different WITHOUT HEARSAY from a doctor or other medical person? Let's see the real science that goes right diwn to actually isolation a virus.
You're right the USD is just a note of debt to be paid for another debt (ironically your bills). The question is when is the debt of the debt due? And is there a point to debt at all if there is an overarching entity or government rather than a direct person that you physically owe? The reason I call the USD "The Stamps" is because they're constantly devalued everyone wants more and some people get them for nothing from the government. The USD has lost its luster everyone that actually wants to make more of them the right way either invests in themselves ie. business, equipment, education, etc. they invest in stocks or gold and now crypto which is the new currency of the people. Their power to bribe and convince people otherwise is now in focus and now they just want that over all of us and that is power to control us without the Stamps because their time is up.
But explain this...
You go to the bank to borrow $50,000. The preliminaries are all take care of. You're credit is good. You are at the last step... the signing of the final paperwork.
You are sitting across the desk from the loan officer. He slides the promissory note paperwork across the desk for you to sign. Here is the fun part...
If you don't sign the note, will you get your loan? Almost certainly not! But if you sign the note paperwork, and slide the paperwork back across the desk to the loan officer, he'll go and get you your money.
Here is the funny part. The unsigned paperwork is worth what? Probably less than a penny. It won't get you your loan, unsigned. The whole loan process will fall apart if you don't sign. If you don't sign, and don't pay them their several hundred dollar fee for doing all the leg work and credit checks, they might even sue you.
But what is the signed paperwork worth? The loan officer shows you. He goes and gets you your $50,000 loan.
But is it a loan? After all, you gave value to the paperwork by placing your signature on it, and then you traded the bank, even up, the promissory note paperwork for $50,000 in cash or bank check. EVEN TRADE!
So, where is the loan? At worst, all you did by signing is to prepay your loan. It's paid off. You paid it off with your signature on the paperwork.
Then, a month or two later, you get a letter in the mail that says you owe your first payment amount. Included in the letter is the number that was on the promissory note for identification... you think. But really, it is a whole new loan that you agree to with your first payment. UCC says that if there is a transfer of money, the payment process is set in place.
And it was when you got the $50,000. If you signed the paperwork, and the bank didn't give you your loan money, you can actually sue them, because they kept your promissory note.
"But, but, but..." you say, "After you pay the principal and interest back over the term of the loan, they give you your promissory note back stamped 'PAID'." Of course they do. They want to play the game. After all, they received $150,000 over the term of the loan in principal and interest, from you,
FOR NOTHING !!! They're happy. Why not keep you happy? You might even apply for another loan, and give them
more money.All the bank and legal lending institution loans work like this. The banks are taking up ownership of the whole country, because people don't realize that they donate to the banks when they pay the loans back over the term. After all, they prepaid their loan with the promissory note they signed.
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