Monday , 24 October 2016

Noonan on: What Is “Money”? What It Is Not!

While money makes the world go around, very, very few people understand what money is and what money is not, and that is purposeful on the part of the elites and every government. [This article explains why that is the case and why there is such confusion around such an understanding of the facts.]

The above edited excerpts, and the copy below, comes from an article* by Michael Noonan ( originally entitled Gold And Silver – Greece Needs Money? Money DOES NOT EXIST! and which can be read in its entirety HERE.

Very few people have the slightest clue what “money” is.  That is the central tragedy around the globe. Here is a legal definition from Black’s Law Dictionary, 4th Edition:  Money –

In the usual and ordinary acceptation it means gold and silver, or paper money
used as circulating medium of exchange, and and does not embrace notes, bonds, evidences of debt or other personal or real estate.  (
Emphasis added)

We have covered this before, but people prefer to believe in the lies fed to them instead of the truth, when actually the truth to them appears to be a lie.  The elites understand psychological programming and have used it quite effectively for the past few hundred years, for they have created the lies taken as “truth” by those unaware who are unaware of being unaware, i.e., most people.

Here it is again:  Federal Reserve Notes (FRNs), are not dollars!  The same applies to Euros, Pounds, Yen, et al.  FRNs are debt instruments issued by the private corporation called the Federal Reserve, which is not a part of the corporate U.S. federal government.  For anyone who believes otherwise, you are laboring (unaware) under a dysfunctional belief.  A belief held will always be defended.  People go to war over beliefs.  What people do not realize or refuse to accept is the beliefs are not necessarily reality, which is what makes a mistaken belief about reality so dysfunctional.

FRNs are debt instruments issued by the Federal Reserve.  Refer back to the definition of money from Black’s Law:  “…(money) does not embrace…evidences of debt”  Can that be any more clearly expressed?  A FRN is a debt instrument, and debt is the opposite of money.  While the definition included “paper money,” it pertained to paper money that was then backed by gold and silver, not fiat.

Credit cards are not money, although people use them to purchase things.  When you use a credit card, you are incurring debt.

Checks are not money.  They are a paper form instructing banks to move checkbook deposits, considered money, from one account to another, but all within the banking system of what is now mostly digitalized currency.

Money is not the currency.  Money is an intangible, an abstract term for a medium of exchange.

Everyone who carries FRNs thinks they are carrying money, but that is not true. (Reread the above few paragraphs for you will never learn this in any school.)

In the United States, a dollar is money…FRNs have the word “dollar” printed on each FRN, but that does not make a FRN a real dollar.  If you “believe” a FRN is a dollar, it is a dysfunctional belief based on the elite’s Federal Reserve deception…a function of cognitive dissonance.  The lie fed to everyone by the FED since its inception has become the wrongful belief that is taken for the truth, and when told it is not the truth as believed, it creates confusion in one’s mind, which is understandable, but still unacceptable.  Think of it as a bait-and-switch Ponzi scheme on the grandest of scales that few people can comprehend, at least until told otherwise, and even then, many refuse to believe or accept the real truth.

Let us repeat: A Federal Reserve Note is NOT a “Note,” even though the word appears on each FRN.  It cannot be a Note because it does not stipulate payment of anything, to anyone, at any time. It is a purposeful deception to get people to believe that which is not true.  Most people would call it a lie.

A FRN is NOT a dollar.

What is an actual dollar in the United States?  

A dollar is an expression to describe a quantity of silver or gold in coin form. By law, a dollar is still the current account of money of the United States today. “The money of account of the United States shall be expressed in dollars.”  Section 20 of the Coinage Act of 1792.  This law has never been reminded [rescinded?], but it is being totally ignored by the de facto corporate federal government which has been in bankruptcy since 1933 and under the full control of the elites, the moneychangers.

Concluding Remarks

No one has to agree with us on this, and we always urge people to do their own due diligence, and when you do, it is impossible to come to any other conclusion…[and] what one will ultimately conclude is the realization that there are no lawful dollars  circulating in the United States, today.  They were removed from circulation by the Federal  Reserve and destroyed during the 1920s and 1930s.

At one time, Federal Reserve Notes were specie-backed, just like real United States Notes that were backed by silver and gold. However, the specie backing was removed and all that circulates are fiat FRNs that still bear the word “dollar” on them, when by existing law, they are not dollars in any way shape or form. This is why we said in our heading, Money DOES NOT EXIST.