The Federal Reserve Bank Offer

As it was presented in 1913

The Federal Reserve Bank of 1913 was not willing to loan Corp. U.S. money, they had
plenty of it (gold and Silver coin minted by the United States of America Mint) they
simply were not willing to loan it to Corp. U.S. based on the fact that in 1912 Corp. U.S.
failed to pay back its debts owed to the Federal Reserve Bank’s founders. Instead they
offered that if Corp. U.S. wanted to learn about the Federal Reserve Bank’s offer they
would have to come down to Jekyll Island, off the cost of Georgia, to find out about it.

The Jekyll Island deal was this: the Federal Reserve Bank would not loan money to Corp.
U.S. but they would loan what they called the ‘Federal Reserve Note’ (hereinafter
“FRN”). Corp. U.S. could borrow FRNs at a specific rate related to the arbitrary value
printed on the face of the so called notes. The deal included that the rental rate would
only accrue so long as the note was in circulation and it would then be due and payable; it
also included the guarantee that if Corp. U.S. could get the people to accept these notes in
circulation as if they were money, the Federal Reserve Bank would guarantee their
exchange by redeeming the notes from the people at their face value in United States of
America gold or silver coin money. So long as the notes remained in circulation the rent
would accrue and until the rent was paid it would compound with interest at the same rate
as the loan accrued.

Corp. U.S. accepted the offer.

To understand the deal lets take a closer look: it works a lot like a car loan (rental) where
the car is borrowed at the specific rate agreed upon. You pay the rate of the rental
agreement and you get to keep the car for the term of the agreement. In the case of the
Federal Reserve Bank’s loan of their FRNs, Corp. U.S. could borrow the notes, which
had a specific face value printed on them, and the loan rate was set respective of that
value at the time of the agreement. Let’s say the loan rate was set at 3%. That means
that as long as Corp. U.S. keeps those specific FRNs, they have to pay 3% of the notes’
face value per year. Thus if they were to borrow $100,000.00 total face value in FRNs
for a day, they would have to pay $8.22 cents in rental costs for the use of those FRNs for
that day. If they were to hold such notes for a year, they would have to pay, $3,000.00 in
rental costs for the use of the notes. Corp. U.S. could return the FRNs at any time and
would only have to pay the agreed upon rental fee for the time the notes were held or
were in circulation. The deal also included the provision that if the people were to turn
the notes in to the Federal Reserve Bank it would redeem the notes for their face value
from the people.

In 1913, that was all there was to it. The notes were borrowed much like a car is rented
(borrowed). As you can see this appears to be a very good deal for Corp. U.S.

The Federal Reserve Bank Offer

As it was compelled in 1933

In 1933 Corp. U.S. was bankrupt. It had amassed so much debt that it could not possibly
pay its debts, which largely consisted of unpaid compounding debts to the Federal
Reserve Bank (hereinafter “FRB”). As a result of the bankruptcy Congress set an
emergency “banking holiday” where the local banks throughout the country were closed
and all of the Federal Reserve Notes (hereinafter “FRN”) were removed from the banks
and returned to the FRB thus ending the loan of those FRN. During the “holiday” the
banks were also restocked with new notes from the FRB. These new notes included a
“New Deal”.

The new FRB deal included a new note. These notes were also called “Federal Reserve
Notes”, but where the FRN the people were familiar with stated words to the effect of ,
“redeemable at any Federal Reserve Bank”, the new notes stated, “this note is legal
tender for all debts public and private”. The new FRN were acquired by Corp. U.S. and
circulated in virtually the same manner as the old FRN but the new FRN was not
redeemable except in “like kind”. Therefore if the people were to take the new FRN to
the FRB they would receive a “like kind” exchange of notes, new for old.

Though the original FRB deal was better for the people, the new deal fit with the law of
notes which only requires a like kind exchange. To the people, their exchange of the
notes was always treated by them like a monetary exchange and they originally saw the
FRN just like money because it was directly exchangeable for money. The new notes
they perceive as far less valuable and prone to inflation. The reality is new or old the
notes were acquired in the same fashion, they were arbitrarily printed on paper and
borrowed into circulation, much like cars are borrowed in car rental agreements. The
FRB simply no longer backs the FRN with gold and silver coin money, due to Corp.
U.S.’ bankrupt status, as a bankrupted entity it can no longer compel performance on its
debts.

To start the FRB program the FRB needed to back its notes with actual money, after it
Corp. U.S. bankruptcy they didn't need to back their FRN at all.

The Social Security Act of 1935

What was its purpose?

Interestingly, the Social Security Act of 1935 [H. R. 7260] was passed by Corp. U.S.’
Congress two years after Corp. U.S.’ bankruptcy. The opening paragraph of the act
states:

“An act to provide for the general welfare by establishing a system of Federal old-age
benefits, and by enabling the several States to make more adequate provision for aged
persons, blind persons, dependent and crippled children, maternal and child welfare,
public health, and the administration of their unemployment compensation laws; to
establish a Social Security Board; to raise revenue; and for other purposes.”
We added the bold emphasis to point out overall purposes of the act that remained
undefined showing only that the act was made “to raise revenue; and for other purposes.”
Once the Act was passed Social Security Administration was formed and Corp. U.S.
printed millions of Social Security cards. Now, we are reminded: Corp. U.S. was
bankrupt at the time, it had no money and it could compel nothing until it resolved its
debt. We are also reminded that this is a country of sovereign people the government is
supposed to serve, not control (an elemental reason for Corp. U.S.' creation was to
provide contractual controllability). Lastly, we are reminded that several points of the
Constitution forbid the government, or its officers, from raising themselves above the
people. So how is that Corp. U.S. plans on putting this Act into action?

The only way it lawfully can — by the peoples’ voluntary participation. To this day
there is no requirement for anyone to participate with the Social Security Administration
in any way, that is, until you apply and the card accepted.

The Social Security Act of 1935

What is its effect?

On application on an SS-5 form, the Social Security Administration creates a name and
number and registers them in a database along with relevant information regarding the
respective application. They then print said name and number on a pre-printed Social
Security card and send a package including the card to its recipient. The recipient
receives the package. The contents of the package (sometimes the card itself) plainly
reserves that the card does not belong to the recipient; rather it is the property of Corp.
U.S. The package also plainly instructs the recipient to activate the card with a signature
if the recipient is willing to accept the responsibilities that go along with the card, which
include the card is to be held in a safe place until such time as its actual owner wants it
back. Corp. U.S. also reserves the right to request the return of the card at any time and
that is about it.

Looking over this relationship, one will discover all of the elements of a Revocable
Trust (see Contracts, Trusts and the Corporation Sole) are clearly part of this
relationship. Therefore, the Social Security Administration created relationship inherent
with the acceptance of the card is that of a Trust that remains an agency of Corp. U.S.
under Corp. U.S.’ direct control through Congressional acts.

Therefore, all of the property ever acquired by such trusts remains the property of the
trust’s beneficiary. In other words as a matter of law:

Corp. U.S. holds equitable title to all property acquired with a Social Security number.

The Federal Reserve Note

How is it used?

Like most things dealing with Law or History, to understand them one must study both
the law and the history that precedes them. The Federal Reserve Note (hereinafter
“FRN”) is no exception. On its face it appears to simply be a note, made in compliance
with the law of notes. As such, because it is a bearer note with no facially published due
date, it is due and payable on demand. But, whereas its specific conditions of existence
are not otherwise described on the note, it can only compel redemption in like kind. That
is to say, if you present it to its maker you can only count on getting back another note of
the same nature. Whereas the note was generated for Corp. U.S. who remains under the
control of its 1933 bankruptcy the note has no substance backing it. In other words, it
was arbitrarily created by decree out of thin air for Corp. U.S.’ use. On first hearing that
and doing any real investigation to confirm these facts most people are appalled;
however, let’s take a look at the actual relationships wherein the FRN is used starting
with the employer employee relationship, because that is the source where most people
come into contact with the FRN or with some instrument representing the same:

Following the Standard for Review let’s review the parties:

1. The employee is a person identified by its name and Social Security number
(hereinafter “SSN”), therefore it is simply an agency trust of Corp. U.S.
2. The employer is ultimately just another agency for Corp. U.S. To show this we
remind you the employer is a person (company, corporation, individual) that has
an Employer Identification Number (hereinafter “EIN”). Originally the EIN was
issued by the Social Security Administration in accord with the Social Security
Act of 1935, today they are issued on application by IRS; all such numbers are
ultimately related to, and operated under an SSN or another EIN, thus all such
parties with such numbers (Taxpayer Identification Numbers (hereinafter “TIN”))
are merely agencies of Corp. U.S.

In accord with the terms of the employment agreement between such employers and their
employees, the employee provides the contracted goods and or services and the employer
remunerates the funds required by the agreement. Now considering that the relationship
is in reality made between two separate agencies of the same organization (Corp. U.S.) is
there any need for money in the transaction? The answer is no. The transaction could
easily be completed by a debit entry from the one agency (employer), which is balanced
out by a credit to the other agency (employee). No money is needed. However, where
there are hundreds of millions of such agencies, tracking them in 1935 would have been
impossible without some device that could be totally controlled by the specific agencies
involved in the transactions themselves.

Enter the FRN. Though it appears to be a debt instrument, in reality it is simply an

official transaction instrument used to formally exchange debits and credits between
Corp. U.S. agencies. It therefore requires no backing and can be generated in accord with
the needs for its flow in circulation.

The final step: once the employee has been remunerated with such “funds” they can go to
a merchant and exchange the funds for hard assets, like: food, shelter, clothing and
transportation. In virtually every case today such exchanges are made with other Corp.
U.S. agencies, which is exemplified by their own respective TIN. Thus, again, no money
is needed and the FRN or any other instrument representing the same will suffice.