Money Laundering Scam

just such a currency as we have long enjoyed, and the advantages of which we seem now, with unaccountable

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rashness, about to throw away.

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[A Redeemable Paper Currency, Speech by Daniel Webster, Feb. 22, 1834;

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SOURCE: http://famguardian.org/Subjects/MoneyBanking/Money/ARedeemablePaperCurrency-18340222-

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DanielWebster.pdf]

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2.2 What is “Money”?

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The legal definition of money found in Black’s Law Dictionary reads as follows: 7

Money. In usual and ordinary acceptation it means coins and paper currency used as circulating medium

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of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W.2d. 74, 79, 81. See also Currency; Current money; Flat money; Legal tender; Near

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money; Scrip; Wampum.

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A medium of exchange authorized or adopted by a domestic or foreign government as a part of its currency.

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U.C.C. 1-201(24).

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Public money. Revenue received from federal, state, and local governments from taxes, fees, fines, etc. See

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Revenue.

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[ Black’s Law Dictionary, Fifth Edition, 1979, ISBN 0-8299-2045-5, pp. 906-907]

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Money is defined in the United States Constitution as follows: 17

United States Constitution Article 1, Section 10, Clause 1

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No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin as Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, Law impairing the Obligation of Contracts , or grant any Title of Nobility.”

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The power of Congress to coin money is found in Article 1, Section 8, Clause 5 of the U.S. Constitution: 23

U.S. Constitution

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Article 1, Section 8, Clause 5

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The Congress shall have Power To. . .

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To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures

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The first definition of money appeared in the United States of America Money Act, April 2, 1792, 1 Stat. 246. 28

The current authority for the U.S. mint to produce coins is found in 31 U.S.C. §5112. 29

The most complete and authoritative study of constitutional money ever published is found in the following document: 30

Pieces of Eight , Second Revision, Edwin Viera; ISBN-10-0967175917, 2002 http://www.edwinvieira.com/

2.3 Money as debt

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The Constitution authorizes Congress to borrow money:

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United States Constitution Article 1, Section 8, Clause 2

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The Congress shall have Power. . .

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To borrow Money on the credit of the United States;

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The Money Laundering Enforcement Scam

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Copyright Sovereignty Education and Defense Ministry, http://sedm.org Form 05.044, Rev. 10-2-2013

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