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PERMFILE105571
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PERMFILE105571
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Last modified
8/24/2016 9:58:30 PM
Creation date
11/24/2007 12:33:14 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M2004067
IBM Index Class Name
Permit File
Doc Date
11/21/2005
Doc Name
Exhibits 51-61
From
City of Black Hawk
To
DMG
Media Type
D
Archive
No
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1.5 Here, no lawful authority or legislative grant, no U.S. Constitutional <br />provision, is cited as the authority for persons such as a bank to create U.S. dollars, <br />currency, coins, legal tender, money, or other reasonable facsimile. Here, it is disclosed <br />that this blood from a turnip artifice is a scheme conceived and implemented by <br />"bankers." Not banks, but bankers; individuals are bankers, ba~ilcs are not. We have here <br />a cash creation scheme born of the conniving of individuals who seek only personal gain, <br />but who lack the lawful authority to commit such an act against the economy of the <br />nation that allows them to do business with Americans; Modem Monev Mechanics <br />continues: <br />Page 7, Example 3, Expansion- <br />,Stage 1: "Expansion takes place only if the banks that hold these excess <br />reserves increase their loans or investments. Loans are made by crediting the <br />borrower's deposit account, i.e., by creating additional deposit money." <br />"Stage 7: Expansion continues as the banks that have excess reserves <br />uicrease their loans by that amount, crediting borrowers' deposit accounts in the <br />process, thus creating still more money." <br />1.6 Again, expansion (of the supply of U.S. dollars) takes place only when the <br />batilcers use their banks to create "additional deposit money" and "still more money." <br />Individual business owners, scheming to use their businesses to create American dollars, <br />and involving Americans in their activities, in their scheme of "creating still more <br />money"; this is not a conclusion drawn from isolated commentary. Another publication <br />from the Federal Reserve Corporation states in pertinent part: <br />Points of Interest: Page 6-7, Paragraphs 7-]0: <br />"Banks and Deposit Creation.- Depository institutions, which for <br />simplicity we will call banks, are different from other financial institutions <br />because they offer checking accounts and make loans by lending checkbook <br />deposits. The deposit creation activity, essentially creating money, affects interest <br />rates because these deposits are part of savings, the source of the supply of credit. <br />Banks create deposits by making loans. Rather than handing cash to borrowers, <br />banks simply increase balances in borrowers' checking accounts. Borrowers can <br />then draw checks to pay for goods and services. This creation of checking <br />accounts through loans is just as much a deposit as one we might make by <br />pushing aten-dollar bill through the teller's window. With all of [he nation's <br />banks able to increase the supply of credit in this Fashion, credit could <br />conceivably expand without limit. ...When banks create checkbook deposits, <br />4 <br />
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