Australian currency is not gold backed
The following
contains some information about that which the purported government and international
bankers do not want you to know.
The consequences of Australian currency not being backed by gold is not well
understood by many people.
The following is only a brief and hopefully simple introduction to this subject:
Did you know that the purported Commonwealth of
Australia became bankrupt in the early 1930's, and the promise of the Treasurer
to redeem notes in gold was repealed in May 1932.
Australian dollars are in fact no more than a ' 'promise to pay' debt
to the international bankers'.
Australian dollars have no 'real value' nor substance because they are not
backed by gold or any other precious metal, and they are a 'liability instrument'.
A debt can not be extinguished at law by using Australian dollar notes,
it can only be discharged.
Also, Australian currency/money is fiat currency/money.
Fiat
money = 1. money that a government has declared to be legal tender, despite
the fact that it has no intrinsic value, and is not backed by reserves; 2.
A type of currency whose only value is that the government made a fiat (ie.
decreed) that the money is a legal method of exchange.
Australia is in a very similar situation to that as
in the U.S.A.
Please read the following speech. It will give
you some insight into what it means to not have a currency
backed by gold or a precious metal.
Please
note that this original speech (below) was altered in the official US records
to conceal the truth.

JOINT RESOLUTION TO SUSPEND THE GOLD STANDARD AND ABROGATE THE
GOLD CLAUSE
JUNE 5, 1933 H.J.192 73rd Cong. 1st Sess.
Joint resolution to assure uniform value to the coins and currencies of
the United States.
Whereas the holding of or dealing in gold affect the public interest, and
therefore subject to proper regulation and restriction; and
Whereas the existing emergency has disclosed that provisions of obligations
which purport to give the obligee a right to require payment in gold or a
particular kind of coin or currency of the United States, or in an amount
of money of the United States measured thereby, obstruct the power of the
Congress to regulate the value of money of the United States, and are inconsistent
with the declared policy of the Congress to maintain at all times the equal
power of every dollar, coined or issued by the United States, in the markets
and in payment of debts.
Now, therefore, be it Resolved by the Senate and House of Representatives
of the United States of America in Congress assembled.
That (a) every provision contained in or made with respect to any obligation
which purports to give the obligee a right to require payment in gold or a
particular kind of coin or currency, or in an amount of money of the United
States measured thereby, is declared to be against public policy; and no such
provision contained in or made with respect to any obligation hereafter incurred.
Every obligation, heretofore or hereafter incurred, whether or not any such
provisions is contained therein or made with respect thereto, shall be discharged
upon payment, dollar for dollar, in any such coin or currency which at
the time is legal tender for public and private debts. Any such provision
contained in any law authorizing obligations to be issued by or under authority
of the United States, is hereby repealed, but the repeal of any such provision
shall not invalidate any other provision or authority contained in such law.
(b) As used in the resolution, the term "obligation" means an obligation
(including every obligation of and to the United States, excepting currency)
payable in money of the United States; and the term "coin or currency"
means coin or currency of the United States, including Federal Reserve notes
and circulating notes of Federal Reserve banks and national banking associations.
SEC. 2. The last sentence of paragraph (1) of subsection (b) of section 43
of the Act entitled "An Act to relieve the existing national economic
emergency by increasing agricultural purchasing power, to raise revenue for
extraordinary expenses incurred by reason of such emergency, to provide emergency
relief with respect to agricultural indebtedness, to provide for the orderly
liquidation of joint-stock land banks, and for other purposes", approved
May 12, 1933, is amended to read as follows:
"All coins and currencies of the United States (including Federal reserve
notes and circulating notes of Federal Reserve banks and national banking
associations)hereunto and hereafter coined or issued, shall be legal tender
for all debts, for public and private, public charges, taxes, duties, and
dues, except gold coins, when below the standard weight and limit of tolerance
provided by law for the single piece, shall be legal tender only at valuation
in proportion to their actual weight." Approved June 5,1933, 4:30 p.m.
The House Joint Resolution 192 (shown above) states:
"Every
obligation, heretofore or hereafter incurred, whether or not any such provisions
is contained therein or made with respect thereto, shall be discharged upon
payment, .... "
Note that the words do not talk about 'payment'of debt,
but clearly states that 'Every obligation, . . .
. . . shall be discharged.'
In the U.S. case of Stanek v. White, 172 Minn. 390, 215 H.W. 784, the court
explained the legal distinction between the words "payment" and
"discharge":
"There is a distinction
between a `debt discharged' and a `debt paid.' When discharged the
debt still exists though divested of its character as a legal obligation
during the operation of the discharge. Something of the original vitality
of the debt continues to exist, which may be transferred, even though the
transferee takes it subject to its disability incident to the discharge. The
fact that it carries something which may be a consideration for a new promise
to pay, so as to make an otherwise worthless promise a legal obligation, makes
it the subject of transfer by assignment."
As a result of HJR 192, no one in the U.S. from 5th June 1933 has been able
to pay a debt. They can only tender in transfer of debts, the debt being perpetual.
The suspension of the gold standard, and prohibition against paying debts,
removed the substance for the Common Law to operate on, and created a void,
as far as the law is concerned.
This substance was replaced with a "Public National Credit" system
where debt is money (The Federal Reserve calls it "monetized debt")
over which the only jurisdiction is Admiralty and Maritime, and so
... every man, woman and child who deals in the public national credit in
the legal position of a merchant, is under Admiralty and Maritime jurisdiction.
There is a way out of this 'black hole', however this will not be discussed
here.
Prior to 5th June 1933, President Franklin Roosevelt, on 5th April 1933, under
Executive Order, declared:
"All persons are
required to deliver ON OR BEFORE MAY 1, 1933 all GOLD COIN, GOLD BULLION,
AND GOLD CERTIFICATES now owned by them to a Federal Reserve Bank, branch
or agency, or to any member bank of the Federal Reserve System."
Section 9 of the order read:
Whosoever willfully
violates any provisions of this Executive Order or of these regulations or
of any rule, regulation or license issued thereunder may be fined not more
than $10,000, or if a natural person, may be imprisoned for not more than
10 years, or both; and any officer, director or agency of any corporation
who knowingly participates in any such violation may be punished by a like
fine, imprisonment, or both."
Roosevelt was not expressly authorised to issue this Executive Order demanding
that private men, women and children must deliver their gold
coin etc to a Federal Reserve Bank, branch or agency
etc.
This Order by Roosevelt was an act of treason on the American men, women and
children..
The United States government, in order to provide necessary goods and services,
created a commercial bond (promissory note), by pledging the property, labor,
life and body of its citizens, as payment for the debt (bankruptcy to the
international bankers). This commercial bond made chattel (property) out of
every man, woman and child in the United States. Every man, woman and child
are nothing more than and collateral and human resources for the debt.
This commercial bond is created through the registration of the birth certificates
of every man, woman and child. It is the same for Australia. Again, there
is a way out of this 'black hole', however this will not be discussed here.
U S Congressional Record, March 17,
1993 Vol. 33, page H-1303
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the
House:
"Mr. Speaker, we are here now in chapter 11.
Members of Congress are official trustees presiding over the greatest reorganization
of any Bankrupt entity in world history, the U.S. Government.
We are setting forth hopefully, a blueprint for our future. There are some
who say it is a coroner's report that will lead to our demise.
It is an established fact that the United States Federal Government has been
dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public
Law 89-719; declared by President Roosevelt, being bankrupt and insolvent.
H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To
Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign
Authority of the United States and the official capacities of all United States
Governmental Offices, Officers, and Departments and is further evidence that
the United States Federal Government exists today in name only.
The receivers of the United States Bankruptcy are the International Bankers,
via the United Nations, the World Bank and the International Monetary Fund.
All United States Offices, Officials, and Departments are now operating within
a de facto status in name only under Emergency War Powers.
With the Constitutional Republican form of Government now dissolved, the receivers
of the Bankruptcy have adopted a new form of government for the United States.
This new form of government is known as a Democracy, being an established
Socialist/Communist order under a new governor for America. This act was instituted
and established by transferring and/or placing the Office of the Secretary
of Treasury to that of the Governor of the International Monetary Fund.
Public Law 94-564, page 8, Section H.R. 13955 reads in part:
"The U.S. Secretary
of Treasury receives no compensation for representing the United States."
Gold and silver were such a powerful money during the founding of the united
states of America, that the founding fathers declared that only gold or silver
coins can be "money" in America. Since gold and silver coinage were
heavy and inconvenient for a lot of transactions, they were stored in banks
and a claim check was issued as a money substitute. People traded their coupons
as money, or "currency."
Currency is not money, but a money substitute. Redeemable currency must
promise to pay a dollar equivalent in gold or silver money.
Federal Reserve Notes (FRNs) make no such promises, and are not "money."
A Federal Reserve Note is a debt obligation of the federal United States
government, not "money?'
The federal United States government and the U.S. Congress were not and have
never been authorized by the Constitution for the united states of America
to issue currency of any kind, but only lawful money, -gold and silver coin.
It is essential that we comprehend the distinction between real money and
paper money substitute.
One cannot get rich by accumulating money substitutes, one can only get deeper
into debt.
We the People no longer have any "money." Most Americans have not
been paid any "money" for a very long time, perhaps not in their
entire life. Now do you comprehend why you feel broke?
Now, do you understand why you are "bankrupt," along with the rest
of the country?
Federal Reserve Notes (FRNs) are unsigned checks written on a closed account.
FRNs are an inflatable paper system designed to create debt through inflation
(devaluation of currency) when ever there is an increase of the supply of
a money substitute in the economy without a corresponding increase in the
gold and silver backing, inflation occurs.
Inflation is an invisible form of taxation that irresponsible governments
inflict on their citizens.
The Federal Reserve Bank who controls the supply and movement of FRNs has
everybody fooled.
They have access to an unlimited supply of FRNs, paying only for the printing
costs of what they need.
FRNs are nothing more than promissory notes for U.S. Treasury securities
(T-Bills) - a promise to pay the debt to the Federal Reserve Bank.
There is a fundamental difference between "paying" and "discharging"
a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver,
barter or a commodity). With FRNs, you can only discharge a debt.
You cannot pay a debt with a debt currency system. You cannot service a debt
with a currency that has no backing in value or substance. No contract
in Common law is valid unless it involves an exchange of "good &
valuable consideration." Unpayable debt transfers power and control
to the sovereign power structure that has no interest in money, law, equity
or justice because they have so much wealth already.
Their lust is for power and control. Since the inception of central banking,
they have controlled the fates of nations.
The Federal Reserve System is based on the Canon law and the principles of
sovereignty protected in the Constitution and the Bill of Rights. In fact,
the international bankers used a "Canon Law Trust" as their model,
adding stock and naming it a "Joint Stock Trust."
The U.S. Congress had passed a law making it illegal for any legal "person"
to duplicate a "Joint Stock Trust" in 1873. The Federal Reserve
Act was legislated post-facto (to 1870), although post-facto laws are strictly
forbidden by the Constitution. [1:9:3]
The Federal Reserve System is a sovereign power structure separate and distinct
from the federal United States government. The Federal Reserve is a maritime
lender, and/or maritime insurance underwriter to the federal United States
operating exclusively under Admiralty/Maritime law. The lender or underwriter
bears the risks, and the Maritime law compelling specific performance in paying
the interest, or premiums are the same.
Assets of the debtor can also be hypothecated (to pledge something as a security
without taking possession of it.) as security by the lender or underwriter.
The Federal Reserve Act stipulated that the interest on the debt was to be
paid in gold. There was no stipulation in the Federal Reserve Act for ever
paying the principle.
Prior to 1913, most Americans owned clear, allodial title to property, free
and clear of any liens or mortgages until the Federal Reserve Act (1913.)
"Hypothecated" all property within the federal United States to
the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders)
held legal title.
The U.S. citizen (tenant, franchisee) was registered as a "beneficiary"
of the trust via his/her birth certificate.
In 1933, the federal United States hypothecated all of the present and future
properties, assets and labor of their "subjects," the 14th Amendment
U.S. citizen, to the Federal Reserve System.
In return, the Federal Reserve System agreed to extend the federal United
States corporation all the credit "money substitute" it needed.
Like any other debtor, the federal United States government had to assign
collateral and security to their creditors as a condition of the loan.
Since the federal United States didn't have any assets, they assigned the
private property of their "economic slaves", the U.S. citizens as
collateral against the unpayable federal debt. They also pledged the unincorporated
federal territories, national parks forests, birth certificates, and nonprofit
organizations, as collateral against the federal debt. All has already been
transferred as payment to the international bankers.
Unwittingly, America has returned to its pre-American Revolution, feudal roots
whereby all land is held by a sovereign and the common people had no rights
to hold allodial title to property. Once again, We the People are the tenants
and sharecroppers renting our own property from a Sovereign in the guise of
the Federal Reserve Bank. We the people have exchanged one master for another.
This has been going on for over eighty years without the "informed knowledge"
of the American people, without a voice protesting loud enough. Now it's easy
to grasp why America is fundamentally bankrupt.
Why don't more people own their properties outright?
Why are 90% of Americans mortgaged to the hilt and have little or no assets
after all debts and liabilities have been paid?
Why does it feel like you are working harder and harder and getting less and
less?
We are reaping what has been sown, and the results of our harvest is a painful
bankruptcy, and a foreclosure on American property, precious liberties, and
a way of life.
Few of our elected representatives in Washington, D.C. have dared to tell
the truth. The federal United States is
bankrupt.
Our children will inherit this unpayable debt, and the tyranny to enforce
paying it.
America has become completely bankrupt in world leadership, financial credit
and its reputation for courage, vision and human rights.
This is an undeclared economic war, bankruptcy, and economic slavery of the
most corrupt order!
Wake up America! Take back your Country."