That is, banks can concern or create “money” simply by making a ledger entry. These newly created dollars (ledger entries) are “backed” by the same few dollars already held on deposit. As this jurisdiction is held to be exclusive, the facility of laws on the identical subject must necessarily be within the national legislature and never within the state legislatures. Congress enacted the Limited Liability Act on March 3, 1851. It is codified at Title 46, United States Code, Sections 181-189, as amended in 1875, 1877, 1935, 1936 and the Act of 1884. It intended to cover your complete subject of limitations, and to invest the U. S. District Courts with unique authentic cognizance of all instances of admiralty and maritime jurisdiction, exclusive of the States. While State courts are permitted to handle and try Admiralty instances if the suitor needs, it have to be an Admiralty matter to begin with and it must involve property, otherwise there wouldn’t be a common Law treatment. Cases of Admiralty and Maritime jurisdiction; … State courts are forbidden by the Constitution to have Admiralty jurisdiction. A freeborn, Sovereign American individual can’t be forced into perpetual debtorship and involuntary servitude, that is, feudalistic performance on behalf of, and for the benefit of, any person, actual or juristic, against his Thirteenth Article of Amendments to the Constitution of the United States of America.
Another Constitutional situation that each of us needs to understand is the difficulty of Individual Common Law Rights of We the People of the United States of America. Whenever you can pay your debts in Standard Gold Dollars, you operate on a money basis in a Federal Common Law jurisdiction based mostly on Article I, Section 10, clause 1, of the Constitution of the United States of America relating to tender in fee of debts. Thus, in a single day, We The People grew to become liable for specific performance on the idea of a debt action of assumpsit underneath the private Law Merchant, operating exterior of the Constitution and imposing an Equitable jurisdiction. That is the final Federal Common Law jurisdiction deriving from the Union, which the Bill of Rights was designed to protect, notably the Seventh Amendment which guarantees the fitting of Trial by Common Law Jury in suits at Common Law where the worth in controversy shall exceed twenty dollars. Greater than this, it would should be tried in a typical Law court, HOME following Common Law procedures (not Equity procedures) with a Trial by a common Law jury. If we do not “perform the services” our property is taken from us by Equity courts imposing the Law Merchant.
By the operation of House Joint Resolution No. 192, people, and States, have been compelled to “perform services”, so as, to not pay (nobody may “pay” anymore because there was no real cash with which to “pay”), however to “discharge obligations” to pay. With multiple demands, nobody can ever fulfill all his claims and nobody can ever “pay” at Law in substance, that’s, with Standard Gold Dollars, but instead, can only “perform services” as proof of his willingness to “discharge the obligation to pay”. Suits in admiralty historically took the type of a proceeding in rem against the vessel, and, with exceptions to be famous, such proceedings in rem are confined solely to federal admiralty courts, because the grant of unique jurisdiction to the federal courts by the Judiciary Act of 1789 has been interpreted as referring to the traditional admiralty action, the in rem motion, which was unknown to the Common Law. It needs to be famous that Congress didn’t (couldn’t) take away our Rights to make use of bank notes at Law, or demand deposits at Law; they simply took away our money. Congress didn’t take that Straight away; since we’ve unalienable Rights which cannot be taken from us or be compelled to provide them up; Congress simply took away the gold.
Hence, although it’s “legal” or at Law, it never pays the gold due to House Joint Resolution No. 192, which illegally and criminally prohibited payment of the U. S. Standard Dollar Lawful Money, at par, and thus at Law. Lawfully, debts can solely be paid with cash – money as defined by the Law of the Land – The Constitution – being gold and silver coin. Overnight, your complete country was placed in an entirely new regime of Equity, which never “pays” a factor but solely compels services perpetually to the personal banks, and the debts to private bankers continually increases, the interest obligations, referred to as “debt service”, constantly compounds and the efficiency of services with a purpose to “discharge the obligation to pay” this curiosity are never- ending, being a higher and higher burden upon ourselves and our kids, and our children’s’ children. Which means it passes at Law as money, being a authorized tender, however the only curiosity it passes along is a mere demand or promise.