Unite Currency Resolution For Free

As a result ofHJR 192, and from that day forward (June 5, 1933), no one in this nation has been able to lawfully pay a debt or therefore lawfully own anything. The only thing one can do is tender a transfer of debt, with the debt being perpetual (only discharge).

The preamble of the resolution declares that in the emergency existing at that time obligations were being entered into that gave 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 in money of the United States measured thereby,? and that these ...

Gold clauses guaranteed that creditors would receive payment in gold dollars as valued at the time a contract was made. Due to the deflation that followed the Great Depression, this meant that debtors were being forced to pay back much more than they owed originally.

HJR 192 was implemented immediately. The day after President Roosevelt signed the resolution, the treasury offered the public new government securities, minus the traditional payable in gold clause. 192 states that one cannot demand a certain form of currency that they want to receive if it is dollar for dollar.

The essential provisions of the joint Resolution read as follows: "That (a) every provi- sion 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 in money of the United States measured thereby ...

A nation may choose to engage in full or partial currency substitution. Some countries may choose to replace their native money with the foreign funds entirely. In other cases, a nation might circulate common cash, but decide to use another country's currency in specific instances such as for international trade.

Central banks and governments can intervene to help stabilize a currency by selling off reserves of foreign currency or gold, or by intervening in the forex markets. Currency crises have occurred throughout modern history, most notably in Asia and Latin America during the 1990s.