The legal ramifications underlying these differences are extraordinary, however, although ignored by entire populations blissfully pursuing the philosophy that 'the end justify the means'. Before 1934 the common Federal Reserve banknote had in the upper left corner the statement taking up four lines of fine print. Following House Joint Resolution 192, the fine print to the left of the portrait was altered, deleting any mention of gold since it was now against 'public policy' for debts to be paid in gold. The term 'lawful money' was, however, retained. The terms 'lawful money' or 'lawful money of the United States' shall be construed to mean gold and silver coin of the United States.
Power tends to corrupt, and absolute power corrupts absolutely.
Banks now 'create' and doth provide. The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money - almost any amount of it. A simple method is a fee for the loan of nothing. For the debtors anyway. The first generation of debtors and creditors thus had a vested interest in the enslavement of their offspring - to postpone the inevitable foreclosure.