TABLE OF CONTENTS

FOREWORD . . . 1


PART I: REFLECTIONS ON THE EVOLUTION OF OUR CONSTITUTION, THE LAW and THE FEDERAL RESERVE SYSTEM 5


". . . the intent of the lawmaker is to be found in the language that he has used." United States Supreme Court in U.S. v Goldberg (1897)


PROLOGUE . . . 7


Chapter 1. . . If You Don't Know What the Problem Is, You'll Never Find a Solution 10
Chapter 2. . . Our De Facto Government as a Legislative Democracy 15
Chapter 3. . . Revisiting the New Deal 43
Chapter 4. . . De Facto America, For the Love of Money 63
Chapter 5. . . The Smoke and Mirrors of Our Money Creation System 80
Chapter 6. . . Our Immeasurable Responsibility 118
APPENDIX I . . . 129
APPENDIX II . . . 135
References . . . 137


PART II: MONEY, OWNED AND OWED: THE NEGLECTED STORY OF MONEY CREATION 139


". . .the strangest thing about the human mind is that it will not make an investigation into an accepted thing." S.W. Adams, Monetary analyst


PREFACE 141


Chapter 7. . . An Overview of Our Current Owed Money System 152
Chapter 8. . . Debt, The DUM Equation and The Fractional Reserve System 163
Chapter 9. . . Misconceptions about Inflation. . . and Gold 183
Chapter 10. . . Debt Free 'OWNED' Money Creation, per the Principles and Rules of Monetary Science 195
REFERENCES 218


PART III: A BRIEF HISTORY OF OWED MONEY: OUR MAN-MADE GOD FROM ANCIENT BABYLONIA 22


"There is no new thing under the sun." Eccl. 1:9


PREFACE 223

Chapter 11. . . The Influence and Impact of Ancient Babylonia 229
Chapter 12. . . Rome 240
Chapter 13. . . Money in England 244
Chapter 14. . . Colonial America 254
Chapter 15. . . The Civil War and Reconstruction 267
Chapter 16. . . The 'Progressive' Era 290
Chapter 17. . . From World War II to Our Post 9-11 World 314
REFERENCES 326


PART IV: THE DECLARATION OF INDEPENDENCE, THE CONSTITUTION, AND THE BILL OF RIGHTS 329


"All laws which are repugnant to the Constitution are null and void." Marbury v Madison: 5 U.S. (2 Cranch) 137 1803.


EPILOGUE 331


Declaration of Independence 343
Constitution for the United States of America 350
Bill of Rights 366