Article Video - The Seigniorage Looting Fraud - Tuesday, May 30, 2023 By Anna Von Reitz
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Article Video - The Seigniorage Looting Fraud - Tuesday, May 30, 2023 By Anna Von Reitz
Information provided to H.E. Cardinal Mamberti and the Vatican Chancery Court regarding our Claim March 6 2005, January 19 2023 in seq:
Among the many fraud schemes that have been deployed against us and against our credit is the mysterious disappearance of our seigniorage credit.
Seigniorage is the difference between the cost of producing a physical currency token, such as a coin or a dollar bill, and the face value of that same currency product.
At the time we investigated this issue, it cost four cents to produce a dollar bill, whatever the denominated value of the bill was --- it cost four cents to print a single one dollar bill or a hundred dollar bill or a million dollar bill.
Many people are unaware that such large denomination bills exist, because they are used by banks for interbank transfers and are not generally available to the general public, but the cost of printing such bills was still the same: four cents.
As bills are representations of value and spend at face value, when they first go into the market the seigniorage is "collected" as the bill is released. This recoupment pays for the materials and printing costs and leaves a profit---- so a one dollar bill yields a 96 cent profit, a five dollar bill yields a $4,96 profit, a ten dollar bill yields $9.96 profit, a twenty dollar bill yields $19.96 in profit, a fifty dollar bill yields $49.96 in profit, and a hundred dollar bill yields $99.96 in profit, so that the entire currency issue is nearly pure profit for the Issuer.
Think of the issuance of the currency as a sale by the manufacturer of a product.
We are the actual source of the funds and the manufacturers are under contract to produce the bills for us.
They are owed their four cents, but we are owed all the rest --- the seigniorage. What happened to it? Did the banks pay for it? No. Did the Federal Reserve pay for it? No.
Continue reading http://www.paulstramer.net/2023/05/the-seigniorage-looting-fraud.html
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