According to "FUNKTIONARY, THE KEY HOLDERS ENPSYCHLOPEDIA"
The Dollar - a bad check circulating and accepted as a good check, never presented for payment; it is accepted as the final payment itself. "Backing" for the dollar historically has always meant "redemption," i.e., returning paper to receive the wealth purportedly backing it. Stating that the dollar is "backed" by the Gross National Product (G.N.P.) of the country or the nation betrays the fact that there is no G.N.P. stored that is held in reserve for the redemption of "dollars." Our sensibilities are assuaged (duped) because we can use "dollars" to purchase wealth and services (production and human exertion we desire) even when redemption is refused. The "dollars" of today are only accepted as "purchasing units" because of the confidence of the people that is partly based on residual memory of their past worth in redemption (backing). Today, the "dollar" is a euphemistic expression for an abstract unit measurement (mental appraisal of the mathematical relativity of exchange value) to induce and facilitate an invalid cross-reference between wealth and credit—imaginary demand—inflation—political money—seignorage and hidden taxation (theft) per se. When we pledge wealth to the bankers to get "dollars" we feel that since it cost us wealth pledges to receive "dollars" from them, they must be work that wealth, or why are we doing it? We pledge the wealth to the bankers to get "dollars," but we use them to purchase production from our fellow producer-consumers, etc. No one can return those "dollars" to the banker, demand production from him, and get it. There isn't any product produced by the banker or held M him in reserve for the redemption of "dollars" so why do we pledge wealth to him to obtain "dollars"? We believe that it is the "dollars" that were deposited by other producer-consumers that we are actually borrowing and therefore we think that the I wealth we pledge to the bank is our guarantee the repayment of those "dollars" to the depositors of the bank. It is our lack of knowledge of the fractional reserve system that allows for this mistaken idea The depositor's "dollars" are the "fractional reserve" "backing" for the "numbers" written by the banker (newly created "dollars"). It is these newly created "dollars" (numbers) that we actually "borrow", not the ones deposited by the producer-consumer-depositors of the bank. The new "dollars" cost the banker nothing to create so why should we pledge him anything to obtain them; why don't we pledge our wealth to the producer-consumer that will give up wealth in exchange for those "dollars"? The meaning of the word dollar has changed, from being a word to describe a portion of wealth held in reserve for the redemption of its tokens, to the use of the word and its representative tokens today as being the "wealth" itself in imagination. Today we pledge wealth, to the prestidigitator, creating and sustaining the illusion, with pen and ink purchased with the illusion, to obtain the illusion from him. k is such a diabolical procedure to define that we do it and accept a belief that somehow the banker is performing a service when in fact he is expropriating our wealth as fast as he can create the "dollars" and exploit our lack of knowledge of what he is really doing. The "dollar" is not "backed," it is not redeemable and therefore it is worthless (Title 26 USC) regarding dollar-denominated Federal Reserve notes boldly emblazoned with "One Dollar" or "Fifty Dollars," etc., inked on its cotton-linen material) and if accepted in exchange, it is in ignorance of its true nature. People not free to trade with wealth (or self-created and controlled claims against same) become slaves to the "money" creators. Today, only one entity (Federal Reserve) has the power to create "dollars" by the mere entry in a book (ledger). People's labor produces wealth, and any wealth borrowed can be repaid with "new" wealth produced. Not so with bank-created-only "dollars." Money confers all its power upon its creator! Acceptance of political monetary units (out of the control of the producers of wealth) enslaves labor to the will and caprice of the money creator and the policies it dispenses to control people while expropriating their assets. The "dollar," in reality, is a record of imaginary debt (owed to itself, i.e., the Fed), used as a means of obfuscating the true nature of exchange in lieu of wealth. (See: Dollar, Legal Tender, "Money," Currency, Seignorage, Quantity Theory of Money, Gangbanking, Federal Reserve Notes, Federal Reserve System, Loan, Capital, Rent, Interest, Slavery, Second Tax, Federal Real Tax, Usury, Cultural Induction, Free Coinage, Public Debt, Tokens, Expropriation, Taxation, Labor, Property, Cost, Income, Wealth, Parity, Supply, Demand, Fractional Reserve System, Fictional Reserve System, Coin, Imaginary Demand, "Credit," Debt & "Monetized Debt")
dollar - "A weight of gold or silver." -Encyclopedia Britannica, 1962; "412 1/2 grains of silver." -World Dictionary, 1959; "A silver coin." -Webster's Encyclopedic Dictionary, 1980; "Not a Federal Reserve note." -John. E. Burke, (former) Acting District Director, IRS. Dollar is an abstract concept which cannot be described in physical (perceptual) or mental (conceptual) terms. The term 'dollar,' by law, is the unit of monetary measurement by weight of the money of account. The term 'dollar' is widely accepted and believed as being the commodity and its unit of measurement simultaneously. Taken to its logical conclusion, ending up in the oxymoronic statement of there is a "dollars' worth of dollars." 2) not a thing that exists in and of itself, not even as a unit of weight measurement since there is nothing, (i.e., no substance) remaining or identified by law to replace gold and silver to be measured by weight in dollar terms. The dollar is unit of weight measurement limited to silver coin as the money of account in the United States per the Coinage Act of 1792. "The eye hath not seen nor the hand toucheth a thing called a 'dollar.'" ~T. Imms, Banking Law Journal 1920. A dollar is an IOU. The owner's name is not on the dollar—it's at the bank on a balance sheet. The bank gives you a bunch of IOU's and charges you interest for "borrowing" unearned token units! You don't think of it as a loan because you can transfer (pass off) the debt (legal counterfeit) conveniently. (See: Money of Account, Monetized-Debt, Credit, Money, GEO-Dollars, Token, Coin, Cash, Energy, Labor, Income & IRS)
dollar - an expression of weight measurement used as rhetorical artifice to facilitate (and conflate) a cross-reference between wealth and credit-imaginary demand-inflation-money-siegnorage. 2) a numeric record of imaginary debt conjured into existence sustained by belief and held in human thought only. Whatever during an exchange is accepted as a medium of exchange in lieu of wealth is imaginary demand ("money"), (credit) and (inflation). You won't find the word 'dollar' defined in most textbooks. (See: Credit, Inflation, Money, Political Money, Siegnorage, Errorist, Federal Reserve Notes & Wealth)
"dollar" - a word applied to physical tokens (i.e., coins, metal slugs & pieces of cotton-linen rag called 'paper') that represent a deliberately conjured and accepted belief (confidence) that somewhere, somehow, there is a thing called "money" and the transferable tokens represent "units" of it. How can there be any relation between a non-existent object and a reference to it? (See: "Money," Ghost Dollars, GEO-Dollars, Semantics, Fiction, Unreality, Token, Coin, "Monetized Debt" & "Credit")
"dollars" - the de-facto unit measure of the imagination, the "thing" imagined is the faux "value" called "money," it is not real, it is a non-entity (it's an abstraction), it exists in the mind (psychogenic in nature) and remains (a naked symbol within a recursive context and a circular argument until something is re-introduced to be a substance with which to measure by weight \ thereby giving the term isomorphic mapping and reality again as in 5 dollars of silver or X dollars of gold. "Federal Reserve notes are not dollars." -Russell L. Munk, former Asst. General Counsel, Department of Treasury. "Dollars" are not the money—but the expression of the money. Similarly, concrete is expressed in cubic yards, but there are no foundations built out of cubic yards of cubic yards. Concrete (the entity) is expressed in cubic yards (unit of measure) and nobody would expect to pay a concrete company for cubic yards without getting the concrete. You can have dollars—but you're better off with sense.
monetary realism - the science of exposing banking fraud and economists. 2) Exchange by bilateral barter, value for value at the point of transaction, thus a completed one. 3) the penultimate stage of grasping the true concept of money; the ultimate being the relativity of values by way of a split barter transaction via valueless accounting devices, mechanisms and automated clearinghouse systems where the ignitiators of what is used as money, all have the power to "create" in relation to the extent or capacity to redeem; not based on someone's promise to pay (which is debt) but the promise to accept (which is non-debt based with no interest possible). (See: Monetary Theorealist)
monetary realist - one who overstands that in reality there is no objective money, taxes, interest, revenue, taxpayers or anything associated with the objectivization of money. Money is a concept not an actual item of anything. A dollar is a system of weight measurement in the decimal system. When there is no longer anything (any substance, i.e., silver or gold) being measured in dollar quantities to be used as money, then all related activities are as illusory as the money itself. (See: "Monetized Debt," Dollar, Fictional Reserve, Gangbanking, Usury, Deposit Dynamics, Bank Loan, S&M Banking & "Money")
Monetary REGIME - Retarding Economic Growth Inhibiting Monetary Expansion. The Economic War on the made poor by policy and design carried out through O.G.D. (Official Government Doctrine). (See: Quantity Theory of Money)
monetary regulation - an oxymoronic concept because to regulate (control) money would mean to control values which are the product of opinion, obviously an impossibility; although a necessity for a debt-based bank-monopolized mind-controlled confidence game/operation called finance economy. [MORE]