The Coinage Act of 1792 and the United States Statute Codes both declare thus: "The money of account of the United States shall be expressed in dollars..." Reference 31 U.S.C. 371 and Coinage Act of April 2, 1792, Section 20.

   This Coinage Act also defined a dollar as 375 & 1/4 grains of fine silver.

   A "dollar" is a coin containing, by weight, 375 & 1/4 grains of fine silver.

   The act did not establish a "gold" dollar. Rather gold coins were valued in relation to silver. That is, a ten "dollar" gold piece called an "Eagle" contained ten silver dollars worth of gold. The act also affixed the death penalty for the crime of debasing the coinage.

Just as Gasoline is expressed in gallons and concrete is expressed in cubic yards, money is expressed in dollare



A gallon is a measure of gasoline A gallon is gasoline
A dollar is a measure of money A dollar is money
A shekel is also a measure of money A sheckel is money

   We are so used to saying that a dollar is money. To say a dollar is money is like saying a gallon is gasoline. Both gallon and dollar are units of measuer.

   "Two gallons of milk" is like "Ten dollars in gold."  A ten dollar gold coin's measure of value is the dollar. Ten dollars weight of silver is equal in value to the ten dollar gold coin.

Bushels, quarts, pounds, cups, dollars, all units of measure.

  Most people think that a dollar is money. We just read in the Coinage Act of 1792 that "money . . . shall be expressed in dollars." Here are the definitions of "money" and "dollar."

Money: A medium of exchange. Money is a tool to transfer property from one person to another just as a wagon hauls goods from one place to another. Simply put, money is a medium of exchange.

   Examples of money: Federal Reserve Notes, United States Notes, Silver Certificates, Money Orders, Checks, Postage Stamps, Coins, Tokens, Food Stamps, in prison, it is not unusual for cigarettes to be used as money.

   Our nation's Christian founders knew the Bible's requirements for just weights and measures. They also knew Amos 8:4-7 and its application to the banking community, "Hear this, O ye that swallow up the needy, even to make the poor of the land to fail . . (by making). . . the ephah small and the shekel great, and falsifying the balances by deceit"

   To help prevent monetary deceit the Founding Fathers made money a function of government by writing into the Constitution:

   "Congress shall have the power . . to coin money, (and) regulate the value thereof, . . and fix the standards of weights and measures" Article 1, Section 8 Clause 5

   "No State shall. . . coin money, emit bills of credit, make anything but silver and gold coin a tender in payment of debts. . . "Article 1, Section 10 Clause 1.

   To "fix the standards of weights and measures" of money the dollar was defined by law:

Dollar: A measure of money equal in value to 375 & 1/4 grains of fine silver. The "silver dollar" is a coin containing 375 & 1/4 grains of silver.

   Today we carry in our pocket or purse pieces of paper called "dollars." We also have coins called half-dollars, quarter-dollars and dimes. In times past they contained silver metal.

   However, today none contain silver metal. As a result, some "dollar" coins have more value than others. For example, ten older silver dimes have about the same value as one hundred modern copper/nickel dimes. An older silver dollar coin is worth 5-10 paper dollars.

   Our paper "dollars" have one value today and less next year. In the foreign exchange the dollar's value changes day by day." Today's dollar does not have a fixed value. Someone or some system has "redefined" the dollar.

Haggai 1:5-7.

5 Now therefore thus saith the LORD of hosts; Consider your ways.

6 Ye have sown much, and bring in little; ye eat, but ye have not enough; ye drink, but ye are not filled with drink; ye clothe you, but there is none warm; and he that earneth wages earneth wages to put it into a bag with holes.

7 Thus saith the LORD of hosts; Consider your ways.

   In verses 5-7, Haggai told us to consider our ways. In verse 6 he talked about wages. Haggai compared a paycheck to "a bag full of holes."

In our day, the holes could be F.I.C.A., Federal Taxes, State Taxes, Local Taxes, Union Dues, Health Insurance, etc..

   You brought home the remainder of your paycheck and guess what, you wondered where it went! What did God say he did to the paycheck?

Haggai 1:9 Ye looked for much, and, lo it came to little; and when ye brought it home, I did blow upon it.

He blew it away! At that time God was displeased because the people were not building His house. Perhaps ministers would argue that the people had money problems because they were not contributing to the church, i.e., not building the Lord's house.

   In this course you will discover we have a different answer. When America, and the people in America, have money problems, it's because they have (unknowingly) violated God's economic laws. (We are not talking about tithing.)

   We have violated His economic laws on the job, in government, in the banks, EVERYWHERE! And, if we obey God's Law on money, we will, as a nation, be wealthy, in fact, overnight!

   You say, but wherein have we violated God's Law on money? I didn't even know that God had laws about money! First some background information;

The History of Money in America

   At one time we had a Constitutional 100% silver "dollar" containing 375 & 1/4 grains of pure silver. Our paper dollars had the exact same fixed value.

   That silver dollar coin was replaced with a 40% silver Eisenhower "dollar."

   That coin was replaced by a debased copper/nickel "dollar" containing no silver whatsoever.

   That non-silver "dollar" was replaced by the Susan B. Anthony "dollar" that looked like a quarter.

   The latest is another non silver coin with a gold color.

   Most of us noticed the decreased purchasing power, perhaps even the decreased silver content of our coins, but because we do not believe God concerning a few basic money laws, we do not, and perhaps can not, see the other ways used to plunder our pay check. Jesus sent his disciples to open the eyes of the blind. Later in this course you might exclaim, "I see!." If you do, remember what you just read.

Money and Government

   In England, on December 17, 1945, the Duke of Bedford was speaking before the House of Lords about the Brenton Woods International Monetary Agreement, he said, "Then there is the very grave objection indeed that we are proposing to hand over control of our economic life, in a very large measure, to a gang of representatives of Wall Street finance who are responsible to no one and are above every Government." The Duke said, "(Wall Street Bankers) are responsible to no one and above every Government."

   New York's international bankers lend credit and money to all of the world's governments. Several New York banks have offices in Moscow. Few Americans are aware that the mighty Red empire was in debt to the New York Banks for billions of dollars. Even fewer know that the Communist revolution of 1917 was funded by loans from New York bankers. The United States of America and the other nations are in debt to the very same Bankers!

   Who ran the Soviet Union? Was the Red Communist Party or was it the Banker that advances credit or refuses it?

   In Proverbs 32:7, King Solomon wrote, "the borrower is servant to the lender." Does this apply only to individuals, or is it also true of governments?

   The Duke of Bedford pointed to the international bankers and said they are "responsible to no one and are above every Government."

   The Banking (lending) families control the (borrower) governments. They also own or control business and industry including "ships in the sea." One of our past Presidents, James A. Garfield wrote, "Whoever controls the volume of money in any country is absolute ruler of all industry and commerce."

   The type of government, the national religion, the political system, even war between nations has no effect on the multinational merchants of the earth. They continue to gather wealth unto themselves whether the nations are at peace or at war. How was this accomplished?

   The answer is in The Ten Commandments that God gave at Mt. Sinai . The connection between banking and two of these ten commandments is a mystery. In this course we will solve this mystery. By course end you will know more real knowledge about money than a College graduate in Economics.

   This is important information for Christians, Why? Marriages succeed or fail often over money problems. Sick people live or die depending upon their ability to afford health care.

   Businesses succeed or fail all over money. If businesses do not make money they can not keep their work force. Government problems are almost all related one way or another to money.

   To implement The Ten Commandments, God gave additional instructions. In Leviticus 19 He commanded exact measurements for merchandise. Verse 35,

    "Ye shall do no unrighteousness in judgment, in meteyard (a yardstick), in weight, or in measure. Just balances, just weights, a just ephah (a grain measure), and a just hin (a liquid measure), shall ye have."

   The chapter concludes with, "Therefore ye shall observe all My statutes, and all My judgments, and do them: I am the Lord." Notice this verse, like many others ended with "I am the Lord."

   When Congress or a Legislature writes a law, that law includes a statement to show the authority for writing that law. In God's case he just says, "I am the Lord." And that is why we are to observe "all" His law, even these statutes commanding just and exact measurements. Why? Simply because He says so. God says, I am the boss, that's why.

   The Christians who wrote the United States Constitution in compliance with God's Law ordered Congress: "To coin money, regulate the value thereof, and of foreign coin, and fix the standards of weights and measures." (Article 1, Section 10) And like Leviticus 19:35

   It is easy to understand how merchants could steal if they are allowed to change the size of the bushel, gallon or pound. You can see that. What if the service stations could set their pumps to show more gallons than you received? Or the feed store to set their scales to whatever they wanted? It is easy to see that, under these circumstances, trade and commerce could not function. Exact measurements known and understood by all parties are an absolute necessity for civilized society.

   God commands exact standards for the pound, gallon, inch, foot, and so on. Christian government does much to eliminate confusion and keep merchants honest by "fixing the standards of weights and measure."

   Milk must contain so much butter fat. Ten penny nails are all the same length. All of these are set by law for the good of the people and to establish honesty and stability in business and commerce. But today's government regulates and "fixes" everything except the value of the dollar.

   The dollar is the one thing that measures all others. The dollar has its purchasing power controlled by a privately owned banking business deceitfully named "The Federal Reserve." After 1913 our government no longer controlled the value of the dollar as called for in the Constitution. These Banking families own or control governments, corporations, radio, T.V. and newspapers.

   They make their fortunes in money and credit. In economic areas, they make the rules and they set the measurements. They establish or change interest rates at will. They control the actual amount of money or credit available to the people and to our government. (More in later lessons.) 

   Their method of control is hidden, secret and unknown to the public. It is a mystery. The Banker's method makes the modern dollar an unjust balance and a diverse weight. It is a crafty way to rule the world while plundering the producer and enriching the money lender.

Isaiah 47:10  For thou hast trusted in thy wickedness: thou hast said, None seeth me. Thy wisdom and thy knowledge, it hath perverted thee; and thou hast said in thine heart, I am, and none else beside me.

    God said through Amos, "They make the ephah small and the sheckel great and falsify the balances by deceit that they may buy the poor for silver and the needy for a pair of shoes." How this is done is a mystery. We will start to solve the mystery in this lesson.

Deuteronomy 25:13-16

13 Thou shalt not have in thy bag divers weights, a great and a small.
14 Thou shalt not have in thine house divers measures, a great and a small.
15 But thou shalt have a perfect and just weight, a perfect and just measure shalt thou have: that thy days may be lengthened in the land which the LORD thy God giveth thee.
16 For all that do such things, and all that do unrighteously, are an abomination unto the LORD thy God.

Proverbs 11:1

A false balance is abomination to the LORD: but a just weight is his delight.

   Now, let's start by examining the paper "dollar." In your pocket you will find a Federal Reserve Note labeled "ONE DOLLAR." The writing on this document states that it is a "note," specifically, a Federal Reserve Note.

According to Black's Law Dictionary, for a "note" to be a real "note," it must meet four qualifications;

(1) Identify who is paying;
(2) State what is being paid;
(3) State who is being paid; and,
(4) State when payment is made.

The checks that you write out of your checkbook are also notes. The check identifies:

1 Jonny L. Bucket
777 My Street
Anytown, USA


4    date    



Pay to the
order of

3     Sam's Sports Shop                                 


2     Ten Dollars                                             


Town Bank         
Nicest Building
                                                  Signed        By        J. L Bucket        
Anytowwn, USA

1 Who is paying? . . . . . . . . . . . You through your bank;

2 What is being paid?. . . . . . . . . The amount of the check.

3 Who is being paid?. . . . . . . . . The person you name on the check.

4 When payment is made?. . . . .  The date you write on the check.

   Some time ago we had Silver Certificates. These were notes. Below is a sample of the writing on an old U.S. Government Silver Certificate.

 Silver Certificate


This certifies that there is on deposit in the treasury of

This certificate is legal tender for all debts, public and private


(Signed by)
Treas. of U.S

(Signed by)
Sec. of Treasury


In Silver payable to the bearer on demand


The writing also Identifies:

(1) Who is paying. . . . . . . . . . . . . . . The United States of America;
(2) Who is being paid . . . . . . . . . . . . The bearer;
(3) It states what is being paid. . . . . . .Silver; (How much? = 5 dollars worth.)
(4) When payment is made.. . . . . . . . .On demand.

   In 1913 the Congress gave up their Constitutional mandate to "coin money and regulate the value thereof" according to Article 1, Section 8 of the United States Constitution.

   Private businessmen were authorized by Congress to set up the "Federal" Reserve Banking System. (A deceptively named, privately owned corporation.) Most people believe that the Federal Reserve System is a part of the U.S. Government. But it is "Federal" only in name, but no more a part of our government than Federal Products Corp. or Federal Steel Erectors Inc.

   If you believe the Federal Reserve Bank is a part of the Federal Government, simply look in the telephone book under U.S. Government. Then look under "Federal" in the private business pages.





Home page.

First page in this series.

 Previous question.

Question 2: Look in your phone book for Federal Reserve Bank. Where did you find it, in the Government pages or in the private business pages?

  In the federal government listings.

  In the private business pages along with other businesses using the name federal such as Federal Express and Federal Products Corp..