What is Currency?
Currency is coined money and such bank notes or other paper money as are authorized by law, which do in fact circulate from hand to hand, as a medium of exchange.

Black’s Law Dictionary 6th Edition.



What is Money?

Money is “a medium of exchange.‿ In lay terms, it is a medium of exchange that is termed anything that can be used in the act of an exchange of goods or services and has a common basis of measurement. According to the dictionary, usually, it is seen as the ordinary acceptance of coins and paper currency that is used in the medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Further, it is also considered A medium of exchange authorized or adopted by a domestic or foreign government as its currency.‿

Black’s Law Dictionary 6th Edition



What is a “Note‿?

A note is, an instrument containing an express and absolute promise of the signer to pay to a specified person or order, a definite sum of money at a specified time or on demand. Federal Reserve Notes therefore, are not “dollars‿, or in other words, not “money‿.

Black’s Law Dictionary 6th Edition



What is Legal Tender?

All coins currency of the United States, (including Federal Reserve Notes, and circulating notes of Federal Reserve Banks, and national banking associations), regardless of when issued, are legal tender for all debts, public and private, public charges, taxes, and dues.

Black’s Law Dictionary 6th Edition



What is Inflation?

The increase in money supply or cash receipts without a gold or silver backing.



According to Article 1, Section 10, Clause 1 of the United States Constitution: “No State shall make any thing but gold and silver coin a tender payment of debts.‿ The fact is, Federal Reserve notes have replaced money as the circulating medium of exchange.



According to the Constitution, Federal Reserve Notes are nothing more than what is considered Legal Tender, and are not in fact lawful money.[IMG:left]C:\Documents and Settings\User\Desktop\General Folder\Deskbkup\oldtime\www\files[/IMG]

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