Is creation clouded by misconception? To which value is spoken of is the first step
in determination. This writing addresses the application of laws of the United States of America to the creation of money. The creation of money by statutory law is reserved to the government of the United States of America, United States Treasury. So what the hell is the role of the Federal Reserve? Hidden from the average country Joe is the fact that the creation of money and the creation of value is not one in the same. Whereas the Federal Reserve is not lawfully capable of printing [creation of money] does not prohibit the Federal Reserve from borrowing newly created money obtained from the United States Treasury. One thing known about the Federal Reserve, the Federal Reserve is a private bank of last resort for private banks established by private banks, regardless of whether the bank has shareholders or not the bank is a private institution. Consider that Bank of America, N.A. [National Association] is a wholly owned subsidiary of Bank of Americas Corporation remains a private bank. Whereas the private banks and the Federal Reserve create not money, and whereas the Federal Reserve places upon its balance sheet debt obligations when the Federal Reserve borrows money from the United States Treasury. Hence the creations of tangible money and intangible value are separate and distinct and money creation laws do not limit private entities from creating intangible value. Only problem with creating intangible value beyond the limits available too tangible money, the intangible creation of value will never be resolved to reduce the intangible obligation owed to a zero value, for there is not enough tangible wages earned, paper money, gold, precious metals, precious gems, precious works of art existing to resolve the intangible debt obligation, therefore it is required and a necessity to roll the debt obligation with additional obligation value to future generations. Within the United States Housing market the creation of intangible value is easily amplified for the benefit of the private banks who receive the insured value of a default declared under an intangible obligation. In short, many of the private banks will receive intangible value under an intangible default. Simple to explain once understood, many of the private banks act as the Underwriter of many of the Securitized Trusts and to amplify profitability a Credit Enhancement is added to increase the intangible trusts value made payable to the Underwriting private bank. To what extinct enhancements are added depends the individual trusts creation documents but evidence has revealed that Investors [Money Managers for mom and pop money investment] receive little of the insurance proceeds. Another method and means in creating intangible value is by and through the means of issuance and execution of Credit Default Swaps not payable to investors. One has to only consider how many Credit Default Swaps it took to see AIG seek a bailout to avoid bankruptcy. Without many of these payable Credit Default Swaps what position would many of the private banks have suffered? Cleary the law allows for the creation of intangible value as the private banks over decades exercised many means and methods over time [decades] to maneuver lawmakers into passing laws to make it legal, but applying tangible logic and tangible values such lawful means and methods will only provide a day in time that the world will realize such actions are unsustainable and failure of private banks must happen or in the opposite or equal, governments must fail. One needs to only retreat to historical times in 400BC and evaluate the events of the Spartan War and the deeds of the Thirty Tyrants. Relying upon events in the 1930s crisis to be part of the guideline to deal with the current worlds financial fiasco is misplaced. Misplaced, why, is that those that believe and control the intangible banks are ignorant or willingly overlook that current event of creating value has not occurred in history?