NESARA The National Stabilization Law and Explanation and details of banking and monetary reform economic recovery.

Appendix A

Part I. Explanation and details of banking and monetary reform.

In a battle of knowledge among lawyers-politicians and the public, the fight unarmed people. A elitegroup dominates through the legal delicacy. It maintains the high ground, establishing rules with nothing more than words on paper techniques and some simple principles adopted Lex Mercatoria, which are not officially registered anywhere. Its true power emanates from the control of US institutions, especially those who deal directly with the monetary and fiscal policy.Misuse of this power for their own ends, with considerable encouragement from voters who expect something for nothing, led to the current economic situation of the nation. The easiest way out of this mess requires new monetary and fiscal policies. Both systems urgently need renovation.
Monetary policy controls the creation of money. Most of these rules have changed little since 1913, when they were first implemented. Despite the modern appearance of buildings and shiny new computers of financial institutions in the nation, our monetary system is outdated. Modern computers process the faster numbers but do not improve outdated basic system operations.
The bill, the National Law Stabilization and Economic Recovery, increases the efficiency of the monetary system and immediately removes part of the national debt. One way or another, that debt of $ 44 trillion, impossible to pay, should soon be granted. Under current economic conditions and rules of systems, this requires general depression or hyperinflation. Both methods erase the debt of books; Both are painful processes. Nesara proposes a third method.By changing the rules, it offers a solution designed for the problem instead of insisting on an additional sacrifice of those who have little to contribute.
The modification of the monetary system of the nation begins with the definitions in Section 1 of Part I, banking and monetary reform. Words often have legal definitions that differ from popular or colloquial use. "Buck" is a unit of measurement, specifically a unit weight equal to 371 and 1/4 grains. Priced at ten dollars is semantically equivalent to a ten-gallon price. Gallons? Gallons that? Practical applications require further clarification. Individuals generally provide the answer through ignorance as assumed knowledge. Its stock seems limitless.
The words build sentences. Prayers frame the ideas. The ideas expressed in the statutes legally become law. Change the definitions of words after the fact corrupts the law. Lawyers-politicians make effective use of this tactic with one exception: his attacks on the United States Constitution.
To have a reasonable construction, the words in the Constitution must be taken in its obvious historical sense. In 1824, Chief Justice Marshall wrote: "As men, whose intentions do not require concealment, they usually use words that express more directly and accurately the ideas they want to convey, the enlightened patriots who framed our Constitution and the people who adopted must He will be understood to have employed words in their natural sense, and have wanted what they said ^"1
Sometimes lawyers-politicians who try to evade a clear constitutional intention to change the way you speak a word, find someone like Judge Mahion Pitney Supreme Court in 1920. Hedeclared that "Congress can not by any definition it may take to conclude the matter, because it can not by law alters the Constitution, which only derives its power to legislate, and within whose limitations that power can only be lawfully exercised " ²
Definitions are important. Misunderstanding of the meaning of the words used in the proposed bill could result in an incorrect interpretation of the intent of the statute when it becomes law. In addition, all definitions must conform to those used in the Constitution. Pay close attention to the specific definitions given for the "credit bills," Eagle "," interest "," legal "," legal "," legal tender "," money "," pay "," seigniorage "," species "and" offer ". All ideas found in NESARA are based on simple legal definitions of a few dozen words.
Section 2 of Part I lists some obvious elements as possible findings of Congress. The purpose of this section is to indicate the relevant facts about the subject and explain why a new law is needed. New laws should not be approved without serious justification for its current total volume exceeds the capacity of any human to see, let alone meet them all.
Section 3 of Part I recognizes the control of the monetary system of the United States in Congress. This authority stems from the Constitution, contained in its monetary powers and disabilities.
• Article I, §8, cl. 2 - The Congress shall have Power ... To borrow money on credit of the United States [.]
• Article I, §8, cl. 5 - The Congress shall have Power ... To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures [.]
• Article I, §8, cl. 6 - The Congress shall have Power ... To have the Punishment of falsifying the Securities and current Coin of the United States [.]
• Article I, §10, cl. 1 - No State shall ... coin money; issuing letters of credit; make anything but gold and silver coin a tender in payment of debts ...
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¹ Opinion of Judge President John Marshall, Gibbons v. Ogden, 22 US 1, 6 L Ed 23, p. 68
 ² Eisner v. Macomber, US 252 189, 64 521 L Ed (1920)
Clearly, the monetary system of the country is under the control of Congress.

Section 4 of Part I , Congress exercises its monetary power and orders the Treasury of the United States produce three new types of currency: Treasury credit notes, coin standard silver and gold coin standard. Credit notes Treasury "sufficient to replace all paper currencies pending United States of all legal tender" will become the majority of the nation's currency. All impression above.
Now it is prohibited authorized paper money. The natural circulation and the resulting wear will eventually remove the old paper money, predominantly Bonds Federal Reserve, except those items that are kept as collectibles. Gold certificates and silver will not be exchanged existing in kind, but still may be used in its current legal status. The bill authorizes but does not require the production of new silver.
Certificates and new certificates are redeemable gold. It also provides general specifications and limitations for production along with solutions for breach of such limitations.
Congress also directed the Secretary of the Treasury to begin full production of gold and silver standard of the United States in accordance with the general instructions provided. A standard design unchanged for thirty years and marking of all coins produced in a decade with the same date value serves to limit excessive exchange coins as collectibles and to promote circulation.
Nesara public Mints open to an unlimited mintage. Anyone can bring gold or silver bullion these mints to be coined. Office, called seigniorage, maintains self-sufficient. Increase the exchange value of the standard currency at a point above the exchange value of their bullion content, another way to protect your circulation. In addition, the seigniorage makes feasible the operation of private mints in competition with government Mints, ensuring the efficiency of both. Treasury Secretary is aimed at promoting and regulating such operations.
Note that unlimited minting coins in gold coins bullion private property has the effect not only of monetizing the precious metal owned by the US. UU., But the entire world supply. honestly following this simple plan, the US will become the monetary capital of the world, its currency will be immediately acceptable in terms of trade posted anywhere on the planet. And this is achieved without cost to the government.
The benefits of a moral monetary system extend beyond the borders of any nation. Imagine what would have happened if the United Nations had adopted this plan and obtained financial support from a small tax on international trade of its members. Undoubtedly, the world today would be a very different place.
Maintain three types of currency in circulation requires simultaneous practical solutions to two problems: one is the nomenclature; The other is the regulation of their relations change.
The term "dollar" has been corrupted by popular use until beyond their original constitutional meaning, so its recovery seems unlikely. In these circumstances, the best solution is to assign the term "dollars" or "$" symbol without other qualifiers to designate credit notes Treasury of the United States or its subdivisions, such as coins coated chips and coins subsidiaries chips basic alloys. In contrast, the terminology designating a standard silver coin must contain the word "silver" as a qualifier. The term "eagle" seems appropriate to identify the new currency gold standard. specific historical coins can be identified by date and description.
To avoid problems often encountered with fixed exchange rates, Congress instructs the Secretary of the Treasury to determine and publish exchange relations between different currencies. This method, established as a matter of law, complies with the constitutional obligation of Congress to "regulate the value thereof."
Credit notes Treasury enjoy limited default swap as a means of payment legal status. If the parties to a commercial transaction not specify a specific means of exchange as silver dollars or eagles, courts must assume that intended to use cash credit notes. Of course, as issuing agent, the government must accept in payment of all taxes and fees.
Other provisions of this section give the new minting one, useful for visually impaired distinctive shape, and specify the method to compensate abrasion. NESARA also revokes all existing laws authorizing the seizure of precious metals by the government for monetary policy purposes or prohibiting the recovery and use of legal content bullion coins. This allows artists to use the same currency or metal content in his works also encourages public enforcement of the regulation of terms of trade because coins can be melted to recover the bullion intrinsic value without penalty.

Section 5 of Part Iidentifies the Federal Reserve Act of 1913 as amended by this Act Law, using their original provisions for dissolution and recovery of assets of the Federal Reserve System.Indeed, this section transfers all rights and property of any kind that anyone might have in the Federal Reserve everything from chandeliers to dust spiders beneath its foundations, to the government of the United States. Assimilates the existing Federal Reserve System in the US Treasury as Treasury Reserve System of the United States and create a new Board of Governors.The character of this new Board established specifying that twelve of his thirteen officers are ordinary citizens who represent their districts, a design that follows the model of the jury system.
To encourage only conservative actions, NESARA reduce the current wide range of objectives sometimes confusing and often conflicting taxes in the existing system of Federal Reserve the sole purpose of maintaining a value of stable long-term change for new credit notes treasury.Each share of the new Board of Governors requires an affirmative vote of nine of thirteen officers.
They expand some of the prerogatives of the Board. the current Federal Open Market Committee of the Federal Reserve System, its powers and responsibilities are transferred to the new Board of Governors is eliminated. In addition, a special account within the Treasury Reserve System of the United States called Treasury Reserve, to be administered in its sole discretion account is established.

Section 6 of Part I renames existing twelve banks as Reserve Banks Treasury, Federal Reserve now private public entities. It establishes a method of application and accounting for the Treasury to track the production and distribution of credit notes treasury. Denominations over $ 100 are allowed, provided that their movement is not public.
All financial instruments held by the twelve Reserve Banks Treasury of the United States shall be delivered to the Office of the Director of the Board of Governors Reserve System Treasury and exchanged for credit notes Treasury Reserve Account Treasury nominal value equivalent for one.These cash credit notes can be used for ordinary operating expenses of banks cash reserve. This will eliminate effectively or maintain necessary charges for its services very low for an extended period. Also provides a method to slowly release into the general circulation, preventing economic impact. Once these funds have been spent,
As the obligations of the United States received in the Office of the Director of Treasury Reserve System, they shall be delivered to the Secretary of the Treasury. Appropriate action annuls secretary. Note that all trading instruments other than the United States, and the private commercial paper and financial instruments of other nations, remain under the control of the Board of Governors of the Treasury Reserve System.
The Office of the Comptroller of the Currency is responsible for regulating the Treasury Reserve Banks of the United States. Except for an absolute prohibition of dispersions accounts that do not contain funds continue normal operations. Its exact status is deliberately left as an open question. The Comptroller of the Currency may operate under commercial or current staff can become employees of government contracts. It is contemplated that in some future time, your physical assets and ordinary banking functions could be sold back to the private sector. This option must be kept open.
Reserve banks Treasury of the United States now operate as direct agents of the Treasury. Get the standard gold coin and silver treasure when available. People can change their paper currency for a coin in the published proportions.

Section 7 of Part I compensate the former owners of the private banks of the Federal Reserve for the cancellation of its outstanding share capital. They are paid in credit notes of freshly printed the price fixed by law treasury. Stock not redeemed within 90 days loses its value.
All, both foreign and domestic, held by commercial banks in the nation government bonds are exchanged for cash credit notes, dollar for dollar, with its banks cash reserve district. Ultimately, Treasury Secretary cancel the obligations of the United States. The new law prohibits commercial banks buy or maintain revenue generating instruments of the United States or other nations, effectively eliminating much of its influence on monetary policy.
These actions amount to a direct reduction of public debt, and virtually no cost. To see how this is done, follow the path of money. The Treasury prints new money, exchanging it for the obligations of government revenue generation that has the old Federal Reserve System. When this system is absorbed by the Treasury, recover that money essentially being paid to himself for his own obligations with a small printing cost. Using this money again, the Treasury purchase its generating income obligations that currently have more than ten thousand banks, either as fractional reserve or for their own investment accounts. Treasury Secretary then cancel these obligations of government, eliminating thousands of dollars of government debt.
By limiting the reserves of commercial banks to credit treasury notes, which do not generate direct income, the national economy is not affected greatly. Most credit notes exchanged treasury rest quietly in the vaults of banks as reserves outside the stream of commerce. Because they are not in public circulation, do not raise the price of consumer goods.
The exchange of credit notes treasury for government obligations that generate revenue is remarkably fair. Support prevents banks to taxpayers through the double use of the same funds, first as producers of income for banks and then as expansion base for the monetization of public debt by banks. From now on, commercial banks must make a living through a direct service to the community, not through spending taxpayers.
Similarly, private debt of the American people can be reduced by simply demanding astronomical amounts of capital repayment of secured loans before they start earning bank rate and prohibiting monetization rates composite monetization. These rules only apply to financial institutions that make loans secured on a fractional reserve basis. Such loans are only the monetization of debt the borrower's own, an extension, no bank credit, but the national credit through the bank's license to create money.
Equations current loans based on compound interest:

where:

T = total amount of debt

P = primary; equal to the original investment

i = interest rate interval, expressed as a decimal

n = number of equal intervals

where:

R = amount of periodic payment

L = loan amount

i = interest rate interval, expressed as a decimal

n = number of equal payments

New equations based on a simple loan rate monetization:

where:

Rr = reimbursement rate, $ per $ per month

n = number of equal payments, months

fm = bank monetization rate per month, expressed as a decimal

Cf = cost factor for the loan

L = loan amount

MB = base monthly payment

Cb = base cost for the loan

The application of these rules to outstanding loans immediately reduce private debt of the American people. Reduce the burden of debt service associated with secured loans allows a common working family with a modern lifestyle you can afford. It also ensures that banks comply with a much needed "public purpose" which, as the Supreme Court noted in 1896 was the reason for its creation by the government.
Banks are compensated for this interim rule change in several ways: by a monthly service fee not exceeding $ 25, retroactively and on future loans, and commissions of origin and points on new loans. Total service charges for any converted loan should not exceed 50% of the savings to the borrower for conversion. Discount points are limited to a maximum of 5 percent of the principal loan amount and reduced proportionally as the annualized rate increased rate of monetization. This encourages low rates.

Under these rules, and in the absence of fraud, bank failures and bailouts from taxpayers become something of the past. It will be almost impossible to suffer losses in a secured home loan with principal paid in advance. And, in contrast to the perpetual expansion of compounding interest charges, new equations payment will always converge to zero in any payment plan.Defaults occur only if the borrower fails to make the payments specified in the original contract or set new terms through renegotiation.
The Office of the Comptroller of the Currency is responsible for the daily regulation and normal operation of commercial banks in the nation. With all regular banking operations controlled from this office, the Board of Governors Reserve System Treasury can focus on monetary policy.
Congress imposes several restrictions on all financial institutions operating within the jurisdiction of the United States. To avoid the appearance of impropriety, they can not be granted loans themselves or their directors, major shareholders, officers or employees or members of their immediate families. To reduce public confusion, and the opportunity for mismanagement of funds, accounts must be kept separate record for each type of currency.Conversion of funds between two of the three different types of accounts requires the written consent of the owner.

To avoid legal confusion with dollar bills of credit notes, all these accounts are deposits of general guarantee, fungible accounts that allow banks to return similar properties, and all dollar accounts credit notes demand are accounts in strict custody. Deposits on other accounts in dollars credit notes, such as certificates of deposit, require the depositor is informed and recognize the account.

Contractual status. This helps to avoid confusion with dollar bills credit notes.

All gold and silver accounts are only custody accounts, ownership of these funds remains with the depositor. These accounts do not generate revenue species that can never be used as fractional reserves for credit expansion or as the basis of loans. A financial institution may even impose service fees for maintenance. Checking accounts or checks in gold or silver accounts are strictly prohibited, blocking other means of fraudulent activity.

On the positive side, the gold and silver beads help meet the moral and constitutional obligations of Congress to create a legal monetary system. People who do not wish to participate in a system of fractional reserve money have a clear alternative. If a financial institution fails, the owners of gold and silver accounts receive preferential treatment for recovery of funds. Such accounts may also be useful in international trade.
This bill does not force anyone to use hard currency. A casual glance at the figures and that impractical dream of the "gold bugs" evaporates like dew in the heat of the morning sun. The United States has slightly more than 260 million troy ounces of gold as monetary reserves, about 28 percent of the world total, or about an eagle for every citizen. Sell ​​it at $ 400 per ounce, above the current market price increases only slightly more than $ 100 billion. That amount pays approximately five months of interest on the outstanding debt of the nation.
What about silver? It is true that the US Treasury has more silver than gold, but it is much less.Total world reserve base is approximately 420,000 metric tons. Currency all in silver dollars, nearly 17.5 billion dollars, and sell them at $ 4 each, slightly more than the current market price.The total, $ 70 billion, will not pay the charge for interest on the national debt for four months.
Simply insinuating that the United States intended to sell all their gold and silver at market prices lose its value in the cellar. Mining stocks would plummet. The gold and silver mines would be closed because its operation would not be profitable. It would be much cheaper to exploit the Treasury of the United States.
Monetize all the gold and silver of the nation will not pay any part of the national debt. Illegal bank accounts money will be restrictive, bear no interest and may suffer the insult of maintenance fees. It is highly unlikely that the species back into the general circulation. Much of it remained in the vaults of banks even when the nation had several metal standards. Faced with these difficulties, why bother with a complex system using three types of currency?
Selected a cast of characters and setting, use your imagination and let the work begin. Suppose Congress instructs the Treasury to sell savings bonds gold and silver interests of small denomination and non-transferable to citizens of the United States through their bank accounts.These bonds can be redeemed at 5 to 20 years, interest is paid annually, are calculated in kind but are paid in cash credit notes on the current exchange ratio. Americans may change their paper currency legal money, deposited in a specific bank account and then convert those funds in savings bonds gold or silver with interest.
This immediately creates a tremendous market for the currency circulating gold and silver treasure, most of which never abandons its vaults. The sale of $ 50 billion in par bonds specific to eliminate that amount of paper money in general circulation. Because they are not transferable, bonds never enter the stream of commerce and can not replace the paper currency. Nor they can be used as bank reserves. Due to the expansion factor built into the fractional reserve monetary system, the available currency and credit available in the nation, perhaps $ 500 billion.
At least this movement is markedly deflationary, and probably recessive. Since the total money and credit of the nation is approximately $ 3,000 million, the government would have to increase the money supply before the economy collapsed. Suppose Congress decides to do this redistributing income from bond sales as restricted bank reserves, setting the restricted reserve requirement by 10 percent. State and local governments could borrow funds for infrastructure projects of local banks equivalent to 10 times the amount of the reserve, provided that taxpayers accept new taxes to repay loans.
Everybody wins. The federal government, using bullion now gathering dust in the Treasury, redirects a significant portion of the net national production to rebuild an America in ruins: new roads, bridges and other public facilities such as water supply and waste disposal plants.Bankers earn a fee for handling the transaction. Voters return to the circuit. Proposed projects die without local approval.
And because capital is paid before the monetization rate, low factors debt service on long-term projects maintain the low cost and low taxes.
If this strategy seems vaguely familiar, it should. Jay Cooke recognize it as the flip side of its plan to finance the Civil War. In this case, the government uses its gold and silver to generate thousands of dollars for much needed capital improvements. Intelligent selection of public projects will increase national efficiency and ultimately reduce the nation's debt. Financing technique employed is an adaptation of the plan of Guernsey. It keeps bankers and local voters directly involved where it counts most, their wallets.
Other versions of this general strategy can be applied in international trade. A foreign nation China, Russia, India, South Africa who owns gold and need technological assistance and investment capital for infrastructure projects can be found both in an American corporate partner. Suppose foreign gold is delivered to the US. UU., Coined and deposited into an account of gold. With the approval of Congress, such funds become gold savings bonds, and income are designated as restricted bank reserves for a loan to finance a specific project.
Everyone wins again. The foreign partner gets an infrastructure project: a national communications system, production facilities or transmission of energy, a water treatment plant or sewage, heavy construction equipment, etc., funded with a very low load service debt. An American corporation obtains an important international sales, creating local jobs and reducing the trade deficit of this nation. The bank earns its commission and, after payment of the loan, the gold is returned with interest, or perhaps recycled into a new project.
When conventional solutions fail, consider creative alternatives. Fair treatment work for everyone. Foreign aid projects that benefit the US taxpayer while helping others make sense.

Section 8 of Part I imposes a progressive consumption tax rate monetization or interest income from all financial institutions or persons making commercial loans currency for profit. These provisions increase revenue for the government but also, and perhaps more importantly, discourage excessive burden of debt service. This tax is particularly suitable for those financial institutions that use a license issued by the government to operate a fractional reserve system.

Section 9 of Part I , Congress creates an Index Value Change Credit Note Treasury of the United States. This index, initially set at 100, tracks the exchange value of treasury credit notes. Then, Congress directed the Board of Governors of the Reserve Treasury to adjust the sum of currency and credit of the nation to maintain that value, setting the target range between 97 and 103. These provisions eliminate conflicting objectives monetary policy.
The Board of Governors manages monetary policy through four main regulatory tools: 1) setting the percentage of required reserves of commercial banks; 2) to establish the national interest rate discount, the rate at which commercial banks can borrow funds from their banks cash reserve your district; 3) buying treasury obligations of the United States that generate income on the open market; and 4) and extinguishing confiscating funds within the Treasury Reserve Account or transferring funds from the Treasury Reserve Account to the Treasury of the United States.
To curb some inherent problems fractional reserve systems, NESARA provides new or modified regulatory tools.
One of the most worrisome problems associated with the multiplier factor of the expansion and contraction of credit. A reserve requirement of 5 percent set forth in 20, the reciprocal of the reserve ratio expressed as a decimal (1 divided by 0.05 = 20). Most problems occur during periods of monetary contraction, the Great Depression being a notable example. As decreases the total stock of money in the nation, banks, forced below their reserve requirements, apply for loans. To improve your relationship lending / booking, they can borrow some of their best and most solid customers. Local bankers do not recover the family farm malice. Let heaven forbid them to ride on a tractor to live!
Few people are protesting a significant multiplier factor in monetary expansion, with the economy booming and the money flowing. But on the negative side, good and hardworking people are injured. Unable to repay their loans, break, slowing the economy and worsen a bad situation. Engineers call this nonlinear system and described as operating with a negative factor stability. Ruined by people he calls the system an atrocity.
more charitable attitude blames inadequate design. A uniform set of rules applied despite the condition or result explains much of the problem. To improve the character of fractional reserve systems, change the rules.
Banks falling temporarily below their reserve requirements, particularly when the cause is a sudden change in domestic monetary policy are not necessarily insolvent. Under the rules of NESARA, they are not penalized if they do not make new loans until 90 days after its reserve ratio to recover and if you do not ask for immediate repayment of any outstanding loan that is running within normal limits. A bank is insolvent only when reserves fall below 50 percent.
To improve your relationship booking, a bank can borrow funds from your district Treasury Reserve Bank to the national interest rate discount established by the Board of Governors. Each Reserve Bank treasury district can get these funds from the cash reserve account, that account paying half the interest income earned as commission for its use. This provides a source of income for the Treasury Reserve banks, possibly reducing their fees for other banking services.
A fifty-fifty split of the interest income from the Treasury Reserve Banks and Treasury Reserve Account is arbitrary, since there is no compelling reason for Treasury Reserve Banks pay a commission rate. Other figures in the bill, such as the amount of excise tax imposed on the rate of monetization or interest income and the purpose for Value Index Change Credit Note Treasury range are equally arbitrary . Congress should set the final numbers that studies should be based on computer simulations of the economy.
The Board of Governors may purchase Treasury bonds of the United States that generate income on the open market with Treasury credit notes. Its former authority to sell these obligations vanished with the requirement to transfer all received the Secretary of the Treasury for cancellation. Buy on the open market credit notes adds cash to the economy, increased bank reserves and domestic credit expanded by using the multiplier factor. It also reduces the national debt due to the cancellation process. But under the new rules of NESARA, the Board of Governors can not reverse the process because they can not sell what they have. This prohibits them to increase the national debt, an option that is best left to an elected Congress and its authorized agent,
To compensate for this loss, NESARA gives the Board of Governors a powerful new tool regulation. They can seize and extinguish funds within the Treasury Reserve Account or disburse them in various ways, effectively using the multiplier factor to contract or expand domestic credit.
The Treasury Reserve Account functions as a deposit currency, acting as a buffer during periods of rapid economic change. Part of the proceeds of the tax on domestic sales is diverted to this account, making it a powerful tool for tuning the economy. The control of these funds allows the Board of Governors implementing national monetary policy without the usual abrupt changes in interest rates or reserve requirements for commercial banks.
During periods of national prosperity, a prosperous economy, increasing government revenues and decreasing costs of public support programs, funds that accumulate in the Reserve Account Treasury could be used to remove part of the national debt. Keynesian economists who advocated deficit spending in times of depression, now have the opportunity to test the second half of his theory, using the surpluses to repay debt in times of plenty.

Section 10 of Part I provides a method for eliminating the unfair advantage that banks operate on a fractional reserve have over other financial institutions such as credit unions with limited membership that serve their local communities. NESARA allows them to operate on a restricted basis of fractional reserve, either individually or as an association, to meet certain minimum requirements and obtain a limited bank status. Alternatively, they can achieve the same goal as a partner with an existing bank.

Section 11 of Part I,Congress authorizes new types of money orders according to the three types of standard currency. A distinctive color for each type helps prevent misunderstandings. Because money orders must be purchased in cash, denominated in dollars or silver eagles are issued only in whole units standard currency. The ceilings are set for each money order purchased by type: Silver $ 1,000 10 $ 1,000 eagles and treasury bonds. Regardless of type, the fee for each is one dollar. Note that the term "dollar" without other qualifiers designates a credit note cash currency or its subdivisions or coated metal base. Except in unusual circumstances, any post office in the United States within the jurisdiction of the United States must redeem money orders in the currency designated within three after shipment for collection business days.Examples of reasonable exceptions include "inability to perform" as during catastrophic events (fires, earthquakes, storms, etc.) or in post offices located aboard US ships at sea.

Section 12 of Part I deals with the application of the Act. The intentional violation of its provisions monetary and fiscal responsibility resulting in aggregate losses that exceed $ 5,000 in any period of 12 months is a felony. The fine for each conviction is a fine not exceeding $ 5,000, or a period of imprisonment of not more than 5 years, or both. Each conviction for intentionally falsifying or circulate a silver or gold lower quality than normal generates a fine not exceeding $ 10,000, or a period of imprisonment of not more than 20 years, or both. Although not the death penalty imposed by the Founding Fathers in the Act of 1792 coins, this is definitely enough to get attention.
Other provisions of this section promote public execution. 10 eagles reward is offered for providing information leading to the conviction of one or more individuals in intentional violation of its provisions. Redemption by the Treasury of the United States upon request in any kind of new Silver Certificate US or US Certificate Eagle produced under this legislation is of paramount importance to a moral monetary system. Therefore, Congress mandated that the Treasury will pay a fine of 5 eagles for any failure in this regard.

Section 13 of Part I simply repeals all previous legislation or any part of previous legislation that is inconsistent with the provisions of this part.

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