U.S. Federal Finances: The Law

“William Roper: So, now you give the Devil the benefit of law!
Sir Thomas More: Yes! What would you do? Cut a great road through the law to get
after the Devil?
William Roper: Yes, I’d cut down every law in England to do that!
Sir Thomas More: Oh? And when the last law was down, and the Devil turned ’round
on you, where would you hide, Roper, the laws all being flat? This country is planted
thick with laws, from coast to coast, Man’s laws, not God’s! And if you cut them down,
and you’re just the man to do it, do you really think you could stand upright in the winds
that would blow then? Yes, I’d give the Devil benefit of law, for my own safety’s sake!”
~ From Roger Bolt’s A Man for All Seasons

By Catherine Austin Fitts

Money is a man-made construct. To understand money and its governance and management, it is essential to understand the laws, regulations, and rules that reflect a society’s agreements regarding what it is, who will oversee and implement its monetary and fiscal operations, and how those operations will work.

In one sense, the financial system of currency, bonding, mortgage and bank credit, taxation, and appropriations created and managed by the United States federal government is no different than hopscotch, Monopoly, or Dungeons & Dragons. Before you play, you need to know the rules of the game.

Learning the law related to U.S. federal finances is challenging if you have not gone to law school. To ease the task for citizens, journalists, and investors who appreciate the power and importance of the federal finances and want to understand them, The Solari Report commissioned attorneys Michele Ferri and Jonathan Lurie to prepare briefing papers to summarize the legal infrastructure of the U.S. federal financial system.

These papers are available to the public at constitution.solari.com.

Monetary: Federal Reserve

Fiscal: U.S. Treasury