demand lawful money in canada
@ David Merrill, I thank you for your research, and everyone in this forum for that matter.
This is my first post here, but I've been studying the redemption of lawful money for some time.
Can Canadians, individually, demand lawful money by using a restricted endorsement and request a special deposit?
Who can rebut that transaction-based demand? And by what authority?
"Only a revolution in the mind of the individual is needed to accomplish the greatest stroke for freedom of all time.
It is a remarkable fact that no constitution of any state, nor any declaration of human rights, has ever proclaimed the right of freedom of money issue. Yet this right is inseparable from the right of bargain or exchange, which is the very foundation of liberty. Man's ignorance of the laws of money has blinded him to the
very touchstone of freedom. You are indeed sovereign, if you but realize that your money power is your sovereign power. You need no political laws to liberate your power for prosperity and peace; you are the master of your fate by natural law, if you but discover that law. As you scan the world scene with all its miseries, its drab outlook, the discouraging prospect of a solution for humanity's problems by political means, and the remoteness from you of the capitols through which promised salvation is desperately hoped for,you are saddened by a sense of frustration. But if you realize that the citadel of power is your own home and that yours is the majesty and sovereignty, sadness will be dispelled by gladness. To bring this transformation, you must comprehend the power of money and that you are the money power."
~ E.C. Riegel, monetary theorist
The New Approach to Freedom 1949"
PS: I found this paper on the bank of Canada website. I think y'all will find it very interesting and will light the goods I found.
(1) United States Notes are a non-interest bearing currency. That during the Civil War, Greenbacks were issued as non-interest bearing United States Notes and were designated as lawful money. At that time National Bank Notes, which also circulate as currency at that time, could be redeemed for Greenbacks. Greenbacks were the primary governmentally-issued media of exchange in the country at that time, but were not redeemable in gold or silver. Greenbacks and gold circulated at a floating exchange rate against each other.
(2) The U.S. treasury is responsible for the redemption of lawful money. Under the National Bank Act, the U.S. Treasurer was authorized to cancel an amount of bonds pledged by a national bank whose notes were being redeemed for lawful money by the U.S. treasury.
(3) "The First part of the mechanism that led to national bank notes being a uniform currency is they were redeemable in lawful money on demand at the issuing bank at their face value."..."national bank notes would have been a uniform currency if they had not been redeemable on demand in lawful money."
http://www.bankofcanada.ca/wp-conten...1/wp2015-3.pdf -