McCulloch v Maryland

One member here requested I explain why US notes are not taxable, like Federal Reserve notes are.

McCulloch v Maryland 17 U.S. 316.



Thank you for asking. I find it refreshing how you explained the things you do understand, then asked about this crucial foundation. This means that others may be learning correctly too.

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Originally Posted by David Merrill

One member here requested I explain why US notes are not taxable, like Federal Reserve notes are.

McCulloch v Maryland 17 U.S. 316.



Thank you for asking. I find it refreshing how you explained the things you do understand, then asked about this crucial foundation. This means that others may be learning correctly too.

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McCulloch is the first layer laid upon the Constitutional powers in article 1 section 8. It opened the door to the eventual charter of the Federal Reserve system. Other layers added upon this one were The National Banking act, the legal tender cases, and IMO the lynchpin case of Veazie Bank v. Fenno.
All of this came together after 1913 and especially after the SoSo Security act to entrap the citizenry into a system of debt slavery. The first step to escaping is demanding payment of wages in monies issued directly by the treasury. That currently includes Coin and the metaphysical United States Note.

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Originally Posted by Brian

McCulloch is the first layer laid upon the Constitutional powers in article 1 section 8. It opened the door to the eventual charter of the Federal Reserve system. Other layers added upon this one were The National Banking act, the legal tender cases, and IMO the lynchpin case of Veazie Bank v. Fenno.
All of this came together after 1913 and especially after the SoSo Security act to entrap the citizenry into a system of debt slavery. The first step to escaping is demanding payment of wages in monies issued directly by the treasury. That currently includes Coin and the metaphysical United States Note.

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Thank you Brian;

I have always thought that Canada played an important role of shock testing. Notice carefully Footnote 4. See how with US notes there is no reserve banking? - While it appears that the Canadian Parliament "accidentally" went into that criminal syndicalism of elastic currency/false balances with the Central Dominion Notes for a few decades while Congress observed and the American central bankers figured how to get it into place, making it appear legit.