Everything will go smoothly I bet. Thanks for letting us know.
Lawful;
Thank you too.
Printable View
(a) In this section?
(1) ?gold clause? means a provision in or related to an obligation alleging to give the obligee a right to require payment in?
(A) gold;
(B) a particular United States coin or currency; or
(C) United States money measured in gold or a particular United States coin or currency.
(2) ?public debt obligation? means a domestic obligation issued or guaranteed by the United States Government to repay money or interest.
(b) The United States Government may not pay out any gold coin. A person lawfully holding United States coins and currency may present the coins and currency to the Secretary of the Treasury for exchange (dollar for dollar) for other United States coins and currency (other than gold and silver coins) that may be lawfully held. The Secretary shall make the exchange under regulations prescribed by the Secretary.
(c)
(1) The Government withdraws its consent given to anyone to assert against the Government, its agencies, or its officers, employees, or agents, a claim?
(A) on a gold clause public debt obligation or interest on the obligation;
(B) for United States coins or currency; or
(C) arising out of the surrender, requisition, seizure, or acquisition of United States coins or currency, gold, or silver involving the effect or validity of a change in the metallic content of the dollar or in a regulation about the value of money.
(2) Paragraph (1) of this subsection does not apply to a proceeding in which no claim is made for payment or credit in an amount greater than the face or nominal value in dollars of public debt obligations or United States coins or currency involved in the proceeding.
(3) Except when consent is not withdrawn under this subsection, an amount appropriated for payment on public debt obligations and for United States coins and currency may be expended only dollar for dollar.
(d)
(1) In this subsection, ?obligation? means any obligation (except United States currency) payable in United States money.
(2) An obligation issued containing a gold clause or governed by a gold clause is discharged on payment (dollar for dollar) in United States coin or currency that is legal tender at the time of payment. This paragraph does not apply to an obligation issued after October 27, 1977.
As food for thought and a sanity check in regards to the above mentioned scenario . . . When one places their demand for Lawful Money of Exchange in all transactions within the cognizance of the federal reserve districts, cities, and their resultant service area member financial institutions who handle their FRN's - wouldn't the regulation below apply in any token interest amounts generated by one keeping a "regular deposit of lawful money as the credit of identical money to account only" on hand and available within one's checking account established at a local financial institution?
Per 31 USC 3124
(a)Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax, except -
(1) a nondiscriminatory franchise tax or another nonproperty tax instead of a franchise tax, imposed on a corporation; and
(2) an estate or inheritance tax.
I have been pondering this over most of the weekend . . .
If one is not among the list of PERSONS who are classified as being:
1. A (federal) State (not a foreign state) chartered corporation who has a nondiscriminatory franchise/non-property tax imposed on it's commercial activities.
2. A U.S. PERSON owning an estate generating token-interest income from a taxable source, or;
3. One who acts in filling the role as a fiduciary for a DECEASED U.S. PERSON's estate presently generating token-interest income from a taxable source.
4. A qualified heir to a deceased U.S. PERSON's estate that benefits from generated token-interest income from a taxable source.
Then wouldn't 31 USC 3124 make any resultant token-interest amounts generated by one's use of Lawful Public Money of Exchange exempt from any extra-Constitutional taxation, as such amounts physically received would originate from an income source not taxable by the federal "United States"? (such interest would be lawful money as well per one's prior Notice and Demand)
Also;
26 CFR 1.312-6(b) "Earnings and Profits" plainly speaks of THREE different types of income:
1) "all income exempted by statute";
2) "income not taxable by the Federal Government under the Constitution";
3) "income which is "includible in gross income under section 61."
And further . . .
"The United States Government is a foreign corporation with respect to a state." [N.Y. v. re Merriam 36 N.E. 505; 141 N.Y. 479; affirmed 16 S.Ct. 1073; 41 L. Ed. 287] [underlines added]
28 U.S.C 3002 (15) (A-C) defines "United States" as
(A) A federal corporation;
(B) an agency, department, commission, board, or other entity of (a federal corporation d.b.a.) the "United States"; or
(C) an instrumentality of (a federal corporation d.b.a.) the "United States".
Thoughts? Suggestions? Counter-points?
Good eye, Rock!
That is very interesting indeed.
Hello David,
I just saw your response.
The check now shows online as being credited to my account.
I also sent out another one a few days ago -- I added "without prejudice" above the signature.
I forgot to make a copy of the front and back like I did for the first one, but I have another one ready to go, with copy already made, when I see that the second one has cleared
I have never credited much to "without prejudice". Especially since you are handling financial instruments. "Without Recourse" makes more sense to me, but I never handle anything but cash so I sign very little.
I don't think so. If you are redeeming lawful money then the obligations are set out by the signatures.