Just A Review

[Jaro]

It's real simple, FRNs represent loan/credit that Congress borrowed from FedRes. Which is why they don't pay off debts, only discharge them, and make you liable for that loan, i.e. liable for interest payments, in form of income and sales taxation. In other words, FRNs are only PROMISES to pay.

Lawful money on the other hand are real money, meaning they have an intristic value, so they PAY OFF debts, so they don't come with any liability. The 'lawful' part simply means that this money is MINTED and their weight regulated by the gov't.

The problem is that in 1933, the federal gov't went partially bankrupt by demonetizing gold, and in 1972 it went completely bankrupt by demonetizing silver, so they have no lawful money to give you. That's also why they took US Notes out of circulation, since they were LM redeemable in silver until 1972. And since they no longer are redeemable in anything of value, they're not really lawful money. Now we could pretend that they're LM, but since we can pretend that redeemd FRNs are LM, there's really no need for US Notes. They're not lawful money, and any pretending can be done with FRNs as well.

But we still can demand redemption of FRNs in LM, which makes us AS IF we had lawful money, i.e. makes us entitled to have our debts PAID OFF and not just discharged, even though no one has any real money. But as men we're entitled to real money for real work, and not settle on promises to pay, although most do settle.