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Thread: Amend The Fed

  1. #11
    If I was to sell a check I would just call it an IOU.

  2. #12
    Let's not leave out the definition of 'person' in that portion of the "Delaware Code":

    For the purposes of this chapter:

    (1) "Person" means any individual, partnership, association, joint stock association or corporation, but does not include the United States government or the government of this State.
    All rights reserved. Without prejudice. No liability assumed. No value assured.

    "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
    "It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2
    Prove all things; hold fast that which is good. Thess. 5:21.

  3. #13
    Quote Originally Posted by allodial View Post
    Let's not leave out the definition of 'person' in that portion of the "Delaware Code":
    Another good point. It seems the governments have a rock solid legal monopoly on the storage, sale, and transmitting of money. It makes me wonder how organizations like Ithaca Hours exist.

  4. #14
    Quote Originally Posted by Keith Alan View Post
    Another good point. It seems the governments have a rock solid legal monopoly on the storage, sale, and transmitting of money.
    Again, it is sovereign prerogative in back of money. Residents of the 50 States of the United States might lack that prerogative apart from a banking license or the like.

    Quote Originally Posted by Keith Alan View Post
    ... It makes me wonder how organizations like Ithaca Hours exist.
    They probably are tapping into a "government exemption". If the City of Ithaca is behind it that could be the case.
    Last edited by allodial; 12-19-13 at 07:59 PM.
    All rights reserved. Without prejudice. No liability assumed. No value assured.

    "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
    "It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2
    Prove all things; hold fast that which is good. Thess. 5:21.

  5. #15
    @Allodial, it seems to me that such 'Sale of Checks' laws are just further adhesion contracts with which to ensnare the unsuspecting, converting them to statutory citizens. A check is just a negotiable instrument instructing the bank to transfer funds to another. The Fed already assumes that issuing such a negotiable instrument constitutes 'dealing in Federal Reserve debt securities' and thus obligates one to filing an income tax return and paying taxes on the private credit used. Or could such laws be intended to somehow impact transactions in bitcoin and related digital currencies?

  6. #16
    Quote Originally Posted by Freed Gerdes View Post
    ... Or could such laws be intended to somehow impact transactions in bitcoin and related digital currencies?
    It is exactly per such laws which they have aimed to prosecute Bitcoin's principals ("Money Service Business", "Sale of Checks", "Money Laundering").

    Related: Today, we are all money transmitters… (no, really!)
    Last edited by allodial; 12-20-13 at 03:31 AM.
    All rights reserved. Without prejudice. No liability assumed. No value assured.

    "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
    "It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2
    Prove all things; hold fast that which is good. Thess. 5:21.

  7. #17
    This is only tangentially related to the topic, but it just occurred to me that the owners of the Fed banks must be taking their profits by demanding lawful money.

    I'm slow sometimes, but I usually get there eventually.

  8. #18
    Quote Originally Posted by Keith Alan View Post
    This is only tangentially related to the topic, but it just occurred to me that the owners of the Fed banks must be taking their profits by demanding lawful money.
    And so is the elected president and the elected members of the congress and the members of incorporated states as well. Congress does "not" write a law they can be held accountable for, there is always a backdoor law for the laws that they don’t want stuck in.

    As far as #4 goes http://savingtosuitorsclub.net/showt...ll=1#post12170

    The U.S. debt to China changes each month, depending on how many Treasury notes the Chinese government buys or sells. In August 2013, China owned $1.268 trillion in U.S. debt. China now owns 23% of the total of $5.59 trillion held by foreign countries. The rest of the more than $17 trillion debt is owned by either the American people, or by the U.S. government itself.
    For more, see Who Owns the U.S. National Debt?.http://useconomy.about.com/od/worlde...t-to-China.htm

    BEIJING, China -- Sources at the United States Embassy in Beijing China have just CONFIRMED that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves. http://www.knowthelies.com/?q=node/3778

    Reserve currency. After World War II, the international financial system was governed by a formal agreement, the Bretton Woods System. Under this system the United States dollar was placed deliberately as the anchor of the system, with the US government guaranteeing other central banks that they could sell their US dollar reserves at a fixed rate for gold.[13]
    European countries and Japan deliberately devalued their currencies against the dollar in order to boost exports and development
    http://en.wikipedia.org/wiki/Reserve_currency

    The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China.
    Read more at http://www.liveleak.com/view?i=0f8_1...QLmyiqghvHD.99

    But on the other hand http://www.snopes.com/politics/business/domain.asp you have this...

    Then this. That’s part of an evolving proposal Beijing has been developing quietly since 2009 to convert more than $1 trillion of U.S debt it owns into equity.

    Under the plan, China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.
    Read more at http://www.wnd.com/2013/01/china-poi...SykUgtybbwc.99

    Like you said David If China was to redeem its debt with the US, what would we do? - Send them a planeload of paper? Sure! Why not? What would they do with it? They would come over here and buy land, groceries, homes etc.

    Not a planeload but a container load. http://www.cscl.com.cn/english/ They would just send back the crap they call legal tender via computer.

    By the way Freed http://savingtosuitorsclub.net/showt...ll=1#post12303 nice article.
    Last edited by Chex; 12-30-13 at 05:36 PM.

  9. #19
    Hello all, I am new to this forum and just found out about lawful money. I'M in need of some help. I had been following the UCC process for years but it had it's flaws. I also read CTC and it has flaws as well. The IRS is garnishing my wages right now can some one give me guidance on how to attack this problem. Your help is greatly appreciated.

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