Originally Posted by
martin earl
"Because of this link from the SF fed bank. Scroll to bottom and under did you know to read the second bullet:
More than half of a dollar bill is considered legal tender, and only the front of a dollar bill is valuable. If you could separate the front of a bill from the back, only the front half would be considered "money."
You are missing one important nuance of the above statement:
More than half of a dollar bill is considered legal tender, and only the front of a dollar bill is valuable.
Those are 2 separate statements.
1."More than half of a dollar bill is considered legal tender".
2. "Only the front of a dollar bill is considered valuable."
If you will look more closely at any bill larger than the 1, you will find there are 2 notes, separated by a curved line and/or artistic curved lines, but there is always a solid line between the left side and the right side of the bill.
The left side NOTE (50%) is the FRN, all the lettering and the seal and the "THIS NOTE IS LEGAL TENDER...."
There is nothing on FRN side of the note that crosses the line to the NOTE on the right side, which is clearly titled "THE UNITED STATES OF AMERICA" has the Treasury seal and nothing about it being legal tender. The serial numbers match, but even they are separate registration numbers, one for the FED books, the other for the Treasury.
Notice the above quote is for "A" dollar bill. That definition does not speak for anything but the 1 dollar bill. Certainly nobody would agree "A DOLLAR BILL" is the same thing, legally or lawfully as "A 5 (five) DOLLAR BILL".
Now, compare again the 1 dollar bill to any other, the 1 is unique in that only it has no physical separation of Notes (boxes) from left side to right side.
I would be very careful about defacing the Federal Reserve NOTE (which only is the NOTE in the box to the left) in any way. Or the face of any 1 dollar FRN.
However, the US Treasury Note on the right of the FACE is already properly TITLED as what it is (Again, for everything above the 1 dollar denomination) and does not even need the "Redeemed Lawful money stamp".
Maybe since there is a 1 dollar coin already available, there was no need to have 2 separate Notes on the 1 dollar note, it is easy enough to redeem in coin?
Also, make no mistake, the Treasury Note is still on the right side of the face is still FIAT (not gold backed) UNTIL our demand for redemption per 12-USC 411. (If that were not true, the serial number on the US Note would be RED in color, not green) and there would be no way of knowing which of the 2 NOTES was being endorsed/used in any transaction.
After all, 300 million is still the max lawful amount of money mandated to be in circulation any given year. That is also the amount of GREENBACKS (the first FIAT national currency) that were backed by Gold in the 1800's.
Nearly all of those greenbacks were redeemed in Gold coin at Banks and were not seized again until FDR and the Gold seizure of 33/34, and then, US BANK NOTES (RED SEALS AND SERIAL NUMBERS) were issued, in that amount, and the people could take their FRN to any bank and redeem them for US BANK NOTES dollar for dollar.
I believe that gold coin, in that amount, is what "backs" our demand for redemption, since the FRN of today serves 'essentially the same purpose' as the US BANK NOTES did. (Still FIAT, but backed by Gold).
The design of the FRN was changed to include an UN-REDEEMED US Treasury NOTE and put in its own box on the Right side of the note for every denomination above the 1 DOLLAR FRN.
I believe the LAW is being fulfilled, as that is a requirement and function of law. By law, there must be 300 million Gold backed Publicly accessible "dollars".
Those Gold coins can be traced back to the 300 million in gold coins redeemed and then seized in the past and now held in Public Trust by the United States Treasury and your and use of those US Treasury Notes on the right side of the face is actually what NOTE you are using to conduct your private and public transactions.
That is how they (the Government agents) allow us and them to uphold the requirements of the law and still provide for the general welfare of the US Citizen. It is only by our endorsement and demand can they know which side of the LAW we are standing on and that dictates how they treat us, as Subjects or men and women with unalienable rights and lawful protections.
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