services for cash only, how to convert FRNs to Lawful money?

[David Merrill]

My take is with FRNs you basically have "U.S. Plantation Scrip". Outside of the plantation there is lawful money. Since maybe late 1960s FRNs can double as US Notes. But I figure it depends on the accounting. FRNs are like or are clearinghouse certificates good for credit in the banking clearinghouse system--to knowledge each Federal Reserve Bank is a clearinghouse corporation. However, outside of the Federal Reserve Districts -> lawful money. Redeeming clearinghouse credit is like redeeming a coupon in a sense. Leaving a Casino? You cash your chips right? If you want to money ledgered as lawful money then you redeem it for lawful money.

David Merrill sees a deeper esoteric aspect of redeeming lawful money. In a sense, to keep arms length or better from the speculative, elastic-currency realm of souless corporations you actively redeem clearinghouse certificates intended for Federal Reserve District banking corporations.

Related: Just A Review

So maybe we should review double enrichment and Title 31 USC §3113?

(a) To provide the people of the United States with an opportunity to make gifts to the United States Government to be used to reduce the public debt—

(1) the Secretary of the Treasury may accept for the Government a gift of—

(A) money made only on the condition that it be used to reduce the public debt;