money transmitting business?

[lorne]

Interesting hypothetical. Accepting US notes in one hand and dispensing bitcoin with the other. Exchanging public money for a digital commodity, neither of which is a Federal Reserve currency.

Marcel, you seem to be suggesting STETKIW could have avoided the charge of operating an unlicensed money transmitting business by avoiding Federal Reserve currency?

[marcel]

Oh Amway is definitely MLM. And I don't like either one however I do like bitcoin.

Marcel, you seem to be suggesting STETKIW could have avoided the charge of operating an unlicensed money transmitting business by avoiding Federal Reserve currency?

Yes. It could be much like the federal income tax, an excise due on Fed income but you can't discover it from reading the tax code, the statutes alone. It's hidden. You needs keys, a larger perspective and some awareness of the history of money.

Say you were trading silver in one hand for lawful money in the other. Is that a "money transmitting business"? I'm sure the bankers would say so. They need control, to keep everyone using the privileged central bank currency and lockdown all avenues of escape with licenses and rules. Do you need a license to trade, to buy and sell? No, that is your right - unless you're using a privileged currency - FRNs. In the course of STETKIW's business he likely used FRNs, banks and electronic funds transfers, etc. unaware of the nexus. And that requires a license.

Its a mind game to make you think a license is needed to trade money. You don't unless it's their money.
The title of the article is wrong. He wasn't charged because bitcoin is money - they got him for using FED money without a license. Just my opinion.

[David Merrill]

Oh Amway is definitely MLM. And I don't like either one however I do like bitcoin.


Yes. It could be much like the federal income tax, an excise due on Fed income but you can't discover it from reading the tax code, the statutes alone. It's hidden. You needs keys, a larger perspective and some awareness of the history of money.

Say you were trading silver in one hand for lawful money in the other. Is that a "money transmitting business"? I'm sure the bankers would say so. They need control, to keep everyone using the privileged central bank currency and lockdown all avenues of escape with licenses and rules. Do you need a license to trade, to buy and sell? No, that is your right - unless you're using a privileged currency - FRNs. In the course of STETKIW's business he likely used FRNs, banks and electronic funds transfers, etc. unaware of the nexus. And that requires a license.

Its a mind game to make you think a license is needed to trade money. You don't unless it's their money.
The title of the article is wrong. He wasn't charged because bitcoin is money - they got him for using FED money without a license. Just my opinion.

Seeing that in the example makes me proud of my career, that I ventured out of the realm of debt/death/doubt, guilt and fear on the pain of war.

The Stem of Jesse, as Judah was doomed by the blatant incest. This, it turns out is why David was such an outcast. The magic of "Hello Eli" comes forth as genetic engineering. With what the ancient Mesopotamians were doing with astronomy it should be no surprise that they mastered the dihybrid cross! Recall how Samuel was raised under the influence of the QETORET - his entire childhood spent inside the Tabernacle. The JESSE clan tried to hide David as NEPHALIM from Samuel, remember?

This is an interesting study about Kings of Israel indeed. More to come...