Lawful money, as I understand it, is non-self-bonding currency. The line, in my opinion, is the required remedy from the entire FED Act, and subsequent code, written in as the culpability dodge from enslaving a population via debt; those who facilitate the system can always point to the remedy if ever any charges of crimes are brought against them.Originally Posted by RThomas
The line cannot be "irrelevant" or "nothing", as you put it, or why put it in at all? The "and for no other purpose" line is accurate when one signature bonds one's self to the credit or currency; essentially anyone who signature endorses is a FED Bank and subject to all the rules and regulations thereof.
Section 16 of the 1913 FED Act explains that one has the right of choice to NOT be a FED Bank and to NOT bond one's self as chattel behind the priavte credit of the FED by demanding lawful money instead. The demand, when properly formed on and for the record, is all that is required by law to avoid the obligations and liabilities of the private credit and currency of the Federal Reserve.
The section does not apply to you, or an average Joe Sixpack, unless the privilege of using private credit is initiated. Signature endorsment (self-bonding) is the act that initiates. If one handles and uses FRN paper without such self-bonding endorsment, then the only line that applies is the written-in remedy FROM THE ACT:
"They shall be redeemed in lawful money on demand..."
The rest does not apply at all.
The paper one holds then IS lawful money which is PUBLIC money and not subject to the PRIVATE law of the Federal Reserve system. There are two distinct seals and two signatures on every FRN which denotes the dual nature of the paper; it can serve as private FED currency or it can serve as public lawful money. The one holding and using it has the power to decide which role and character it will play.
There must be a choice, and a remedy available, when such a system is as imposing and all-encompassing as the Federal Reserve is.
Reply With Quote