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Thread: A regular deposit of lawful money.

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  1. #1
    Anthony Joseph,

    I see nothing in ‘their’ codes or statutes that support what you are saying. What you are projecting requires one to stretch one’s imagination and believe you. This one will not cast off one image to merely accept another. Please show in ‘their’ codes and statutes support for your claim.

    Here is what this one sees:

    Title 12 § 411

    Federal reserve notes, to be issued at the discretion of the Board
    of Governors of the Federal Reserve System for the purpose of making
    advances to
    Federal reserve banks through the Federal reserve agents as
    hereinafter set forth and for no other purpose,
    are authorized. The said
    notes
    shall be obligations of the United States and shall be receivable
    by all national and member banks and Federal reserve banks and for all
    taxes, customs, and other public dues
    . They shall be redeemed in lawful
    money on demand at the Treasury Department of the United States, in the
    city of Washington, District of Columbia, or at any Federal Reserve
    bank.


    This one sees that they are to be issued to Federal reserve banks through Federal reserve agents.

    This one sees Federal reserve notes shall be received by national banks, member banks, and Federal reserve banks.

    What this one does not see is the words everyone, every person, natural person, or US citizen.

    This one does not see the words public debt, private debt, or even just debt.

    Now from Title 31 § 5103:

    Sec. 5103. Legal tender

    United States coins and currency (including Federal reserve notes
    and circulating notes of Federal reserve banks and national banks) are
    legal tender for all debts, public charges, taxes, and dues.
    Foreign
    gold or silver coins are not legal tender for debts.

    The phrase (including Federal reserve notes and circulating notes of Federal reserve banks and national banks), is a parenthetical. A Parenthetical is extraneous matter and incidental to the main subject matter. A parenthetical is de-emphasized and can be removed without affecting the main subject matter. This is from Bryan Garner’s Redbook. Thus only U.S. coins and currency are declared as legal tender for all debts, public charges, taxes, and dues.


    RThomas

  2. #2
    Anthony Joseph
    Guest
    Quote Originally Posted by RThomas View Post
    Anthony Joseph,

    I see nothing in ‘their’ codes or statutes that support what you are saying. What you are projecting requires one to stretch one’s imagination and believe you. This one will not cast off one image to merely accept another. Please show in ‘their’ codes and statutes support for your claim.

    Here is what this one sees:

    Title 12 § 411

    Federal reserve notes, to be issued at the discretion of the Board
    of Governors of the Federal Reserve System for the purpose of making
    advances to Federal reserve banks through the Federal reserve agents as
    hereinafter set forth and for no other purpose, are authorized. The said
    notes shall be obligations of the United States and shall be receivable
    by all national and member banks and Federal reserve banks and for all
    taxes, customs, and other public dues. They shall be redeemed in lawful
    money on demand at the Treasury Department of the United States, in the
    city of Washington, District of Columbia, or at any Federal Reserve
    bank.


    This one sees that they are to be issued to Federal reserve banks through Federal reserve agents.

    This one sees Federal reserve notes shall be received by national banks, member banks, and Federal reserve banks.

    What this one does not see is the words everyone, every person, natural person, or US citizen.

    This one does not see the words public debt, private debt, or even just debt.

    Now from Title 31 § 5103:

    Sec. 5103. Legal tender

    United States coins and currency (including Federal reserve notes
    and circulating notes of Federal reserve banks and national banks) are
    legal tender for all debts, public charges, taxes, and dues. Foreign
    gold or silver coins are not legal tender for debts.

    The phrase (including Federal reserve notes and circulating notes of Federal reserve banks and national banks), is a parenthetical. A Parenthetical is extraneous matter and incidental to the main subject matter. A parenthetical is de-emphasized and can be removed without affecting the main subject matter. This is from Bryan Garner’s Redbook. Thus only U.S. coins and currency are declared as legal tender for all debts, public charges, taxes, and dues.


    RThomas
    Please explain then what you determine the line: "They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank" means to you.

  3. #3
    Quote Originally Posted by Anthony Joseph View Post
    Please explain then what you determine the line: "They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank" means to you.
    To this one it means absolutely nothing. This one sees it as irrelevant. This one is not a Federal reserve bank, a member of the Federal reserve system, or a Federal reserve agent. This one is questioning how these entities can get away with using Federal reserve notes beyond the purpose as clearly stated and finalized with “and for no other purpose.” Can you show where in 12 § 411 or elsewhere in the code that there is any statement that this section applies to this one or an average Joe Sixpack?

    Thank you for your time.

    RThomas

  4. #4
    Anthony Joseph
    Guest
    Quote Originally Posted by RThomas View Post
    To this one it means absolutely nothing. This one sees it as irrelevant. This one is not a Federal reserve bank, a member of the Federal reserve system, or a Federal reserve agent. This one is questioning how these entities can get away with using Federal reserve notes beyond the purpose as clearly stated and finalized with “and for no other purpose.” Can you show where in 12 § 411 or elsewhere in the code that there is any statement that this section applies to this one or an average Joe Sixpack?

    Thank you for your time.

    RThomas
    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.

    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.

  5. #5
    Quote Originally Posted by Anthony Joseph View Post
    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.

    This one sees lawful money as specie or whatever this one accepts as having value in this one’s mind; a note that contains a first and paramount lien cannot be lawful money to this one.
    Where in the act does it state that such act applies to a Joe Sixpack or that this use is authorized? This one has shown that it clearly does not. Thus it was not written to be Joe Sixpack’s remedy. Joe Sixpack’s remedy is not to accept them at all as any Fed. Bank cannot legally issue them to Joe Sixpack and he is not bound to receive them (i.e. “shall receive”). This is not an authorized ‘purpose’ by ‘their’ words. No ‘beliefs’ are needed to see this.



    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.

    It is in there as remedy for the member ‘banks’ who ‘shall receive’ FRNs. There is no authority in 12 § 411 to ‘issue’ a debt note to substitute as payment (See: novation in Bouvier’s; especially #6) to a private Joe Sixpack. There is no requirement that Joe Sixpack ‘shall receive’ FRNs as payment for the member bank’s debt to him. Can point out where the word ‘debt’ is in this code? This one does not allow this one’s mind to be misdirected from the plain language and stated purpose of the act as stated in the code.

    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.

    Please post the language in the act you speak of and also show that the clear statements in the above code are incorrect as opposed to the language in the act.
    By ‘their’ words being a member bank requires applying for, subscribing to, buying stock in, and acceptance from the Board of Governors (See: 12 § 321; 12 § 222). Did you do any of these things to become a member bank? Where do you find that cashing a check or depositing a check magically turns one into a Fed bank? By ‘their’ words a Federal reserve agent is one who is designated as such by the Board of Governors (see: 12 § 305). Were you designated as a Federal reserve agent?


    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.

    It absolutely does apply, but not to Joe Sixpack or this one. It applies to Federal reserve banks/agents and member banks. It clearly states the authorized purpose and use of Federal reserve notes within the Federal reserve system. This one and Joe Sixpack are not by ‘their’ words a part of this system. The questions should be is a member bank's issuance to and Joe Sixpacks use of FRNs an authorized purpose?

    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.

    If one does not want to be under the ‘PRIVATE’ law of the Federal reserve system, than why would one claim rights from it? The rest appears to this one as mere opinion, please show where they declared by their acts and codes that Federal reserve notes serve a dual purpose. The only purpose this one sees is the clearly limited purpose stated in 12 § 411.

    There must be a choice, and a remedy available, when such a system is as imposing and all-encompassing as the Federal Reserve is.

    This one appreciates the time you have taken to post. Your post would have been more fruitful to this one if it contained direct answers to the prior posted questions. As you can see this one has brought forward more questions from your last post. This one has provided ‘their’ words in support of what this one sees. As one should know, if one cannot answer simple direct questions than one will not be able to show any validity to that one’s claims.
    RThomas ****

  6. #6
    Here is more that this one sees:

    TITLE 12--BANKS AND BANKING

    CHAPTER 1--THE COMPTROLLER OF THE CURRENCY


    Sec. 1. Office of Comptroller of the Currency

    There shall be in the Department of the Treasury a bureau charged
    with the execution of all laws passed by Congress relating to the issue

    [[Page 2]]

    and regulation of a national currency secured by United States bonds
    and, under the general supervision of the Board of Governors of the
    Federal Reserve System, of all Federal Reserve notes
    , except for the
    cancellation and destruction, and accounting with respect to such
    cancellation and destruction, of Federal Reserve notes unfit for
    circulation, the chief officer of which bureau shall be called the
    Comptroller of the Currency, and shall perform his duties under the
    general directions of the Secretary of the Treasury. The Comptroller of
    the Currency shall have the same authority over matters within the
    jurisdiction of the Comptroller as the Director of the Office of Thrift
    Supervision has over matters within the Director's jurisdiction under
    section 1462a(b)(3) of this title. The Secretary of the Treasury may not
    delay or prevent the issuance of any rule or the promulgation of any
    regulation by the Comptroller of the Currency.

    This one sees the above as stating that ‘their’ national currency is under the direct enforcement of regulations by a bureau of ‘their’ ‘Department of the Treasury.’

    This one sees the above as stating that ‘their’ federal reserve notes are under the same such bureau but, also under the ‘general’ supervision of ‘their’ Federal reserve system’s ‘Board of Governors.’

    Thus, ‘their’ national currency and ‘their’ federal reserve notes are not deemed by ‘them’ to be the same. The enforcement for each falls under different supervision. The only logical conclusion this one can see is that Federal reserve notes are not considered by ‘them’ to be a national currency.

    RThomas
    Last edited by RThomas; 09-09-11 at 05:34 AM.

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