Chase v USA IRS Treasury

[David Merrill]

I describe lawful money as bonded currency. I don't have any experience with the mortgage process but imagine the clause to assure that the homeowner pays off the bank only in money earned by labor of goods and services. Sweat of the brow rather than redeeming credit by a coupon/remittance redemption process. The bank is offering no consideration on the loan in other words.


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The Minnesota Supreme Court (Bar Association) went through gyrations to discredit the Credit River Decision and disbar DALY and (maybe even kill) MAHONEY while Jerome DALY lived a couple more decades in his "foreclosed on" home. A lawful money clause might be the result.

Speaking simply then any FRNs cash you have in your wallet is lawful money, the question is whether or not you endorsed it or redeemed lawful money when you cashed your paycheck. Either way, demanding lawful money instead of private credit assures the mortgager that you went out and worked for what you tender in payments back to the bank for living in their home.

I am viewing this suit as like suing a gambling casino. Do you see the way BBC World News followed with a gambling scenario interviewing people in Las Vegas? - Maybe shock testing in the Silent Weapons sense? The attorneys are bartering a reality check before the USA will even file to see how it goes. Fannie and Freddie gambled that people would be able to stay paying the mortgages while the bankers controlled the value of the house chips and were gambling they could make people foreclose. Another item is that Las Vegas, the housing market is faltering in a new dreadful way - the banks are not keeping up their empty homes. The good side is that people in a city known for nobody talking (they stay inside while at home in the air conditioning) are getting together and mowing weeds and otherwise keeping up the empty houses...

In other words I am watching and still do not find the actual "countersuit" USA v Major Banks. It may never actually show up. If you lose your money gambling, you usually get no refund by law suit.