Hi David,fellow redeemers
It has been awhile since i tried to deal with that ticket problem which was a learning experience for me.
Anyway, I have opened a bank account with a novation for redeemed money(which has had me engaged with several conversations with the VP of the bank directly lol). I have already made a novation for lawful money redemption on my W4 and paychex direct deposit form so the whole bank thing is a non issue really. What is really more interesting is that last night I tried to make an online car payment to Santander Consumer USA with my lawful money account debit card and immediately got bounced out to the loging screen. I was somewhat bemused but figured it might have been a browser error and figured I would try again this morning and this what I got:
I became really curious at the reference to 12 CFR 205 Regulation E so I decided to look it up
and there it is right at the bottom. Congratulations Mr Merrill I think your theory about us as individuals being considered banks by the fed is spot on.
What Im wondering about now is (and I know this is something you have posted on extensively) about the intrinsic value of redeemed notes for which all intent and purpose are now considered United States Notes. I have a gut feeling that they haven't pegged the value to the FRN because that would constitute a breach of the public trust in the governments duty to provide lawful money per the consitution. I don't think they want to go there. Anyway my point is I wonder if the United States Dollar[Note] is pegged to the enumerated quantity of gold or silver the Constitution defines as a dollar and how much it would take to pay this loan off in this denomination. All comments and thoughts are most welcome my brothers : )
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