Results 21 to 30 of 52

Thread: Very interesting development regarding online payment from lawful money account

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #11
    Senior Member Michael Joseph's Avatar
    Join Date
    Mar 2011
    Location
    peaceful inhabitant on the Earth
    Posts
    1,596
    Quote Originally Posted by David Merrill View Post
    USA v. Thomas 319 F.3d 640

    Paper currency, in the form of the Federal Reserve Note, is defined as an “obligation[ ] of the United States” that may be “redeemed in lawful money on demand.” 12 U.S.C. § 411 (2002). These bills are not “money” per se...
    The last part of that quote from USA v. Luther THOMAS is interesting. See the distinction FRNS are not Money. So then 12USC411 makes it clear they can be Redeemed ON DEMAND in Lawful MONEY. So the operation of Law requires a CHOICE.

    Balaam cannot curse you. You can submit to Tribute or you can choose to make a Demand. In you lies the Redemption of the Debt. Has to be because as an operation of law the Redemption requires a Demand be it Oral or Expressly written. If I was engaged in banking I would prefer the latter, then there are no presumptions to overcome. However, the Right to issue FRNS is in the Federal Reserve Board by way of Contract with the Congress; the Obligation for said Notes lies within the United States by formal agreement codified at Title 12 USC 411. Or if you desire the Congressional Record which is THE UNITED STATES OF AMERICA in Congress Assembled - Reference the Federal Reserve Act.
    Last edited by Michael Joseph; 02-18-13 at 10:02 PM.
    The blessing is in the hand of the doer. Faith absent deeds is dead.

    Lawful Money Trust Website

    Divine Mind Community Call - Sundays 8pm EST

    ONE man or woman can make a difference!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •