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Thread: Make Demand At Treasury

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  1. #10
    So the effect of demanding lawful money on reducing the national debt is trivial. The more important feature is the concept of removing your assets from admiralty to common law, and taking it outside the purview of Title 26, thus avoiding the irrecusable obligation to pay income taxes on the excised privilege of dealing in FR credit (which is an admission that you are bankrupt, and are not discharging the debt, merely promising to pay at some future date). By using LM, you are actually discharging your debt, paying in sound money, backed by silver (which has intrinsic value) not tendering elastic currency debt notes, which are promises to pay, not backed by anything but your future labor.
    How can LM - the way it currently manifests - be backed by silver? And how is LM not fractionalized, seeing that it is the resulting trust created by demanding redemption of fractionalized FRNs?
    Last edited by Keith Alan; 04-10-13 at 02:16 PM.

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