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Thread: A regular deposit of lawful money.

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  1. #10
    Quote Originally Posted by Rock Anthony View Post
    At the end of the day, I received Obligations of the UNITED STATES and not Obligations of ROCK JOHNSON.

    The point is, regardless of what I've received, I haven't bonded myself to credit. The UNITED STATES has already done that, so I choose to leave the obligation with the US.
    Rock Anthony,

    Sec. 411. Issuance to reserve banks; nature of obligation;
    redemption

    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.

    What you say you accepted is already declared by them as obligations of such ‘United States.’ What precisely does your endorsement accomplish ‘at the end of the day’ if you still accept their note of a debt to them (See : Their USC 12 § 414)? If Rock Anthony is not one with such ‘United States,’ then why is Rock Anthony, 'at the end of the day,' accepting any debt obligation of such ‘United States?’

    If such ‘United States’ has, as you say, already bonded you to credit (this one notes that you do not specify whose credit you say you are being held to and by whose law), then are you saying they also have power and authority to bind you to debt?

    RThomas
    Last edited by RThomas; 09-05-11 at 10:08 AM.

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