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Thread: Remedy - lawful money solution

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  1. #1
    I haven't looked into this IRS return thing, or rather, haven't found good standing for it yet, though if it has merit I would like to integrate it with coin, personally. If there is some actual consequence by endorsing a check on the back with 12 U.S. Code § 411 I would use it but I haven't got the "aha!" idea of it. A check transfers money from one place to another, typically from a person to person. Generally my understanding is that endorsement on back of check with signature is to prevent fraud, sets terms of deposit and is most applicable when check is used at different institutions. By putting 12 U.S. Code § 411 on a check and demanding lawful money is like saying I want FRNs which is lawful money and doesn't convert it physically or virtually within a digital account. I take that statute at face value, to redeem for treasury backed currency. FRN is obligation of US Government to Federal Reserve you cannot word this away, coin is obligation of US Government, essentially credit and on good faith. I'm supposed to believe by placing on a check or stamping 12 U.S. Code § 411 on a FRN reverses the liability of that note' existence to the treasury and myself, says who and where? Do you really think the NO AUDIT FED is going to even recognize that? I see using 12 U.S. Code § 411 on a check or note is trying to do what coin already is and does; comes from US treasury, is not produced by FED, reverses government liability to FED. Otherwise seems like its a lazy way of not using coin, trying to have large denomination paper money and trying to keep money in a bank account, but these benefits are not available because the FED is in power by demand "use" of its currency. Why keep money in the thieves house? Desist! I looked around a bit on this forum, I don't get it, most others don't either. All I get is stop participating for the FED, redeem FED notes for treasury coin, don't keep your money in the bank, the end. Use bank to coin a check and redeem FRN for Coin. $1 coins are as good as it gets...for now.

  2. #2
    Quote Originally Posted by NONOFED View Post
    I haven't looked into this IRS return thing, or rather, haven't found good standing for it yet, though if it has merit I would like to integrate it with coin, personally.
    Start here to integrate coins.

    Coins
    The Board's role in coin operations is more limited
    than its role in cash operations,
    as the United States Mint is the issuing authority for coins.

    Reserve Banks distribute new and circulated coin to depository institutions to meet the public's demand, and take as deposits coin that exceeds the public's needs. http://www.federalreserve.gov/faqs/currency_12626.htm

    06/20/14 Tom Jurkowsky, director of the U.S. Mint's Office of Corporate Communications, said via email June 18 that

    "the statutory authority for us to produce gold Kennedy half dollars is 31 U.S.C. § 5112(i)(4)(C)."

    The United States Code citation reads: "(C) The Secretary may continue to mint and issue coins in accordance with the specifications contained in paragraphs (7), (8), (9), and (10) of subsection (a) and paragraph

    (1)(A) of this subsection at the same time the Secretary is minting and issuing other bullion and proof gold coins under this subsection in accordance with such program procedures and coin specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary’s discretion, may prescribe from time to time."

    31 U.S.C. § 5112 can be found here.
    Last edited by Chex; 02-22-15 at 03:49 PM.
    "And if I could I surely would Stand on the rock that Moses stood"

  3. #3
    By using Federal Reserve Notes you are devaluing the USD. Coins used to be made of more valuable metals but since the money is devalued so much they replace it with cheaper metals, for instance all coins would become zinc. However if you abandon Federal Reserve Notes and use Coins you will make the dollar more valuable, reverse national debt, and will eventually lead to more valuable metals consisting in the coins, your essentially reversing the process that has been playing out for the past 100 years.

    Banks started by storing your valuable coins in the bank, they would give you a note to redeem for your coins, they then figured they can issue many slips and then eventually they didn't have enough coins to pay you and this would constitute a bank run and bankruptcy. Today they still do the same thing, they give Federal Reserve Notes which are to be redeemed in coin. Take your notes to the bank and redeem them for what is yours, stop passing around I Owe You notes. Go to a bank with few tens of thousands, maybe even a few thousand, and redeem for coins, this would capsize many banks branches; they can't support it.

    Rally people together and demand what is yours. Make a statement to these banks, publicize it.

    Do not keep your money in the bank except within a safe box or in your own safe box at home. Stop using Fed note IOUs and get paid what is yours in coin and use those on a daily basis.
    Last edited by NONOFED; 02-23-15 at 12:53 PM.

  4. #4
    Senior Member Brian's Avatar
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    Quote Originally Posted by NONOFED View Post
    By using Federal Reserve Notes you are devaluing the USD. Coins used to be made of more valuable metals but since the money is devalued so much they replace it with cheaper metals, for instance all coins would become zinc. However if you abandon Federal Reserve Notes and use Coins you will make the dollar more valuable, reverse national debt, and will eventually lead to more valuable metals consisting in the coins, your essentially reversing the process that has been playing out for the past 100 years.

    Banks started by storing your valuable coins in the bank, they would give you a note to redeem for your coins, they then figured they can issue many slips and then eventually they didn't have enough coins to pay you and this would constitute a bank run and bankruptcy. Today they still do the same thing, they give Federal Reserve Notes which are to be redeemed in coin. Take your notes to the bank and redeem them for what is yours, stop passing around I Owe You notes. A few tens of thousands, if that, would capsize many banks branches.

    Do not keep your money in the bank except within a safe box or in your own safe box at home. Stop using Fed note IOUs and get paid what is yours in coin and use those on a daily basis.

    Gather people together and demand what is yours. Make a statement to these banks.
    Yes! Exactly! We cannot go back to gold and silver unless we #1 Do what NOFED is saying and walk back the debt in slow and methodical way like he suggests. Just like how we lost gold and silver in coins over 100 years. Gold being the first casualty and silver the next. It took 20 years to kill off gold coin and another 30 years to kill off silver coins. It will take a similar time to reverse the process. OR we can #2: default on the debt and revalue everything and reintroduce gold and silver coin and start the process again as we will have learned nothing! The bankers will play the same game plan again. and again...and again....

  5. #5
    Quote Originally Posted by Brian View Post
    It took 20 years to kill off gold coin and another 30 years to kill off silver coins.
    Do you have more detailed information on this specifically? As for the gold, I am under impression gold was really just "stolen" (may it exist) and was not affected by devaluation.

  6. #6

    The printing press runs on forever

    Quote Originally Posted by NONOFED View Post
    Do you have more detailed information on this specifically? As for the gold, I am under impression gold was really just "stolen" (may it exist) and was not affected by devaluation.
    Name:  image003.jpg
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    From

    The Paper Hangers Thomas Jefferson said, “Commerce and industry cannot be secure when suspended on the Daedalian wings of paper money”


    McDonald was the ONLY member of a 36 member American delegation heading for South Korea for the 30th anniversary of the U.S. Korea Mutual Defense Pact flying on a separate airliner; the State Department played an overriding role in screening and travel arrangements. Pilgrims Society member George P. Shultz, Treasury Secretary, 1972-1974, who played a role in precious metals price suppression, was Secretary of State, 1982-1989 and a Trilateralist . http://gold-silver.us/forum/showthre...STEALERS/page4

    Charles Savoie wrote this extremely long essay (77,000+ words), "The Silver Stealers", about the Pilgrims Society and their past attacks on gold and silver money and ownership. He gives a partial list of specific identified Pilgrims Society members involved over the years, acting to suppress gold and silver as money and against the commodity prices of each, and acting against citizen ownership of both. http://gaiancorps.com/study/money-ba...ilver-stealers
    "And if I could I surely would Stand on the rock that Moses stood"

  7. #7
    Quote Originally Posted by Chex View Post
    Name:  image003.jpg
Views: 379
Size:  62.4 KB

    From

    The Paper Hangers Thomas Jefferson said, “Commerce and industry cannot be secure when suspended on the Daedalian wings of paper money”


    McDonald was the ONLY member of a 36 member American delegation heading for South Korea for the 30th anniversary of the U.S. Korea Mutual Defense Pact flying on a separate airliner; the State Department played an overriding role in screening and travel arrangements. Pilgrims Society member George P. Shultz, Treasury Secretary, 1972-1974, who played a role in precious metals price suppression, was Secretary of State, 1982-1989 and a Trilateralist . http://gold-silver.us/forum/showthre...STEALERS/page4

    Charles Savoie wrote this extremely long essay (77,000+ words), "The Silver Stealers", about the Pilgrims Society and their past attacks on gold and silver money and ownership. He gives a partial list of specific identified Pilgrims Society members involved over the years, acting to suppress gold and silver as money and against the commodity prices of each, and acting against citizen ownership of both. http://gaiancorps.com/study/money-ba...ilver-stealers
    OK, just having those damned notes again screws everything over.

  8. #8
    Most people I talk with on this matter initially I get these responses; "I don't think about it much", "I don't want to think about it", "Its scary", "I'm afraid". Even without going into much context or just starting a conversation.

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