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All transactions on PayPal and elsewhere are demanded to be redeemed in lawful money as found in Section 16 of the Fed Act and at Title 12 USC 411.
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I thought by its very nature, that a Postal Money Order is lawful money. It was issued without debt by the federal government. I look at it the same way for my DoD disability check (tax free) and when I used to overpay the fed, the money they sent to me (check drawn on the Treasury) need not be reported in the next years tax return. Unlike the check that is sent to me by the State which I must report as income since States cannot issue lawful money (US Notes)
if you pay with a postal money order which is lawful money (it only has pay to) , which name do you sign Postal money order with ? true name ; LEGAL NAME or True Name dba; LAWFUL NAME?
Last edited by Franco; 04-07-15, 07:54 AM.
Reason: added words
I've read somewhere along the way that it is the International Postal Money Order not endorsed which is backed by gold....I suppose one could use such as private scrip as long as it remains un-endorsed.
I reckon one could use the $5 dollar stamp in the same way.....even internationally through the UPU....just take it to the post office in any country and exchange it for the local currency/postage
I thought by its very nature, that a Postal Money Order is lawful money. It was issued without debt by the federal government. I look at it the same way for my DoD disability check (tax free) and when I used to overpay the fed, the money they sent to me (check drawn on the Treasury) need not be reported in the next years tax return. Unlike the check that is sent to me by the State which I must report as income since States cannot issue lawful money (US Notes)
the OP is for all types of money orders. postal or not.
Wife has direct deposit every other Friday, so on the Monday following the deposit, I call up her acct online and for each line entry there is an icon to click for "comments".....so I click the one for the previous Friday's direct deposit and in the SUBJECT heading I put "Lawful Money demand"....and in the body of the message I put
"Just to make clear....by a preponderance of substantive evidence under Federal Rules of Evidence Exception to Hearsay Rule 803(6)(B)
Before I press SEND, I print the message to a local PDF file [I use "do v7pdf" freeware] & save that pdf locally. Now press SEND, there are two copies of the demand....one on the bank's server & one on my flash drive. I also utilize the same for all ATM cash withdrawals.
Also online @ the bank, I "print" pdf's [both sides] of all checks we wrote and other deposit slips we made....both with the above "all transactions" demand on the front of the instruments....& save those to the flash drive also.
At the end of last year, I uploaded the pdf images of 65 transactions to a google drive & shared that URL w/ IRS on "schedule for line 21" form [Tax Act free online]....mailed in a paper return & less than 4 weeks later we had our return direct deposited --> slapped the demand on that too!!
BTW: You do NOT need COINS to prove you have lawful money. Those presumed paper FRNS you have in your wallet (or in your bank accounts) ARE NOT private credit any more AFTER you establish your LM Demand ON THE RECORD.
Remember, it has TWO SEALS on it. - representing the TWO CHOICES we have about "our money".
Who can rebut that non-hearsay evidence?
You do NOT have to carry around tons of coins in your pocket!
It not only is inconvenient, but it also undermines your own credibility concerning your faith in your own LM Demand Record!
The way I have done this covers ALL TRANSACTIONS. I do not worry about direct deposits or debit card transactions. Remember, it has TWO SEALS on it. - representing the TWO CHOICES we have about "our money". Who can rebut that non-hearsay evidence? It not only is inconvenient, but it also undermines your own credibility concerning your faith in your own LM Demand Record!Stop it!
A mortgage payment if payable in lawful money is it interest exempt eg. a money order pay too Mortgage # or paying interest and property tax only in lawful money would that separate the use of private interest from a principal loan in short one can or cannot DBA signature generate a promissory note in lawful money even when a 100k with 10% down payment is offered in money order this frustrates bankers $90.0000 loan your about to sign for as it has to be created as who,s interest bearers debt.ignorance and interest are they lawful?
A mortgage payment if payable in lawful money ........
The thing is xparte once you deposit any lawful money and when you use it does not everything qualify?
What I like about it there is no first lien on the real money.
"And if I could I surely would Stand on the rock that Moses stood"
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