Basis in Law

[David Merrill]

Interesting indeed! Can you show us an example of an earlier rendition? Let me check... nope.

[John Howard]

http://www.ebay.com/itm/1934-5-Silver-Certificate-/261117954165?_trksid=p2047675.m1982&_trkparms=aid%3D333005%26algo%3DRIC.FIT%26ao%3D1%26asc%3D112%26meid%3D2969969771411193420%26pid%3D100009%26prg%3D1064%26rk%3D3%26sd%3D280975187511%26

[John Howard]

http://www.ebay.com/itm/VERY-NICE-SCARCE-Bold-Crisp-VF-1928-1-RED-SEAL-Legal-Tender-FREE-SHIP-/251172783095?pt=LH_DefaultDomain_0&hash=item3a7b1083f7

[John Howard]

The note was a promise to pay, not the actual payment. They wanted to hide that first.

[John Howard]

Its easy to miss the fine print, look under Jefferson.

[John Howard]

Interesting indeed! Can you show us an example of an earlier rendition? Let me check... nope.

Ok suitors, one of us is having a senior moment. I see "WILL PAY TO THE BEARER ON DEMAND" on the above note.

[Keyser Soze]

Was looking for the definition of a "Dollar" http://blacks.worldfreemansociety.org/2/D/d0387.jpg

So pay to bearer 2 units of gold or silver?

Also couldn't help but notice the phrase Dolus dans locum contractui

[Chex]

Quote martin earl ""As of June 2011, the U.S. Treasury calculates that $230 million in United States notes are in circulation, and excludes this amount from the statutory debt limit of the United States. This amount excludes $25 million in United States Notes issued prior to July 1, 1929, determined pursuant to Act of June 30, 1961, 31 U.S.C. 5119, to have been destroyed or irretrievably lost. www.treasurydirect.gov

They read your post martin earl at post #71 &#75 http://www.phillyburbs.com/news/loca...a2fe5156a.html

NYGMan-tax here is a remedy Link

Carolina%20Letter.pdf and

[Noah]

So pay to bearer 2 units of gold or silver?

Depends on when you're asking. Using the date on the US note above, 1928, we have only to look up the controlling Act of Congress.

Act of 1900, Chapter 41:

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the dollar consisting of twenty-five and eight-tenths grains of gold nine-tenths fine, as established by section thirty-five hundred and eleven of the Revised Statutes of the United States, shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the secretary of the Treasury to maintain such parity.

So in 1928 a dollar was 25.8 grains of standard gold (standard meaning 9/10s fine), or 23.2 grains of pure gold
or, 412.5 grains of standard silver (90%), or 371.25 grains of pure silver.

1 grain = 1/480 ounce troy = 0.0648 grams

Restated, one dollar = 1.672 grams of std. GOLD = 26.73 grams of std. SILVER

[David Merrill]

I focused on the verbiage on the red seal - sorry.

Pay to the Bearer...

[John Howard]

Not to worry, I've had my share of senior moments.

I seem to remember that there are 4 essential elements to a legal note:

1. The absolute signature of the maker-

2. A specific amount of money-

3. A payee-

4. A time/date of redemption.

As in 1. The United States, 2. Shall pay 5 Dollars, 3. To the Bearer, 4. On Demand.

[David Merrill]

Not to worry, I've had my share of senior moments.

I seem to remember that there are 4 essential elements to a legal note:

1. The absolute signature of the maker-

2. A specific amount of money-

3. A payee-

4. A time/date of redemption.

As in 1. The United States, 2. Shall pay 5 Dollars, 3. To the Bearer, 4. On Demand.

So in context of the latest posts you are saying that even "bearer" as payee has been removed?

[John Howard]

So in context of the latest posts you are saying that even "bearer" as payee has been removed?

Exactly. Once upon a time I admired a man named Armen Condo, the founder of Your Heritage Protection Association. But it turned out that he did not understand equity the way George Mercier did. His letter to Mr Condo is very interesting and almost reaches to the point of redeeming lawful money. If only I knew then what I know now.

I was reminded of all of this when I found an old stamp from YHPA. I'll try to post it.

[John Howard]

Here it is. YHPA.pdf Its a shame that judges are not required to tell people WHY their position is frivolous.

[David Merrill]

Here it is. [ATTACH]976[/ATTACH] Its a shame that judges are not required to tell people WHY their position is frivolous.

Thank you for finding that image.

In context again your point is that the US notes at that time no longer promise to PAY anybody at all?

Then there is this link with equity that you are showing us...