Very interesting development regarding online payment from lawful money account

[LearnTheLaw]

Holy crap!
Thank-you for this.

I stumbled upon this today and thought you might like it.


I was searching for "Letter, Oct. 26, 1989, Dept. of Treasury, Russell Munk, Asst. Gen. Counsel"

---------------------------------------------------------------------------------------------

In 1980 Congress passed, among other things, Public Law 96-221, providing for the furtherance and expansion of the profligate rehypothecated debt pyramid scheme, and reduced the reserve requirements on "transaction accounts" to a minimum of 3% per centum to a maximum of 14 per centum (See: Depository Institutions Deregulation And Monetary Control Act of 1980, Section 103(b) (E)(2)).

"In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper. Deposits are merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face amount...."

Compare this with the United States Constitution, which says: "No State shall make anything but gold and silver coin a tender in payment of debt..." and which also says: "Congress shall have the power to coin money and regulate the value thereof..." (Italics added for emphasis; this paragraph added to the original John B. Nelson document of February 21, 1992 on July 18, 1999 to reiterate what was stated previously in this document and to demonstrate, first hand, yet another way the Constitution is being usurped, in fact and in intent).

http://home.absolute.net/xode/nwofraud/Bankruptcy_Fraud/Bankfraud1.htm

[Goldi]

No part of the 1792 Coinage act has been altered, moved or repealed. So you can use it as it is, because it is intact. Now you can't say the same thing for HJR 192. All parts but 1 have been repealed. That which is printed on page 112 of 48 stat is intact. The rest of it on pages 113 and forward are all repealed.

[Goldi]

BTW, there are only 18 states which specify the use of dollars in their statutes. Those states are: Arkansas, California, Idaho, Iowa, Louisiana, Maryland, Michigan, Montana, Nevada, New Jersey, New Mexico, New York, South Carolina, Tennessee, Vermont, Virginia, West Virginia, and Wisconsin.

[David Merrill]

No part of the 1792 Coinage act has been altered, moved or repealed. So you can use it as it is, because it is intact. Now you can't say the same thing for HJR 192. All parts but 1 have been repealed. That which is printed on page 112 of 48 stat is intact. The rest of it on pages 113 and forward are all repealed.

That is amazing about the States specifying dollars! It is good to have you posting Goldi.

About HJR-192, there are some stipulations related that remain. Page 1, on Page 2. Also it is good to note that a Resolution is not the same as law, but that should be obvious.

[mikecz]

BTW, there are only 18 states which specify the use of dollars in their statutes. Those states are: Arkansas, California, Idaho, Iowa, Louisiana, Maryland, Michigan, Montana, Nevada, New Jersey, New Mexico, New York, South Carolina, Tennessee, Vermont, Virginia, West Virginia, and Wisconsin.

Where did you find this info?

[Chex]

http://www.law.cornell.edu/uscode/text/50/1601http://www.law.cornell.edu/uscode/text/5/105http://keystoliberty2.wordpress.com/tag/hjr-192/ gives some detail on that subject.

We need another Congressman like Louis T. McFadden.

[David Merrill]

I went to the federal repository one afternoon and collected this about McFadden.

[Goldi]

Where did you find this info?

https://www.law.upenn.edu/journals/j...L.51(1991).pdf

On page 53, footnotes

[Goldi]

How many have gotten an IRS/State tax refund by indorsing checks with the old restriction of "deposited for credit on account or exchanged for non-negotiable federal reserve notes of face value" ?

[mikecz]

https://www.law.upenn.edu/journals/j...L.51(1991).pdf

On page 53, footnotes

Thanks for the post...

[David Merrill]

How many have gotten an IRS/State tax refund by indorsing checks with the old restriction of "deposited for credit on account or exchanged for non-negotiable federal reserve notes of face value" ?

Maybe 10-15 people who report that to me. Maybe 1 of 3 though are complicated by state not refunding while the federal did.

[amosfella]

Since 2009, I've used a specific nonstandard nonendorsement for checks in Canada.

Exchanged for an equal amount of credit, or Bank of Canada Notes at par value only.
Non negotiable.
Per: (first initial last name)

I've been wondering about the wording of this one. Been wondering if it should be changed.... Thoughts??

[David Merrill]

Since 2009, I've used a specific nonstandard nonendorsement for checks in Canada.

Exchanged for an equal amount of credit, or Bank of Canada Notes at par value only.
Non negotiable.
Per: (first initial last name)

I've been wondering about the wording of this one. Been wondering if it should be changed.... Thoughts??

Exchanged for an equal amount of credit, or Non-negotiable Bank of Canada Notes at par value only.
.

[amosfella]

Exchanged for an equal amount of credit, or Non-negotiable Bank of Canada Notes at par value only.
.

Thank you!!!

[amosfella]

Is using the word 'credit' giving credence to their credit system, and showing me to be of 2 minds???? Thought I'd better ask that...