Redemption of Lawful Money at US Bank

[freedave]

By "redeem your paychecks," do you mean endorsing them similarly to the examples I have seen here. And, if so, how is that redeeming?

[Richard Earl]

The best place to start is to understand how money is created. The US Treasurer exchanges debt notes with the Federal Reserve System in exchange for credit (numerical deposit into a bank account) - this whole process relies on your endorsement.

[Richard Earl]

By "redeem your paychecks," do you mean endorsing them similarly to the examples I have seen here. And, if so, how is that redeeming?

I look at redeeming as the opposite to endorsing. The examples around here would be a non-endorsement or redemption. To redeem lawful money, you simply need to make a demand.

[freedave]

The best place to start is to understand how money is created. The US Treasurer exchanges debt notes with the Federal Reserve System in exchange for credit (numerical deposit into a bank account) - this whole process relies on your endorsement.

I have some understanding of how how money is created. But how and why does it rely on my endorsement? And what and where is the evidence that it relies on my endorsement?

[freedave]

I look at redeeming as the opposite to endorsing. The examples around here would be a non-endorsement or redemption. To redeem lawful money, you simply need to make a demand.

OK, I have seen "non-endorsements" here for checks in the form of stamped or hand-written statements. How do those statements create the effect of redeeming FRN's for lawful money? And how do they make a demand? And in what way does making a demand create the effect of redeeming FRN's for lawful money?

[David Merrill]

You make the demand on your paycheck and it is done. Now you have lawful money by law. You did not endorse any of it and therefore all the obligations are against the US by the US Treasurer and Secretary's signature bonds on the bills. The reason somebody wisely pointed you to understand how money is made is that is an easy way to understand endorsement;

The Story of Money.

If you endorse your paycheck you approve the bank may lend fractionally and that increase in the money supply is now bonded; by your signature. If you non-endorse your paycheck maybe the bank will lend on it fractionally anyway - at least that is the bank breaking the law, not you. Indications are that the bankers know better because in several instances the suitor's account has been switched to a non-interest bearing equivalent account. If the bank cannot profit from your deposits why should they be giving you an increase called interest?

[freedave]

You make the demand on your paycheck and it is done. Now you have lawful money by law. You did not endorse any of it and therefore all the obligations are against the US by the US Treasurer and Secretary's signature bonds on the bills. The reason somebody wisely pointed you to understand how money is made is that is an easy way to understand endorsement;

The Story of Money.

If you endorse your paycheck you approve the bank may lend fractionally and that increase in the money supply is now bonded; by your signature. If you non-endorse your paycheck maybe the bank will lend on it fractionally anyway - at least that is the bank breaking the law, not you. Indications are that the bankers know better because in several instances the suitor's account has been switched to a non-interest bearing equivalent account. If the bank cannot profit from your deposits why should they be giving you an increase called interest?

[David Merrill]

If that is not a clear enough demand stamp it:

Lawful Money Demanded Pursuant to Title...

[freedave]

If that is not a clear enough demand stamp it:

Lawful Money Demanded Pursuant to Title...

Thank you, David.

Is it correct that if I were to cash a check at a bank with that on the back, I would be demanding that I receive lawful money instead of Federal Reserve notes?

And if I were given Federal Reserve notes, would they then become lawful money as a result of what I stamped and signed on the back of the check?

Or would what I would put on the back of the check convert only the check received by the bank to lawful money?

And according to what evidence could what I put on the back of the check convert the check and/or the Federal Reserve notes to lawful money?

[martin earl]

Thank you, David.

Is it correct that if I were to cash a check at a bank with that on the back, I would be demanding that I receive lawful money instead of Federal Reserve notes?

With the possible acception of the $1 and $2 FRN, there is a US Treasury note on the face of all currently issued Federal Reserve Note, on the right side, it even is titled and sealed as such.

And if I were given Federal Reserve notes, would they then become lawful money as a result of what I stamped and signed on the back of the check?
They do not "become lawful money" your NOTICE and demand simply tells the ISSUER what note on the face you are using and who is obligated to pay the debt created and evidenced by that note.

Or would what I would put on the back of the check convert only the check received by the bank to lawful money?
Again, you are simply notifying the issuer of the credit note who is obligated to pay that amount of debt, you are not taking that obligation on yourself by endorsing the debt.

And according to what evidence could what I put on the back of the check convert the check and/or the Federal Reserve notes to lawful money?

The Rickman case proved that paper fiat currency is lawful money via endorsement and use. if non-endorsed by the user, and a demand for use of lawful money is recorded, there is your proof of demand, it is up to the issuer to actually pay the $$ amount of the debt. The only question any court or IRS agent could ask is "To whom does the obligation to pay this debt remain with?" That is simple and spelled out in 12-USC 411, the issuer of the note, the US Treasury (who is the endorser, since their official signature endorsement is on the face of ever single FRN, redeemed or not.

Mine in blue. The question is not "is lawful money taxable?" Because Rickman proves it can be, the question is: "Who has the obligation to pay the Tax if I am not endorsing it?" Again, the only answer is the original issuer of the debt/lawful money, per 12-USC 411 FR "notes shall be obligations of the United States...".

Nothing is actually "paid" by the use of lawful money, unless and until the US Treasury hands out GOLD coins, at face value, to the issuer of the notes. The key is to understand that obligation rests only on the US Treasury, once you demand redemption of lawful money, if it is not paid, it is not your problem, since you demanded they do their job as trustees of public gold in the amount of 3OO million 'dollars'.

[freedave]

Mine in blue. The question is not "is lawful money taxable?" Because Rickman proves it can be, the question is: "Who has the obligation to pay the Tax if I am not endorsing it?" Again, the only answer is the original issuer of the debt/lawful money, per 12-USC 411 FR "notes shall be obligations of the United States...".

Nothing is actually "paid" by the use of lawful money, unless and until the US Treasury hands out GOLD coins, at face value, to the issuer of the notes. The key is to understand that obligation rests only on the US Treasury, once you demand redemption of lawful money, if it is not paid, it is not your problem, since you demanded they do their job as trustees of public gold in the amount of 3OO million 'dollars'.

Thank you for this, Martin.

I don't see "US Treasury note" on the $5 or $20 bill. Does the fact that there is a U.S. Treasury seal and the signature of the Secretary of the Treasury make it a U.S. Treasury note?

And are you saying that if I endorses a check, I am obligated to pay that amount of debt?

I don't see how paper fiat currency would become lawful money via endorsement -- I thought the idea is to demand redemption in lawful money.

[martin earl]

Thank you for this, Martin.

I don't see "US Treasury note" on the $5 or $20 bill. Does the fact that there is a U.S. Treasury seal and the signature of the Secretary of the Treasury make it a U.S. Treasury note?

You cannot see "THE UNITED STATES OF AMERICA" and the Treasury seal on the right side of the NOTE? You cannot see the line between the 2 notes (hint: just because the line between the 2 notes is curved and artistic does not mean its not a Border between the notes, the line is around the dead President)? You cannot see the Secretary of Treasury Signature on the note? You cannot see the numerical value of the NOTE? You dont see "RESERVE NOTE" above the "UNITED STATES OF AMERICA?

Clearly, there are 2 notes there, with their own boarders, their own seals, their own serial numbers. Remember, when you put something in a box, it is its own "thing".

And are you saying that if I endorses a check, I am obligated to pay that amount of debt?

Of course you are, if the check bounces, does the bank come after YOU for payment or the endorser on the face of the check? This is so basic anyone with a checking account knows they assume full liability for the any deposit with their signature (unrestricted, open endorsement, of course). Not only that, you are obligated to pay face value plus interest in goods and services, since that is the deal Congress made with the FEDERAL RESERVE.

I don't see how paper fiat currency would become lawful money via endorsement
Then you have no idea what "endorsement" means and you need to look it up because it is basic contract law, you endorse it, you own it.

-- I thought the idea is to demand redemption in lawful money.

It is, there are many forms of "lawful" and being Constitutional is only one form of law. The idea is to stop the fractional reserve creation of currency, pay down the national debt and live a life that does not harm others by stealing their currency to fund a debt system. Look up the legal definition of Peonage, because every time you endorse the Federal Reserve system, you make a peon of yourself and future generations. And you are more than welcome!

[Richard Earl]

endorsed = fiat money, permission to fractionalize, obligations, taxes, turn me into a soup sandwich, etc...
redeemed = lawful money.

[freedave]

It is, there are many forms of "lawful" and being Constitutional is only one form of law. The idea is to stop the fractional reserve creation of currency, pay down the national debt and live a life that does not harm others by stealing their currency to fund a debt system. Look up the legal definition of Peonage, because every time you endorse the Federal Reserve system, you make a peon of yourself and future generations. And you are more than welcome!
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Thank you again, Martin.

I see all the things you mention on the $5 and $20 bills I have, except for the line you show, which I do see on the $100 bill I have.

I don't see any of the bills labeled "US Treasury note." I think what I need to find out is what are the necessary elements that legally make something a note.

When I take a check to a bank and sign it in order to cash it, I thought I was signing to transfer payment to my account, not to guarantee the check. How does signing the check on the back obligate me to anything except to pay a bounced check fee if it bounces?

Obligation:
2 : an inscription (as a signature or notation) on a document or instrument
esp
: an inscription usu. on the back of a negotiable instrument that transfers or guarantees the instrument

I am in favor of stopping the fractional reserve creation of currency, paying down the national debt, living a life that does not harm others and eliminating the debt-money system.

I am trying to learn, understand and evaluate these principles and the remedy.

[freedave]

endorsed = fiat money, permission to fractionalize, obligations, taxes, turn me into a soup sandwich, etc...
redeemed = lawful money.

I am especially trying to understand the obligation and tax parts.