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  1. #14
    This virtual currency question is a very interesting attorney quandary. For the unredeemed it presents a big privacy problem indeed. One invests in the cybercurrency on a presumption that it is aside and separate from Fed notes and here is a Yes/No question. But for the Redeemed it is a big red flag for the IRS agent to get this strait up to Legal:

    Name:  2019 1040 Schedule 1 cryptocurrency w demand PRIVATE.jpg
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    If you are using the Fed's private credit, they have a residual interest in anything you purchase with their notes. This is the essence of SDR's backing the US Dollar floating exchange rate - Bretton Woods Amendments.

    Search "Fed Assets Current" and look at the footnotes carefully. You must report about your use of their notes, including the shirt on your back, that you bought for them with their currency, if they request it.

    Thank you for the image Lorne. Very nice. And thanks for leaving the redeemed to express their redemption for themselves. The posture of confidence is necessary.
    Last edited by David Merrill; 07-14-20 at 09:07 AM.

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