We must stop the federal reserve before our nation is completely destroyed !! The US Code states that all Federal Reserve Notes can be redeemed at any Federal Reserve Bank for lawful money -- THIS IS A FACT (12 USC 411). When you make a demand for lawful money, which is inelastic (can't be fractionalized), you non-endorse the private credit of the Federal Reserve. By so doing, you reduce the national debt by the amount of your transaction -- exactly opposite of what the FED's doing by trying to inflate....and the inelacticity doesn't allow fractionalizing.
I propose to all members of GLP to start today. Make copies of TITLE 12 USC 411
https://www.godlikeproductions.com/forum1/message1185031/pg1
12 USC 411, "...Federal reserve notes shall be redeemed for lawful money on demand..."
I do it and so do many others. US Treasury notes are located on the right side of the face of all Federal Reserve Notes.
The US treasury seal is separated by the drawing of the dead president on every Federal Reserve note but the $1 and $2 bill.
if you do not record your "demand for lawful money per 12-USC 411"
You by default, are using unredeemed Federal Reserve Notes (the note on the left of the dead guy).
If you demand redemption on all accounts and transactions, you are proving the use of the US Treasury note on the Right side of every BILL.
Not rocket science, just the law!!
https://www.godlikeproductions.com/forum1/message1741056/pg1
Question for those redeeming FRN's for lawful money as per 12 USC 411
When you ask to redeem for lawful money as per the law in the USA, what exactly happens?
There is no lawful money to my knowledge besides United States Notes, and gold, neither of which are being used by banks at this time.
So is it merely the act of demanding that places you in compliance and from there alerts the FED's that you are exempt from paying taxes on what they claim to be "income"?
Can someone just explain an overview of the process?
Thanks
https://www.godlikeproductions.com/forum1/message3305094/pg1
12 U.S. Code § 411 - Issuance to reserve banks; nature of obligation; redemption
Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.
https://www.law.cornell.edu/uscode/text/12/411
Lawful Money -or- Private Credit: Why You Should Learn How to Redeem Lawful Money
http://omnithought.org/lawful-money-private-credit-why-you-should-learn-how-to-redeem-lawful-money/5359
Redeeming lawful money is supported by the Fed Act and Title 12 USC §411 cited in the quote from the Opinion. There is nothing illegal about demanding lawful money;
They shall be redeemed in lawful money on demand...
I think it more an ego-power trip of yours Wserra. You cannot accept that the Third Circuit is correct in that opinion, especially when it agrees coherently with Congress. Anybody can make their demand for lawful money without offending anybody or the law.
This is immensely entertaining that you folks have to face up to this reality check. Thanks for posting the thread Wserra!!
Regards,
David Merrill.
http://quatloos.com/Q-Forum/viewtopic.php?t=7865&start=20
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.
http://savingtosuitorsclub.net/forum.php
In 1933, Congress changed the law so that all U.S. coins and currency (including Federal Reserve notes), regardless of when issued, constitutes "legal tender" for all purposes. Federal and state courts since then have repeatedly held that Federal Reserve notes are also "lawful money." Milam v. U.S., 524 F.2d 629 (9th Cir. 1974), is typical of the federal and state court cases holding that Federal Reserve notes are "lawful money." In Milam, the United States Court of Appeals for the Ninth Circuit reviewed a judgment denying relief to an individual who sought to redeem a $50 Federal Reserve Bank Note in "lawful money." The United States tendered Milam $50 in Federal Reserve notes, but Milam refused the notes, asserting that "lawful money" must be gold or silver. The Ninth Circuit, noting that this matter had been put to rest by the U.S. Supreme Court nearly a century before in the Legal Tender Cases (Juilliard v. Greenman), 110 U.S. 421 (1884), rejected this assertion as frivolous and affirmed the judgment.
https://www.federalreserve.gov/faqs/money_15197.htm