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Subject
12 USC 411, "...Federal reserve notes shall be redeemed for lawful money on demand..."
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[quote:Anonymous Coward 1003364:MV8xNzQxMDU2XzI4ODQxMzE2XzE1RDkwODcz] [quote:Anonymous Coward 7761560:MV8xNzQxMDU2XzI4ODQxMjYwX0IyMzk1MUI2] [quote:Anonymous Coward 1003364:MV8xNzQxMDU2XzI4ODQxMTg3X0IwOTg1N0My] [quote:Anonymous Coward 7852806:MV8xNzQxMDU2XzI4ODQxMDYxX0M2QkFCNTRF] 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[i][color=darkred] "demand for lawful money per 12-USC 411"[/color][/i] 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!! [/quote] I don't understand, can you explain in a little more detail? Also, have you actually gotten a physical replacement for the FRN??? If so, can you post a pic, I would be interested in seeing what it looks like. Thanks! [/quote] From what I understand, you will NOT be provided lawful money. Fed Notes are "legal" money, not "lawful" money. Lawful money have a different seal on them. At one point you could get lawful money, but that was a long time ago. Regardless, what he is saying, is that you go and demand lawful money (as per the law), and you record the entire thing, so when they fail to provide you with the lawful money (which they're obligated to) you're no longer restricted by the legal issues related to the use of FRN's (such as income taxes). Imagine Ford trucks became money tomorrow, and ford gave everyone a bunch of trucks, and then people used them to trade for the stuff they needed (sounds absurd I know).... they could collect taxes because you're using THEIR property as a unit of exchange. This is what the FED does, your taxes are a charge for using THEIR property as a method of exchange. So under the law, they stated that you didn't have to use their notes, you could instead use lawful money. But now that's gone, and you cannot get lawful money, which is basically (in the eyes of true law) a default on their obligations which frees you from your obligation. [/quote] Yea, but is the demand for lawful money a circle jerk based on the previous posters post on the interaction with the Fed? [/quote]
Original Message
Has anyone done this, and what exactly are you getting in exchange for FRN's? Any pics? Thanks!
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