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12 USC 411, "...Federal reserve notes shall be redeemed for lawful money on demand..."
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[quote:Anonymous Coward 1003364:MV8xNzQxMDU2XzI4ODQxNTEwX0Y4MzdEMUY0] [quote:John Donson 7813130:MV8xNzQxMDU2XzI4ODQxNTAxXzk2MkJEMDIz] [quote:John Donson 7813130:MV8xNzQxMDU2XzI4ODQxNDYzXzJGQkQ3Q0JF] [quote:Anonymous Coward 1003364:MV8xNzQxMDU2XzI4ODQxMzM3XzUwRTg1QTY3] [quote:John Donson 7813130:MV8xNzQxMDU2XzI4ODQxMjk1XzQ1Q0JCOUY2] [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] They actually look identical except for a few things. Real money says "US Treasury Note" instead of Federal Reserve Note at the top. Also, the serial numbers to the right of the dead President (as you look at it) are red in color vs. green. That's the only difference. The problem is when you spend it. You will get FeRN's for change. [b]You should look at how to endorse your paychecks so they are deposited as real money vs. FeRNs. This is supposed to keep you from paying income tax. It's all in the codes![/b][/quote] Pic? Yea, but does this actually work? Or is denoting your paycheck as payable in real money a waste of time, circle jerk when the rubber actually hits the road? [/quote] It's in the codes so it must be legal, right? Try it and find out. [/quote] I got a bit off point! You have to physically take your FeRNs to the Fed Res Bank to redeem them for real money, but you can endorse your check to get your checks deposited in real money so you don't have to pay income tax on your wages. [/quote] Yea but has anyone tried that and been successful, or did they still get raped by the IRS in court??? [/quote]
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Has anyone done this, and what exactly are you getting in exchange for FRN's? Any pics? Thanks!
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