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Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul

 
osbogosley

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01/01/2011 02:47 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Well done 708 and rken and others. I've been endorsing checks this way for about 3 yrs. I quit responding to anything irs 15 yrs. ago. I haven't gotten anything from them in at least 5 yrs. Here's a question about the frn: The seal next to Washingtons face on the left is different on $1 bills than 5's, 10's and up. It says what bank it is from. The higher bills just say united states frn. Is a bank note different from a frn? Will $1 be worth its face value and frn's worth nothing?
osbogosley; All words I type are illegal advice, really tired of disclaimers!
Anonymous Coward
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01/01/2011 02:49 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
No matter what the "exchange rate is" if you buy it with non-redeemed Federal Reserve Notes, the product you buy is presumed owned by the Federal Reserve. That is why you do not have any allodial title to anything, you only have "Certificates of title" and why you only have "tenant rights" and not "land ownership".

You did not lawfully pay for it, so its not yours.
 Quoting: Anonymous Coward 692708


Ah, I see. So unless you stamp the back of them, or write your name in ALL CAPS, anything you buy with those notes belongs to the Federal Reserve. Understood. That's a very strange law I hadn't heard of, but stranger things have happened in America!

That's quite fascinating. Clearly in all big business transactions, they must use Lawful Money and not Federal Reserve Notes, because _they_ don't want to give all they have to the Federal Reserve. Funny thing, though: that must mean a huge proportion of the US workforce must be employed in just stamping banknotes, every time a billion-dollar deal gets done! I've never heard of the labourers in these crowded stamping-rooms. Do they have another way of doing it?
Anonymous Coward
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01/01/2011 02:51 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
to Anonymous Coward
User ID: 1208372

Our friend here has been good enough to share with us what he knows. Serious questions about how this works are appreciated. You are coming very close to trolling. please be respectful. I do not want to delete threads or ban people but I will. If they are being disruptive. Thank YOU Rken
 Quoting: rken


I'm quite fascinated by this, and I'd love to get to the bottom of the reasoning about what constitutes 'value' if not what a given commodity will fetch on the market. Feel free to ban if you wish, it's not like I actually care at all, but if so I'll have to assume the worst of your character and your personal proclivities.
Anonymous Coward
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01/01/2011 02:52 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Suppose now I go down to the market. I want to buy a loaf of bread. Let's say the going rate today is $1 Federal Reserve for a loaf of bread. How much can I expect to pay in Lawful Money?


What part of "non-negotiable Federal Reserve notes of FACE VALUE" do you not get?

You get face value of the note, nothing more, nothing less.

The difference is DEBT. One note is a promise to pay and interest bearing, the other is an actual payment. Can you figure out which is which?


One is a piece of paper I might have, and exchange for goods or services at a rate agreed with a vendor. The other is a piece of paper I might have, and exchange for goods or services at a rate agreed with a vendor.

If the vendor is willing to exchange my $1 Federal Reserve for a loaf of bread, what do I care for the theory behind it? I'm only interested if the $1 Lawful Money is _actually_ worth more. If the price of bread was $2 Federal Reserve, but $1 Lawful Money, well, _THEN_ I would agree that Lawful Money is worth more. But otherwise, I can't see the difference at all.
 Quoting: Anonymous Coward 1208372


That is because you do not know the difference between freedom and subjugation. Anyone from Europe should know what actually being a "land owner" means and allodial title.

"Allodial title constitutes ownership of real property (land, buildings and fixtures) that is independent of any superior landlord. In common legal use, allodial title is used to distinguish absolute ownership of land by individuals from feudal ownership, where property ownership is dependent on relationship to a lord or the sovereign. Webster's first dictionary (1825 ed) says "allodium" is "land which is absolute property of the owner, real estate held in absolute independence, without being subject to any rent, service, or acknowledgment to a superior. It is thus opposed to "feud."

If you buy the bread with a FRN it is first leaned by the Federal Reserve, and if they want it, they can take it.

If you buy it with lawful money it is yours in allodium, and cannot be taken without just compensation.

Same goes for cars, gold, land, houses, et al.

The choice is yours.
Anonymous Coward
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01/01/2011 02:53 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
If you buy the bread with a FRN it is first leaned by the Federal Reserve, and if they want it, they can take it.

If you buy it with lawful money it is yours in allodium, and cannot be taken without just compensation.

Same goes for cars, gold, land, houses, et al.

The choice is yours.
 Quoting: Anonymous Coward 692708


When did the Federal Reserve last exercise this power?

Who is keeping the logs of whether or not the banknotes used were appropriately stamped on the back or not?

How about if no banknotes were ever used, but instead a direct bank transfer - is that the bit about writing your name in ALL CAPS?
Anonymous Coward
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01/01/2011 02:55 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
No matter what the "exchange rate is" if you buy it with non-redeemed Federal Reserve Notes, the product you buy is presumed owned by the Federal Reserve. That is why you do not have any allodial title to anything, you only have "Certificates of title" and why you only have "tenant rights" and not "land ownership".

You did not lawfully pay for it, so its not yours.


Ah, I see. So unless you stamp the back of them, or write your name in ALL CAPS, anything you buy with those notes belongs to the Federal Reserve. Understood. That's a very strange law I hadn't heard of, but stranger things have happened in America!

That's quite fascinating. Clearly in all big business transactions, they must use Lawful Money and not Federal Reserve Notes, because _they_ don't want to give all they have to the Federal Reserve. Funny thing, though: that must mean a huge proportion of the US workforce must be employed in just stamping banknotes, every time a billion-dollar deal gets done! I've never heard of the labourers in these crowded stamping-rooms. Do they have another way of doing it?
 Quoting: Anonymous Coward 1208372


The Federal Reserve is not the sole source of credit anywhere in the world.

"Do they have another way of doing it?" Yes, non-endorsement of transaction or deposit.

Again, there is no reason to stamp the FRN, other than to make the Federal Reserve retire that serial number and the debt it carries.
Anonymous Coward
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01/01/2011 02:57 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
PIN this
Anonymous Coward
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01/01/2011 03:03 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
If you buy the bread with a FRN it is first leaned by the Federal Reserve, and if they want it, they can take it.

If you buy it with lawful money it is yours in allodium, and cannot be taken without just compensation.

Same goes for cars, gold, land, houses, et al.

The choice is yours.


When did the Federal Reserve last exercise this power?

Who is keeping the logs of whether or not the banknotes used were appropriately stamped on the back or not?

How about if no banknotes were ever used, but instead a direct bank transfer - is that the bit about writing your name in ALL CAPS?
 Quoting: Anonymous Coward 1208372


When? The last time anyone paid for anything with Federal Reserve credit or money.

"Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them."

"The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
[link to ustreas.gov (secure)]

The US treasury has it, right there in black and white. ALL goods and services in the economy are first leaned by the Federal Reserve.

I have proof, via non-endorsement and bank records that is not the case for me. Remember, it is all about what you can PROVE.

I can prove, with bank records, receipts and canceled checks that I have demanded Congress, the Banks and the Federal Reserve obey the law of the land, that being the Constitution and not the rules they make via endorsement and contractual agreement.

I have the protections of the law because I obey the law.
Anonymous Coward
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01/01/2011 03:10 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Let's go for it!
Anonymous Coward
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01/01/2011 03:13 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
When? The last time anyone paid for anything with Federal Reserve credit or money.

"Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them."

"The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
[link to ustreas.gov (secure)]

The US treasury has it, right there in black and white. ALL goods and services in the economy are first leaned by the Federal Reserve.

I have proof, via non-endorsement and bank records that is not the case for me. Remember, it is all about what you can PROVE.

I can prove, with bank records, receipts and canceled checks that I have demanded Congress, the Banks and the Federal Reserve obey the law of the land, that being the Constitution and not the rules they make via endorsement and contractual agreement.

I have the protections of the law because I obey the law.
 Quoting: Anonymous Coward 692708


What I was asking was when the Federal Reserve last came around to seize any property due to them in this way. Have they ever done so?

I don't quite agree with your reading of their webpage, either. The banks hold collateral, but I notice you cut out the part where it says this collateral is "chiefly gold certificates and United States securities". Not, for example, people's houses. This is a remarkable thing to leave out, don't you think?

The money is backed by the United States economy insofar as it can be exchanged for the products of that economy - I don't see that as backing for the idea that the Federal Reserve actually _owns_ all the goods in the country!

I'm glad to hear you've kept your own records, so if the Federal Reserve ever come around to seize your possessions you'll be able to prove they have no right to do so. But here we are back to my earlier question: when did the Federal Reserve last do that to anybody?
Anonymous Coward
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01/01/2011 03:14 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Lawful money is different than fiat money in the same way a free man is different than a peon.

Peon: a person held in compulsory servitude to a master for the working out of an indebtedness.

If you do not redeem lawful money you are "held in compulsory servitude to a master for the working out of an indebtedness" to the Federal Reserve, there it is.

There are no debtors prisons in the US but there are thousands of people in prison for indebtedness, that is why.
Anonymous Coward
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01/01/2011 03:18 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Lawful money is different than fiat money in the same way a free man is different than a peon.

Peon: a person held in compulsory servitude to a master for the working out of an indebtedness.

If you do not redeem lawful money you are "held in compulsory servitude to a master for the working out of an indebtedness" to the Federal Reserve, there it is.

There are no debtors prisons in the US but there are thousands of people in prison for indebtedness, that is why.
 Quoting: Anonymous Coward 692708


So: suppose you buy a house for $100,000. I lend you $100,000 to buy it, and you go and do the deal. Now you must repay me my money.

You do not do so.

What can I do about it? Does it make any difference whether the $100,000 was 'Lawful Money' or 'Federal Reserve money'?
Anonymous Coward
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01/01/2011 03:21 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
so I have XXX amount in savings.

I go to a bank and demand that I withdrawl my funds in Lawful monmey?.

And I can then re-deposit this Lawful money back into my account or keep it safe at home?
Anonymous Coward
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01/01/2011 03:21 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
"I'm glad to hear you've kept your own records, so if the Federal Reserve ever come around to seize your possessions you'll be able to prove they have no right to do so. But here we are back to my earlier question: when did the Federal Reserve last do that to anybody?"

The Federal reserve does not enforce the liens, the IRS does that.

The IRS is the collection and enforcement agent for the Federal Reserve.

Are you really going to try to say the IRS has never seized any property or money? What gives them that right if it is not the presumption it is theirs to seize?

And the courts consistently back them on it until the DEFENDANT is proven not-guilty and broke anyway.

My documented demands for Lawful money stops the presumption that what I have is theirs.
Anonymous Coward
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01/01/2011 03:24 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Lawful money is different than fiat money in the same way a free man is different than a peon.

Peon: a person held in compulsory servitude to a master for the working out of an indebtedness.

If you do not redeem lawful money you are "held in compulsory servitude to a master for the working out of an indebtedness" to the Federal Reserve, there it is.

There are no debtors prisons in the US but there are thousands of people in prison for indebtedness, that is why.


So: suppose you buy a house for $100,000. I lend you $100,000 to buy it, and you go and do the deal. Now you must repay me my money.

You do not do so.

What can I do about it? Does it make any difference whether the $100,000 was 'Lawful Money' or 'Federal Reserve money'?
 Quoting: Anonymous Coward 1208372


Nope, simple contract law again, I owe you the money, if the contract does not stipulate the specie, it is assumed legal tender is the specie, in court and I have to pay you or you get the house back.
Anonymous Coward
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01/01/2011 03:26 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
"I'm glad to hear you've kept your own records, so if the Federal Reserve ever come around to seize your possessions you'll be able to prove they have no right to do so. But here we are back to my earlier question: when did the Federal Reserve last do that to anybody?"

The Federal reserve does not enforce the liens, the IRS does that.

The IRS is the collection and enforcement agent for the Federal Reserve.

Are you really going to try to say the IRS has never seized any property or money? What gives them that right if it is not the presumption it is theirs to seize?

And the courts consistently back them on it until the DEFENDANT is proven not-guilty and broke anyway.

My documented demands for Lawful money stops the presumption that what I have is theirs.
 Quoting: Anonymous Coward 692708


_Ah_... now I get it. We've been at cross-purposes all the time. I came in later in the discussion and I've been thinking this was an actual currency issue. All this talk of Lawful Money being 'worth' more than Federal Reserve Notes, as if one dollar Lawful would buy you more goods or services than one dollar Federal Reserve.

In fact it's nothing at all to do with the value of money in terms of what it can be exchanged for. It's a theory that if you jump through the right hoops then you'll be exempt from taxation on a technicality.

Well, then if that's true then you'll certainly get more for your earnings this way, since you'll not be paying taxes at all! Best of luck to you, then, but from what I've heard whenever cases like these actually come to court phrases like 'frivolous' get used and summary fines imposed - regardless of how well you've documented your careful distinction between dollars and dollars.
schuhman2
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01/01/2011 03:26 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
If I paid something off (house,car,etc.) with frns, is it really paid off or do I need to do something else?
Anonymous Coward
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01/01/2011 03:28 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
so I have XXX amount in savings.

I go to a bank and demand that I withdrawl my funds in Lawful monmey?.

And I can then re-deposit this Lawful money back into my account or keep it safe at home?
 Quoting: Anonymous Coward 1211756


You would not have to withdraw the money in 'lawful money' the clerk will only give you FRNs so just withdraw the money as you normally would.

In fact, just get a check from them for the amount. Then, do your non-endorsement on the back of the check and re-deposit it, done.

If they ask you why you are doing it, I might say "my accountant wants it that way for tax purposes." That usually ends that.
Anonymous Coward
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01/01/2011 03:30 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
scheming
Anonymous Coward
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01/01/2011 03:33 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
"I'm glad to hear you've kept your own records, so if the Federal Reserve ever come around to seize your possessions you'll be able to prove they have no right to do so. But here we are back to my earlier question: when did the Federal Reserve last do that to anybody?"

The Federal reserve does not enforce the liens, the IRS does that.

The IRS is the collection and enforcement agent for the Federal Reserve.

Are you really going to try to say the IRS has never seized any property or money? What gives them that right if it is not the presumption it is theirs to seize?

And the courts consistently back them on it until the DEFENDANT is proven not-guilty and broke anyway.

My documented demands for Lawful money stops the presumption that what I have is theirs.


_Ah_... now I get it. We've been at cross-purposes all the time. I came in later in the discussion and I've been thinking this was an actual currency issue. All this talk of Lawful Money being 'worth' more than Federal Reserve Notes, as if one dollar Lawful would buy you more goods or services than one dollar Federal Reserve.

In fact it's nothing at all to do with the value of money in terms of what it can be exchanged for. It's a theory that if you jump through the right hoops then you'll be exempt from taxation on a technicality.

Well, then if that's true then you'll certainly get more for your earnings this way, since you'll not be paying taxes at all! Best of luck to you, then, but from what I've heard whenever cases like these actually come to court phrases like 'frivolous' get used and summary fines imposed - regardless of how well you've documented your careful distinction between dollars and dollars.
 Quoting: Anonymous Coward 1208372


There have been ZERO cases brought against anyone doing this, and they have been doing this for decades. You cannot beat lawful remedy 12 USC is their law.

And your statement that I do not pay any taxes is pure ignorance, everyone pays huge taxes, lawful money or not.

Personal income tax however, is a pure use tax on a certain product, that product is credit issued to the US by the Federal Reserve.

There are no "hoops" there is only law, in this case it is contract law and services provided to an entire nation.

Good day to you.
Anonymous Coward
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01/01/2011 03:33 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Just one other thing regarding the tax-dodge aspect of all this.

Supposing an American takes a job with a German company, and does work for them remotely - the wonders of the Internet! He earns euros. Does he owe taxes on these? Euros are clearly not Federal Reserve Notes in any way!

I'm pretty sure Americans working for foreign companies and earning foreign currency still get charged taxes on that, don't they?
Anonymous Coward
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01/01/2011 03:35 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
If I paid something off (house,car,etc.) with frns, is it really paid off or do I need to do something else?
 Quoting: schuhman2 1112907


Well, do you have a title to the thing you paid off? Or a Certificate of title?

They are not the same things.
Anonymous Coward
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01/01/2011 03:38 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
There have been ZERO cases brought against anyone doing this, and they have been doing this for decades. You cannot beat lawful remedy 12 USC is their law.

And your statement that I do not pay any taxes is pure ignorance, everyone pays huge taxes, lawful money or not.

Personal income tax however, is a pure use tax on a certain product, that product is credit issued to the US by the Federal Reserve.

There are no "hoops" there is only law, in this case it is contract law and services provided to an entire nation.

Good day to you.
 Quoting: Anonymous Coward 692708


Well, perhaps no case has been brought against anyone using this _particular_ dodge, but there are lots of tax evaders out there using all sorts of exotic theories, and it's impossible to bring _all_ of them to court. You do hear quite often of people with unusual theories about the tax system that happen to involve themselves not having to pay tax ending up in prison, but hey - maybe you really have found a loophole that means you don't have to pay up like everybody else. Then I congratulate you, and hope you enjoy it until such time as they get around to changing the law.
Anonymous Coward
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Just one other thing regarding the tax-dodge aspect of all this.

Supposing an American takes a job with a German company, and does work for them remotely - the wonders of the Internet! He earns euros. Does he owe taxes on these? Euros are clearly not Federal Reserve Notes in any way!

I'm pretty sure Americans working for foreign companies and earning foreign currency still get charged taxes on that, don't they?
 Quoting: Anonymous Coward 1208372


Well, considering you are using a Central Reserve Bank or currency for transactions, yes, if you are not restricting your signature and pledging yourself to the national debt, you owe income tax. It is your choice.

Enjoy your peonage, you have lots of people on your side and those who profit from your labor love ignorant drones.
Anonymous Coward
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01/01/2011 03:59 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Just one other thing regarding the tax-dodge aspect of all this.

Supposing an American takes a job with a German company, and does work for them remotely - the wonders of the Internet! He earns euros. Does he owe taxes on these? Euros are clearly not Federal Reserve Notes in any way!

I'm pretty sure Americans working for foreign companies and earning foreign currency still get charged taxes on that, don't they?


Well, considering you are using a Central Reserve Bank or currency for transactions, yes, if you are not restricting your signature and pledging yourself to the national debt, you owe income tax. It is your choice.
 Quoting: Anonymous Coward 692708


Ah, but if a man lives in the USA, but is paid euros by a German company, would he owe taxes to the US government or to the German government?
Anonymous Coward
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01/01/2011 04:34 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Are you a subject of the US government or the German government?

Your citizenship papers determine which government you are the subject of, that is the way voluntary servitude works. Since the IMF controls both the Euro and the Federal Reserve Note, only the middle men would be different.

Either way, you are a peon to them and they profit from your voluntary servitude and peonage.

Maybe you need to consult a tax attorney or call the IRS, they are very helpful at taking your currency, it is their job, after all.

I do not give legal advise.
Anonymous Coward
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01/01/2011 04:39 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
The receipt of money is not the taxable event, it is the endorsement or non-endorsement that is the taxable event.

By the way, legally thinking, it is presumed that anyone using paper money is endorsing them as an elastic, private currency.

That is why the DEMAND for lawful money is so important. The bankers have worked hard for democracy (majority rules).

Since the majority accept endorsement of fiat currency it is presumed everyone who touches any fiat currency endorses its use as fiat currency.

I demand otherwise.
Anonymous Coward
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01/01/2011 04:46 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Are you a subject of the US government or the German government?

Your citizenship papers determine which government you are the subject of, that is the way voluntary servitude works. Since the IMF controls both the Euro and the Federal Reserve Note, only the middle men would be different.

Either way, you are a peon to them and they profit from your voluntary servitude and peonage.

Maybe you need to consult a tax attorney or call the IRS, they are very helpful at taking your currency, it is their job, after all.

I do not give legal advise.
 Quoting: Anonymous Coward 692708

since the IMF spreads thorough out the global economies, can one demand his wage/ salary be paid in gold/silver and will those commodity be subjected to taxation?
Anonymous Coward
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01/01/2011 04:48 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
The receipt of money is not the taxable event, it is the endorsement or non-endorsement that is the taxable event.
 Quoting: Anonymous Coward 692708


Ah. I thought that Americans were taxed on "income from whatever source derived", regardless of the form that income might take. Be it income from barter, be it dollars (Federal Reserve) or dollars (Lawful Money) or euros or Thai baht or whatever you care to name, it needs to be declared. That's the impression I always got.

Since the majority accept endorsement of fiat currency it is presumed everyone who touches any fiat currency endorses its use as fiat currency.

I demand otherwise.
 Quoting: Anonymous Coward 692708


I'm sure the IRS will humbly bow to your demands. Once they notice, anyway.

Meanwhile I've been researching this issue a little for myself: found this.

[link to en.wikipedia.org]

"The argument that Federal reserve notes are not taxable income when paid to a taxpayer because the notes are not gold and silver and may not be redeemed for gold and silver, and variations of this argument, have been officially identified as legally frivolous Federal tax return positions for purposes of the $5,000 frivolous tax return penalty imposed under Internal Revenue Code section 6702(a)."

This distinction between Federal Reserve and 'lawful money' does seem to be a variant of that argument. So you are wise to be very careful in your record keeping, as you described earlier: an IRS inspector who is not as learned in the law as yourself might well impose a large fine on you. Not that you'll have any problem with that, since you can pay that fine with worthless Federal Reserve notes: the IRS doesn't mind if they haven't been stamped on the back.
Anonymous Coward
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01/01/2011 05:00 PM
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Re: Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
The receipt of money is not the taxable event, it is the endorsement or non-endorsement that is the taxable event.


Ah. I thought that Americans were taxed on "income from whatever source derived", regardless of the form that income might take. Be it income from barter, be it dollars (Federal Reserve) or dollars (Lawful Money) or euros or Thai baht or whatever you care to name, it needs to be declared. That's the impression I always got.


Since the majority accept endorsement of fiat currency it is presumed everyone who touches any fiat currency endorses its use as fiat currency.

I demand otherwise.


I'm sure the IRS will humbly bow to your demands. Once they notice, anyway.

Meanwhile I've been researching this issue a little for myself: found this.

[link to en.wikipedia.org]

"The argument that Federal reserve notes are not taxable income when paid to a taxpayer because the notes are not gold and silver and may not be redeemed for gold and silver, and variations of this argument, have been officially identified as legally frivolous Federal tax return positions for purposes of the $5,000 frivolous tax return penalty imposed under Internal Revenue Code section 6702(a)."

This distinction between Federal Reserve and 'lawful money' does seem to be a variant of that argument. So you are wise to be very careful in your record keeping, as you described earlier: an IRS inspector who is not as learned in the law as yourself might well impose a large fine on you. Not that you'll have any problem with that, since you can pay that fine with worthless Federal Reserve notes: the IRS doesn't mind if they haven't been stamped on the back.
 Quoting: Anonymous Coward 1208372



And that was talked about earlier in this thread. Read the entire thread and watch the video! Your objective is becoming apparent in your tone, verbal mannerism and passive insults. You are wanting a verbal confrontation and argument.

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