I do DUE diligence because I have seen, over and over, how DANGEROUS half-baked "truths" and shoddy research have landed well meaning and sincere people into great difficulties and great peril.

This thread is a perfect example of that. Someone has found a "truth" relating to the difference between elastic private credit and inelastic public money but FAILED in the execution of how that conversion MUST be made!

I have laid out in great detail why I am right, and you are wrong, and you STILL refuse to admit your methodology is a FAILURE. Keep in mind that IF you are wrong, And IF the unwary attempt to avoid paying taxes based on your FLAWED methodology, there will be serious consequences! Do you want to be responsible for leading others astray?

You have offered up your PROOF that you are correct by offering up anecdotal "evidence" that you, and "hundreds of (unnamed) others" have not yet been harassed by the IRS. I have already offered an explanation for that from the standpoint that the presumption within the IRS system is that the taxpayer has filed a VALID RETURN...based on the fact that the TAXPAYER has also signed an AFFIDAVIT, UNDER PENALTY OF PERJURY...that everything on the return is TRUTHFUL and ACCURATE. The fact that the IRS has not yet challenged your return..and the return of "hundreds of others" doesn't mean shit in an organization processing 100 million or so returns per year. Further, consider that there is really no "cost" for the processing of returns to the IRS, since the currency is created out of thin air, but the REAL COST is in the exposure to civil and criminal sanctions when the challenge is made against the taxpayer, and the taxpayer attempts to mount a defense based on your limp wristed assumptions and "proofs". Seriously, how far do you think that is going to get you in an administrative court system RUN by the IRS and with the power to levy!

(From my earlier post: the particularly WEAK conclusion that because the IRS is issuing "refunds", the methodology MUST be correct under law. This is a very dangerous, and totally unfounded, conclusion. You must realize that IRS returns and refunds are almost completely processed automatically. The computers assume correct "voluntary compliance" and process accordingly. In other words, if you SAY you are owed a refund, the IRS will give it to you. Doesn't mean anything more than that's how the system works. However, if the ratios between line items trigger a flag, it will go through a human review process...which might take months or years.)

Complete and Utter BULLSHIT. Particularly when the LAWFUL REMEDY is so clearly spelled out in the code! WHy in heavens name would one deviate from what the law so clearly and expressly states?

If you intend to do the redemption, then stay within the bounds of the DUTY imposed upon you! Redeem through the TREASURY or FEDERAL RESERVE BANK or its AUTHORIZED AGENT. You now have the proper address and contact information to do so.

As far as the comments that I am some AGENT (lol)of the government or FED, only the most ignorant would disregard my PROOF as demonstrated and ignore the TRUTH. You and 708 have repeatedly rejected anecdotal evidence from former bankers and "someones uncle" but resort to the same tactics when YOU fail to prove your assertions.

I am not trying to change YOUR mind, since you appear to lack the capacity to assimilate contrary positions or interpretations, or defend what you claim with REAL PROOF. However, to the TRUE seekers who are coming here to try and help themselves I have dedicated my research.

Note also that it took all of a few hours to punch holes in your redemption claims