Food for thought...
It clearly states in the wording - THEY shall be redeemed for lawful money on demand...
THEY - can only be referring to a person - natural, corporate, or legal entity...
When writing a check - the words "Pay To The Order Of" are clearly imprinted... Then we write the name of the person, or legal entity we give the check to... This is an order for that legal entity to pay - this is a draw of the THEY, into the treasury...
Once the THEY is in the treasury, in order to keep it alive, an interest must be paid... It is the THEY in the treasury, and the accruing interest that represents the deficit...The deficit, IMO is the lawful money owed to the people...
The question, IMO, is exactly how to we go about demanding this money... I understand the premise of this thread, in that certain people are not allowing the THEY to accrue in the deficit, and not incurring a tax liability...
But, that does not resolve the issue of recieving additional monies owed to them... Monies earned through wages is not sufficient to tackle the rising costs and inflation issues...
Further - In the Canadian "Bills of Exchange Act", it clearly states a crossed cheque is a warrant for a dividend... Crossed cheques are what we write all the time...A warrant can also be considered as a warranty, an insurance to be redeemed at a future time...
The question remains - HOW...
Quoting: Anonymous Coward 23107892 Well, YEAH, but the sad state of affairs is this,
we do not have access to the Gold and Silver coin, at face value (and cost). I have pointed out, NOTHING gets "paid for" with fiat money, only Gold and silver coin can "pay for" a thing.
The real question is when I work, who has the obligation to pay me?
Well, that is easy, the one who holds all the Gold and Silver coin.
The Treasury controls that trust (where the 300 million is held) and has since 1933 (and prior to that during the civil war and for some years after).
So, unless and until I or YOU accept that obligation onto your "self" they owe you and me the money once we restrict our endorsement(s) and demand it.
Will they pay it? I have not been paid yet, so my answer to that is NO, but its on the record they OWE IT.
Also, on any check I receive, I always cross out the "to the order of" and leave only the "pay to" on the check, I have never had a bank teller take issue with it.
