|
REPORT ABUSIVE REPLY
|
|
Message Subject
|
12 USC 411, "...Federal reserve notes shall be redeemed for lawful money on demand..."
|
|
Poster Handle
|
Anonymous Coward |
|
Post Content
|
I called the Federal Reserve in San Francisco CA. to find out if I could get a United States Note....answer...no. You can now only get (purchase) them from the mint as a collectors item or something.
Quoting: Carpet Gnome Yup. If you redeem FRNs under Title 12 USC 411....you get FRNs. Its been that way for *at least* 39 years. Mobley Milam tried it in 1974 and got FRNs in redemption. Appellant has filed a substantial brief and an adequate reply brief and has argued his full share of allotted time in support for a demand that his $50.00 Federal Reserve Bank Note be redeemed in "lawful money" of the United States, which he says, in effect, must be gold or silver. Appellant refused appellees' tender of an equivalent value in Federal Reserve Notes.
Quoting: The entire 'Redeemer' argument is empty having been rendered moot in 1933. And demonstrated nonsense when Nixon was still president. Worse, its kinda dumb. The US government doesn't even have US Notes anymore. In 1994, Congress relieved the treasury of any duty to hold or reiussue US notes and authorized their destruction. Which the Treasury did 2 years later. There isn't any part of this the 'Redeemer' crowd got right.
|
|
|
Please verify you're human:
|
|
|
Reason for reporting:
|
