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Message Subject Pay No Taxes legally -End the FED -synopsis page 8-Why are waiting for someone to do it for us like Ron paul
Poster Handle Anonymous Coward
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The IRS has the right to access records for any bank account into which more than $1000 is deposited in a year.

So what happens when they look at a personal account and they see nothing but restricted endorsements and demands for lawful money for each deposit and withdrawal?

Remember, the banks have the legal right to fraction deposits, which means for each $1 they get, they can now loan $1. (there is a ZERO reserve now, since the bailout).

When you "deposit for credit on account or exchange for Non-negotiable Federal Reserve Notes of face value" you limit the amount of the deposit for face value.

The bank cannot fractionalize the deposit amount. Nor can the elastic nature of Negotiable FRNs be used. Negotiable meaning no set value and depending on market forces.

A non-negotiable FRN is face value, because the value is 1=1. There is no interest bearing debt attached to the deposit, anything paid for with lawful money does not pass onto the National Debt+interest.

That big clock in times square does not go up with every transaction with lawful money, in fact, the amount of lawful money transacted lowers the National debt at a ratio of 1=1.

The debt is paid and the product or service is then owned by the payer and cannot be used as or seized to "pay the national debt", it is owned in allodium.
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