I doubt this would do anything unless people stopped trying to pay taxes. At this point there are no reserves needed anyways. They'll just change the rules like they changed them during the crash, they won't even make it public, they'll just quietly do it. People are trying to take advantage of a play on words here, but that's all it is. Good luck though, sounds interesting! Always looking for savvy and interesting ways to use the system against itself.. but hey, is the system really that bad? People have free will, they don't have to be debt slaves, and our standard of living is not that bad... well compared to most of the developed world maybe is kind of is... no jobs, paper pushing economy, all for the top to squeeze out that extra billion in net worth and the chinese, work for slave labor. Quoting: rken
Thanks for your input. But it would seem that if we pay taxes, none of which go to run the country, but go to banks to pay the interest on the loans to banks of which most aren't even US banks, that we are indeed debt slaves.
The legal tender payments are not lawful payments. The debt still exists. If you are not using lawful money, there is no lawful payment.
You give me a promise to pay me for the hamburger today. On Tuesday, you come back and give me a $5.00, unredeemed Federal Reserve Note, which I ACCEPT FOR FACE VALUE.
The "debt" between you and I is discharged, but since the hamburger had actual physical value as food, and the FRN you gave has an actual value of ZERO and has interest on it, I have gained nothing.
The Debt, via accounting and receipts is dumped into the National Debt (anyone with a birth certificate is then responsible to pay for that debt with production)
This is why the media/Government always states "the national debt is X for every MAN, WOMAN and CHILD in the US."
The GDP is supposed to cover, with goods and services, ALL the debt every year and "balance the account" with the Federal Reserve and growth in the GDP is supposed to cover the interest. We know that is impossible.
Read this carefully:
"Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.
"Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything This has been the case since 1933. 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
from: [link to ustreas.gov (secure)
Read it again. YOU, your children and everything you produce, consume or "buy" with Federal Reserve credit has a lien on it automatically! This includes HUMAN resources within the US Economy! The Government presumes everything in the economy is leaned by the Federal Reserve (to pay the national debt) until PROVEN otherwise. Think RICO here, folks.
If you do not believe me, check the bottom of your Certificate of live birth, it is printed by a Banknote company, really, look at the fine print on the bottom.
Lawful money goes way, way beyond income tax, even if you do not want or do not care about paying income tax, redeem lawful money anyway, having proof you did everything you could to live a lawful life and actually own what you produce is just, well, lawful.