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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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When? The last time anyone paid for anything with Federal Reserve credit or money.

"Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them."

"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."
[link to ustreas.gov (secure)]

The US treasury has it, right there in black and white. ALL goods and services in the economy are first leaned by the Federal Reserve.

I have proof, via non-endorsement and bank records that is not the case for me. Remember, it is all about what you can PROVE.

I can prove, with bank records, receipts and canceled checks that I have demanded Congress, the Banks and the Federal Reserve obey the law of the land, that being the Constitution and not the rules they make via endorsement and contractual agreement.

I have the protections of the law because I obey the law.
 Quoting: Anonymous Coward 692708


What I was asking was when the Federal Reserve last came around to seize any property due to them in this way. Have they ever done so?

I don't quite agree with your reading of their webpage, either. The banks hold collateral, but I notice you cut out the part where it says this collateral is "chiefly gold certificates and United States securities". Not, for example, people's houses. This is a remarkable thing to leave out, don't you think?

The money is backed by the United States economy insofar as it can be exchanged for the products of that economy - I don't see that as backing for the idea that the Federal Reserve actually _owns_ all the goods in the country!

I'm glad to hear you've kept your own records, so if the Federal Reserve ever come around to seize your possessions you'll be able to prove they have no right to do so. But here we are back to my earlier question: when did the Federal Reserve last do that to anybody?
 
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