Federal Reserve Act Remedy- Lawful Money Possible?

Discussion in 'Economics & Trade' started by squid5689, Oct 14, 2012.

  1. squid5689

    squid5689 Member

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    The first video is excellent, FRN notes are not lawful money in the first place but U.S made them "lawful money" so it's a contradiction. It clearly states in the constitution Article 1 section 10, and section 16 of the Federal Reserve originally bill was constructed. Would it be possible to redeem your your FRN for gold/silver with Title 12, Section 411 and section 16 act is legal Remedy right. Even shows people writing back of their checks

    "Redeemed in Lawful money persuant to title 12 u.s.c & 411

    True name & DBA & Legal name by paycheck"

    http://www.youtube.com/watch?v=DU6fxC5CXMg

    http://www.youtube.com/watch?v=e5Cp6...eature=related

    http://www.21silver.com/?show=merril...rve_act_remedy
     
  2. David Merrill

    David Merrill New Member

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    Thank you for posting these videos. I do not think you are going to find any redemption in metal anytime soon. However getting a full refund of withholdings is like giving yourself a 35% pay raise!
     
  3. Anders Hoveland

    Anders Hoveland Banned

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    The first step might be to get your local government to be willing to collect taxes in some other medium of exchange besides Federal Reserve Notes. I think the state of Utah has already done this. I'm not sure how many people in Utah actually are paying their state taxes in gold and silver, but if inflation outweighs the convenience of wider acceptance of Federal Reserve notes, I am sure more people would switch over.
     
  4. pimptight

    pimptight Banned

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    I believe Nixon shock ended this, not a 100% though on that.
     
  5. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    Making constitutional arguments to people who have no interest in following the constitution is useless, unfortunately :(
     
  6. David Merrill

    David Merrill New Member

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    I began to actually feel the demonstrations when this happened.


    [video=youtube;DU6fxC5CXMg]https://www.youtube.com/watch?v=DU6fxC5CXMg[/video]​


    Being a matter of law I have not really concerned myself about officials caring or not about the Constitution. There are plenty of examples why this is worth the time:


    [​IMG]


    Look carefully. The Tax Authority pondered this refund carefully enough to spont the $125 School Tax Credit adjustment.

    [​IMG]
     
  7. Maximatic

    Maximatic Well-Known Member

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    It seems to me that it's easy to show that the fiat system is not ideal for people, for the economy as a whole. But it is ideal for government. If there is a system which gives you a potentially infinite amount of money to draw from, you would choose that system too.
     
  8. camp_steveo

    camp_steveo Well-Known Member

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    Paper is worth very little when compared to precious metals.

    What were we thinking when we transitioned to a fiat currency? :omfg:
     
  9. Ivan88

    Ivan88 Well-Known Member

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    Closer Look.jpg We should all be thankful for the credit money system we have instead of the limited precious metal system we had, because most of us would not be alive under the stagnant metal money system.

    The main problem with our national credit money system is that we are charged interest on our own credit. If they alter the Federal Reserve Act to eliminate interest & bonds from the process, we would have lower cost money.

    Another main problem with our sovereign credit money system is that we spend a large portion of our credit capacity on wars that only destroy. Wars do not produce real value. If we had spent our war money on actually improving the world and America, we would have overcome all evil with good, and most the world would would be in love with America.

    To eliminate the current interest burden on previous bonds issued to cover the cost of our useless insane wars, we should develop an equitable process for resolving the interests of both bond holders and Americans.

    We should also examine the various frauds carried out in the creation of these debts as part of the process in making an equitable settlement all in accord with the basic principle laid down in our Declaration of Independence “to assume among the powers of the earth, the separate and equal station to which the Laws of nature and of nature's God entitle them,”and to have “a decent respect to the opinions of mankind”.

    But how can a nation in love with Armageddon, lies, war, suffering and death possibly do that?

    What good will reforming our sovereign credit money system do if we do not change our ugly rotten behavior that has created the problems in the first place?
    Nadejda.jpg
     
  10. dujac

    dujac Well-Known Member

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    if the founders had all agreed to put a prohibition on congress' power to regulate money, by declaring what legal tender could be, it would have been explicitly expressed in section 9 limits

    it's not there

    Article 1 Section 10 - Powers prohibited of States

    No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;

    these prohibitions are clearly for the individual states, not the federal government

    source case: U.S. vs Rifen, C.A.Mo. 1978, 577 F2d 1111


    Congress is explicitly granted power to regulate currency, and to make any law that is 'necessary and proper' to fulfill any of its enumerated powers. Therefore, if Congress can create a Bureau of Mint to coin and print money, it can also create a Bank that can regulate said currency. This argument has stood the test of time since 1791 when congress created the Bank of the United States. In 1819 the Supreme Court voted 9-0 to uphold the Second Bank of the United States. Critics also refute some claims that only gold and coin are legal tender in the U.S. The Supreme Court Case U.S. v. Rifen, 577 F.2d 1111. C.A.Mo. 1978 clearly tells us that paper money can be legal tender:

    The United States Constitution prohibits states from declaring legal tender anything other than gold or silver but does not limit Congress' power to declare what shall be legal tender for all debts.

    source: Coinage Act of 1965, §102, 31 USCA §392; USCA Const. Art. 1, §10.
     
  11. squid5689

    squid5689 Member

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    Your whole arguement has be debunked.

    ARTICLE 1, SECTION 8 OF THE CONSTITUTION STATES THAT CONGRESS SHALL HAVE THE POWER TO COIN (CREATE) MONEY AND REGULATE THE VALUE THEREOF.

    Congress only has the power to "Coin" or "Regulate the Value" basically print money not a 3rd party private company the FED which loans then charges our Country interest that you pay for out of every paycheck which I highly doubt you work for living. Legal Tender laws was only created because of President Lincoln who bypassed the Central Banking system scam and getting away with not having our country being charged with 24-36% interest. There is a huge difference of Legal Tender and Lawful money. Funny, Supreme Court Justices who where selected by the Bank Puppet President's it's obvious why Andrew Jackson being a badass he was took care of that problem. It's sad you defend the FED with your life you should go become the next Bernake, and if you had a ounce of care of our country future. Look around our country isn't in healthy shape at all, it's falling apart as we speak. Same path of the Collaspe of the Roman Empire debasing it's currecy to pay for (*)(*)(*)(*) it cannot afford such as welfare.
     
  12. David Merrill

    David Merrill New Member

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  13. David Merrill

    David Merrill New Member

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