SeekLiberty watched the video linked from my signature and asked:
Many patriots have tried that. And they walk away with FRNs again not realizing that the simplicity of having the remedy in full force and effect means that if you endorse your paycheck, you get FRNs. If you non-endorse your paycheck you get US notes in the form of FRNs.
By walking into the bank admitting you are carrying FRNs by trying to redeem them in lawful money US notes, you admit to the tax burden of the private credit in your hand!
In 1971 the Treasury decided that FRNs function well for US notes so they quit putting any more US notes into circulation. However my $2 US notes ($12 at a coin shop) is still good for $2 worth of merchandise anywhere. Whether or not you are carrying FRNs is up to you. You can still get remedy - lawful money - the difference is whether you bond the currency yourself or make the US obliged to bond it.
Like I said above. You must get public money/lawful money in the first instance. Forget about trading FRNs for it because that means if you got the FRNs honestly you endorsed private credit from the Fed to get them in your hand.
One instance is where a suitor cashed a rubber paycheck at his own bank. It was a rubber paycheck and when his bank gave the instrument back, they had torn the non-endorsement verbiage off the end! They had fractionalized on the funds anyway and had to cover that up - without the man's bond, that is counterfeiting.
http://www.suijuris.net/forum/attach...g?d=1164383731
Regards,
David Merrill.
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