This government cannot
be following the LON, and this government is nothing more then a corporate
bully, as they allow the Federal Reserve to counterfeit money of another nation
(America). LON Book 1 Chapter X § 108: “How one nation may injure another in
the article of coin: From the principles just laid down, it is easy to
conclude, that if one nation counterfeits the money of another, or if she
allows and protects false-coiners who presume to do it, she does that
nation an injury. However, commonly criminals of this class find no
protection anywhere — all princes being equally interested in exterminating
them”.
Then again, the Federal
Reserve System is not a country, is not a member of any country, and yet it still
robs the people, by creating false-coins. They are not a state, as state is
also a designation for a country or land, “a man’s home is his castle”, and “‘sovereign’
is a landowner”. The constitution clearly reflects this: “No state shall make
any Thing but gold and silver Coin a Tender in payment of debts”. Therefore,
here, in the USA, we need not the Federal Reserve, as long as the people create
Tender out of Gold, or Silver, when paying debts owed to the Government, as
that is the only form to pay debts the government can accept. (Definition: Accept: To
receive with approval or satisfaction: to receive with intent. Black’s Law Dictionary 4th)
We, the people, as individuals, are not
a country, nor could we be with a common currency. Even if we were to coin our
own money, as each of us, the people, are sovereign. We could create bonds;
this would be circulating foreign commercial paper. Why is this important to
understand? Besides not having lawful money (gold or silver), it infringes on
our right to contract, and pay debts to the government, and government created
entities (everything that exists on paper). If our contracts use the symbol of
“$”, or the word “pay” in the contracts, or
anything that reflects “dollars” to the government, then it reflects “gold or
silver currency” for the debt, lawful money, reflecting the “gold and silver
clause” in the constitution. If you use any Thing, other then gold or silver to
pay a debt in any connection to the government created accounts, or numbers,
then contractually, it is invalid. You are in dishonor; breach of contract;
lied; committed fraud; support rebellion; or simply, you are an enemy of the
Republic.
Is FRNs legal tender? Yes.
Nevertheless, some would have an opposing point of view. So let us look at the
opposing view first. This is the Federal Reserve Act of 1913 under § 18 of the Federal Reserve Act (38
Stat., 268, 269) the various Federal reserve banks could issue circulating
notes of the same tenor and under nearly identical terms and conditions as the
circulating notes of the national banks.
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This is an example a Federal Reserve Bank
Note. A “National Currency” (note). Issued pursuant § 18 of the Federal Reserve
Act. It states on the top, “National Currency” signed by the Controller and
Governor, I assume of the Federal Reserve Bank of St Louis. It also states will
“PAY” to the Bearer on Demand. Now we have Federal Reserve Notes that do not
have the same verbiage but claims to be legal tender. Can a note be legal tender?
If I give you a note, also known as a promissory note, is it legal tender? What
if I were to write on the note, good for all debts public and private? The Federal Reserve Bank issues the above, and
it was lawful money, now we have legal tender issued by the Federal Reserve
System. Where is this authorized? I cannot find it. If you find it, share it.
In 1982 Congress re-codified Title 31, Money and Finance by way of a
statute known as P.L. 97-258, 96 Stat. 877. In that statute the legal tender, status
of United States coins and currencies was re-assigned, at § 5103. Legal Tender “United States
coins and currency (including Federal reserve notes and circulating notes of
Federal reserve banks and national banks) are legal tender for all debts. Where
is the Federal Reserve System? Foreign gold or silver coins are not legal
tender for debts.” Why is any gold not legal tender? Because; it is lawful
money. Lawful money, credit instruments, cannot co-mingle with debt instruments,
Federal Reserve Notes. Would you put accounts receivable and
accounts payable in the same place?
As the Federal Reserve System is not a part of the government and is a
private corporation, foreign gold and silver would include, United States Silver
and Gold coins and all that is built upon it. This also means that FRNs are not
US Currency, as this statute includes FRNs, as a part of the legal tender, thus
indicating they are different species. Now foreign coins are not legal tender
for debts but they could be lawful money, if it is made of, or backed by gold
or silver. It does not mean that lawful foreign coins cannot be used for debts,
it just kind of puts us in a situation we can only use FRNs (foreign tender),
for debts. You have a cloud over the title of everything
you purchase with FRN’s, because you did not “pay” for it. Recall US
Constitution, Article 1 §10:
“No State shall.... pass any.... Law impairing the Obligation of Contracts”. Contracts
demand the use of “$”, US Currency, or “pay”; that is to say,
gold and/or silver. So the question, is there a law that changed that? Where
did the law come from? What changed that requirement? Is it legal? We have seen the US Constitution claims
debts must be “paid” in gold or silver, for all debts. No statute can abrogate
the Constitutional requirement of the use of gold and silver to pay debts, in
the republican form of government. This changed in 1933 in congress: an act of rebellion
against these United States of America. However, this is not so in the
Democracy. This is a bankrupt corporation impersonating a government, in an act
of rebellion and in agreement with the 14th amendment. Why Bankrupt?
The Corporate Democracy, US, of which has no credit instruments, (Gold and/or
Silver) just debt instruments. If all I have are debts and cannot pay them,
what actions would I take other than bankruptcy?
Yet, in all of this it
also claims “and circulating notes”, below in HJR 192. Regardless, it is not
lawful currency; it might be legal tender. States can coin their own money, at
any time. People can also, however, do not call them a dollar. Call it 999.999%
silver, one ounce, but never a dollar. Dollar is a US Term and value. You
cannot give it a name similar to any country. Name it your last name- sorry,
should be your- family name with Estate: Doe Estate, John occupant of the
executor office, Seattle, Washington, 99.9 % pure silver, if it in fact is. You
created it, why can you not put your seal on it?
Now let us examine the
other side of the coin. A Federal Reserve note is both a note and a dollar. It
is a note in the sense that it represents a promise by the United States to pay
the stated face amount of the instrument to the bearer on demand in lawful
money. It is a dollar in the sense that the value of the note is stated in
units of one dollar. The statutory authority for the creation and issuance of
Federal Reserve notes is provided by § 16 of the Federal Reserve Act (see 12
O.S.C. S 411). That section provides that Federal Reserve notes, to be issued
at the discretion of the Board of Governors of the Federal Reserve System,
shall be obligations of the United States redeemable in “lawful money” on
demand at the Treasury Department in Washington, D.C. or at any Federal Reserve
Bank. In this connection, it should be noted that Federal Reserve notes are
themselves lawful money. Although not defined by statute, the term “lawful
money” is generally regarded as meaning any medium of exchange that freely
circulates from hand to hand as money under sanction of law. The decisions of
the courts indicate that lawful money includes the classes of money that are
declared by the laws of the United States to be legal tender. Since title 31 §
392 provides that all coins and currencies of the United States, including
Federal Reserve notes, regardless of when coined or issued, are legal tender
for all debts, a Federal Reserve note is legal tender.