Thursday, January 9, 2014

Demand United States notes “Lawful Money!” Common-Law Remedy

Demand United States notes “Lawful Money!” 
Common-Law Remedy Long Live The Republic

Since HJR-192 has been repealed “People” can refuse to be paid in anything less than “Lawful Money.”


Since HJR-192 has been repealed (1982). “People” can refuse to be paid in anything less than “lawful money.” Once the “People” refuse to accept anything less than “lawful money” the banks are placed in a most difficult position. “Lawfully” the banks “must” pay in “lawful money.” It’s more likely than not that the banks don’t have “lawful money” or maybe not enough to fulfill said transaction request, which translates the banks are insolvent, also known as bankrupt!

Federal Reserve notes are proof of the "Bank Holiday" declared by President Roosevelt in 1933. United States notes were in circulation at the time of the President's "Declaration in 1933."

Federal Reserve notes (debt currency) v. United States notes “Lawful Money” (debt-free)
By demanding United States notes “Lawful Money” at the time of cashing any paycheck, you’re avoiding the taxable event:

Redeemed in lawful money Pursuant to 12 USC 411:
True Name: d/b/a/ TRADE NAME (FICTION)

You’re avoiding the activity — or the verb — of endorsement. [restrictive endorsement because it 'restricts' how the bank may negotiate the instrument.]

What this means thirty-two years later. During the time when HJR-192 supposedly was “law” Americans had no resort to the common-law remedies which had been available whenever there had been a breach of contract (obligation) which required payment in a particular kind of coin or currency (or maybe, commodity). The “law” pursuant to HJR-192 set aside or “suspended” the common-law in regards to payments of contracts in money, or as it might be said in another way, HJR-192 was very much a bank’s delight because it effectuated a “suspension of redemption” of all of the outstanding circulating notes as well as newly created “legal” ability to “negotiate” checks and other money, denominated securities without having to pay out lawful money, meaning gold or silver coin. Instead the banks could discharge their fiduciary duty by offering that is “tendering” anything that was legal tender at that time.

Please take note HJR-192 did not by express terms repeal any pre-existing common-law remedies. At most, it indirectly suspended the ability to use common-law remedies for a while. The while lasted from 1933 to 1982 almost 50 years. Upon repeal of HJR-192 “all” of the older common-law remedies became available again and the banks could not “legally” evade their “fiduciary duty” to pay in “lawful money.” Banks have continued to avoid their duty (obligation) it seems because the “People” have not demanded that banks pay in dollars of “lawful money” and refused to accept anything less including Federal Reserve notes when tendered.  

Congress has the power to abolish the Federal Reserve System destroying the private credit system. However, the people have it within their power to strip the Fed of its powers, rescind private credit and get the bankers to pay off the National Debt should Congress fail to act.

Anyone can present Federal Reserve notes to any Federal Reserve Bank and demand redemption in public money — i.e. legal tender United States notes and coins. A Federal Reserve note is a fixed obligation or evidence of indebtedness which pledges redemption (12 USC 411) in public money to the note holder.

The Fed maintain a ready supply of United States notes in hundred dollar denominations for redemption purposes should it be required, and coins are available to satisfy claims for smaller amounts. However, should the general public decide to redeem large amounts of private credit for public money, a financial melt-down within the Fed would quickly occur.



6 comments:

Anonymous said...

Lawful money would NOT be a NOTE! If the word NOTE appears anywhere on the currency it will NOT be ;awful money People are still not getting it. A NOTE is a NOTE is a NOTE and it always denotes CREDIT. It's as simple as that. So anytime you see someone report that the new money will be a note you can color that as dis-information.

Anonymous said...

Anonymous 12:43...

for you view, re-view

United States Notes (also known as Legal Tender Notes because of their payment obligation stating "This Note is a Legal Tender") are characterized by a red seal and serial number. They were among the first national currency of the United States, authorized by the Legal Tender Act of 1862 and began circulating during the American Civil War. They immediately followed the Demand Notes of 1861, and also the Interest Bearing Notes at the time, which were an offshoot of government bonds that were allowed to circulate. They preceded the National Bank Notes and Gold Certificates of 1865.

United States Notes were printed in the following denominations: $1.00, $2.00, $5.00, $10.00, $20.00, $50.00, $100.00, $500.00, $1000.00, $5000.00 and $10,000.00.

The Treasury Department issued these Legal Tender Notes directly into circulation, and they are obligations of the United States Government. The issuance of United States Notes is subject to limitations established by Congress. In order to stimulate the economy, the Acts of July 10th, 1862 and March 3rd, 1863 (among other things) established a statutory limitation of $300 million on the amount of United States Notes authorized to be outstanding and in circulation.

http://www.wordiq.com/definition/United_States_dollar

Anonymous said...

Clarification – research by Bez7 who is old enough to remember Silver Certificates that could be exchanged for silver coin worth a dollar.
Myth #14. "Lawful money" is only gold or silver coin as prescribed by the constitution. The U.S. has been without any such money since 1968.
http://famguardian.org/Subjects/MoneyBanking/FederalReserve/FRconspire/lawful.htm

What is lawful money? How is it different from legal tender? Per the Federal Reserve word art
http://www.federalreserve.gov/faqs/currency_15197.htm

Lawful Money - Investopedia explains 'Lawful Money'
Filed Under: Government Bond, T-bonds, T-notes
Definition of 'Lawful Money'
Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves. Fiat money includes legal tender such as paper money, checks, drafts and bank notes.

Anonymous said...

after redeeming FRNs at the bank for lawful money. can you use the monies received in lawful money to pay your bills? what is the change you get back from paying your bills ? still lawful money? IS it preferable you use your banks personal checks and stamp it redeemed for lawful money above your signature?

Anonymous said...

when you sign you name , lets say to pay for a book order from amazon, do you sign you True Name , LEGAL NAME , or True Name dba; LEGAL NAME?
THANKS

David Merrill said...

Please explore my claim in the five-minute video - https://www.youtube.com/watch?v=q_hixqP24lE

People on www.nextdoor.com are saying some great things about Lawful Money Trust:

Denise E. from Alta Vista; "They have the most advanced knowledge of "real" law and truth about what is actually going on in the financial world WITH SOLUTIONS too."

keith-dolan from Nolan Hills; "This is a great way to protect you assets and I highly recommend..."

Michael R. from Fairhope; "Lawful Money Trust is a "how to" education for all who are interested in retaining the full value and use of labor and heritage as well as defending the liberty of future generations."

Russ W. from Reynolds Corners; "Lawful Money Trust is the most complete information about truth concerning a host of realities for folks who want to be responsible for their own lives and the correct interactions with all others."

What is really amazing about Nextdoor dot COM is how these Recommendations amplify visibility of Lawful Money Trust dot COM across America. From just nine Recommends LMT has reached 175 neighborhoods and a steadily growing 22,175 homes. So please click this Recommend link to get started knowing who your neighbors are and joining in the fun of a private network that is geographically centered around your home. Yard sale items, security alerts, shopping local for repairs, remodeling etc...

https://nextdoor.com/pages/lawful-money-trust-raleigh-nc/recommend/