Quote:
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Originally Posted by David Merrill
Simply put. If you purchase a shirt with private credit from the Fed the Treasury holds a first lien position on that shirt because you never paid it off. If you lose an administrative dispute with the IRS the Fed will place notice Notice of Federal Tax Lien on the shirt to let all interested parties know if you try selling it, there is a first lien on it by the Treasury. (see attachment)
But if you walk out of the bank having redeemed lawful money, then whatever you purchase is lien free - allodium. It is really that simple. I suggest you might use the simpler:
Regards,
David Merrill.
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This goes right along what I said in the HR192 thread that's going on. The in personam debt is paid. The in rem (property acquired) does not get paid because you do not have full title without
payment. You Can not pay with FRN's only discharge the debt. The claim to the substance of the debt remains forever. or until payed with lawful money or offset with some other substance
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