Redemption of FRN??

[GenXPatriot]

Thanks David,

I will check out that info. I am still VERY new to all of this. There is alot I don't understand. But I am doing my best to learn, and educate myself. Alot of you on here are WAY ahead of me and sometimes that makes it difficult to figure out what you are trying to tell me. I will keep up the best I can.

[GenXPatriot]

I read the 1984 article on FRN and Lawful money.

Can anyone clarify that for me. Is it incorrect? Are there sources to reference? What about the 2 codes I cited earlier.

Or is this another dead end?

[David Merrill]

Originally Posted by GenXPatriot

I read the 1984 article on FRN and Lawful money.

Can anyone clarify that for me. Is it incorrect? Are there sources to reference? What about the 2 codes I cited earlier.

Or is this another dead end?

I checked out about five or six cases that were of interest to me. They say what the article reports.

[antjraf]

[quote=David Merrill]Why redeem lawful money twice? That would be the waste of gasoline I was warning about.


I wouldn't want to redeem lawful money twice. What I would want is to receive 1 oz. of gold for every $42.22 I hand them or the equivalent in FRNs which would permit me to buy gold somewhere else (about $900 in FRNs for every $42.22 in lawful money I hand them). Is this approach a reality in law or just a technique which will get you thrown out at gunpoint?

[David Merrill]

[quote=antjraf]

Originally Posted by David Merrill

Why redeem lawful money twice? That would be the waste of gasoline I was warning about.


I wouldn't want to redeem lawful money twice. What I would want is to receive 1 oz. of gold for every $42.22 I hand them or the equivalent in FRNs which would permit me to buy gold somewhere else (about $900 in FRNs for every $42.22 in lawful money I hand them). Is this approach a reality in law or just a technique which will get you thrown out at gunpoint?

You will collapse the discrepancy between the US dollar and the Federal Reserve Note before you can get back to the first window.

That would be a nice reality check.

You need to look at the paragraph attached how gold may be brought back into the system later. I talked this over with an elderly coin/gold dealer. He finds nothing wrong with it but hopes I do not think of him should I try it.


Regards,

David Merrill.

[antjraf]

[quote=David Merrill]

Originally Posted by antjraf

You will collapse the discrepancy between the US dollar and the Federal Reserve Note before you can get back to the first window.

That would be a nice reality check.

You need to look at the paragraph attached how gold may be brought back into the system later. I talked this over with an elderly coin/gold dealer. He finds nothing wrong with it but hopes I do not think of him should I try it.


Regards,

David Merrill.

So gold is valued in the treasury at $42.22/oz, but "Joe Schmo" can't take advantage of this until sometime in the future...maybe. It seems like redeeming lawful money will only keep the IRS from trying to collect taxes, but wont give us non-inflation purchasing power. Well, one out of two ain't bad!

[GenXPatriot]

Ok. So what about the coins Vs. Dollars?

According to the 1984 article coins did not fall under FR. May be a pain in the ass (lol) but what about only using dollar coins and smaller change?

Any info on that?

[David Merrill]

[quote=antjraf]

Originally Posted by David Merrill

So gold is valued in the treasury at $42.22/oz, but "Joe Schmo" can't take advantage of this until sometime in the future...maybe. It seems like redeeming lawful money will only keep the IRS from trying to collect taxes, but wont give us non-inflation purchasing power. Well, one out of two ain't bad!

That future may be the first guy to demand lawful money then take that lawful money to the Fed for an ounce of gold at $42.22/ounce. I keep attaching this Withdrawal Slip and may have to link it instead for bandwidth. The suitor would take those same bills into a Fed bank to buy gold.

Ok. So what about the coins Vs. Dollars?

According to the 1984 article coins did not fall under FR. May be a pain in the ass (lol) but what about only using dollar coins and smaller change?

Any info on that?

The reason I presume, you do not make much sense is that you equate FRNs with Dollars. US Dollars and FRNs are not the same thing albeit in common language and usage you are justified in the misperception. US Dollars (US notes) are inelastic. Whereas notes from the Fed are elastic. Therefore the discrepancy being discussed here between the earmarked value of the UN's IMF Trust Fund gold value ($42.22/ounce) and Spot, nearly $1K/ounce.



Regards,

David Merrill.

[GenXPatriot]

David,

Yes I know there is a difference between a US Note and a FRN. Sorry if the last post was not "correct". 5 hours of sleep and two infants don't do much for making me and english major.

I attached the article I was refering to. Like I said I am new to this. Is there anything that qualifies as a simple answer?

Or can someone else answer my question???

[David Merrill]

Originally Posted by GenXPatriot

David,

Yes I know there is a difference between a US Note and a FRN. Sorry if the last post was not "correct". 5 hours of sleep and two infants don't do much for making me and english major.

I attached the article I was refering to. Like I said I am new to this. Is there anything that qualifies as a simple answer?

Or can someone else answer my question???

Please be patient with my being abrupt. When I read a post a few times and cannot piece it together I look for an incorrect presumption. Now that you see the incorrect presumption you made, I figure you have withdrawn the question. But you have not so I will try again but building on what I already told you about the $.22 in the $42.22/ounce above.

Ok. So what about the coins Vs. Dollars?

According to the 1984 article coins did not fall under FR. May be a pain in the ass (lol) but what about only using dollar coins and smaller change?

Any info on that?

The $.22 in coin is an absurdity. This is because the coins are fractional values for two disparately valued currencies. When we dabble in the metaphysics of law, we must do our best to reconcile absurdities with reality. And the only truth to use is that when we endorse the private credit from the Fed, we and our substance becomes the bond behind the elasticity that has cause this discrepancy - now 2000% between the two currencies that the coins divide equally into the units of.

In other words there should be two sets of coins. The ones that say US Dollars and the ones that say Federal Reserve Tokens.


Regards,

David Merrill.