Redeem lawful money - abolish the FedSubmitted by David Merrill on Sun, 07/22/2007 - 09:01
Dogster says: http://dailypaul.com/node/640
"I greatly appreciate the time you've taken to explain your theory of the income tax problem. The arguments you've presented are sufficient to convince me they are plausible."
And I said in the opening post:
"So do Ron Paul a big favor. Take up the task and responsibility for cashing your paychecks in a system of just weights and abolish the Fed ourselves. Then he will have a constituency; as well as the rest of Congress to start looking at legislation to finish the job we start."
In case you browsed here directly, this thread is about a video I produced while upset with Aaron Russo for producing "America: Freedom to Fascism".
The remedy, redeeming lawful money was enacted by law as the "elastic currency" of the Federal Reserve Act was ratified - in 1913. And it was amended in 1934 to accomodate the gold seizure of the Bankers' Holiday:
1934â€”Act Jan. 30, 1934, struck out from last sentence provision permitting redemption in gold."
Richinfish implied it might be economical to invest in Liberty Dollars:
"Another way to exchange your dollars for gold and silver money is to get Liberty Dollars. You can exchange your FRN's for Liberty Dollars one for one. Liberty Dollars come in the actual metal form, or the paper "receipt" form, or digital form. Its all 100% backed by Silver and Gold!"
For obvious reasons, it is difficult to discern the weight of these coins. But let's say that the copper Ron Paul coin weighs twice what a penny does. You have purchased about 2 cents of copper for a $1. So do not get fooled into thinking the gold seizure never happened. The courts will support we are entitled to redeem FRNs in lawful money - but ignoring history is stupid:
Dogster wants proof:
"I am more interested in the relief that has been obtained. You mentioned hundreds of suitors. Did they get tax refunds?"
These "suitors" are courts of competent jurisdiction:
"...the United States, ... within their respective districts, as well as upon the high seas; (a) saving to suitors, in all cases, the right of a common law remedy, where the common law is competent to give it; and shall also have exclusive original cognizance of all seizures on land,..." The First Judiciary Act; September 24, 1789; Chapter 20, page 77. The Constitution of the United States of America, Revised and Annotated - Analysis and Interpretation - 1982; Article III, Â§2, Cl. 1 Diversity of Citizenship, U.S. Government Printing Office document 99-16, p. 741.
Since I framed the remedy as it stands within the scope of Libel of Review in the US district courts, I know it works and have therefore not been collecting testimony. One suitor wanted me to have this:
And since he was a state employee getting full refunds retroactively on the Good Faith argument that he simply intended to be redeeming lawful money all along, now that he knows how, I archived the image so that people can see.
Endorsement is bond and I would rather teach people how to fish than give them a fish to eat today. So let me explain what I am doing here. Ronald Ernest keeps putting bills before Congress that do not last as long as it takes for him to say them. That is because people like you continue endorsing private credit from the Fed with your signatures on the backs of your paychecks. Ron is there representing you and you are endorsing private credit. He puts these bills forward against the wishes of the Preamble Union of People and all the other Congressmen know it. They know what the people in America want because you all say what you want - private credit from the Fed - every paycheck you endorse for private credit. "Give me More!! Give me more debt!"
China followed suit unpegging from gold (SDRs - Special Drawing Rights are "paper gold"; early "e-gold") but instead of 1976 they did it in 2005 - ergo look where China is in account deficit in relation to the US at the bottom.
"In July 2005, China revalued its currency by 2.1% against the US dollar and moved to an exchange rate system that references a basket of currencies."
From the State Department Bulletin, preamble to the Jamaica Rambouillet Accord - 1975:
More evidence for Dogster in the next post...