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Old 28-09-2017, 06:04 AM   #1
jglee430
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Default Federal Reserve Note is a conditional bill of credit!!!

A check or a note is an negotiable instrument. To be an negotiable instrument, the only instruction is to pay money. There cannot be any additional condition except to maintain collateral, the name of the person entitled to payment, and date of payment. If no date on the instrument, then payment of money must be the same day upon presentment.

To be tender, it must be an unconditional offer or promise to pay money. Federal Reserve Notes cannot be money. A note is not money but a demand for money.

Gold and Silver Coins under the US Constitution are tender in payment of debt. A legal or lawful tender still cannot be money but an demand for money with no condition.

The truth is no government around the world ever pay money. They only give promises to pay money. When trying to redeem money, the government give more promises to pay.

To be a negotiable instrument or tender, there must unconditional promise or offer to pay money.

Federal Reserve Notes and US Coins including gold and silver coins are conditional bill of credit. When presented to the US Treasury, they don't pay money.

A conditional bill of credit is a promises to pay money when money becomes available and upon approval from the government.

The money con is worldwide. No government on earth ever pay out money in history. People are passing conditional bills of credit to each other and pretend it is money.

Last edited by jglee430; 28-09-2017 at 06:11 AM.
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Old 28-09-2017, 02:30 PM   #2
jglee430
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Default Not Credit

Federal Reserve Notes and US Coins cannot be credit. To be credit, money must be available and redeemable. If there is no money in store or can be obtainable by the issuer, then it cannot be credit.

If you get credit in the store, the store must either have the merchandise or the store must able to obtain the merchandise.

The US Treasury doesn't have money in store and does not have the ability to obtain money. It is a commercial impossibility for the US Treasury obtain money.

Since it is a commercial impossibility for the US Treasury, Federal Reserve Notes and US Coins cannot be valid credit.

The Federal Reserve Notes and US Coins are dishonored instruments. There is no evidence that the issuer which is US Treasury ever pay money or keep their promise to pay money

Last edited by jglee430; 28-09-2017 at 02:39 PM.
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Old 28-09-2017, 02:38 PM   #3
eurosianguy
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ooh wow you sound so wise with all your fancy words and circula logic- yet you have no clue how sad-
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Old 29-09-2017, 09:47 PM   #4
reverendjim
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i think the government and courts use the federal reserve act to determine legal tender and all its ins and outs. they don't care about soveriegn citizen concerns regarding said notes. it doesn't even matter if these soveriegn citizen concerns are valid. and it seems to me the federal reserve act would address those issues and claims. after all...its the law. right or wrong or immoral doesn't matter. the law is the law. the only way to fight it is to change the law. good luck with that.
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