Posted from Sovereign Warriors
Most people don’t realize that your general indorsement of a check deposited in a bank, is your BOND, constituting acceptance of a PRIVATE CREDIT, thus making you and everything you own, a COLLATERAL behind the federal (national) debt. On the other hand, indorsing the check with a demand for lawful money, makes the deposit into lawful money.
So you see, by a GENERAL indorsement of your paychecks, you’re BONDING FRNs with everything you own. I.e. you’re adding yourself and your property to the “full faith and credit of United States” which backs the Federal Reserve Notes. And since it’s the Federal Reserve which lends those FRNs to Congress, the FedRes now has the FIRST LIEN against all your property. I.e. you didn’t pay with REAL money for your property, you’ve only DISCHARGED debts with FRNs, so you DON’T have the full title to it. It’s all a collateral for the $20 trillion federal debt, and the FedRes has a first (secret) LIEN against it.
Now, they won’t give you gold coins, since US is bankrupt and can’t issue real gold money into circulation, but it will NOT add to the national debt, and the bank won’t be able to use that deposit to fractionally lend – you know, to lend out 10 times more than they have on deposit.
With lawful money, they only can lend out no more than they have on deposit, not 10 times more. So if everyone made demand for lawful money when depositing their paychecks, banks would be lending out 10 times LESS, and those deposits would NOT add to the federal debt. And that means 10 times SMALLER profits (via interest) for the banksters.
So you see, when you indorse paychecks without a demand for LM, you’re living ON CREDIT = borrowed money, which is further magnified by fractional lending, which creates 10 times more “money” into circulation. Demanding lawful money, puts a stop to that – no more fractional lending and no more raising federal debt, and no more being a subject to statutes and codes, and being a surety for all that debt.
We’re talking here about a 12USC411 demand for lawful money. The current demand (paycheck indorsement) we’re using is:
Demand is made for Lawful Money
Pursuant to title 12USC411
Jaro Henry Smith; dba JARO HENRY SMITH
The above is what is called a, “Non-indorsement indorsement.” For you are electing to NOT indorse private credit, and are electing to indorse Public Money which is both interest free and tax free. And Lawful Money is without the United States. Therefore, wherever Lawful Money is demanded, it creates a non-taxable event that DOES NOT fall under the jurisdictional controls that would otherwise govern the transaction if you were to indorse private credit by a general indorsment. Specifically, that which governs the GENERAL INDORSEMENT of the private credit of the private Federal Reserve Bank is the non-positive Title 26 of the United States Code (USC), wherein constitutors who have agreed by the indorsement of private credit to pay the debts of the United States (National Debt) and are indeed contractually obligated and duty bound to perform accordingly. This is why the IRS exists.
David Merrill mentions a guy who added this verbiage to his bank signature card:
“He’d been redeeming lawful money on his signature card with his bank. He’d altered the signature card for the authorizing signature to redeem lawful money on every transaction.
They called him, under false pretenses, saying his wife had trouble with her account. So, he went into the bank and then found out that they were telling him, “We’re closing down your accounts unless you change it back.” So, he changed it back because he needed the accounts.
What we did is we got him a certified copy of this from the County Clerk and Recorder in Colorado Springs, and then he took it up to Denver, showed it to them and they allowed him to redeem lawful money on his account by signature card again. They allowed him to change it back.
This suitor is a state employee in California. He retroactively got refunds from the state for two years by simply declaring, in effect, “If I had known in good faith I could have been redeeming lawful money, I would have been doing so for these past two years.””
So he forced his bank to accept his demand for lawful money on a signature card, by giving them a CERTIFIED copy of 12USC411. You can get it from a county recorder, by calling 7195206200 and asking for reception #207015932 filed February 5, 2007.
This also raises the possibility of redeeming withholdings. That is to say, if an employee is having withholdings sent to the IRS during the year, he could get a full refund by redeeming lawful money simply by proving that he had been redeeming lawful money all year long. Which is to say, if he showed that refund check to his boss, his boss might discontinue withholding because the IRS had been unlawfully using the interest on all those funds during that year before he got his refund.
This would probably be best done by sending a bank a NOTICE that you demand redemption of all bank account deposits in lawful money, pursuant to 12USC411, from now until a futher notice. Add to that a copy of the certified 12USC411 from county recorder, and send it certified to the bank. Then a copy of that notice would be your proof, which you could then send to the IRS and State Franchise Board in regard to your income tax liability, or when asking for a refund of the taxes you already paid. And when doing that, I’d cc a copy of the Notice to the IRS in Washington DC, immediately.
I.e. “If I had known in good faith I could have been redeeming lawful money, I would have been doing so for these past seven years. Please refund all the income tax payment (or withholdings) for the past 7 years.”
So it’s your choice; Either accept PRIVATE CREDIT from the Fed (by general indorsement of your paychecks), or get an equivalent of lawful money, by a 12USC411 Demand for lawful money.
And if someone tells you that you don’t have the right to redeem lawful money, just show them Title 12 Section 411 [United States Code] and Section 16 of the Federal Reserve Act. That’s your remedy. That’s the law that says so, and it’s current law.
And if they tell you you’re doing it incorrectly, then simply say, “Well then the burden is on you to show me how it’s done correctly.”
Plus, the US Supreme Court has ruled twice on the validity of Lawful Money in U.S. v RICKMAN (1980), http://openjurist.org/638/f2d/182/united-states-v-a-rickman, and as recently as U.S. v. WARE (2002), http://openjurist.org/282/f3d/902/united-states-v-ware. Both cases clearly affirm the fact that the Federal Reserve Note can be either a Federal Reserve Note OR a United States Note. Additionally, these two cases were decided after 1938, when courts changed from courts of Law (common law), to courts of STATUTES (admiralty/statutory jurisdiction).
So if you do not demand Lawful Money then it is assumed that it’s your intent to indorse private credit. So a demand for lawful money becomes what is called, “Paper Gold”, as it’s an equivalent of real gold, via “Special Drawing Rights.”
You also can read David’s long article about this here: