Is THE REPEAL 16 COLALITION really trying to end taxes calculated from incomes?

[TheCount]

The title says exactly what FRN's are for, and who is authorized to use them. Its also in the federal reserve act.

No, the law does not say that. The law says that the only thing that the Federal Reserve Board can do with FRNs that they issue is advance them to reserve banks. This was to encourage banks to become reserve banks by preventing the Fed from directly using the FRNs. The Fed must route the FRNs through the reserve banks, which guarantees profits for those banks. It doesn't limit what banks and people can do with them.

The very next sentence says that FRNs are receivable by "all national and member banks" and for "for all taxes, customs, and other public dues." First, reserve banks don't pay taxes. Second, how would the national and member banks (which are not all reserve banks) receive the FRNs if a) they are not authorized to use them and b) the reserve banks are not allowed to spend them? What logical sense does this sentence make if what you believe is true? Who is paying taxes with the FRNs if the only people authorized to use FRNs are exempt?

(Side note: if your theory is right and everyone is a reserve bank, then nobody has to pay taxes. Instead, your theory is that you need to not be a reserve bank to not pay taxes, which is actually backwards. Hilariously.)

All I said was that the term person, is a legal fiction which is called a corporate person who is a citizen/ subject. All the laws pertain to them , not human beings. They are definitely two separate beings.

There is nothing about this that is true. It's one of the oldest sovcit theories and a nonstop loser in court. I'd rather focus on the whole FRN thing, though.

 

[Czolgosz]

lol, the Constitution will save us.

 

[tommyrp12]

No, the law does not say that. The law says that the only thing that the Federal Reserve Board can do with FRNs that they issue is advance them to reserve banks.(through the Federal reserve agents ), This was to encourage banks to become reserve banks by preventing the Fed from directly using the FRNs. The Fed must route the FRNs through the reserve banks (through the Federal reserve agents ), which guarantees profits for those banks. It doesn't limit what banks and people can do with them.

The very next sentence says that FRNs are receivable by "all national and member banks" and for "for all taxes, customs, and other public dues." First, reserve banks don't pay taxes. Second, how would the national and member banks (which are not all reserve banks) receive the FRNs if a) they are not authorized to use them and b) the reserve banks are not allowed to spend them? What logical sense does this sentence make if what you believe is true? Who is paying taxes with the FRNs if the only people authorized to use FRNs are exempt?

(Side note: if your theory is right and everyone is a reserve bank, then nobody has to pay taxes. Instead, your theory is that you need to not be a reserve bank to not pay taxes, which is actually backwards. Hilariously.)

12 U.S. Code § 411 - Issuance to reserve banks; nature of obligation; redemption

Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.

You are engaging in banking through the use of FRNs, which then falls within trust law as acting as an agent. Where you want to transfer... (advance them ,since no debt obligation is satisfied and no actual payment of money is involved its passing one debt to satisfy another)... them it is your choice since it is likely you would be giving them to another person acting as an agent or directly to another bank anyway.

National and member banks are federal reserve banks.
Non-Member Banks

Non-member banks can only be state-chartered, since all nationally chartered banks necessarily have to be members of the Federal Reserve System.

No one is saying banks pay or don't pay taxes I would imagine they don't, they even charge the government interest for their use, their FRNs are receivable by the government for all taxes, customs, and other public dues. So as an agent you may do so.

The entities involved in this trust concept are the (FED -agent,PERSON -Treasury). When you become the agent you have a fiduciary duty as a agent for receiving an advance of FRN's. Like paying taxes.

What is being presented is a way out of the trust by remaining private instead of a public agent. ( Fed - ( private) - Treasury) .

Leave the debt where it belongs (Fed- public- Treasury).
The trouble with the way you are reasoning I believe is because you leave out the trust law.

 

[ZENemy]

lol, the Constitution will save us.

Pieces of paper are scary!

 

[TheCount]

12 U.S. Code § 411 - Issuance to reserve banks; nature of obligation; redemption

All you did was repeat what you said, with no changes to rebut my points.

Even in what you said this time, you are saying it backwards. Re-read the passage of the Act that you changed. You are saying that the Fed Board issues the FRNs directly to you, and then in turn you are advancing them to the banks. It's breathtakingly obvious that that is not the way the system works. In addition, it is the exact opposite of what you then go on to say is true.

National and member banks are federal reserve banks.

You are wrong. Reserve banks are not merely member banks. Also, there's only 12. Lots more member banks than that.

It is a federal system, composed of a central, independent governmental agency--the Board of Governors--in Washington, D.C., and 12 regional Federal Reserve Banks, located in major cities throughout the nation.

http://www.federalreserve.gov/faqs/about_12593.htm

http://www.federalreserve.gov/otherfrb.htm

http://www.federalreserve.gov/aboutthefed/contact-banks.htm



Are you aware that the Act specifically lays out who and what Federal Reserve Agents are?

12 U.S. Code § 305 - Class C directors; selection; “Federal reserve agent”

Class C directors shall be appointed by the Board of Governors of the Federal Reserve System. They shall have been for at least two years residents of the district for which they are appointed, one of whom shall be designated by said board as chairman of the board of directors of the Federal reserve bank and as "Federal reserve agent." He shall be a person of tested banking experience, and in addition to his duties as chairman of the board of directors of the Federal reserve bank he shall be required to maintain, under regulations to be established by the Board of Governors of the Federal Reserve System, a local office of said board on the premises of the Federal reserve bank. He shall make regular reports to the Board of Governors of the Federal Reserve System and shall act as its official representative for the performance of the functions conferred upon it by this Act.

http://www.law.cornell.edu/uscode/text/12/305

12 U.S. Code § 306 - Assistants to Federal reserve agent

Subject to the approval of the Board of Governors of the Federal Reserve System, the Federal reserve agent shall appoint one or more assistants. Such assistants, who shall be persons of tested banking experience, shall assist the Federal reserve agent in the performance of his duties and shall also have power to act in his name and stead during his absence or disability. The Board of Governors of the Federal Reserve System shall require such bonds of the assistant Federal reserve agents as it may deem necessary for the protection of the United States. Assistants to the Federal reserve agent shall receive an annual compensation, to be fixed and paid in the same manner as that of the Federal reserve agent.

http://www.law.cornell.edu/uscode/text/12/306


Does any of that sound like 'every American that uses FRNs?' Are you on the board of your local Fed branch? Do you make reports to the Federal Reserve Board? Are you the official representative of the bank? Have you taken this oath of office (page 5)?

(PS: If not, you aren't a Federal Reserve Agent. Or assistant. Or alternate. Or alternate assistant.)

 

[Sonny Tufts]

You cant pay a debt with a debt.

Of course you can, if the creditor is willing to accept it. If someone owed you $1,000 and offered to give you a $5,000 publicly-traded corpoate bond in full payment, would you refuse?

 

[Danke]

Of course you can, if the creditor is willing to accept it. If someone owed you $1,000 and offered to give you a $5,000 publicly-traded corpoate bond in full payment, would you refuse?

I think you are misconstruing what he is saying. Now someone (in your example) owes $5000 of debt, so debt has not been paid, just increased. A bond is debt.

 

[Sonny Tufts]

Now someone (in your example) owes $5000 of debt, so debt has not been paid, just increased. A bond is debt.

No, the $5K debt was already out there, owed by the corporation to whoever owns the bond. The debt between the creditor and the person who owed him $1K has been satisfied (assuming that the creditor was a rational person interested in making a $4K profit and who therefore accepted the bond in payment).

The point is that the claim that FRN's are worthless debt is utter nonsense.

 

[Danke]

No, the $5K debt was already out there, owed by the corporation to whoever owns the bond. The debt between the creditor and the person who owed him $1K has been satisfied (assuming that the creditor was a rational person interested in making a $4K profit and who therefore accepted the bond in payment).

The point is that the claim that FRN's are worthless debt is utter nonsense.

FRNs are evidence of and created by debt, loaned into existence and backed by nothing tangible but a promise to pay with more FRNs.