Cracking the Code, The Fascinating Truth About Taxation in America (2003)
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Federal Reserve Bank
It isn't federal...it has no reserves ... and it isn't a bank
It is a private corporation that puts ink on toilet paper and has convinced the public that it is money..
However...it is merely private scrip from a private corporation
It's an IOU
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Company scrip is scrip (a substitute for government-issued legal tender or currency) issued by a company to pay its employees. https://en.wikipedia.org/wiki/Company_scrip
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Today, we have two competing monetary systems: The Federal Reserve System with its private credit and currency, and the public money system consisting of legal tender United States Notes and coins. One could use the public money system, paying all bills with coins and United States notes (if the notes can be obtained), or one could voluntarily use the private credit system and thereby incur the obligation to make a return of income.
United States v. Berg, 636 F.2d 203 (1980).
Sure ... but nothing to do with the topic of this thread.
Don't derail the thread.
You think what I posted has nothing to do with the subject of this thread???