Posted by Two Cities on September 26, 1997 at 15:10:23:
What is the legal status of a UNITED STATES POSTAL MONEY ORDER?
Is this an order to redeem in lawful money?
What is the legal status of a UNITED STATES NOTE?
Is this a Bearer instrument with rights of property?
What is the legal status of a FEDERAL RESERVE NOTE?
Is this an obligation of the United States to a private entity?
Does a holder of an FRN have property rights or only equitable
rights? Does touching one of these adhere all the contract clauses
of the Federal Reserve Act to the holder?
Is that why the federal income tax is an excise tax, a tax on the
activity of using private credit instruments without rights of
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