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| View Poll Results: Do you redeem lawful money pursuant to 12 USC 411? | |||
| Yes, I've been redeeming lawful money for some time now. |     | 32 | 39.02% |
| No, but I plan to start redeeming lawful money. |    | 39 | 47.56% |
| No, I enjoy the benefits of using the private credit of the Federal Reserve. |    | 3 | 3.66% |
| No, 12 USC 411 has no relevance. |    | 8 | 9.76% |
| Voters: 82. You may not vote on this poll | |||
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03-03-2010, 07:39 PM
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| Redeemed for lawful money pursuant to 12 USC 411 About Me: Hi, everyone. My name is Rock Anthony. I live in near Chicago and work as a computer programmer. About this thread: Beginning the week 7-Mar-2010, I shall stamp on my paycheck the following non-endorsement: DEPOSITED FOR CREDIT ON ACCOUNT OR REDEEMED FOR LAWFUL MONEY PURSUANT 12 USC 411. MY SIGNATURE IS NOT AN ENDORSEMENT OF PRIVATE CREDIT. I started this thead to share with whomever is interested my experience with my bank - and, eventually, my experience with the IRS come tax time next year. Special thanks to David Merrill for bringing back to the minds of Americans the remedy found in the Federal Reserve Act. P.S. I'm pondering whether or not to stamp on the backside of redeemed FRNs something to the effect of: REDEEMED FOR LAWFUL MONEY PURSUANT 12 USC 411 AS OF [DATE] Has anyone done this already? Please chime in. Last edited by jonsonroc; 07-06-2010 at 11:31 AM. Reason: Corrected my name.  |
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