1040 help

[shikamaru]

Elegant!

In my mind this demonstrates one objective truth. Which is to say that there are a variety of methods to approach it. There are as many perspectives on the truth as there are people speaking about it.

What you bring to my mind is the perspective I sometimes acquire that FRNs are insurance policies. Redemption is merely making a claim. I started a thread recently about settling the bill with a Redemption Stamp across the dead President, showing authority to Redeem across the boundary between the Treasury and the Fed.

I hope you share this.

Could FRNs be likened to stock certificates?

[David Merrill]

Could FRNs be likened to stock certificates?

Exactly. My purpose about the insurance model is to explain why the admiralty law presides. If a stock certificate is endorsed in general, like FRN's as bills, then they can be passed. If you redeem the certificate then it is no longer any good. If you redeem the FRN it is no longer any good.

This happened lately and I showed this on a thread. The new suitor, in setting up an evidence repository was using a large Demand stamp and putting it across the dead President on the front of the certificate. Defacing it and emptying it of value, as it was livered to the clerk of court of the United States (Federal Reserve) District. So the clerk of court, consulting with the attorney in a federal judge robe had to accept that this bill set had no value, but was to be honored or admit the suitor had the authority to deface the money with impunity.

Does not the power to destroy only compliment the power to create?


P.S. The postage stamp value being absorbed in labor and technology is a great example of redeeming a stock certificate.

P.P.S. Post works in many ways. This is the numero-linguistic interface in action. Post-Demand (after the demand) the authority to create off the bill is released. The postal clerk calls his round-date "cancellation".