iBankCoin
Joined Nov 11, 2007
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Have Uncle Sam and the State Pay Your Debts

“……”Chap 48, 48 Stat. 112” is the Remedy

Since the Federal Government took away the gold coin money in 1933, thus causing the States to suspend operations by preventing them from honoring their obligation to pay their debts in gold and silver coin, then there had to be a remedy. “Chap 48, 48 Stat. 112” is the remedy, not just for the States, but also for the sovereign men and women who created the States. Until gold and silver coinage is reinstated in sufficient quantities for general circulation, that remedy cannot be repealed. Congress may have repealed some parts of “HJR-192”, or even all of it, because “HJR-192” is merely a resolution for Congress and its subjects. However, the true remedy is provided to the people by Public Law: “Chap 48, 48 Stat. 112”.

Until Lawful Money Returns, the Remedy will ALWAYS be there

Until the State Governments come out of suspension, by the Federal Government’s placing sufficient quantities of lawful money into general circulation, your remedy, pursuant to “Chap 48, 48 Stat. 112” cannot be repealed and will continue to be there. The remedy of the subjects/citizens found at “HJR-192” might not be there because their remedy is nothing but a resolution, but the remedy of the sovereign found at Public Law: “Chap 48, 48 Stat. 112” will still be there because a sovereign’s remedy is Public Law.

If, as many uninformed sovereigns claim, the promise that the Federal Government will pay your debts, dollar for dollar, is no longer valid, then these sovereigns have no basis for claiming their remedy by using the 1099-OID process for the refund of out-of pocket funds expended to pay their debts. Either (1) you believe that the Federal Government repealed your remedy, and therefore, there is no 1099-OID refund process available to you, or (2) you believe the Government has an obligation to pay your debts, dollar for dollar, and therefore, the 1099-OID process for a refund is your remedy and you can use it to recover the funds you expended to take care of your debt obligations. You can’t believe your remedy has been repealed, and then try to claim your remedy by asking for a refund using the 1099-OID process….”

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