Lawful Money Redemption in Canada
The Bank of Canada and the Federal Reserve (USA) are linked by multiple printing contracts. It has been observed that the causal link also produces a lawful money redemption that the Bank of Canada processes through the Federal Reserve's New York branch. Further, the Bank of Canada must offer lawful money redemption since it practices fractional reserve banking, which began shortly after the War of Rebellion (e.g. Canada's Civil War). The checks, deposit slips and direct deposit receipts will still have the "Redeemed in Lawful Money" language but will have the US Code removed from it.
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Can Cash Be Redeemed in Lawful Money
No, and please do not stamp money, as this can potentially be considered "defacing currency" and will lead to extreme sentences and fines. This is why the need for a repository of proof regarding the redemption of lawful money is required. When ...
Can Government or Treasury Bonds Be Redeemed In Lawful Money
When a bond matures and stops earning interest, it is time to redeem it by taking the bond(s) to a local bank or the Bureau of the Fiscal Service. However, indorsement is not required to accept the funds therefore other forms of proof regarding ...
Income Taxes and Lawful Money
Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be ...
Going To Court Regarding Lawful Money
The only question for any judge to answer, in virtually any case, is this: "If Federal Reserve notes do not and cannot act as redeemed, gold backed US Bank notes or US Treasury notes, then how does one deal in Constitutionally defined lawful money?" ...
Does One Have To Redeem In Lawful Money When Sending Money To Others in Our Trust Web
Yes, when the opportunity to redeem lawful money arises (accepting money), it is highly beneficial to redeem at every opportunity.