Re: FBI Raids Liberty Dollar - Confiscates All Ron Paul Dollar

"Robert Miller" <xyzstargazzr@xxxxxxxxxxxxxx> wrote in
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"Deadrat" <a@xxxxx> wrote in message
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"Robert Miller" <xyzstargazzr@xxxxxxxxxxxxxx> wrote in
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<snip>

ange with which to discharge that debt. Am I missing
something?

A Federal Reserve Note is a promissory note.

A FRN is not a promissory note, since it doesn't say that you can redeem
it for anything. A FRN is legal tender, which means that creditors must
accept it when their debtors discharge their debts.

You say below that merchants must accept FRNs in exchange for their
goods. They don't. They're free to set whatever terms they want. If
your corner gas station advertises that they want 10 pounds of potatoes
for a gallon of gasoline, then you'd better have spuds in the trunk when
you fill up.


NOTE OF HAND, contracts. Another name, less technical, for a
promissory note. (q.v.) 2 Bl. Com. 467. Vide Bank note; Promissory
note, Reissuable note. > > NORFED's Silver Libertys are money because
they have value even if> > NORFED is permanately shut down. United
States Federal Reserve Notes>
will be worthless the same day the United States is shut down.> > The
day
that the US is shut down, the operational value of Silver Liberty >
coins will be pretty much worthless as well.> On Ebay they're value
has gone up, as collectables. As long as silver has value NORFED's
Silver Libertys will also have value> > Roman gold coins are still
money merely for the gold in them even> > though Rome fell centuries
ago.> > Roman gold coins have their own not inconsiderable
inconveniences as > money.> The Roman government has long ago fallen,
but their gold and silver coins remain of value, even though there is
no government to back them.> > Golden dollars will be merely> >
collectors items in as many years after the U.S. falls.> > Is your
point that a country's currency is only as good as the country's >
ability to provide a stable market for the currency's use?> It is only
the force of law that says merchants must accept the legal tender
money that gives the money value in the market place.> If so, may we
file that under "obvious"?Silver and gold coins don't need a law to be
of value. Only the need in the market place for gold and
silver.Robert



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