Money Laundering Scam

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forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia,

or at any Federal Reserve bank

You can search the entire U.S. Code as we have and NOWHERE will you find any place where “Federal Reserve Notes” are 7 defined or identified as “dollars” as used in the Constitution. Therefore, you cannot lawfully conclude that they are 8 equivalent. A Congressman wrote the Federal Reserve Board and they wrote back to admit that there is NO DEFINITION 9 for what a “dollar” is! See the amazing truth for yourself at the link below: 10

Ogilvie Letter , Exhibit #06.001 http://sedm.org/Exhibits/ExhibitIndex.htm

"Federal Reserve Notes" are in many respects similar to the "United States Notes" ; they are both paper; they are both "Notes" , 11 and they both circulate on the credit of the United States. ... 12

"United States notes are engagements to pay dollars and the dollars intended were the coined dollars of the

United States."

[Bank of New York v. N.Y. County, 7 Wall. (U.S.) 26]

"Their name imports obligation, everyone of them expresses upon its face an engagement of the nation to pay to the bearer a certain sum, the dollar note is an engagement to pay a dollar, and the dollar intended is the coined dollar of the United States, a certain quantity in weight and fineness of gold or silver ... no other dollars had

before been recognized by the legislature of the national government as lawful money."

[Bank of New York, supra., at 30]

The Supreme court held that the issue of "United States Notes," was not an attempt by Congress to make “ dollars ” , but an 21 attempt to borrow “ dollars ” and to repay that debt. 22

But wait a minute! The law says that obligations of the U.S. government are not taxable in 31 U.S.C. §3124 ! 23

TITLE 31 > SUBTITLE III > CHAPTER 31 > SUBCHAPTER II > Sec. 3124.

Sec. 3124. - Exemption from taxation

(a) Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption applies to each form of taxation that would require the obligation, the

interest on the obligation, or both, to be considered in computing a tax, except -

(1) a nondiscriminatory franchise tax or another nonproperty tax instead of a franchise tax, imposed on a

corporation; and

(2) an estate or inheritance tax.

(b) The tax status of interest on obligations and dividends, earnings, or other income from evidences of ownership issued by the Government or an agency and the tax treatment of gain and loss from the disposition of those obligations and evidences of ownership is decided under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.). An obligation that the Federal Housing Administration had agreed, under a contract made before March 1, 1941, to issue at a future date, has the tax exemption privileges provided by the authorizing law at the time of the contract. This subsection does not apply to obligations and evidences of ownership issued by the District of Columbia, a territory or possession of the United States, or a department, agency, instrumentality, or political

subdivision of the District, territory, or possession

Therefore, your Federal Reserve Notes (FRN’s) are not taxable by federal State governments, because they are n’t really 40 lawful money, but debt obligations, or the equivalent of corporate government bonds! For more interesting reading, we refer 41 you to the Legal Tender Cases, Juilliard v. Greenman, 110 U.S. 421 (1884). 42

The Money Laundering Enforcement Scam

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EXHIBIT:________

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