What is a dollar?
The term “dollar” means money, since it is the unit of money in this country, and in the absence of qualifying words, it cannot mean promissory notes or bonds or other evidences of debt. The term also refers to specific coins of the value of one dollar. (27 Ohio Jur pp. 125, 126. Sec. 3) United States v. Van Auken, 96 U.S. 366, 24 L.Ed. 852.
WHEREAS, according to Black’s Law Dictionary, Second Pocket Edition (1996), a “Federal Reserve Note” is:
“The paper currency in circulation i the United States. the notes are issued by the Federal Reserve Banks, are effectively non-interest bearing promissory notes payable to the bearer on demand, and are issued in denominations of $1, $5, $10, $20, $50, $100, $500, $1000, $5,000, and $10,000.”
“This may surprise you, but Congress has never declared Federal Reserve notes to be a legal tender in payment of debts. Doubt me? Look at your currency:
‘. . LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE’
“The word ‘FOR’ is used rather than ‘IN PAYMENT OF.’ Was this accidental? No. It is well settled in the courts that lawmakers are presumed to have selected each word that makes up a statute carefully and deliberately, lest the statute be considered void for vagueness. we can be sure that when Congress choose NOT to use ‘IN PAYMENT OF,’ it did so for a good reason, that good reason being the hard fact that no debt can be paid in full in the eyes of American jurisprudence unless paid in gold or silver coined and regulated in value by Congress, courtesy of Article I Sections 8 and 10. MIRACLE ON MAIN STREET, by F. Tupper Saussy, Fifth printing May 1982, page 53.
A Silver coined Dollar, “lawful money” is payable on demand as stated on the face of a Silver Certificate. And, Federal Reserve notes shall be redeemed in “Lawful Money” according to 12 U.S.C. 411. Although, this is the law regarding those notes wherein the word “dollar” appears but it takes about twenty (20) FRNs to get one (1) silver dollar which means that the ONE DOLLAR Federal Reserve note is worth less than a real silver dollar. sounds like FRAUD to me, how about you?