Not to get insulting or distracted defending my own IQ;
What have I learned here?
There is no account with the Treasury for these BPNs, just like with FRNs. Mr. RUSSELL is a great example. He accepted for value (A4V) that government seizing gold in 1933 meant that government would be paying things off. After more than a year though, he was probably realizing he had no evidence of any Treasury Direct account, no birth certificate/stock certificates or CUSIP #s on criminal court cases, nothing about the Social Security Administration was indicating there is a fund or account to draw upon... So he got scared and rescinded his BPN long after setoff had been executed by the clerk of the US court. - Just to be safe.
Wserra speculated that either lien actions are not on the docket or that government just thinks it a silly thing to pursue - $14K from a stone, so to speak
. Go with that if you like.
Kennedy Mike RUSSELL and Donald McDOWELL both may be presumed to have been contributing to the money supply
by endorsing private credit from the Fed as post-1933 Fed banks through the bonding process of endorsing their paychecks over the years. That private credit manifested in cash circulating out in the economy, contributing to the national debt and to inflation - the depreciation of the US Dollar. And nobody knows how much of that currency is attributed to either of them as Fed banks. This is what the US Judge accepting the BPN understood and why he made no final execution toward the writ of enforcement
But that may just be my feeling that if the IRS came petitioning me for a writ of enforcement and a BPN was tendered instead; if that BPN was obviously bogus, I would put something into the docket to avoid Planet Merrill getting the impression I have, that the US Judge understands RUSSELL has the right to redeem some of his private credit and over the years of endorsing it into creation by approving fractional lending then he has injected a lot more than $14K into circulation. So best to just shut up and hope nobody on Planet Merrill notices...
So what about that link from post #1 JRB? Does anybody have any guesses why we have a login screen all of a sudden?
Also about FRNs as BPNs;
The bond is obvious, Congress is busy squabbling about writing another bond to raise the Debt Ceiling - permitting the continued printing of money - FRNs as sustained good faith and credit.
If you do not think FRNs are notes, then read one some time. If you do not think they are promissory notes, then you just need to think about that. If you don't think they are bonded, read my Signature or think about that too.