DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - does minting coinage incur federal reserve interest?

**CathBraunn** · 08-14-2012, 10:44 PM

there is no definition to "lawful money".

I never said that there was. I stated words to the effect that "lawful was that which was not forbidden" and "usury is forbidden". You are supposed to supply the logic between these two statements to come to the conclusion that "lawful money bears no interest". I did not intend to define what lawful money was or give you a source for such a definition. I intended YOU to define it using LOGIC.

Did you even read anything in the link I provided?

Sorry. I got diverted by the rest of your hyperbole. But I did go back and read it just now. It says that a Federal Reserve Note may be lawful money. I agree with this. The Federal Reserve note does not NEED to bear interest if you cite 12 USC 411 and request redemption. YOUR ACTION IS WHAT MAKES IT LAWFUL, nothing that the FED needs to do.

if you posted 12usc 411 as a definition to "lawful money" you need to have your brain checked!

Nonsense. I posted no definition of "lawful money" derived from 12 USC 411. The restriction upon usury is derived from the bible.

Seriously, if you are upset it is because of your misinterpretation. I suggested the Trivium before. Have you bothered to look it up? The book costs less than $15.

08-14-2012, 10:44 PM	#12
CathBraunn Join Date Oct 2005 Posts 445 Senior Member	there is no definition to "lawful money". I never said that there was. I stated words to the effect that "lawful was that which was not forbidden" and "usury is forbidden". You are supposed to supply the logic between these two statements to come to the conclusion that "lawful money bears no interest". I did not intend to define what lawful money was or give you a source for such a definition. I intended YOU to define it using LOGIC. Did you even read anything in the link I provided? Sorry. I got diverted by the rest of your hyperbole. But I did go back and read it just now. It says that a Federal Reserve Note may be lawful money. I agree with this. The Federal Reserve note does not NEED to bear interest if you cite 12 USC 411 and request redemption. YOUR ACTION IS WHAT MAKES IT LAWFUL, nothing that the FED needs to do. if you posted 12usc 411 as a definition to "lawful money" you need to have your brain checked! Nonsense. I posted no definition of "lawful money" derived from 12 USC 411. The restriction upon usury is derived from the bible. Seriously, if you are upset it is because of your misinterpretation. I suggested the Trivium before. Have you bothered to look it up? The book costs less than $15.
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