Ok!
Man I went through all that other stuff first scratching my head going huh? Now it makes sense if their definition of income is correct.
We're doing business with a foreign bank and thus bringing in incoming money from a foreign business which is taxable
We seperate oursleves from doing business with this foreign bank and we have no income or incoming money that is taxable.
And we do this by signing everything with:
Redeemed in lawful money pursuant to 12 USC 411
:firstname - middlename: dba LASTNAME, FIRSTNAME MIDDLENAME
And this is after getting a state identification, like a new driver's lisence that we've signed that way.
Now the only thing about this is it's currently a theory. So either we should wait till they've proved it works or we can jump in and see what happens.
It does make sinse that it would eliminate the fed and eliminate a lot of the national debt.
I also found it interesting that they mentioned Michael Joseph too. I've been hearing his name thrown around in other groups lately too. Supposedly he's got a flawless record in the court system. I couldn't find that Livingway Yahoo group Mike is supposed to be in.
But this whole thing rings a few bells for me it seems.
I'm trying to envision using this also. Signing credit cards with that statement too? Or would using a credit card still keep you in the system?
Then would you have to be a secured party creditor before signing you bills that way, or would this eliminate us having to be secured party creditors?
Well thanks for posting this T! Oops, I mean t! ;-) This could be a big key in the properly operating in commerce process.