Many people simply endorse private credit from the Fed by conditioning.
EMPLOYMENT
(820 ILCS 115/) Illinois Wage Payment and Collection Act.
(820 ILCS 115/1) (from Ch. 48, par. 39m-1)
Sec. 1. This Act applies to all employers and employees in this State, including employees of units of local government and school districts, but excepting employees of the State or Federal governments.
(Source: P.A. 84-883.)(820 ILCS 115/4) (from Ch. 48, par. 39m-4)
Sec. 4.
All wages and final compensation shall be paid in lawful money of the United States, by check, redeemable upon demand and without discount at a bank or other financial institution readily available to the employee, by deposit of funds in an account in a bank or other financial institution designated by the employee, or by a payroll card that meets the requirements of Section 14.5. No employer may designate a particular financial institution, bank, savings bank, savings and loan, or currency exchange for the exclusive payment or deposit of a check for wages. No financial institution, bank, savings bank, savings and loan, or currency exchange shall refuse to honor a check for wages that exclusively designates, in violation of this Section, a particular bank, savings bank, savings and loan, or currency exchange as the exclusive place of payment or deposit except to the extent the bank, savings bank, savings and loan, or currency exchange is otherwise excused from honoring the check under Section 3-111 of the Uniform Commercial Code because the bank, savings bank, savings and loan, or currency exchange is not the drawee or the maker of the check.
(Source: P.A. 98-862, eff. 1-1-15.)
Additionally, this is the reason we pay no income tax on the dividends we gather from municipal and other bonds. – From the Fidelity website:
Municipal bonds are debt obligations issued by public entities that use the loans to fund public projects such as the construction of schools, hospitals, and highways.
Reasons to consider municipal bonds
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Interest income generally federally tax exempt
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Low level of default risk relative to other bond types
And in more detail, by state statute:
Washington State Legislator:
RCW 33.24.020
Obligations of United States or Canada.
An association may invest its funds in loans upon or purchases of the bonds or obligations of or bonds or obligations guaranteed by the United States of America, including bonds of the District of Columbia, of the Dominion of Canada, or those for which the faith of the United States or the Dominion of Canada is pledged to provide for the payment of interest and principal: PROVIDED, That, in the case of bonds of the Dominion of Canada or those for which its faith is pledged, the interest and principal shall be payable in the United States or with exchange to a city in the United States and in lawful money of the United States or its equivalent.
Last revised in 1947 so it’s been on the books for a while.
The brain trust of redeemed people is a very good research resource. These leads (Wheaton) were harvested by interested suitors.
P.S. in case the two links to the government agencies fail, try downloading these.
savings and loan associations demand lawful money
Provided, That, in the case of bonds of the Dominion or those for which its faith is pledged, the interest and principal be payable in the United States or with exchange to a city in the United States and in lawful money of the United States or its equivalent.
If you like what you see consider contacting me about my $5,000 Lesson Plan. I suggest this only as a supplement to your membership here – Gold or Silver. Not only do you get in on the geopolitical social engineering (brain trust), but the meat is very simple:
- true identity
- record forming – Refusal for Cause
- redeeming lawful money
Regards,
David Merrill.
