The post below from June 8, 2012 has a very good insight into "lawful money".
Saving to Suitors Club post on Lawful Money
Federal Reserve FAQ on Lawful Money
Notice below a highlighted version of the same FAQ page above, that it really supports the position that "lawful money" must be referring to "United States notes".
Then the question that arises is WHY did Congress put that provision to redeem FRNs in USNs in the Federal Reserve Act, and in the United States Code at 12 USC 411?
Was it an unspoken underlying SPIRITUAL DIMENSION issue, related to what happened in ancient Egypt when slavery was imposed on our nation's ancestors?
To disallow the choice/use of USNs, would have imposed involuntary servitude (slavery) on our people in the form of perpetual indebtedness, because FRNs (IOUs) are incapable of paying/discharging obligations.
Does that choice (and that inelastic $300M backed by gold by President Lincoln) constitute the "red line" that cannot be crossed today without triggering the same sort of Divine Intervention now that occurred in ancient Egypt?
Our ignorance of that choice is what is destroying us today... NOT "them".
Now, see what the United States Treasury says about this issue on its FAQ page, at the link and as shown below. Notice especially that both are still in circulation as money, and that FRNs also function as USNs. Does this not mean that this one piece of paper, known as a "dollar bill", must have the capacity to be both a FRN and a USN? And that only the users of same can determine which it is? And that by demanding lawful money for all transactions on the record, that such users are determining that "money" to be USNs? Are there not two seals on that dollar bill, each corresponding to these two capacities? Is not this not a remedy "hidden in plain sight"? Why not start making the RIGHT choice?
Now read an insightful and groundbreaking article on this issue authored by David Merrill at the link below, entitled "Public Money vs. Private Credit". A highlighted excerpt from its conclusion follows the link, and is especially significant because of the linkage it makes between using FRNs and creating a "taxable event", and that by using instead USNs, one can avoid the "tax", which is essentially just a legitimate usage fee for using FRNs. By making an evidence-record of demanding lawful money for ALL transactions, this presumed usage fee amount can be recovered annually on the 1040 Form. See the 1040 Relief blog for more information on that topic.
"... The key to all this is 12 USC 411, which declares that Federal Reserve notes shall be redeemed in lawful money at any Federal Reserve Bank. Lawful money is defined as all the coins, notes, bills, bonds and securities of the United States. Julliard v. Greenman, 110 US 421, 448 (1884): whereas public money is the lawful money declared by Congress as a legal tender for debts (31 USC 5103), 521 F.2d 629 (1974).
Anyone can present Federal Reserve notes to any Federal Reserve Bank and demand redemption in public money — i.e. legal tender United States notes and coins. A Federal Reserve note is a fixed obligation or evidence of indebtedness which pledges redemption (12 USC 411) in public money to the note holder."
"...By demanding non-negotiable Federal Reserve Notes [United States Notes] at the time of cashing any paycheck, you're avoiding the taxable event..."
Okay, so now that we have learned that dollar "bills" (both FRNs and USNs) circulate "as money" as a legal part of the "national currency", could there be other "bills" that could also circulate "as money" and as a legal part of the "national currency"?
What about grocery "bills", utility "bills", medical "bills"? Since the dollar "bill" seems to need two signatures for it to be "money", why not just sign these "bills" so they have two signatures also (the letterhead constitutes the sender's "signature")?
See "Indorsed Bill Remedy" for more information about this possibility.
Then consider the below scenario to see how easy it would be for a brave State Governor to get this remedy started, and have it implemented by a Clearinghouse controlled by the people and establishing an an exchange rate with the other States. Isn't this already occurring on the international level with the formation of the "BRICS" currency alliance?
Google “The Way to outdo England without fighting her” by Henry Charles Carey, 1865. In his “Letter 12“, pages 129-130, he explains the efficacy of Lincoln’s “Greenback” Monetary Policy. Read this letter to see how an honest labor-backed currency and a simple clearinghouse controlled by the people could turn around our economy in weeks (see excerpt below as the scenario suggested above):