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What if the government changes the law and takes away 12 USC 411?

  • Wealth Guranted
  • Oct 25
  • 1 min read
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When President Franklin D. Roosevelt confiscated all the gold in 1933 through Executive Order 6102, the federal government needed a remedy to counterbalance this massive action. As a result, Title 12 was expanded to include language from Section 16.1 of the original Federal Reserve Act, which states that Federal Reserve Notes may be redeemed for lawful money upon demand. This law was essentially a trade-off: the government seized the nation’s gold, and in return, provided a legal mechanism for individuals to convert their taxable Federal Reserve Notes into non-taxable lawful money. However, since so few people understand or exercise this right, the system overwhelmingly benefits the government and the Federal Reserve. They got to confiscate gold from the American people, while retaining control of the monetary system, and only a small fraction of people use the remedy provided to opt out of income taxes. The government has no incentive to change 12 USC 411 because the law works perfectly for their interests. The ultra-wealthy and those who understand the law take full advantage of it, while 99% of everyday Americans remain unaware and continue to voluntarily comply with income tax regulations. Changing the law would only draw attention to it, which would disrupt this arrangement. The responsibility falls on individuals to understand and apply the law. If you fail to use 12 USC 411 to declare your income as non-taxable, the blame rests on you, not the government. Since most Americans never apply this remedy, there’s no reason for the government to alter or repeal the law—it’s already serving their purposes effectively.

 
 
 

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