The Government of the United States defines Federal Reserve Notes[2] as:

 

Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.

These monetary concepts overlap and are used to create presumption in law that all  transactions are taxable public money transactions controlled by those that sow confusion in the value and reach of a dollar, impose custodial control over private money, and cloud the true nature of private exchanges. The movement of money alone does not create taxable events, especially when transactions or exchanges are based upon money given to you after you have paid tax upon its receipt. These are the dangerous new concepts being sowed into the current public consciousness which erodes everyone’s value.

If one has a right to redeem FRN’s in lawful money, why isn’t the exchange rate between currency and lawful money not specifically delineated in an exact value using fair weights and measures? Why does a Silver Liberty Dollar minted by the US Treasury sell for $25 to 45 in FRN’s yet still have the designation of a dollar? Why is this concept so obfuscated from the people and intertwined to create a complex web of policies? To extract value from all to be concentrated to a few perhaps? Is it not worth having an intelligent conversation as to an established system of weights and measures and true value?

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These pressures have spawned private valuation of exchange through the use of crypto currencies based upon collective belief and psychology of collectivism as the basis of value allowing for wild speculation swings and irrational behavior. Although intended to create a sense of financial privacy and security, it has become a wildly speculative format.

 

It has become increasingly clear that the public banking system is not private, fails to secure your privacy, and has been converted to an open forum. This public forum exposes private non-taxable transactions to presumptive taxation scrutiny and threatens to become more oppressive as more financial privacy is eroded through mandatory reporting of transaction events as contemplated. This can result in having to navigate reporting requirements initiated by the banks to offset daily private transactions like selling an item in an electronic marketplace or a simple yard sale.