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Redemption promoters allege that a secret fund is created for every citizen at birth and that a procedure exists to "redeem" or reclaim this fund to pay bills. Common redemption schemes include acceptance for value (A4V), Treasury Direct Accounts (TDA) and secured party creditor "kits," collections of pseudolegal tactics sold to participants ...
In addition, banks were required to maintain a redemption fund [1] amounting to five percent of any outstanding note balance, in gold or "lawful money." The notes were not legal tender in general, but were satisfactory for nearly all payments to and by the federal government.
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The belief in the strawman articulates with the redemption movement's fraudulent debt and tax payment schemes, which imply that money from the secret account (known in some variations of the theory as a "Cestui Que Vie Trust" [25]) can be used to pay one's taxes, debts and other liabilities by simply writing phrases like "Accepted for Value" or ...
Redemption rate was 98.2% in 1990, 75.6% in 2022. [30] Escheated deposits are divided as: 75% to State Cleanup and Redevelopment Trust Fund, 25% returned to retailers. The lowest redemption limit per person per day allowed to be set by retailer is $25 in deposits. [31] Disposal of beverage containers in the trash is illegal in Michigan. [31]
The Specie Payment Resumption Act of January 14, 1875 was a law in the United States that restored the nation to the gold standard through the redemption of previously unbacked United States Notes [1] and reversed inflationary government policies promoted directly after the American Civil War.
The service can place multiple millions in deposits per customer and make all of it qualify for FDIC insurance coverage. [3] [4] A customer can achieve a similar result, as far as FDIC insurance is concerned, by going to a traditional deposit broker or opening accounts directly at multiple banks (although depending on the amount this could require a lot more paperwork).
By 2001, the program had distributed over $50 million to participating schools. [2] As of 2016 it was considered the largest education cause marketing campaign, [4] and given away almost $1 billion to schools as of 2024. [5] In 2019, the program switched from physical box tops to a mobile application. Since this change, rates of redemption have ...