Another entry in the "All conspiracy theories are batshit insane" category. This one is new one, just stumbled across it today.
The redemption theory is an American conspiracy theory created by Roger Elvick and marketed as a tax evasion and fraud scheme. The theory claims that when the United States government abandoned the gold standard in 1933, it pledged its citizens as collateral so it could borrow money. According to Elvick, the government creates a fictitious person (straw man) corresponding to each newborn citizen with bank accounts initially holding $630,000. The theory further holds that through obscure procedures under the Uniform Commercial Code, a citizen can "reclaim" the straw man and write checks against its accounts. Its adherents sometimes call themselves "Sovereign Citizens".
One element of the myth states that Americans are U.S. nationals, not U.S. citizens, and can therefore avoid taxes by changing their filing status from "U.S. citizen" to "non-resident alien."
Seriously, the lenghts americans will go to avoid paying taxes...