MONEY
The following statements come from several different sources, from Congress, Supreme Court cases, and the Federal Reserve. All stem from the passage of HJR-192.
"The Treasury writes up an interest bearing bond for one billion dollars . The Federal Reserve gives the Treasury a one Billion dollar credit for the bond, and has created out of nothing a one Billion dollar debt which the American people are obligated to pay with interest."
Money Facts, House Banking and Currency Committee, 1964. p. 9
"A debt is not paid by the giving of a note." Noland Co. v. Maryland Casualty Co. "A note is only a promise to pay and not payment, " Fidelity Savings State Bank v. Grimes, 131 P. 2nd 894
"Checks aren't money in themselves." I BET YOU THOUGHT from the Federal Reserve Board of N. , p. 7
"They (checks) are simply order forms instructing banks and other depository institutions such as savings banks and credit unions to move transaction balances, which are money." Same as above.
"Banks don't keep cash in checking accounts - and don't transfer currency or coin when acting on a check's instructions." From Same book on the Federal Reserve.
"The money (Federal Reserve Notes) will be worth 100 cents on the dollar, because it is backed by the credit of the nation. It will represent a mortgage on all the homes and other property of all the people in the nation. The money so issued will not have one penny of gold coverage behind it, because it is really not needed." 73rd Congress - March 9, 1933
"The "giving of a (federal reserve) note does not constitute payment." See Echart v Commissioners C CA., 42 Fd2d 158.
"The use of a (federal reserve) 'Note' is only a promise to pay." See Fidelity Savings v Grimes, 131 P2d 894.
"Legal Tender (federal reserve) Notes are not good and lawful money of the United States." See Rains v State, 226 S. W 1 89.
"Federal reserve notes are valueless." See IRS Codes Sectionl. 1001-1 (4657) C.C.H.
"That (federal reserve) 'Notes do not operate as payment in the absence of an agreement that they shall constitute payment." See Blachshear Mfg. Co. v Harrell. 12 S. E. 2d 766
THE FOLLOWING IS A BANKRUPTCY CASE
STANEK v. WHITE
Supreme Court of Minnesota - 1927
Chief Justice Wilson: "The original debt was not paid. The discharge in bankruptcy operated as a bar to enforcement. The debt could be revived with a new promise, which in Minnesota, must be in writing. The moral obligation involved in the original debt affords a sufficient consideration to suppose a new promise to pay the debt.
Liability rests upon the promise to pay, not on the original note. The discharge took the enforceability from the original note which still evidenced the moral obligation, and the new note revived the legal obligation.
There is a distinction between a debt discharged and one paid. When discharged, the debt still exists, though divested of its character as a legal obligation during the consideration of the discharge. Something of the original vitality of the debt continues to exist, which may be transferred even though the transferee takes it subject to the disability incident to the discharge. The fact that it carries something which may be a consideration for a new promise to pay, so as to make an otherwise worthless promise a legal obligation, makes it the subj ect of transfer by assignment. Indeed, there is no reason why a transferee of such note should not have the benefit of having the debt advanced to a condition of legal liability." INCREDIBLE!
UCC 3-419 INSTRUMENTS SIGNED FOR ACCOMMODATION
(a) If an instrument is issued for value given for the benefit of a party to the instrument ( "accommodated party" ) and another party to the instrument (" accommodation party" ) signs the instrument for the purpose of incurring liability on the instrument without being a direct beneficiary of the value given for the instrument, the instrument is signed by the accommodation party "for accommodation. "
(b) An accommodation party may sign the instrument as maker, drawer, acceptor, or endorser and, subject to subsection (d), is obligated to pay the instrument in the capacity in which the accommodation party signs . The obligation of an accommodation party may be enforced notwithstanding any statute of frauds and whether or not the accommodation party receives consideration for the accommodation.
(c) A person signing an instrument is presumed to be an accommodation party and there is notice that the instrument is signed for accommodation if the signature is an anomalous endorsement or is accompanied by words indicating that the signer is acting as surety or guarantor with respect to the obligation of another party to the instrument. Except as provided in UCC-3-605 , the obligation of an accommodation party to pay the instrument is not affected by the fact that the person enforcing the obligation had notice when the instrument was taken by that person that the accommodation party signed the instrument for accommodation.
(d) If the signature of a party to an instrument is accompanied by words indicating unambiguously that the party is guaranteeing collection rather that payment of the obligation of another party to the instrument, the signer is obliged to pay the amount due on the instrument to a person entitled to enforce the instrument only if (i) execution of the judgment against the other party has been returned unsatisfied, (ii) the other party is insolvent or in an insolvency proceeding, (iii) the other party cannot be served with process, or (iv) it is otherwise apparent that payment cannot be obtained from the other party.
(e) An accommodation party who pays the instrument is entitled to reimbursement from the accommodated party and is entitled to enforce the instrument against the accommodated party. An accommodated party who pays the instrument has no right of recourse against, and is not entitled to contribution from, an accommodation party.
Uniform Commercial Code · § 10· 104, Laws Not Repealed.
[( 1 )] The Article on Documents of Title (Article 7) does not repeal or modify laws prescribing the form or contents of documents of title or the services or facilities to be afforded by bailees, or otherwise regulating bailees businesses in respects not specifically dealt with herein: but the fact that such laws are violated does not affect the Status of a document of title which otherwise complies with the definition of title. (Section 1 -20 1 ). As amended in 1 962 and 1 994 V 49
(b) As used in this resolution, the term "obligation " means an obligation (including every obligation of and to the United States, (excepting currency) available in money of the United States; and the term "coin or currency " means coin or currency of the United States, INCLUDING FEDERAL RESERVE NOTES and circulating notes of Federal Reserve banks and national banking associations. NOTE: Are you willing to commit a crime to "pa " an alleged debt?
27 CFR 72.11
(Code of Federal Regulations)
MEANING OF TERMS: As used in this part, unless the context otherwise requires, terms shall have the meanings ascribed in this section. Words in the plural form shall include the singular, and vice versa, and words importing the masculine gender shall include the feminine. The terms "includes" and "including " do not exclude things not enumerated which are in the same general class.
COMMERCIAL CRIMES:
Code of Federal Regulations, Chapter 27, Section 72.11
Any of the following types of crimes (FEDERAL OR STATE): Offenses against the revenue laws ; burglary; counterfeiting; forgery; kidnapping; larceny; robbery; illegal sale or possession of deadly weapons ; prostitution (including soliciting, procuring, pandering, white slaving, keeping house of ill fame, and like offenses) ; extortion; swindling and confidence games ; and attempting to commit, conspiring to commit, or compounding any of the foregoing crimes. Addiction to narcotic drugs and use of marijuana will be treated as if such were a commercial crime. "ALL CRIME IS COMMERCIAL ! " [ They want the money ! ]
NOTE: Any action/complaint/transaction initiated by the state/federal agents are commercial in nature in light of the fact that they impose a quasi-monetary fine in violation of Art. I § 10 & Art. 11 § 1 and the U.S. Bankruptcy.
At the Signing of Coinage Act on July 23, 1965, Lyndon B. Johnson Stated in his Press Release that:
"When I have signed this bill before me, we will have made the first fundamental change in our coinage in 173 Years. The Coinage Act of 1965 supersedes the Act of 1792. And that Act had the title: An Act Establishing a Mint and Regulating the Coinage of the United States ... " "Now I will sign this bill to make the first change in our coinage system since the 18th Century. To those members of Congress, who are here on this historic occasion, I want to assure you that in making this change from the 18th Century we have no idea of returning to it."
Maxim in Law:
"The money of the sovereign is his credit, he is the wealth for which no substance on earth can establish a value for."
THE FOLLOWING IS REPEATED . . . BUT READ IT AGAIN AND AGAIN AND AGAIN!
"The ultimate ownership of all property is in the State ; individual so-called "ownership" is only by virtue of Government, i.e., law, amounting to mere user; and use must be in accordance with law and subordinate to the necessities of the State." Senate Document #43 ; Senate Resolution No. 62 (Pg 9 Para 2) April 17, 1933
"THE PRICE OF IGNORANCE IS FAR GREATER THAN THE COST OF AN EDUCATION"
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