Bonded Promissory Note - Private Offset Bonds

NOTICE OF MEMORANDUM OF LAW-Points and Authorities in Support of
International Bill of Exchange
TITLE 31 , SUBTITLE III , CHAPTER 31 , SUBCHAPTER II , Sec. 3123. - Payment
of obligations and interest on the public debt
(a) The faith of the United States Government is pledged to pay, in legal tender,
principal and interest on the obligations of the Government issued under this chapter.
“(b) The Secretary of the Treasury shall pay interest due or accrued on the public debt."

"Those who constitute an association nationwide of private,
unincorporated persons engaged in the business of banking to issue
notes against these obligations of the United States due them;
whose private property is at risk to collateralize the government’s
debt and currency, by legal definitions, a "national banking
association"; such notes, issued against these obligations of the
United States to that part of the public debt due its Principals
and Sureties are required by law to be accepted as "legal tender"
of payment for all debts public and private, and are defined in law
as "obligations of the United States", on the same par and category
with Federal reserve notes and other currency and legal tender
obligations."
RE: Item tendered for Discharge of Debt.
The instrument tendered to the bank and negotiated to the United States Treasury
for settlement is an “Obligation of THE UNITED STATES,” under Title 18USC
Sect.8, representing as the definition provides a “certificate of indebtedness ….drawn
upon an authorized officer of the United States,” (in this case the Secretary of the Treasury)

TITLE 18 > PART I > CHAPTER 1 > Sec. 1. > Sec. 8.
Sec. 8. - Obligation or other security of the United States defined
The term ''obligation or other security of the United States'' includes all bonds,
certificates of indebtedness, national bank currency, Federal Reserve notes, Federal
Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver
certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money,
drawn by or upon authorized officers of the United States, stamps and other
representatives of value, of whatever denomination, issued under any Act of Congress,
and canceled United States stamps.
The International Bill of Exchange is legal tender as a national bank note, or note of a
National Banking Association, by legal and/or statutory definition (UCC 4-105,
12CFRSec. 229.2, 210.2, 12 USC 1813) , issued under Authority of the United States

The legal statutory and professional definitions of “bank”, “banking”, and “banker”
used in the United States Code and Code of Federal Regulations are not those commonly
understood for these terms and have made the statutory definition of “Bank”
accordingly:
UCC 4-105 PART 1 "Bank" means a person engaged in the business of banking,”
12CFRSec. 229.2 Definitions (e) Bank means—“the term bank also includes any
person engaged in the business of banking,”
12CFR Sec. 210.2 Definitions. (d)” Bank means any person engaged in the business
of banking.”
USC Title 12 Sec. 1813. –Definitions of Bank and Related Terms. – (1) Bank. - The
term ''bank'' – (A) “means any national bank, State bank, and District bank, and any
Federal branch and insured branch;”
Black’s Law Dictionary, 5th Edition, page 133, defines a “Banker” as,
“In general sense, person that engages in business of banking. In narrower meaning,
a private person………; who is engaged in the business of banking without being
incorporated. Under some statutes, an individual banker, as distinguished from a
“private banker”, is a person who, having complied with the statutory
requirements, has received authority from the state to engage in the business of
banking, while a private banker is a person engaged in banking without having any
special privileges or authority from the state.

“Banking”- Is partly and optionally defined as “The business of issuing notes for
circulation……, negotiating bills.”
Black’s Law Dictionary, 5th Edition, page 133, defines “Banking”:
“The business of banking, as defined by law and custom, consists in the issue of
notes ……intended to circulate as money……..
And defines a “Banker’s Note” as:
“A commercial instrument resembling a bank note in every particular except that it is
given by a private banker or unincorporated banking institution.”
Federal Statute does not specifically define “national bank” and “national banking
association” in those sections where these uses are legislated on to exclude a private
banker or unincorporated banking institution
Treasury)”issued under an Act of Congress” (in this case public law 73-10, HJR-192
of 1933 and Title 31 USC 3123, and 31 USC 5103) and by treaty (in this case the
UNITED NATIONS CONVENTION ON INTERNATIONAL BILLS OF
EXCHANGE AND INTERNATIONAL PROMISSORY NOTES (UNCITRAL) and
the Universal Postal Union headquartered in Bern, Switzerland).


TITLE 12 > CHAPTER 24 > § 2288

§ 2288. Bank obligations

(a) Maximum amount of obligations issued publicly and outstanding at any one time
The Bank is authorized, with the approval of the Secretary of the Treasury, to issue publicly and have outstanding at any one time not in excess of $15,000,000,000, or such additional amounts as may be authorized in appropriations Acts, of obligations having such maturities and bearing such rate or rates of interest as may be determined by the Bank. Such obligations may be redeemable at the option of the Bank before maturity in such manner as may be stipulated therein. So far as is feasible, the debt structure of the Bank shall be commensurate with its asset structure.
(b) Purchase and sale of obligations of Federal Financing Bank by Secretary of the Treasury as public debt transactions
The Bank is also authorized to issue its obligations to the Secretary of the Treasury and the Secretary of the Treasury may in his discretion purchase or agree to purchase any such obligations, and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds of the sale of any securities hereafter issued under chapter 31 of title 31, and the purposes for which securities may be issued under chapter 31 of title 31 are extended to include such purchases. Each purchase of obligations by the Secretary of the Treasury under this subsection shall be upon such terms and conditions as to yield a return at a rate not less than a rate determined by the Secretary of the Treasury, taking into consideration the current average yield on outstanding marketable obligations of the United States of comparable maturity. The Secretary of the Treasury may sell, upon such terms and conditions and at such price or prices as he shall determine, any of the obligations acquired by him under this subsection. All purchases and sales by the Secretary of the Treasury of such obligations under this subsection shall be treated as public debt transactions of the United States.

Title 12 USC 1813
(l) The term “deposit” means—
(1) the unpaid balance of money or its equivalent received or held by a bank or savings association in the usual course of business and for which it has given or is obligated to give credit, either conditionally or unconditionally, to a commercial, checking, savings, time, or thrift account, or which is evidenced by its certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar name, or a check or draft drawn against a deposit account and certified by the bank or savings association, or a letter of credit or a traveler’s check on which the bank or savings association is primarily liable: Provided, That, without limiting the generality of the term “money or its equivalent”, any such account or instrument must be regarded as evidencing the receipt of the equivalent of money when credited or issued in exchange for checks or drafts or for a promissory note upon which the person obtaining any such credit or instrument is primarily or secondarily liable, or for a charge against a deposit account, or in settlement of checks, drafts, or other instruments forwarded to such bank or savings association for collection.

Peace

James

Don't give anybody any money!

Lot's of folks swindled by this fraud.

that makes me laugh "James"

are you out there swindling people?

Broward COUNTY RECORDS VERIFIED THROUGH Tuesday, Oct 21, 2008. LAST CFN = 108213071 v4.2.1.66

Here is an example of a Bonded promissory note on record in Broward County.

As far as swindling, that's funny, when one provides proof you respond with non-sense, you must be an attorney "at-law" and not an attorney "in-law".. For the readers do yourself a favor and research this yourself thoroughly and come to your own conclusions.

Attorney's are definately very knowledgeable when it comes to statutes, regulations and trusts (that are created by an act of law). However private express trusts are not on the curriculum at law school, because these are non-judicial and are in fact the basis of our western civilation and judicial systems.
Private trusts are created by the act of parties not by the act of law. As for law, attorney's are well proficient in resulting trusts and acting trusts. Now private trusts can be broken down into implied or express, and express can further be broken down into oral or written.
The term commercial refers to any dealing people have among themselves. Thus the laws of commerce refers to the just rules of procedure governing human relationships, the self-evident principles of right and wrong which is the foundation of law. The commercial law process also referred to the commercial affidavit process is pre-judicial; that is until there is a disagreement, there is no dispute. All that is being done is the establishment of claims and obligations. As for proof how powerful express trust under common law can be, all one needs to do is research the Rothchilds, Rockafellars, Kennedy's and Forbes.

As far as finding out facts and truths, one can find some interesting information by researching;
All debts are satisfied by one or both of two things: a payment, and a promise to pay. Every payment is by substance, and every promise to pay is accomplished by a currency or paper which is technically known as a commercial lien. The satisfaction of the debt by providing substance is called "paying the debt". The satisfaction of the debt by a written or printed promise to pay the debt is called "discharging the debt". All debts are "paid" by substance. All debts are only "discharged" by currency, pocket money notes, or other commercial liens.
The symbol of energy in a social system is called money.
Money is of two kinds, either substance money or paper money. Substance money includes real property (land), precious metals (gold, silver, copper, etc.), gems, and other things of real and lasting value. Paper money consists of notes which declare a debt or obligation and which promise or demand payment. All such evidence of debt or obligation are technically known as Commercial Liens. Such notes include currency (for example, Federal Reserve Notes), checks, drafts (conditional checks), notes of exchange (paper money between banks), etc.
EACH AND EVERY FORM OF PAPER MONEY IS A COMMERCIAL LIEN.
A Federal Reserve Note is a commercial lien on the Federal Reserve Bank. A personal check is a commercial lien on the bank account of the maker of the check. A draft is a check with a conditional agreement printed above the place of endorsement on the back side of the draft. A note of exchange is a commercial lien between banks consisting of one bank demanding payment from another bank. A personal check, while passing between banks, is a note of exchange. Even a cash register receipt used to obtain a refund from a store for defective merchandise, signed and handed to the cashier as proof of purchase, is, and can be used as, a medium of exchange/money by the store to obtain a refund or more product from the manufacturer.
Bank accounts are backed (supported) either by substance money or by paper money, or by both. The substance money is called collateral. The paper money can be currency (for example, paper money notes), a loan of credit from the bank, or checks or other paper money such as commercial liens received from other sources.
A debt which is satisfied by substance money is said to be "paid". A debt which is satisfied by paper money is said to be "discharged". Most debts in the United States of America are satisfied by the use of currency, checks (cheques), or other paper representative of value (of a debt to be paid), in other words, are satisfied generally by commercial liens, hence most debts in the United States are not "paid", they are only "discharged".

The National Debt

Money, which does not disclose its backing or its surety is Negative Money, meaning that it is a receipt for stolen property, consisting of either deposits stolen from a depositor(s) or collateral stolen from the first borrower(s).

In a transaction, the value and the receipt (for the value) move in opposite directions. When a thief steals from a victim, the act of theft passes positive value from the victim to the thief, and the act of theft passes negative value from the thief to the victim. Negative money/value moving From the thief To the victim, is the same thing as Positive money/value moving From the victim To the thief.

When the Federal Reserve Corp. (the Fed) loans (passes) negative money to the U.S. Government (U.S. Gov.), and the U.S. Gov. passes the positive money/property (collateral) of the American public to the Fed, the Fed is the thief and the public is the victim. The Fed is the debtor and the American public is the creditor.

The total positive value, moved in this manner, is the NATIONAL DEBT which, therefore, is THE AMOUNT OWED TO THE PUBLIC BY THE FED
and not the other way around. The U.S. “National Debt” arises from negative money (minus money) Spent into circulation by the Federal Reserve Corporation by loaning it to the U.S. Government. It is money owed to the people of the United States of America by the members of the United States Congress,by the United States Government, and by the Federal Reserve Corporation and its agents to repay the positive value, which they stole, when they issued their Negative Money

Peace

James

[arbat]

This post directed to: James/Tico AND to Macua. I have written Bonded Promissory Notes(BPN) to Mortgage banks and they return them saying "not legal tender", "worthles paper" et al. Well I know it is because I have Birth Certificate Bond, Indemnity Bond and Offset Bond registered with the US Treasury. These are well research, well written BPN with detailed instructions as to how to monitize including the Fed Window address AND phone number! Here is my QUESTION: How do I force (cram them down their throat) the Banks to accept. It was indicated that you had BPN that had been accepted I believe, can you give me same detailed help as to how to defend that such BPN are in fact legal tender and/or MUST be accepted for payment.

When they return them, I feel helpless in that I cannot quote Law (chapter and Verse) that supports my position. Question: Has anyone every had a Court ruling on the validity of a properly written/backed BPN?

Any help will be greatly appreciated. THANKS.
Arbat

If your saying the note was returned then the bank is in dishonor under bankruptcy laws. A debt tendered and refused is discharged. Just fill out a 1099oid, 1096, 1040V, and 1040. On the 1040 put in the Amount of income from other sources box the , $note. Amount of taxes paid, $note. Amount of refund due, $note. Now, that’s the way it works. Send it off to the IRS and in 2-3 months you'll get a check from Treasury; so now you can go to the bank pay off the mortgage with the Treasury check and the account is zeroed...
Now if you want you can go tender another BPN but this time do it through a Notary, get him to do the presentment and if the bank dishonors the note again, get the Notary to issue a certificate of dishonor, then send the bank an International Commercial Claim "True Bill" give them 10 days to respond, then issue an Affidavit of Obligation/Commercial Lien..After 90 days the commercial lien becomes an accounts receivable....Now if you were to take a dishonour BPN, the commercial lien would be huge..
p.s If you issue another BPN don't forget to put the BPN Tracking Number that you assigned on a UCC 3 registration form.

Peace

James

Here is another example of a letter you may want to write
NOTICE and DEMAND
In Accordance With Treasury Directive 25-06 this is Notice to ABC Bank and XXX & Associates P.S. including but not limited to William, Catherine, and Marci The Undersigned has acknowledgement from the Secretary of the Treasury without dishonor of lawful and full discharge of this claim. Notice of that fact was served on ABC bank. Now William Catherine and Marci of XXX & Assocaites P.S. have ignored the legal and lawful Notice. Therefore, all Confidential Commercial Information in this claim that has been discharged is to be presented to the authorized Treasury Data Integrity Board for determination as prescribed by law. (See Treasury Directive 25-06) Accordingly. all collection action is to cease and desist until the Board had made its determination. Therefore, this is Actual and Constructive Notice that ABC bank, any and all agents, are in violation of the U.S. Supreme Court decision in Hallenbeck vs. Leimert 295 U S 116 (1935) and under the Erie and Clearfield Doctrines the individuals responsible can be held personally liable. Federal law requires all related Confidential Commercial Information including the unprocessed Bill of Exchange instruments held by ABC bank be immediately presented before the authorized Treasury Data Integrity Board (TDIB) as prescribed in but not limited to Treasury Directives 25-06 and 16-14.
Peace
James

...and watch the bank laugh


...better advice--get competent legal counsel that you know, and have them review whatever scam these bond hawkers are pushing...

Whoever is posting this stuff obviously has no real finance background.

MORON,
you know nothing and I mean nothing, I have absolute proof the promissory notes work so F you and all the others who like to spout stupidity!

Originally Posted by Unregistered all a big fraud AVOID Consult your lawyer or accountant!!!

SCAM!!!!