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Page 1 of 2 1 2 > Thread Tools 2 Jan 2010 , 01:10 AM

Phil Jayhan

#1 You Funded Your Own Loan With Your Signature - On a Promisorry Note

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YOU FUNDED YOUR OWN LOAN WITH YOUR SIGNATURE.....ON A PROMISSORY NOTE

Join Date: 23 Feb 2004 Location: Middle Earth Posts: 23,347 Threads: 2825 Blog Entries: 28

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WHAT THE FEDERAL RESERVE AND THE GOVERNMENT ARE DOING AT THE NATIONAL LEVEL, LOCAL BANKS ARE DOING WITH US AT THE LOCAL LEVEL. The only difference is that instead of printing new notes, the banks are creating new checkbook money each time they make a loan. Here's what happens when you go to the bank to get a loan for your vehicle: The bank has you sign a Promissory Note. The back of the note is then stamped, "pay to order of" or

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similar words. The note is then deposited into a transaction account in your name. Now this was not disclosed to you before you signed the note and you did not give them the authority to open a transaction account on your name. The bank then writes a check from your transaction account deposit that you had no knowledge of, either to you or transfers the amount to those who should be receiving it. The bank then sells the note to Federal Reserve or into the securities market. The proceeds of which, are used to fund the alleged loan. Through the bank selling your note, YOU PAID FOR YOUR PURCHASE WITH THE PROMISSORY NOTE. Your note was treated by the bank as an asset that could be exchanged for cash. Anything that you can exchange for cash is an asset. What 95 % of America does not realize is that within our monetary system a Promissory Note is an asset. The moment you signed that note it became money to the bank. There was no money in existence until you signed the note. Once the bank stamped it "pay to the order of" it became a negotiable instrument. To the bank, it had Present Value, because they were able to sell it for cash. To you it only had Future Value. What's wrong with this loan scenario? You always suspected that there was something not right when you went for a loan from the bank. Now you know what it is. Let me give you a simple illustration that will help you to understand this. Imagine if you came to me needing a loan. You: "Can you give me a loan for $10,000." Me: "sure I'll loan you $10,000, but you have to give me an asset worth $10,000." You: "All I've got is this diamond ring worth $10,000." Me: "That will do." I then take the ring and sell it for $10,000, and come back to You with a check for $10,000. Me: "Here's your $10,000 loan at 10% interest, and the payments are $200 a month for x number of years." You: "xxxxxxx!" We won't even print what you would tell me to do with that loan. In fact if you called the police I would go to jail for fraud, loan sharking, racketeering etc. BUT THIS IS EXACTLY WHAT THE BANKS ARE DOING EVERY SINGLE DAY. Now what is wrong with this loan? EVERYTHING! It's not a loan. It's an exchange. We simply exchanged your diamond for a $10,000 check. It never cost me anything to make the loan. I brought nothing to the table. My assets did not decrease by $10,000, as would be the case in a true, honest loan. Therefore I had no risk.

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You provided the asset (the diamond ring). I merely sold it and gave you back your money, and then had the unmitigated gall to charge you interest on nothing. In the same way, YOUR PROMISSORY NOTE BECAME THE FUNDING INSTRUMENT OF YOUR BANK LOAN. The bank received it as an asset, as legal tender, i.e. in the form of money and deposited in an account. According to the Uniform Commercial Code, a promissory note is a negotiable instrument, and is therefore legal tender. As such it is the funding instrument. Therefore there was no loan. It was an exchange. Your note which, could be monetized by the bank, was exchanged for the bank's check. And the bank lied and called it a loan. Banks and lending institutions only appear to lend money. The "lending" techniques that are used are beyond brilliant. It took some very, very smart people to figure out how to appear to be lending money, but in actuality have the value supplied by the person wanting a loan. And that is what is happening. "THIS IS TOO INCREDIBLE TO BELIEVE, SHOW ME PROOF." If you are finding this rather difficult to believe, let's look at some Federal Reserve Bank publications, which actually admit that this is how bank loans work. "Transaction deposits are the modern counterpart of bank notes. It was a small step from printing notes to making book entries crediting deposits of borrowers, which the borrowers in turn could "spend" by writing checks, thereby "printing" their own money." Modern Money Mechanics, page 3, Federal Reserve Bank of Chicago. "Of course they do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers' transaction accounts. Loans (assets) and deposits (liabilities) both rise by $9,000. Reserves are unchanged by the loan transactions. But the deposit credits constitute new additions to the total deposits of the banking system." Modern Money Mechanics, page 6, Federal Reserve Bank of Chicago. According to the Fed, it is not their policy to make loans from other depositor's money. Neither do they make loans from their own assets. They make loans by accepting promissory notes in exchange for credits to the borrower's transaction account. They even admit that it's an exchange. IF IT'S AN EXCHANGE HOW CAN IT BE A LOAN? "In exchange for the note or security, the lending institution credits

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the depositor's account or gives a check that can be deposited at yet another depository institution." Two Faces of Debt, page 19 Federal Reserve Bank of Chicago. You want more proof: THE BANK'S OWN BOOKKEEPING ENTRIES ARE PROOF. Let's say the bank receives a $1,000.00 check deposit. It is recorded as an asset to the bank. But in order to balance their books, on the other side of the ledger they have to record a $1,000.00 liability. The bank has an asset for $1,000.00, but it also has a liability of $1,000.00 to you, the depositor. The bank owes you $1,000.00. You have a right to draw on that $1,000.00 whenever you choose. Now when you purchased your vehicle instead of a check you gave the bank a signed promissory note. The bank deposited it, just like a check or cash, in a transaction account in your name. Now remember that all deposits are received as assets to the bank. However, they also have a corresponding liability to the face value of your promissory note. Therefore, in reality you don't owe the bank anything. You simply exchanged your promissory note for their check, which paid for the vehicle. The account is a wash. SO WHY ARE WE PAYING MONTHLY PAYMENTS AND INTEREST FOR SOMETHING THAT, WITHIN OUR MONETARY SYSTEM, HAS ALREADY BEEN PAID FOR? Actually the bank owes you! They still do not own your promissory note. They made an exchange - your promissory note (asset to the bank) was exchanged for the face value of the note. They deposited your note and then sold it remember. Therefore, on their books they still have a liability to you. Also see these other supporting articles:

U.C.C. Foundations - The Story of Money: YOU FUNDED YOUR OWN LOAN WITH YOUR SIGNATURE..... ON A PROMISSORY NOTE UCC Basics & History UCC Strawman: Meet Your Straw Man UNDERSTANDING THE UCC - by Barton Albert Buhtz Coupon Instructions for Accepted for Value A4V What Does Accepted for Value Mean? Accepted for Value Stamps Signature Without Liability Primer ( 1 2) UCC REDEMPTION The Tavistock Conspiracy - The Long Time Enforcers of U.C.C INSTRUCTIONS: 0.5. COMMERCIAL LAW AND THE UNIFORM COMMERCIAL CODE (UCC) Frequently Asked Questions on the U.C.C. (Uniform Commercial Code)

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__________________ Phil Jayhan 9/11 Blog | Phil Jayhan.Com Video Host | Frederick Bastiats Audio of "The Law"

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Saoirse

2 Jan 2010 , 12:03 PM

#2

Hughes Reader Join Date: 2 Jan 2010 Posts: 1 Threads: 0 Thanked 0 Times in 0 Posts

Just a quick comment, Phil. I notice the article posted above was pasted from Freedom Club Usa. Although the information itself in this post is nearly 100% true and accurate, I would strongly reccommend removing all references to FCUSA. The reason for this is because Freedom Club Usa claims to be creating a financial remedy for members debts, but in truth they are a scam. I don't think you'll feel very good if someone decided to click through to the club and be scammed out of thousands of dollars. I should also add that much of the information on their site is not true. You got lucky with this one, as this article is one of the true ones. You may want to look elsewhere for additional information. The club leaders also heavily promote and practice occult and new age rituals on open calls, such as channeling spirits, pendelums, etc. If you need me to further defend my case, I would be more than glad to do so.

2 Jan 2010 , 17:19 PM

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#3

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Phil Jayhan Admin

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Quote:

Originally Posted by Hughes Just a quick comment, Phil. I notice the article posted above was pasted from Freedom Club Usa. Although the information itself in this post is nearly 100% true and accurate, I would strongly reccommend removing all references to FCUSA. The reason for this is because Freedom Club Usa claims to be creating a financial remedy for members debts, but in truth they are a scam. I don't think you'll feel very good if someone decided to click through to the club and be scammed out of thousands of dollars. I should also add that much of the information on their site is not true. You got lucky with this one, as this article is one of the true ones. You may want to look elsewhere for additional information. The club leaders also heavily promote and practice occult and new age rituals on open calls, such as channeling spirits, pendelums, etc. If you need me to further defend my case, I would be more than glad to do so. Hughes. I was hoping someone like you would come along and offer their knowledge. I am new and quite ignorant of the UCC and don't want myself or anyone else here to learn wrong, or to be ripped off from merciless scammers. Is there anyone out there who has done all the work, collected all the forms, knows how to process them correctly and who either gives it away free or sells it at a fair price? Also, would it be possible to chat on the phone sometime in the future? I understand if no, because everyone I have seen thus far charges for their time, and its expensive, and your really not sure if they have it down correctly or not. Anyways, thanks for taking the time to sign up and offer your help, much appreciated! Also, would you mind listing the very best resources for this information along with links? CheersPhil

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__________________ Phil Jayhan 9/11 Blog | Phil Jayhan.Com Video Host | Frederick Bastiats Audio of "The Law"

2 Jan 2010 , 17:49 PM

John Clearwater

#4

Hughes,

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Howdy and welcome to the forums. I am studying accepted for value and I am looking for someone with knowledge and experience to help me through the maze. Are you familiar with Tim Turner and the creditorsincommerce.com website?

Join Date: 6 Sep 2006

I am looking for enlightenment and assistance here and I thought you might just lend me a hand.

Location: teetering on the edge of greatness...or sitting on my broken BS meter...*SIGH*

BTW, I recently broke my back and I'm in a lot of pain with spotty online access opportunity. So my input and response may somewhat less than professional.

Posts: 232 Threads: 6

Cheers~ __________________

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11 Jul 2010 , 22:55 PM

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#5

Your $10,000 auto loan is a collaterlized loan. The pink slip is filed with the DMV with the Bank as legal owner and the borrower as registerd owner. You've given the bank a lien on the auto. If you default they file in court and get a notice of repossion and the tow truck rolls over to your home at midnight and picks up the bank collateral and you are liable for any shortages on the loan. Right?

#6

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John Clearwater Privileged

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Where did that $10,000 originate from? Was there full disclosure to all parties in the contract? __________________

I came I saw I deleted...

Join Date: 6 Sep 2006 Location: teetering on the edge of greatness...or sitting on my broken BS meter...*SIGH* Posts: 232 Threads: 6 Blog Entries: 4 Thanked 3 Times in 3 Posts

14 Jul 2010 , 05:59 AM

Jack A. Lope Privileged

#7 Quote:

Originally Posted by John Clearwater BTW, I recently broke my back and I'm in a lot of pain with spotty online access opportunity. So my input and response may somewhat less than professional.

Join Date: 9 Sep 2006 Location: I'm realy not here, what you see is a hologram. Posts: 1,230 Threads: 176 Thanked 227 Times in 112 Posts

Cheers~ I was wondering where you have been hiding at lately. Spotty access to the web is it? I know that feeling. I live next to an upscale motel that supplies an open Internet connection to it's costumers so I can usually connect through it but there are those times when a maid or somebody places something next to the router or bumps the antenna and I won't be able to connect until the object is moved or one of the customers complain and they check the routers and fix them. But what the hell, I'll take Free and spotty over 70 bucks a month and only slightly less spotty any time. So Rob, hows that back of yours doing? Is it still hurting you like it was or are you recovering? After all it has

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been a while since the fall and I would hope that you are at least on the road to recovering your mobility. Hope your feeling better because I know what it is like dealing with chronic back pain and it isn't any fun. Cheers Jack __________________ The green crusaders of the global warming community want to put a moratorium on the very gas responsible for making the world green. They say the debate is over. That may be the only thing they are right about

10 Aug 2010 , 08:52 AM

TheCheritableSort Reader

Join Date: 10 Aug 2010 Location: Michigan Posts: 2 Threads: 0 Thanked 0 Times in 0 Posts

#8 Promissory Note templates for purchasing Real Estate?

Hi I have been reading through the posts on this forum and I have to say that this forum is the most refreshing that I've found on the subject of redemption. There are so many arguments going on everywhere else, it's difficult to pick up important info due to the overwhelming drama that has occurred around "scams" "fraud" "illegal xyz" etc. Thank you for making sense. I have come here seeking advice/templates on creating a promissory note for the purchase of Real Estate for the exact reason that this post has been made. I am constructing a promissory note to purchase a property that I do not yet own. My intention is: 1) To accept for value the offer made on MLS for sales price WITHOUT making my own offer (which I know will void their offer), and WITHOUT an earnest money deposit (which I know will also void their offer because I paid them with federal reserve notes). 2) To construct a promissory note against the bond that I registered with the US Treasury that pays the offered amount on the property. 3) To record/certify the promissory note at the county clerk's office. 4) To hand in said promissory note with 1040 Voucher to bank, and purchase property. 5) To acquire keys for property. These are the promissory notes that I am using to construct

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my own property purchasing promissory note: Winston Shrout: __________________________ BONDED PROMISSORY NOTE #XXXX To the Order of: Henry M. Paulsen, Jr., dba the Secretary of the US Treasury, and The Honorable Bill Bradley, dba Secretary of State of Oregon. In the Amount of: Five Million ($5,000,000.00) in USD For: The Honorable Bill Bradley, Secretary of State of Oregon Account: Private Offset Bond XXXX to Henry M. Paulsen, Jr. the Secretary of the US Treasury. This negotiable instrument, tendered by Winston Shrout, hereinafter “Maker”, in good faith, and in accord with Law, shall evidence as a debt to the Payee as follows: Payee shall, upon receipt of this instrument, charge the Secretary of State of Oregon via pass through account WINSTON SHROUT 123456789 for the purpose of terminating any past, present, or future liabilities express or implied against the Secretary of State of Oregon, and Payee shall ledger this BONDED PROMISSORY NOTE for a period of five (5) years starting beginning of business on 19 January 2007 until close of business 18 January 2012, at an interest rate of seven (7%) percent per annum, and Upon maturity, this BONDED PROMISSORY NOTE shall be due and payable in full with interest and any associated fees – payment shall be ledgered against the bond, PRIVATE INDEMNITY BOND, USPS Tracking No. _7006 0810 0006 4302 XXXX_ , as secured by Henry M. Paulsen, Jr., the Secretary of the US Treasury.

________ ______________________________ date authorized representative

**************************************************

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******************************************* Winston Shrout Henry M. Paulsen Jr. c/o Box 4043 Department of the Treasury Hillsboro, Oregon state 1500 Pennsylvania Ave NW Non-domestic without US Washington, DC 20220 Bill Bradley Secretary of State of Oregon 136 State Capital Salem, Oregon 97310 -------------------------------------------RJ Promissory Note -------------------------------------------CERTIFIED PROMISSORY NOTE Note Number RJS01F02564X Date: ________________ PAY TO THE ORDER OF Clerk of the Court, DISTRICT COURT $69,178.02 Sixty-nine thousand one-hundred seventy-eight DOLS two CTS This instrument, in accord with Law, as codified at the Utah Uniform Commercial Code 70A-3-104, is tendered in good faith, pursuant to Public Policy at HJR-192 of 5 June 1933, and the Uniform Copmmercial Code 10-104, as full satisfaction of a purported debt claimed and purported to be owed by and to Payee/Respondent herein, Clerk of the Court, DISTRICT COURT, CLARK COUNTY, NEVADA, d.b.a., a Debt Collector, as per Payee/Respondent’s presentment: “12/17/01” “Case # C179995” “Amount $69,178.02”, a true and correct copy of which is attached hereto and referenced herein. On demand the undersigned maker promises paying the herein Instrument upon Uniform Commercial Code 3-501 and 3-111 presentment and indorsement. As an operation of Law, payee/respondent agrees by tacit admission, that there is accord and satisfaction by use of instrument tendered upon payee/respondent’s claim and petitioner/maker is hereby discharged from liability on this account and the obligation is suspended, in accordance with Law as codified at Utah Uniform Commercial Code 70A-3-603 and 70A-3-310 (b) and 311.. The Undersigned Maker does not waive timeliness however, if additional time is needed by payee/respondent, such additional time must be requested in writing before the

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expiration thereof and the reasons as to why an extension of time is requested should be given in writing with good cause shown. Payee/respondent’s request for an extension of time, will be considered and will be subject to approval by the undersigned maker. In the event that the herein Instrument is not timely presented for payment within a reasonable period of time (twenty-one (21) days), and there has been no request for an extension of time, that has been subsequently granted, then, payee/respondent agrees by tacit admission agrees that payee/respondent has no bona fide verifiable claim to this account. Payee/respondent agrees by tacit admission that payee/respondent has a duty to prevent this account from resulting in any damage to petitioner/maker. Payee/respondent confesses judgment and petitioner/maker, reserves the right to initiate a counterclaim or to claim the bond or surety of the payee/respondent or any principal(s), agent(s), or assign(s) of payee/respondent whose act(s). or failure(s) to act result in tort damages upon petitioner/maker. Petitioner/maker(s) surety is guaranteed at 18 USC @1581, 1342, 1341, 242, 241, and 4, and at 15 USC @ 1692. BY ORDER OF ROBERT J. SMITH, Petitioner/Maker By: _____________________________ ____________________________ Robert J. Smith, Secured Party, Creditor Witness c/o 123 Main Anytown, Utah [84770] ____________________________ Witness Authorized person indorse below. Print name and official title. (Official Identification Required), when presenting this Instrument for payment. A form of identification with a photograph will be required, that includes, any State Driver’s License or ID Card, or a Passport. ____________________________________________ ________________________________________ Print Name of Indorser Form of Photo ID ____________________________________________ ________________________________________ Official Title of Indorser Form of Official Identification ____________________________________________ ________________________________________ Date of Presentment and Endorsement Signature of Endorser

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Right thumb print: --------------------------------DOCSTOC Real Estate Promissory Note: http://www.docstoc.com/docs/203514/R...ect-Reduction_ -------------------------------I have put together a promissory note, combining text from Winston Shrout's PN and the laws and detail from RJ's PN, and I am using the format of the Real Estate PN while using some of their terminology as well to come up with this: -----------------------------BONDED PROMISSORY NOTE $_________ ________, 20__ This negotiable instrument, in accord with Law, as codified at the Michigan Uniform Commercial Code 440.3103, is tendered in good faith by FIRST AND LAST NAME 123456789, hereinafter “Maker”, pursuant to Public Policy at HJR-192 of 5 June 1933, and the Uniform Commercial Code 10-104, for value received with an address of ______________________________ full satisfaction of amount offered for property located in the: City of (City name) county of (county) at location (property legal location of lot etc.) , address of (1234 Easy Street, Anytown, UT Zip Code) by Payee/Respondent herein, (Clerk of the Court, DISTRICT COURT, CLARK COUNTY, NEVADA, d.b.a.), (a Bank), as per Payee/Respondent’s offer: “(08/10/10)” “(Residential MLS #)” “Amount ($0000000)”, a true and correct copy of which is attached hereto and referenced herein. On demand the undersigned maker promises paying the herein Instrument upon Uniform Commercial Code 3-501 and 3-111 presentment and indorsement. As an operation of Law, payee/respondent agrees by tacit admission, that there is accord and satisfaction by use of instrument tendered upon payee/respondent’s offer and (petitioner/maker is hereby discharged from liability on this account and the obligation is suspended, in accordance with Law as codified at Michigan Uniform Commercial Code 440.3603 and 440.2511 and 311.) Should I use this line in (parenthesis)?? Doesn't seem appropriate for this kind of PN, but I don't know in which way to word this) The Undersigned Maker does not waive timeliness however, if additional time is needed by payee/respondent, such additional time must be requested in writing before the expiration thereof and the reasons as to why an extension of

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time is requested should be given in writing with good cause shown. Payee/respondent’s request for an extension of time, will be considered and will be subject to approval by the undersigned maker. In the event that the herein Instrument is not timely presented for payment within a reasonable period of time (twenty-one (21) days), and there has been no request for an extension of time, that has been subsequently granted, then, payee/respondent agrees by tacit admission that payee/respondent has no bona fide verifiable claim to this account. (Payee/respondent agrees by tacit admission that payee/respondent has a duty to prevent this account from resulting in any damage to petitioner/maker.) I think I should make this say something in regards to the Payee/respondent giving me the keys and title or something like that to the property upon their acceptance of payment?? Not sure though. Payee/respondent confesses judgment and petitioner/maker, reserves the right to initiate a counterclaim or to claim the bond or surety of the payee/respondent or any principal(s), agent(s), or assign(s) of payee/respondent whose act(s) or failure(s) to act result in tort damages upon petitioner/maker. Petitioner/maker(s) surety is guaranteed at 18 USC @1581, 1342, 1341, 242, 241, and 4, and at 15 USC @ 1692. Payee shall, upon receipt of this instrument, charge the ____________ via pass through account FIRST AND LAST NAME 123456789 for the purpose of satisfying the above mentioned offer referenced in this Instrument, and Payee shall ledger this BONDED PROMISSORY NOTE for a period of twenty-one (21) days starting beginning of business on 10 August 2010 until close of business 31 August 2010, at an interest rate of _______(%) percent per annum, and Upon maturity, this BONDED PROMISSORY NOTE shall be due and payable in full with interest and any associated fees – payment shall be ledgered against the bond, PRIVATE INDEMNITY BOND, USPO REGISTERED MAIL NUMBER: _______________, as secured by Timothy Geithner, the Secretary of the US Treasury. -----------------------------These are my questions: 1) Should I call the bank "Lender" or "Payee/Respondent" or something different? 2) Are the sections that I have in parenthesis for changes appropriate, and if not, how could I reword them? 3) Should I switch the information I entered from Winston Shrout to the top of the promissory note? 4) Does the promissory note need to be this complicated?

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5) Should I add or omit some of the Michigan UCC codes to make it more applicable to Real Estate? These are some good questions to start lol. Sorry about the long post. Tamara __________________ How are you doing today?

10 Aug 2010 , 19:42 PM

Phil Jayhan Admin

#9

Welcome to the forum! I will forward this to rob & meg who have done the most work to date regarding these issues, and perhaps they can lend some assistance or help you in some way. Cheersphil __________________ Phil Jayhan 9/11 Blog | Phil Jayhan.Com Video Host | Frederick Bastiats Audio of "The Law"

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10 Aug 2010 , 21:14 PM

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Quote:

Originally Posted by Phil Jayhan Welcome to the forum! I will forward this to rob & meg who have done the most work to date regarding these issues, and perhaps they can lend some assistance or help you in some way. Cheersphil Hello Phil, I had to change my user name because my password wasn't working on TheCharitableSort, hopefully I will be able to figure that out. Please send your friend request here so that I can be sure to respond to you. Thank you very much for the help, I truly appreciate it! Tamara

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