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  1. #11
    http://usufructremedy.blogspot.com/p...affidavit.html

    See updated "Usufruct Affidavit" at link above, for your review and suggestions.

    Notice that Boris's latest 10/23 audio confirms my assertion that bills are really credit vouchers, and that we should accept, indorse, and return them as lawful money payments.

    Dishonors of these "indorsed bill payments" would constitute insurrection and rebellion against the United States per Section 4 of the 14th Amendment by questioning the public debt.

    Notice that the "public debt" has to have a counterpart "public credit" according the Generally Accepted Accounting Principles" (GAAP) that governs all commercial activity using the double-entry bookkeeping paradigm.

    This "public debt" is owed to people for their deposit of their private labor as the "public credit" of the nation, pledged at birth.

    Notice this excerpt from "Public Debt Private Assets" publication from the FRB in Chicago, at the top of page 5 (boldface added):

    "We all know what debt is when it is our own—we owe money to someone else. On the other hand, it may not be so easy to understand that many of our financial assets are someone else’s debts. For example, to a consumer a savings account at a bank is an asset. However, to the bank it is a debt."

    Last edited by doug555; 11-07-14 at 11:47 PM.

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