Acceptance For Value - What it is

[BLBereans]

Hi David, when we chatted over the phone, I mentioned the "accepted for value" topic and you said that the only true use is that a government official should accept their oath for value. This topic however is more along the lines of what I was referring to. What I'm looking to do, is essentially redeeming the coupon. I purchased a few book by David E. Robinson on Amazon and while I have recently tried the "handling presentments" section of his book about accepting for value, I still have received no response. My father in-law, a former attorney also was very critical of the book and author for what seems to be a rather narcissistic pseudo-Christian attitude and lack of practical legal knowledge. Is this something that you practice and if so, could you offer guidance? What I have done looks a bit like the example provided in the first post in this thread, although it is a little more involved, such as converting the coupon into a money order with a routing number and bond number extrapolated from the back of my SSN card. A better question to satisfy my curiosity would be, in what form do you pay your utility and credit card bills? If you don't pay them in a "traditional" way such as a check or online bill pay feature etc, how do you pay for, for example your cell phone bill?

I am curious as to that aspect as well. The premise of sound money demand (lawful money) is to make known one's choice to NOT be a typical commercial belligerent; the desire to extinguish debt rather than increase it for the purpose of personal profit.

Those here who have mastered this concept (lawful money demand) should also have a great grasp on the methodology of directing discharge of ALL bills (utility, water, phone, etc.), regardless of the presenter. Perhaps this precise methodology has been presented here with sufficient evidence of success and reproducibility and I am unaware of it. Has it? I would be interested in viewing methods which prove successful in these matters.

[David Merrill]

I am curious as to that aspect as well. The premise of sound money demand (lawful money) is to make known one's choice to NOT be a typical commercial belligerent; the desire to extinguish debt rather than increase it for the purpose of personal profit.

Those here who have mastered this concept (lawful money demand) should also have a great grasp on the methodology of directing discharge of ALL bills (utility, water, phone, etc.), regardless of the presenter. Perhaps this precise methodology has been presented here with sufficient evidence of success and reproducibility and I am unaware of it. Has it? I would be interested in viewing methods which prove successful in these matters.

Start Here.

It was a while ago so I hope this is recalled correctly. That is an offer for China to buy the $20M lien for $50M.

When China passed on that (acquiesced) I noted that BRICS came into formation. - Which would be that several nations knew that America's good faith and credit had been besmirched. The international credit rating indeed dropped some points, for the first time ever! I have a BBC World News recording around here somewhere... [attached... Nope! Maybe I filed that recording in the Basel II folder?]

I published the lien in the BRICS nations - Brazil, Russia, India, China and South Africa. I sent a Notice of Lien for their national papers with $100. It really did not matter whether they published or not, the notice made it to the national publications services. China was exceptional! They sent me back an adjustment in renmindi, for a new price to publish the Notice in China Daily for around $630. So I sent that to them and then they were careful to write a note that they could not publish the Notice and refunded the exact same cash bills!

I miss how fun and exhilarating that event was, to hear the good faith and credit of the US dollar being affected exactly at that time! It still goes on, the adventure, I am just careful about the science and wait until the results are in more now than back then, before I share.

[David Merrill]

Continuing; Here are some of the responses. I like the way they prove service on the Finance Ministry across the way with the word "censor" in the translation.

[BLBereans]

Forgive my ignorance; but I haven't a clue what all that means or how it relates to successful discharge of an electric bill.

Is "BRICS" involved in the discharge process when someone wishes to direct the water bill to the appropriate office for settlement?

I admit to not comprehending the connection when dealing with average-joe type matters like settling the home gas bill.

You seem to be addressing issues on a world-wide scale, I am speaking of addressing the cell phone bill. As micro as it may seem, these matters continue to require addressing every month.

[David Merrill]

Forgive my ignorance; but I haven't a clue what all that means or how it relates to successful discharge of an electric bill.

Is "BRICS" involved in the discharge process when someone wishes to direct the water bill to the appropriate office for settlement?

I admit to not comprehending the connection when dealing with average-joe type matters like settling the home gas bill.

You seem to be addressing issues on a world-wide scale, I am speaking of addressing the cell phone bill. As micro as it may seem, these matters continue to require addressing every month.

My apologies then; I have a way of addressing a Post without getting into the context of several posts. Rather, I just enjoyed sharing something I have not revisited for a while.

You might discharge a phone bill or a utility bill in this manner but it would be a novation to the contract that would disrupt continuous service. Like I was saying then, the only effective use of A4V is in the IN GOD WE TRUST trust.

[Chex]

I admire what anyone is doing here but I don’t get how anyone can discharge any bills for “goods and services” even with FRN’s or Lawful money.

[teamsnowden]

David, assuming you send in a check or postal money order to pay a bill the regular way (as to not disrupt service), and you also convert the coupon into a money order and write in accepted for value etc on the top—what would the full process be for discharging a phone, gas or cable bill? I believe the first post is pretty close, but not a silver bullet. Also, when researching the topic everyone online, and even the book I mentioned give a warning at the beginning that it's not a guarantee. Is there anyone here who is discharging debts monthly rather than paying debts monthly and can you share the specifics of what is working for you? I've heard that 1099-OID can be useful for this, I've heard about sending to CID at the FBI, but I really don't know. I'd also like to do this without getting myself in any trouble, a trip to the slammer is not an option that would end well for me or my family.

[David Merrill]

David, assuming you send in a check or postal money order to pay a bill the regular way (as to not disrupt service), and you also convert the coupon into a money order and write in accepted for value etc on the top—what would the full process be for discharging a phone, gas or cable bill? I believe the first post is pretty close, but not a silver bullet. Also, when researching the topic everyone online, and even the book I mentioned give a warning at the beginning that it's not a guarantee. Is there anyone here who is discharging debts monthly rather than paying debts monthly and can you share the specifics of what is working for you? I've heard that 1099-OID can be useful for this, I've heard about sending to CID at the FBI, but I really don't know. I'd also like to do this without getting myself in any trouble, a trip to the slammer is not an option that would end well for me or my family.

The first sentence answers itself - the check or money order discharges the obligation. Back when 1099-OID was popular, before so many people were being put in jail about it, I would simply send people to the list of functions in the Instructions. The IRS offers the Forms and Instructions for their forms on their website. If you cannot find the purpose of the Form as you intend it in the Instructions then you are probably misusing the Form.