Borrower is the Bank

[David Merrill]

After reading the Credit River Money Decision testimony by Mr. MORGAN in 1968 it is easy to understand the Bank is making a demand for lawful money:

[pumpkin]

Damn, it's right there. What is this paperwork from? Yours or off the net or what? How can the bank loan fiat and demand lawful money?

[doug555]

After reading the Credit River Money Decision testimony by Mr. MORGAN in 1968 it is easy to understand the Bank is making a demand for lawful money:

The same demand is made in HJR 192 - see it here in http://iuvdeposit.wordpress.com/hjr-192/ and http://iuvdeposit.wordpress.com/no-charge/

However, it was cleverly and diabolically hidden on June 5, 1933 as Option #2 as explained in above webpage!

We have been duped by their focus on Option #1...

We have been negligent in fulfilling our duty to choose Option #2 - "discharge upon PAYMENT" - which requires lawful money!

So, since we are to blame, then we can fix this IMMEDIATELY - by doing this!

And THIS!

And eventually THIS!!

[doug555]

After reading the Credit River Money Decision testimony by Mr. MORGAN in 1968 it is easy to understand the Bank is making a demand for lawful money:

Just Google "promissory note lawful money"

Here is another example demanding lawful money at http://www.in.gov/dlgf/files/HEA_107...ssory_Note.pdf

4. All payments hereunder shall be made in lawful money of the United States of
America in immediately available funds at the Office of Auditor of State of Indiana 240 State
House, Indianapolis, Indiana 46204, or at such other place as the State may designate from time
to time. If any payment shall become due on a Saturday, Sunday, or on any other day during
which the Office of Auditor of State of Indiana is not open for public business, then such
payment shall be made on the next succeeding business day at such Office.

And another at http://www.sec.gov/Archives/edgar/da...1241dex102.htm

PROMISSORY NOTE (AHAC)
$13,716,000.00 April 29, 2014
FOR VALUE RECEIVED, and at all times hereafter specified, AMBERGLEN PROPERTIES LIMITED PARTNERSHIP, an Oregon limited partnership (“Maker”), having an address of 520 SW Sixth Avenue, Portland, Oregon 97204, Attention: Matt Felton, promises to pay to the order of AMERICAN HOME ASSURANCE COMPANY, a New York Corporation (“AHAC” and its successors and/or assigns, collectively referred to as “Holder”), having an address at c/o AIG Investments, 777 S. Figueroa Street, 16th Floor, Los Angeles, California 90017-5800, or at such other address as may be designated from time to time hereafter by any Holder, the principal sum of THIRTEEN MILLION SEVEN HUNDRED SIXTEEN THOUSAND and 00/100 Dollars ($13,716,000.00), together with interest on the principal balance outstanding from time to time, as hereinafter provided, in lawful money of the United States of America in accordance with this Promissory Note (AHAC) (the “AHAC Note”) and the other Loan Documents (as defined below).

And another at http://www.sec.gov/Archives/edgar/da...7935dex105.htm

AMENDED AND RESTATED REVOLVING PROMISSORY NOTE
OF
AUTOTRADER.COM, INC.
ISSUED TO
COX ENTERPRISES, INC.
December 15, 2010
FOR VALUE RECEIVED, AUTOTRADER.COM, INC., a Delaware corporation (“Maker”), promises to pay to COX ENTERPRISES, INC., a Delaware corporation, or its successors and assigns (collectively with such successors and assigns, “Payee”), in lawful money of the United States of America, that certain amount owing by Maker to Payee from time to time pursuant to the Cash Management Agreement (as such term is defined below) as such amount may be adjusted from time to time pursuant to the Cash Management Agreement, together with interest in arrears accruing from the date hereof on the unpaid principal balance hereof from time to time at a variable rate equal to the Reference Rate (as such term is defined below), as adjusted from time to time, and in the manner set forth below and in the Cash Management Agreement. Maker is delivering this Amended and Restated Revolving Promissory Note in connection with the Amended and Restated Cash Management Agreement with Revolving Credit Facility dated as of December 15, 2010 by and between Maker and Payee (the “Cash Management Agreement”), and the terms and conditions of the Cash Management Agreement are incorporated herein by reference. To the extent of any inconsistency between the terms and provisions of this Amended and Restated Revolving Promissory Note and the Cash Management Agreement, the terms and provisions of the Cash Management Agreement shall govern this Amended and Restated Revolving Promissory Note. For the avoidance of doubt, amounts owing by Maker to Payee pursuant to the Cash Management Agreement and any amount outstanding under this Amended and Restated Revolving Promissory Note represent the same obligation of Maker to Payee.

And another at http://www.wikinvest.com/stock/Healt...and_Promissory

This excerpt taken from the HMA 8-K filed Aug 31, 2005.
DEMAND PROMISSORY NOTE

$20,000,000.00 August 26, 2005

Health Management Associates, Inc.
5811 Pelican Bay Boulevard, Suite 500
Naples, FL 34108
(Hereinafter referred to as “Borrower”)

Wachovia Bank, National Association
1 South Broad Street, PA 4152
Philadelphia, Pennsylvania 19107
(Hereinafter referred to as “Bank”)

Borrower promises to pay to the order of Bank, in lawful money of the United States of America, at its office indicated above or wherever else Bank may specify, the principal sum of $20,000,000.00 or such principal sum as may be advanced and outstanding from time to time, with interest on the unpaid principal balance at the rate and on the terms provided in this Promissory Note (including all renewals, extensions or modifications hereof, this “Note”).

[Michael Joseph]

Be thou not a respecter of persons. What is good for one person is good for another.

[doug555]

NOTICE carefully the exact wording:

1. "Borrower promises to pay to the order of Bank, in lawful money of the United States of America..."

It does NOT say:

2. "Borrower promises to promise to pay to the order of Bank, in lawful money of the United States of America..." [by tendering FRNs!]

By doing #2, are we not in breach of contract?

To do #1, isn't the only way that is possible is by accepting all bills for honor [as the people's credit vouchers], demanding lawful money thereon, indorsing them "For Deposit Only to the account of United States", and then returning them to their senders so that they can receive asset funds from the Treasury, which is the credit of the people in labor held by the Treasury since 1933 to offset their accounts payable at the Treasury, which transaction constitutes true payment, an exchange of real value (labor) for real value (products/services)?

Indeed, if the "Borrower is the Bank", why in the world would the people ever borrow money in the first place when they are the credit behind the entire national economy?!

Why not just "discharge upon payment" by indorsing all bills - which means "discharge the liability the providers have from borrowing the people's labor to produce the goods and services by assigning the credit amount on the bills over to them as their offset/setoff amount of same?

Google “The Way to outdo England without fighting her” by Henry Charles Carey, 1865. In his “Letter 12“, pages 129-130, he explains the efficacy of Lincoln’s “Greenback” Monetary Policy. Read this letter to see how an honest labor-backed currency and a simple clearinghouse controlled by the people could turn around our economy in weeks (see excerpt below, and also at http://iuvdeposit.wordpress.com/2014...d-bill-remedy/):

Attachment 1928

[allodial]

After reading the Credit River Money Decision testimony by Mr. MORGAN in 1968 it is easy to understand the Bank is making a demand for lawful money...

Imagine if the "borrower" paid the bank in lawful money but the ban only gave clearinghouse credit in return.

That which is said to be an unconditional promise to pay a sum certain in money is itself money.

Damn, it's right there. What is this paperwork from? Yours or off the net or what? How can the bank loan fiat and demand lawful money?

Most any promissory note provided by a bank or by the US Department of Education, etc. is likely involving a promise to pay "lawful money". A check for ____ DOLLARS might be for clearinghouse credit.

Doug555 what I've aimed to drive home is the reality that at the heart of all monetary systems seems to be this thing called sovereign prerogative.

[pumpkin]

"Borrower promises to promise to pay to the order of Bank, in lawful money of the United States of America..." [by tendering FRNs!]

I don't see this as accomplishing anything. A bank cannot sue you for not paying lawful money, they accept FRNs for every transaction. They are estopped by their own actions. The government is not a party to the contract, they cannot use it in any way. This maybe is done so a court can actually make judgment concerning the mortgage, an not be making something a payment of debt other than gold or silver coin. But even with that, it must be done in equity, as a full accounting done in law, will show the bank had no consideration for the contract (they don't lend out their deposits).

[Michael Joseph]

"Borrower promises to promise to pay to the order of Bank, in lawful money of the United States of America..." [by tendering FRNs!]

I don't see this as accomplishing anything. A bank cannot sue you for not paying lawful money, they accept FRNs for every transaction. They are estopped by their own actions. The government is not a party to the contract, they cannot use it in any way. This maybe is done so a court can actually make judgment concerning the mortgage, an not be making something a payment of debt other than gold or silver coin. But even with that, it must be done in equity, as a full accounting done in law, will show the bank had no consideration for the contract (they don't lend out their deposits).

A choice. Be your brother's keeper - or add extra burdens. The choice is rooted in self. Should I die to self and help others or be greedy which hurts me and others. Either way the Administration is made by others.

Kingdom of God : The Administration is in the Holy Spirit
States of men: The Administration is in the government

Those under the Administration of the government of the United States may call themselves United States citizens. This is a title.

Those under the Administration of the Holy Spirit of Father El Elyon may call themselves the sons of El Elyon. This is a title.

Those who Establish the State also settle the commercial affairs - Constitution. Else if there was no Constitution then the State would be a closed law boundary unable to engage other States. Therefore, of course, there is sovereign prerogative. If the sovereign is the servant of the people, then the prerogative must presuppose the benefit of the people.

1Co 4:21 What desire ye? shall I come unto you with a rod, or in love and in the spirit of meekness?

Regards,
Michael Joseph

[pumpkin]

I agree that knowing your proper place is the key, but why do you suppose the lawful money language is in that contract?